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53.04 (1y: -7%)
Market Cap 5.57 B P/E(ttm) 7.80
Enterprise Value 6.7 B P/B 2.20
JOY- NYSE (USA)
Joy Global, Inc.
  • Currently 3.5/5
Business Predictability Rank: 3.5-Star
Back Testing Results:
Average gain of all 3.5-Star stocks: 9.3% per year.
% of Stocks that are in still loss if held for 10yrs: 9%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$53.04
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry		 vs
history
Cash to Debt 0.192
JOY's Cash to Debt is ranked lower than
58% of the 160 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 0.63 vs. JOY: 0.192 )
JOY' s 10-Year Cash to Debt Range
Min: 0.14   Max: 53.96
Current: 0.19
0.14
53.96
Equity to Asset 0.42
JOY's Equity to Asset is ranked higher than
59% of the 160 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 0.44 vs. JOY: 0.42 )
JOY' s 10-Year Equity to Asset Range
Min: -0.62   Max: 0.47
Current: 0.42
-0.62
0.47
Interest Coverage 17.4
JOY's Interest Coverage is ranked higher than
75% of the 160 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 6.30 vs. JOY: 17.4 )
JOY' s 10-Year Interest Coverage Range
Min: 2   Max: No Debt
Current: 17.4
F-Score: 5
Z-Score: 2.75
M-Score: -2.12
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry		 vs
history
Operating margin (%) 20.70
JOY's Operating margin (%) is ranked higher than
98% of the 160 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 6.70 vs. JOY: 20.70 )
JOY' s 10-Year Operating margin (%) Range
Min: -1.3   Max: 20.9
Current: 20.7
-1.3
20.9
Net-margin (%) 13.5
JOY's Net-margin (%) is ranked higher than
95% of the 160 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 3.70 vs. JOY: 13.5 )
JOY' s 10-Year Net-margin (%) Range
Min: -2.4   Max: 117.7
Current: 13.5
-2.4
117.7
ROE (%) 29.6
JOY's ROE (%) is ranked higher than
96% of the 160 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 8.10 vs. JOY: 29.6 )
JOY' s 10-Year ROE (%) Range
Min: -8   Max: 279.4
Current: 29.6
-8
279.4
ROA (%) 12.4
JOY's ROA (%) is ranked higher than
97% of the 160 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 3.60 vs. JOY: 12.4 )
JOY' s 10-Year ROA (%) Range
Min: -2.2   Max: 98.5
Current: 12.4
-2.2
98.5
ROC (Joel Greenblatt) (%) 58.30
JOY's ROC (Joel Greenblatt) (%) is ranked higher than
98% of the 160 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 12.90 vs. JOY: 58.30 )
JOY' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -2.8   Max: 77.5
Current: 58.3
-2.8
77.5
Revenue Growth (%) 11
JOY's Revenue Growth (%) is ranked higher than
87% of the 160 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 1.40 vs. JOY: 11 )
JOY' s 10-Year Revenue Growth (%) Range
Min: 0   Max: 19.2
Current: 11
0
19.2
EBITDA Growth (%) 13.9
JOY's EBITDA Growth (%) is ranked higher than
86% of the 160 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 0.00 vs. JOY: 13.9 )
JOY' s 10-Year EBITDA Growth (%) Range
Min: 11.4   Max: 56.4
Current: 13.9
11.4
56.4
EPS Growth (%) 12.8
JOY's EPS Growth (%) is ranked higher than
86% of the 160 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 0.00 vs. JOY: 12.8 )
JOY' s 10-Year EPS Growth (%) Range
Min: -56   Max: 112.7
Current: 12.8
-56
112.7
ยป JOY's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

JOY Guru Trades in Q2 2012

Manning & Napier Advisors, Inc 959,020 sh (New)
Jim Simons 718,725 sh (New)
John Burbank 25,000 sh (New)
Paul Tudor Jones 48,300 sh (+292.68%)
Ray Dalio 159,738 sh (+0.98%)
Jeremy Grantham Sold Out
Mario Gabelli Sold Out
Steven Cohen 204,436 sh (-3.03%)
John Keeley 151,215 sh (-58.51%)
Ken Fisher 68,280 sh (-84.11%)
» More
Q3 2012

