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Jabil (JBL)

Jabil is a manufacturing solutions provider with over 260,000 employees across 100 locations in 30 countries. The world's leading brands rely on Jabil's unmatched breadth and depth of end-market experience, technical and design capabilities, manufacturing know-how, supply chain insights and global product management expertise. Driven by a common purpose, Jabil and its people are committed to making a positive impact on their local community and the environment.

Company profile

Ticker
JBL
Exchange
Website
CEO
Mark Mondello
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
JABIL CIRCUIT INC
SEC CIK
Subsidiaries
AOC Technologies (Wuhan) Co., Ltd. • AOC Technologies, Inc. • Badger Technologies, LLC • Celetronix India Private Limited • Celetronix USA, Inc. • Clothing Plus Hong Kong Ltd. • Clothing Plus Zhejiang Ltd. • Eco.logic Brands Inc. • F-I Holding Company • Green Point (Suzhou) Technology Co., Ltd. ...
IRS number
381886260

JBL stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$74.50
Low target
$69.00
High target
$80.00
Citigroup
Maintains
Buy
$80.00
17 Jun 22
Goldman Sachs
Maintains
Buy
$69.00
1 Jun 22

Calendar

1 Jul 22
11 Aug 22
31 Aug 22
Quarter (USD) May 22 Feb 22 Nov 21 Aug 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Aug 21 Aug 20 Aug 19 Aug 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.07B 1.07B 1.07B 1.07B 1.07B 1.07B
Cash burn (monthly) 7.67M 14.25M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 18.2M 33.83M n/a n/a n/a n/a
Cash remaining 1.05B 1.04B n/a n/a n/a n/a
Runway (months of cash) 137.2 72.7 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
29 Jul 22 Robert L Katz Common Stock Sell Dispose S No No 59.292 10,423 618K 133,257
20 Jul 22 Robert L Katz Common Stock Sell Dispose S No No 55 9,477 521.24K 143,680
24 Jun 22 Gerald Creadon Common Stock Sell Dispose S No No 54.7597 3,703 202.78K 46,166
31 May 22 Anousheh Ansari Common Stock Sell Dispose S No Yes 62 3,500 217K 37,400
21 Apr 22 Roberto Ferri Common Stock Grant Acquire A No No 0 10,000 0 31,720
87.8% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 444 412 +7.8%
Opened positions 80 79 +1.3%
Closed positions 48 48
Increased positions 172 111 +55.0%
Reduced positions 124 157 -21.0%
13F shares Current Prev Q Change
Total value 10.42B 9.95B +4.7%
Total shares 120.73M 124.56M -3.1%
Total puts 147.9K 210.7K -29.8%
Total calls 296.31K 748K -60.4%
Total put/call ratio 0.5 0.3 +77.2%
Largest owners Shares Value Change
Vanguard 14.88M $918.55M -0.0%
BLK Blackrock 12.98M $801.24M +5.4%
Texas Yale Capital 8.24M $508.82M 0.0%
FMR 7.45M $460.09M -65.5%
STT State Street 4.45M $275M +3.0%
LSV Asset Management 4.43M $273.35M -2.2%
Dimensional Fund Advisors 3.74M $230.72M -1.1%
Primecap Management 3.74M $230.6M +3.5%
Fuller & Thaler Asset Management 3.5M $215.92M +1.5%
Point72 Asset Management 3.02M $186.47M +3.7%
Largest transactions Shares Bought/sold Change
FMR 7.45M -14.17M -65.5%
JPM JPMorgan Chase & Co. 2.64M +2.3M +677.6%
Norges Bank 0 -1.39M EXIT
IVZ Invesco 1.86M +1.3M +230.6%
Los Angeles Capital Management & Equity Research 1.69M +1.18M +231.8%
Marshall Wace 1.01M +1.01M NEW
BLK Blackrock 12.98M +666.39K +5.4%
Aqr Capital Management 1.35M +546.06K +67.8%
DB Deutsche Bank AG - Registered Shares 588.53K +422.8K +255.1%
Simcoe Capital Management 1.15M +412.52K +55.8%

