J.Jill, Inc. (NYSE: JILL)

Sector: Consumer Cyclical Industry: Apparel Retail CIK: 0001687932
Market Cap 155.27 Mn
P/B -1.35
P/E -1.78
P/S 0.33
ROIC (Qtr) 11.53
Div Yield % 0.49
Rev 1y % (Qtr) -0.48
Total Debt (Qtr) 224.15 Mn
Debt/Equity (Qtr) 1.74

About

J.Jill, Inc., a prominent player in the women's apparel industry, is recognized by its stock symbol JILL. The company's operations extend beyond physical retail stores, encompassing an e-commerce platform and catalogs, providing a seamless, omnichannel shopping experience that caters to women aged 45 and above, a demographic with a median annual household income of $150,000. J.Jill's core business activities are centered on designing, sourcing, and selling apparel, footwear, and accessories. The company's product range is diverse, with offerings...

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Price action

Investment thesis

Bull case

  • Robust free cash flow of 35.32M exceeds capital expenditure of 16.52M by 2.14x, indicating strong organic growth funding capability.
  • Robust tangible asset base of 340.81M provides 17.41x coverage of working capital 19.57M, indicating strong operational backing.
  • Tangible assets of 340.81M provide robust 9.06x coverage of other current liabilities 37.60M, indicating strong asset backing.
  • Operating cash flow of 51.84M provides strong 90.78x coverage of operating expenses 571000, showing operational efficiency.
  • Strong cash position of 58.01M provides 1.54x coverage of other current liabilities 37.60M, indicating excellent liquidity.

Bear case

  • Operating cash flow of 51.84M barely covers its investment activities of (16.52M), with a coverage ratio of -3.14, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Operating cash flow of 51.84M provides thin coverage of dividend payments of (4.73M) with a -10.95 ratio, suggesting potential dividend sustainability issues if operational performance deteriorates.
  • Operating earnings of 57.83M show weak coverage of depreciation charges of 21.11M, with a 2.74 ratio indicating high capital intensity and potential reinvestment needs.
  • Free cash flow of 35.32M represents just -16.15x of debt issuance (2.19M), suggesting concerning reliance on leverage rather than internal cash generation for growth.
  • High depreciation of 21.11M relative to operating cash flow of 51.84M, which is 0.41x suggests significant maintenance capital requirements affecting free cash flow.

Contract with Customer, Sales Channel Breakdown of Revenue (2025)

Peer comparison

Companies in the Apparel Retail
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 TJX Tjx Companies Inc /De/ 258.23 Bn 187.23 12.14 13.19 Bn
2 ROST Ross Stores, Inc. 72.84 Bn 60.07 5.37 5.19 Bn
3 LULU lululemon athletica inc. 20.56 Bn 11.81 1.86 1.76 Bn
4 BURL Burlington Stores, Inc. 19.19 Bn 34.23 1.71 5.94 Bn
5 GAP Gap Inc 11.39 Bn 14.10 0.73 5.52 Bn
6 URBN Urban Outfitters Inc 6.47 Bn 13.23 1.08 1.18 Bn
7 BOOT Boot Barn Holdings, Inc. 5.75 Bn 26.25 2.65 0.70 Bn
8 ANF Abercrombie & Fitch Co /De/ 4.83 Bn 9.24 0.93 1.13 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 1.33 1.40
EV to Cash from Ops. EV/CFO -14.57 10.76
EV to Debt EV to Debt 2.72 4.34
EV to EBIT EV/EBIT -6.66 -65.50
EV to EBITDA EV/EBITDA -18.25 7.78
EV to Free Cash Flow [EV/FCF] EV/FCF -13.76 15.40
EV to Market Cap EV to Market Cap 3.93 2.07
EV to Revenue EV/Rev 1.31 1.41
Price to Book Value [P/B] P/B -1.35 6.30
Price to Earnings [P/E] P/E -1.78 240.04
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Div Coverage (Qtr) 7.11 0.87
Dividend Payout Ratio % Div Payout % (Qtr) 14.20 12.36
Dividend per Basic Share Div per Share (Qtr) 0.31 0.36
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 13.32 14.72
Interest Coverage Int. cover (Qtr) 5.30 9.50
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) -1.83 2.00
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 49.63 97.51
Dividend Growth (1y) % Div 1y % (Qtr) 121.43 4.12
EBIAT Growth (1y) % EBIAT 1y % (Qtr) -27.28 -5.24
EBITDA Growth (1y) % EBITDA 1y % (Qtr) -25.47 -28.04
EBIT Growth (1y) % EBIT 1y % (Qtr) -23.50 -4.11
EBT Growth (1y) % EBT 1y % (Qtr) -15.69 -9.48
EPS Growth (1y) % EPS 1y % (Qtr) -23.69 -7.53
FCF Growth (1y) % FCF 1y % (Qtr) -25.42 -177.06
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) -4.44 -2.43
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 1.31 1.42
Cash Payout Ratio Cash Payout (Qtr) 0.07 0.06
Cash Ratio Cash Ratio (Qtr) 0.44 0.44
Current Ratio Curr Ratio (Qtr) 1.15 1.64
Debt to Equity Ratio Debt/Equity (Qtr) 1.74 1.24
Interest Cover Ratio Int Coverage (Qtr) 5.30 9.50
Times Interest Earned Times Interest Earned (Qtr) 5.30 9.50
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) 13.10 1.59
EBIT Margin % EBIT Margin % (Qtr) 9.62 -10.83
EBT Margin % EBT Margin % (Qtr) 7.81 -4.08
Gross Margin % Gross Margin % (Qtr) 69.40 41.09
Net Profit Margin % Net Margin % (Qtr) 5.60 -5.43