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Jtc Plc (GB:JTC)
:JTC
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JTC PLC (JTC) AI Stock Analysis

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GB:JTC

JTC PLC

(LSE:JTC)

Rating:70Outperform
Price Target:
1,033.00p
▲(12.40% Upside)
JTC PLC scores well due to strategic acquisitions and positive technical analysis trends, indicating potential for future growth. However, the negative P/E ratio and recent net loss are significant concerns, moderating the overall score.
Positive Factors
Expansion and Acquisitions
The acquisition of Citi Trust is on track for completion in 2Q25, enhancing JTC's growth prospects.
Financial Performance
JTC continues to deliver against its medium-term guidance with over 10% organic growth and EBITDA margins between 33-38%.
Negative Factors
Profit Margins
The group's underlying EBITDA margin is expected to be at the lower end of the guidance range due to investment in driving organic growth.

JTC PLC (JTC) vs. iShares MSCI United Kingdom ETF (EWC)

JTC PLC Business Overview & Revenue Model

Company DescriptionJTC 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. In addition, the company provides company secretarial and administration services to small and medium sized entities, public companies, multinationals, sovereign wealth funds, and private offices. Further, the company offers private wealth services, including the formation and administration of vehicles, such as trusts, companies, and partnerships on behalf of high net worth individuals and ultra-high net worth individuals, and private and family offices. JTC PLC was founded in 1987 and is headquartered in Saint Helier, the United Kingdom.
How the Company Makes MoneyJTC 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 can be structured as fixed fees, hourly rates, or performance-based fees, depending on the nature of the engagement. Key revenue streams include ongoing service fees from managed funds, transaction fees from corporate services, and advisory fees from wealth management clients. Additionally, strategic partnerships with financial institutions and investment firms enhance JTC's market reach and client base, contributing significantly to its earnings.

JTC PLC Financial Statement Overview

Summary
JTC PLC has demonstrated consistent revenue growth and maintains a strong equity base with manageable leverage. However, a net loss in 2024 raises concerns about profitability, despite robust cash flow generation.
Income Statement
65
Positive
JTC PLC has shown consistent revenue growth over the years, with a 18.63% growth rate from 2023 to 2024. However, the company experienced a net loss in 2024, leading to a negative net profit margin of -2.38%. Gross profit margin remains healthy at 57.22%. EBIT and EBITDA margins have reduced significantly in 2024, indicating potential operational challenges.
Balance Sheet
70
Positive
The company maintains a strong equity base with a debt-to-equity ratio of 0.60, showing manageable leverage. The equity ratio stands at 52.37%, reflecting a balanced asset structure. Return on equity has turned negative due to the net loss, which is a concern for profitability.
Cash Flow
75
Positive
JTC PLC has a solid free cash flow generation with a slight decline in free cash flow from 2023 to 2024. The operating cash flow to net income ratio is favorable, indicating efficient cash generation relative to earnings, though net income is negative this year.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue305.38M257.44M200.03M147.50M115.09M
Gross Profit174.80M149.68M117.30M84.82M66.43M
EBITDA47.13M67.09M65.18M49.27M28.10M
Net Income-7.26M21.82M34.71M26.65M10.53M
Balance Sheet
Total Assets1.02B905.10M675.89M621.82M361.88M
Cash, Cash Equivalents and Short-Term Investments64.73M97.22M48.86M39.33M31.08M
Total Debt322.88M264.57M198.52M195.96M150.20M
Total Liabilities485.65M401.22M275.68M277.19M203.47M
Stockholders Equity533.94M503.88M400.22M344.63M158.41M
Cash Flow
Free Cash Flow69.12M75.14M44.84M24.86M23.18M
Operating Cash Flow78.69M81.29M53.31M28.86M27.58M
Investing Cash Flow-89.11M-121.23M-25.54M-190.34M-24.07M
Financing Cash Flow3.61M102.51M-24.75M169.48M1.72M

