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Jamieson Wellness Inc (JWEL) AI Stock Analysis

TSE:JWEL

Jamieson Wellness Inc

(TSX:JWEL)

Select Model
Rating:66Neutral
Price Target:CAD 49.00â–²(7.60% Upside)
Action:reiterated
Date:08/09/26

Score is driven primarily by solid operating performance and improving margins, offset by weaker recent cash conversion/FCF trends and higher leverage. Technicals are supportive due to a strong uptrend, though elevated RSI suggests the move may be extended. Valuation is somewhat premium (P/E ~23.5) with only moderate support from the ~2.22% dividend yield.

Positive Factors
Steady multi-year revenue growth and improving marginsConsistent multi-year revenue growth with rising gross, operating and net margins indicates durable core profitability and pricing power in the VMS category. This sustained margin expansion supports reinvestment in brands, long-term product development and the ability to fund shareholder returns.
Negative Factors
Rising leverage vs prior yearsA meaningful increase in debt-to-equity reduces financial flexibility and raises fixed obligations. Elevated leverage limits ability to pursue opportunistic M&A, raises refinancing and interest-rate sensitivity, and increases risk during demand slowdowns over the medium term.

Jamieson Wellness Inc (JWEL) vs. iShares MSCI Canada ETF (EWC)

-10%0%10%20%30%40%TSE:JWEL+34.93%EWC+24.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
CAD 1.89B
Dividend Yield
2.06%
Average Volume (3M)
309.74K
Price to Earnings (P/E)
24.2
Beta (1Y)
0.89
Revenue Growth
14.96%
EPS Growth
35.61%
Country
Canada
Employees
891
Sector
Consumer Defensive
Sector Strength
62
Industry
Packaged Foods

Jamieson Wellness Inc Business Overview & Revenue Model

Company Description

Jamieson Wellness Inc. is a natural health products company involved in the development, manufacturing, marketing, and distribution of its offerings across Canada and internationally. The enterprise operates through two core segments. Its Jamieson Br...

How the Company Makes Money

Jamieson Wellness makes money primarily by selling branded wellness products, especially vitamins, minerals, and supplements, through a mix of domestic and international distribution channels. Its core revenue stream is product sales to retailers and...

Jamieson Wellness Inc Earnings Call Summary

Earnings Call Date:Feb 25, 2026(Q4-2025)|% Change Since:19.61%|Next Earnings Date:Oct 28, 2026
Earnings Call SentimentPositive

The call conveyed a broadly positive outlook backed by strong top-line growth (branded and consolidated), margin expansion, robust China execution, improved adjusted profitability and shareholder returns (buybacks/dividends). Key near-term headwinds include a decline in strategic partner revenues, higher SG&A (including one-time due diligence costs), and a working-capital build tied to inventory and tariff mitigation. Management provided confident 2026 guidance with continued China and U.S. growth expectations and targets for higher adjusted EBITDA and EPS, suggesting momentum outweighs the manageable operational and investment-related pressures.

Positive Updates

Strong Consolidated and Branded Revenue Growth
Full-year consolidated revenue grew ~12%, branded business nearly +16% (FY2025). Q4 consolidated revenue rose 13.4% to $277.7M. Jamieson Brands grew 17.1% in Q4 to $237.4M. Youtheory grew 20.2% in Q4. China was a major driver (FY growth >56%, Q4 +43.9%). International revenue up 24% for the year (Q4 +39.2%). Canada outpaced the market with ~6% full-year growth (Q4 +5.5%).

Negative Updates

Strategic Partners Revenue Decline
Strategic Partner revenues declined 4.4% in Q4 (down ~$1.9M) and gross profit in Strategic Partners decreased 2.4% in the quarter, driven by lower volumes and timing of customer onboarding related to trade/tariff uncertainties.

Company Guidance

Management guided 2026 consolidated revenue of $895–$935 million (up ~9% to almost 14%), with Jamieson Brands revenue of $790–$820 million (≈9%–13% growth); by region they forecast China +20%–30%, U.S. +14%–19% (USD), Canada +4%–6%, International +10%–15% (USD), and Strategic Partner revenues returning to growth of +10%–20%. They expect adjusted EBITDA of $174–$181 million (up ~9%–13.4%) with adjusted EBITDA margins ~19.4%, adjusted diluted EPS of $2.08–$2.21 (up 12.5%–19.5%), and cash from operations before working capital of $120–$130 million (up 9%–19%); working capital is expected to increase $25–$35 million and capital expenditures to be approximately $20 million.

