JTC PLC (GB:JTC)
LSE:JTC
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JTC PLC
(LSE:JTC)
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Rating:67Neutral
Price Target:
1,381.00 p
▲(5.90% Upside)
Action:DowngradedDate:12/07/25
JTC PLC's strong financial performance and strategic acquisitions are significant positives. However, the negative P/E ratio and bearish technical indicators weigh on the overall score. The acquisition by Permira-Advised Bidco provides a potential growth catalyst.
Positive Factors
Strong Revenue Growth
JTC's robust revenue growth and organic expansion indicate strong market demand and effective business strategies, supporting long-term financial health.
Negative Factors
Net Loss in 2024
A net loss indicates profitability challenges, which could impact JTC's ability to reinvest in growth and maintain financial stability.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
JTC's robust revenue growth and organic expansion indicate strong market demand and effective business strategies, supporting long-term financial health.
Read all positive factors
JTC PLC (JTC) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£2.23B
Dividend Yield1.03%
Average Volume (3M)872.15K
Price to Earnings (P/E)52.2
Beta (1Y)0.74
Revenue Growth16.90%
EPS Growth-165.00%
CountryUK
Employees1,925
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)-0.04
Shares Outstanding172,386,500
10 Day Avg. Volume526,633
30 Day Avg. Volume872,146
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.62
Revenue Forecast (FY)£458.44M
JTC PLC Business Overview & Revenue Model
Company Description
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 ...
How the Company Makes Money
JTC generates revenue primarily through the provision of its service offerings, which include fund administration, corporate services, and private wealth management. The company's revenue model is based on fees charged for these services, which ca...
JTC PLC Earnings Call Summary
Earnings Call Date:Sep 16, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Sep 22, 2026
Earnings Call Sentiment Positive
JTC PLC demonstrated strong revenue and organic growth, successful acquisitions, and a robust new business pipeline, supported by a strong company culture and high staff retention. However, these achievements were partially offset by a decline in EBITDA margin due to regulatory challenges and investment costs. Despite the challenges, the overall outlook remains positive with confidence in achieving future growth targets.Positive Updates
Record Revenue and Organic Growth
Group revenue up 17.3% to GBP 172.6 million and EBITDA up 15.1%. Achieved net organic growth of 11%, exceeding guidance.
Negative Updates
Margin Decline
Underlying EBITDA margin dropped by 0.6 percentage points to 32.8%, influenced by increased compliance costs and investments in growth jurisdictions.
Read all updates
Q2-2025 Updates
Positive
Negative
Record Revenue and Organic Growth
Group revenue up 17.3% to GBP 172.6 million and EBITDA up 15.1%. Achieved net organic growth of 11%, exceeding guidance.
Read all positive updates
Company Guidance
During the call, JTC PLC provided several metrics highlighting its strong performance and strategic initiatives. The group achieved an organic growth rate of 11% and reported a revenue increase of 17.3% for the first half of 2025, reaching GBP 172.6 million. Their EBITDA rose by 15.1% to GBP 56.5 million, with an underlying EBITDA margin of 32.8%. JTC recorded a significant GBP 19.5 million in new business wins, contributing to a robust total new business pipeline of GBP 60 million by the end of H1. The PCS division excelled with a net organic growth of 14.5%, while the ICS division posted a commendable growth of 9.2%. The company also noted a strong staff retention rate of 96%, bolstered by their unique shared ownership culture. Additionally, JTC announced a proposed interim dividend of 5p per share, reflecting a 16.3% increase. The company remains confident in achieving its 'Cosmos era' goal of doubling the business size by 2027, supported by strategic acquisitions like Citi Trust and Kleinwort Hambros Trust, and expects these acquisitions to be earnings accretive by 2026.JTC PLC Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
75
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 381.95M | 305.38M | 257.44M | 200.03M | 147.50M |
| Gross Profit | 0.00 | 174.80M | 149.68M | 117.30M | 84.82M |
| EBITDA | 104.70M | 47.13M | 67.09M | 65.18M | 49.27M |
| Net Income | 933.00K | -7.26M | 21.82M | 34.71M | 26.65M |
Balance Sheet | |||||
| Total Assets | 1.14B | 1.02B | 905.10M | 675.89M | 621.82M |
| Cash, Cash Equivalents and Short-Term Investments | 149.86M | 64.73M | 97.22M | 48.86M | 39.33M |
| Total Debt | 492.30M | 322.88M | 264.57M | 198.52M | 195.96M |
| Total Liabilities | 628.55M | 485.65M | 401.22M | 275.68M | 277.19M |
| Stockholders Equity | 510.86M | 533.94M | 503.88M | 400.22M | 344.63M |
Cash Flow | |||||
| Free Cash Flow | 49.88M | 69.12M | 75.14M | 44.84M | 24.86M |
| Operating Cash Flow | 56.49M | 78.69M | 81.29M | 53.31M | 28.86M |
| Investing Cash Flow | -113.09M | -89.11M | -121.23M | -25.54M | -190.34M |
| Financing Cash Flow | 122.35M | 3.61M | 91.17M | -24.75M | 169.48M |
JTC PLC Technical Analysis
Positive
1304.00
Price Trends
1298.12
Positive
1291.68
Positive
1191.88
Positive
Market Momentum
1.56
Negative
59.87
Neutral
71.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:JTC, the sentiment is Positive. The current price of 1304 is above the 20-day moving average (MA) of 1300.80, above the 50-day MA of 1298.12, and above the 200-day MA of 1191.88, indicating a bullish trend. The MACD of 1.56 indicates Negative momentum. The RSI at 59.87 is Neutral, neither overbought nor oversold. The STOCH value of 71.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:JTC.
