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Journeo plc (JNEO) Fair Value & Analysis

Industrials · GB · Market cap 84.8M GBX

JP Journeo plc JNEO · LSE
Price£4.78
Fair Value£4.70
Upside-1.6%
Quality55/100
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Healthy Growth
Thin margins · 7.6% net margin
Low debt · generates free cash flow
Ranks above peers (8/13)
Moderate moat 56/100
Evidence: High Range £3.53 – £5.88 Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 23 days ago

Share price +3.8% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from £3.53 (bear) to £5.88 (bull), base £4.70. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 55/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

£5.16 £0.9492 Fair Value £4.70 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 £0.9492 – £5.16 · fair‑value band £3.53 – £5.88 · the £4.78 price screens above the £4.70 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

Journeo plc (JNEO) currently trades at £4.78, while our model-based Fair Value estimate is £4.70, implying the stock looks roughly 1.6% fairly valued today. The Quality Score stands at 55/100 (solid quality), in the Industrials 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, Journeo plc generated revenue of £55.0M at a net margin of 7.6%. Revenue grew 27.4% year over year. It earns a return on equity of 20.6%. The balance sheet holds a net cash position of £10.3M. Fundamentals as of Jul 18, 2026

Our scenario range runs from £3.53 (bear case) to £5.88 (bull case); at £4.78, the current price sits within 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. For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at -2%, JNEO 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 £4.95 £7.45 £10.92 80
Residual Income £1.26 £1.64 £4.32 76
Rev-Margin DCF £4.13 £6.42 £9.49 74
All 26 models by family
DCF Models
FCF DCF £5.07 £8.06 £12.60 38
Owner Earnings £3.74 £5.83 £8.99 31
5Y Revenue Exit £4.13 £6.45 £9.59 39
5Y EBITDA Exit £4.64 £7.53 £11.18 41
5Y P/E Exit £4.36 £6.93 £9.91 38
10Y Revenue Exit £4.37 £6.54 £9.87 36
10Y EBITDA Exit £4.74 £7.23 £11.05 37
10Y P/E Exit £4.58 £6.85 £10.11 35
Earnings-Based
Graham-Dodd £1.60 £8.39 £11.61 54
Lynch FV £2.30 £3.29 £4.28 50
PEG = 1.0 £2.30 £3.29 £4.28 46
EPV £2.37 £2.58 £2.74 59
Dividend Discount
Gordon GGM £0.2600 £0.4300 £0.5600 70
DDM Multi-Stage £0.2600 £0.4100 £0.4600 61
Multiples
P/E Multiple £3.53 £4.70 £5.88 63
P/S Multiple £3.00 £4.00 £4.99 58
P/B Multiple £2.92 £3.90 £4.87 55
EV/EBIT £4.99 £6.43 £7.87 53
EV/EBITDA £4.70 £6.04 £7.39 54
EV/Revenue £3.58 £4.83 £6.08 43
Asset-Based
NCAV (Graham) £0.6500 £0.8700 £1.30 50
Growth DCF
Growth DCF £4.95 £7.45 £10.92 80
Rev-Margin DCF £4.13 £6.42 £9.49 74
Economic Profit
Residual Income £1.26 £1.64 £4.32 76
ROIC Compounder £2.55 £2.98 £3.46 72
Growth Earnings
Growth-Adj P/E £3.34 £4.78 £6.21 68

Widest divergence: DCF Models (£6.85) versus Dividend Discount (£0.4100). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 55.0M GBX
Revenue growth (YoY) +27.4%
Net margin 7.6%
Return on equity 20.6%
Free cash flow 8.0M GBX FY2025
P/E ratio 20.0
More key figures
Operating margin 10.2%
EPS (TTM) £0.2400
EPS growth (YoY) -4.1%
Net cash 10.3M GBX FY2025

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

Quality Score breakdown

Overall quality 55/100

Of which business quality 60 · Market factors (momentum, volatility) 69

Profitability 61
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 80
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 65
Price trend over the last 3–12 months (market factor)
52W Momentum 70
Distance to the 52-week high (market factor)
Net Issuance 33
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

Journeo plc provides solutions to the transport community that captures, processes, and displays essential information to enhance journeys in the United Kingdom and internationally. The company operates through the Crime and Fire Defence Systems, Fleet Systems, Infotec, Journeo A/S, and Passenger Systems segments.

