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Jacquet Metal Service

ENXTPA:JCQ
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JCQ
ENXTPA
€335M
Market Cap
  1. Home
  2. FR
  3. Capital Goods
Company description

Jacquet Metal Service SA engages in the distribution of specialty steels. The last earnings update was 78 days ago. More info.


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JCQ Share Price and Events
7 Day Returns
-2.3%
ENXTPA:JCQ
-0.8%
FR Trade Distributors
-2.1%
FR Market
1 Year Returns
1%
ENXTPA:JCQ
12.8%
FR Trade Distributors
16.4%
FR Market
JCQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Jacquet Metal Service (JCQ) -2.3% -9.2% -11.7% 1% -26.5% -4.6%
FR Trade Distributors -0.8% -2.5% 6.6% 12.8% -22.1% -16%
FR Market -2.1% -0.1% 3% 16.4% 29.5% 44%
1 Year Return vs Industry and Market
  • JCQ underperformed the Trade Distributors industry which returned 12.8% over the past year.
  • JCQ underperformed the Market in France which returned 16.4% over the past year.
Price Volatility
JCQ
Industry
5yr Volatility vs Market

JCQ Value

 Is Jacquet Metal Service undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Jacquet Metal Service to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Jacquet Metal Service.

ENXTPA:JCQ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in EUR € 0.60833333333333
Payout Ratio Company Filings (2019-06-30) 2691%
Discount Rate (Cost of Equity) See below 8.9%
Perpetual Growth Rate 10-Year FR Government Bond Rate -0.1%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTPA:JCQ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FR Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.1%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.94
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.936 (1 + (1- 33%) (124.72%))
1.482
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.48
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.11% + (1.482 * 6.07%)
8.88%

Discounted Cash Flow Calculation for ENXTPA:JCQ using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Jacquet Metal Service is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

ENXTPA:JCQ Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €0.61 / (8.88% - -0.11%)
€6.76
ENXTPA:JCQ Discount to Share Price
Calculation Result
Value per share (EUR) From above. €6.76
Current discount Discount to share price of €14.40
= -1 x (€14.40 - €6.76) / €6.76
-112.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Jacquet Metal Service is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Jacquet Metal Service's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Jacquet Metal Service's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:JCQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €1.63
ENXTPA:JCQ Share Price ** ENXTPA (2019-12-05) in EUR €14.4
France Trade Distributors Industry PE Ratio Median Figure of 5 Publicly-Listed Trade Distributors Companies 15.75x
France Market PE Ratio Median Figure of 406 Publicly-Listed Companies 17.81x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Jacquet Metal Service.

ENXTPA:JCQ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:JCQ Share Price ÷ EPS (both in EUR)

= 14.4 ÷ 1.63

8.85x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Jacquet Metal Service is good value based on earnings compared to the FR Trade Distributors industry average.
  • Jacquet Metal Service is good value based on earnings compared to the France market.
Price based on expected Growth
Does Jacquet Metal Service's expected growth come at a high price?
Raw Data
ENXTPA:JCQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-6.3%per year
Europe Trade Distributors Industry PEG Ratio Median Figure of 32 Publicly-Listed Trade Distributors Companies 1.58x
France Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

ENXTPA:JCQ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.85x ÷ -6.3%

-1.41x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Jacquet Metal Service earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Jacquet Metal Service's assets?
Raw Data
ENXTPA:JCQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €15.20
ENXTPA:JCQ Share Price * ENXTPA (2019-12-05) in EUR €14.4
France Trade Distributors Industry PB Ratio Median Figure of 8 Publicly-Listed Trade Distributors Companies 0.93x
France Market PB Ratio Median Figure of 595 Publicly-Listed Companies 1.44x
ENXTPA:JCQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:JCQ Share Price ÷ Book Value per Share (both in EUR)

= 14.4 ÷ 15.20

0.95x

* Primary Listing of Jacquet Metal Service.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Jacquet Metal Service is overvalued based on assets compared to the FR Trade Distributors industry average.
X
Value checks
We assess Jacquet Metal Service's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Trade Distributors industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Trade Distributors industry average (and greater than 0)? (1 check)
  5. Jacquet Metal Service has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