JOY Guru Trades in Q3 2012

Pioneer Investments 1,555,023 sh (New)
Joel Greenblatt 39,145 sh (New)
George Soros 166,000 sh (New)
Mark Hillman 4,512 sh (New)
David Dreman 27,439 sh (New)
Paul Tudor Jones 80,600 sh (+66.87%)
Manning & Napier Advisors, Inc 1,169,690 sh (+21.97%)
Ken Fisher 79,472 sh (+16.39%)
John Keeley Sold Out
John Burbank Sold Out
Ray Dalio Sold Out
Jim Simons 157,425 sh (-78.1%)
Steven Cohen 33,780 sh (-83.48%)
» More
Q4 2012

JOY Guru Trades in Q4 2012

Bruce Kovner 155,666 sh (New)
Tweedy Browne 600,375 sh (New)
Jim Simons 714,725 sh (+354.01%)
David Dreman 79,236 sh (+188.77%)
Manning & Napier Advisors, Inc 2,035,875 sh (+74.05%)
Steven Cohen 50,580 sh (+49.73%)
Ken Fisher 83,006 sh (+4.45%)
Pioneer Investments 1,569,490 sh (+0.93%)
Mark Hillman 4,522 sh (+0.22%)
Joel Greenblatt Sold Out
George Soros Sold Out
Paul Tudor Jones 35,000 sh (-56.58%)
» More
Q1 2013

JOY Guru Trades in Q1 2013

Brian Rogers 750,000 sh (New)
Ron Baron 794 sh (New)
Tweedy Browne Global Value 657,530 sh (New)
Joel Greenblatt 100,691 sh (New)
Ray Dalio 13,347 sh (New)
Steven Cohen 185,714 sh (+267.17%)
Paul Tudor Jones 85,400 sh (+144%)
Tweedy Browne 1,316,205 sh (+119.23%)
David Dreman 95,082 sh (+20%)
Pioneer Investments 1,871,036 sh (+19.21%)
Bruce Kovner Sold Out
Jim Simons Sold Out
Mark Hillman Sold Out
Ken Fisher Sold Out
Manning & Napier Advisors, Inc 2,021,225 sh (-0.72%)
» More
» Details

Insider Trades

Latest Guru Trades with JOY

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Tweedy Browne 2013-03-31 Add 119.23%1.09%$57.81 - $69.01 $ 53.04-16%1316205
Joel Greenblatt 2013-03-31 New Buy0.3%$57.81 - $69.01 $ 53.04-16%100691
Ray Dalio 2013-03-31 New Buy0.01%$57.81 - $69.01 $ 53.04-16%13347
Ron Baron 2013-03-31 New Buy$57.81 - $69.01 $ 53.04-16%794
Tweedy Browne 2012-12-31 New Buy1.1%$54.88 - $66.03 $ 53.04-10%600375
Joel Greenblatt 2012-12-31 Sold Out 0.15%$54.88 - $66.03 $ 53.04-10%0
George Soros 2012-12-31 Sold Out 0.15%$54.88 - $66.03 $ 53.04-10%0
David Dreman 2012-12-31 Add 188.77%0.09%$54.88 - $66.03 $ 53.04-10%79236
John Keeley 2012-09-30 Sold Out 0.19%$48.75 - $62.15 $ 53.04-2%0
George Soros 2012-09-30 New Buy0.15%$48.75 - $62.15 $ 53.04-2%166000
Joel Greenblatt 2012-09-30 New Buy0.15%$48.75 - $62.15 $ 53.04-2%39145
Ray Dalio 2012-09-30 Sold Out 0.13%$48.75 - $62.15 $ 53.04-2%0
John Burbank 2012-09-30 Sold Out 0.05%$48.75 - $62.15 $ 53.04-2%0
David Dreman 2012-09-30 New Buy0.04%$48.75 - $62.15 $ 53.04-2%27439
John Keeley 2012-06-30 Reduce -58.51%0.32%$52.15 - $76.82 $ 53.04-18%151215
John Burbank 2012-06-30 New Buy0.05%$52.15 - $76.82 $ 53.04-18%25000
Mario Gabelli 2012-06-30 Sold Out 0.0042%$52.15 - $76.82 $ 53.04-18%0
Premium More recent guru trades are included for Premium Members only!!
ยป Financial Charts

Peter Lynch Chart

Top Ranked Articles about Joy Global, Inc.

