ENXTPA:JCQ

Stock Analysis Report

Jacquet Metal Service

Executive Summary

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

Snowflake

Fundamentals

Good value with adequate balance sheet.


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

0.9%

JCQ

7.3%

FR Trade Distributors

2.1%

FR Market


1 Year Return

-13.6%

JCQ

-7.6%

FR Trade Distributors

10.2%

FR Market

Return vs Industry: JCQ underperformed the French Trade Distributors industry which returned -7.6% over the past year.

Return vs Market: JCQ underperformed the French Market which returned 10.2% over the past year.


Shareholder returns

JCQIndustryMarket
7 Day0.9%7.3%2.1%
30 Day-9.2%-5.4%-0.7%
90 Day-5.3%-4.4%-0.7%
1 Year-10.1%-13.6%-4.0%-7.6%14.1%10.2%
3 Year5.3%-3.5%-2.4%-11.7%44.6%30.6%
5 Year40.9%19.6%2.7%-14.3%76.5%50.1%

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

Valuation

Is Jacquet Metal Service undervalued compared to its fair value and its price relative to the market?

1.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: JCQ (€15.44) is trading below our estimate of fair value (€15.6)

Significantly Undervalued: JCQ is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: JCQ is good value based on its PE Ratio (9.5x) compared to the Trade Distributors industry average (13.9x).

PE vs Market: JCQ is good value based on its PE Ratio (9.5x) compared to the French market (17.2x).


Price to Earnings Growth Ratio

Low PEG Ratio: JCQ is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: JCQ is overvalued based on its PB Ratio (1x) compared to the FR Trade Distributors industry average (0.9x).


Next Steps

Future Growth

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

13.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JCQ's forecast earnings growth (13.9% per year) is above the savings rate (0.7%).

Earnings vs Market: JCQ's earnings (13.9% per year) are forecast to grow faster than the French market (11.5% per year).

High Growth Earnings: JCQ's earnings are forecast to grow, but not significantly.

Revenue vs Market: JCQ's revenue (2.3% per year) is forecast to grow slower than the French market (4.4% per year).

High Growth Revenue: JCQ's revenue (2.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: JCQ's Return on Equity is forecast to be low in 3 years time (11.5%).


Next Steps

Past Performance

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

16.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: JCQ's earnings have grown by 16.4% per year over the past 5 years.

Accelerating Growth: JCQ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: JCQ had negative earnings growth (-33%) over the past year, making it difficult to compare to the Trade Distributors industry average (7.9%).


Return on Equity

High ROE: JCQ's Return on Equity (11.2%) is considered low.


Return on Assets

ROA vs Industry: JCQ's Return on Assets is below or equal to the Trade Distributors industry average last year.


Return on Capital Employed

ROCE Improving: JCQ has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Jacquet Metal Service's financial position?


Financial Position Analysis

Short Term Liabilities: JCQ's short term assets (€897.7M) exceeds its short term liabilities (€499.6M)

Long Term Liabilities: JCQ's short term assets (897.7M) exceeds its long term liabilities (370.1M)


Debt to Equity History and Analysis

Debt Level: JCQ's debt to equity ratio (87.8%) is considered high

Reducing Debt: JCQ's debt to equity ratio has increased from 63.3% to 87.8% over the past 5 years.

Debt Coverage: JCQ's debt is well covered by operating cash flow (26.6%).

Interest Coverage: JCQ's interest payments on its debt are well covered by EBIT (7.5x coverage).


Balance Sheet

Inventory Level: JCQ has a high level of physical assets or inventory.

Debt Coverage by Assets: JCQ's debt is covered by short term assets (assets are 2.719740x debt).


Next Steps

Dividend

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

4.53%

Current Dividend Yield


Dividend Yield vs Market

company4.5%marketbottom25%1.6%markettop25%4.7%industryaverage2.6%forecastin3Years4.6%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: JCQ's dividend (4.53%) is higher than the bottom 25% of dividend payers in the French market (1.57%).

High Dividend: JCQ's dividend (4.53%) is low compared to the top 25% of dividend payers in the French market (4.67%).

Stable Dividend: JCQ has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: JCQ's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (43%), JCQ's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: JCQ's dividends in 3 years are forecast to be well covered by earnings (35% payout ratio).


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?

11.8yrs

Average management tenure


CEO

Éric Jacquet (60yo)

9.3yrs

Tenure

€1,210,000

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

Compensation vs. Market: Éric's total compensation ($USD1.33M) is about average for companies of similar size in the French market ($USD462.95K).

Compensation vs Earnings: Éric's compensation has been consistent with company performance over the past year.


Management Age and Tenure

11.8yrs

Average Tenure

Experienced Management: JCQ's management team is seasoned and experienced (11.8 years average tenure).


Board Age and Tenure

7.3yrs

Average Tenure

62yo

Average Age

Experienced Board: JCQ's board of directors are considered experienced (7.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Patrick Guien

    Chief Organization & Process Officer

    • Tenure: 0yrs
  • Philippe Goczol (53yo)

    Deputy Chief Executive Officer

    • Tenure: 11.8yrs
    • Compensation: €376.00k
  • Éric Jacquet (60yo)

    Chairman & CEO

    • Tenure: 9.3yrs
    • Compensation: €1.21m
  • Thierry Philippe

    CFO & Investor Relations Officer

    • Tenure: 13.8yrs
  • David Farias

    Chief Executive Officer of JACQUET - Abraservice

    • Tenure: 0yrs
  • Marc Steffen

    Chief Executive Officer of STAPPERT

    • Tenure: 0yrs

Board Members

  • Wolfgang Hartmann (64yo)

    Non-Independent Director

    • Tenure: 4.4yrs
    • Compensation: €16.50k
  • Éric Jacquet (60yo)

    Chairman & CEO

    • Tenure: 9.3yrs
    • Compensation: €1.21m
  • Jean Jacquet (86yo)

    Independent Vice Chairman

    • Tenure: 0yrs
    • Compensation: €20.30k
  • Jacques Leconte (74yo)

    Independent Director

    • Tenure: 9.3yrs
    • Compensation: €16.50k
  • Henri-Jacques Nougein (71yo)

    Independent Director

    • Tenure: 9.3yrs
    • Compensation: €17.50k
  • Xavier Gailly (71yo)

    Independent Director

    • Tenure: 9.3yrs
    • Compensation: €9.00k
  • Françoise Papapietro (54yo)

    Independent Director

    • Tenure: 7.3yrs
    • Compensation: €15.00k
  • Gwendoline Arnaud (46yo)

    Independent Director

    • Tenure: 5.3yrs
    • Compensation: €15.00k
  • Alice Wengorz (52yo)

    Independent Director

    • Tenure: 3.3yrs
    • Compensation: €12.00k
  • Séverine Besson-Thura (44yo)

    Independent Director

    • Tenure: 3.3yrs
    • 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: JCQ
  • Exchange: ENXTPA
  • Founded: 1977
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: €365.218m
  • 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 Analysis2019/10/14 21:16
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
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.