Joyce Corporation Ltd (JYC) AI Stock Analysis

• Market Cap: AU$130.99M
• Dividend Yield: 6.32%
• Average Volume (3M): 8.13K
• Price to Earnings (P/E): 18.2
• Beta (1Y): 0.19
• Revenue Growth: -2.09%
• EPS Growth: -24.35%
• Country: AU
• Employees: 253
• Sector: Consumer Cyclical
• Sector Strength: 64
• Industry: Specialty Retail
• EPS (TTM): 0.10
• Shares Outstanding: 29,569,270
• 10 Day Avg. Volume: 14,298
• 30 Day Avg. Volume: 8,134
• PEG Ratio: -0.81
• Price to Book (P/B): 3.99
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 6.20
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 69 Neutral
• Price Target: AU$5.00 ▲(12.87%Upside)

Joyce Corporation Ltd's strong financial performance and attractive dividend yield are significant positives. However, mixed technical indicators suggest cautiousness in the short term. The balanced valuation further supports a moderate overall stock score.

Joyce Corporation Ltd Business Overview & Revenue Model

Company Description

Joyce Corporation Ltd (JYC) is an Australian company engaged in the retail and manufacturing sectors. It primarily operates through three segments: Kitchens, Furniture, and Investments. The company is known for its ownership of KWB Group, which includes prominent kitchen retail brands such as Kitchen Connection and Wallspan. Additionally, Joyce Corporation has investments in the furniture sector, notably through its stake in the Lloyds Auctioneers and Valuers business.

How the Company Makes Money

Joyce Corporation Ltd makes money through its diversified operations in the retail and manufacturing industries. The primary revenue streams include sales from its kitchen retail segment, where it offers kitchen renovation and installation services through its brands such as Kitchen Connection and Wallspan. This segment generates income from both product sales and service fees. In the furniture sector, the company earns revenue from its investment in Lloyds Auctioneers and Valuers, which conducts auctions and valuations of furniture and other goods. The company also benefits from strategic partnerships and investments that contribute to its overall earnings, providing a steady flow of income from different sectors.

Joyce Corporation Ltd Financial Statement Overview

Summary

Joyce Corporation Ltd is performing well with strong revenue and profitability growth. The balance sheet is stable with prudent debt management, and cash flows are healthy, supporting sustainable operations and future growth.

Income Statement

Joyce Corporation Ltd has demonstrated solid revenue growth with a 12.3% increase from 2021 to 2022. The gross profit margin improved significantly, suggesting better cost management. Net profit margin is stable, reflecting consistent profitability. However, fluctuations in EBIT and EBITDA margins indicate some volatility in operating efficiencies.

Balance Sheet

The company maintains a strong equity position with a Debt-to-Equity ratio of 0.80, indicating prudent financial leverage. Return on Equity (ROE) has been robust, reflecting effective utilization of shareholder funds. The equity ratio demonstrates a balanced asset financing structure, contributing to financial stability.

Cash Flow

Operating cash flow remains strong and consistently covers net income, indicating healthy cash generation. Free cash flow growth is positive, though it has been fluctuating. The Free Cash Flow to Net Income ratio is favorable, supporting ongoing investment and financing needs.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
145.86M	145.51M	144.70M	129.02M	111.22M	85.76M
	Gross Profit
78.84M	78.18M	42.33M	27.05M	24.08M	15.77M
	EBIT
28.95M	30.66M	21.66M	18.21M	15.24M	8.06M
	EBITDA
25.00M	29.08M	31.74M	32.24M	24.32M	12.66M
	Net Income Common Stockholders
7.18M	8.86M	7.93M	9.09M	7.57M	-1.95M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
18.08M	40.84M	47.73M	33.15M	20.46M	10.82M
	Total Assets
67.32M	92.84M	86.40M	86.22M	69.28M	60.71M
	Total Debt
13.74M	27.60M	19.05M	15.33M	13.76M	17.71M
	Net Debt
-4.34M	-11.55M	-28.68M	-17.82M	-6.70M	6.89M
	Total Liabilities
38.79M	54.02M	48.63M	50.73M	42.64M	39.05M
	Stockholders Equity
24.50M	34.55M	32.98M	28.53M	23.03M	18.00M
Cash Flow		Free Cash Flow
21.14M	19.02M	21.47M	20.86M	25.77M	12.53M
	Operating Cash Flow
23.96M	21.35M	24.95M	22.44M	27.17M	13.36M
	Investing Cash Flow
-2.99M	-4.28M	10.66M	3.88M	2.02M	1.20M
	Financing Cash Flow
-23.09M	-24.00M	-21.46M	-14.26M	-19.95M	-10.77M

Joyce Corporation Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4.43
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:JYC, the sentiment is Negative. The current price of 4.43 is below the 20-day moving average (MA) of 4.58, below the 50-day MA of 4.50, and above the 200-day MA of 4.38, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.35 is Neutral, neither overbought nor oversold. The STOCH value of 13.66 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:JYC.

Joyce Corporation Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JBH	75 Outperform	AU$11.92B	25.91	29.07%	3.24%	6.21%	0.20%
ADH	73 Outperform	€480.74M	14.48	14.57%	5.49%	0.49%	-3.64%
HVN	73 Outperform	$6.80B	15.75	9.58%	4.48%	1.77%	15.57%
JYC	69 Neutral	AU$130.99M	18.22	21.62%	6.32%	-2.09%	-24.35%
Sector *	62 Neutral	$6.84B	11.41	2.80%	3.87%	2.70%	-24.58%
DMP	54 Neutral	$2.01B	121.64	2.09%	5.04%	-8.04%	-54.44%

Joyce Corporation Ltd Corporate Events

Anacacia Pty Ltd Acquires Substantial Stake in Joyce Corporation Ltd

Joyce Corporation Ltd has announced that Anacacia Pty Ltd has become a substantial holder in the company, acquiring a 5.21% voting power through the purchase of 1,541,992 ordinary shares. This acquisition, valued at $4,818,074, reflects Anacacia’s strategic investment interest and may influence Joyce Corporation’s shareholder dynamics and future decision-making processes.

Joyce Corporation’s Strategic Developments in KWB Group

Joyce Corporation Ltd has a long-standing investment in KWB Group, having acquired a 51% stake in 2013. The company has strategically developed its operations over the years, including relocating its head office and expanding its manufacturing capabilities. The recent sale and leaseback of the Lytton facility in 2022 demonstrate a strategic move to optimize asset management, which could impact the company’s financial flexibility and operational efficiency.