JOYCE CORPORATION LIMITED (JYC)



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General Information
Company Name: Joyce Corporation Limited
Stock Code: JYC
Website: www.joycecorp.com.au
GICS Sub-Industry: Homefurnishing Retail
Market Cap ($M): 12
Equiv. Shares (M): 28

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.440 $ 0.000 $ 0.000 $ 0.000 $ 0.440 0 0%

Company Overview

Business Description:
Joyce Corporation Limited (JYC) is a franchisor and owner of retail bedding stores. JYC’s main operations are through bedshed franchising, bedshed stores, and investment properties in Australia.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A 4.7 19.2 14.3 3.7 2.2 4.7 --
2011  A 3.5 16.8 -- 2.8 4.0 10.1 --
2010  A -2.8 -13.7 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F
Joyce Corporation (JYC) $12 M 0.1391 -- -- 3.5484 -- -- 0.0489 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
JYC 0.47 3.55 0.54 -- 0.64
Market 1.08 12.7 0.89 1.87 2.60
Sector 0.98 13.8 2.16 2.33 0.75

Directors
Name Position Start Date
Mr Anthony Mankarios Executive Director 26 February 2008
Mr Daniel Alexander Smetana Non-Executive Chairman 30 November 1984
Mr Timothy Hantke Non-Executive Director 09 June 2006
Mr Michael Anthony Gurry Non-Executive Director 08 May 2007

Management
Name Position
Keith Gray Chief Financial Officer,Company Secretary
G Culmsee Chief Operating Officer
S Freedman National Marketing Manager

Substantial Shareholders
Holding Name
9,798,705 (35.50%) Smetana Family Holding
2,700,000 (9.80%) Westwood, John Roy

Calendar of Events
Date Event
27 February 2014 Report (Interim)
18 October 2013 Report (Annual)
27 September 2013 Report (Annual)
28 August 2013 Report (Prelim)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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