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Judo Capital Holdings Limited
(Sydney:JDO)
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Rating:58Neutral
Price Target:
AU$0.93
â–¼(-10.48% Downside)
Action:Reiterated
Date:08/19/26
The score is primarily supported by improving profitability and strong free cash flow, but is held back by the sharp 2026 revenue decline and elevated leverage. Technicals are mixed (short-term strength vs weak longer-term trend), while valuation is moderately supportive on a ~10.2x P/E.
Positive Factors
Improving Profitability
The move from losses in 2022 to substantially higher net income in 2026 indicates improving earnings capacity. A healthy operating margin provides a stronger base for absorbing credit costs, funding growth, and building shareholder returns over the next several quarters.
Negative Factors
Revenue Volatility
The sharp revenue decline and volatile multi-year revenue path make earnings less predictable than the recent profit improvement alone suggests. Inconsistent top-line performance can limit operating leverage, complicate planning, and weaken the durability of returns if the pattern persists.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Profitability
The move from losses in 2022 to substantially higher net income in 2026 indicates improving earnings capacity. A healthy operating margin provides a stronger base for absorbing credit costs, funding growth, and building shareholder returns over the next several quarters.
Read all positive factors
Judo Capital Holdings Limited (JDO) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.04B
Dividend YieldN/A
Average Volume (3M)5.58M
Price to Earnings (P/E)9.4
Beta (1Y)1.45
Revenue Growth11.70%
EPS Growth28.17%
CountryAU
Employees593
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.10
Shares Outstanding1,122,353,600
10 Day Avg. Volume4,472,924
30 Day Avg. Volume5,579,511
Financial Highlights & Ratios
PEG Ratio0.34
Price to Book (P/B)0.59
Price to Sales (P/S)0.88
P/FCF Ratio3.77
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.41Price Target Upside35.58% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)0.12
Revenue Forecast (FY)AU$601.60M
Judo Capital Holdings Limited Business Overview & Revenue Model
Company Description
Judo Capital Holdings Limited offers a diverse suite of banking and financial services tailored for small and medium-sized enterprises (SMEs) across Australia. Their product portfolio encompasses term deposits, alongside a comprehensive range of c...
How the Company Makes Money
Judo Capital Holdings Limited primarily makes money through net interest income generated from banking activities. The key revenue stream is interest earned on its SME loan portfolio (including term loans and other business credit products) minus ...
Judo Capital Holdings Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
55
Neutral
Cash Flow
67
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.20B | 1.06B | 326.60M | 579.60M | 156.50M |
| Gross Profit | 404.70M | 334.70M | 384.80M | 579.60M | 156.50M |
| EBITDA | 172.30M | 141.10M | 120.70M | 116.10M | -1.80M |
| Net Income | 111.10M | 86.40M | 69.90M | 73.40M | -7.70M |
Balance Sheet | |||||
| Total Assets | 17.53B | 14.98B | 13.20B | 12.15B | 9.41B |
| Cash, Cash Equivalents and Short-Term Investments | 781.20M | 2.47B | 654.60M | 633.00M | 3.20B |
| Total Debt | 3.24B | 3.12B | 3.15B | 4.52B | 3.83B |
| Total Liabilities | 15.76B | 13.29B | 11.63B | 10.67B | 3.85B |
| Stockholders Equity | 1.77B | 1.69B | 1.57B | 1.48B | 1.40B |
Cash Flow | |||||
| Free Cash Flow | 279.00M | 125.50M | 172.40M | 244.70M | 71.30M |
| Operating Cash Flow | 280.20M | 136.60M | 197.80M | 272.10M | 84.40M |
| Investing Cash Flow | -2.81B | -21.20M | -1.03B | -2.50B | 455.10M |
| Financing Cash Flow | 2.45B | -30.70M | 897.40M | 2.54B | 599.80M |
Judo Capital Holdings Limited Technical Analysis
Neutral
1.04
Price Trends
0.97
Negative
1.03
Negative
1.31
Negative
Market Momentum
-0.01
Negative
54.50
Neutral
86.84
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:JDO, the sentiment is Neutral. The current price of 1.04 is above the 20-day moving average (MA) of 0.91, above the 50-day MA of 0.97, and below the 200-day MA of 1.31, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 54.50 is Neutral, neither overbought nor oversold. The STOCH value of 86.84 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:JDO.
