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JOURNEY ENERGY INC (JOY.CA) Stock Fundamental Analysis

TSX:JOY - Toronto Stock Exchange - CA48113W1023 - Common Stock - Currency: CAD

1.92  -0.01 (-0.52%)

Fundamental Rating

3

Taking everything into account, JOY scores 3 out of 10 in our fundamental rating. JOY was compared to 214 industry peers in the Oil, Gas & Consumable Fuels industry. There are concerns on the financial health of JOY while its profitability can be described as average. JOY is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

JOY had positive earnings in the past year.
JOY had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: JOY reported negative net income in multiple years.
Each year in the past 5 years JOY had a positive operating cash flow.
JOY.CA Yearly Net Income VS EBIT VS OCF VS FCFJOY.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M 100M -100M 150M

1.2 Ratios

JOY has a Return On Assets of 0.84%. This is comparable to the rest of the industry: JOY outperforms 45.77% of its industry peers.
JOY's Return On Equity of 1.54% is in line compared to the rest of the industry. JOY outperforms 46.27% of its industry peers.
The Return On Invested Capital of JOY (2.47%) is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for JOY is in line with the industry average of 7.73%.
The last Return On Invested Capital (2.47%) for JOY is well below the 3 year average (7.19%), which needs to be investigated, but indicates that JOY had better years and this may not be a problem.
Industry RankSector Rank
ROA 0.84%
ROE 1.54%
ROIC 2.47%
ROA(3y)18.21%
ROA(5y)5.17%
ROE(3y)59.02%
ROE(5y)N/A
ROIC(3y)7.19%
ROIC(5y)N/A
JOY.CA Yearly ROA, ROE, ROICJOY.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100 -100 200

1.3 Margins

JOY's Profit Margin of 2.87% is in line compared to the rest of the industry. JOY outperforms 49.25% of its industry peers.
With a Operating Margin value of 9.33%, JOY perfoms like the industry average, outperforming 48.26% of the companies in the same industry.
With a Gross Margin value of 47.80%, JOY perfoms like the industry average, outperforming 58.21% of the companies in the same industry.
JOY's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 9.33%
PM (TTM) 2.87%
GM 47.8%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y10.12%
GM growth 5Y-0.51%
JOY.CA Yearly Profit, Operating, Gross MarginsJOY.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50 -50 -100

3

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so JOY is destroying value.
JOY has more shares outstanding than it did 1 year ago.
JOY has more shares outstanding than it did 5 years ago.
The debt/assets ratio for JOY has been reduced compared to a year ago.
JOY.CA Yearly Shares OutstandingJOY.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M
JOY.CA Yearly Total Debt VS Total AssetsJOY.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M

2.2 Solvency

JOY has an Altman-Z score of 0.21. This is a bad value and indicates that JOY is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of JOY (0.21) is worse than 67.66% of its industry peers.
The Debt to FCF ratio of JOY is 6.64, which is on the high side as it means it would take JOY, 6.64 years of fcf income to pay off all of its debts.
JOY's Debt to FCF ratio of 6.64 is fine compared to the rest of the industry. JOY outperforms 68.66% of its industry peers.
JOY has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of JOY (0.11) is better than 66.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 6.64
Altman-Z 0.21
ROIC/WACC0.27
WACC9.13%
JOY.CA Yearly LT Debt VS Equity VS FCFJOY.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M 200M 300M

2.3 Liquidity

JOY has a Current Ratio of 0.65. This is a bad value and indicates that JOY is not financially healthy enough and could expect problems in meeting its short term obligations.
JOY has a worse Current ratio (0.65) than 67.66% of its industry peers.
A Quick Ratio of 0.65 indicates that JOY may have some problems paying its short term obligations.
With a Quick ratio value of 0.65, JOY perfoms like the industry average, outperforming 40.30% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.65
Quick Ratio 0.65
JOY.CA Yearly Current Assets VS Current LiabilitesJOY.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M 100M

1

3. Growth

3.1 Past

JOY shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -94.83%.
Looking at the last year, JOY shows a very negative growth in Revenue. The Revenue has decreased by -13.17% in the last year.
Measured over the past years, JOY shows a quite strong growth in Revenue. The Revenue has been growing by 12.64% on average per year.
EPS 1Y (TTM)-94.83%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-90.91%
Revenue 1Y (TTM)-13.17%
Revenue growth 3Y42.94%
Revenue growth 5Y12.64%
Sales Q2Q%-15.1%

