Corporate Webpages Gymboree Corporation
Gymboree was a business venture that was launched in the 1970's.
It has found a niche in the retail clothing industry along with
companies like Childrens Place by designing, manufacturing, and
retailing clothing mainly for kids in their very early years.
The name stems from a start offering exercise classes for toddlers.
Franchises were set up, and minimal rates were charged to
parents for 45-minute sessions in churches and community halls.
By the mid-1980's the corporation had acquired enough capital
from operations and venture partners to open up retails clothing
stores. In the mid-2000's the company attempted to expand its
offerings with new stores for women in their late 30's. The
company is also pinning a lot of hopes for future expansion on
its "Janie and Jack" stores.
The corporation has an acceptable Zenith Index and buy ratings
from Street.Com and Market Grader, our two researchers most
concerned with fundamentals. The company has no debt. We feel
executives are overpaid, and corporate governance is lacking.
Insider activity is very negative. The company stock has been
in a decline for some time due to disappointing earnings, and
news on the company consists of regularly-released "guidance"
offerings which are usually upbeat.
We have replaced our "MACD" intraday rating offering (which was
never used in the Decision Matrix) with a new "Right Time Study"
from TBSP.Com. We felt the MACD study was too short-term, while
the Right Time Study gives signals over a longer period, and we
are using that in our revised Decision Matrix starting with this
review.
After evaluating all our technical indicators, we feel this
stock represents a buying opportunity after it has been beaten
down somewhat by recent events. The fundamental strength is
still there and the intrinsic value suggests further growth is likely.
It is important to bear in mind that this San Francisco-based chain which operates in
many shopping malls across the country competes with the likes of Target and The Gap.
12-11-2009: Gymboree Corporation (GYMB): Recent Weakness Presents Buying Opportunity
(WAIT FOR PAGE TO LOAD COMPLETELY BEFORE LINKS WORK.)
Company Profile
Company History
News
Comparison with Peers
Bond Issue
Zenith Index
Financial Statements
Financial Ratios
Market Grader
Intrinsic Value (Disc. CashFlow)
Intrinsic Value (Proj. Earnings)
Scout Stock Rating
Projected Earnings
Research Reports
Analysts' Opinions
Insider Activity
Institutional Activity
Sentiment
Short Interest
Stock Report
Management's Discussion
Moving Average Chart
Right Time Study
Intraday Chart
Channel Potential
Stock Fetcher
Point & Figure Chart
Wall Street Analyzer
Marketspace Chart
Time Series Forecast
Neural Network Prediction
Stock Options
Ultimate Trading Systems
Recommendation
Corporate Wepages
Company Profile |
Company History |
News |
Comparison |
Similar Companies Performance:
Bond Issue |
Zenith Index |
Gymboree Corp. (GYMB ) Sector: Services
500 Howard Street Industry: Apparel Stores
San Francisco, CA 94105 Exchange: Nasdaq
The Gymboree Corporation, a specialty retailer, operates stores
offering apparel, accessories, and play programs for children in the
United States, Canada, and Puerto Rico. The company offers apparel
and accessories under the GYMBOREE, GYMBOREE OUTLET, JANIE AND JACK,
and Crazy 8 brands; and play programs under the GYMBOREE PLAY &
MUSIC brand. It operates in five divisions: Gymboree, Gymboree
Outlet, Janie and Jack, Crazy 8, and Gymboree Play & Music. The
Gymboree division operates stores that offer apparel and accessories
for children in sizes newborn through 12. The Gymboree Outlet
division, through its stores, provides children-Ęs apparel and
accessories at outlet prices in sizes newborn through 12. The Janie
and Jack division operates shops that offer crafted clothing and
accessories for boys and girls in sizes newborn through 8. The Crazy
8 division, through its stores, provides age-appropriate apparel for
boys and girls in sizes newborn through 14. The Gymboree Play &
Music division offers parent-child programs for children ages
newborn to 5 years, including various classes developed by early
childhood experts, as well as birthday parties and developmental
toys, books, and music. As of January 31, 2009, the company operated
886 retail stores, including 584 Gymboree stores, 117 Gymboree
Outlet stores, 115 Janie and Jack shops, and 38 Crazy 8 stores in
the United States; 29 Gymboree stores in Canada; and 2 Gymboree
stores and 1 Gymboree Outlet store in the Puerto Rico. The company
also operated three online stores at gymboree.com, janieandjack.com,
and crazy8.com. The Gymboree Corporation was founded in 1976 and is
based in San Francisco, California.
