(JOUT) Johnson Outdoors - Overview
Sector: Consumer Cyclical | Industry: Leisure | Exchange: NASDAQ (USA) | Market Cap: 456m USD | Total Return: 65.3% in 12m
Avg Turnover: 3.36M
Qual. Beats: 0
Rev. Trend: -44.0%
Qual. Beats: 3
Warnings
Choppy
Tailwinds
No distinct edge detected
Johnson Outdoors Inc. (JOUT) is a manufacturer of seasonal recreation equipment operating across four primary segments: Fishing, Camping, Watercraft Recreation, and Diving. The company’s portfolio includes established brands such as Minn Kota, Humminbird, Jetboil, and SCUBAPRO. Its business model relies on a multi-channel distribution strategy encompassing specialty retailers, original equipment manufacturers (OEMs), and direct-to-consumer e-commerce platforms.
The Fishing segment is the companys largest revenue driver, focusing on integrated marine electronics and propulsion systems like sonar, GPS, and trolling motors. As a player in the Leisure Products sub-industry, the company is subject to cyclical consumer discretionary spending and seasonal demand patterns typically peaking in the spring and summer months. Innovation in this sector often centers on integrating digital mapping and wireless connectivity into traditional hardware.
The Diving and Watercraft segments further diversify the portfolio into niche markets, providing technical gear such as buoyancy compensators and specialized kayaks for angling. For a detailed breakdown of the companys historical performance and valuation metrics, consider exploring the data on ValueRay. Founded in 1970 and headquartered in Wisconsin, the firm maintains a global footprint with sales operations spanning North America, Europe, and Asia.
- Fishing segment performance drives majority of consolidated revenue and profit margins
- Inventory management and dealer destocking impact short-term cash flow and earnings
- Consumer discretionary spending levels dictate demand for premium outdoor recreation gear
- Innovation cycles in sonar and trolling motor technology influence market share
- Raw material costs and global supply chain stability affect manufacturing margins
| Net Income: -15.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -1.56 > 1.0 |
| NWC/Revenue: 46.78% < 20% (prev 54.52%; Δ -7.74% < -1%) |
| CFO/TA 0.07 > 3% & CFO 44.1m > Net Income -15.2m |
| Net Debt (-61.9m) to EBITDA (35.4m): -1.75 < 3 |
| Current Ratio: 3.48 > 1.5 & < 3 |
| Outstanding Shares: last quarter (10.4m) vs 12m ago 1.08% < -2% |
| Gross Margin: 37.45% > 18% (prev 0.32%; Δ 3.71k% > 0.5%) |
| Asset Turnover: 104.9% > 50% (prev 88.77%; Δ 16.13% > 0%) |
| Interest Coverage Ratio: 68.93 > 6 (EBITDA TTM 35.4m / Interest Expense TTM 214k) |
| A: 0.49 (Total Current Assets 427.7m - Total Current Liabilities 122.8m) / Total Assets 618.3m |
| B: 0.52 (Retained Earnings 321.0m / Total Assets 618.3m) |
| C: 0.02 (EBIT TTM 14.8m / Avg Total Assets 621.4m) |
| D: 1.65 (Book Value of Equity 328.4m / Total Liabilities 199.4m) |
| Altman-Z'' = 6.82 = AAA |
| DSRI: 0.92 (Receivables 126.9m/116.8m, Revenue 651.8m/554.3m) |
| GMI: 0.86 (GM 37.45% / 32.06%) |
| AQI: 0.69 (AQ_t 0.08 / AQ_t-1 0.12) |
| SGI: 1.18 (Revenue 651.8m / 554.3m) |
| TATA: -0.10 (NI -15.2m - CFO 44.1m) / TA 618.3m) |
| Beneish M = -3.37 (Cap -4..+1) = AA |
As of May 30, 2026, the stock is trading at USD 44.76 with a total of 43,314 shares traded.
Over the past week, the price has changed by +4.26%,
over one month by -14.22%,
over three months by -7.10% and
over the past year by +65.32%.
