Judo Capital Holdings Ltd
JDO: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|dn | LOCK|$f# | LOCK|#t@G#CY |
Judo Loan Growth Continues to Shine, but Loan Quality Being Tested
Business Strategy and Outlook
Judo Capital 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. It received a banking deposit license in 2019. Among its competitors are the big four Australian banks, which collectively have around 70% share of total business loans. Judo has less than 1% share of the total Australian business loan market, but we estimate roughly 2% of the SMB market.
