JYC 0.00% $3.88 joyce corporation ltd

Hi,JB Hifi today announced the acquisition of e&s : "premium...

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    Hi,
    JB Hifi today announced the acquisition of e&s : "premium offering across kitchen, laundry and bathroom products".
    I wonder if this business is comparable to KWB.
    My understanding is that KWB is doing whole kitchens, while e&s seems more focused on specific products to integrate in a kitchen in particular.

    Anyway, some interesting comparisons between the 2 companies :
    - e&s has an EBITDA margin of only 3 % vs 20 %+ for KWB,
    - e&s and KWB are selling only via showrooms, which limits their inventory risk,
    - the 2 companies are now in different geographic areas : e&s almost exclusively in Victoria (10 showrooms there + 1 to open in ACT) while KWB 25 showrooms are across QLD, NSW and SA.
 
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