JTC PLC Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | £2.47B | 20.62 | 8.35% | 3.40% | -28.04% | -102.43% | |
72 Outperform | £219.25M | 13.32 | 7.58% | 5.14% | -13.29% | 63.87% | |
72 Outperform | £1.08B | 22.35 | 23.86% | 3.11% | 7.13% | -1.52% | |
70 Outperform | £2.17B | 17.89 | 4.75% | 4.91% | 14.05% | -3.07% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | £2.23B | 52.21 | -3.61% | 1.03% | 16.90% | -165.00% | |
65 Neutral | £2.05B | 21.09 | 49.89% | 2.43% | 17.97% | 25.51% |
* Financial Sector Average
GB:JTC
JTC PLC
1,314.00
555.49
73.23%
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125.65
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GB:RAT
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2,100.00
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GB:AJB
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GB:IHP
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JTC PLC Corporate Events
Delistings and Listing ChangesM&A TransactionsRegulatory Filings and Compliance
JTC Issues New Shares Linked to perfORM Acquisition Earn-Out
Neutral
Jan 2, 2026
JTC PLC has issued 379,990 new ordinary shares as additional equity consideration under the terms of its acquisition of perfORM Due Diligence Services Limited, a London-based technology-led due diligence provider. The company has applied for these...
Regulatory Filings and Compliance
JTC PLC’s Iain Johns Sells Shares for Personal Financial Planning
Neutral
Nov 11, 2025
JTC PLC announced that Iain Johns, Group Head of Private Client Services, sold 420,000 shares for personal financial planning. The sale adheres to regulatory requirements, as Johns was previously restricted from trading due to possessing non-publi...
Business Operations and StrategyM&A Transactions
JTC PLC Agrees to £2.3 Billion Acquisition by Permira-Advised Bidco
Positive
Nov 10, 2025
JTC PLC is set to be acquired by Papilio Bidco Limited, a company advised by Permira Advisers LLP, through a cash acquisition valued at approximately £2.3 billion. This acquisition, offering a significant premium on JTC’s share price, i...
M&A Transactions
JTC PLC Extends Deadline for Potential Acquisition Offers
Neutral
Nov 7, 2025
JTC PLC has announced an extension of the deadline for private equity firms Permira and Warburg Pincus to declare their intentions regarding a potential acquisition of the company. Both firms have completed due diligence, and JTC is in advanced di...
Business Operations and StrategyM&A Transactions
JTC PLC Completes Acquisition of Kleinwort Hambros Trust
Positive
Nov 3, 2025
JTC PLC has completed its acquisition of Kleinwort Hambros Trust Company (CI) Limited and its subsidiaries for £20 million in cash. This acquisition enhances JTC’s Private Capital Services, strengthens its trust presence in the Channel ...
M&A Transactions
JTC PLC Extends Deadline for Acquisition Proposals
Neutral
Oct 24, 2025
JTC PLC, a company listed on the London Stock Exchange, has been approached by private equity firms Warburg Pincus and Permira Advisers LLP with preliminary proposals to acquire the company. The board of JTC is in early-stage discussions with both...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.