Financials Johnson Service Group PLC BOERSE MUENCHEN

Equities

5K7

GB0004762810

Textiles & Leather Goods

Market Closed - BOERSE MUENCHEN Other stock markets 20:43:05 31/05/2024 BST			5-day change	1st Jan Change
1.95 ^EUR	+0.52%		-1.02%	+18.90%

05-13	The momentum keeps going
05-13	HSBC Initiates Johnson Service Group Coverage at Buy	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	722.2	620.1	655.3	424.2	585	691.7	-	-
Enterprise Value (EV) ¹	849.9	653.7	715.4	424.2	689.9	787.4	752.2	717.6
P/E ratio	23.6 x	-21.2 x	98.4 x	14.9 x	22.1 x	19.2 x	15.9 x	13.9 x
Yield	0.59%	-	-	-	1.98%	2.24%	2.66%	3.01%
Capitalization / Revenue	2.06 x	2.7 x	2.41 x	1.1 x	1.26 x	1.35 x	1.29 x	1.24 x
EV / Revenue	2.42 x	2.84 x	2.64 x	1.1 x	1.48 x	1.53 x	1.41 x	1.29 x
EV / EBITDA	7.14 x	10 x	10.5 x	4.04 x	5.25 x	5.21 x	4.57 x	4.09 x
EV / FCF	21.7 x	40.9 x	-33.4 x	-	24.3 x	29.5 x	15.1 x	12.5 x
FCF Yield	4.6%	2.45%	-2.99%	-	4.12%	3.39%	6.63%	8.01%
Price to Book	3.49 x	2.26 x	2.41 x	-	2.1 x	2.31 x	2.13 x	1.96 x
Nbr of stocks (in thousands)	368,458	442,916	443,961	437,748	413,120	413,215	-	-
Reference price ²	1.960	1.400	1.476	0.9690	1.416	1.674	1.674	1.674
Announcement Date	02/03/20	19/03/21	08/03/22	07/03/23	05/03/24	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	350.6	229.8	271.4	385.7	465.3	513.7	535.2	557.4
EBITDA ¹	119	65.3	67.9	104.9	131.5	151	164.6	175.6
EBIT ¹	52.8	-12.1	12.7	41.2	50.5	60.88	70.37	78.02
Operating Margin	15.06%	-5.27%	4.68%	10.68%	10.85%	11.85%	13.15%	14%
Earnings before Tax (EBT) ¹	38.1	-32.3	5.1	30.3	37.6	47.43	57.53	65.4
Net income ¹	30.9	-27.1	6.6	29	27.3	36.23	43.98	49.63
Net margin	8.81%	-11.79%	2.43%	7.52%	5.87%	7.05%	8.22%	8.9%
EPS ²	0.0830	-0.0660	0.0150	0.0650	0.0640	0.0871	0.1055	0.1208
Free Cash Flow ¹	39.1	16	-21.4	-	28.4	26.72	49.84	57.5
FCF margin	11.15%	6.96%	-7.89%	-	6.1%	5.2%	9.31%	10.32%
FCF Conversion (EBITDA)	32.86%	24.5%	-	-	21.6%	17.69%	30.27%	32.74%
FCF Conversion (Net income)	126.54%	-	-	-	104.03%	73.76%	113.32%	115.86%
Dividend per Share ²	0.0115	-	-	-	0.0280	0.0375	0.0445	0.0503
Announcement Date	02/03/20	19/03/21	08/03/22	07/03/23	05/03/24	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2020 S1	2020 S2	2021 S1	2021 S2	2023 S1	2023 S2
Net sales ¹	-	115	-	171.8	-	250.3
EBITDA	-	-	-	-	-	-
EBIT ¹	-	-	-	22.3	-	31.5
Operating Margin	-	-	-	12.98%	-	12.58%
Earnings before Tax (EBT)	-	-	-	-	-	-
Net income	-16.1	-	-	-	10	-
Net margin	-	-	-	-	-	-
EPS	-0.0420	-	-0.0250	-	0.0230	-
Dividend per Share	-	-	-	-	-	-
Announcement Date	02/09/20	19/03/21	01/09/21	08/03/22	05/09/23	05/03/24

¹GBP in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	128	33.6	60.1	-	105	95.7	60.5	25.9
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.073 x	0.5145 x	0.8851 x	-	0.7977 x	0.6334 x	0.3676 x	0.1473 x
Free Cash Flow ¹	39.1	16	-21.4	-	28.4	26.7	49.8	57.5
ROE (net income / shareholders' equity)	19.7%	-5.96%	3.76%	-	11.7%	13.1%	14.6%	15.4%
ROA (Net income/ Total Assets)	-	-	-	-	-	5.85%	6.88%	7.51%
Assets ¹	-	-	-	-	-	619.7	638.9	660.6
Book Value Per Share ²	0.5600	0.6200	0.6100	-	0.6700	0.7200	0.7800	0.8600
Cash Flow per Share ²	0.2900	0.1600	0.1000	-	0.2900	0.3200	0.3400	0.3600
Capex ¹	65.6	48.5	66	-	93	110	96.6	99.3
Capex / Sales	18.71%	21.11%	24.32%	-	19.99%	21.35%	18.05%	17.81%
Announcement Date	02/03/20	19/03/21	08/03/22	07/03/23	05/03/24	-	-	-

¹GBP in Million²GBP

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Johnson Service Group PLC

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.674 GBP

Average target price

1.86 GBP

Spread / Average Target

+11.11%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Textiles & Leather Goods Wholesale

	1st Jan change	Capi.
JIANGSU GUOTAI INTERNATIONAL GROUP CO., LTD.	-3.83%	1.69B
NANJING BUSINESS & TOURISM CORP.,LTD.	-30.99%	350M
HUNAN HUASHENGCO.,LTD	-24.59%	206M
SHANGHAI SANMAO ENTERPRISE (GROUP) CO., LTD.	-33.62%	181M
GSI CREOS CORPORATION	-0.27%	170M
TCC CONCEPT LIMITED	+169.13%	151M
SANKO PAZARLAMA ITHALAT IHRACAT ANONIM SIRKETI	+52.34%	135M
YAGI & CO.,LTD.	+29.20%	106M

Textiles & Leather Goods Wholesale