Bedrijfsoverzicht
J.W. Mays, Inc. is engaged in the business of owning, operating, and leasing commercial real estate properties across the United States, with a specific focus on locations in Brooklyn, Jamaica, Fishkill, Levittown, and Massapequa, New York, as well as Circleville, Ohio. The company operates within the Real Estate sector and functions specifically within the Real Estate Services industry, positioning itself as a specialized asset manager rather than a broad-market developer. This entity is a small-cap player with a market capitalization of $82.43 million, supported by an annual recurring revenue of $21.75 million and a workforce consisting of 24 employees. The combination of a market cap under $100 million and revenue below $25 million indicates that the company operates on a regional scale with limited diversification, relying heavily on the performance of its specific portfolio of leased properties. The low employee count relative to its revenue suggests a highly asset-light operational model typical of real estate holding companies, where capital allocation and property management are the primary drivers of value.
Financiële gezondheid
The company reported a trailing twelve-month revenue of $21.75 million, yet this generated a net income loss of $-848,203, while EBITDA stood at $628,652. The significant gap between the positive EBITDA and the negative net income reveals a substantial cost structure driven by non-operating expenses, likely including interest payments on debt and corporate overhead that erode bottom-line profitability. Despite the accounting loss, the firm generated positive free cash flow of $2.09 million, which provides a degree of financial flexibility to cover obligations or fund minor capital improvements without immediate reliance on external financing. The gross margin sits at 26.5%, indicating that the company retains a moderate portion of rental income after direct property costs, whereas the operating margin of -13.7% and profit margin of -3.9% highlight that operational expenses and other costs are consuming a significant portion of the gross earnings. On the balance sheet, the company holds $434,420 in cash against $28.13 million in total debt, resulting in a debt-to-equity ratio of 54.19 which suggests a leveraged financial position where interest costs heavily impact net income. The current ratio of 1.47 indicates that the company possesses 1.47 times more current assets than current liabilities, suggesting adequate short-term liquidity to meet its immediate obligations. Return on Equity is -1.6% and Return on Assets is -0.9%, metrics that reveal that management has not yet been effective at generating positive returns on the capital deployed, likely due to the high interest burden and the recent decline in revenue.
Waarderingsbeoordeling
Trailing P/E and forward P/E are both listed as N/A due to the company's negative net income, meaning traditional earnings-based valuation multiples cannot be applied to assess the stock's trajectory or future earnings expectations. Investors must rely on asset-based metrics, where the price-to-book ratio of 1.59 indicates that the market values the company at a 59% premium over its net asset book value, potentially reflecting expectations of future rent growth or property appreciation. Alternative valuation metrics such as the price-to-sales ratio of 3.79 and an EV/EBITDA of 175.21 suggest the stock is priced at a significant multiple of its sales and earnings power, which is common for small-cap real estate firms with high leverage but positive cash flows. The 52-week high is $61.99 and the 52-week low is $32.32, meaning the current trading price sits within this historical range, reflecting recent market volatility and uncertainty surrounding the real estate services sector. With a beta of 0.16, the stock exhibits very low price volatility relative to the broader market, suggesting its price movements are decoupled from general equity market swings and driven primarily by specific property-level fundamentals.
Growth & Income
Revenue growth year-over-year declined by -7.7%, while earnings growth is N/A due to the absence of positive earnings in the comparable period, indicating that the company is currently contracting rather than expanding its top line. The decline in revenue without a corresponding positive earnings growth implies that the cost structure remains rigid or that the decline in income is severe enough to offset any operational efficiencies. As a non-dividend payer with a dividend yield of N/A and a payout ratio of 0.0%, the company does not distribute cash to shareholders, effectively choosing to retain any generated free cash flow rather than paying dividends. This reinvestment strategy is typical for firms in a transition or contraction phase where preserving liquidity is prioritized over income generation for investors. The overall growth and income profile presents a mixed picture characterized by negative revenue momentum, significant leverage, and a lack of dividend support, requiring careful analysis of property lease rollovers and the ability to reduce debt to stabilize future financial performance.