JCQ Future Performance

 How is Jacquet Metal Service expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-6.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Jacquet Metal Service expected to grow at an attractive rate?
  • Jacquet Metal Service's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.1%.
Growth vs Market Checks
  • Jacquet Metal Service's earnings are expected to decrease over the next 1-3 years, this is below the France market average.
  • Jacquet Metal Service's revenue growth is positive but not above the France market average.
Annual Growth Rates Comparison
Raw Data
ENXTPA:JCQ Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTPA:JCQ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -6.3%
ENXTPA:JCQ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 0.3%
Europe Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 9.2%
France Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
France Market Earnings Growth Rate Market Cap Weighted Average 11.6%
France Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTPA:JCQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTPA:JCQ Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,738 54 27 2
2020-12-31 1,683 39 24 2
2019-12-31 1,645 72 24 2
2019-12-05
ENXTPA:JCQ Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 1,806 88 38
2019-03-31 1,844 51 51
2018-12-31 1,865 25 62
2018-09-30 1,815 60
2018-06-30 1,774 26 57
2018-03-31 1,779 35 53
2017-12-31 1,741 80 46
2017-09-30 1,693 45
2017-06-30 1,659 63 41
2017-03-31 1,631 79 32
2016-12-31 1,588 43 16
2016-09-30 1,595 48 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Jacquet Metal Service's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Jacquet Metal Service's revenue is expected to grow by 0.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTPA:JCQ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Jacquet Metal Service Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:JCQ Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.14 1.33 0.94 2.00
2020-12-31 1.00 1.12 0.87 2.00
2019-12-31 0.99 1.04 0.93 2.00
2019-12-05
ENXTPA:JCQ Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 1.63
2019-03-31 2.15
2018-12-31 2.61
2018-09-30 2.53
2018-06-30 2.42
2018-03-31 2.25
2017-12-31 1.95
2017-09-30 1.93
2017-06-30 1.74
2017-03-31 1.34
2016-12-31 0.68
2016-09-30 -0.06

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Jacquet Metal Service is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Jacquet Metal Service's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the France market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Jacquet Metal Service has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

JCQ Past Performance

  How has Jacquet Metal Service performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Jacquet Metal Service's growth in the last year to its industry (Trade Distributors).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Jacquet Metal Service's year on year earnings growth rate has been positive over the past 5 years.
  • Jacquet Metal Service's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Jacquet Metal Service's 1-year earnings growth is negative, it can't be compared to the Europe Trade Distributors industry average.
Earnings and Revenue History
Jacquet Metal Service's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Jacquet Metal Service Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:JCQ Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 1,805.71 38.48 339.43
2019-03-31 1,844.50 50.66 344.66
2018-12-31 1,865.03 61.63 350.59
2018-09-30 1,815.37 59.82 336.95
2018-06-30 1,774.23 57.45 333.26
2018-03-31 1,778.71 53.35 336.01
2017-12-31 1,741.15 46.24 338.13
2017-09-30 1,692.74 45.39 339.02
2017-06-30 1,659.44 41.39 340.21
2017-03-31 1,630.68 32.40 345.90
2016-12-31 1,588.28 16.03 339.74
2016-09-30 1,595.44 -1.35 339.61
2016-06-30 1,594.17 41.96 339.26
2016-03-31 1,483.59 43.08 312.23
2015-12-31 1,377.51 50.47 286.55
2015-09-30 1,270.09 66.64 261.77
2015-06-30 1,171.33 25.12 236.32
2015-03-31 1,150.92 26.22 230.33
2014-12-31 1,126.03 25.15 225.68
2014-09-30 1,101.59 18.94 220.06
2014-06-30 1,074.13 12.04 217.16
2014-03-31 1,055.91 7.46 214.88
2013-12-31 1,037.56 3.85 212.28
2013-09-30 1,031.58 -1.48 208.01
2013-06-30 1,037.14 -1.61 208.10
2013-03-31 1,057.29 -1.16 209.05
2012-12-31 1,104.85 0.72 209.87

