Jacquet Metals S.A. (JCQ.PA) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+23.8%

€26.43

vs €21.35 price

Levered DCF

€26.54

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

2.47

Grey zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	41.46×	62.81×	8.32×	2.14×	4.03×	28.37×	23.36×	5.95×
P/B	0.81×	0.57×	0.64×	0.59×	1.03×	0.89×	1×	1.01×
P/S	0.28×	0.19×	0.19×	0.14×	0.25×	0.23×	0.23×	0.2×
EV / EBITDA	7.62×	6.71×	5.06×	2.34×	3.65×	7.61×	8.63×	5.33×
Gross margin	21.9%	22.4%	21.5%	25.4%	26.7%	24.0%	23.2%	24.7%
Operating margin	2.9%	2.4%	4.6%	9.7%	8.3%	2.1%	2.5%	5.3%
Net margin	0.6%	0.3%	2.3%	6.7%	6.1%	0.8%	1.0%	3.3%
Current ratio	2.17×	2.39×	2.39×	2.21×	2.03×	2.37×	2.03×	1.8×
Debt / equity	0.62×	0.93×	0.98×	0.87×	1.02×	1.43×	1.28×	0.93×
Interest coverage	2.16×	1.35×	5.47×	16.39×	13.06×	2.07×	2.05×	5.27×
Dividend yield	0.8%	1.1%	5.4%	6.0%	1.9%	1.4%	4.5%	4.5%
Payout ratio	39.2%	66.4%	44.7%	12.8%	7.6%	41.2%	106.4%	26.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	1.6%	0.9%	7.7%	27.7%	25.5%	3.1%	4.3%	17.0%
Return on invested capital	1.9%	1.2%	4.9%	15.6%	13.1%	2.3%	2.3%	9.3%
Return on assets	0.7%	0.4%	2.9%	10.4%	8.3%	0.9%	1.3%	5.5%
Free cash flow yield	12.0%	30.9%	37.4%	3.4%	-4.9%	35.4%	9.2%	0.1%
Earnings yield	2.0%	1.6%	12.0%	46.8%	24.8%	3.5%	4.3%	16.8%
Enterprise value	€728.5M	€635.3M	€723.3M	€696.8M	€725.6M	€498.9M	€625.5M	€585.5M
Net debt / EBITDA	2.24×	2.72×	2.1×	1.05×	1.2×	2.74×	3.6×	1.99×
Cash conversion cycle (days)	126	125	128	126	117	108	78	107