Judges Scientific Future Growth
Future criteria checks 3/6
Judges Scientific's revenue is forecast to decline at 0.9% per annum while its annual earnings are expected to grow at 41.6% per year. EPS is expected to grow by 16% per annum. Return on equity is forecast to be 17.2% in 3 years.
Key information
41.6%
Earnings growth rate
15.97%
EPS growth rate
| Machinery earnings growth | 12.6% |
| Revenue growth rate | -0.9% |
| Future return on equity | 17.20% |
| Analyst coverage | Low |
| Last updated | 24 Apr 2026 |
Recent future growth updates
Recent updates
Narrative Update • Jun 25
JDG: Auditor Switch And Dividend Policy Will Support Future Upside Potential
Analysts have maintained their fair value estimate for Judges Scientific at £64.50. This reflects a slightly lower discount rate and a broadly unchanged forward P/E assumption, which together support a stable price target view.Narrative Update • Jun 07
JDG: Stable Metrics And Dividend Payout Will Support Future Upside Potential
Analysts have kept their fair value estimate for Judges Scientific steady at £64.50, with only marginal tweaks to the discount rate and future P/E assumptions guiding a largely unchanged price target narrative. What's in the News At the Annual General Meeting held on 20 May 2026, shareholders approved a final dividend of 82.3 pence per ordinary share for Judges Scientific, according to company key developments.Narrative Update • May 17
JDG: Higher Future P/E Assumptions Will Support Upside From Here
Analysts have lifted their price target on Judges Scientific from £59.63 to £64.50, citing updated assumptions for the discount rate and future P/E, while keeping revenue growth and profit margin expectations broadly unchanged. Valuation Changes Fair Value: updated from £59.63 to £64.50, representing a modest uplift in the assessed share value.Narrative Update • Apr 25
JDG: Higher Margin Assumptions Will Support Upside Despite Recent Downgrade
Analysts have trimmed their price target on Judges Scientific, cutting it by £0.00 to reflect updated views on discount rates, expected revenue trends, profit margins and a lower future P/E multiple following recent research, including a downgrade at Jefferies. Analyst Commentary Recent research around Judges Scientific has focused squarely on how reliable future growth might be, how much investors should pay for that growth through the P/E multiple, and what discount rates make sense given current market conditions.Narrative Update • Apr 09
JDG: Higher Margin Assumptions Will Drive Long Term Upside After Recent Downgrades
Narrative Update The analyst price target for Judges Scientific has been reduced by £1.00. Analysts attribute the change to updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E following recent research updates from the Street.Narrative Update • Mar 25
JDG: Rebased Execution Will Drive Long Term Upside Despite Jefferies Downgrade
Analysts have trimmed their price target on Judges Scientific by £23, citing recent downgrades and updated return assumptions, while keeping fair value estimates broadly unchanged. Analyst Commentary Recent research points to a more cautious stance on Judges Scientific, with price targets trimmed and ratings adjusted as analysts revisit assumptions on returns and execution risk.Narrative Update • Mar 08
JDG: Rebased Expectations Will Support Long Term Upside Despite Recent Downgrades
Narrative Update: Judges Scientific The analyst price target for Judges Scientific has been reduced by £23.00. Analysts have cited recent rating and target cuts as they reassess assumptions around required returns and long term earnings multiples.Narrative Update • Feb 20
JDG: Leadership Transition And Trimmed Expectations Will Support Long Term Upside
Analysts have trimmed their price targets on Judges Scientific, including a reported £23.00 cut from one firm. This reflects updated views on risk, growth and margins, while leaving their fair value assessment broadly unchanged.
New Narrative • Feb 10
Long Term Research Demand And Acquisitions Will Support Future Upside Potential
Catalysts About Judges Scientific Judges Scientific acquires and operates specialist scientific instrument manufacturers that sell globally into research and industrial end markets. What are the underlying business or industry changes driving this perspective?Narrative Update • Feb 06
JDG: Leadership Change And Higher Future P/E Will Support Long Term Upside
Analysts have reduced their price target on Judges Scientific from £67.36 to £60.63, citing updated assumptions around slightly softer revenue growth, slimmer profit margins, a higher discount rate, and a richer future P/E multiple. Analyst Commentary Recent research has focused on how updated assumptions around revenue growth, margins, and valuation multiples affect the risk and reward profile for Judges Scientific.