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Jacquet Metal Service has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Jacquet Metal Service used its assets more efficiently than the FR Trade Distributors industry average last year based on Return on Assets.
  • Jacquet Metal Service has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Jacquet Metal Service's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Trade Distributors industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Jacquet Metal Service has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

JCQ Health

 How is Jacquet Metal Service's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Jacquet Metal Service's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Jacquet Metal Service is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Jacquet Metal Service's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Jacquet Metal Service's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Jacquet Metal Service Company Filings, last reported 5 months ago.

ENXTPA:JCQ Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 375.81 330.05 172.53
2019-03-31 389.40 324.70 141.40
2018-12-31 376.76 321.99 119.42
2018-09-30 364.34 350.28 108.03
2018-06-30 352.22 324.46 118.40
2018-03-31 354.40 319.97 124.12
2017-12-31 331.85 269.49 102.15
2017-09-30 322.10 258.93 66.00
2017-06-30 312.70 242.20 66.43
2017-03-31 313.05 234.74 61.85
2016-12-31 296.52 261.93 72.95
2016-09-30 289.90 274.66 63.58
2016-06-30 283.61 297.05 94.04
2016-03-31 294.49 312.73 97.14
2015-12-31 295.43 285.29 90.59
2015-09-30 301.98 288.44 71.66
2015-06-30 255.98 199.56 66.26
2015-03-31 273.16 211.69 83.97
2014-12-31 261.93 187.56 63.15
2014-09-30 257.72 199.18 68.13
2014-06-30 249.38 172.19 71.06
2014-03-31 258.62 139.25 70.80
2013-12-31 253.34 126.10 61.44
2013-09-30 253.30 143.27 64.76
2013-06-30 252.98 124.53 82.90
2013-03-31 266.98 98.32 65.60
2012-12-31 265.67 108.48 71.45
  • Jacquet Metal Service's level of debt (87.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (63.3% vs 87.8% today).
  • Debt is well covered by operating cash flow (26.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.5x coverage).
X
Financial health checks
We assess Jacquet Metal Service's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Jacquet Metal Service has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

JCQ Dividends

 What is Jacquet Metal Service's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.86%
Current annual income from Jacquet Metal Service dividends. Estimated to be 4.22% next year.
If you bought €2,000 of Jacquet Metal Service shares you are expected to receive €97 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Jacquet Metal Service's pays a higher dividend yield than the bottom 25% of dividend payers in France (1.5%).
  • Jacquet Metal Service's dividend is above the markets top 25% of dividend payers in France (4.62%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTPA:JCQ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 62 Stocks 2.4%
France Market Average Dividend Yield Market Cap Weighted Average of 310 Stocks 2.9%
France Minimum Threshold Dividend Yield 10th Percentile 0.9%
France Bottom 25% Dividend Yield 25th Percentile 1.5%
France Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTPA:JCQ Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.63 2.00
2020-12-31 0.60 2.00
2019-12-31 0.60 2.00
2019-12-05
ENXTPA:JCQ Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-05-14 0.700 4.394
2019-04-12 0.700 4.067
2019-03-13 0.700 4.394
2018-05-04 0.700 3.515
2018-04-05 0.700 2.239
2017-05-03 0.500 1.882
2017-04-05 0.500 2.137
2017-03-15 0.500 2.153
2016-05-03 0.400 2.495
2016-03-11 0.400 3.149
2015-05-11 0.770 5.357
2015-03-18 0.770 3.998
2014-05-13 0.590 3.811
2014-03-26 0.590 3.854
2014-03-06 0.590 3.793
2013-09-04 0.590 4.485
2013-05-15 0.590 5.845
2013-03-28 0.590 6.618
2013-03-11 0.590 6.219
2012-05-15 0.420 5.010
2012-04-30 0.420 4.428
2012-03-28 0.420 4.053
2012-03-08 0.420 3.730
2010-11-17 0.000 0.000
2010-08-31 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Jacquet Metal Service has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Jacquet Metal Service only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Jacquet Metal Service's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Jacquet Metal Service's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Jacquet Metal Service afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Jacquet Metal Service has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

