JUDO CAPITAL HOLDINGS LIMITED (JDO)
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JDO

JDO - JUDO CAPITAL HOLDINGS LIMITED

FNArena Sector : Business & Consumer Credit
Year End: June
GICS Industry Group : Banks
Debt/EBITDA: N/A
Index: ASX200 | ASX300 | ALL-ORDS

Judo Capital owns Judo Bank, a specialist lender focused on small and medium-sized Australian businesses.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.995

20 Aug
2026

-0.020

OPEN

$1.01

-1.97%

HIGH

$1.02

8,210,726

LOW

$0.98

TARGET
$1.42 42.7% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
JDO: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 9.9 12.5 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx 28.0% 26.4% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 7.8 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx9.9
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx1,201.3 M
Book Value Per Share xxxxxxxxxxxxxxx158.1
Net Operating Cash Flow xxxxxxxxxxxxxxx280.2 M
Net Profit Margin xxxxxxxxxxxxxxx9.25 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx6.42 %
Return on Invested Capital xxxxxxxxxxxxxxx2.86 %
Return on Assets xxxxxxxxxxxxxxx0.68 %
Return on Equity xxxxxxxxxxxxxxx6.42 %
Return on Total Capital xxxxxxxxxxxxxxx3.42 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx279.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx894 M
Long Term Debt xxxxxxxxxxxxxxx2,346 M
Total Debt xxxxxxxxxxxxxxx3,240 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx781 M
Price To Book Value xxxxxxxxxxxxxxx0.59

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx11.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.92 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx84 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx2,065 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.7

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

19/08/2026

3

Neutral

$1.05

5.53%

Credit quality remains the key hurdle for Judo Capital despite strong underlying FY26 performance, with 18% lending growth, NIM of 3.13% and the cost-to-income ratio improving to 45.3%, UBS explains.

FY27 PBT guidance of $210-$220m implies 25%-31% growth and around 8% ROE, but the expected credit loss ratio is forecast to remain around FY26's elevated 88bps, limiting confidence in a path towards management's low-to-mid teens ROE target.

The broker remains particularly cautious around customer concentration, with 19 customer groups carrying exposures above $50m, including six above $100m, which could continue to drive provisioning volatility.

Neutral rated. Target $1.05.

FORECAST
UBS forecasts a full year FY27 dividend of 0.00 cents and EPS of 13.00 cents.
UBS forecasts a full year FY28 dividend of 0.00 cents and EPS of 15.00 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

20/08/2026

4

Downgrade to Underweight from Buy

$1.25

25.63%

Jarden downgrades Judo Capital to Underweight with its target price decreased to $1.25 after expressing concern that the company has strayed from its initial SME banking thesis into larger, more specialised commercial real estate lending above $50m to meet volume targets.

The analyst highlights that questions remain regarding whether the bank is sufficiently equipped to manage loans typically handled by specialist corporate or institutional sector teams.

The broker's estimates reflect a reassessment of risk following a perceived shift in strategy and loss of confidence in credit risk management and governance elements.

Management faces changing facts regarding asset composition and loan book quality.

The report does make the point that Judo Capital's valuation is supported by a defensive posture amid heightened credit risk concerns.
Access Extra Coverage Research History >

JDO STOCK CHART

FNArena News on JDO

1
In Case You Missed It – BC Extra Upgrades & Downgrades – 21-08-26

Aug 21 2026 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Aug 20, 2026

Aug 20 2026 - Daily Market Reports
3
FNArena Corporate Results Monitor – 19-08-2026

Aug 19 2026 - Australia
4
Rudi’s View: TechOne, Banks & Wesfarmers

Jul 30 2026 - Rudi's View
5
FY26 In Review: Up Thanks To Miners & Dividends

Jul 07 2026 - Australia

Latest Business & Consumer Credit News

1
ASIC Watch: Car Loan Distributor Fees Draw Regulatory Fire

Jul 03 2026 - Australia
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Jun 26 2026 - Small Caps
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Jun 12 2025 - Small Caps
10
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May 07 2025 - Small Caps