Tweedy Browne Global Value Fund Buys 5 New Stocks
April 23, 2013
Tweedy Browne - Tweedy Browne Global Value Fund Buys 5 New Stocks
In keeping with GuruFocusโ€™ expansion to worldwide stock market coverage, we have begun tracking firms with outstanding global investing track records, including Tweedy Browneโ€™s Global Value Fund. Some stats on the fund: It contains 101 companies, has a total value of $4.91 billion and had a quarter-over-quarter holding turnover of 3% in the first quarter. Read more...
The 5 Top New Stock Positions of Tweedy Browneโ€™s Portfolio
February 12, 2013
Tweedy Browne - The 5 Top New Stock Positions Of Tweedy Browneโ€™s Portfolio
Tweedy Browne, a renowned, Ben Graham-focused investment company managing $15.6 billion in assets, added seven fresh positions to its portfolio in the fourth quarter. The largest of these are Halliburton Company (HAL), Joy Global (JOY), Canadian Natural Resources (CNQ), Royal Dutch Shell Plc (RDS.B) and Heineken N.V. (HEINY). In its fourth quarter letter, Tweedy Browne noted that it bought Halliburton and Joy Global โ€œat significant discounts from our conservative discounts from our conservative estimates of their intrinsic value, were financial strong and we believe have solid prospects for future growth.โ€ Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 7.80
JOY's P/E(ttm) is ranked higher than
93% of the 135 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 14.40 vs. JOY: 7.80 )
JOY' s 10-Year P/E(ttm) Range
Min: 0.4   Max: 427.47
Current: 7.8
0.4
427.47
P/B 2.20
JOY's P/B is ranked lower than
54% of the 152 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 1.50 vs. JOY: 2.20 )
JOY' s 10-Year P/B Range
Min: 0.99   Max: 11.52
Current: 2.2
0.99
11.52
P/S 1.03
JOY's P/S is ranked lower than
51% of the 154 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 0.75 vs. JOY: 1.03 )
JOY' s 10-Year P/S Range
Min: 0.35   Max: 4.05
Current: 1.03
0.35
4.05
PFCF 4.80
JOY's PFCF is ranked higher than
92% of the 106 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 24.99 vs. JOY: 4.80 )
JOY' s 10-Year PFCF Range
Min: 3.72   Max: 83.98
Current: 4.8
3.72
83.98
EV-to-EBIT 6.1
JOY's EV-to-EBIT is ranked higher than
90% of the 129 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 12.10 vs. JOY: 6.1 )
JOY' s 10-Year EV-to-EBIT Range
Min: 3.9   Max: 64.2
Current: 6.1
3.9
64.2
PEG 0.4
JOY's PEG is ranked higher than
92% of the 66 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 1.34 vs. JOY: 0.4 )
JOY' s 10-Year PEG Range
Min: 0.08   Max: 1.11
Current: 0.4
0.08
1.11
Shiller P/E 10.3
JOY's Shiller P/E is ranked lower than
100% of the Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: vs. JOY: 10.3 )
JOY' s 10-Year Shiller P/E Range
Min: 8.52   Max: 64.02
Current: 10.3
8.52
64.02

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 1.32
JOY's Dividend Yield is ranked higher than
54% of the 160 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 1.22 vs. JOY: 1.32 )
JOY' s 10-Year Dividend Yield Range
Min: 0.17   Max: 3.72
Current: 1.32
0.17
3.72
Dividend Payout 0.1026
JOY's Dividend Payout is ranked higher than
91% of the 102 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 0.30 vs. JOY: 0.1026 )
JOY' s 10-Year Dividend Payout Range
Min: 0.1   Max: 0.27
Current: 0.1
0.1
0.27
Yield on cost (5-Year) 1.46
JOY's Yield on cost (5-Year) is ranked higher than
56% of the 160 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 1.24 vs. JOY: 1.46 )
JOY' s 10-Year Yield on cost (5-Year) Range
Min: 0.19   Max: 4.17
Current: 1.46
0.19
4.17
Share Buyback Rate -0.9
JOY's Share Buyback Rate is ranked higher than
52% of the 160 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 0.00 vs. JOY: -0.9 )
JOY' s 10-Year Share Buyback Rate Range
Min: 4.4   Max: -2.3
Current: -0.9

