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Jerash Holdings (US) Inc
NASDAQ:JRSH

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Jerash Holdings (US) Inc Logo
Jerash Holdings (US) Inc
NASDAQ:JRSH
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Price: 3.06 USD 0.16% Market Closed
Updated: Mar 29, 2024

Intrinsic Value

Jerash Holdings (US), Inc. operates as a holding company. [ Read More ]

The intrinsic value of one JRSH stock under the Base Case scenario is 6.27 USD. Compared to the current market price of 3.06 USD, Jerash Holdings (US) Inc is Undervalued by 51%.

Key Points:
JRSH Intrinsic Value
Base Case
6.27 USD
Undervaluation 51%
Intrinsic Value
Price
Base Case Scenario

Valuation Backtest
Jerash Holdings (US) Inc

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Fundamental Analysis

Revenue Down, Margins Up Amid Supply Chain Woes
2024-Q3 Earnings Call

Revenue Down, Margins Up Amid Supply Chain Woes

For the third quarter of fiscal 2024, revenue fell to $27.5 million from $43.0 million the prior year, significantly impacted by supply chain disruptions that affected U.S. shipments. Despite the revenue drop, gross margins improved to 16.2% from 13.5%, thanks to a better product mix yielding higher margins for U.S. customer orders. Operating expenses decreased, with SG&A costs down to $3.8 million from $4.5 million, although there was a new expense in stock-based compensation of $243,000. Net income was lower at $232,000, or $0.02 per diluted share, compared to $891,000, or $0.07 per diluted share. The company faces challenges in providing a clear outlook for the fourth quarter due to these supply chain issues, leading to internal projections being withheld. However, demand remains intact, as customers still seek shipments, albeit with potential delays.

Financials

Balance Sheet Decomposition
Jerash Holdings (US) Inc

Current Assets 49.4m
Cash & Short-Term Investments 19.6m
Receivables 8.6m
Other Current Assets 21.2m
Non-Current Assets 28.4m
PP&E 25.3m
Intangibles 499.3k
Other Non-Current Assets 2.5m
Current Liabilities 8.9m
Accounts Payable 2.4m
Accrued Liabilities 3.2m
Other Current Liabilities 3.4m
Non-Current Liabilities 707.6k
Other Non-Current Liabilities 707.6k
Efficiency

Earnings Waterfall
Jerash Holdings (US) Inc

Revenue
119.4m USD
Cost of Revenue
-101.5m USD
Gross Profit
17.9m USD
Operating Expenses
-17.3m USD
Operating Income
525.8k USD
Other Expenses
-1.4m USD
Net Income
-889.3k USD

Free Cash Flow Analysis
Jerash Holdings (US) Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
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Table
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Fundamental Scores

JRSH Profitability Score
Profitability Due Diligence

Jerash Holdings (US) Inc's profitability score is 47/100. The higher the profitability score, the more profitable the company is.

Positive 3-Years Revenue Growth
Positive Free Cash Flow
Positive Gross Profit
Positive Revenue Growth Forecast
47/100
Profitability
Score

Jerash Holdings (US) Inc's profitability score is 47/100. The higher the profitability score, the more profitable the company is.

JRSH Solvency Score
Solvency Due Diligence

Jerash Holdings (US) Inc's solvency score is 69/100. The higher the solvency score, the more solvent the company is.

High Altman Z-Score
Short-Term Solvency
Long-Term Solvency
Low D/E
69/100
Solvency
Score

Jerash Holdings (US) Inc's solvency score is 69/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

JRSH Price Targets Summary
Jerash Holdings (US) Inc

Wall Street analysts forecast JRSH stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for JRSH is 4.59 USD with a low forecast of 4.04 USD and a high forecast of 5.25 USD.

Lowest
Price Target
4.04 USD
32% Upside
Average
Price Target
4.59 USD
50% Upside
Highest
Price Target
5.25 USD
72% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

JRSH Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

JRSH Price
Jerash Holdings (US) Inc

1M 1M
+2%
6M 6M
+1%
1Y 1Y
-36%
3Y 3Y
-46%
5Y 5Y
-52%
10Y 10Y
-59%
Annual Price Range
3.06
52w Low
2.79
52w High
4.79
Price Metrics
Average Annual Return -8.98%
Standard Deviation of Annual Returns 24.94%
Max Drawdown -64%
Shares Statistics
Market Capitalization 37.6m USD
Shares Outstanding 12 294 800
Percentage of Shares Shorted 0.08%

JRSH Return Decomposition
Main factors of price return

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Company Profile

Jerash Holdings (US) Inc Logo
Jerash Holdings (US) Inc

Country

United States of America

Industry

Textiles, Apparel & Luxury Goods

Market Cap

37.6m USD

Dividend Yield

6.55%

Description

Jerash Holdings (US), Inc. operates as a holding company. The company is headquartered in Rochester, New York and currently employs 4,350 full-time employees. The company went IPO on 2018-05-04. The firm is engaged in the manufacturing and exporting of customized, ready-made sport and outerwear from knitted fabric and personal protective equipment (PPE) produced. The Company’s sport and outerwear product includes jackets, polo shirts, t-shirts, pants, and shorts. Its primary product offering is jackets. Its PPE product offering consists of washable and disposable face masks, medical scrubs, protective coveralls, and surgical gowns. The firm operates through its subsidiaries: Jerash Garments and Fashions Manufacturing Co., Ltd., Treasure Success International Limited, Chinese Garments and Fashions Manufacturing Co., Ltd., Jerash for Industrial Embroidery Co., Ltd., Al-Mutafaweq Co. for Garments Manufacturing Ltd., Jiangmen Treasure Success Business Consultancy Co., Ltd., Jerash The First Medical Supplies Manufacturing Company Limited, Jerash Supplies, LLC.

Contact

NEW YORK
Rochester
260 E Main St Ste 2706
+12125759085.0
http://www.jerashholdings.com/

IPO

2018-05-04

Employees

4 350

Officers

Chairman, CEO, President & Treasurer
Mr. Lin Hung Choi
Chief Financial Officer
Mr. Gilbert Kwong-Yiu Lee
Head of Marketing
Mr. Tsze Lun Ng
VP, Secretary & Director
Ms. Yang Wei
Executive Director
Eric Tang

See Also

Discover More
What is the Intrinsic Value of one JRSH stock?

The intrinsic value of one JRSH stock under the Base Case scenario is 6.27 USD.

Is JRSH stock undervalued or overvalued?

Compared to the current market price of 3.06 USD, Jerash Holdings (US) Inc is Undervalued by 51%.