JTC Future Growth

Future criteria checks 4/6

JTC is forecast to grow earnings and revenue by 29.2% and 17.1% per annum respectively. EPS is expected to grow by 26.2% per annum. Return on equity is forecast to be 15.6% in 3 years.

Key information

29.2%

Earnings growth rate

26.2%

EPS growth rate

Capital Markets earnings growth	18.8%
Revenue growth rate	17.1%
Future return on equity	15.6%
Analyst coverage	Good
Last updated	09 Dec 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

BATS-CHIXE:JTCL - Analysts future estimates and past financials data (GBP Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	452	78	105	133	8
12/31/2025	386	57	80	107	8
12/31/2024	310	45	64	95	8
6/30/2024	283	29	75	86	N/A
3/31/2024	270	25	75	83	N/A
12/31/2023	257	22	75	81	N/A
9/30/2023	243	24	68	74	N/A
6/30/2023	229	25	60	66	N/A
3/31/2023	214	30	52	60	N/A
12/31/2022	200	35	45	53	N/A
9/30/2022	187	23	38	45	N/A
6/30/2022	174	11	31	38	N/A
3/31/2022	161	19	29	33	N/A
12/31/2021	148	27	26	29	N/A
9/30/2021	138	32	27	31	N/A
6/30/2021	128	37	29	33	N/A
3/31/2021	122	24	26	30	N/A
12/31/2020	115	11	23	28	N/A
9/30/2020	111	15	22	26	N/A
6/30/2020	106	19	21	24	N/A
3/31/2020	103	18	19	23	N/A
12/31/2019	99	17	18	22	N/A
9/30/2019	94	16	19	22	N/A
6/30/2019	89	14	20	22	N/A
3/31/2019	83	5	12	14	N/A
12/31/2018	77	-4	4	6	N/A
9/30/2018	72	-8	1	3	N/A
6/30/2018	67	-13	-2	0	N/A
3/31/2018	63	-9	N/A	5	N/A
12/31/2017	60	-5	N/A	10	N/A
12/31/2016	51	-4	N/A	10	N/A
12/31/2015	37	-7	N/A	6	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: JTCL's forecast earnings growth (29.2% per year) is above the savings rate (2.1%).

Earnings vs Market: JTCL's earnings (29.2% per year) are forecast to grow faster than the UK market (14.8% per year).

High Growth Earnings: JTCL's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: JTCL's revenue (17.1% per year) is forecast to grow faster than the UK market (3.6% per year).

High Growth Revenue: JTCL's revenue (17.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: JTCL's Return on Equity is forecast to be low in 3 years time (15.6%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/29 08:49
End of Day Share Price	2024/12/27 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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 .

Analyst Sources

JTC PLC is covered by 13 analysts. 8 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
James Bayliss	Berenberg
Eoghan Reid	Berenberg
Calum Battersby	Berenberg

JTC Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

JTC PLC Provides Earnings Guidance for the Full Year 2022

JTC PLC Reaffirms Earnings Guidance for the Full Year 2021

Recent updates

JTC PLC (LSE:JTC) completed the acquisition of FFP (Holdings) Limited.

JTC PLC (LSE:JTC) completed the acquisition of BuckUK and European Share Plan Administration and Trustee Businesses from Arthur J. Gallagher & Co. (NYSE:AJG).

JTC PLC Appoints May Hong Mei Knight as Independent Non-Executive Director and Chair of the Governance & Risk Committee and as a Member of the Audit, Remuneration and Nomination Committees, Effective 5 December 2024

JTC PLC Declares Interim Dividend, Payable on 25 October 2024

JTC PLC (LSE:JTC) completed the acquisition of First Republic Trust Company of Delaware LLC (FRTC-DE) from JPMorgan Chase Bank, National Association.

JTC PLC to Report Fiscal Year 2024 Results on Apr 08, 2025

JTC PLC (LSE:JTC) acquired Hanway Advisory Limited.

JTC PLC (LSE:JTC) agreed to acquire FFP (Holdings) Limited for approximately $110 million.

JTC PLC Approves Final Dividend, Payable on June 28,2024

Upcoming dividend of UK£0.077 per share

Now 20% overvalued after recent price rise

JTC PLC (LSE:JTC) agreed to acquire First Republic Trust Company of Delaware LLC (FRTC-DE) from JPMorgan Chase Bank, National Association for $21 million.