JCQ Management

 What is the CEO of Jacquet Metal Service's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Éric Jacquet
COMPENSATION €1,210,000
AGE 60
TENURE AS CEO 9.4 years
CEO Bio

Mr. Éric Jacquet has been the Chairman and Chief Executive Officer of Jacquet Metal Service S.A. (Alternate name: Jacquet Industries SA and Jacquet Metals SA) since July 20, 2010 and also served as its Managing Director. Mr. Jacquet serves as Managing Director of Jacquet Benelux S.A. and Joint Manager of Geschäftsführer, Jacquet Deutschland Gmbh, Jacquet Steinau Gmbh. He serves as Manager of Jestion E.U.R.L., SCI Du Canal, Jeric S.A.R.L. and Jacquet Bâtiments S.A.R.L. He served as Sales Manager of Jacquet Metals group from 1980 to 1985 and Marketing and export growth manager from 1986 to 1993. Mr. Jacquet serves as Chairman of Jacpol SP. Z o. O., Jacquet (UK) Ltd., Jacquet Osiro AG, Jacquet Iberica S.A., Jacquet Sverige AB, FFF Holding S.A.S, Jacquet S.A.S., France Inox S.A.S., 3F S.A.S., Forme S.A.S., Jacquet Lizy S.A.S., Auvergne Technique De Pointe S.A. He serves as Chairman of the Board, board member, deputy board member, manager and co-manager of companies belonging to the Jacquet Metals group. He served as the Chairman of IMS International Metal Service SA. He served as Vice-chairman and Non Independent Member of the Supervisory Board at IMS International Metal Service SA. Mr. Jacquet has been a Director of Jacquet Metal Service S.A. (Alternate name: Jacquet Industries SA and Jacquet Metals SA) since July 20, 2010. He serves as Director of Jacquet International S.A., Jacquet Polska SP. Z O. O., Jacquet Finland OY, Jacquet Nova S.R.L. He is a member of the association of judges and former judges of the Lyon Commercial Court.

CEO Compensation
  • Éric's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Éric's remuneration is higher than average for companies of similar size in France.
Management Team Tenure

Average tenure of the Jacquet Metal Service management team in years:

11.9
Average Tenure
  • The average tenure for the Jacquet Metal Service management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Éric Jacquet

TITLE
Chairman & CEO
COMPENSATION
€1M
AGE
60
TENURE
9.4 yrs

Philippe Goczol

TITLE
Deputy Chief Executive Officer
COMPENSATION
€376K
AGE
53
TENURE
11.9 yrs

Thierry Philippe

TITLE
CFO & Investor Relations Officer
TENURE
13.9 yrs

Patrick Guien

TITLE
Chief Organization & Process Officer

David Farias

TITLE
Chief Executive Officer of JACQUET - Abraservice

Marc Steffen

TITLE
Chief Executive Officer of STAPPERT
Board of Directors Tenure

Average tenure and age of the Jacquet Metal Service board of directors in years:

7.5
Average Tenure
62
Average Age
  • The tenure for the Jacquet Metal Service board of directors is about average.
Board of Directors

