JOHN BEAN TECHNOLOGIES CORP (JBT) Stock Fundamental Analysis
NYSE:JBT - New York Stock Exchange, Inc. - US4778391049 - Common Stock - Currency: USD
Taking everything into account, JBT scores 5 out of 10 in our fundamental rating. JBT was compared to 128 industry peers in the Machinery industry. JBT has only an average score on both its financial health and profitability. JBT is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
JBT had positive earnings in the past year.
JBT had a positive operating cash flow in the past year.
In the past 5 years JBT has always been profitable.
Each year in the past 5 years JBT had a positive operating cash flow.
1.2 Ratios
JBT has a Return On Assets of 5.41%. This is comparable to the rest of the industry: JBT outperforms 58.91% of its industry peers.
Looking at the Return On Equity, with a value of 9.51%, JBT is in line with its industry, outperforming 56.59% of the companies in the same industry.
JBT has a Return On Invested Capital of 6.03%. This is comparable to the rest of the industry: JBT outperforms 44.19% of its industry peers.
JBT had an Average Return On Invested Capital over the past 3 years of 6.59%. This is below the industry average of 10.71%.
| 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's Profit Margin of 8.91% is fine compared to the rest 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.
JBT has a better Gross Margin (36.07%) than 63.57% of its industry peers.
In the last couple of years the Gross Margin of JBT has grown nicely.
| 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.
The number of shares outstanding for JBT remains at a similar level compared to 1 year ago.
Compared to 5 years ago, JBT has more shares outstanding
JBT has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.88 indicates that JBT is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 3.88, JBT is doing good in the industry, outperforming 62.02% of the companies in the same industry.
JBT has a debt to FCF ratio of 14.97. This is a negative value and a sign of low solvency as JBT would need 14.97 years to pay back of all of its debts.
JBT's Debt to FCF ratio of 14.97 is on the low side compared to the rest of the industry. JBT is outperformed by 61.24% of its industry peers.
A Debt/Equity ratio of 0.41 indicates that JBT is not too dependend on debt financing.
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.
JBT's Current ratio of 2.55 is fine compared to the rest of the industry. JBT outperforms 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's Quick ratio of 2.00 is fine compared to the rest of the industry. JBT outperforms 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%.
JBT shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.60% yearly.
Looking at the last year, JBT shows a decrease in Revenue. The Revenue has decreased by -6.92% in the last year.
JBT shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -2.81% yearly.
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
The Revenue is expected to grow by 16.13% on average over the next years. This is quite good.
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
JBT is valuated quite expensively with a Price/Earnings ratio of 26.11.
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 27.21, which is the current average of the S&P500 Index.
JBT is valuated rather expensively with a Price/Forward Earnings ratio of 22.03.
JBT's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 21.70. JBT is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.11 | ||
| Fwd PE | 22.03 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of JBT is on the same level as its industry peers.
64.34% of the companies in the same industry are cheaper than JBT, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 92.15 | ||
| EV/EBITDA | 16.3 |
4.3 Compensation for Growth
The 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.
JBT's earnings are expected to grow with 13.18% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.35
PEG (5Y)43.6
EPS Next 2Y13.45%
EPS Next 3Y13.18%
5. Dividend
5.1 Amount
JBT has a yearly dividend return of 0.32%, which is pretty low.
Compared to an average industry Dividend Yield of 1.88, JBT has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.42, JBT's dividend is way lower than the S&P500 average.
| 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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-0.61%
Div Incr Years0
Div Non Decr Years15
5.3 Sustainability
JBT pays out 8.42% of its income as dividend. This is a 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%