Jamieson Wellness Inc Financial Statement Overview

Summary

Operating performance is solid with steady multi-year revenue growth and improving TTM margins (gross ~41.6%, operating ~15.0%, net ~8.7%). However, the balance sheet has become more leveraged (debt-to-equity ~1.0 in TTM vs ~0.61 in 2024), and cash flow quality has weakened with low cash conversion (OCF to net income ~0.37) and declining free cash flow (FCF growth ~-27%).

Income Statement

74Positive

Balance Sheet

62Positive

Cash Flow

50Neutral
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue880.58M822.06M733.78M676.17M547.37M451.03M
Gross Profit368.77M338.33M275.61M233.56M198.34M162.44M
EBITDA152.84M135.33M114.60M108.78M100.17M90.40M
Net Income78.57M62.44M51.91M47.88M52.81M52.08M
Balance Sheet
Total Assets1.23B1.22B1.21B1.14B1.11B652.48M
Cash, Cash Equivalents and Short-Term Investments24.31M41.23M44.79M36.86M26.24M6.78M
Total Debt477.35M472.02M308.29M462.99M400.00M149.13M
Total Liabilities677.34M685.52M660.41M662.38M675.67M310.45M
Stockholders Equity509.52M485.42M505.18M438.93M431.59M342.02M
Cash Flow
Free Cash Flow23.01M69.80M51.41M22.41M36.02M22.12M
Operating Cash Flow35.54M82.51M61.58M31.71M50.59M44.41M
Investing Cash Flow-21.20M-22.25M-10.16M-35.13M-256.53M-22.28M
Financing Cash Flow-42.02M-62.78M-45.43M14.04M225.41M-16.51M

Jamieson Wellness Inc Technical Analysis

Technical Analysis SentimentPositive
Last Price45.54

Price Trends

50DMA45.46Positive
100DMA43.24Positive
200DMA38.96Positive

Market Momentum

MACD0.08Positive
RSI62.94Neutral
STOCH55.99Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:JWEL, the sentiment is Positive. The current price of 45.54 is above the 20-day moving average (MA) of 45.49, above the 50-day MA of 45.46, and above the 200-day MA of 38.96, indicating a bullish trend. The MACD of 0.08 indicates Positive momentum. The RSI at 62.94 is Neutral, neither overbought nor oversold. The STOCH value of 55.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:JWEL.

Jamieson Wellness Inc Peers Comparison

Overall Rating

UnderperformOutperform
Sector (62)

Financial Indicators

TSE:JWEL against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TSE:JWELTSE:JWEL66NeutralCAD 1.89B24.2315.93%2.06%14.96%35.61%
Sector *62Neutral$20.33B14.63-3.31%3.23%1.93%-12.26%
TSE:NPRATSE:NPRA48NeutralCAD 32.16M-26.5530.14%―32.91%55.73%
TSE:BUTSE:BU45NeutralCAD 12.19M-0.82338.06%―556.85%-11.49%

* Consumer Defensive Sector Average

Performance Comparison

0%200%400%600%TSE:JWELTSE:BUTSE:DTEATSE:MOOO.XTSE:NPRADec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TSE:JWEL and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TSE:JWELJamieson Wellness45.5611.8034.93%
TSE:BUBurcon Nutrascience Corporation0.90-1.44-61.54%
TSE:DTEADavidstea Inc.1.100.2630.95%
TSE:MOOO.XHappy Supplements Inc.0.35-0.19-35.19%
TSE:NPRANepra Foods, Inc.0.300.20185.71%

Jamieson Wellness Inc Corporate Events

Business Operations and StrategyFinancial DisclosuresM&A Transactions

Jamieson Wellness Posts Strong Q2 and Agrees to Kirin Takeover

Positive
Aug 6, 2026

Jamieson Wellness reported a strong second quarter, with consolidated revenue rising 17.4% to $233.8 million and Jamieson Brands up 18.6%, driven by robust consumer demand and successful promotions across Canada, China, the U.S. and other internation...

Business Operations and StrategyM&A Transactions

Kirin to Acquire Jamieson Wellness in C$2.5 Billion All-Cash Deal

Positive
Aug 6, 2026

Jamieson Wellness Inc. has entered a definitive agreement to be acquired by Japan’s Kirin Holdings Company, Limited in an all-cash transaction valuing the Canadian vitamins maker at about C$2.5 billion on an enterprise basis. Kirin will pay C$4...

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.

Date of analysis: Aug 09, 2026