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Janus International Group (JBI)
NYSE:JBI
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Janus International Group
(NYSE:JBI)
Rating:70Outperform
Price Target:
$9.50
▲( 17.87% Upside)
Positive Factors
Future Project Releases
JBI anticipates project deferrals could be released in the second half of 2025 as the macroeconomic environment stabilizes.
Market Conditions
As the macro backdrop stabilizes and lower rates stimulate activity, JBI anticipates the project deferrals could be released as early as 2H25.
Negative Factors
Guidance Reduction
Management has reduced its guidance in consecutive quarters, indicating lowered expectations.
Price Reductions
The company is cutting prices due to falling steel prices and new market entrants.
Project Delays
JBI is experiencing project delays and its non-institutional customers are under pressure.
Janus International Group (JBI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.13B
Dividend YieldN/A
Average Volume (3M)1.31M
Price to Earnings (P/E)23.1
Beta (1Y)0.80
Revenue Growth-13.95%
EPS Growth-63.37%
CountryUS
Employees1,883
SectorIndustrials
Sector Strength93
IndustryConstruction
Share Statistics
EPS (TTM)0.08
Shares Outstanding139,961,640
10 Day Avg. Volume1,474,810
30 Day Avg. Volume1,306,284
Financial Highlights & Ratios
PEG Ratio-0.49
Price to Book (P/B)2.23
Price to Sales (P/S)0.00
P/FCF Ratio8.57
Enterprise Value/Market Cap1.41
Enterprise Value/Revenue0.39
Enterprise Value/Gross Profit4.20
Enterprise Value/Ebitda1.58
Forecast
1Y Price Target
$10.00Price Target Upside24.07% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
Janus International Group Business Overview & Revenue Model
Company DescriptionJanus International Group, Inc. manufacturers, supplies, and provides turn-key self-storage, and commercial and industrial building solutions in North America and internationally. It offers roll up and swing doors, hallway systems, relocatable storage units, and facility and door automation technologies. The company also provides Noke smart entry system. Janus International Group, Inc. was founded in 2002 and is headquartered in Temple, Georgia.
How the Company Makes MoneyJanus International Group generates revenue primarily through the manufacture and sale of its products, which include self-storage doors, hallway systems, relocatable storage, and commercial rolling doors. The company also earns income from its technology solutions, including access control and facility management systems, which are increasingly important as customers seek integrated solutions. Key revenue streams for JBI include direct sales to self-storage and commercial facility operators, as well as through partnerships with contractors and distributors. Significant factors contributing to its earnings include the growing demand for self-storage space, increased adoption of automation technologies in facility management, and expansion into international markets.
Janus International Group Financial Statement Overview
Summary
Janus International Group shows a stable financial position with strengths in revenue generation and cash flow management. Despite a dip in profit margins and free cash flow growth in 2024, the company's improved leverage position and consistent revenue growth over the years present a positive outlook. Continued focus on operational efficiency and profitability will be crucial for maintaining a strong financial stance.Income Statement
Janus International Group has shown a consistent increase in total revenue from 2020 to 2023, with a slight dip in 2024. The gross profit margin and net profit margin have remained strong, with the latest figures at 41.3% and 7.3% respectively. However, there was a noticeable decline in EBIT and EBITDA margins in 2024, indicating potential operational challenges.70
Positive
Balance Sheet
The company's debt-to-equity ratio has significantly improved from 2020 to 2023, showcasing better leverage management. However, the equity ratio remains moderate at 39.9% in 2024. Return on Equity has decreased, indicating a reduction in profitability relative to shareholders' equity.65
Positive
Cash Flow
