Johnson Outdoors Stock Beta

JOUT Stock

USD 32.51 0.84 2.65%

Johnson Outdoors fundamentals help investors to digest information that contributes to Johnson Outdoors' financial success or failures. It also enables traders to predict the movement of Johnson Stock. The fundamental analysis module provides a way to measure Johnson Outdoors' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Johnson Outdoors stock.

Short Long Term Debt Total Total Assets

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Johnson Outdoors Company Beta Analysis

Johnson Outdoors' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current Johnson Outdoors Beta

0.71

Most of Johnson Outdoors' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Johnson Outdoors is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Johnson Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Johnson Outdoors is extremely important. It helps to project a fair market value of Johnson Stock properly, considering its historical fundamentals such as Beta. Since Johnson Outdoors' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Johnson Outdoors' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Johnson Outdoors' interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Good Will	Common Stock	Property Plant Equipment	Current Deferred Revenue	Treasury Stock	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		1.0	-0.36	1.0	0.62	0.86	1.0	0.08	-0.6	0.74	-0.55	0.68	0.96	0.06	-0.86	0.98	-0.66	0.9	0.92	0.78	0.92	0.93	0.69
Total Stockholder Equity	1.0		-0.36	1.0	0.6	0.84	0.99	0.07	-0.59	0.73	-0.58	0.71	0.96	0.05	-0.86	0.98	-0.69	0.9	0.9	0.78	0.91	0.91	0.69
Net Debt	-0.36	-0.36		-0.34	-0.48	-0.42	-0.41	-0.54	0.15	-0.56	0.63	-0.38	-0.14	-0.17	0.43	-0.24	0.6	-0.31	-0.45	-0.14	-0.23	-0.3	0.16
Retained Earnings	1.0	1.0	-0.34		0.6	0.86	0.99	0.1	-0.59	0.72	-0.52	0.66	0.97	0.06	-0.87	0.99	-0.64	0.91	0.92	0.78	0.93	0.93	0.69
Net Receivables	0.62	0.6	-0.48	0.6		0.7	0.66	0.26	-0.39	0.77	-0.45	0.37	0.51	0.19	-0.58	0.57	-0.47	0.54	0.63	0.24	0.58	0.64	0.11
Total Liab	0.86	0.84	-0.42	0.86	0.7		0.88	0.24	-0.54	0.9	-0.39	0.59	0.78	0.1	-0.81	0.85	-0.49	0.91	0.87	0.64	0.94	0.95	0.5
Total Current Assets	1.0	0.99	-0.41	0.99	0.66	0.88		0.15	-0.59	0.77	-0.54	0.66	0.95	0.08	-0.87	0.98	-0.65	0.9	0.94	0.76	0.92	0.93	0.65
Short Term Debt	0.08	0.07	-0.54	0.1	0.26	0.24	0.15		0.09	0.24	0.04	-0.16	-0.01	0.31	-0.34	0.1	0.01	0.12	0.25	0.05	0.08	0.14	-0.24
Intangible Assets	-0.6	-0.59	0.15	-0.59	-0.39	-0.54	-0.59	0.09		-0.43	0.32	-0.38	-0.54	0.67	0.3	-0.6	0.24	-0.48	-0.6	-0.37	-0.6	-0.61	-0.44
Accounts Payable	0.74	0.73	-0.56	0.72	0.77	0.9	0.77	0.24	-0.43		-0.59	0.68	0.61	0.13	-0.75	0.67	-0.63	0.82	0.69	0.47	0.78	0.81	0.3
Good Will	-0.55	-0.58	0.63	-0.52	-0.45	-0.39	-0.54	0.04	0.32	-0.59		-0.81	-0.41	-0.08	0.54	-0.4	0.96	-0.49	-0.36	-0.38	-0.33	-0.34	-0.2
Common Stock	0.68	0.71	-0.38	0.66	0.37	0.59	0.66	-0.16	-0.38	0.68	-0.81		0.61	0.01	-0.58	0.58	-0.86	0.77	0.49	0.73	0.61	0.58	0.63
Property Plant Equipment	0.96	0.96	-0.14	0.97	0.51	0.78	0.95	-0.01	-0.54	0.61	-0.41	0.61		0.07	-0.82	0.98	-0.55	0.89	0.86	0.81	0.91	0.9	0.77
Current Deferred Revenue	0.06	0.05	-0.17	0.06	0.19	0.1	0.08	0.31	0.67	0.13	-0.08	0.01	0.07		-0.38	0.03	-0.26	0.12	-0.01	0.14	-0.03	-0.02	-0.11
Treasury Stock	-0.86	-0.86	0.43	-0.87	-0.58	-0.81	-0.87	-0.34	0.3	-0.75	0.54	-0.58	-0.82	-0.38		-0.84	0.66	-0.86	-0.74	-0.69	-0.79	-0.8	-0.44
Net Tangible Assets	0.98	0.98	-0.24	0.99	0.57	0.85	0.98	0.1	-0.6	0.67	-0.4	0.58	0.98	0.03	-0.84		-0.53	0.9	0.93	0.78	0.94	0.95	0.72
Long Term Debt Total	-0.66	-0.69	0.6	-0.64	-0.47	-0.49	-0.65	0.01	0.24	-0.63	0.96	-0.86	-0.55	-0.26	0.66	-0.53		-0.63	-0.46	-0.56	-0.44	-0.45	-0.35
Capital Surpluse	0.9	0.9	-0.31	0.91	0.54	0.91	0.9	0.12	-0.48	0.82	-0.49	0.77	0.89	0.12	-0.86	0.9	-0.63		0.82	0.85	0.95	0.93	0.71
Deferred Long Term Liab	0.92	0.9	-0.45	0.92	0.63	0.87	0.94	0.25	-0.6	0.69	-0.36	0.49	0.86	-0.01	-0.74	0.93	-0.46	0.82		0.65	0.91	0.93	0.56
Short Long Term Debt	0.78	0.78	-0.14	0.78	0.24	0.64	0.76	0.05	-0.37	0.47	-0.38	0.73	0.81	0.14	-0.69	0.78	-0.56	0.85	0.65		0.74	0.71	0.91
Net Invested Capital	0.92	0.91	-0.23	0.93	0.58	0.94	0.92	0.08	-0.6	0.78	-0.33	0.61	0.91	-0.03	-0.79	0.94	-0.44	0.95	0.91	0.74		0.99	0.68
Net Working Capital	0.93	0.91	-0.3	0.93	0.64	0.95	0.93	0.14	-0.61	0.81	-0.34	0.58	0.9	-0.02	-0.8	0.95	-0.45	0.93	0.93	0.71	0.99		0.63
Capital Stock	0.69	0.69	0.16	0.69	0.11	0.5	0.65	-0.24	-0.44	0.3	-0.2	0.63	0.77	-0.11	-0.44	0.72	-0.35	0.71	0.56	0.91	0.68	0.63

