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Preferred stock is a special equity security that has properties of both equity and debt. Jupai Holdings's preferred stock for the quarter that ended in Dec. 2023 was $0.00 Mil.
The market value of preferred stock needs to be added to the market value of common stocks in the calculation of Enterprise Value. Jupai Holdings's Enterprise Value for the quarter that ended in Dec. 2023 was $-34.63 Mil.
In the calculation of book value, the par value of preferred stocks needs to subtracted from total equity. Jupai Holdings's Book Value per Share for the quarter that ended in Dec. 2023 was $3.64.
When a company needs capital but does not wish to issue debt, they may sell preferred stocks to investors.
For instance, during the financial crisis of 2008, Goldman Sachs (GS) issued a combination of preferred stock and common stock options for $5 billion of capital to Warren Buffetts Berkshire Hathaway (BRK.A)(BRK.B). In this deal, Berkshire Hathaway paid $5 billion for 10% cumulative perpetual preferred stock and warrants to buy 43.5 million shares of Goldman Sachs at $115 a share. Goldman Sachs bought back the preferred in 2010. Guess how much money Warren Buffett made in this deal in two years? Read How Much Did Warren Buffetts Berkshire Hathaway (BRK.B) Make on Its Goldman Sachs (GS) Preferred Stock?
1. The market value of Preferred Stocks needs to be added to the market value of common stocks in the calculation of enterprise value.
Jupai Holdings's Enterprise Value for the quarter that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Jupai Holdings Preferred Stock Related Terms
Jupai Holdings Preferred Stock Historical Data
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The historical data trend for Jupai Holdings's Preferred Stock can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Preferred Stock is a special equity security that has properties of both equity and debt. It is generally considered a hybrid instrument. Preferred stock is senior to common stock, but is subordinate to bonds in terms of claim or rights to their share of the assets of the company.
Preferred stock has priority over common stock in the payment of dividends and any payments received when a company liquidates.
Preferred stock comes in many forms. It can be:
Convertible or Non-Convertible
Cumulative or Non-Cumulative
Voting or Non-Voting
Callable or Non-Callable
Maturity Date or No Maturity Date
A preferred stock without a maturity date is called a perpetual preferred stock. These are relatively rare. A good example of perpetual preferred stock is the many series of Public Storage (PSA) preferred shares that trade on the New York Stock Exchange.
Before investing in preferred stock, it is important to know which of the above groups the stock belongs to. Is it convertible or non-convertible? Are dividends cumulative or non-cumulative?
It is also critical that an investor knows what bonds the company has in front of the preferred stock. Bondholders get paid first. So the decision to buy a preferred stock can be similar to the decision to buy a bond. But, remember, the preferred stock of a company with bonds is junior to those bonds.
Unless a preferred stock is convertible, the upside in a preferred stock investment is more limited than in a common stock investment. If a company doubles its earnings, it is usually under no more obligation to double the dividends paid to preferred shareholders than it is to double the interest paid to its bankers and bondholders.So preferred stock is very different from common stock.
Jupai Holdings (JPPYY) has a Preferred Stock of $0.00 Mil as of Dec. 2023. Preferred Stock represents the par value of a company's preferred shares. View historical data on Jupai Holdings and its competitors.
Is Jupai Holdings' Preferred Stock too high?
Jupai Holdings' current Preferred Stock is $0.00 Mil. Overall, Jupai Holdings has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Jupai Holdings' Preferred Stock compare to BLK and BX?
Jupai Holdings' Preferred Stock of $0.00 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Preferred Stock for an Asset Management company?
A good Preferred Stock depends on the Asset Management industry context. However, Preferred Stock should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Preferred Stock mean?
A high Preferred Stock can signal that a stock is expensive relative to its fundamentals. Preferred Stock represents the par value of a company's preferred shares. View historical data on Jupai Holdings and its competitors. Jupai Holdings's current Preferred Stock is $0.00 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jupai Holdings stock overvalued right now?
Jupai Holdings (JPPYY) has a current Preferred Stock of $0.00 Mil. The current Preferred Stock is $0.00 Mil. Jupai Holdings' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Preferred Stock calculated?
Preferred Stock is calculated from a company's financial statements. For Jupai Holdings (JPPYY), the current Preferred Stock is $0.00 Mil as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Jupai Holdings Ltd is a third-party wealth management service provider focusing on distributing wealth management products and providing product advisory services to high-net-worth individuals. It derives net revenues mainly from the provision of wealth management product-related services and asset management services. All of the group's revenues are derived from China.
12GF Score
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Preferred Stock is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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