Johnson Outdoors Inc

Consumer Discretionary
Recreational Games/Products/Toys
www.johnsonoutdoors.com

Earnings Score
Moat Score
Safety Score

Market Cap $245.24M
PE -5
Debt $0.00
Cash $89.64M
EV $155.61M
FCF $34.99M

Earnings

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Sales & Net Margins

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Earnings	-$45.63M
EBIT	-$53.54M
ROE	-10%
ROA	-9%
FCF	$34.99M
Equity	$441.10M
Growth Stability	-54%
PE	-5.37
PEG	0.46
PB	0.56
P/FCF	7.01
P/S	0.44
Price/Cash	0.37
Debt/Equity	0
Debt/FCF	0
Net Margins	-5%
Gross Margins	32%
Op. Margins	-10%
Earnings CAGR	1%
Sales Growth YoY	-4%
Sales Growth QoQ	56%
Sales CAGR	4%
FCF CAGR	-2%
Equity CAGR	12%
Earnings Stability	0
Earnings Growth YoY	7%
Earnings Growth QoQ	-115%
Earnings CAGR 5Y	-12%

Sales CAGR 5Y	-1%
FCF CAGR 5Y	-8%
Equity CAGR 5Y	4%
Earnings CAGR 3Y	-12%
Sales CAGR 3Y	-12%
FCF CAGR 3Y	4%
Equity CAGR 3Y	-4%
Market Cap	$245.24M
Revenue	$554.34M
Dividend Yield	5%
Payout Ratio	-30%
Assets	$624.47M
Total Debt	$0.00
Cash	$89.64M
Shares Outstanding	10.27M
EV	155.61M
Earnings Score	6%
Moat Score	8%
Safety Score	67%
Final Score	27%
Working Capital	302.25M
Current Ratio	3.88
Gross Profit	$177.74M
Shares Growth 3y	0%
Equity Growth QoQ	0%
Equity Growth YoY	-12%

Assets & ROA

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Stockholders Equity & ROE

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Johnson Outdoors Inc is a global manufacturer and marketer of branded seasonal, outdoor recreation products. The company's operating segment includes Fishing; Camping; Watercraft Recreation, Diving, and Others. It generates maximum revenue from the Fishing segment. Geographically, it derives a majority of revenue from the United States and also has a presence in Europe, Canada, and Other Countries. Its Fishing brands include Minn Kota; Humminbird and Cannon.

SEC Filings

Direct access to Johnson Outdoors Inc (JOUT) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-Q Mar 28
2024
- 10-Q Dec 27
- 10-K Sep 27
- 10-Q Jun 28
- 10-Q Mar 29
2023
- 10-Q Dec 29
- 10-K Sep 29
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Johnson Outdoors Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Johnson Outdoors Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 1%

Stability 0%

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Johnson Outdoors Inc Discounted Cash Flow

Fully customizable DCF calculator online for Johnson Outdoors Inc.

Years

Calculation mode

= $307M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$35M	$34M	$34M	$33M	$32M	$32M	$31M	$31M	$30M	$29M	$29M	$288M
DCF		$31M	$28M	$25M	$22M	$20M	$18M	$16M	$14M	$12M	$11M	$111M
Value	$307M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	10/2015	09/2016	09/2017	09/2018	09/2019	10/2020	09/2021	09/2022	09/2023	09/2024	TTM
Net Margins	2%	3%	7%	7%	9%	9%	11%	6%	3%	-4%	-5%
ROA	-	8%	14%	17%	15%	14%	17%	10%	4%	-5%	-9%
ROE	-	7%	14%	15%	16%	15%	18%	9%	4%	-6%	-10%

Bad Net Margins (-4.71%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	10/2015	09/2016	09/2017	09/2018	09/2019	10/2020	09/2021	09/2022	09/2023	09/2024	TTM
Debt over FCF	-	0.24	0	0	0	0	0	-0	0	0	0
Debt over Equity	0.04	0.04	0	0	0	0	0	0	0	0	0
Growth Stability	-	-	-	100%	100%	100%	100%	70%	32%	-54%	-54%

Good Debt/FCF ratio (0)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-54%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	10/2015	09/2016	09/2017	09/2018	09/2019	10/2020	09/2021	09/2022	09/2023	09/2024	CAGR 5Y
Revenue YoY growth	-	1%	13%	11%	3%	6%	26%	-1%	-11%	-11%	-1%
Earnings YoY growth	-	27%	160%	16%	26%	7%	51%	-47%	-56%	-237%	-12%
Equity YoY growth	-	5%	17%	15%	16%	17%	21%	6%	2%	-7%	4%
FCF YoY growth	-	315%	9%	27%	-34%	58%	-20%	-354%	-120%	-0%	-8%