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JDC Group (JDC) Fair Value & Analysis

Financial Services · DE · Market cap €302M

JG JDC Group JDC · XETRA
Price€23.80
Fair Value€6.68
Upside-71.9%
Quality51/100
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Healthy Growth
Thin margins · 2.5% net margin
Moderate debt · generates free cash flow
Trails peers (4/13)
Narrow moat 43/100
Evidence: High Range €5.01 – €8.35 Share as image

Fair value as of: Jul 18, 2026

From 13 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from €6.96 to €6.68 (−4.0%) since Jun 26, 2026. Share price +4.4% over the past month.

A solid business, but screening 72% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€8.35). The favourable scenario is already priced in.
  • Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

€32.00 €12.95 Fair Value €6.68 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range €12.95 – €32.00 · fair‑value band €5.01 – €8.35 · the €23.80 price screens above the €6.68 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

JDC Group (JDC) currently trades at €23.80, while our model-based Fair Value estimate is €6.68, implying the stock looks roughly 71.9% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, JDC Group generated revenue of €259M at a net margin of 2.5%. Revenue grew 17.5% year over year. It earns a return on equity of 13.8%. Net debt stands at €58.7M. Fundamentals as of Jul 18, 2026

Our scenario range runs from €5.01 (bear case) to €8.35 (bull case); at €23.80, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 27% below its 52-week high and 18% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -15% fair-value upside, at -72%, JDC screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF €6.36 €11.71 €19.11 80
Residual Income €4.41 €5.10 €7.85 76
Rev-Margin DCF €5.69 €11.72 €19.20 74
All 13 models by family
DCF Models
Owner Earnings €7.91 €14.66 €24.48 31
5Y P/E Exit €3.78 €7.98 €12.53 38
10Y P/E Exit €4.71 €8.57 €13.55 35
Earnings-Based
Graham-Dodd €4.56 €18.52 €25.20 54
Lynch FV €4.63 €6.62 €8.61 50
Dividend Discount
Gordon GGM €8.06 €14.52 €19.98 70
DDM Multi-Stage €8.06 €13.26 €15.51 61
Multiples
P/E Multiple €6.53 €8.71 €10.89 63
P/B Multiple €5.01 €6.68 €8.35 55
Asset-Based
NCAV (Graham) €2.38 €3.20 €4.77 50
Growth DCF
Growth DCF €6.36 €11.71 €19.11 80
Rev-Margin DCF €5.69 €11.72 €19.20 74
Economic Profit
Residual Income €4.41 €5.10 €7.85 76

Widest divergence: Dividend Discount (€13.26) versus Asset-Based (€3.20). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €259M
Revenue growth (YoY) +18.5%
Net margin 2.5%
Return on equity 13.8%
Free cash flow €13.6M FY2025
P/E ratio 46.5
More key figures
Operating margin 6.3%
EPS (TTM) €0.4800
EPS growth (YoY) -20.0%
Net debt €58.7M FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 51 · Market factors (momentum, volatility) 42

Profitability 58
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 38
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 20
Distance to the 52-week high (market factor)
Net Issuance 71
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

JDC Group AG operates as a financial services company in Germany and Austria. It operates through two segments, Advisortech and Advisory.

Full company description

JDC Group AG operates as a financial services company in Germany and Austria. It operates through two segments, Advisortech and Advisory. The Advisortech segment offers a digital platform for insurance, investment funds, and other financial products and services under the Jung, DMS & Cie., MORGEN & MORGEN, allesmeins, Top Ten, and Geld.de brand names; investment funds; closed-end funds; and insurance policies and certificates, as well as other services related to investment advice. This segment distributes its financial products through independent financial advisers and brokers. The Advisory segment provides insurance, investments, and financing services. It also provides insurance, securities, and material values products. The company was formerly known as Aragon AG and changed its name to JDC Group AG in July 2015. JDC Group AG was founded in 2004 and is based in Wiesbaden, Germany.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

JDC Group reported revenue of €250M in FY2025 versus €147M in FY2021, a compound +14.2%/yr. Reported net income was €9.1M in FY2025, compounding +77.8%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€250M
Latest YoY
+11.3%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+17.0%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+15.3%
Avg. growth/yr (18Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.3%
Revenue +14.2%/yr
FY21 €147M
FY22 €156M
FY23 €171M
FY24 €225M
FY25 €250M
Net income +77.8%/yr
FY21 €907K
FY22 €901K
FY23 €3.8M
FY24 €5.9M
FY25 €9.1M

JDC screens 72% overvalued. Compare with ORIX Corporation →

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Cite: Fair Value Calculator (2026). "JDC Group Fair Value". https://www.fairvalue-calculator.com/stock/JDC

Peer Group

Financial Conglomerates · 55 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 50 · Below median
Fair Value upside −72% · Bottom 25%
Return on equity (TTM) 14% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 3% · Bottom 25%
Operating margin (TTM) 6% · Bottom 25%
Revenue growth 19% · Above median
Debt / equity 1.35× · Higher than 75% of peers

Valuation Multiples vs Financial Conglomerates median · lower = cheaper

P/E (TTM) 46.5× · Pricier than 75% of peers
P/B 5.40× · Pricier than 75% of peers
P/S (TTM) 1.34× · Cheaper than median
P/FCF 25.6× · Pricier than 75% of peers
EV/EBITDA 37.4× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 13
FUTURE 93 · sector 39
PAST 55 · sector 33
HEALTH 33 · sector 84
DIVIDEND 0 · sector 41

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Financial Conglomerates stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
ORIX Corporation IX $40.31 $35.05 -13%
Bajaj Finserv Ltd BAJAJFINSV ₹2,065 ₹682.29 -67%
Yuanta Financial Holding 2885 66.70 TWD 35.75 TWD -46%
China Galaxy Securities Co 601881 ¥12.94 ¥18.92 +46%
Guosen Securities Co 002736 ¥10.34 ¥17.96 +74%
CNPC Capital Company 000617 ¥6.80 ¥5.78 -15%
Aditya Birla Capital Limited ABCAPITAL ₹399.25 ₹176.15 -56%
Freedom Holding FRHC $152.69 $32.75 -79%
Voya Financial, Inc VOYA $98.49 $76.48 -22%
Guangzhou Yuexiu Capital Holdings 000987 ¥7.77 ¥9.27 +19%

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Frequently asked questions

Is JDC Group (JDC) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of €6.68 versus a price of €23.80, about −72% (overvalued).
What is the fair value of JDC?
Our model-based fair value for JDC Group is €6.68 (as of Jul 18, 2026), built from audited fundamentals. The current price is €23.80.
What is the quality score of JDC?
JDC Group has a Quality Score of 51/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of JDC Group (JDC)?
JDC Group reported trailing-twelve-month revenue of about €259M (latest available figure, as of Jul 18, 2026).
What is the net profit margin of JDC?
The net profit margin of JDC Group is about 2.5%, meaning it keeps roughly 2.5% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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