JOHN BEAN TECHNOLOGIES CORP (JBT) Stock Fundamental Analysis
NYSE:JBT - New York Stock Exchange, Inc. - US4778391049 - Common Stock - Currency: USD
JBT gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 128 industry peers in the Machinery industry. Both the profitability and the financial health of JBT get a neutral evaluation. Nothing too spectacular is happening here. While showing a medium growth rate, JBT is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
JBT had positive earnings in the past year.
In the past year JBT had a positive cash flow from operations.
In the past 5 years JBT has always been profitable.
In the past 5 years JBT always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of JBT (5.41%) is comparable to the rest of the industry.
With a Return On Equity value of 9.51%, JBT perfoms like the industry average, outperforming 56.59% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 6.03%, JBT is in line with its industry, outperforming 44.19% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for JBT is below the industry average of 10.69%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.41% | ||
| ROE | 9.51% | ||
| ROIC | 6.03% |
ROA(3y)10.75%
ROA(5y)9%
ROE(3y)23.39%
ROE(5y)21.98%
ROIC(3y)6.59%
ROIC(5y)8.56%
1.3 Margins
JBT has a Profit Margin of 8.91%. This is in the better half of the industry: JBT outperforms 65.12% of its industry peers.
In the last couple of years the Profit Margin of JBT has grown nicely.
JBT has a Operating Margin of 9.65%. This is comparable to the rest of the industry: JBT outperforms 49.61% of its industry peers.
In the last couple of years the Operating Margin of JBT has remained more or less at the same level.
The Gross Margin of JBT (36.07%) is better than 63.57% of its industry peers.
JBT's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.65% | ||
| PM (TTM) | 8.91% | ||
| GM | 36.07% |
OM growth 3Y1.54%
OM growth 5Y1.19%
PM growth 3Y77.14%
PM growth 5Y45.2%
GM growth 3Y4.64%
GM growth 5Y4.67%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so JBT is destroying value.
Compared to 1 year ago, JBT has about the same amount of shares outstanding.
JBT has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, JBT has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.88 indicates that JBT is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.88, JBT is in the better half of the industry, outperforming 62.02% of the companies in the same industry.
The Debt to FCF ratio of JBT is 14.97, which is on the high side as it means it would take JBT, 14.97 years of fcf income to pay off all of its debts.
JBT has a worse Debt to FCF ratio (14.97) than 61.24% of its industry peers.
JBT has a Debt/Equity ratio of 0.41. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.41, JBT is in line with its industry, outperforming 51.94% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | 14.97 | ||
| Altman-Z | 3.88 |
ROIC/WACC0.66
WACC9.08%
2.3 Liquidity
A Current Ratio of 2.55 indicates that JBT has no problem at all paying its short term obligations.
The Current ratio of JBT (2.55) is better than 68.22% of its industry peers.
A Quick Ratio of 2.00 indicates that JBT should not have too much problems paying its short term obligations.
JBT has a better Quick ratio (2.00) than 76.74% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.55 | ||
| Quick Ratio | 2 |
3. Growth
3.1 Past
JBT shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.43%.
The Earnings Per Share has been growing slightly by 0.60% on average over the past years.
The Revenue has decreased by -6.92% in the past year.
Measured over the past years, JBT shows a decrease in Revenue. The Revenue has been decreasing by -2.81% on average per year.
EPS 1Y (TTM)6.43%
EPS 3Y3.82%
EPS 5Y0.6%
EPS Q2Q%35.14%
Revenue 1Y (TTM)-6.92%
Revenue growth 3Y-1.24%
Revenue growth 5Y-2.81%
Sales Q2Q%12.44%
3.2 Future
The Earnings Per Share is expected to grow by 22.70% on average over the next years. This is a very strong growth
JBT is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 16.13% yearly.
EPS Next Y19.3%
EPS Next 2Y13.45%
EPS Next 3Y13.18%
EPS Next 5Y22.7%
Revenue Next Year4.4%
Revenue Next 2Y4.4%
Revenue Next 3Y13.06%
Revenue Next 5Y16.13%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 26.11, which means the current valuation is very expensive for JBT.
The rest of the industry has a similar Price/Earnings ratio as JBT.
JBT is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.60, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 22.03, JBT is valued on the expensive side.
JBT's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.39, JBT is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.11 | ||
| Fwd PE | 22.03 |
4.2 Price Multiples
JBT's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of JBT indicates a slightly more expensive valuation: JBT is more expensive than 64.34% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 92.15 | ||
| EV/EBITDA | 16.3 |
4.3 Compensation for Growth
JBT's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of JBT may justify a higher PE ratio.
A more expensive valuation may be justified as JBT's earnings are expected to grow with 13.18% in the coming years.
PEG (NY)1.35
PEG (5Y)43.6
EPS Next 2Y13.45%
EPS Next 3Y13.18%
5. Dividend
5.1 Amount
With a yearly dividend of 0.32%, JBT is not a good candidate for dividend investing.
JBT's Dividend Yield is comparable with the industry average which is at 1.91.
With a Dividend Yield of 0.32, JBT pays less dividend than the S&P500 average, which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.32% |
5.2 History
The dividend of JBT decreases each year by -0.61%.
JBT has been paying a dividend for at least 10 years, so it has a reliable track record.
