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JDG

Judges Scientific AIM:JDG Stock Report

Last Price

UK£73.40

Market Cap

UK£466.4m

7D

7.0%

1Y

22.3%

Updated

03 Jul, 2022

Data

Company Financials +
JDG fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance5/6
Financial Health6/6
Dividends0/6

JDG Stock Overview

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

Judges Scientific Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Judges Scientific
Historical stock prices
Current Share PriceUK£73.40
52 Week HighUK£88.00
52 Week LowUK£58.00
Beta1.07
1 Month Change-12.20%
3 Month Change9.55%
1 Year Change22.33%
3 Year Change107.35%
5 Year Change310.06%
Change since IPO6,603.20%

Recent News & Updates

Shareholder Returns

JDGGB MachineryGB Market
7D7.0%-0.1%-1.1%
1Y22.3%-27.8%-9.7%

Return vs Industry: JDG exceeded the UK Machinery industry which returned -27.8% over the past year.

Return vs Market: JDG exceeded the UK Market which returned -9.7% over the past year.

Price Volatility

Is JDG's price volatile compared to industry and market?
JDG volatility
JDG Average Weekly Movement7.0%
Machinery Industry Average Movement4.9%
Market Average Movement5.4%
10% most volatile stocks in GB Market10.6%
10% least volatile stocks in GB Market2.8%

Stable Share Price: JDG is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: JDG's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2002519David Cicurelhttps://www.judges.uk.com

Judges Scientific plc designs, manufactures, and sells scientific instruments. The company operates through two segments, Materials Sciences and Vacuum. It offers engineering teaching and research equipment for universities, colleges, schools, and research centers; and research and development systems for food, beverage, dairy, edible oil, and pharmaceutical industries.

Judges Scientific Fundamentals Summary

How do Judges Scientific's earnings and revenue compare to its market cap?
JDG fundamental statistics
Market CapUK£466.41m
Earnings (TTM)UK£12.68m
Revenue (TTM)UK£91.29m

36.8x

P/E Ratio

5.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
JDG income statement (TTM)
RevenueUK£91.29m
Cost of RevenueUK£33.88m
Gross ProfitUK£57.41m
Other ExpensesUK£44.73m
EarningsUK£12.68m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Sep 22, 2022

Earnings per share (EPS)2.00
Gross Margin62.88%
Net Profit Margin13.89%
Debt/Equity Ratio39.2%

How did JDG perform over the long term?

See historical performance and comparison

Dividends

0.9%

Current Dividend Yield

33%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is JDG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for JDG?

Other financial metrics that can be useful for relative valuation.

JDG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue5.1x
Enterprise Value/EBITDA24.9x
PEG Ratio2.2x

Price to Earnings Ratio vs Peers

How does JDG's PE Ratio compare to its peers?

JDG PE Ratio vs Peers
The above table shows the PE ratio for JDG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average15.9x
LSC London Security
21.2xn/aUK£423.0m
PRV Porvair
22.8x5.5%UK£272.5m
MGAM Morgan Advanced Materials
11.5x9.5%UK£785.3m
VSVS Vesuvius
8.1x9.3%UK£822.3m
JDG Judges Scientific
36.8x16.4%UK£466.4m

Price-To-Earnings vs Peers: JDG is expensive based on its Price-To-Earnings Ratio (36.8x) compared to the peer average (15.9x).


Price to Earnings Ratio vs Industry

How does JDG's PE Ratio compare vs other companies in the European Machinery Industry?

Price-To-Earnings vs Industry: JDG is expensive based on its Price-To-Earnings Ratio (36.8x) compared to the UK Machinery industry average (16.8x)


Price to Earnings Ratio vs Fair Ratio

What is JDG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

JDG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio36.8x
Fair PE Ratio22.9x

Price-To-Earnings vs Fair Ratio: JDG is expensive based on its Price-To-Earnings Ratio (36.8x) compared to the estimated Fair Price-To-Earnings Ratio (22.9x).


Share Price vs Fair Value

What is the Fair Price of JDG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: JDG (£73.4) is trading below our estimate of fair value (£89.29)

Significantly Below Fair Value: JDG is trading below fair value, but not by a significant amount.


Price to Earnings Growth Ratio

PEG Ratio: JDG is poor value based on its PEG Ratio (2.2x)


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Future Growth

How is Judges Scientific forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


16.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JDG's forecast earnings growth (16.4% per year) is above the savings rate (0.9%).

Earnings vs Market: JDG's earnings (16.4% per year) are forecast to grow faster than the UK market (10.9% per year).

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

Revenue vs Market: JDG's revenue (11% per year) is forecast to grow faster than the UK market (4.1% per year).

High Growth Revenue: JDG's revenue (11% 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


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Past Performance

How has Judges Scientific performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


26.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: JDG has high quality earnings.

Growing Profit Margin: JDG's current net profit margins (13.9%) are higher than last year (10.3%).


Past Earnings Growth Analysis

Earnings Trend: JDG's earnings have grown significantly by 26.8% per year over the past 5 years.

Accelerating Growth: JDG's earnings growth over the past year (54.3%) exceeds its 5-year average (26.8% per year).

Earnings vs Industry: JDG earnings growth over the past year (54.3%) underperformed the Machinery industry 54.3%.


Return on Equity

High ROE: JDG's Return on Equity (29.7%) is considered high.


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Financial Health

How is Judges Scientific's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: JDG's short term assets (£49.7M) exceed its short term liabilities (£26.6M).

Long Term Liabilities: JDG's short term assets (£49.7M) exceed its long term liabilities (£18.9M).


Debt to Equity History and Analysis

Debt Level: JDG has more cash than its total debt.

Reducing Debt: JDG's debt to equity ratio has reduced from 72.5% to 39.2% over the past 5 years.

Debt Coverage: JDG's debt is well covered by operating cash flow (102.3%).

Interest Coverage: JDG's interest payments on its debt are well covered by EBIT (21.4x coverage).


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.90%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: JDG's dividend (0.9%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.89%).

High Dividend: JDG's dividend (0.9%) is low compared to the top 25% of dividend payers in the UK market (5.29%).


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.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

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


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Management

How experienced are the management team and are they aligned to shareholders interests?

10.5yrs

Average management tenure


CEO

David Cicurel (73 yo)

no data

Tenure

UK£255,000

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 since December 24, 2002. Mr. Cicurel is...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD306.77K) is below average for companies of similar size in the UK market ($USD1.06M).

Compensation vs Earnings: David's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: JDG's management team is seasoned and experienced (10.5 years average tenure).


Board Members

Experienced Board: JDG's board of directors are considered experienced (7.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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.


Top Shareholders

Company Information

Judges Scientific plc's 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
  • Implied Market Cap: UK£466.414m
  • Shares outstanding: 6.35m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/07/01 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.