Johnson Outdoors holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had -0.11% of return per unit of risk over the last 3 months. Macroaxis standpoint towards determining the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and
technical indicators. Johnson Outdoors exposes twenty-eight different
technical indicators, which can help you to evaluate volatility that cannot be
diversified away. Please be advised to check out Johnson Outdoors
market risk adjusted performance of
(0.17), and Risk Adjusted Performance of
(0.07) to validate the risk estimate we provide.
Typically, a company's
financial statements are the reports that show the
financial position of the company. There are three main documents that fall into the category of financial statements. These documents include Johnson Outdoors income statement, its balance sheet, and the statement of cash flows. Potential Johnson Outdoors investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Johnson Outdoors investors may use each financial statement separately, they are all related. The changes in Johnson Outdoors's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Johnson Outdoors's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our
technical analysis and
fundamental analysis pages.
The goal of Johnson Outdoors
fundamental analysis is to do accurate financial forecasts. There are several possible objectives to fundamental analysis, such as projecting of Johnson Outdoors performance into the future periods or doing a reasonable stock valuation. The intrinsic value of Johnson Outdoors shares is the value that is considered the true value of the share. If
the intrinsic value of Johnson is higher than its market price, buying is generally recommended. If it is equal to the market price, it is recommended to hold; and if it is less than the market price, then one should sell all shares Johnson Outdoors. Please read more on our
fundamental analysis page.
How effective is Johnson Outdoors in utilizing its assets?
Johnson Outdoors reports assets on its Balance Sheet. It represents the amount of Johnson resources that either has an existing economic value or will provide some form of benefits in the future. By effectively utilizing its assets, Johnson Outdoors aims to generate revenue, control costs, drive operational efficiency, and enhance profitability. Optimizing asset utilization helps maximize shareholder value and maintain a competitive position in the Leisure Products space. To get a better handle on how balance sheet or income statements item affect Johnson volatility, please check the breakdown of all its
fundamentals.
Are Johnson Outdoors Earnings Expected to grow?
The
future earnings power of Johnson Outdoors involves the interaction of many company-specific, industry, and economic forces. Earnings estimates embody investors' opinions of Johnson Outdoors factors such as sales growth, product demand, competitive industry environment, profit margins, and cost controls. Johnson Outdoors
stock prices adjust as these expectations change or are proven wrong. The main thing to remember is that equities with high expected earnings growth tend to underperform the market because it is usually difficult to meet the market's high expectations. Companies with low earnings expectations tend to do better than expected. Please use our latest analysis of Johnson
expected earnings.
And What about dividends?
A dividend is the distribution of a portion of Johnson Outdoors earnings, decided and managed by the company's board of directors and paid to a class of its shareholders. Note, announcements of dividend payouts are generally accompanied by a proportional increase or decrease in a company's stock price. Johnson Outdoors dividend payments follow a chronological order of events, and the associated dates are important to determine the shareholders who qualify for receiving the dividend payment. Johnson one year expected dividend income is about USD0.83 per share.
At this time, Johnson Outdoors'
Dividends Paid is comparatively stable compared to the past year.
Dividend Yield is likely to gain to 0.02 in 2024, whereas
Dividend Payout Ratio is likely to drop 0.14 in 2024.
Investing in dividend-paying stocks, such as Johnson Outdoors is one of the few strategies that are good for long-term investment. Ex-dividend dates are significant because investors in Johnson Outdoors must own a stock before its ex-dividend date to receive its next dividend.
This type of analysis is very useful when you want to generate a past dividend schedule and payout information for Johnson Outdoors. Then that information in the form of graph and calendar can be used to fully explain how Du Pont dividends can provide a real clue to its valuation.
Johnson Outdoors Gross Profit
Johnson Outdoors Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Johnson Outdoors previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Johnson Outdoors Gross Profit growth over the last 10 years. Please check Johnson Outdoors'
gross profit and other
fundamental indicators for more details.
Detailed Outlook On Johnson Outdoors
Institutional investors typically avoid acquiring a high percentage of Johnson Outdoors stocks because performing such an act may violate securities laws. They are usually not investing their own money, but rather making investments on behalf of their clients. Let's take a look at how the ownership of Johnson is distributed among investors.
Ownership Allocation
Johnson Outdoors secures a total of 8.91 Million outstanding shares. The majority of Johnson Outdoors
outstanding shares are owned by
outside corporations. These institutional investors are usually referred to as non-private investors looking to purchase positions in Johnson Outdoors to benefit from reduced commissions. Consequently, third-party entities are subject to a different set of regulations than regular investors in Johnson Outdoors. Please pay attention to any change in the institutional holdings of Johnson Outdoors as this could imply that something significant has changed or about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
| Retail Investors15.62% | Insiders8.33% | Institutions76.05% |
| Retail Investors | 15.62 |
| Insiders | 8.33 |
| Institutions | 76.05 |
Asset Utilization
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Johnson Outdoors has an asset utilization ratio of 217.51 percent. This implies that the company is making $2.18 for each dollar of assets. An increasing asset utilization means that Johnson Outdoors is more efficient with each dollar of assets it utilizes for everyday operations.
| Current Assets244.3 M | Assets Non Current118.2 M | | |
| Current Assets | 244.31 Million | 60.52 |
| Assets Non Current | 118.24 Million | 29.29 |
| Goodwill | 23.8 Million | 5.9 |
| Tax Assets | 17.35 Million | 4.3 |
Another setback for Johnson Outdoors private investors
Newest standard deviation is at 1.62. Johnson Outdoors exhibits very low volatility with skewness of 0.34 and kurtosis of -0.12. However, we advise investors to further study Johnson Outdoors technical indicators to make sure all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Johnson Outdoors' stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Johnson Outdoors' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.
Johnson Outdoors Implied Volatility
Johnson Outdoors' implied volatility exposes the market's sentiment of Johnson Outdoors stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Johnson Outdoors' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Johnson Outdoors stock will not fluctuate a lot when Johnson Outdoors' options are near their expiration.
The Bottom Line
Whereas other companies in the leisure industry are either recovering or due for a correction, Johnson may not be as strong as the others in terms of longer-term growth potentials. While some private investors may not share our view, we believe it may be a good time to increase your existing holdings in Johnson as the risk-reward trade off is appealing enough to hold a position. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Johnson Outdoors.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectEditorial Staff
Vlad Skutelnik is a Macroaxis Contributor. Vlad covers stocks, funds, cryptocurrencies, and ETFs that are traded in North America, focusing primarily on fundamentals, valuation and market volatility. He has many years of experience in fintech, predictive investment analytics, and risk management.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of Johnson Outdoors. Please refer to our
Terms of Use for any information regarding our disclosure principles.
Would you like to provide feedback on the content of this article?
You can get in touch with us directly or send us a quick note via email to
editors@macroaxis.com