Funko, Inc. (FNKO) vs Johnson Outdoors Inc. (JOUT)

Funko, Inc. and Johnson Outdoors Inc. are both Leisure companies. Johnson Outdoors Inc. is the larger, with a market value of $492.3M against $343.8M — 1.4× the size. Johnson Outdoors Inc. has negative trailing earnings, so its P/E is not meaningful; Funko, Inc. trades at 77.1×. Johnson Outdoors Inc. grew revenue faster over the last twelve months: 17.5% against 1.21%. Funko, Inc. has the higher net margin (0.49% vs −1.21%) and the higher return on invested capital (6.24% vs 4.31%). Across the 20 metrics below, Funko, Inc. leads on 13 and Johnson Outdoors Inc. on 7.

Valuation

Metric FNKO JOUT Leisure median
P/E 77.13 n/m 17.39
P/S 0.37 0.74 1.08
P/B 1.75 1.13 1.75
Price to free cash flow 6.25 16.32 11.20
EV/EBITDA 5.33 8.38 10.96
EV/Sales 0.53 0.48 1.87
Earnings yield 1.30% (1.80%) 3.10%
Free cash flow yield 15.99% 6.13% 5.07%

Profitability

Metric FNKO JOUT Leisure median
Gross margin 46.26% 39.67% 47.50%
Operating margin 3.56% 2.66% 4.91%
Net margin 0.49% (1.21%) 7.35%
Free cash flow margin 5.17% 4.53% 6.81%
Return on equity 2.42% (1.81%) 1.21%
Return on assets 0.67% (1.25%) 2.20%
Return on invested capital 6.24% 4.31% 5.26%

Growth

Metric FNKO JOUT Leisure median
Revenue growth (TTM) 1.21% 17.49% 2.89%
EPS growth (last fiscal year) (342.86%) (28.85%) (4.35%)
Revenue growth, 5-year CAGR 6.84% (0.06%) 5.32%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric FNKO JOUT Leisure median
Debt to equity 0.90 0.00 0.00
Current ratio 1.19 3.37 1.76
Net debt to EBITDA 13.43 (39.07) 1.53

Dividend

Metric FNKO JOUT Leisure median
Dividend yield — 2.79% 1.77%
Payout ratio — — 0.27

Size

Metric FNKO JOUT Leisure median
Market cap 343.81m 492.27m 555.10m

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