Click cells to compare fundamentals

In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Competition

Predict Johnson Outdoors

In accordance with the recently published financial statements, Johnson Outdoors has a Beta of 0.709. This is 15.6% lower than that of the Leisure Products sector and 24.57% lower than that of the Consumer Discretionary industry. The beta for all United States stocks is notably lower than that of the firm.

Johnson Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Johnson Outdoors' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Johnson Outdoors could also be used in its relative valuation, which is a method of valuing Johnson Outdoors by comparing valuation metrics of similar companies.

Johnson Outdoors is currently under evaluation in beta category among its peers.

Johnson Outdoors ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Johnson Outdoors' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Johnson Outdoors' managers, analysts, and investors.

Environmental

Governance

Social

Johnson Outdoors Institutional Holders

Institutional Holdings refers to the ownership stake in Johnson Outdoors that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Johnson Outdoors' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Johnson Outdoors' value.

		Shares
State Street Corp	2024-06-30	149.5 K
Geode Capital Management, Llc	2024-06-30	133.5 K
Renaissance Technologies Corp	2024-09-30	128 K
Acadian Asset Management Llc	2024-06-30	122.8 K
New York State Common Retirement Fund	2024-09-30	83.3 K
Kennedy Capital Management Inc	2024-06-30	81.9 K
Rice Hall James & Associates, Llc	2024-09-30	72.2 K
Bank Of New York Mellon Corp	2024-06-30	64.5 K
Invenomic Capital Management, Lp	2024-06-30	59.9 K
Johnson Financial Group Inc	2024-06-30	1.7 M
Dimensional Fund Advisors, Inc.	2024-09-30	549.4 K

As returns on the market increase, Johnson Outdoors' returns are expected to increase less than the market. However, during the bear market, the loss of holding Johnson Outdoors is expected to be smaller as well.

Johnson Fundamentals

	Return On Equity	-0.0162
	Return On Asset	-0.021
	Profit Margin	(0.01) %
	Operating Margin	(0) %
	Current Valuation	228.74 M
	Shares Outstanding	9.1 M
	Shares Owned By Insiders	9.44 %
	Shares Owned By Institutions	81.74 %
	Number Of Shares Shorted	425.5 K
	Price To Earning	8.34 X
	Price To Book	0.65 X
	Price To Sales	0.56 X
	Revenue	663.84 M
	Gross Profit	271.33 M
	EBITDA	28.04 M
	Net Income	19.53 M
	Cash And Equivalents	117.57 M
	Cash Per Share	11.65 X
	Total Debt	52.34 M
	Debt To Equity	0.11 %
	Current Ratio	4.11 X
	Book Value Per Share	48.92 X
	Cash Flow From Operations	41.71 M
	Short Ratio	14.01 X
	Earnings Per Share	(0.83) X
	Price To Earnings To Growth	1.57 X
	Target Price	52.0
	Number Of Employees	1.4 K
	Beta	0.71
	Market Capitalization	326.34 M
	Total Asset	681.61 M
	Retained Earnings	409.57 M
	Working Capital	354.65 M
	Current Asset	201.97 M
	Current Liabilities	67.65 M
	Annual Yield	0.04 %
	Five Year Return	0.87 %
	Net Asset	681.61 M
	Last Dividend Paid	1.32

About Johnson Outdoors Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Johnson Outdoors's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Johnson Outdoors using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Johnson Outdoors based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Johnson Stock Analysis

When running Johnson Outdoors' price analysis, check to measure Johnson Outdoors' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Johnson Outdoors is operating at the current time. Most of Johnson Outdoors' value examination focuses on studying past and present price action to predict the probability of Johnson Outdoors' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Johnson Outdoors' price. Additionally, you may evaluate how the addition of Johnson Outdoors to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC