JBDI Holdings Ltd (NASDAQ: JBDI)

Sector: Consumer Cyclical Industry: Specialty Retail CIK: 0001964314
Market Cap 14.44 Mn
P/B 3.63
P/E -15.20
P/S 1.79
ROIC (Qtr) 0.00
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 1.10 Mn
Debt/Equity (Qtr) 0.28
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About

Investment thesis

Bull case

  • Healthy cash reserves of 2.20M provide 23.61x coverage of short-term debt 93000, demonstrating strong liquidity position and minimal refinancing risk.
  • Strong tangible asset base of 5.97M provides 5.44x coverage of total debt 1.10M, indicating robust asset backing and low credit risk.
  • Tangible assets of 5.97M provide robust 663.67x coverage of other current liabilities 9000, indicating strong asset backing.
  • Cash reserves of 2.20M provide robust 2.23x coverage of current liabilities 986000, indicating strong short-term solvency.
  • Cash reserves of 2.20M exceed inventory value of 266000 by 8.26x, indicating strong liquidity and inventory management.

Bear case

  • High receivables of 1.54M relative to inventory of 266000 (5.77 ratio) suggests aggressive credit terms or collection difficulties, potentially masking revenue quality issues.
  • Free cash flow of (1.42M) provides weak coverage of capital expenditures of 27000, with a -52.59 ratio suggesting additional external financing needs for growth initiatives.
  • Operating earnings of (926000) show weak coverage of depreciation charges of 345000, with a -2.68 ratio indicating high capital intensity and potential reinvestment needs.
  • Retained earnings of (3.43M) provide limited buffer against comprehensive income items of 3000, which is -1143x, indicating elevated exposure to market risks.
  • Tax assets of 0 provide limited offset against tax liabilities of 9000, which is 0x, indicating potential future cash flow pressure from tax obligations.

Timing of Transfer of Good or Service Breakdown of Revenue (2025)

Geographical Breakdown of Revenue (2025)

Peer comparison

Companies in the Specialty Retail
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 ULTA Ulta Beauty, Inc. 32.20 Bn 27.06 2.69 2.57 Bn
2 WSM Williams Sonoma Inc 29.62 Bn 25.19 3.40 1.47 Bn
3 TSCO Tractor Supply Co /De/ 28.42 Bn 25.23 1.93 5.72 Bn
4 DKS Dick'S Sporting Goods, Inc. 24.98 Bn 88.10 4.64 7.70 Bn
5 CASY Caseys General Stores Inc 24.65 Bn 59.49 1.65 2.92 Bn
6 BBY Best Buy Co Inc 17.85 Bn 11.66 0.41 4.09 Bn
7 MUSA Murphy USA Inc. 15.91 Bn 61.33 1.35 2.75 Bn
8 FIVE Five Below, Inc 11.68 Bn 37.94 2.64 2.01 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 2.19 2.23
EV to Cash from Ops. EV/CFO -9.38 14.70
EV to Debt EV to Debt 11.90 79.39
EV to EBIT EV/EBIT -14.11 -40.16
EV to EBITDA EV/EBITDA -13.71 11.51
EV to Free Cash Flow [EV/FCF] EV/FCF -9.20 -286.14
EV to Market Cap EV to Market Cap 0.90 6.33
EV to Revenue EV/Rev 1.62 2.39
Price to Book Value [P/B] P/B 3.63 32.78
Price to Earnings [P/E] P/E -15.20 -36.32
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 -4.05
Dividend Payout Ratio % Dividend Payout Ratio % 0.00 14.19
Dividend per Basic Share Div per Share (Qtr) 0.00 0.71
FCF Dividend Payout Ratio % FCF Dividend Payout Ratio % 0.00 18.58
Interest Coverage Interest Coverage -31.93 4.43
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex Growth (1y) % 12.90 13.87
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) -40.87 33.75
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 0.00
EBIAT Growth (1y) % EBIAT Growth (1y) % 67.98 -272.99
EBITDA Growth (1y) % EBITDA Growth (1y) % 66.17 588.45
EBIT Growth (1y) % EBIT Growth (1y) % 70.16 29.27
EBT Growth (1y) % EBT Growth (1y) % 69.60 -92.23
EPS Growth (1y) % EPS Growth (1y) % 66.67 -121.86
FCF Growth (1y) % FCF Growth (1y) % -39.90 71.80
Gross Profit Growth (1y) % Gross Profit Growth (1y) % -7.59 2.50
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Utilization Ratio 1.35 1.24
Cash Payout Ratio Cash Payout Ratio 0.00 0.04
Cash Ratio Cash Ratio (Qtr) 2.23 0.74
Current Ratio Curr Ratio (Qtr) 4.46 3.56
Debt to Equity Ratio Debt/Equity (Qtr) 0.28 25.92
Interest Cover Ratio Interest Cover Ratio -31.93 4.43
Times Interest Earned Times Interest Earned -31.93 4.43
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % -7.20 -42.64
EBIT Margin % EBIT Margin % -11.45 -131.12
EBT Margin % EBT Margin % -11.81 -64.70
Gross Margin % Gross Margin % 41.40 30.93
Net Profit Margin % Net Profit Margin % -11.80 -65.71