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Judo Capital Holdings Limited
(Sydney:JDO)
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Rating:58Neutral
Price Target:
AU$1.00
â–¼(-3.85% 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 earlier losses to stronger earnings indicates improving operating economics. Sustained profitability gives Judo more capacity to absorb credit costs, reinvest in SME lending and build capital over the medium term.
Negative Factors
Revenue Volatility
The sharp revenue contraction and volatile multi-year trend weaken confidence in consistent loan growth and earnings expansion. Continued instability could limit operating leverage and make profitability more dependent on credit and funding conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Profitability
The move from earlier losses to stronger earnings indicates improving operating economics. Sustained profitability gives Judo more capacity to absorb credit costs, reinvest in SME lending and build capital over the medium term.
Read all positive factors
Judo Capital Holdings Limited (JDO) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.16B
Dividend YieldN/A
Average Volume (3M)4.25M
Price to Earnings (P/E)10.3
Beta (1Y)1.49
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. Volume4,064,522
30 Day Avg. Volume4,249,351
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$1.44Price Target Upside38.89% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)0.12
Revenue Forecast (FY)AU$601.36M
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
Positive
1.04
Price Trends
1.00
Positive
1.22
Negative
1.44
Negative
Market Momentum
<0.01
Negative
53.11
Neutral
65.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:JDO, the sentiment is Positive. The current price of 1.04 is above the 20-day moving average (MA) of 0.99, above the 50-day MA of 1.00, and below the 200-day MA of 1.44, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 53.11 is Neutral, neither overbought nor oversold. The STOCH value of 65.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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$862.57M | 8.02 | 12.29% | 15.82% | -0.65% | 8.02% | |
58 Neutral | AU$1.16B | 10.25 | 6.35% | ― | 11.70% | 28.17% | |
56 Neutral | AU$1.05B | 7.45 | 12.13% | 15.15% | -3.49% | 7.16% | |
55 Neutral | AU$6.10B | 15.94 | 5.63% | 5.70% | -5.79% | ― | |
54 Neutral | AU$259.90B | 23.87 | 13.94% | 2.81% | 0.78% | 7.41% | |
45 Neutral | AU$4.21B | 42.05 | 1.66% | 6.28% | -4.72% | -67.75% |
* Financial Sector Average
AU:JDO
Judo Capital Holdings Limited
1.02
-0.69
-40.29%
AU:BOQ
Bank of Queensland
6.35
-0.34
-5.14%
AU:BEN
Bendigo & Adelaide Bank
10.46
-2.20
-17.41%
AU:CBA
Commonwealth Bank of Australia
154.96
-10.30
-6.23%
AU:PPM
Pepper Money Ltd
1.92
-0.10
-4.71%
AU:LFG
Liberty Financial Group Ltd
3.57
-0.26
-6.89%
Judo Capital Holdings Limited Corporate Events
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...
Judo Capital Updates Market on Lapse of Deferred Rights and Options
Jul 14, 2026
Judo Capital Holdings Limited has notified the ASX of the cessation of 1,968,908 securities comprising deferred share rights and various options. The instruments lapsed on June 30, 2026 after the conditional rights to the securities were not, or c...
Australian Retirement Trust exits substantial holder position in Judo Capital
Jul 2, 2026
Australian Retirement Trust Pty Ltd, acting as trustee for Australian Retirement Trust, has notified Judo Capital Holdings Limited that it has ceased to be a substantial shareholder as at 29 June 2026. The change in relevant interest in Judo’...
Judo Bank Lifts Provisions but Reaffirms Strong Profit and Capital Outlook
Jun 24, 2026
Judo Bank, the SME-focused Australian business lender, reported continued growth in gross loans and advances, which are expected to reach between $14.6 billion and $14.7 billion by 30 June 2026. The bank’s net interest margin for the second ...
Insignia Financial exits substantial holder position in Judo Capital
Jun 3, 2026
Insignia Financial Ltd, a diversified Australian wealth and investment manager, has notified Judo Capital Holdings Limited that it has ceased to be a substantial shareholder as of late May 2026. The change reflects a series of on-market transactio...
Judo Bank upsizes $750m SME loan securitisation to boost capital and ROE
May 28, 2026
Judo Capital Holdings Limited has priced a $750 million capital-relief securitisation backed by SME business loans, upsized from an initial $500 million after strong domestic and international investor demand. The notes were issued at a weighted a...
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.