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Joyce Corporation Ltd
(Sydney:JYC)
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Rating:74Outperform
Price Target:
AU$7.50
▲(18.11% Upside)
Action:Reiterated
Date:09/06/26
The score is driven primarily by strong free cash flow and solid operating performance, partially tempered by balance-sheet leverage trending higher and margin variability. Technicals are supportive with price above key moving averages, while valuation is reasonable with a solid dividend yield but a mid-range P/E.
Positive Factors
Steady revenue growth
Sustained revenue expansion indicates that the specialty retail platform is continuing to grow its sales base over multiple years. The 2026 re-acceleration adds support that demand and operating scale remain constructive, improving the company’s ability to build earnings over the next several quarters.
Negative Factors
Rising leverage
The upward movement in debt-to-equity signals greater reliance on borrowing than in earlier years. Higher leverage can reduce financial flexibility, increase the importance of maintaining cash generation, and constrain the company’s ability to absorb weaker trading conditions or pursue new investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue growth
Sustained revenue expansion indicates that the specialty retail platform is continuing to grow its sales base over multiple years. The 2026 re-acceleration adds support that demand and operating scale remain constructive, improving the company’s ability to build earnings over the next several quarters.
Read all positive factors
Joyce Corporation Ltd (JYC) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$192.20M
Dividend Yield4.51%
Average Volume (3M)32.92K
Price to Earnings (P/E)18.1
Beta (1Y)0.37
Revenue Growth14.67%
EPS Growth46.98%
CountryAU
Employees253
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)0.36
Shares Outstanding29,569,270
10 Day Avg. Volume8,889
30 Day Avg. Volume32,922
Financial Highlights & Ratios
PEG Ratio0.34
Price to Book (P/B)4.80
Price to Sales (P/S)1.05
P/FCF Ratio4.71
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$7.20Price Target Upside13.31% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.39
Revenue Forecast (FY)AU$180.77M
Joyce Corporation Ltd Business Overview & Revenue Model
Company Description
Founded in Perth, Australia, in 1886, Joyce Corporation Ltd is a retailer specializing in kitchen and wardrobe products across Australia. The company directly owns four Bedshed retail bedding stores and also offers franchising for other Bedshed lo...
How the Company Makes Money
JYC primarily makes money by generating retail sales revenue through its specialty retail brands and store network, earning gross profit on the difference between the retail price charged to customers and the cost of goods sourced from suppliers. ...
Joyce Corporation Ltd Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
67
Positive
Cash Flow
82
Very Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 169.88M | 148.15M | 145.51M | 144.70M | 129.02M |
| Gross Profit | 38.30M | 80.99M | 78.18M | 42.81M | 67.84M |
| EBITDA | 37.26M | 31.28M | 29.08M | 28.63M | 23.72M |
| Net Income | 10.81M | 7.35M | 8.86M | 7.93M | 9.09M |
Balance Sheet | |||||
| Total Assets | 107.81M | 97.57M | 92.84M | 86.40M | 86.22M |
| Cash, Cash Equivalents and Short-Term Investments | 50.35M | 40.99M | 40.84M | 47.73M | 33.15M |
| Total Debt | 30.23M | 28.82M | 27.60M | 19.05M | 15.33M |
| Total Liabilities | 64.56M | 57.55M | 54.02M | 48.63M | 50.73M |
| Stockholders Equity | 37.27M | 34.71M | 34.55M | 32.98M | 28.53M |
Cash Flow | |||||
| Free Cash Flow | 37.96M | 24.32M | 19.02M | 21.47M | 20.86M |
| Operating Cash Flow | 39.42M | 27.44M | 21.35M | 24.95M | 22.44M |
| Investing Cash Flow | -2.39M | -3.68M | -4.28M | 10.66M | 3.88M |
| Financing Cash Flow | -27.79M | -23.68M | -24.00M | -21.46M | -14.26M |
Joyce Corporation Ltd Technical Analysis
Positive
6.35
Price Trends
6.17
Positive
6.04
Positive
5.72
Positive
Market Momentum
0.05
Positive
57.54
Neutral
59.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:JYC, the sentiment is Positive. The current price of 6.35 is above the 20-day moving average (MA) of 6.32, above the 50-day MA of 6.17, and above the 200-day MA of 5.72, indicating a bullish trend. The MACD of 0.05 indicates Positive momentum. The RSI at 57.54 is Neutral, neither overbought nor oversold. The STOCH value of 59.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:JYC.
