Upcoming Dividend • Jun 25
Upcoming dividend of €0.20 per share Eligible shareholders must have bought the stock before 30 June 2026. Payment date: 02 July 2026. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.4%). Declared Dividend • Jun 01
Dividend of €0.20 announced Dividend of €0.20 is the same as last year. Ex-date: 30th June 2026 Payment date: 2nd July 2026 Dividend yield will be 0.9%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (5% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 134% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 29
Jacquet Metals SA announces Annual dividend, payable on July 02, 2026 Jacquet Metals SA announced Annual dividend of EUR 0.2000 per share payable on July 02, 2026, ex-date on June 30, 2026 and record date on July 01, 2026. Announcement • May 21
Jacquet Metals SA, Annual General Meeting, Jun 26, 2026 Jacquet Metals SA, Annual General Meeting, Jun 26, 2026. Location: 44 quai charles de gaulle, lyon France Board Change • Dec 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 6 highly experienced directors. Independent Director Dominique Takizawa was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • May 22
Jacquet Metals SA, Annual General Meeting, Jun 27, 2025 Jacquet Metals SA, Annual General Meeting, Jun 27, 2025. Location: 44 quai charles de gaulle, lyon France Announcement • May 16
Jacquet Metals SA announces Annual dividend, payable on July 03, 2025 Jacquet Metals SA announced Annual dividend of EUR 0.2000 per share payable on July 03, 2025, ex-date on July 01, 2025 and record date on July 02, 2025. Board Change • Dec 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. Independent Director Dominique Takizawa was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: €0.026 (vs €0.002 in 3Q 2023) Third quarter 2024 results: EPS: €0.026 (up from €0.002 in 3Q 2023). Revenue: €468.8m (down 5.1% from 3Q 2023). Net income: €509.0k (up €461.0k from 3Q 2023). Profit margin: 0.1% (up from 0% in 3Q 2023). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. New Risk • Sep 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 41% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Reported Earnings • Sep 13
Second quarter 2024 earnings released: EPS: €0.039 (vs €0.24 in 2Q 2023) Second quarter 2024 results: EPS: €0.039 (down from €0.24 in 2Q 2023). Revenue: €515.5m (down 11% from 2Q 2023). Net income: €847.0k (down 84% from 2Q 2023). Profit margin: 0.2% (down from 0.9% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Declared Dividend • Jun 24
Dividend of €0.20 announced Shareholders will receive a dividend of €0.20. Ex-date: 3rd July 2024 Payment date: 5th July 2024 Dividend yield will be 1.3%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (9% earnings payout ratio) and cash flows (3% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 356% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jun 07
Now 22% overvalued Over the last 90 days, the stock has fallen 2.1% to €17.76. The fair value is estimated to be €14.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 8.6%. Revenue is forecast to grow by 2.0% in 2 years. Earnings are forecast to grow by 328% in the next 2 years. Announcement • May 25
Jacquet Metals SA, Annual General Meeting, Jun 28, 2024 Jacquet Metals SA, Annual General Meeting, Jun 28, 2024. Location: 44 quai charles de gaulle, lyon France Reported Earnings • May 17
First quarter 2024 earnings released: EPS: €0.12 (vs €1.90 in 1Q 2023) First quarter 2024 results: EPS: €0.12 (down from €1.90 in 1Q 2023). Revenue: €558.3m (down 19% from 1Q 2023). Net income: €2.74m (down 94% from 1Q 2023). Profit margin: 0.5% (down from 6.3% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 21
Full year 2023 earnings released: EPS: €2.26 (vs €7.83 in FY 2022) Full year 2023 results: EPS: €2.26 (down from €7.83 in FY 2022). Revenue: €2.23b (down 17% from FY 2022). Net income: €50.7m (down 72% from FY 2022). Profit margin: 2.3% (down from 6.7% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 2 years compared to a 3.1% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. New Risk • Mar 17
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 10% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 10% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.9% net profit margin). Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: €0.002 (vs €1.50 in 3Q 2022) Third quarter 2023 results: EPS: €0.002 (down from €1.50 in 3Q 2022). Revenue: €494.1m (down 23% from 3Q 2022). Net income: €48.0k (down 100% from 3Q 2022). Profit margin: 0% (down from 5.4% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 6.5% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Nov 01
Jacquet Metals SA (ENXTPA : JCQ) acquired Special Steel Distribution Activities in Czech Republic, Poland, Slovakia, Hungary, Lithuania, Eston from Swiss Steel Holding AG (SWX : STLN). Jacquet Metals SA (ENXTPA : JCQ) acquired Special Steel Distribution Activities in Czech Republic, Poland, Slovakia, Hungary, Lithuania, Eston from Swiss Steel Holding AG (SWX : STLN) on October 31, 2023. The Special Steel Distribution Activities have generated total net revenues of €158 million and an EBITDA of €12 million in 2022 with 267 employees. The transaction has been approved by the European Commission.Jacquet Metals SA (ENXTPA : JCQ) completed the acquisition of Special Steel Distribution Activities in Czech Republic, Poland, Slovakia, Hungary, Lithuania, Eston from Swiss Steel Holding AG (SWX : STLN) on October 31, 2023. Reported Earnings • Sep 15
Second quarter 2023 earnings released: EPS: €0.24 (vs €2.72 in 2Q 2022) Second quarter 2023 results: EPS: €0.24 (down from €2.72 in 2Q 2022). Revenue: €578.7m (down 24% from 2Q 2022). Net income: €5.42m (down 91% from 2Q 2022). Profit margin: 0.9% (down from 8.3% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 6.8% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Board Change • Jul 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 5 highly experienced directors. Independent Director Dominique Takizawa was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jun 28
Upcoming dividend of €1.00 per share at 5.3% yield Eligible shareholders must have bought the stock before 05 July 2023. Payment date: 07 July 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 5.3%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.9%). Reported Earnings • May 12
