JTC PLC (JTC) AI Stock Analysis

• Market Cap: £1.44B
• Dividend Yield: 236.65%
• Average Volume (3M): 532.83K
• Price to Earnings (P/E): 44.8
• Beta (1Y): 1.50
• Revenue Growth: 18.62%
• EPS Growth: -131.27%
• Country: UK
• Employees: 1,925
• Sector: Financial
• Sector Strength: 78
• Industry: Asset Management
• EPS (TTM): 0.22
• Shares Outstanding: 172,006,520
• 10 Day Avg. Volume: 498,616
• 30 Day Avg. Volume: 532,829
• PEG Ratio: 1.48
• Price to Book (P/B): 2.58
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 23.07
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £1,025.00
• Price Target Upside: 20.02% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 68 Neutral
• Price Target: 929.00p ▲(8.78%Upside)

JTC PLC demonstrates stable financial performance with strong cash flow and strategic corporate actions that bolster its growth prospects. However, the recent net loss and negative P/E ratio highlight profitability and valuation risks. Technical indicators show stable momentum, contributing positively to the overall assessment.

Positive Factors

Financial Performance

PCS delivered strong revenue growth up 32.3% to £124.5m (14% organic) and underlying EBITDA increased by 35.2% to £46.4m.

Growth Strategy

JTC's ambitious Cosmos era aims to double its size in revenue and underlying EBITDA by 2027 on FY23A.

Negative Factors

Investment Impact

The group's underlying EBITDA margin will be within the guidance range of 33-38%, which is expected to be at the lower end given investment in driving organic growth.

Leverage

Cash conversion is expected to be towards the upper end of group guidance of 85-90%, with leverage (excluding Citi Trust) at the lower end of 1.5-2x.

JTC PLC Business Overview & Revenue Model

Company Description

JTC PLC (JTC) is a global professional services company that specializes in providing fund, corporate, and private wealth services. Operating across multiple jurisdictions, JTC offers a comprehensive range of services including fund administration, company secretarial, accounting, and trustee services. The company caters to a diverse clientele, including institutional investors, corporations, and high-net-worth individuals, helping them manage their assets and navigate complex financial and regulatory environments.

How the Company Makes Money

JTC PLC generates revenue through a diverse range of services offered to its clients in the fund, corporate, and private wealth sectors. The company's primary revenue streams include fees from fund administration, which involves managing the financial and operational aspects of investment funds, and corporate services such as company formation, governance, and compliance. Additionally, JTC earns income from private wealth services, which include fiduciary services, trust administration, and estate planning. The company enhances its revenue through strategic partnerships and expanding its service offerings across various international markets, leveraging its expertise to cater to the multifaceted needs of its global client base.

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

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

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

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.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	305.38M	257.44M	200.03M	147.50M	115.09M
Gross Profit	174.80M	149.68M	117.30M	84.82M	66.43M
EBITDA	47.13M	67.09M	65.18M	49.27M	28.10M
Net Income	-7.26M	21.82M	34.71M	26.65M	10.53M
Balance Sheet
Total Assets	1.02B	905.10M	675.89M	621.82M	361.88M
Cash, Cash Equivalents and Short-Term Investments	64.73M	97.22M	48.86M	39.33M	31.08M
Total Debt	322.88M	264.57M	198.52M	195.96M	150.20M
Total Liabilities	485.65M	401.22M	275.68M	277.19M	203.47M
Stockholders Equity	533.94M	503.88M	400.22M	344.63M	158.41M
Cash Flow
Free Cash Flow	69.12M	75.14M	44.84M	24.86M	23.18M
Operating Cash Flow	78.69M	81.29M	53.31M	28.86M	27.58M
Investing Cash Flow	-89.11M	-121.23M	-25.54M	-190.34M	-24.07M
Financing Cash Flow	3.61M	102.51M	-24.75M	169.48M	1.72M

JTC PLC Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 854.00
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 854 is above the 20-day moving average (MA) of 845.15, above the 50-day MA of 845.78, and below the 200-day MA of 927.59, indicating a neutral trend. The MACD of 2.78 indicates Negative momentum. The RSI at 54.15 is Neutral, neither overbought nor oversold. The STOCH value of 42.75 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AJB	79 Outperform	£2.12B	24.11	47.17%	239.66%	18.52%	9.87%
EMG	78 Outperform	£2.07B	9.12	17.94%	4.40%	18.85%	26.14%
RAT	77 Outperform	£2.01B	30.22	4.83%	609.37%	49.59%	18.13%
IHP	75 Outperform	£1.23B	25.20	24.70%	278.15%	-4.17%	-6.46%
JTC	68 Neutral	£1.44B	44.78	-1.40%	236.65%	18.62%	-131.27%
Sector *	61 Neutral	C$14.93B	6.49	22.28%	5.43%	30.07%	-22.51%
QLT	61 Neutral	$2.28B	40.70	-2.38%	5.65%	17.79%	-181.35%

JTC PLC Corporate Events

JTC PLC Completes Acquisition of Citi Trust Business

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.

JTC PLC Announces Total Voting Rights Update

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.

JTC PLC Issues New Shares to Employee Benefit Trust

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.

JTC PLC Completes $75 Million US Private Placement to Fund Strategic Growth

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.

JTC PLC Announces Successful AGM Resolutions

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.

JTC PLC Issues New Shares Following Acquisition Milestone

JTC PLC has announced the issuance of new shares following the achievement of performance targets related to its acquisition of South Dakota Trust Company. The company will pay $35 million in further consideration, comprised of cash and new ordinary shares, which will be admitted to the London Stock Exchange. This move increases JTC’s total voting rights to 170,303,479, impacting shareholder calculations under FCA rules.

JTC PLC Issues New Shares Following Acquisition Milestone

JTC PLC has announced the issuance of new shares following the acquisition of South Dakota Trust Company, as performance targets in the Unit Purchase Agreement have been met. This involves a further consideration of $35 million, comprised of cash and new ordinary shares, with the shares subject to a lock-in period. The new shares will be admitted to the London Stock Exchange, increasing the total number of voting rights, which stakeholders can use to assess their voting interests in compliance with FCA rules.

JTC PLC Issues New Shares Following FFP Acquisition

JTC PLC has announced the issuance of 701,991 new Ordinary Shares as part of the earn-out consideration for its acquisition of FFP (Holdings) Limited, completed in November 2024. These shares will be admitted to the premium listing segment of the FCA’s Official List and traded on the LSE’s main market, increasing the total number of voting rights in the company to 169,465,421, which stakeholders can use for voting rights calculations under FCA rules.