Last Trade: 40.27 52-Week Range: 52.31 - 14.02
Trade Date: 12-09 Avg. Volume: 749,935 Shares
Index Membership: S&P 600 SmallCap Employees: 5,100
Corporate Governance:
Gymboree Corp.'s Corporate Governance Quotient (CGQ-«) as of 1-Dec-09
is better than 47.4% of S&P 600 companies and 65.6% of Retailing
companies.
EPS: 3.31 Dividend Amount: $ 0.00 Yield: 0.00%
Ex-Dividend Date: N/A Mkt Cap: $ 1,170,000K
Payout Ratio: 0.00%
Last Split Factor (new for old): 2:1 Split Date: 24-Aug-94
Key Statistics:
Enterprise Value: $ 951,470K Revenue (ttm) : $ 1,000,000K
Gross Profit: $ 476,200K
Earnings before Income Tax, Depreciation and Amortization: $ 190,310K
Enterprise Value/Revenue (ttm): 0.95 Revenue per Share: $ 35.19
Enterprise Value/EBITDA (ttm): 5.00 Qtrly Rev Growth (y to y): 1.90%
P/E Ratio (fwd projected): 10.98 P/E Ratio (current): 12.19
P/E Growth Ratio (5 yr expected): 1.00 Operating Margin: 15.30%
Price/Sales Ratio: 1.16 Profit Margin: 9.78%
Price/Book Value: 2.73 Book Value: $ 14.71/sh.
Return on Assets: 17.18% Net Income Avl to Common: $ 98,210K
Return on Equity: 27.05% Diluted Earnings/Share: $ 3.31
Qrtly Earnings Growth (yoy): 12.30%
Balance Sheet Items : Cash Flow Items (ttm):
(most recent qrtr) (trailing 12 mo.)
Total Cash: $ 212,110K Operating Cash Flow:$ 0K
Total Debt: $ 0K Lvgd Free Cash Flow:$ 0K
Total Debt/Equity: 0.00
Total Cash/Share: $ 7.33
Current Ratio: 3.35
Share Statistics: Stock Price History:
Shares Outstanding: 28,950K Stk 52-Week Change: 57.24%
Float: 27,630K S&P 500 52-Wk Chng: 22.87%
Sh. Short % of Float: 17.50% 50-Day Moving Avg: 42.75
Short Ratio: 6.30 200-Day Moving Avg: 41.57
% Held by Institutions: 103.00% Beta: 1.07
% Held by Insiders: 2.36%
Analysts' Estimates: Cur. Qtr Next Qtr Cur. Year Next Year
___________________________ Jan-10 Apr-10 Jan-10 Jan-11
Average Earnings Estimate 1.05 0.86 3.36 3.67
Average Revenue Estimate 295M 253M 1,010M 1,090M
Factors Comparing This Company to Its Industry Leader (1.0 = Average):
Long Term EPS Growth Rate (5 yr): 0.000 EPS Growth (Qrtly YoY): 0.008
PEG Ratio (ttm, 5 yr expected): 0.055 P/E Ratio (ttm): 0.058
Revenue Growth (Qrtly YoY): 0.057
Annual Income Statements: All numbers in thousands)
Period Ending 31-Jan-09 2-Feb-08 3-Feb-07
Total Revenue 1,000,678 920,814 791,638
Cost of Revenue 524,477 478,020 407,180
Gross Profit 476,201 442,794 384,458
Operating Expenses:
Research & Development 0 0 0
Selling, General & Administrative 327,893 312,549 278,294
Non-Recurring Expenses 0 0 0
Other Operating Expenses 0 0 0
Total Operating Expenses 0 0 0
Operating Income or Loss 148,308 130,245 106,164
Income from Continuing Operations:
Total Other Income/Expenses Net 1,539 3,378 6,874
Earnings Before Interest & Taxes 149,847 133,623 113,038
Interest Expense 208 179 232
Income Before Taxes 149,639 133,444 112,806
