JBI

Janus International Group

Industrial/Transportation, SPAC


Presented:02/12/2021
Price:$13.44
Cap:$0.58B
Current Price:$10.40
Cap:$1.51B

Presented

Date02/12/2021
Price$13.44
Market Cap$0.58B
Ent Value$0.45B
P/E RatioN/A
Book Value$7.79
Div Yield0%
Shares O/S43.13M
Ave Daily Vol813,201
Short Int5.36%

Current

Price$10.40
Market Cap$1.51B
Janus International Group, Inc. manufacturers and supplies turn-key self-storage, and commercial and industrial building solutions in North America and internationally. It offers self-storage doors and hallways, including roll up and swing doors, hallway systems, relocatable storage units, and facility and door automation technologies. The company also provides Noke smart entry system. Janus International Group, Inc. is headquartered in Temple, Georgia.

Please note, on 6/8/21 Juniper Industrial Holdings (JIH) merged with Janus International Group (JBI) and assumed its company name. The content of this idea will make reference to the original SPAC.

Publicly traded companies mentioned herein: Allegion Plc (ALLE), Extra Space Storage Inc (EXR), Honeywell International Inc (HON), Juniper Industrial Holdings Inc (JIH), Public Storage (PSA), Vertiv Holdings Co (VRT)

Highlights

The presenter is long shares of the SPAC, Juniper Industrial Holdings Inc (JIH), which on December 22, 2020 announced a definitive agreement for Janus International to become a public company through a merger with JIH. Upon closing of the transaction, Janus will be listed on the NYSE under the ticker symbol JBI. The business is currently trading 13.5x - 14x 2022 EBITDA, which is a 3 - 4 turn discount to slower growing peers like ALLE. 

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Idea Discussion

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