JTC PLC Technical Analysis

Technical Analysis Sentiment
Positive
Last Price919.00
Price Trends
50DMA
850.54
Positive
100DMA
857.05
Positive
200DMA
914.55
Positive
Market Momentum
MACD
21.58
Negative
RSI
59.82
Neutral
STOCH
74.28
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 919 is above the 20-day moving average (MA) of 873.20, above the 50-day MA of 850.54, and above the 200-day MA of 914.55, indicating a bullish trend. The MACD of 21.58 indicates Negative momentum. The RSI at 59.82 is Neutral, neither overbought nor oversold. The STOCH value of 74.28 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

Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
79
Outperform
£2.13B24.1647.17%2.43%18.52%9.87%
77
Outperform
£2.01B31.574.75%4.83%14.05%-3.07%
73
Outperform
£1.79B12.7612.23%8.17%-10.85%-42.02%
72
Outperform
£1.18B24.0224.70%2.95%-4.17%-6.46%
70
Outperform
£1.55B44.78-1.40%1.36%18.62%-131.27%
58
Neutral
HK$110.80B6.36-4.20%4.00%8.89%-46.47%
$2.96B41.85-0.05%2.88%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:JTC
JTC PLC
919.00
-102.68
-10.05%
GB:EMG
Man Group plc
157.60
-45.21
-22.29%
GB:RAT
Rathbones Group PLC
1,912.00
209.54
12.31%
GB:AJB
AJ BELL PLC
522.50
94.54
22.09%
QUILF
Quilter
2.25
0.43
23.63%
GB:IHP
IntegraFin Holdings PLC
356.00
-10.33
-2.82%

JTC PLC Corporate Events

M&A TransactionsBusiness Operations and Strategy
JTC PLC to Acquire Kleinwort Hambros Trust Company for £20 Million
Positive
Jul 31, 2025

JTC PLC has announced its proposed acquisition of Kleinwort Hambros Trust Company (CI) Limited for £20 million, aiming to enhance its position as a leading independent provider of trust services. This acquisition will expand JTC’s presence in the UK and Channel Islands, integrating KHT into its Private Client Services Division, and is expected to be accretive to earnings per share by 2026. The deal builds on JTC’s history of strategic acquisitions and is anticipated to foster a collaborative relationship with Union Bancaire Privée, benefiting from new client referrals and trust relationships.

The most recent analyst rating on (GB:JTC) stock is a Buy with a £10.85 price target. To see the full list of analyst forecasts on JTC PLC stock, see the GB:JTC Stock Forecast page.

M&A TransactionsBusiness Operations and StrategyFinancial Disclosures
JTC PLC Reports Robust Growth and Strategic Acquisitions in 2025
Positive
Jul 31, 2025

JTC PLC has reported strong performance in the first half of 2025, with net organic revenue growth exceeding 10% and record new business wins. The Private Client Services Division showed significant growth, while the Institutional Client Services Division faced some macro-economic challenges but still performed well. The company has completed the acquisition of Citi’s global fiduciary and trust administration services business, enhancing its position as a leading independent provider of global trust services. Additionally, the acquisition of KHT is expected to be earnings accretive in 2026. These strategic moves are anticipated to strengthen JTC’s market position and financial performance, with leverage expected to fall within the core range by mid-2026.

The most recent analyst rating on (GB:JTC) stock is a Buy with a £10.85 price target. To see the full list of analyst forecasts on JTC PLC stock, see the GB:JTC Stock Forecast page.

Business Operations and Strategy
JTC PLC Announces Vesting of Employee Incentive Plan Awards
Positive
Jul 28, 2025

JTC PLC announced the vesting of the second tranche of share awards under its Employee Incentive Plan, with awards being satisfied by transferring existing Ordinary Shares. Key managerial figures received these awards, but no Executive Directors were included. This move aligns with JTC’s culture of employee ownership, potentially strengthening stakeholder alignment and enhancing company operations.

The most recent analyst rating on (GB:JTC) stock is a Buy with a £1250.00 price target. To see the full list of analyst forecasts on JTC PLC stock, see the GB:JTC Stock Forecast page.

