SAINT-PRIEST, France - Jacquet Metals SA (Paris:JCQ), a distributor of specialty steel products, has publicly disclosed its total number of shares and voting rights as of February 29, 2024. The company announced that the total number of shares amounted to 22,497,209, with the number of theoretical voting rights reaching 32,264,404.
The count of exercisable voting rights is slightly lower, at 31,878,802, due to the 385,602 treasury shares that the company holds. These shares do not carry voting rights in accordance with Articles L.225-111 and L.225-210 of the French Commercial Code.
This announcement is a routine regulatory disclosure, providing transparency about the company's capital structure to shareholders and potential investors. The information is based on a press release statement from Jacquet Metals SA.
InvestingPro Insights
Jacquet Metals SA (Paris:JCQ), while maintaining a routine in its regulatory disclosures, presents a financial landscape that is worth delving into with the help of InvestingPro data and insights. With a market capitalization of $443.62 million and an attractive price-to-earnings (P/E) ratio of 8.06, the company showcases a valuation that implies a strong free cash flow yield.
This can be particularly appealing to value-oriented investors seeking companies with sound financial health and potential for cash generation.
The adjusted P/E ratio for the last twelve months as of Q4 2023 stands at 7.97, reinforcing the company's position as trading at a low earnings multiple. This, combined with a significant dividend yield of 5.56% as of July 2023, underscores Jacquet Metals SA's commitment to returning value to its shareholders.
Notably, the company has maintained dividend payments for 12 consecutive years, a testament to its financial stability and shareholder-friendly approach.
For investors interested in a deeper analysis, InvestingPro provides additional insights, including a forecast that the company will remain profitable this year. With a total of 9 InvestingPro Tips available, investors can gain a comprehensive understanding of Jacquet Metals SA's financial performance and potential investment opportunities. To explore these insights further, readers can take advantage of a special offer using coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.
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