New Narrative • Jan 27
Pessimistic View Expects Research Headwinds And Acquisition Constraints To Pressure Future Performance
Catalysts About Judges Scientific Judges Scientific acquires and operates specialist scientific instrument businesses that sell measurement and analysis equipment into research and industrial markets. What are the underlying business or industry changes driving this perspective?Narrative Update • Jan 22
JDG: Leadership Transition In 2026 Will Support Future Cash Generation Focus
Analysts have revised their implied fair value for Judges Scientific to £67.36 from £87.56, citing updates to discount rate assumptions, revenue growth expectations, profit margin outlook, and a higher future P/E multiple in their models. What's in the News Founder and Chief Executive Officer David Cicurel has informed the Board that he plans to step back from his role as CEO on 9 February 2026, after more than 20 years leading Judges Scientific and shaping its decentralised group of niche scientific businesses (Key Developments).Analysis Article • Dec 23
Subdued Growth No Barrier To Judges Scientific plc (LON:JDG) With Shares Advancing 25%
Judges Scientific plc ( LON:JDG ) shareholders are no doubt pleased to see that the share price has bounced 25% in the...Analysis Article • Sep 21
Judges Scientific (LON:JDG) Has Announced A Dividend Of £0.327
Judges Scientific plc's ( LON:JDG ) investors are due to receive a payment of £0.327 per share on 7th of November...Analysis Article • Jul 29
Some Judges Scientific plc (LON:JDG) Shareholders Look For Exit As Shares Take 26% Pounding
Judges Scientific plc ( LON:JDG ) shares have retraced a considerable 26% in the last month, reversing a fair amount of...Analysis Article • Jul 25
Are Judges Scientific plc (LON:JDG) Investors Paying Above The Intrinsic Value?
Key Insights Judges Scientific's estimated fair value is UK£49.87 based on 2 Stage Free Cash Flow to Equity Judges...Analysis Article • Jun 20
Judges Scientific (LON:JDG) Could Be Struggling To Allocate Capital
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...Analysis Article • May 19
Judges Scientific plc (LON:JDG) Stocks Shoot Up 28% But Its P/E Still Looks Reasonable
Judges Scientific plc ( LON:JDG ) shares have had a really impressive month, gaining 28% after a shaky period...Analysis Article • May 18
Judges Scientific's (LON:JDG) Upcoming Dividend Will Be Larger Than Last Year's
Judges Scientific plc ( LON:JDG ) has announced that it will be increasing its dividend from last year's comparable...Analysis Article • Apr 29
Judges Scientific (LON:JDG) Is Increasing Its Dividend To £0.748
Judges Scientific plc's ( LON:JDG ) dividend will be increasing from last year's payment of the same period to £0.748...Analysis Article • Apr 04
Investors Interested In Judges Scientific plc's (LON:JDG) Earnings
When close to half the companies in the United Kingdom have price-to-earnings ratios (or "P/E's") below 14x, you may...Analysis Article • Mar 22
Judges Scientific (LON:JDG) Is Increasing Its Dividend To £0.748
Judges Scientific plc ( LON:JDG ) has announced that it will be increasing its dividend from last year's comparable...
New Narrative • Mar 13
Future Acquisitions And India Expansion Will Leverage Global Manufacturing Trends
Strategic acquisitions and disciplined buy-and-build approach drive steady revenue, improved margins, and enhanced shareholder value through low-capital financing.Analysis Article • Nov 19
Returns On Capital At Judges Scientific (LON:JDG) Paint A Concerning Picture
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...Analysis Article • Jun 26
Estimating The Fair Value Of Judges Scientific plc (LON:JDG)
Key Insights Using the 2 Stage Free Cash Flow to Equity, Judges Scientific fair value estimate is UK£81.55 With...Analysis Article • Jun 13
Shareholders Should Be Pleased With Judges Scientific plc's (LON:JDG) Price
With a price-to-earnings (or "P/E") ratio of 69.9x Judges Scientific plc ( LON:JDG ) may be sending very bearish...Analysis Article • Apr 23
Judges Scientific (LON:JDG) Will Want To Turn Around Its Return Trends
What are the early trends we should look for to identify a stock that could multiply in value over the long term...Analysis Article • Mar 28
Judges Scientific's (LON:JDG) Soft Earnings Are Actually Better Than They Appear
Investors were disappointed with the weak earnings posted by Judges Scientific plc ( LON:JDG ). Despite the soft profit...Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2028 | 141 | 17 | 15 | 23 | 4 |
| 12/31/2027 | 134 | 8 | 14 | 22 | 5 |
| 12/31/2026 | 127 | 6 | 12 | 20 | 5 |
| 12/31/2025 | 146 | 6 | 22 | 30 | N/A |
| 9/30/2025 | 144 | 8 | 26 | 32 | N/A |
| 6/30/2025 | 143 | 11 | 29 | 35 | N/A |
| 3/31/2025 | 138 | 11 | 26 | 32 | N/A |
| 12/31/2024 | 134 | 10 | 22 | 29 | N/A |
| 9/30/2024 | 135 | 12 | 18 | 25 | N/A |
| 6/30/2024 | 136 | 13 | 14 | 21 | N/A |
| 3/31/2024 | 136 | 11 | 17 | 24 | N/A |
| 12/31/2023 | 136 | 10 | 21 | 27 | N/A |
| 9/30/2023 | 132 | 10 | 20 | 25 | N/A |
| 6/30/2023 | 128 | 11 | 20 | 24 | N/A |
| 3/31/2023 | 121 | 12 | 17 | 23 | N/A |
| 12/31/2022 | 113 | 13 | 14 | 22 | N/A |
| 9/30/2022 | 104 | 11 | 12 | 20 | N/A |
| 6/30/2022 | 95 | 10 | 9 | 17 | N/A |
| 3/31/2022 | 93 | 11 | 12 | 17 | N/A |
| 12/31/2021 | 91 | 13 | 14 | 17 | N/A |
| 9/30/2021 | 88 | 11 | 14 | 16 | N/A |
| 6/30/2021 | 85 | 10 | 14 | 15 | N/A |
| 3/31/2021 | 83 | 9 | 12 | 14 | N/A |
| 12/31/2020 | 80 | 8 | 11 | 12 | N/A |
| 9/30/2020 | 80 | 9 | 12 | 13 | N/A |
| 6/30/2020 | 80 | 9 | 12 | 14 | N/A |
| 3/31/2020 | 81 | 10 | 14 | 15 | N/A |
| 12/31/2019 | 82 | 11 | 16 | 17 | N/A |
| 9/30/2019 | 82 | 11 | N/A | 16 | N/A |
| 6/30/2019 | 81 | 11 | N/A | 15 | N/A |
| 3/31/2019 | 79 | 10 | N/A | 14 | N/A |
| 12/31/2018 | 78 | 8 | N/A | 13 | N/A |
| 9/30/2018 | 77 | 7 | N/A | 13 | N/A |
| 6/30/2018 | 76 | 6 | N/A | 12 | N/A |
| 3/31/2018 | 73 | 5 | N/A | 11 | N/A |
| 12/31/2017 | 71 | 4 | N/A | 11 | N/A |
| 9/30/2017 | 67 | 3 | N/A | 9 | N/A |
| 6/30/2017 | 63 | 3 | N/A | 7 | N/A |
| 3/31/2017 | 60 | 1 | N/A | 6 | N/A |
| 12/31/2016 | 57 | 0 | N/A | 5 | N/A |
| 9/30/2016 | 58 | 1 | N/A | 6 | N/A |
| 6/30/2016 | 59 | 1 | N/A | 7 | N/A |
| 3/31/2016 | 57 | 1 | N/A | 7 | N/A |
| 12/31/2015 | 56 | 1 | N/A | 7 | N/A |
| 9/30/2015 | 50 | 0 | N/A | 6 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: JDG's forecast earnings growth (41.6% per year) is above the savings rate (3.4%).
Earnings vs Market: JDG's earnings (41.6% per year) are forecast to grow faster than the UK market (11.4% per year).
High Growth Earnings: JDG's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: JDG's revenue is expected to decline over the next 3 years (-0.9% per year).
High Growth Revenue: JDG's revenue is forecast to decline over the next 3 years (-0.9% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: JDG's Return on Equity is forecast to be low in 3 years time (17.2%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/30 05:06 |
| End of Day Share Price | 2026/06/30 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Judges Scientific plc is covered by 5 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Andrew Simms | Berenberg |
| Scott Cagehin | Investec Bank plc (UK) |
| Sanjay Vidyarthi | Panmure Liberum |