Financials Judges Scientific plc

Equities

Market Closed - London S.E. Other stock markets 11:35:11 2024-04-26 am EDT			5-day change	1st Jan Change
11,150 ^GBX	+2.29%		+3.24%	+22.26%

Mar. 26	Dr Martens cut to 'sell'; BofA likes Tullow	AN
Mar. 25	Judges Scientific Chair Hambro sells GBP110,000 in shares	AN

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	351.7	401.9	530.7	537.6	603.4	740.3	-	-
Enterprise Value (EV) ¹	352	407.6	529.3	576.7	648.1	769.8	753.2	740.9
P/E ratio	-	-	-	-	63.6 x	46.6 x	40.9 x	37.3 x
Yield	0.88%	0.86%	0.79%	0.96%	1.04%	0.93%	1.02%	1.11%
Capitalization / Revenue	4.26 x	5.03 x	5.81 x	4.75 x	4.43 x	5.23 x	4.95 x	4.73 x
EV / Revenue	4.27 x	5.1 x	5.8 x	5.09 x	4.76 x	5.44 x	5.04 x	4.73 x
EV / EBITDA	18.5 x	25.1 x	25.3 x	17.7 x	17.1 x	19 x	17.5 x	16.4 x
EV / FCF	24.5 x	41.3 x	40.3 x	47.1 x	29.7 x	35.4 x	30.5 x	26.4 x
FCF Yield	4.08%	2.42%	2.48%	2.12%	3.36%	2.83%	3.28%	3.79%
Price to Book	-	-	-	-	7.32 x	7.12 x	5.91 x	5 x
Nbr of stocks (in thousands)	6,224	6,299	6,318	6,370	6,616	6,640	-	-
Reference price ²	56.50	63.80	84.00	84.40	91.20	111.5	111.5	111.5
Announcement Date	3/18/20	3/22/21	3/23/22	3/22/23	3/21/24	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	82.5	79.86	91.29	113.2	136.1	141.4	149.5	156.6
EBITDA ¹	19.02	16.22	20.88	32.55	38	40.6	42.92	45.15
EBIT ¹	17.38	14.36	18.78	30.11	34.8	36.76	38.67	40.94
Operating Margin	21.07%	17.98%	20.57%	26.6%	25.57%	25.99%	25.86%	26.14%
Earnings before Tax (EBT) ¹	13.63	9.473	14.86	15.97	13.4	27.33	30.27	33.17
Net income ¹	11.85	8.22	11.69	12.78	9.9	21.83	23.9	25.93
Net margin	14.37%	10.29%	12.8%	11.28%	7.27%	15.44%	15.98%	16.56%
EPS ²	-	-	-	-	1.435	2.394	2.729	2.991
Free Cash Flow ¹	14.37	9.871	13.14	12.24	21.8	21.75	24.72	28.11
FCF margin	17.42%	12.36%	14.39%	10.82%	16.02%	15.38%	16.53%	17.95%
FCF Conversion (EBITDA)	75.57%	60.86%	62.92%	37.62%	57.37%	53.58%	57.59%	62.26%
FCF Conversion (Net income)	121.24%	120.09%	112.41%	95.85%	220.2%	99.63%	103.43%	108.39%
Dividend per Share ²	0.5000	0.5500	0.6600	0.8100	0.9500	1.037	1.140	1.234
Announcement Date	3/18/20	3/22/21	3/23/22	3/22/23	3/21/24	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	0.33	5.7	-	39.1	44.7	29.4	12.8	0.58
Net Cash position ¹	-	-	1.4	-	-	-	-	-
Leverage (Debt/EBITDA)	0.0172 x	0.3515 x	-	1.202 x	1.176 x	0.7251 x	0.2992 x	0.0127 x
Free Cash Flow ¹	14.4	9.87	13.1	12.2	21.8	21.8	24.7	28.1
ROE (net income / shareholders' equity)	-	-	-	-	35.7%	25.1%	22.4%	20.5%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	-	-	-	-	12.50	15.70	18.90	22.30
Cash Flow per Share ²	-	-	-	-	4.000	5.120	5.330	5.640
Capex ¹	1.3	1.25	2.58	6.36	4.7	5.37	5.6	2.1
Capex / Sales	1.58%	1.57%	2.82%	5.61%	3.45%	3.79%	3.75%	1.34%
Announcement Date	3/18/20	3/22/21	3/23/22	3/22/23	3/21/24	-	-	-

¹GBP in Million²GBP

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C-

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

111.5 GBP

Average target price

128.5 GBP

Spread / Average Target

+15.26%

	1st Jan change	Capi.
JUDGES SCIENTIFIC PLC	+22.26%	922M
ATLAS COPCO AB	+11.73%	82.35B
PARKER-HANNIFIN CORPORATION	+20.17%	71.09B
INGERSOLL RAND INC.	+20.89%	37.72B
XYLEM INC.	+15.77%	32.01B
FANUC CORPORATION	+9.19%	27.2B
FORTIVE CORPORATION	+3.18%	26.74B
SANDVIK AB	+4.22%	26B
TECHTRONIC INDUSTRIES CO. LTD.	+16.93%	25.5B
DOVER CORPORATION	+17.14%	24.76B