Janus International Group has demonstrated strong free cash flow generation, with an increase from 2022 to 2023. The operating cash flow to net income ratio is robust, highlighting efficient cash generation from operations. However, the free cash flow growth rate turned negative in 2024, suggesting potential challenges in sustaining cash flow levels.75
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 963.80M | 1.07B | 1.02B | 750.15M | 548.97M | Gross Profit |
| 397.80M | 449.70M | 364.93M | 251.36M | 203.82M | EBIT |
| 146.60M | 245.70M | 187.48M | 92.40M | 94.52M | EBITDA |
| 193.90M | 286.00M | 230.26M | 121.20M | 125.38M | Net Income Common Stockholders |
| 70.40M | 135.70M | 107.70M | 43.80M | 56.84M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 149.30M | 171.70M | 78.37M | 13.19M | 45.26M | Total Assets |
| 1.30B | 1.35B | 1.27B | 1.12B | 873.48M | Total Debt |
| 597.40M | 667.30M | 708.20M | 718.15M | 624.13M | Net Debt |
| 448.10M | 495.60M | 629.82M | 704.96M | 578.87M | Total Liabilities |
| 782.50M | 830.40M | 895.33M | 853.72M | 732.61M | Stockholders Equity |
| 518.80M | 519.60M | 375.29M | 268.29M | 140.87M |
| Cash Flow | Free Cash Flow | |||
| 133.90M | 196.00M | 79.66M | 54.96M | 94.51M | Operating Cash Flow |
| 154.00M | 215.00M | 88.47M | 74.83M | 100.85M | Investing Cash Flow |
| -73.10M | -19.90M | -8.69M | -189.89M | -10.77M | Financing Cash Flow |
| -103.00M | -102.40M | -14.65M | 82.80M | -64.13M |
Janus International Group Technical Analysis
Neutral
8.06
Price Trends
7.41
Positive
7.67
Positive
8.39
Negative
Market Momentum
0.36
Negative
54.91
Neutral
15.65
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JBI, the sentiment is Neutral. The current price of 8.06 is above the 20-day moving average (MA) of 7.88, above the 50-day MA of 7.41, and below the 200-day MA of 8.39, indicating a neutral trend. The MACD of 0.36 indicates Negative momentum. The RSI at 54.91 is Neutral, neither overbought nor oversold. The STOCH value of 15.65 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JBI.
Janus International Group Risk Analysis
Janus International Group disclosed 47 risk factors in its most recent earnings report. Janus International Group reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
Our use of hedging arrangements may adversely affect our future operating results or liquidity. Q4, 2024
2.
Our ongoing development of technology products presents security and safety risks. Q4, 2024
3.
Emerging issues related to the development and use of artificial intelligence could give rise to legal or regulatory action, damage our reputation, or otherwise materially harm of our business. Q4, 2024
Janus International Group Peers Comparison
Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $876.19M | 16.86 | 11.03% | ― | 0.48% | -5.52% | |
70 Outperform | $1.13B | 23.07 | 9.51% | ― | -13.95% | -63.37% | |
68 Neutral | $834.02M | 9.95 | 17.74% | 2.61% | -3.95% | -14.56% | |
65 Neutral | $4.41B | 12.06 | 5.22% | 249.80% | 4.09% | -12.16% | |
64 Neutral | $976.11M | ― | -3.76% | ― | -0.61% | -248.58% | |
56 Neutral | $955.45M | ― | -17.12% | 4.59% | 1.54% | -466.46% | |
50 Neutral | $769.69M | 2.21 | -42.67% | ― | -26.67% | ― |
* Industrials Sector Average
Performance Comparison
JBI
Janus International Group
8.06
-6.49
-44.60%
ALGT
Allegiant Travel Company
52.34
3.37
6.88%
APOG
Apogee
38.66
-25.81
-40.03%
THR
Thermon Group Holdings
26.48
-8.40
-24.08%
PRSU
Pursuit Attractions and Hospitality
27.24
-6.35
-18.90%
CTOS
Custom Truck One Source
4.31
-0.29
-6.30%
Janus International Group Earnings Call Summary
Earnings Call Date:May 08, 2025
(Q1-2025)
| % Change Since: 12.73%|
Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment Neutral
The earnings call reflects a company that is facing significant revenue and profitability challenges due to macroeconomic factors and market softness. However, the company is actively managing these challenges through cost reduction plans, strong cash flow management, and strategic capital allocation, including share repurchases and debt prepayment. While there are positive signs in backlog growth and international segment performance, the overall environment remains challenging.Q1-2025 Updates
Positive Updates
Cost Reduction Plan on Track
The company is progressing well with its restructuring initiatives, with a structural cost reduction plan expected to deliver approximately $10 million to $12 million in annual pretax cost savings by the end of 2025.