Joyce Corporation Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | AU$192.20M | 18.06 | 29.85% | 4.62% | 14.67% | 46.98% | |
66 Neutral | AU$1.25B | 16.40 | 27.14% | 5.30% | 4.33% | 31.22% | |
65 Neutral | AU$405.94M | 15.03 | 14.04% | 4.24% | 3.42% | -8.75% | |
62 Neutral | AU$47.95M | 8.98 | 14.55% | 7.62% | 8.43% | 23.06% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | AU$245.60M | -6.32 | -19.53% | 8.65% | 3.83% | -251.57% | |
51 Neutral | AU$564.09M | 135.57 | 3.54% | ― | 10.63% | -62.61% |
* Consumer Cyclical Sector Average
AU:JYC
Joyce Corporation Ltd
6.50
1.48
29.40%
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Joyce Corporation Ltd Corporate Events
Joyce Corporation Clarifies Cash Figure in Updated FY26 Results Presentation
Aug 31, 2026
Joyce Corporation Ltd has released an updated investor presentation alongside its financial year 2026 results, which were announced today. The company continues to use these materials to inform shareholders and the market about its performance and...
Joyce Corporation Declares Semi-Annual Dividend for June 2026 Period
Aug 30, 2026
Joyce Corporation has declared an ordinary dividend of AUD 0.17 per share for the six‑month period ended 30 June 2026, payable on its fully paid ordinary shares. The timetable sets an ex‑dividend date of 11 September, a record date of ...
Joyce Corporation posts strong FY26 earnings on capital-light home brands
Aug 30, 2026
Joyce Corporation reported financial year 2026 revenue of $143.2 million and EBIT of $31.6 million, underscoring the earnings strength of its majority-owned portfolio businesses. The group closed the year with a strong balance sheet and net cash o...
Joyce Corporation posts record FY26 profit and lifts dividend amid tough consumer backdrop
Aug 30, 2026
Joyce Corporation has reported a record FY26 performance, with revenue rising 14.7% to $169.9 million and group NPAT attributable to shareholders up 31.6% to $10.8 million. Normalised EBIT climbed 31.8% to $31.5 million, driven by margin expansion...
Joyce Corporation Releases FY26 Annual Report for Joyce Group
Aug 30, 2026
Joyce Corporation has released its FY26 Annual Report, outlining governance, leadership commentary and financial performance for the Joyce Group. The report includes addresses from the Chair and CEO, business overviews, commentary on KWB Group and...
Joyce Corporation Lodges Governance Disclosures for 2026
Aug 30, 2026
Joyce Corporation Ltd has lodged its Appendix 4G and confirmed that its corporate governance statement for the year ended 30 June 2026 is available on its website and current as at 31 August 2026. The board-approved statement details how the compa...
Joyce Corporation Delivers Strong FY26 Profit Growth and Lifts Fully Franked Dividends
Aug 30, 2026
Joyce Corporation has reported a strong financial performance for the year ended 30 June 2026, with revenue rising 15% to $169.9 million and profit after tax jumping 36% to $21.6 million. Profit attributable to shareholders surged 47% to $10.8 mil...
Joyce’s KWB Group Finalises CEO Transition as Co-Founder Moves to Board Role
Jul 1, 2026
Joyce Corporation has completed a planned 12-month leadership transition at KWB Group, moving co-founder and long-time managing director John Bourke into a non-executive director role while retaining him as a significant shareholder. The company p...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.