Éric Jacquet

TITLE
Chairman & CEO
COMPENSATION
€1M
AGE
60
TENURE
9.4 yrs

Jean Jacquet

TITLE
Independent Vice Chairman
COMPENSATION
€20K
AGE
86

Henri-Jacques Nougein

TITLE
Independent Director
COMPENSATION
€18K
AGE
71
TENURE
9.5 yrs

Jacques Leconte

TITLE
Independent Director
COMPENSATION
€17K
AGE
74
TENURE
9.5 yrs

Xavier Gailly

TITLE
Independent Director
COMPENSATION
€9K
AGE
71
TENURE
9.5 yrs

Françoise Papapietro

TITLE
Independent Director
COMPENSATION
€15K
AGE
54
TENURE
7.5 yrs

Gwendoline Arnaud

TITLE
Independent Director
COMPENSATION
€15K
AGE
46
TENURE
5.5 yrs

Wolfgang Hartmann

TITLE
Non-Independent Director
COMPENSATION
€17K
AGE
64
TENURE
4.6 yrs

Alice Wengorz

TITLE
Independent Director
COMPENSATION
€12K
AGE
52
TENURE
3.5 yrs

Séverine Besson-Thura

TITLE
Independent Director
COMPENSATION
€12K
AGE
44
TENURE
3.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Jacquet Metal Service's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Jacquet Metal Service has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

JCQ News

Simply Wall St News

What Is Jacquet Metal Service SA's (EPA:JCQ) Share Price Doing?

Jacquet Metal Service SA (EPA:JCQ), which is in the trade distributors business, and is based in France, received a lot of attention from a substantial price movement on the ENXTPA over the last few months, increasing to €18 at one point, and dropping to the lows of €15.3. … View our latest analysis for Jacquet Metal Service Is Jacquet Metal Service still cheap? … However, given that Jacquet Metal Service’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future.

Simply Wall St -

Jacquet Metal Service SA (EPA:JCQ): Should The Recent Earnings Drop Worry You?

See our latest analysis for Jacquet Metal Service Was JCQ weak performance lately part of a long-term decline? … Furthermore, its return on assets (ROA) of 4.8% is below the FR Trade Distributors industry of 6.0%, indicating Jacquet Metal Service's are utilized less efficiently. … You should continue to research Jacquet Metal Service to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for JCQ’s future growth?

Simply Wall St -

What Jacquet Metal Service SA's (EPA:JCQ) ROE Can Tell Us

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Jacquet Metal Service: 14% = €51m ÷ €389m (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Does Jacquet Metal Service Have A Good Return On Equity? … Jacquet Metal Service's Debt And Its 14% ROE Although Jacquet Metal Service does use debt, its debt to equity ratio of 0.83 is still low.

Simply Wall St -

Is Jacquet Metal Service (EPA:JCQ) Using Too Much Debt?

ENXTPA:JCQ Historical Debt, July 15th 2019 A Look At Jacquet Metal Service's Liabilities We can see from the most recent balance sheet that Jacquet Metal Service had liabilities of €382.4m falling due within a year, and liabilities of €469.8m due beyond that. … Because it carries more debt than cash, we think it's worth watching Jacquet Metal Service's balance sheet over time. … But ultimately the future profitability of the business will decide if Jacquet Metal Service can strengthen its balance sheet over time.

Simply Wall St -

Is Jacquet Metal Service SA (EPA:JCQ) A Great Dividend Stock?

Could Jacquet Metal Service SA (EPA:JCQ) be an attractive dividend share to own for the long haul? … Looking at the data, we can see that Jacquet Metal Service has been paying a dividend for the past seven years. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see Jacquet Metal Service has grown its earnings per share at 68% per annum over the past five years. Earnings per share have rocketed in recent times, and we like that the company is retaining more than half of its earnings to reinvest. However, always remember that very few companies can grow at double digit rates forever. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.

Simply Wall St -

Introducing Jacquet Metal Service (EPA:JCQ), The Stock That Dropped 39% In The Last Year

Unfortunately the Jacquet Metal Service SA (EPA:JCQ) share price slid 39% over twelve months. … ENXTPA:JCQ Past and Future Earnings, June 18th 2019 It might be well worthwhile taking a look at our free report on Jacquet Metal Service's earnings, revenue and cash flow. … Investors should note that there's a difference between Jacquet Metal Service's total shareholder return (TSR) and its share price change, which we've covered above.

Simply Wall St -

How Much is Jacquet Metal Service SA's (EPA:JCQ) CEO Getting Paid?

