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JTC

JTC LSE:JTC Stock Report

Last Price

UK£5.82

Market Cap

UK£840.5m

7D

-8.5%

1Y

-8.1%

Updated

04 Jul, 2022

Data

Company Financials +
JTC fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance4/6
Financial Health4/6
Dividends2/6

JTC Stock Overview

JTC PLC provides fund, corporate, and private wealth services to institutional and private clients worldwide.

JTC Competitors

Price History & Performance

Summary of all time highs, changes and price drops for JTC
Historical stock prices
Current Share PriceUK£5.82
52 Week HighUK£9.45
52 Week LowUK£5.75
Beta0.15
1 Month Change-17.68%
3 Month Change-32.09%
1 Year Change-8.06%
3 Year Change63.48%
5 Year Changen/a
Change since IPO83.60%

Recent News & Updates

Jun 25
Here's Why We Think JTC (LON:JTC) Might Deserve Your Attention Today

Here's Why We Think JTC (LON:JTC) Might Deserve Your Attention Today

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...

Jun 02
JTC (LON:JTC) Is Increasing Its Dividend To UK£0.051

JTC (LON:JTC) Is Increasing Its Dividend To UK£0.051

JTC PLC ( LON:JTC ) has announced that it will be increasing its dividend on the 8th of July to UK£0.051. Despite this...

May 17
JTC's (LON:JTC) Dividend Will Be Increased To UK£0.051

JTC's (LON:JTC) Dividend Will Be Increased To UK£0.051

The board of JTC PLC ( LON:JTC ) has announced that it will be increasing its dividend on the 8th of July to UK£0.051...

Shareholder Returns

JTCGB Capital MarketsGB Market
7D-8.5%-2.9%-1.1%
1Y-8.1%-18.2%-9.3%

Return vs Industry: JTC exceeded the UK Capital Markets industry which returned -17.9% over the past year.

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

Price Volatility

Is JTC's price volatile compared to industry and market?
JTC volatility
JTC Average Weekly Movement7.2%
Capital Markets Industry Average Movement4.2%
Market Average Movement5.4%
10% most volatile stocks in GB Market10.6%
10% least volatile stocks in GB Market2.8%

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

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

About the Company

FoundedEmployeesCEOWebsite
19871,167Nigel Le Quesnehttps://www.jtcgroup.com

JTC PLC provides fund, corporate, and private wealth services to institutional and private clients worldwide. The company operates through two segments, Institutional Client Services and Private Client Services. It offers fund services in a range of asset classes, including real estate, private equity, renewables, hedge, debt, and alternative asset classes, as well as other administration services.

JTC Fundamentals Summary

How do JTC's earnings and revenue compare to its market cap?
JTC fundamental statistics
Market CapUK£840.49m
Earnings (TTM)UK£26.65m
Revenue (TTM)UK£147.50m

31.5x

P/E Ratio

5.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
JTC income statement (TTM)
RevenueUK£147.50m
Cost of RevenueUK£89.54m
Gross ProfitUK£57.96m
Other ExpensesUK£31.31m
EarningsUK£26.65m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Sep 13, 2022

Earnings per share (EPS)0.18
Gross Margin39.30%
Net Profit Margin18.07%
Debt/Equity Ratio44.3%

How did JTC perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

37%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is JTC 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 JTC?

Other financial metrics that can be useful for relative valuation.

JTC 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/Revenue6.8x
Enterprise Value/EBITDA39.9x
PEG Ratio1.6x

Price to Earnings Ratio vs Peers

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

JTC PE Ratio vs Peers
The above table shows the PE ratio for JTC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.4x
JUP Jupiter Fund Management
5x-23.5%UK£748.4m
OCI Oakley Capital Investments
2.7xn/aUK£675.1m
IPX Impax Asset Management Group
14.3x8.8%UK£754.7m
CORD Cordiant Digital Infrastructure
19.5xn/aUK£800.6m
JTC JTC
31.5x19.3%UK£840.5m

Price-To-Earnings vs Peers: JTC is expensive based on its Price-To-Earnings Ratio (31.5x) compared to the peer average (10.4x).


Price to Earnings Ratio vs Industry

How does JTC's PE Ratio compare vs other companies in the GB Capital Markets Industry?