Financial report summary

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Risks
  • The effect of COVID-19 on our operations and the operations of our customers, suppliers and logistics providers has had, and may in the future again have, a material and adverse impact on our financial condition and results of operations.
  • If we do not manage our growth effectively, our profitability could decline.
  • Because we depend on a limited number of customers, a reduction in sales to any one of those customers could cause a significant decline in our revenue.
  • Our customers face numerous competitive challenges, which may materially adversely affect their business and ours.
  • Most of our customers do not commit to long-term production schedules, and they may cancel their orders, change production quantities, delay production or change their sourcing strategy, which makes it difficult for us to schedule production and manage capital expenditures and to maximize the efficiency of our manufacturing capacity.
  • Customer relationships with emerging companies present more risks than with established companies.
  • The success of our business is dependent on our ability to keep pace with technological changes and competitive conditions in our industry, and our ability to effectively adapt our services as our customers react to technological changes and competitive conditions in their respective industries.
  • Introducing new business models or programs requiring implementation of new competencies, such as new process technologies and our development of new products or services for customers, could affect our operations and financial results.
  • We compete with numerous other diversified manufacturing service providers, electronic manufacturing services, design providers and others.
  • Our business could be adversely affected by any delays, or increased costs, resulting from common carrier or transportation issues.
  • We may not be able to maintain our engineering, technological and manufacturing expertise.
  • We depend on attracting and retaining officers, managers and skilled personnel.
  • Efficient component and material purchasing is critical to our manufacturing processes and contractual arrangements. A shortage of components or an increase in price could interrupt our operations and reduce our profit, increase our inventory carrying costs, increase our risk of exposure to inventory obsolescence and cause us to purchase components of a lesser quality.
  • We derive a substantial majority of our revenues from our international operations, which are subject to a number of different risks and often require more management time and expense than our domestic operations.
  • We have on occasion not achieved, and may not in the future achieve, expected profitability from our acquisitions.
  • We face risks arising from the restructuring of our operations.
  • Any delay in the implementation of our information systems could disrupt our operations and cause unanticipated increases in our costs.
  • Disruptions to our information systems, including security breaches, losses of data or outages, and other security issues, could adversely affect our operations.
  • We are subject to extensive government regulations and industry standards and the terms of complex contracts; a failure to comply with current and future regulations and standards, or the terms of our contractual arrangements, could have an adverse effect on our business, customer relationships, reputation and profitability.
  • If we manufacture products containing design or manufacturing defects, demand for our services may decline, our reputation may be damaged and we may be subject to liability claims.
  • We may face heightened liability risks specific to our medical device business as a result of additional healthcare regulatory related compliance requirements and the potential severe consequences (e.g., death or serious injury) that could result from manufacturing defects or malfunctions of the medical devices we manufacture or design.
  • Compliance or the failure to comply with current and future environmental, health and safety, product stewardship and producer responsibility laws or regulations could cause us significant expense.
  • The success of certain aspects of our business depends in part on our ability to obtain, protect and leverage intellectual property rights.
  • Exposure to financially troubled customers or suppliers may adversely affect our financial results.
  • When financial markets experience significant turmoil, the financial arrangements we may need to enter into, refinance or repay and our customers may be adversely affected.
  • We are subject to the risk of increased taxes.
  • Our credit rating may be downgraded.
  • Our amount of debt could significantly increase in the future.
  • An adverse change in the interest rates for our borrowings could adversely affect our financial condition.
  • We are subject to risks of currency fluctuations and related hedging operations.
  • Energy price increases may negatively impact our results of operations.
  • An impairment in the value of our assets would reduce the value of our assets and reduce our net income in the year in which the write-off occurs.
  • Changes in financial accounting standards or policies have affected, and in the future may affect, our reported financial condition or results of operations.
  • We are subject to risks associated with natural disasters, climate change and global events.
Management Discussion
  • Generally, we assess revenue on a global customer basis regardless of whether the growth is associated with organic growth or as a result of an acquisition. Accordingly, we do not differentiate or separately report revenue increases generated by acquisitions as opposed to existing business. In addition, the added cost structures associated with our acquisitions have historically been relatively insignificant when compared to our overall cost structure.
  • The distribution of revenue across our segments has fluctuated, and will continue to fluctuate, as a result of numerous factors, including the following: fluctuations in customer demand; efforts to diversify certain portions of our business; business growth from new and existing customers; specific product performance; and any potential termination, or substantial winding down, of significant customer relationships.
  • Net revenue increased during the three months ended May 31, 2022, compared to the three months ended May 31, 2021. Specifically, the EMS segment net revenue increased 23% due to: (i) a 10% increase in revenues from existing customers within our 5G, wireless and cloud business, (ii) a 5% increase in revenues from existing customers within our networking and storage business, (iii) a 4% increase in revenues from existing customers within our digital print and retail business, and (iv) a 4% increase in revenues from existing customers within our industrial and capital equipment business. The DMS segment net revenue increased 7% due to: (i) a 5% increase in revenues from existing customers within our automotive and transportation business, and (ii) a 2% increase in revenues from existing customers within our healthcare and packaging business.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: eligible, extinguishment, green, intend, premium, redeem, redemption, refinance, taxation