Check out our latest analysis for Jacquet Metal Service How Does Éric Jacquet's Compensation Compare With Similar Sized Companies? … As you can see, Éric Jacquet is paid more than the median CEO pay at companies of a similar size, in the same market. … We examined the amount Jacquet Metal Service SA pays its CEO, and compared it to the amount paid by similar sized companies.

Simply Wall St -

Is Jacquet Metal Service SA (EPA:JCQ) Trading At A 34% Discount?

Today, we will estimate the stock's intrinsic value by taking the expected future cash flows and discounting them to their present value. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (€, Millions) €56.25 €45.70 €49.00 €51.50 €53.45 €54.99 €56.22 €57.22 €58.06 €58.78 Growth Rate Estimate Source Analyst x2 Analyst x2 Analyst x2 Est @ 5.1% Est @ 3.79% Est @ 2.87% Est @ 2.23% Est @ 1.78% Est @ 1.47% Est @ 1.25% Present Value (€, Millions) Discounted @ 9.96% €51.15 €37.79 €36.85 €35.22 €33.24 €31.10 €28.91 €26.76 €24.70 €22.74 Present Value of 10-year Cash Flow (PVCF)= €328.48m "Est" = FCF growth rate estimated by Simply Wall St We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 10-year government bond rate of 0.7%.

Simply Wall St -

Do Insiders Own Shares In Jacquet Metal Service SA (EPA:JCQ)?

Every investor in Jacquet Metal Service SA (EPA:JCQ) should be aware of the most powerful shareholder groups. … So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. … With a market capitalization of €401m, Jacquet Metal Service is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

Do You Know What Jacquet Metal Service SA's (EPA:JCQ) P/E Ratio Means?

To keep it practical, we'll show how Jacquet Metal Service SA's (EPA:JCQ) P/E ratio could help you assess the value on offer. … What is Jacquet Metal Service's P/E ratio? … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

JCQ Company Info

Description

Jacquet Metal Service SA engages in the distribution of specialty steels. It operates through three divisions: JACQUET – Abraservice, STAPPERT, and IMS group. The company distributes stainless-steel and nickel alloys quarto plates, which are used in water, environment, energy, mechanical and forged metal construction, chemical and agri-food, gas processing and storage, pharmaceutical, and cosmetic sectors. It also distributes long stainless-steel products in the form of bars, profiles, welded tubes, and fittings that are used in the agri-food, chemical, petrochemical, pipefitting, energy, transport, and decoration sectors. In addition, the company distributes wear-resistant steels for use in public works, mines and quarries, cement works, steel, and recycling sectors; and high-yield strength steels for construction, lifting, and handling sectors. Further, it distributes carbon, alloy, and stainless-steel engineering steels, and tool steels used in mechanical engineering, public works machinery, agricultural machinery, lifting machinery, car and HGV suppliers, and energy sectors. The company operates through a network of 110 distribution facilities located in 25 countries in Europe, Turkey, China, and North America. Jacquet Metal Service S.A. was incorporated in 1977 and is based in Saint-Priest, France.

Details
Name: Jacquet Metal Service SA
JCQ
Exchange: ENXTPA
Founded: 1977
€334,940,498
23,653,990
Website: http://www.jacquetmetalservice.com
Address: Jacquet Metal Service SA
7, rue Michel Jacquet,
CS 40087,
Saint-Priest,
Rhône-Alpes, 69802,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA JCQ Common Shares Euronext Paris FR EUR 21. Jul 2010
OTCPK JQTM.F Common Shares Pink Sheets LLC US USD 21. Jul 2010
DB I43 Common Shares Deutsche Boerse AG DE EUR 21. Jul 2010
LSE 0IN3 Common Shares London Stock Exchange GB EUR 21. Jul 2010
BATS-CHIXE JCQP Common Shares BATS 'Chi-X Europe' GB EUR 21. Jul 2010
Number of employees
Current staff
Staff numbers
3,060
Jacquet Metal Service employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/05 21:29
End of day share price update: 2019/12/05 00:00
Last estimates confirmation: 2019/11/15
Last earnings filing: 2019/09/18
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.