JBT has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)-0.61%
Div Incr Years0
Div Non Decr Years15
5.3 Sustainability
8.42% of the earnings are spent on dividend by JBT. This is a low number and sustainable payout ratio.
DP8.42%
EPS Next 2Y13.45%
EPS Next 3Y13.18%
125.32
-1.78 (-1.4%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners108.86%
Inst Owner Change8.55%
Ins Owners1.15%
Ins Owner Change0%
Market Cap3.99B
Analysts74
Price Target131.58 (5%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.32% |
Yearly Dividend0.4
Dividend Growth(5Y)-0.61%
DP8.42%
Div Incr Years0
Div Non Decr Years15
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-5.4%
Min EPS beat(2)-16.5%
Max EPS beat(2)5.7%
EPS beat(4)2
Avg EPS beat(4)-2.32%
Min EPS beat(4)-16.5%
Max EPS beat(4)5.7%
EPS beat(8)6
Avg EPS beat(8)4.41%
EPS beat(12)8
Avg EPS beat(12)5.8%
EPS beat(16)11
Avg EPS beat(16)6.3%
Revenue beat(2)1
Avg Revenue beat(2)-3.16%
Min Revenue beat(2)-7.92%
Max Revenue beat(2)1.61%
Revenue beat(4)1
Avg Revenue beat(4)-2.4%
Min Revenue beat(4)-7.92%
Max Revenue beat(4)1.61%
Revenue beat(8)1
Avg Revenue beat(8)-6.14%
Revenue beat(12)2
Avg Revenue beat(12)-4.41%
Revenue beat(16)4
Avg Revenue beat(16)-3.29%
PT rev (1m)10.26%
PT rev (3m)16.92%
EPS NQ rev (1m)0%
EPS NQ rev (3m)5.56%
EPS NY rev (1m)-0.51%
EPS NY rev (3m)1.18%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.56%
Revenue NY rev (1m)-0.06%
Revenue NY rev (3m)0.63%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.11 | ||
| Fwd PE | 22.03 | ||
| P/S | 2.36 | ||
| P/FCF | 92.15 | ||
| P/OCF | 49.82 | ||
| P/B | 2.52 | ||
| P/tB | 9.06 | ||
| EV/EBITDA | 16.3 |
EPS(TTM)4.8
EY3.83%
EPS(NY)5.69
Fwd EY4.54%
FCF(TTM)1.36
FCFY1.09%
OCF(TTM)2.52
OCFY2.01%
SpS53.17
BVpS49.78
TBVpS13.83
PEG (NY)1.35
PEG (5Y)43.6
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.41% | ||
| ROE | 9.51% | ||
| ROCE | 7.05% | ||
| ROIC | 6.03% | ||
| ROICexc | 7.84% | ||
| ROICexgc | 21.95% | ||
| OM | 9.65% | ||
| PM (TTM) | 8.91% | ||
| GM | 36.07% | ||
| FCFM | 2.56% |
ROA(3y)10.75%
ROA(5y)9%
ROE(3y)23.39%
ROE(5y)21.98%
ROIC(3y)6.59%
ROIC(5y)8.56%
ROICexc(3y)7.41%
ROICexc(5y)9.2%
ROICexgc(3y)24.25%
ROICexgc(5y)27.38%
ROCE(3y)7.7%
ROCE(5y)10%
ROICexcg growth 3Y-1.48%
ROICexcg growth 5Y-6.31%
ROICexc growth 3Y-9.03%
ROICexc growth 5Y-13.56%
OM growth 3Y1.54%
OM growth 5Y1.19%
PM growth 3Y77.14%
PM growth 5Y45.2%
GM growth 3Y4.64%
GM growth 5Y4.67%
F-Score5
Asset Turnover0.61
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | 14.97 | ||
| Debt/EBITDA | 2.57 | ||
| Cap/Depr | 41.58% | ||
| Cap/Sales | 2.17% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 31.81% | ||
| Profit Quality | 28.71% | ||
| Current Ratio | 2.55 | ||
| Quick Ratio | 2 | ||
| Altman-Z | 3.88 |
F-Score5
WACC9.08%
ROIC/WACC0.66
Cap/Depr(3y)81.03%
Cap/Depr(5y)69.73%
Cap/Sales(3y)4.11%
Cap/Sales(5y)3.25%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)6.43%
EPS 3Y3.82%
EPS 5Y0.6%
EPS Q2Q%35.14%
EPS Next Y19.3%
EPS Next 2Y13.45%
EPS Next 3Y13.18%
EPS Next 5Y22.7%
Revenue 1Y (TTM)-6.92%
Revenue growth 3Y-1.24%
Revenue growth 5Y-2.81%
Sales Q2Q%12.44%
Revenue Next Year4.4%
Revenue Next 2Y4.4%
Revenue Next 3Y13.06%
Revenue Next 5Y16.13%
EBIT growth 1Y-4.22%
EBIT growth 3Y0.29%
EBIT growth 5Y-1.65%
EBIT Next Year78.8%
EBIT Next 3Y46.69%
EBIT Next 5Y33.26%
FCF growth 1Y-15.26%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-41.53%
OCF growth 3Y-46.04%
OCF growth 5Y-23.78%