Income Tax Expense 56,159 53,113 41,655
Minority Interest 0 0 0
Net Income from Continuing Op.s 93,480 80,331 71,151
Non-recurring Events:
Discontinued Operations 0 0 -10,901
Extraordinary Items 0 0 0
Effect of Accounting Changes 0 0 0
Other Items 0 0 0
Net Income 93,480 80,331 60,250
Preferred Stock & Other Adjustmnts 0 0 0
Net Income Avail To Common Shares 93,480 80,331 60,250
Quarterly Income Statements: All numbers in thousands)
Period Ending 1-Aug-09 2-May-09 31-Jan-09 1-Nov-08
Total Revenue 215,394 230,875 288,721 264,104
Cost of Revenue 122,166 121,346 164,465 129,519
Gross Profit 93,228 109,529 124,256 134,585
Operating Expenses:
Research & Development 0 0 0 0
Selling, General & Adminis. 75,809 73,345 80,624 84,377
Non-Recurring Expenses 0 0 0 0
Other Operating Expenses 0 0 0 0
Total Operating Expenses 0 0 0 0
Operating Income or Loss 17,419 36,184 43,632 50,208
Income from Continuing Operations:
Total Other Income/Expenses Net 202 307 690 151
Earnings Before Int. & Taxes 17,621 36,491 44,322 50,359
Interest Expense 0 0 208 0
Income Before Taxes 17,621 36,491 44,114 50,359
Income Tax Expense 5,459 14,684 14,630 19,412
Minority Interest 0 0 0 0
Net Income from Continuing Op.s 12,162 21,807 29,484 30,947
Non-recurring Events:
Discontinued Operations 0 0 0 0
Extraordinary Items 0 0 0 0
Effect of Accounting Changes 0 0 0 0
Other Items 0 0 0 0
Net Income 12,162 21,807 29,484 30,947
Preferred Stock & Other Adj.s 0 0 0 0
Net Income Avail To Common Shs 12,162 21,807 29,484 30,947
Annual Balance Sheets: All Numbers in Thousands
Period Ending 31-Jan-09 2-Feb-08 3-Feb-07
Current Assets:
Cash & Cash Equivalents 140,472 33,313 27,493
Short Term Investments 0 0 129,325
Net Receivables 33,843 24,292 22,286
Inventory 114,972 119,523 104,293
Other Current Assets 4,596 12,096 10,449
Total Current Assets 293,883 189,224 293,846
Long-Term Investments 0 0 0
Property, Plant & Equipt 204,227 185,357 150,251
Goodwill 0 0 0
Intangible Assets 0 1,575 1,401
Accumulated Amortization 0 0 0
Other Assets 1,621 0 0
Deferred Long Term Asset Charges 20,850 21,028 8,710
Total Assets 520,581 397,184 454,208
Current Liabilities:
Accounts Payable 91,116 60,904 130,208
Short/Current Long Term Debt 0 0 0
Other Current Liabilities 22,727 70,282 1,928
Total Current Liabilities 113,843 131,186 132,136
Long Term Debt 0 0 0
Other Liabilities 40,936 5,981 0
Deferred LT Liability Charges 31,527 51,722 46,345
Minority Interest 0 0 0
Negative Goodwill 0 0 0
Total Liabilities 186,306 188,889 178,481
Stockholder Equity:
Misc. Stocks Options Warrants 0 0 0
Redeemable Perferred Stock 0 0 0
Preferred Stock 0 0 0
Common Stock 175,519 140,012 132,603
Retained Earnings 160,178 67,340 144,097
Treasury Stock 0 0 0
Capital Surplus 0 0 0
Other Stockholder Equity -1,422 943 -973
Total Stockholder Equity 334,275 208,295 275,727
