AIM:JDG

Stock Analysis Report

Executive Summary

Judges Scientific plc designs, manufactures, and sells scientific instruments.

Snowflake

Fundamentals

Flawless balance sheet with outstanding track record.

Share Price & News

How has Judges Scientific's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: JDG's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

7.7%

JDG

0.4%

GB Machinery

-0.2%

GB Market


1 Year Return

100.8%

JDG

12.8%

GB Machinery

4.7%

GB Market

Return vs Industry: JDG exceeded the UK Machinery industry which returned 12.8% over the past year.

Return vs Market: JDG exceeded the UK Market which returned 4.7% over the past year.


Shareholder returns

JDGIndustryMarket
7 Day7.7%0.4%-0.2%
30 Day14.2%10.9%0.8%
90 Day47.1%6.5%3.7%
1 Year103.4%100.8%16.0%12.8%10.1%4.7%
3 Year289.7%274.1%34.7%24.3%20.9%5.6%
5 Year335.3%304.8%44.1%24.0%32.3%2.2%

Price Volatility Vs. Market

How volatile is Judges Scientific's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Judges Scientific undervalued compared to its fair value and its price relative to the market?

29.03x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: JDG (£50.6) is trading above our estimate of fair value (£28.65)

Significantly Below Fair Value: JDG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: JDG is poor value based on its PE Ratio (29x) compared to the Machinery industry average (17.5x).

PE vs Market: JDG is poor value based on its PE Ratio (29x) compared to the UK market (17.2x).


Price to Earnings Growth Ratio

PEG Ratio: JDG is poor value based on its PEG Ratio (3.1x)


Price to Book Ratio

PB vs Industry: JDG is overvalued based on its PB Ratio (8.7x) compared to the GB Machinery industry average (1.7x).


Next Steps

Future Growth

How is Judges Scientific forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

9.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JDG's forecast earnings growth (9.2% per year) is above the savings rate (1.2%).

Earnings vs Market: JDG's earnings (9.2% per year) are forecast to grow slower than the UK market (12.5% per year).

High Growth Earnings: JDG's earnings are forecast to grow, but not significantly.

Revenue vs Market: JDG's revenue (4.2% per year) is forecast to grow faster than the UK market (3.6% per year).

High Growth Revenue: JDG's revenue (4.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if JDG's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Judges Scientific performed over the past 5 years?

52.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JDG has high quality earnings.

Growing Profit Margin: JDG's current net profit margins (13.3%) are higher than last year (7.7%).


Past Earnings Growth Analysis

Earnings Trend: JDG's earnings have grown significantly by 52.5% per year over the past 5 years.

Accelerating Growth: JDG's earnings growth over the past year (85.1%) exceeds its 5-year average (52.5% per year).

Earnings vs Industry: JDG earnings growth over the past year (85.1%) exceeded the Machinery industry 8.7%.


Return on Equity

High ROE: JDG's Return on Equity (30.8%) is considered high.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Judges Scientific's financial position?


Financial Position Analysis

Short Term Liabilities: JDG's short term assets (£44.3M) exceeds its short term liabilities (£19.3M)

Long Term Liabilities: JDG's short term assets (£44.3M) exceeds its long term liabilities (15.8M)


Debt to Equity History and Analysis

Debt Level: JDG's debt to equity ratio (37%) is considered satisfactory.

Reducing Debt: JDG's debt to equity ratio has reduced from 59% to 37% over the past 5 years.

Debt Coverage: JDG's debt is well covered by operating cash flow (104.4%).

Interest Coverage: JDG's interest payments on its debt are well covered by EBIT (33.2x coverage).


Balance Sheet

Inventory Level: JDG has a high level of physical assets or inventory.

Debt Coverage by Assets: JDG's debt is covered by short term assets (assets are 3.3x debt).


Next Steps

Dividend

What is Judges Scientific's current dividend yield, its reliability and sustainability?

0.79%

Current Dividend Yield


Dividend Yield vs Market

company0.8%marketbottom25%2.0%markettop25%5.3%industryaverage2.7%forecastin3Years1.0%

Current dividend yield vs market & industry

Notable Dividend: JDG's dividend (0.79%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.97%).

