JDC Group

DE: A8A

Market Cap€256m

Last Close €18.7

JDC Group is a leading German insurance platform, providing advice and financial services for professional intermediaries and banks, but also directly for end-customers. JDC’s digital platform, for end-clients and for the administration and processing of insurance products, is also provided as a white-label product.

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Investment summary

Bancassurance advisory and service platform JDC Group (JDC) reported strong Q1 results. After large client wins in the last few years, most notably Provinzial and Versicherungskammer Bayern (VKB), JDC is now slowly getting into the execution phase of these large contracts. Nevertheless, the number of transfers of insurance contracts to its platform and hence the contribution in terms of revenues from these clients will be limited this year. Based on 2023e consensus EV/sales and EV/EBITDA, the valuation does not seem demanding compared to platform peers.

Content on JDC Group
JDC Group – Starting to execute on large client wins
Financials | research Update | 30 May 2022
JDC Group – Seeking higher levels of growth
Financials | research QuickView | 28 October 2021
JDC Group – Seeking a higher level of growth
Financials | research Update | 17 August 2021
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Share price graph
Price performance
%
1m
3m
12m
Actual (2.1) (16.9) 10
Relative* 10.2 (6.3) 33.6
52-week high/low €27.4/€14.6
*% relative to local index
Key management
Dr. Sebastian Grabmaier CEO
Ralph Konrad CFO

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