JSG

Johnson Service Group PLC

Industrial Goods and Services First-pass screen £489m

360/1000 Overall fit

AI beneficiary 35% 5

Operating leverage 25% 70

Valuation 25% 30

Downside protection 15% 60

First-pass take

JSG is a capital-efficient, cash-generative textile services provider with strong margin expansion (12.1% operating margin, targeting 14% by 2026) and low leverage (0.75x), but derives 72% of revenue from economically cyclical hospitality with zero AI strategy.

Flags

no-ai-strategyno-valuation-datacyclicalcapex-intensivehospitality-exposed