Judo Capital Holdings Ltd
JDO: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| A$4.90 | Crp | Vtkhssf |
Judo Capital Loan Growth Rates to Slow as Higher-Margin Business Is Prioritized
Business Strategy and Outlook
Judo Capital, or Judo, began as a nonbank lender in 2016, using seed capital and debt facilities to establish itself as a lender to Australian small and midsize businesses, or SMBs. Judo received a banking deposit license in 2019. Among its competitors are the big four Australian banks which collectively have around 70% market share of total business loans. Judo has less than 1% share of total Australian business loan market, but we estimate closer to 2% of the SMB market.