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 3.5
JOY's Price/Net Current Asset Value is ranked higher than
56% of the 145 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 3.40 vs. JOY: 3.5 )
JOY' s 10-Year Price/Net Current Asset Value Range
Min: 1.6   Max: 8.5
Current: 3.5
1.6
8.5
Price/Tangible Book 9.3
JOY's Price/Tangible Book is ranked lower than
87% of the 141 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 1.60 vs. JOY: 9.3 )
JOY' s 10-Year Price/Tangible Book Range
Min: 3.2   Max: 14.8
Current: 9.3
3.2
14.8
Price/DCF (Projected) 0.7
JOY's Price/DCF (Projected) is ranked higher than
92% of the 77 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 1.20 vs. JOY: 0.7 )
JOY' s 10-Year Price/DCF (Projected) Range
Min: 0.8   Max: 3.6
Current: 0.7
0.8
3.6
Price/Median PS Value 0.7
JOY's Price/Median PS Value is ranked higher than
84% of the 147 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 1.00 vs. JOY: 0.7 )
JOY' s 10-Year Price/Median PS Value Range
Min: 0.3   Max: 1.7
Current: 0.7
0.3
1.7
Price/Peter Lynch Fair Value 0.4
JOY's Price/Peter Lynch Fair Value is ranked higher than
91% of the 44 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 0.90 vs. JOY: 0.4 )
JOY' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.3   Max: 1
Current: 0.4
0.3
1
Price/Graham Number 1.8
JOY's Price/Graham Number is ranked lower than
55% of the 132 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 1.20 vs. JOY: 1.8 )
JOY' s 10-Year Price/Graham Number Range
Min: 0.3   Max: 3.2
Current: 1.8
0.3
3.2
Earnings Yield (Greenblatt) 16.50
JOY's Earnings Yield (Greenblatt) is ranked higher than
90% of the 160 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 7.70 vs. JOY: 16.50 )
JOY' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.6   Max: 25.3
Current: 16.5
1.6
25.3
Forward Rate of Return (Yacktman) 21.88
JOY's Forward Rate of Return (Yacktman) is ranked higher than
93% of the 160 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 0.00 vs. JOY: 21.88 )
JOY' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 21.2   Max: 140.9
Current: 21.88
21.2
140.9

Business Description

Joy Global Inc was incorporated in Delaware. The Company is a manufacturer and servicer of mining equipment for the extraction of coal and other minerals and ores. The Company equipment is used in major mining regions throughout the world to mine coal, copper, iron ore, oil sands and other minerals. It operates in two business segments: Underground Mining Machinery and Surface Mining Equipment. Its underground mining machinery segment ('Joy Mining Machinery' or 'Joy') is a major manufacturer of underground mining equipment for the extraction of coal and other bedded minerals and offers comprehensive service locations near major mining regions worldwide. It has manufacturing facilities in Australia, South Africa, the United Kingdom, China, and the United States as well as sales offices and service facilities in India, Poland, and Russia. Joy products include: continuous miners; shuttle cars; flexible conveyor trains; complete longwall mining systems (consisting of powered roof supports, an armored face conveyor, and a longwall shearer); continuous haulage systems; battery haulers; roof bolters; crushing equipment; and conveyor systems. Joy also maintains an extensive network of service and distribution centers to rebuild and service equipment and to sell replacement parts and consumables in support of its installed base. Its surface mining equipment segment ('P&H Mining Equipment' or 'P&H') is a major producer of surface mining equipment for the extraction of ores and minerals and provides extensive operational support for many types of equipment used in surface mining. P&H has facilities in Australia, Brazil, Canada, Chile, China, South Africa, and the United States, as well as sales offices in India, Mexico, Peru, Russia, the United Kingdom, and Venezuela. P&H products are used in mining copper, coal, iron ore, oil sands, silver, gold, diamonds, phosphate, and other minerals and ores. P&H also provides logistics and a full range of life cycle management service support for its customers through a global network of strategically located operations within major mining regions. Joy and P&H sell their products mainly to large global and regional mining companies. Joy's rebuild services compete with a large number of local repair shops and also compete with various regional suppliers in the sale of replacement parts for Joy equipment. P&H's shovels and draglines compete with similar products produced by one significant competitor and with hydraulic excavators, large rubber-tired front-end loaders, and bucket wheel excavators made by several international manufacturers. The Company's domestic activities are regulated by federal, state, and local statutes, regulations, and ordinances relating to environmental protection and worker health and safety.
Company Website
SEC Reports
Industry: Farm & Construction Equipment
Compare:CAT, DE, KMTUY, KUB, ZLIOF
Traded in other countries:JO3.Germany
ยป More Articles for JOY

Headlines

Articles On GuruFocus.com
3 Industrials with Very High Short-Selling Flows Jun 12 2013 
comment on JOY May 20 2013 
comment on JOY May 01 2013 
comment on JOY Apr 28 2013 
Tweedy Browne Global Value Fund Buys 5 New Stocks Apr 23 2013 
comment on JOY Apr 21 2013 
Brian Rogers of T Rowe Price Buys 4 New Stocks, Including Apple in Q1 Apr 17 2013 
comment on JOY Mar 15 2013 
comment on JOY Mar 15 2013 
comment on JOY Mar 14 2013 

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