Johnson Outdoors has no consensus analysts rating.
| Analysts Target Price | 55 | 22.9% |
P/E Forward = 58.1395
P/S = 0.7
P/B = 1.0906
P/EG = 4.1538
Revenue TTM = 651.8m USD
EBIT TTM = 14.8m USD
EBITDA TTM = 35.4m USD
Long Term Debt = 37.5m USD (estimated: total debt 46.0m - short term 8.48m)
Short Term Debt = 8.48m USD (from shortTermDebt, last quarter)
Debt = 46.0m USD (from shortLongTermDebtTotal, last quarter) (leases 46.0m already included)
Net Debt = -61.9m USD (calculated: Debt 46.0m - CCE 107.9m)
Enterprise Value = 394.4m USD (456.3m + Debt 46.0m - CCE 107.9m)
Interest Coverage Ratio = 68.93 (Ebit TTM 14.8m / Interest Expense TTM 214k)
EV/FCF = 15.79x (Enterprise Value 394.4m / FCF TTM 25.0m)
FCF Yield = 6.33% (FCF TTM 25.0m / Enterprise Value 394.4m)
FCF Margin = 3.83% (FCF TTM 25.0m / Revenue TTM 651.8m)
Net Margin = -2.33% (Net Income TTM -15.2m / Revenue TTM 651.8m)
Gross Margin = 37.45% ((Revenue TTM 651.8m - Cost of Revenue TTM 407.7m) / Revenue TTM)
Gross Margin QoQ = 38.82% (prev 36.62%)
Tobins Q-Ratio = 0.64 (Enterprise Value 394.4m / Total Assets 618.3m)
Interest Expense / Debt = 0.47% (Interest Expense 214k / Debt 46.0m)
Taxrate = 7.82% (798k / 10.2m)
NOPAT = 13.6m (EBIT 14.8m * (1 - 7.82%))
Current Ratio = 3.48 (Total Current Assets 427.7m / Total Current Liabilities 122.8m)
Debt / Equity = 0.11 (Debt 46.0m / totalStockholderEquity, last quarter 418.9m)
Debt / EBITDA = -1.75 (Net Debt -61.9m / EBITDA 35.4m)
Debt / FCF = -2.48 (Net Debt -61.9m / FCF TTM 25.0m)
Total Stockholder Equity = 425.3m (last 4 quarters mean from totalStockholderEquity)
RoA = -2.45% (Net Income -15.2m / Total Assets 618.3m)
RoE = -3.57% (Net Income TTM -15.2m / Total Stockholder Equity 425.3m)
RoCE = 3.19% (EBIT 14.8m / Capital Employed (Equity 425.3m + L.T.Debt 37.5m))
RoIC = 2.84% (NOPAT 13.6m / Invested Capital 478.1m)
WACC = 8.74% (E(456.3m)/V(502.3m) * Re(9.58%) + D(46.0m)/V(502.3m) * Rd(0.47%) * (1-Tc(0.08)))
Discount Rate = 9.58% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 60.0 | Cagr: 0.71%
[DCF] Terminal Value 71.64% ; FCFF base≈29.0m ; Y1≈25.4m ; Y5≈20.5m
[DCF] Fair Price = 40.08 (EV 309.6m - Net Debt -61.9m = Equity 371.5m / Shares 9.27m; r=8.74% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.02 | # QB: 0
Revenue Correlation: -44.03 | Revenue CAGR: -4.32% | SUE: 0.90 | # QB: 3
EPS current Quarter (2026-06-30): EPS=0.68 | Chg30d=-33.98% | Revisions=-20% | Analysts=1
EPS current Year (2026-09-30): EPS=0.75 | Chg30d=-34.78% | Revisions=-20% | GrowthEPS=+122.4% | GrowthRev=+10.1%
EPS next Year (2027-09-30): EPS=2.35 | Chg30d=-2.89% | Revisions=-20% | GrowthEPS=+213.3% | GrowthRev=+4.7%