JTC PLC

LSE:JTC Stock Report

Market Cap: UK£1.4b

JTC 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

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

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.

Discounted Cash Flow
Simply Wall St
UK£7.52
Fair Value
13.1% overvalued intrinsic discount
9
Number of Analysts

Below Fair Value: JTC (£8.5) is trading above our estimate of fair value (£7.52)

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

Key Valuation Metric

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

Key metric: As JTC is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for JTC. This is calculated by dividing JTC's market cap by their current revenue.
What is JTC's PS Ratio?
PS Ratio4.7x
SalesUK£305.38m
Market CapUK£1.42b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for JTC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.8x
RAT Rathbones Group
1.7x-0.21%UK£1.7b
LWDB Law Debenture
7.2xn/aUK£1.3b
XPS XPS Pensions Group
3.8x8.52%UK£828.0m
N91 Ninety One Group
2.4x4.92%UK£1.4b
JTC JTC
4.7x16.37%UK£1.4b

Price-To-Sales vs Peers: JTC is expensive based on its Price-To-Sales Ratio (4.7x) compared to the peer average (3.8x).

Price to Sales Ratio vs Industry

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

20 CompaniesPrice / SalesEstimated GrowthMarket Cap
STJ St. James's Place
0.2x-93.13%US$7.93b
QLT Quilter
0.4x-69.69%US$2.68b
KWG Kingswood Holdings
0.5xn/aUS$61.45m
RIV River and Mercantile Group
0.6x-49.04%US$50.18m
JTC 4.7xIndustry Avg. 2.8xNo. of Companies20PS03.26.49.612.816+
20 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: JTC is expensive based on its Price-To-Sales Ratio (4.7x) compared to the UK Capital Markets industry average (2.7x).

Price to Sales Ratio vs Fair Ratio

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

JTC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.7x
Fair PS Ratio3x

Price-To-Sales vs Fair Ratio: JTC is expensive based on its Price-To-Sales Ratio (4.7x) compared to the estimated Fair Price-To-Sales Ratio (3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst JTC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£8.41
UK£12.35
+46.85%
11.88%UK£14.20UK£10.25n/a9
May ’26UK£8.39
UK£12.43
+48.19%
10.97%UK£14.20UK£10.85n/a9
Apr ’26UK£9.17
UK£13.08
+42.65%
8.94%UK£14.20UK£11.00n/a8
Mar ’26UK£9.58
UK£13.08
+36.55%
8.94%UK£14.20UK£11.00n/a8
Feb ’26UK£9.92
UK£12.93
+30.29%
9.22%UK£14.20UK£11.00n/a8
Jan ’26UK£9.84
UK£12.93
+31.35%
9.22%UK£14.20UK£11.00n/a8
Dec ’25UK£10.14
UK£12.93
+27.47%
9.22%UK£14.20UK£11.00n/a8
Nov ’25UK£10.28
UK£12.93
+25.73%
9.22%UK£14.20UK£11.00n/a8
Oct ’25UK£10.46
UK£12.93
+23.57%
9.22%UK£14.20UK£11.00n/a8
Sep ’25UK£10.86
UK£11.04
+1.68%
8.51%UK£12.00UK£9.50n/a7
Aug ’25UK£10.60
UK£11.04
+4.18%
8.51%UK£12.00UK£9.50n/a7
Jul ’25UK£9.68
UK£10.98
+13.39%
7.97%UK£11.78UK£9.50n/a7
Jun ’25UK£9.01
UK£10.08
+11.85%
7.79%UK£11.00UK£8.60n/a8
May ’25UK£8.52
UK£9.95
+16.81%
9.37%UK£11.00UK£8.50UK£8.398
Apr ’25UK£8.21
UK£9.25
+12.67%
8.74%UK£10.80UK£8.10UK£9.178
Mar ’25UK£7.97
UK£9.25
+16.06%
8.74%UK£10.80UK£8.10UK£9.588
Feb ’25UK£7.71
UK£9.25
+19.97%
8.74%UK£10.80UK£8.10UK£9.928
Jan ’25UK£8.16
UK£9.16
+12.35%
8.89%UK£10.80UK£8.10UK£9.848
Dec ’24UK£7.54
UK£9.16
+21.52%
8.89%UK£10.80UK£8.10UK£10.148
Nov ’24UK£6.70
UK£9.11
+36.01%
9.06%UK£10.80UK£8.10UK£10.288
Oct ’24UK£7.30
UK£9.17
+25.64%
9.45%UK£10.80UK£8.10UK£10.467
Sep ’24UK£6.93
UK£8.97
+29.55%
8.27%UK£10.10UK£7.70UK£10.867
Aug ’24UK£7.05
UK£8.97
+27.25%
8.27%UK£10.10UK£7.70UK£10.607
Jul ’24UK£7.09
UK£8.89
+25.52%
7.20%UK£9.75UK£7.70UK£9.687
Jun ’24UK£7.01
UK£8.75
+24.93%
6.77%UK£9.55UK£7.60UK£9.017
May ’24UK£7.93
UK£8.73
+10.09%
6.96%UK£9.55UK£7.60UK£8.527
AnalystConsensusTarget
Consensus Narrative from 9 Analysts
UK£12.35
Fair Value
31.2% undervalued intrinsic discount
9
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/27 17:10
End of Day Share Price 2025/05/27 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

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 Github.

Analyst Sources

JTC PLC is covered by 14 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.

AnalystInstitution
James Rowland ClarkBarclays
Calum BattersbyBerenberg
Eoghan ReidBerenberg