High Dividend: JDG's dividend (0.79%) is low compared to the top 25% of dividend payers in the UK market (5.33%).


Stability and Growth of Payments

Stable Dividend: JDG is not paying a notable dividend for the UK market, therefore no need to check if payments are stable.

Growing Dividend: JDG is not paying a notable dividend for the UK market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: JDG is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of JDG's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

What is the CEO of Judges Scientific's salary, the management and board of directors tenure and is there insider trading?

7.8yrs

Average management tenure


CEO

David Cicurel (70yo)

0yrs

Tenure

UK£218,000

Compensation

Mr. David Elie Cicurel serves as the Chief Executive Officer of Judges Scientific plc and Judges Capital Plc. He is also Executive Director of Judges Scientific plc. Mr. Cicurel is responsible for a number ...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD281.56K) is below average for companies of similar size in the UK market ($USD894.69K).

Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.


Management Age and Tenure

7.8yrs

Average Tenure

56.5yo

Average Age

Experienced Management: JDG's management team is seasoned and experienced (7.8 years average tenure).


Board Age and Tenure

3.3yrs

Average Tenure

63yo

Average Age

Experienced Board: JDG's board of directors are considered experienced (3.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • David Cicurel (70yo)

    CEO & Executive Director

    • Tenure: 0yrs
    • Compensation: UK£218.00k
  • Glynn Reece (61yo)

    Company Secretary

    • Tenure: 0yrs
    • Compensation: UK£20.00k
  • Mark Lavelle (60yo)

    COO & Director

    • Tenure: 2yrs
    • Compensation: UK£236.00k
  • Sean Gregory (47yo)

    Managing Director of Fire Testing Technology Limited

    • Tenure: 21.3yrs
  • Brad Ormsby (43yo)

    Group Finance Director & Executive Director

    • Tenure: 4.7yrs
    • Compensation: UK£197.00k
  • Ian MacKenzie (70yo)

    Managing Director of PE fiberoptics Limited

    • Tenure: 0yrs
  • Gary Edwards (53yo)

    Managing Director of Deben UK Limited

    • Tenure: 0yrs
  • Karl Snelling (47yo)

    Managing Director of Global Digital Systems Limited

    • Tenure: 11.1yrs

Board Members

  • David Cicurel (70yo)

    CEO & Executive Director

    • Tenure: 0yrs
    • Compensation: UK£218.00k
  • Alex Hambro (57yo)

    Non-Executive Chairman

    • Tenure: 0yrs
    • Compensation: UK£39.00k
  • Ralph Elman (66yo)

    Non-Executive Director

    • Tenure: 0yrs
    • Compensation: UK£30.00k
  • Mark Lavelle (60yo)

    COO & Director

    • Tenure: 2yrs
    • Compensation: UK£236.00k
  • Ralph Cohen (71yo)

    Non-Executive Director

    • Tenure: 4.5yrs
    • Compensation: UK£26.00k
  • Brad Ormsby (43yo)

    Group Finance Director & Executive Director

    • Tenure: 4.7yrs
    • Compensation: UK£197.00k
  • Charles Holroyd (63yo)

    Senior Independent Non-Executive Director

    • Tenure: 1.4yrs
    • Compensation: UK£16.00k

Company Information

Judges Scientific plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Judges Scientific plc
  • Ticker: JDG
  • Exchange: AIM
  • Founded: 2002
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: UK£314.959m
  • Shares outstanding: 6.22m
  • Website: https://www.judges.uk.com

Number of Employees


Location

  • Judges Scientific plc
  • 52c Borough High Street
  • London
  • Greater London
  • SE1 1XN
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JDGAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJun 2005
JSCI.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 2005

Biography

Judges Scientific plc designs, manufactures, and sells scientific instruments. The company operates in two segments, Materials Sciences Group and Vacuum Group. It offers equipment for engineering education ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/21 20:33
End of Day Share Price2019/11/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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 here.