DB:I43

Stock Analysis Report

Jacquet Metal Service

Executive Summary

Jacquet Metal Service SA engages in the distribution of specialty steels.

Snowflake

Fundamentals

Undervalued average dividend payer.


Similar Companies

Share Price & News

How has Jacquet Metal Service's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.3%

DB:I43

4.4%

DE Trade Distributors

3.2%

DE Market


1 Year Return

-34.1%

DB:I43

-19.9%

DE Trade Distributors

-9.7%

DE Market

I43 underperformed the Trade Distributors industry which returned -20.3% over the past year.

I43 underperformed the Market in Germany which returned -9.6% over the past year.


Share holder returns

I43IndustryMarket
7 Day1.3%4.4%3.2%
30 Day-1.7%-6.9%-4.4%
90 Day-0.5%-3.1%-2.0%
1 Year-31.5%-34.1%-17.5%-19.9%-6.9%-9.7%
3 Year16.5%6.7%-8.5%-15.2%11.8%2.2%
5 Year20.5%2.0%9.5%-2.3%26.9%9.5%

Price Volatility Vs. Market

How volatile is Jacquet Metal Service's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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

35%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Jacquet Metal Service's share price is below the future cash flow value, and at a moderate discount (> 20%).

Jacquet Metal Service's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Jacquet Metal Service is good value based on earnings compared to the DE Trade Distributors industry average.

Jacquet Metal Service is good value based on earnings compared to the Germany market.


Price Based on Expected Growth

Jacquet Metal Service is good value based on expected growth next year.


Price Based on Value of Assets

Jacquet Metal Service is good value based on assets compared to the DE Trade Distributors industry average.


Next Steps

Future Growth

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

8.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Jacquet Metal Service's revenue is expected to grow by 2.1% yearly, however this is not considered high growth (20% yearly).

Jacquet Metal Service's earnings are expected to grow by 8.3% yearly, however this is not considered high growth (20% yearly).

Jacquet Metal Service's revenue growth is positive but not above the Germany market average.

Jacquet Metal Service's earnings growth is positive but not above the Germany market average.

Jacquet Metal Service's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Jacquet Metal Service is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

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

21.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Jacquet Metal Service has delivered over 20% year on year earnings growth in 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 DE Trade Distributors industry average.


Return on Equity

Jacquet Metal Service has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Jacquet Metal Service used its assets more efficiently than the DE Trade Distributors industry average last year based on Return on Assets.


Return on Capital Employed

Jacquet Metal Service has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Jacquet Metal Service's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

Jacquet Metal Service's level of debt (82.5%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (53.3% vs 82.5% today).

Debt is not well covered by operating cash flow (15.9%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 9.5x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2.6x debt.


Next Steps

Dividend

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

4.75%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Jacquet Metal Service's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.51%).

Jacquet Metal Service's dividend is above the markets top 25% of dividend payers in Germany (4.17%).

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 7 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.1x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.8x coverage).


Next Steps

Management

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

11.6yrs

Average management tenure


CEO

Éric Jacquet (60yo)

9.1yrs

Tenure

€3,606,000

Compensation

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 Man ...


CEO Compensation Analysis

Éric's remuneration is higher than average for companies of similar size in Germany.

Éric's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.


Management Age and Tenure

11.6yrs

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.


Board Age and Tenure

7.2yrs

Average Tenure

62yo

Average Age

The tenure for the Jacquet Metal Service board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Patrick Guien

    Chief Organization & Process Officer

    • Tenure: 0.0yrs
  • Philippe Goczol (53yo)

    Deputy Chief Executive Officer

    • Tenure: 11.6yrs
    • Compensation: €376.00k
  • Éric Jacquet (60yo)

    Chairman & CEO

    • Tenure: 9.1yrs
    • Compensation: €3.61m
  • Thierry Philippe

    CFO & Investor Relations Officer

    • Tenure: 13.6yrs
  • David Farias

    Chief Executive Officer of JACQUET - Abraservice

    • Tenure: 0.0yrs
  • Marc Steffen

    Chief Executive Officer of STAPPERT

    • Tenure: 0.0yrs

Board Members

  • Wolfgang Hartmann (64yo)

    Non-Independent Director

    • Tenure: 4.3yrs
    • Compensation: €16.50k
  • Éric Jacquet (60yo)

    Chairman & CEO

    • Tenure: 9.1yrs
    • Compensation: €3.61m
  • Jean Jacquet (86yo)

    Vice Chairman

    • Tenure: 0.0yrs
    • Compensation: €20.30k
  • Jacques Leconte (74yo)

    Independent Director

    • Tenure: 9.2yrs
    • Compensation: €16.50k
  • Henri-Jacques Nougein (71yo)

    Independent Director

    • Tenure: 9.2yrs
    • Compensation: €17.50k
  • Xavier Gailly (71yo)

    Independent Director

    • Tenure: 9.2yrs
    • Compensation: €9.00k
  • Françoise Papapietro (54yo)

    Independent Director

    • Tenure: 7.2yrs
    • Compensation: €15.00k
  • Gwendoline Arnaud (46yo)

    Independent Director

    • Tenure: 5.2yrs
    • Compensation: €15.00k
  • Alice Wengorz (52yo)

    Independent Director

    • Tenure: 3.2yrs
    • Compensation: €12.00k
  • Séverine Besson-Thura (44yo)

    Independent Director

    • Tenure: 3.2yrs
    • Compensation: €12.00k

Company Information

Jacquet Metal Service SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Jacquet Metal Service SA
  • Ticker: I43
  • Exchange: DB
  • Founded: 1977
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: €392.656m
  • Shares outstanding: 23.65m
  • Website: https://www.jacquetmetalservice.com

Number of Employees


Location

  • Jacquet Metal Service SA
  • 7, rue Michel Jacquet
  • CS 40087
  • Saint-Priest
  • Rhône-Alpes
  • 69802
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JCQENXTPA (Euronext Paris)YesCommon SharesFREURJul 2010
I43DB (Deutsche Boerse AG)YesCommon SharesDEEURJul 2010
0IN3LSE (London Stock Exchange)YesCommon SharesGBEURJul 2010
JCQPBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURJul 2010

Biography

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 ni ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/22 21:24
End of Day Share Price2019/08/22 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


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.