Full company description

Journeo plc provides solutions to the transport community that captures, processes, and displays essential information to enhance journeys in the United Kingdom and internationally. The company operates through the Crime and Fire Defence Systems, Fleet Systems, Infotec, Journeo A/S, and Passenger Systems segments. It offers EPI, a cloud-based passenger information software, as well as the Journeo portal, which provides Journeo Transit, remote condition monitoring, video management, passenger count, and telematics and driver behavior services. The company also provides solutions for buses, coaches, and rail vehicles, including real-time and historical passenger data, CCTV, camera monitor systems, blind spot information systems, driver displays, next-stop announcement displays, and on-board Wi-Fi services, as well as station information security systems and GPS asset tracking. In addition, it offers passenger transport infrastructure technology, such as interactive totems, LED displays, low-power displays, LCD displays, and sustainable RTPI displays. Further, the company provides consultation, software development and technology integration, product development, installation, testing, and commissioning, maintenance, and support services. The company was formerly known as 21st Century Technology plc and changed its name to Journeo plc in October 2019. Journeo plc was founded in 1993 and is headquartered in Ashby-de-la-Zouch, the United Kingdom.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Journeo plc reported revenue of £55.0M in FY2025 versus £15.6M in FY2021, a compound +37.1%/yr. Reported net income was £4.2M in FY2025, compounding +78.7%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
£55.0M
Latest YoY
+11.0%
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.
+37.6%
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.
+32.2%
Avg. growth/yr (30Y) 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.
+25.6%
Revenue +37.1%/yr
FY21 £15.6M
FY22 £21.1M
FY23 £46.1M
FY24 £49.6M
FY25 £55.0M
Net income +78.7%/yr
FY21 £407K
FY22 £903K
FY23 £3.0M
FY24 £4.5M
FY25 £4.2M

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Cite: Fair Value Calculator (2026). "Journeo plc Fair Value". https://www.fairvalue-calculator.com/stock/JNEO

Peer Group

Security & Protection Services · 114 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 55 · Above median
Fair Value upside −2% · Above median
Return on equity (TTM) 21% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 8% · Above median
Operating margin (TTM) 10% · Above median
Revenue growth 27% · Top 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Security & Protection Services median · lower = cheaper

P/E (TTM) 20.0× · Pricier than median
P/B 4.98× · Pricier than 75% of peers
P/S (TTM) 2.08× · Pricier than median
P/FCF 14.4× · Pricier than median
EV/EBITDA 16.6× · 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 31 · sector 19
FUTURE 100 · sector 39
PAST 82 · sector 20
HEALTH 100 · sector 99
DIVIDEND 0 · sector 49

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 Security & Protection Services stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

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Zhejiang Dahua Technology Co 002236 ¥16.57 ¥23.58 +42%
MSA Safety Incorporated MSA $169.00 $118.51 -30%
ADT Inc ADT $7.06 $17.10 +142%
The Brink's Company BCO $104.24 $101.84 -2%
Brady Corporation BRC $90.16 $73.43 -19%
The GEO Group GEO $29.46 $32.36 +10%

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Frequently asked questions

Is Journeo plc (JNEO) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of £4.70 versus a price of £4.78, about −2% (fairly valued).
What is the fair value of JNEO?
Our model-based fair value for Journeo plc is £4.70 (as of Jul 18, 2026), built from audited fundamentals. The current price is £4.78.
What is the quality score of JNEO?
Journeo plc has a Quality Score of 55/100. 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 Journeo plc (JNEO)?
Journeo plc reported trailing-twelve-month revenue of about £55.0M (latest available figure, as of Jul 18, 2026).
What is the net profit margin of JNEO?
The net profit margin of Journeo plc is about 7.6%, meaning it keeps roughly 7.6% 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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