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JZ Capital Partners Ltd (JZCP) Fair Value & Analysis

Financial Services · GB · Market cap 103M GBX · ISIN GG00B403HK58

JC JZ Capital Partners Ltd JZCP · LSE
Price£1.71
Fair Value£2.59
Upside+51.9%
Quality74/100
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Strengths

Trades 34% below our fair value of £2.59
Moderate debt · generates free cash flow

Risks

!Mixed Growth (revenue 3y +7.1 %/yr)
!Loss over the last twelve months · -138.8% net margin · fiscal year 2026 69.7%
!Trails peers (4/13)
!Narrow moat 15/100
Mixed Growth (revenue 3y +7.1 %/yr)
Loss over the last twelve months · -138.8% net margin · fiscal year 2026 69.7%
Moderate debt · generates free cash flow
Trails peers (4/13)
Narrow moat 15/100
Evidence: High Range £1.94 – £3.23 Share as image

Fair value as of: Aug 28, 2026

From 2 valuation models · updated today

Share price −2.0% over the past month.

A solid business, trading 34% below our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The rarer combination: high quality (74/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (£1.94). The market is more pessimistic than our downside scenario.
  • 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)

£2.20 £0.9000 Fair Value £2.59 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 28, 2026.

How to read this chart

60‑month range £0.9000 – £2.20 · fair‑value band £1.94 – £3.23 · the £1.71 price screens below the £2.59 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 28, 2026.

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Analysis

JZ Capital Partners Ltd (JZCP) currently trades at £1.71, while our model-based Fair Value estimate is £2.59, implying the stock looks roughly 51.9% undervalued today. The Quality Score stands at 74/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Trailing-twelve-month revenue stands at £4.8M. Revenue declined 67.1% year over year. It earns a return on equity of 0.5%. The balance sheet holds a net cash position of £30.7M. Fundamentals as of Aug 28, 2026

Our scenario range runs from £1.94 (bear case) to £3.23 (bull case); at £1.71, the current price sits below 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 Financial Services peers we cover trades at -29% fair-value upside, at 52%, JZCP screens cheaper 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
P/B Multiple £2.64 £3.52 £4.40 55
NCAV (Graham) £2.07 £2.77 £4.14 50
All 2 models by family
Multiples
P/B Multiple £2.64 £3.52 £4.40 55
Asset-Based
NCAV (Graham) £2.07 £2.77 £4.14 50

Widest divergence: Multiples (£3.52) versus Asset-Based (£2.77). Highest evidence: P/B Multiple (55).

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Key figures & financial health

P/E ratio 28.4
P/S ratio 19.8 P/E × margin
EPS (TTM) £0.0600 price ÷ EPS = P/E 28.4
Net margin 69.7% FY2026
Return on equity 0.5% TTM
Return on assets (EBIT) 2.2% avg 5y
More key figures
Profitability
Operating margin -6.7% TTM
Growth
Revenue (TTM) £4.8M TTM
Revenue growth (YoY) -67.1% 3y avg +7.1%
Balance sheet & cash flow
Free cash flow 35.5M GBX FY2026
Net cash 30.7M GBX FY2026

Figures from reported company fundamentals · as of Aug 28, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 74/100

Of which business quality 72 · Market factors (momentum, volatility) 48

Profitability 31
Margins and returns on capital today
Quality Growth 77
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 21
Distance to the 52-week high (market factor)
Net Issuance 100
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

JZ Capital Partners Limited specializes in micro-cap buyouts, mid venture, distressed debt, structured financings, mezzanine loans; other mezzanine and equity opportunities, and purchases of publicly traded securities in middle market companies. The firm prefers to invest in companies having enterprise value of at most $200 million.

Full company description

JZ Capital Partners Limited specializes in micro-cap buyouts, mid venture, distressed debt, structured financings, mezzanine loans; other mezzanine and equity opportunities, and purchases of publicly traded securities in middle market companies. The firm prefers to invest in companies having enterprise value of at most $200 million. It invests in companies operating in the real estate, consumer, healthcare, chemical, and industrial sector. The fund seeks to invest in the United States and Europe.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

JZ Capital Partners Ltd reported revenue of $7.0M in FY2026 versus $7.5M in FY2022, a compound −1.8%/yr. Reported net income was $4.9M in FY2026, compounding +6.7%/yr from FY2022.

Growth Quality 63/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
£7.0M
Avg. revenue 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.
+7.1%
Avg. revenue growth/yr (14Y) 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.
−13.8%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+10.6% (10.6 + 0.0)
Revenue −1.8%/yr
FY22 $7.5M
FY23 $5.7M
FY24 $16.3M
FY25 $1.6M
FY26 $7.0M
Net income +6.7%/yr
FY22 $3.8M
FY23 $2.6M
FY24 $1.6M
FY25 −$1.1M
FY26 $4.9M

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Cite: Fair Value Calculator (2026). "JZ Capital Partners Ltd Fair Value". https://www.fairvalue-calculator.com/stock/JZCP

Peer Group

Asset Management · 724 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 72 · Top 25%
Fair Value upside +52% · Top 25%
Return on equity (TTM) 1% · Below median
Return on assets 2% · Below median
Net margin (TTM) -139% · Bottom 25%
Operating margin (TTM) -7% · Bottom 25%
Revenue growth -67% · Bottom 25%
Debt / equity 0.78× · Higher than 75% of peers

Valuation Multiples vs Asset Management median · lower = cheaper

P/E (TTM) 28.4× · Pricier than 75% of peers
P/B 0.56× · Cheaper than median
P/S (TTM) 29.34× · Pricier than 75% of peers
P/FCF 3.9× · Cheaper than median
EV/EBITDA 62.7× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 39
FUTURE0 · sector 14
PAST2 · sector 21
HEALTH61 · sector 96
DIVIDEND0 · sector 76

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

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Aug 28, 2026).

Stock Price Fair Value vs Fair Value
Blackstone Inc BX $143.20 $52.88 -63%
Investor AB INVEB kr 414.75 kr 824.66 +99%
Brookfield Corporation BN C$58.60 C$7.74 -87%
KKR & Co KKR $108.50 $19.97 -82%
Apollo Global Management, Inc APO $133.67 $101.04 -24%
State Street Corporation STT $193.62 $138.33 -29%
Ameriprise Financial, Inc AMP $560.28 $515.24 -8%
Ares Management Corporation ARES $143.10 $30.88 -78%
Northern Trust Corporation NTRS $191.33 $122.02 -36%
Raymond James Financial, Inc RJF $176.69 $142.42 -19%

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Frequently asked questions

Is JZ Capital Partners Ltd (JZCP) overvalued or undervalued?
As of Aug 28, 2026, our model estimates a fair value of £2.59 versus a price of £1.71, about +52% (undervalued).
What is the fair value of JZCP?
Our model-based fair value for JZ Capital Partners Ltd is £2.59 (as of Aug 28, 2026), built from audited fundamentals. The current price: £1.71.
What is the quality score of JZCP?
JZ Capital Partners Ltd has a Quality Score of 74/100. 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 JZ Capital Partners Ltd (JZCP)?
JZ Capital Partners Ltd reported trailing-twelve-month revenue of about £4.8M (latest available figure, as of Aug 28, 2026).
What is the net profit margin of JZCP?
The net profit margin of JZ Capital Partners Ltd is about -138.8%, meaning it is currently running at a net loss. 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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