Strong Balance Sheet and Cash Flow
The company generated cash from operating activities of $48.3 million and free cash flow of $41.9 million in the quarter, with a free cash flow conversion of adjusted net income of 170% on a trailing twelve-month basis.
Share Repurchase and Debt Prepayment
Repurchased 600,000 shares for $5.1 million and made a voluntary prepayment of $40 million on the first lien term loan, which will lower overall interest expense by an estimated $2.2 million for the year.
International Segment Growth
The international segment saw total revenues increase by $500,000 or 44.2% compared to the prior year, driven by increased volumes due to normalizing local market conditions.
Negative Updates
Revenue Decline
First quarter revenue of $210.5 million was down 17.3% compared to the first quarter of 2024, with declines in self-storage (23.1%), new construction (25.5%), and R3 (19.3%).
Adjusted EBITDA and Margin Decrease
Adjusted EBITDA for the first quarter was $38.4 million, down 42.1% compared to the first quarter of 2024, resulting in an adjusted EBITDA margin of 18.2%, a decrease of approximately 790 basis points from the prior year.
Challenges in Commercial and Other Segments
The commercial and other segments saw a 1% decline in the first quarter, driven by market softness for rolling sheet doors.
Potential Tariff Impacts
Estimated potential expense impact related to tariffs for 2025 is in the low single-digit millions, with ongoing annual impacts expected to be in the range of $10 million to $12 million beyond 2025.
Company Guidance
During the Janus International Group's first-quarter 2025 earnings call, the company provided guidance reaffirming its full-year projections for revenue and adjusted EBITDA. Revenue is expected to be in the range of $800 million to $890 million, with an adjusted EBITDA between $175 million and $195 million, reflecting an adjusted EBITDA margin of 21.1% at the midpoint. The company anticipates improvement in results during the latter half of 2025, as customer focus shifts towards R3 initiatives, involving the optimization and upgrade of existing properties over new construction. Janus also expects to achieve $10 million to $12 million in annual pretax cost savings by the end of 2025 through restructuring initiatives. Despite a challenging economic environment, the company remains confident in its long-term growth prospects, supported by strong cash flow and a solid balance sheet, which allowed for a $40 million voluntary prepayment on its first lien term loan and $5.1 million in share repurchases during the quarter.Janus International Group Corporate Events
Stock BuybackBusiness Operations and Strategy
Janus International Expands Share Repurchase Program
Positive
May 15, 2025
On May 15, 2025, Janus International Group announced that its Board of Directors approved an additional $75 million to its share repurchase program, increasing the total authorization to $91.3 million. This move reflects the company’s confidence in its business model and cash generation capabilities, aiming to enhance long-term shareholder value through strategic capital allocation. The repurchases will be funded using cash on hand and expected future free cash flow, with the company retaining flexibility in the timing and method of repurchases.
The most recent analyst rating on (JBI) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Janus International Group stock, see the JBI Stock Forecast page.
Stock BuybackBusiness Operations and StrategyFinancial Disclosures
Janus International Reports Q1 2025 Revenue Decline
Negative
May 8, 2025
On May 8, 2025, Janus International Group reported its financial results for the first quarter of 2025, showing a decline in revenue and net income compared to the previous year. The company achieved $210.5 million in total revenue, a 17.3% decrease from the first quarter of 2024, and a net income of $10.8 million, a 64.8% decrease from the previous year. Despite these declines, Janus reaffirmed its full-year 2025 revenue and adjusted EBITDA guidance, emphasizing its strategic focus on expanding market share and delivering long-term shareholder value. The company repurchased 0.6 million shares of common stock for $5.1 million and remains confident in its ability to navigate macroeconomic challenges.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.