First quarter 2023 earnings released: EPS: €1.92 (vs €2.75 in 1Q 2022) First quarter 2023 results: EPS: €1.92 (down from €2.75 in 1Q 2022). Revenue: €692.0m (down 4.4% from 1Q 2022). Net income: €44.0m (down 30% from 1Q 2022). Profit margin: 6.4% (down from 8.7% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 3.6% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in Europe are expected to grow by 4.3%. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 17
Full year 2022 earnings released Full year 2022 results: Revenue: €2.68b (up 36% from FY 2021). Net income: €180.0m (up 49% from FY 2021). Profit margin: 6.7% (up from 6.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 6.9% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in Europe are expected to grow by 4.2%. Announcement • Feb 17
Jacquet Metals SA (ENXTPA:JCQ) signed an agreement to acquire Several distribution companies of Swiss Steel Group from Swiss Steel Holding AG (SWX:STLN). Jacquet Metals SA (ENXTPA:JCQ) signed an agreement to acquire Several distribution companies of Swiss Steel Group from Swiss Steel Holding AG (SWX:STLN) on February 16, 2023. The completion of the transaction is subject to the usual conditions precedent including the approval of the transaction by the competent competition authorities. Completion of the operation is expected in the second quarter of 2023. Jacquet Metals SA will finance the entire operation using its available cash. The parties have agreed to keep the acquisition price confidential . The total Revenue is €158 million and EBITA €12 million. Buying Opportunity • Sep 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 30%. The fair value is estimated to be €18.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 94%. Revenue is forecast to decline by 16% in 2 years. Earnings is forecast to decline by 65% in the next 2 years. Upcoming Dividend • Jun 23
Upcoming dividend of €1.00 per share Eligible shareholders must have bought the stock before 30 June 2022. Payment date: 04 July 2022. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 5.6%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.9%). Reported Earnings • Apr 30
Full year 2021 earnings released: EPS: €5.25 (vs €0.49 in FY 2020) Full year 2021 results: EPS: €5.25 (up from €0.49 in FY 2020). Revenue: €1.97b (up 44% from FY 2020). Net income: €120.8m (up €109.6m from FY 2020). Profit margin: 6.1% (up from 0.8% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 13%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 11
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: €5.26 (up from €0.49 in FY 2020). Revenue: €1.97b (up 44% from FY 2020). Net income: €120.8m (up €109.6m from FY 2020). Profit margin: 6.1% (up from 0.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.4%. Over the next year, revenue is forecast to grow 6.2%, compared to a 9.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 22
Third quarter 2021 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2021 results: EPS: €1.70. Revenue: €506.3m (up 62% from 3Q 2020). Net income: €39.1m (up €43.1m from 3Q 2020). Profit margin: 7.7% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 31%. Over the next year, revenue is forecast to grow 9.9%, compared to a 7.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year and the company’s share price has also increased by 15% per year. Reported Earnings • Sep 11
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €491.7m (up 57% from 2Q 2020). Net income: €27.4m (up €42.8m from 2Q 2020). Profit margin: 5.6% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improved over the past week After last week's 16% share price gain to €22.40, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 21x in the Trade Distributors industry in Europe. Total returns to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €20.87 per share. Upcoming Dividend • Jun 22
Upcoming dividend of €0.40 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 01 July 2021. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (1.3%). Announcement • May 06
Jacquet Metals SA Proposes Dividend The Board of Directors of Jacquet Metals SA will propose a dividend of €0.40 per share to the General Meeting of shareholders on June 25, 2021. Reported Earnings • Apr 24
Full year 2020 earnings released: EPS €0.49 (vs €0.53 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: €1.36b (down 16% from FY 2019). Net income: €11.2m (down 11% from FY 2019). Profit margin: 0.8% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 11
Full year 2020 earnings released The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: €1.37b (down 16% from FY 2019). Net income: €11.0m (down 12% from FY 2019). Profit margin: 0.8% (in line with FY 2019). Analyst Estimate Surprise Post Earnings • Mar 11
Revenue beats expectations Revenue exceeded analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 9.8%, compared to a 4.8% growth forecast for the Trade Distributors industry in Germany. Is New 90 Day High Low • Feb 26
New 90-day high: €17.10 The company is up 42% from its price of €12.02 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.11 per share. Is New 90 Day High Low • Feb 04
New 90-day high: €15.12 The company is up 53% from its price of €9.88 on 06 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.04 per share. Is New 90 Day High Low • Jan 08
New 90-day high: €14.96 The company is up 54% from its price of €9.72 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.10 per share. Is New 90 Day High Low • Dec 11
New 90-day high: €13.30 The company is up 38% from its price of €9.62 on 11 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.29 per share. Is New 90 Day High Low • Nov 11
New 90-day high: €12.26 The company is up 12% from its price of €10.94 on 12 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.73 per share. Announcement • Sep 21
Jacquet Metal Service SA(ENXTPA:JCQ) dropped from S&P Global BMI Index Jacquet Metal Service SA(ENXTPA:JCQ) dropped from S&P Global BMI Index Announcement • Sep 10
Jacquet Metal Service SA to Report Q3, 2020 Results on Nov 18, 2020 Jacquet Metal Service SA announced that they will report Q3, 2020 results at 5:00 PM, Romance Standard Time on Nov 18, 2020 
