GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » JPMorgan Global Emerging Markets IT PLC (LSE:JEMI) » Definitions » Preferred Stock

JPMorgan Global Emerging Markets IT (LSE:JEMI) Preferred Stock : £0.00 Mil (As of Jan. 2025)


View and export this data going back to 2010. Start your Free Trial

What is JPMorgan Global Emerging Markets IT Preferred Stock?

Preferred stock is a special equity security that has properties of both equity and debt. JPMorgan Global Emerging Markets IT's preferred stock for the quarter that ended in Jan. 2025 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. JPMorgan Global Emerging Markets IT's Enterprise Value for the quarter that ended in Jan. 2025 was £382.29 Mil.

In the calculation of book value, the par value of preferred stocks needs to subtracted from total equity. JPMorgan Global Emerging Markets IT's Book Value per Share for the quarter that ended in Jan. 2025 was £1.57.

Dividends paid to preferred stocks need to be subtracted from net income in the calculation of Earnings per Share (Diluted). JPMorgan Global Emerging Markets IT's Earnings per Share (Diluted) for the six months ended in Jan. 2025 was £0.08.


JPMorgan Global Emerging Markets IT Preferred Stock Historical Data

The historical data trend for JPMorgan Global Emerging Markets IT'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.

* Premium members only.

JPMorgan Global Emerging Markets IT Preferred Stock Chart

JPMorgan Global Emerging Markets IT Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Preferred Stock
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

JPMorgan Global Emerging Markets IT Semi-Annual Data
Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25
Preferred Stock Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

JPMorgan Global Emerging Markets IT Preferred Stock Calculation

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.


JPMorgan Global Emerging Markets IT  (LSE:JEMI) Preferred Stock Explanation

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 Buffett’s 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 Buffett’s 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.

JPMorgan Global Emerging Markets IT's Enterprise Value for the quarter that ended in Jan. 2025 is calculated as

2. In the calculation of Book Value, the par value of Preferred Stocks needs to subtracted from total equity.

JPMorgan Global Emerging Markets IT's Book Value per Share for the quarter that ended in Jan. 2025 is calculated as

3. Dividends paid to Preferred Stocks need to be subtracted from net income in the calculation of earnings per share.

JPMorgan Global Emerging Markets IT's Earnings per Share (Diluted) (EPS) for the six months ended in Jan. 2025 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.


JPMorgan Global Emerging Markets IT Preferred Stock Related Terms

Thank you for viewing the detailed overview of JPMorgan Global Emerging Markets IT's Preferred Stock provided by GuruFocus.com. Please click on the following links to see related term pages.


JPMorgan Global Emerging Markets IT Business Description

Traded in Other Exchanges
N/A
Address
60 Victoria Embankment, London, GBR, EC4Y 0JP
JPMorgan Global Emerging Markets IT PLC is an investment trust based in the United Kingdom. It delegates the management of the Trust's portfolio to JPMorgan Asset Management (UK) Limited. Its investment objective is to provide investors with a dividend income combined with the potential for long term capital growth from a diversified portfolio of emerging markets investments. The company invests in listed and unlisted equities, preference shares, debt securities, cash and cash equivalents. Its portfolio comprises companies within various sectors such as financials, information technology, telecommunication services, consumer staples, consumer discretionary, industrials, materials, energy, utilities and healthcare.

JPMorgan Global Emerging Markets IT Headlines

No Headlines