Judo Capital Holdings Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
60 Neutral | AU$750.47M | 6.85 | 12.29% | 9.04% | -0.65% | 8.02% | |
58 Neutral | AU$1.04B | 9.43 | 6.35% | ― | 11.70% | 28.17% | |
56 Neutral | AU$4.56B | 18.26 | 4.30% | 5.63% | -6.03% | 88.39% | |
56 Neutral | AU$974.56M | 6.74 | 12.12% | 15.58% | -3.49% | 7.16% | |
55 Neutral | AU$5.94B | 15.48 | 5.61% | 6.16% | -5.79% | ― | |
54 Neutral | AU$260.13B | 24.11 | 13.94% | 3.22% | 0.78% | 7.41% |
* Financial Sector Average
AU:JDO
Judo Capital Holdings Limited
0.95
-0.83
-46.63%
AU:BOQ
Bank of Queensland
6.96
0.39
6.02%
AU:BEN
Bendigo & Adelaide Bank
10.30
-1.68
-14.00%
AU:CBA
Commonwealth Bank of Australia
157.17
-9.41
-5.65%
AU:PPM
Pepper Money Ltd
1.66
-0.30
-15.44%
AU:LFG
Liberty Financial Group Ltd
3.17
-0.38
-10.78%
Judo Capital Holdings Limited Corporate Events
Macquarie Group Ceases to Be Substantial Holder in Judo Capital
Oct 14, 2026
Macquarie Group Limited has notified Judo Capital Holdings Limited that it has ceased to be a substantial holder in the bank, formally lodging a notice on 14 October 2026 that records changes in its relevant interests and voting securities as at e...
Judo Capital Reports Lapse of Deferred Share Rights and Options
Oct 9, 2026
Judo Capital Holdings Limited has reported the cessation of 88,204 securities, comprising deferred share rights and various options listed under ASX code JDOAH. The lapse arose because the conditional rights attached to these securities were not s...
Judo Capital Issues New Unquoted Equity Under Employee Incentive Plan
Oct 9, 2026
Judo Capital Holdings Limited has notified the market of the issue of 588,277 unquoted securities under its employee incentive scheme, comprising deferred share rights and various options that will not be quoted on the ASX. The issuance, effective...
Judo Capital Issues New Unquoted Equity Under Staff Incentive Plan
Oct 9, 2026
Judo Capital Holdings Limited has notified the ASX of the issue of 17,965,067 unquoted securities, comprising deferred share rights and various options, dated October 5, 2026. These instruments have been issued under an employee incentive scheme a...
Macquarie Group Exits Substantial Shareholding in Judo Capital
Oct 8, 2026
Macquarie Group Limited and its controlled entities have lodged a notice that they have ceased to be a substantial holder in Judo Capital Holdings Limited. The filing, made under Australian corporations law, details changes in relevant interests a...
Judo Capital sets October date for 2026 AGM in Melbourne
Sep 18, 2026
Judo Capital Holdings Limited has dispatched the notice for its 2026 Annual General Meeting, which will be held on 20 October 2026 at the company’s Melbourne headquarters. Shareholders are being directed to the company’s website for th...
UBS Exits Substantial Shareholding in Judo Capital Holdings
Aug 28, 2026
UBS Group AG and its related bodies corporate have notified Judo Capital Holdings Limited that they have ceased to be a substantial shareholder in the company as of 26 August 2026. The change, formally lodged by authorised signatories at UBS, refl...
Macquarie Group exits substantial holder position in SME lender Judo Capital
Aug 28, 2026
Macquarie Group Limited has lodged a notice with Judo Capital Holdings stating it has ceased to be a substantial shareholder in the bank. The filing, signed by Macquarie Group’s company secretary, formalises changes in Macquarie’s rele...
Judo Capital flags one-day delay in director share trade disclosure
Aug 28, 2026
Judo Capital Holdings has disclosed that an Appendix 3Y for director David Hornery was lodged one day late, relating to an on-market purchase of 50,000 shares on 20 August 2026. The delay stemmed from an administrative oversight by the director...
Judo Capital Director Jennifer Douglas Lifts Indirect Shareholding
Aug 27, 2026
Judo Capital Holdings Limited has disclosed a change in the shareholding interests of director Jennifer Anne Douglas, in line with ASX listing rule requirements. Douglas holds her interest indirectly through Crisp Hill Investments Pty Ltd as trust...
Judo Capital Director Increases Indirect Shareholding
Aug 27, 2026
Judo Capital Holdings Limited disclosed a change in the indirect interests of director David Stephenson Hornery in its securities. The update, lodged with the ASX, details his holdings through various trusts and custodial arrangements, reflecting ...
Judo Capital Director Increases Indirect Shareholding via On-Market Trade
Aug 26, 2026
Judo Capital Holdings Limited disclosed a change in director Malcolm Rowland McHutchison’s relevant interests in its securities, reflecting an increase in his indirect shareholding. Through Bond Street Custodians Limited acting for Determite...
Judo Capital Director David Stephen Increases Stake with On-Market Share Purchase
Aug 26, 2026
Judo Capital Holdings Limited has disclosed a change in director’s interests, announcing that director David Stephen has acquired 100,000 fully paid ordinary shares in the company through an on-market purchase. The shares were bought for a c...