3.2 Future

Based on estimates for the next years, JOY will show a very negative growth in Earnings Per Share. The EPS will decrease by -30.72% on average per year.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y-56%
EPS Next 2Y-30.72%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year11.99%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
JOY.CA Yearly Revenue VS EstimatesJOY.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M
JOY.CA Yearly EPS VS EstimatesJOY.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1 -1 -2 -3

4

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 27.43 indicates a quite expensive valuation of JOY.
JOY's Price/Earnings ratio is in line with the industry average.
JOY is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.12, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 15.84, which indicates a correct valuation of JOY.
JOY's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 94.77. JOY is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 27.43
Fwd PE 15.84
JOY.CA Price Earnings VS Forward Price EarningsJOY.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, JOY is valued cheaply inside the industry as 89.55% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of JOY indicates a somewhat cheap valuation: JOY is cheaper than 66.17% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 12.73
EV/EBITDA 2.95
JOY.CA Per share dataJOY.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4 5

4.3 Compensation for Growth

JOY's earnings are expected to decrease with -30.72% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-30.72%
EPS Next 3YN/A

0

5. Dividend

5.1 Amount

JOY does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

JOURNEY ENERGY INC

TSX:JOY (2/7/2025, 7:00:00 PM)

1.92

-0.01 (-0.52%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-07 2024-11-07/amc
Earnings (Next)N/A N/A
Inst Owners15.91%
Inst Owner ChangeN/A
Ins Owners9.27%
Ins Owner ChangeN/A
Market Cap117.79M
Analysts77.5
Price Target4.53 (135.94%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-33.92%
Min Revenue beat(2)-38.49%
Max Revenue beat(2)-29.35%
Revenue beat(4)0
Avg Revenue beat(4)-29.21%
Min Revenue beat(4)-38.49%
Max Revenue beat(4)-16.19%
Revenue beat(8)0
Avg Revenue beat(8)-21.73%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-13.41%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-55.56%
EPS NY rev (1m)0%
EPS NY rev (3m)83.33%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 27.43
Fwd PE 15.84
P/S 0.68
P/FCF 12.73
P/OCF 2.19
P/B 0.37
P/tB 0.37
EV/EBITDA 2.95
EPS(TTM)0.07
EY3.65%
EPS(NY)0.12
Fwd EY6.31%
FCF(TTM)0.15
FCFY7.85%
OCF(TTM)0.88
OCFY45.63%
SpS2.81
BVpS5.25
TBVpS5.25
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.84%
ROE 1.54%
ROCE 3.11%
ROIC 2.47%
ROICexc 2.54%
ROICexgc 2.54%
OM 9.33%
PM (TTM) 2.87%
GM 47.8%
FCFM 5.36%
ROA(3y)18.21%
ROA(5y)5.17%
ROE(3y)59.02%
ROE(5y)N/A
ROIC(3y)7.19%
ROIC(5y)N/A
ROICexc(3y)7.59%
ROICexc(5y)N/A
ROICexgc(3y)7.59%
ROICexgc(5y)N/A
ROCE(3y)9.07%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y10.12%
GM growth 5Y-0.51%
F-Score5
Asset Turnover0.29
Health
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 6.64
Debt/EBITDA 0.63
Cap/Depr 110.66%
Cap/Sales 25.79%
Interest Coverage 3.91
Cash Conversion 95.46%
Profit Quality 186.57%
Current Ratio 0.65
Quick Ratio 0.65
Altman-Z 0.21
F-Score5
WACC9.13%
ROIC/WACC0.27
Cap/Depr(3y)164.59%
Cap/Depr(5y)114.26%
Cap/Sales(3y)26.61%
Cap/Sales(5y)22.45%
Profit Quality(3y)55.87%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-94.83%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-90.91%
EPS Next Y-56%
EPS Next 2Y-30.72%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-13.17%
Revenue growth 3Y42.94%
Revenue growth 5Y12.64%
Sales Q2Q%-15.1%
Revenue Next Year11.99%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-50.49%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year44.6%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-81.72%
FCF growth 3Y46.81%
FCF growth 5YN/A
OCF growth 1Y-44.76%
OCF growth 3Y70.27%
OCF growth 5Y34.04%