Price-To-Earnings vs Industry: JTC is expensive based on its Price-To-Earnings Ratio (31.5x) compared to the UK Capital Markets industry average (9.6x)


Price to Earnings Ratio vs Fair Ratio

What is JTC'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.

JTC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio31.5x
Fair PE Ratio20.5x

Price-To-Earnings vs Fair Ratio: JTC is expensive based on its Price-To-Earnings Ratio (31.5x) compared to the estimated Fair Price-To-Earnings Ratio (20.5x).


Share Price vs Fair Value

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

Below Fair Value: JTC (£5.82) is trading below our estimate of fair value (£6.45)

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


Price to Earnings Growth Ratio

PEG Ratio: JTC is poor value based on its PEG Ratio (1.6x)


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Future Growth

How is JTC forecast to perform in the next 1 to 3 years based on estimates from 7 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


19.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JTC's forecast earnings growth (19.3% per year) is above the savings rate (0.9%).

Earnings vs Market: JTC's earnings (19.3% per year) are forecast to grow faster than the UK market (11% per year).

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

Revenue vs Market: JTC's revenue (10.4% per year) is forecast to grow faster than the UK market (4.2% per year).

High Growth Revenue: JTC's revenue (10.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: JTC's Return on Equity is forecast to be low in 3 years time (14.2%).


Discover growth companies

Past Performance

How has JTC performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


60.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: JTC has a large one-off gain of £19.2M impacting its December 31 2021 financial results.

Growing Profit Margin: JTC's current net profit margins (18.1%) are higher than last year (9.2%).


Past Earnings Growth Analysis

Earnings Trend: JTC has become profitable over the past 5 years, growing earnings by 60.8% per year.

Accelerating Growth: JTC's earnings growth over the past year (153%) exceeds its 5-year average (60.8% per year).

Earnings vs Industry: JTC earnings growth over the past year (153%) exceeded the Capital Markets industry 43.8%.


Return on Equity

High ROE: JTC's Return on Equity (7.7%) is considered low.


Discover strong past performing companies

Financial Health

How is JTC's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: JTC's short term assets (£106.9M) exceed its short term liabilities (£36.8M).

Long Term Liabilities: JTC's short term assets (£106.9M) do not cover its long term liabilities (£240.4M).


Debt to Equity History and Analysis

Debt Level: JTC's net debt to equity ratio (32.9%) is considered satisfactory.

Reducing Debt: JTC had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: JTC's debt is not well covered by operating cash flow (18.9%).

Interest Coverage: JTC's interest payments on its debt are well covered by EBIT (4.8x coverage).


Balance Sheet


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Dividend

What is JTC current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.32%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: JTC's dividend (1.32%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.89%).

High Dividend: JTC's dividend (1.32%) is low compared to the top 25% of dividend payers in the UK market (5.29%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, JTC has been paying a dividend for less than 10 years.

Growing Dividend: JTC's dividend payments have increased, but the company has only paid a dividend for 4 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (37.4%), JTC's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (44.5%), JTC's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

2.0yrs

Average management tenure


CEO

Nigel Le Quesne (61 yo)

no data

Tenure

UK£1,318,417

Compensation

Mr. Nigel Anthony Le Quesne served as Non-Executive Director at Brooks Macdonald International Investment Funds Ltd (formerly Lloyds Investment Funds Ltd) since December 1, 2021 until December 31, 2021. He...


CEO Compensation Analysis

Compensation vs Market: Nigel's total compensation ($USD1.60M) is about average for companies of similar size in the UK market ($USD1.32M).

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


Leadership Team

Experienced Management: JTC's management team is not considered experienced ( 2 years average tenure), which suggests a new team.


Board Members

Experienced Board: JTC's board of directors are considered experienced (4.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: JTC insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 21%.


Top Shareholders

Company Information

JTC PLC's employee growth, exchange listings and data sources


Key Information

  • Name: JTC PLC
  • Ticker: JTC
  • Exchange: LSE
  • Founded: 1987
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: UK£840.491m
  • Shares outstanding: 144.41m
  • Website: https://www.jtcgroup.com

Number of Employees


Location

  • JTC PLC
  • JTC House
  • 28 Esplanade
  • Saint Helier
  • JE4 2QP
  • Jersey

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/04 00:00
End of Day Share Price2022/07/04 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.