Net Tangible Assets 334,275 206,720 274,326
Quarterly Balance Sheets: All Numbers in Thousands
Period Ending 1-Aug-09 2-May-09 31-Jan-09 1-Nov-08
Current Assets:
Cash & Cash Equivalents 164,745 150,190 140,472 93,153
Short Term Investments 0 0 0 0
Net Receivables 30,508 38,359 33,843 27,608
Inventory 129,293 100,242 114,972 142,042
Other Current Assets 27,049 13,133 4,596 13,115
Total Current Assets 351,595 301,924 293,883 275,918
Long-Term Investments 0 0 0 0
Property, Plant & Equipt 209,961 204,628 204,227 206,630
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Accumulated Amortization 0 0 0 0
Other Assets 3,765 2,936 1,621 1,769
Deferred LT Asset Charges 0 0 22,727 0
Total Assets 582,374 528,247 520,581 500,626
Current Liabilities:
Accounts Payable 126,178 92,947 91,116 130,207
Current Portion LT Debt 0 0 0 0
Other Current Liabilities 0 0 0 0
Total Current Liabilities 126,178 92,947 113,843 130,207
Long Term Debt 0 0 0 0
Other Liabilities 5,268 75,683 40,936 5,810
Deferred LT Liab. Charges 71,236 0 31,527 64,462
Minority Interest 0 0 0 0
Negative Goodwill 0 0 0 0
Total Liabilities 202,682 168,630 186,306 200,479
Stockholder Equity:
Misc. Options, WarrantS 0 0 0 0
Redeemable Perferred Stock 0 0 0 0
Preferred Stock 0 0 0 0
Common Stock 185,916 178,889 175,519 169,341
Retained Earnings 194,147 181,986 160,178 130,694
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Other Stockholder Equity -371 -1,258 -1,422 112
Total Stockholder Equity 379,692 359,617 334,275 300,147
Net Tangible Assets 379,692 359,617 334,275 300,147
Annual Cash Flow: All Numbers in Thousands
Period Ending 31-Jan-09 2-Feb-08 3-Feb-07
Net Income 93,480 21,807 60,250
Operating Activites:
Depreciation 34,854 31,151 28,769
Adjustments to Net Income 16,874 7,808 10,991
Changes in Accounts Recv'bls -6,122 424 -797
Changes in Liabilities 4,635 4,804 32,742
Changes in Inventories 3,895 -14,874 -3,622
Changes in Other Op'ing Actv's 0 -1,777 -6,641
Total Cash Flow fr Operations 155,024 107,867 121,692
Investing Activities:
Capital Expenditures -56,184 -68,794 -38,722
Investments 0 129,325 -14,325
Other Cash Flows fr Investing 0 0 189
Total Cash Flows fr Investing -56,114 60,531 0
Financing Acitivies:
Dividends Paid 0 0 0
Sale or Purchase of Stock 3,705 -167,676 -81,698
Net Borrowings 0 0 0
Other Cash Flows fr Financing 6,023 3,330 8,475
Total Cash Flows fr Financing 9,728 0 0
Effect of Exchange Rate Change -1,479 1,768 -155
Change in Cash & Cash Equiv.s 107,159 5,820 -4,544
Quarterly Cash Flow: All Numbers in Thousands
Period Ending 1-Aug-09 2-May-09 31-Jan-09 1-Nov-08
Net Income 12,162 21,807 29,484 30,947
Operating Activites:
Depreciation 9,194 8,983 9,072 8,761
Adjustments to Net Income 7,156 8,562 -2,862 9,595
Changes in Accounts Recv'bls 8,088 -5,881 -2,946 873
Changes in Liabilities 31,123 -15,911 -10,638 902
Changes in Inventories -28,647 14,514 26,477 -13,254
Changes in Other Oper'g Acts -17,277 -9,833 7,978 28,407
Total Cash Flow f Operations 21,799 22,241 56,565 66,231
Investing Activities:
Capital Expenditures -10,205 -9,048 -9,931 -16,240
Investments 0 0 0 0
Other Cash Flows fr Investing 0 0 0 23
Total Cash Flows fr Investing -10,205 -9,048 -9,931 -16,217
Financing Acitivies:
Dividends Paid 0 0 0 0
Sale or Purchase of Stock 1,074 -4,021 819 258
Net Borrowings 0 0 0 0
Other Cash Flows fr Financing 1,090 329 -165 434
Total Cash Flows fr Financing 2,164 -3,692 654 692
Effect of Exchange Rate Chg 797 217 31 -1,328
Change in Cash & Cash Equiv. 14,555 9,718 47,319 49,378
GYMB Gymboree Corp. [Indices near +3.0 or near zero,
or < zero bear special attention.]
P/E Ratio Tests:
Current P/E Ratio < 28? 2.2970 P/E Ratio > 5? 1.0000
P/E Ratio Vs Growth Rate: 1.0000 Forward P/E Ratio < 28? 2.5501
Sales Tests:
Price/Sales Ratio < 2.3? 1.9828 Inventory/Sales < 5%? 0.4352
Sales < $1 billion? 0.9993 Operating Margin < 7.5%? 0.4902
Balance Sheet Tests:
Debt/Equity < 0.40? 1.0000 Long-Term Debt Service: 3.0000
LTD Being Reduced? 1.0000 Short-Term Debt Service: 3.0000
Current Ratio > 2? 1.6760 Working Capital >= 1.5? 0.7177
Leverage Ratio < 20%? 3.0000 Debt / Assets < 1? 1.0000
Quick Ratio > 1? 1.5474 Inventory Turnover > 1? 1.7055
Shares Out Decreasing? 1.2000 Market Cap.> 1.5 Billion? 1.2821
Profit Margin > 7.5%? 1.3040
Income Tests:
Dividend Yield > 2.0%? 0.0000 EPS Annual Growth > 10%? 0.0000
Enterprise Value/Revenue: 0.6333 EPS 5-yr Growth > 20%? 0.0000
Enterprise Value/EBITDA: 0.7143 EPS Growth Consistent? 1.2000
EPS Qrtly Growth > 10%? 1.2300 Collection < 45 days? 3.0000
Rev. Qtrly Growth > 15%? 0.2850 Gross Pft/Cur. LTD < 1? 3.0000
EPS Annual Growth > 10%? 0.0000 Borrowing Int. Rate< 6%? 1.0000
Stock Performance Tests:
Volatility > 25%? 3.0000 % Held by Insiders < 5%? 2.1186
Beta > 1.25? 0.8560 % Held by Institut. < 50? 0.4854
50 Da MA > 200 Da MA? 0.0879 % Held by Institut. > 30? 3.0000
52-Wk Change vs. S&P 500: 1.5247 Short Ratio > 5? 1.2600
Price/Book Value < 3? 1.2700 Short % of Float > 20? 0.8750
Return on Assets > 17%? 1.0106 Average Volume > 100,000? 3.0000
Cash Flow Tests:
Oper. C.F. > Lever'd C.F: 1.0000 Positive Free Cash Flow? 0.0000
Positive Oper. Cash Flow? 0.0000 Price to C.F./sh. Ratio: 0.0000
Cash Flow / Assets >.10? 0.0000
GYMB Gymboree Corp. Overall Zenith Index: 1.3416
Financial Statements |
Financial Ratios |
. . . . . . . . . . . . 1 = Highest , 10 = Lowest
Market Grader |
Intrinsic Value |
Intrinsic Value by Discounted Cash Flow Method:
Intrinsic Value |
Intrinsic Value by Projected Earnings Growth Method:
Stock Scout |
We find "Scout" to be a bit biased toward the high end, so anything under a 6 is considered a negative, 6 and above, positive.
Projected Earnings |
Research Reports |
Analysts' Opinions |
Insider Activity |
Institutional Activity |
Institutional Orders to Buy or Sell:
Sentiment |
Zenith uses the "sentiment" score above or below 50 to award a positive or negative point in the Decision Matrix.
Short Interest Ratio |
As the short interest rises as a percentage of average daily share volume (Days to Cover), this is considered a measure of negative sentiment. Similarly, a decrease in that percentage is considered positive sentiment.
Stock Report |
Management's Discussion of Results of Operations Excerpts |
Moving Average Chart |
Right Time Study |
Intraday Chart |
20 Days:
Channeling Potential |
The summary below includes a value for `Degree,' which refers on a
scale of 1 to 10 the range of a channel in the period under consi-
deration compared to the total range of price movement. It also looks
for the last closing price to be within the channel, otherwise zeroed.
The `Index' is the `Degree' weighted for volatility. Generally, the
the higher the index, the more suitable is the stock for trading as
a `rolling stock' between channel high and low points.
Results for Gymboree Corp.:
Symbol? GYMB
Total Months Available: 119
Months in Cycle? 4
Months Covered by Periods: 12
Period 1 Period 2 Period 3
H1 L1 H2 L2 H3 L3
28.18 14.02 43.73 27.00 52.31 38.84
RANGE = 52.31 TO 14.02 Close = 40.51
CHANNEL = 38.84 TO 28.18 Degree = 3
Volatility = 26.31% Index = 7
Stock Fetcher |
Point & Figure Chart |
Wall Street Analyzer |
Marketspace Chart |
Time Series Forecast |
Neural Network Prediction |
"Neurostock" can only track long trades. Therefore its performance, as tracked by itself on stocks which are consistently falling, may not appear as good as it could if each "sell" signal were a "short sale."
Ultimate Trading Systems |
The "ultimate systems" are inconclusive, giving no clear confirmed signals.
The corresponding trades for the above chart are shown in tabular form below.
Recommendation |
| Factors | Weighted Points |
|---|---|
| News | + 1 |
| Comparison | - 1 |
| Industry | + 1 |
| Bond Issue | 0 |
| Zenith Index | + 1 |
| GAAP vs. non-GAAP Earnings < 1% | + 1 |
| Cash Flow | + 1 |
| Ratios | + 1 |
| Market Grader | + 1 |
| Intrinsic Value DCF | + 1 |
| Intrinsic Value DDM | + 1 |
| Stock Scout | - 1 |
| Projected Earnings | + 1 |
| Research Reports | + 1 |
| Analysts | + 1 |
| Executive Perquisites | - 1 |
| Insider Activity | - 1 |
| Institutional Activity | + 1 |
| Management Reporting | + 1 |
| Short Interest | + 1 |
| Sentiment | - 1 |
| Standard & Poor's | + 1 |
| Moving Average | + 1 |
| Right Time Study | - 1 |
| Stock Fetcher | 0 |
| Point & Figure | - 1 |
| Wall Street Analyzer | - 1 |
| Marketspace Chart | + 1 |
| Time Series Chart | + 1 |
| Neural Network | + 1 |
| Stock Options | + 1 |
| Ultimate Trading Systems | 0 |
| Total | + 13 |
Place 730 shares of Gymboree Corporation (GYMB) on the Active List.
