JDC posts another record quarter
With revenues of € 62.2 million (+16.7%), JDC Group AG (ISIN DE000A0B9N37, Open Market, JDC GY) closed the strongest Q1 in the company's history. Consolidated EBIT rose to € 3.472 million (+37.6%). Cash and cash equivalents totalling € 29.5 million significantly exceed interest-bearing liabilities (just under € 20 million) and give JDC the option of continuing to accelerate growth through acquisitions. Target valuations have risen significantly in recent years due to the activities of private equity investors. Due to the combination of (organic) growth and the scaling of its own platform, the JDC share is an attractive investment in our view with an EV/Sales2025 of 1.18 (peer group median: 3.7).Our updated DCF and peer group valuation implies an average Fair value of € 31.32 per share. We reiterate our rating “Buy”.
JDC Group AG. JDC Group AG, formerly Aragon AG, is a Germany-based financial services company that offers brokerage financial products and consultancy services. The Company's business is divided into two business segments: Advisory and AdvisorTech. The Advisory segment provides financial products of its subsidiaries Jung, DMS & Cie. and FiNUM to end customers via independent consultants, brokers and financial service providers. In addition, this segment also operates a managed portfolio of investment funds, closed-end funds, certificates, insurance policies and other financial products. The AdvisorTech segment provides information technology (IT) and management consulting services. The Company is active in Germany and Austria. JDC Group AG operates Jung, DMS & Cie, FiNUM. Private Finance AG (Austria), FiNUM Private Finance AG (Germany) and FiNUM. Finanzhaus AG as subsidiaries.
Since 2007, BankM AG (Frankfurt am Main, Germany) is the partner of small and medium-sized enterprises and specializing in capital market financing with its experienced, interdisciplinary team. SME customers benefit from individual service and rapid access to selected investors that fit their needs. BankM's services include capital market advisory, arranging IPOs and capital increases for equity financing, debt advisory and debt capital mediation, designated sponsoring and research as well as M&A, hereby specializing in the identification of suitable strategic partners in China.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.