Judo Capital Director Christopher Bayliss Adds to Indirect Shareholding
Aug 26, 2026
Judo Capital Holdings Limited has disclosed a change in the relevant interests of director Christopher James Bayliss in compliance with ASX listing rule 3.19A.2. The filing details an indirect acquisition of 10,000 fully paid ordinary shares via S...
Judo Capital Director Brad Cooper Acquires 153,061 Shares in On-Market Trade
Aug 25, 2026
Judo Capital Holdings Limited has disclosed a change in director Brad Cooper’s relevant interest in the company’s securities, in accordance with ASX listing requirements. The notice reflects compliance with corporate governance and tra...
Judo Capital Director Bayliss Lifts Indirect Shareholding Through Spouse
Aug 25, 2026
Judo Capital Holdings Limited has reported a change in the interests of director Christopher James Bayliss, reflecting an incremental increase in his indirect shareholding in the bank. The update relates to additional fully paid ordinary shares ac...
Judo Capital Director Hornery Increases Indirect Shareholding
Aug 24, 2026
Judo Capital Holdings Limited has disclosed a change in the indirect shareholding of director David Stephenson Hornery, reflecting an acquisition of 50,000 fully paid ordinary shares. The transaction was executed through IOOF Investment Services L...
UBS Group AG Ceases to Be Substantial Holder in Judo Capital
Aug 21, 2026
UBS Group AG and its related bodies corporate have lodged a notice stating they have ceased to be a substantial shareholder in Judo Capital Holdings Limited as of 19 August 2026. The change in UBS’s holding reduces the presence of a major gl...
Macquarie Group Ceases to Be Substantial Shareholder in Judo Capital
Aug 21, 2026
Macquarie Group Limited and a wide range of its controlled entities have filed a notice that they have ceased to be a substantial shareholder in Judo Capital Holdings Limited. The change in relevant interests and associations, formalised in an Aus...
Judo Capital Director Boosts Direct Equity Holding via Incentive Share Conversion
Aug 20, 2026
Judo Capital Holdings Limited, an Australian SME-focused challenger bank, structures executive remuneration around a mix of fully paid ordinary shares, deferred share rights, premium priced options and performance rights. The bank uses these equit...
Judo Capital Issues Over 1 Million New Shares After Option Conversions
Aug 20, 2026
Judo Capital Holdings Limited has issued 1,069,225 new ordinary fully paid shares following the conversion or exercise of previously unquoted options or other convertible securities. The issuance, completed on 19 August 2026, modestly increases th...
Macquarie Group Ceases to Be Substantial Holder in Judo Capital
Aug 19, 2026
Macquarie Group Limited and its controlled entities have lodged a notice that they have ceased to be a substantial holder in Judo Capital Holdings Limited, signaling a material reduction in their voting interest in the ASX-listed SME-focused bank....
Judo Capital files ASX corporate governance statement and Appendix 4G
Aug 17, 2026
Judo Capital Holdings Limited has lodged its corporate governance statement for the year ended 30 June 2026 with the ASX and published it on its website in line with listing requirements. The statement, current as of 18 August 2026 and approved by...
Judo Capital Sets Out Strategy and Stakeholder Focus in 2026 Annual Report
Aug 17, 2026
Judo Capital Holdings Limited’s 2026 Annual Report outlines its purpose and strategy as a specialist business bank serving Australian small and medium-sized enterprises. The report emphasizes relationship-driven lending and differentiated SM...
Judo Bank lifts FY26 profit 34% on SME loan and deposit growth
Aug 17, 2026
Judo Bank reported a strong FY26 performance, with profit before tax rising 34% to $168.1 million, return on equity improving to 6.4% and net interest margin increasing to 3.13%, underpinned by above-system loan growth and significant cost-to-inco...
Judo Bank Lifts Profit and Assets but Holds Back Dividends
Aug 17, 2026
Judo Bank reported strong financial growth for the year ended 30 June 2026, with statutory operating income from ordinary activities rising 24% to $522 million and statutory profit attributable to shareholders increasing 29% to $111 million. Net t...
Judo Capital Sets Conditional Quarterly Distribution on Perpetual Notes
Aug 17, 2026
Judo Capital Holdings Limited has declared a quarterly distribution of AUD 1.92095 per security on its ASX-listed Judo Capital Notes (JDOPA), which are perpetual, non-cumulative capital notes paying a margin of 6.50% over the 3-month bank bill swa...
Judo Capital Seeks ASX Quotation for Over 1 Million New Shares
Aug 14, 2026
Judo Capital Holdings Limited has applied for quotation on the ASX of 1,069,225 ordinary fully paid shares, to be issued on August 14, 2026. The new securities have been issued under an employee incentive scheme, signalling ongoing use of equity-b...
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.