Final dividend increased to UK£0.077

JTC PLC Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 28 June 2024

Full year 2023 earnings released: EPS: UK£0.14 (vs UK£0.24 in FY 2022)

Now 21% overvalued after recent price rise

JTC PLC (LSE:JTC) acquired Blackheath Capital Management LLP.

JTC PLC, Annual General Meeting, May 21, 2024

Key Executive recently sold UK£751k worth of stock

JTC Announces Appointment of Smith as Director of Sustainability Services

First half 2023 earnings released: EPS: UK£0.076 (vs UK£0.14 in 1H 2022)

JTC PLC Declares Interim Dividend, Payable on 20 October 2023

JTC PLC (LSE:JTC) completed the acquisition of South Dakota Trust Company, L.L.C.

JTC PLC to Report First Half, 2023 Results on Sep 12, 2023

New minor risk - Shareholder dilution

JTC PLC has completed a Follow-on Equity Offering in the amount of £62.000001 million.

JTC PLC (LSE:JTC) entered into a definitive agreement to acquire South Dakota Trust Company, L.L.C. for approximately $270 million.

JTC PLC Approves Final Dividend, Payable on June 30, 2023

Upcoming dividend of UK£0.069 per share at 1.4% yield

JTC PLC Appoints Richard Van't Hof and Greg Russell as Managing Director - Fund Services, and Head of Depositary Respectively

Full year 2022 earnings released: EPS: UK£0.24 (vs UK£0.20 in FY 2021)

JTC PLC to Report Fiscal Year 2022 Results on Apr 11, 2023

Insufficient new directors

JTC PLC (LSE:JTC) acquired New York Private Trust Company (NYPTC) from Emigrant Bancorp, Inc.

First half 2022 earnings released: EPS: UK£0.14 (vs UK£0.30 in 1H 2021)

Investor sentiment improved over the past week

JTC PLC (LSE:JTC) agreed to acquire New York Private Trust Company (NYPTC) from Emigrant Bancorp, Inc.

Investor sentiment improved over the past week

JTC PLC Announces Appointment of Wendy Holley as an Additional Member of the Nomination Committee

Upcoming dividend of UK£0.051 per share

COO & Executive Director recently bought UK£99k worth of stock

COO & Executive Director recently bought UK£99k worth of stock

Full year 2021 earnings released: EPS: UK£0.20 (vs UK£0.09 in FY 2020)

JTC PLC Declares Full Year Dividend for 2021

Group Head of Technology Strategy recently sold UK£388k worth of stock

Group Head of Technology Strategy recently sold UK£55k worth of stock

Group Head of Technology Strategy recently sold UK£223k worth of stock

JTC PLC Provides Earnings Guidance for the Full Year 2022

JTC PLC (LSE:JTC) acquired Essential Fund Services International, LLC from Gerard M. Federici.

First half 2021 earnings released: EPS UK£0.30 (vs UK£0.086 in 1H 2020)

JTC PLC (LSE:JTC) agreed to acquire Ballybunion Capital Limited from Patrick O'Sullivan.

Key Executive recently bought UK£632k worth of stock

Key Executive recently bought UK£1.3m worth of stock

JTC PLC Reaffirms Earnings Guidance for the Full Year 2021

Key Executive recently sold UK£303k worth of stock

Upcoming dividend of UK£0.043 per share

JTC PLC (LSE:JTC) completed the acquisition of Indos Financial Limited from its management team and a group of private shareholders.

JTC PLC Approves Final Dividend

Group Head of Technology Strategy recently sold UK£363k worth of stock

JTC PLC has completed a Follow-on Equity Offering in the amount of £65.881684 million.

Full year 2020 earnings released: EPS UK£0.09 (vs UK£0.15 in FY 2019)

JTC PLC (LSE:JTC) agreed to acquire Indos Financial Limited from its management team and a group of private shareholders for £12.5 million.

New 90-day high: UK£6.44

New 90-day high: UK£5.96

JTC PLC to Report Fiscal Year 2020 Results on Apr 13, 2021

JTC PLC (LSE:JTC) agreed to acquire RBC cees Limited from RBC Holdings (Channel Islands) Limited for £20 million.

Mike Liston Steps Down as A Member of Audit and Risk Committee of JTC plc

JTC PLC(LSE:JTC) dropped from FTSE All-Small Index (GBP)

JTC PLC (LSE:JTC) completed the acquisition of NES Financial Corp. from the management and external shareholders of NES Financial Corp.

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity