J&J Snack Foods Corp. (JJSF) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+16.0%

$103.44

vs $89.18 price

Levered DCF

$252.21

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

4.53

Safe zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	28.37×	38.31×	39.91×	55.3×	52.62×	132.88×	38.1×	26.94×
P/B	1.93×	3.46×	3.46×	3.03×	3.45×	3.01×	4.33×	3.68×
P/S	1.18×	2.1×	2.02×	1.89×	2.55×	2.38×	3.04×	2.45×
EV / EBITDA	11.9×	17.76×	18.49×	23.23×	21.87×	30.86×	20.66×	17.04×
Gross margin	29.7%	30.9%	30.1%	26.8%	26.1%	23.3%	29.5%	29.5%
Operating margin	5.3%	7.5%	7.0%	4.5%	6.2%	1.7%	9.9%	9.7%
Net margin	4.1%	5.5%	5.1%	3.4%	4.9%	1.8%	8.0%	9.1%
Current ratio	2.72×	2.59×	2.46×	2.45×	3.49×	3.72×	4.18×	3.25×
Debt / equity	0.17×	0.17×	0.13×	0.13×	0.07×	0.08×	0×	0×
Interest coverage	56.48×	64.37×	23.07×	60.29×	10,174×	204.69×	0×	0×
Dividend yield	3.3%	1.7%	1.7%	1.9%	1.5%	1.7%	1.0%	1.2%
Payout ratio	92.6%	65.8%	68.3%	102.5%	80.5%	229.7%	38.6%	31.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	6.8%	9.0%	8.7%	5.5%	6.6%	2.3%	11.4%	13.6%
Return on invested capital	5.2%	7.1%	7.2%	4.4%	5.4%	1.5%	9.8%	11.9%
Return on assets	4.7%	6.3%	6.2%	3.8%	4.8%	1.7%	9.3%	11.1%
Free cash flow yield	4.4%	3.0%	2.1%	-2.3%	1.6%	1.4%	2.5%	2.3%
Earnings yield	3.5%	2.6%	2.5%	1.8%	1.9%	0.8%	2.6%	3.7%
Enterprise value	$1.9B	$3.4B	$3.2B	$2.7B	$2.7B	$2.3B	$3.4B	$2.7B
Net debt / EBITDA	0.36×	0.46×	0.41×	0.66×	-1.8×	-1.8×	-1.16×	-0.7×
Cash conversion cycle (days)	73	72	73	81	63	62	63	62