Highlights

  • Consensus rating of Buy from 13 analysts: 11 Buy or equivalent, 1 Hold, 1 Sell or equivalent.
  • Mean price target of A$1.48 against a share price of A$0.88 on 8 October 2026, an implied upside of 67.8%.
  • Analyst targets range from A$1.05 to A$1.68.
  • Profit before tax was $168.1 million, up 34%, and statutory NPAT was $111.1 million, up 29%.

Judo Capital (ASX:JDO) carries a consensus analyst rating of Buy. Of the 13 analyst recommendations recorded, 11 are Buy or equivalent, 1 is Hold and 1 is Sell or equivalent. The mean price target is A$1.48, with targets ranging from A$1.05 to A$1.68, against a current share price of A$0.88 (8 October 2026). Judo Capital Holdings Limited operates Judo Bank, a Business bank that lends to small and medium-sized enterprises (SMEs) in Australia and funds itself largely through deposits.

Company name

Judo Capital

Ticker

(ASX:JDO)

Exchange

ASX (Australian Securities Exchange)

Current share price

A$0.88

Price date

8 October 2026

Number of analysts

13

Rating consensus

Buy

Consensus price target (mean)

A$1.48

Highest target

A$1.68

Lowest target

A$1.05

Implied upside/downside to mean target

Implied upside of 67.8%

Latest developments

Judo Capital (ASX:JDO) reported its 2026 full year result on 18 August 2026. Profit before tax was $168.1 million, up 34%, and statutory NPAT was $111.1 million, up 29%. Pre-provision profit rose 42%. Return on Equity rose 110 basis points to 6.4% and Earnings Per Share were 9.9 cents, up 29%. The cost-to-income ratio improved 710 basis points to 45.3%.

Gross loans and advances rose 18% to $14.7 billion, at the top end of FY26 guidance, and deposits rose 24% to $12.2 billion, representing 71% of total funding, after the launch of two new at-call products. Net interest Margin was 3.13% for FY26 and 3.23% for the second half, both above guidance. The Impairment charge was $117.7 million, at the low end of revised guidance given in June 2026, primarily reflecting higher specific provisions for new impaired loans. The 90+ days past due and impaired assets ratio was 2.90% of gross loans and advances.

The CET1 ratio was 12.4%, compared with 13.1%, above the bank's management operating range of 11.0% to 12.0%. The bank reaffirmed FY27 guidance of profit before tax of $210 million to $220 million, growth of 25% to 31% on FY26, with return on equity of about 8%.

Risks and what to watch

The impairment charge rose to $117.7 million, and the impaired assets ratio was 2.90% of gross loans. Return on equity of 6.4% compares with the FY27 target of about 8%, which depends on Loan growth, margin and Credit outcomes. The CET1 ratio fell 70 basis points to 12.4%, and growth in lending above system pace requires continued capital. Funding costs and SME credit conditions affect earnings.

Next milestones

Items to watch include delivery against FY27 guidance of profit before tax of $210 million to $220 million, impairment and arrears trends, deposit growth, net interest margin, the CET1 ratio relative to the 11.0% to 12.0% range, and the half-year result.