Q: Hello, what do you think of this stock? Is it a buy at this level? Do you know when it will announce its quarterly results? Thanks.
5i Research Answer:
JWEL has struggled over the last twelve months down nearly 14%. First half results for 2023 were disappointing for JWEL, but the company rebounded in Q3. It does have quite a levered balance sheet at 0.83x debt-to-equity and 3.1x net debt-to-EBITDA. Valuation is OK at 17.3x forward earnings. JWEL has not officially announced it's earnings date but our estimates say February 23rd, 2024 but other websites estimate the earnings will be announced between the 21st-26th. We think JWEL is OK and would want to see how it performs in the coming quarter before buying, especially with the negative momentum from last year.