Executive/Board Changes
JTC PLC Appoints Erika Schraner as Senior Independent Non-Executive Director
Neutral
Jul 24, 2025

JTC PLC announced the appointment of Erika Schraner as the new Senior Independent Non-Executive Director, following Dermot Mathias stepping down from the role. Mathias will continue to serve on the Board and as Chair of the Audit Committee, while Schraner, who has been on the Board since 2019, brings significant experience to her new position. This change is part of the Board’s succession planning, and the membership of the Board and its committees remains unchanged.

The most recent analyst rating on (GB:JTC) stock is a Buy with a £1250.00 price target. To see the full list of analyst forecasts on JTC PLC stock, see the GB:JTC Stock Forecast page.

M&A TransactionsBusiness Operations and Strategy
JTC PLC Completes Acquisition of Citi Trust Business
Positive
Jul 1, 2025

JTC PLC has completed its acquisition of Citigroup Inc.’s global fiduciary and trust administration services business for $80 million. This acquisition, funded through existing cash reserves and debt facilities, strengthens JTC’s presence in key growth areas and solidifies its position as a leading independent provider of global trust services, enhancing its annuity-driven revenue.

The most recent analyst rating on (GB:JTC) stock is a Buy with a £1250.00 price target. To see the full list of analyst forecasts on JTC PLC stock, see the GB:JTC Stock Forecast page.

Regulatory Filings and Compliance
JTC PLC Announces Total Voting Rights Update
Neutral
Jun 30, 2025

JTC PLC has announced that its issued share capital consists of 172,006,514 ordinary shares, all of which have voting rights. This update is in line with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, allowing shareholders to calculate and notify any changes in their voting rights. This announcement underscores JTC’s commitment to transparency and regulatory compliance, potentially impacting shareholder engagement and investment strategies.

The most recent analyst rating on (GB:JTC) stock is a Buy with a £13.10 price target. To see the full list of analyst forecasts on JTC PLC stock, see the GB:JTC Stock Forecast page.

Delistings and Listing ChangesBusiness Operations and Strategy
JTC PLC Issues New Shares to Employee Benefit Trust
Neutral
Jun 27, 2025

JTC PLC has issued 1,703,035 new Ordinary Shares to its Employee Benefit Trust to fulfill future awards under its employee share plans. These shares are set for admission to the premium listing segment of the Financial Conduct Authority and trading on the London Stock Exchange, increasing the total number of voting rights to 172,006,514. This move reflects JTC’s commitment to aligning employee interests with company performance and may influence shareholder voting dynamics.

The most recent analyst rating on (GB:JTC) stock is a Buy with a £1250.00 price target. To see the full list of analyst forecasts on JTC PLC stock, see the GB:JTC Stock Forecast page.

Private Placements and FinancingM&A TransactionsBusiness Operations and Strategy
JTC PLC Completes $75 Million US Private Placement to Fund Strategic Growth
Positive
Jun 24, 2025

JTC PLC has successfully completed its first $75 million US Private Placement (USPP) issue, priced at 6.25% with a 5-year tenor. The proceeds will partially fund the acquisition of Citi Trust and help maintain capacity in existing bank debt facilities, supporting JTC’s strategic growth plans. This move diversifies JTC’s debt financing sources, extends debt maturity, and opens access to a new investor base, strengthening the company’s capital structure and balance sheet.

The most recent analyst rating on (GB:JTC) stock is a Buy with a £1250.00 price target. To see the full list of analyst forecasts on JTC PLC stock, see the GB:JTC Stock Forecast page.

Shareholder MeetingsBusiness Operations and Strategy
JTC PLC Announces Successful AGM Resolutions
Positive
May 22, 2025

JTC PLC announced the successful passing of all resolutions at its Annual General Meeting held on May 21, 2025. The resolutions, which included both ordinary and special resolutions, were approved by the required majority, reflecting strong shareholder support. This outcome underscores JTC’s stable governance and strategic direction, potentially strengthening its market position and reassuring stakeholders of its operational continuity.

The most recent analyst rating on (GB:JTC) stock is a Buy with a £1250.00 price target. To see the full list of analyst forecasts on JTC PLC stock, see the GB:JTC Stock Forecast page.

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.Date of analysis: Aug 01, 2025