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Preferred stock is a special equity security that has properties of both equity and debt. Jamaica Stock Exchange's preferred stock for the quarter that ended in Dec. 2023 was JMD0 Mil.
The market value of preferred stock needs to be added to the market value of common stocks in the calculation of Enterprise Value. Jamaica Stock Exchange's Enterprise Value for the quarter that ended in Dec. 2023 was JMD6,722 Mil.
In the calculation of book value, the par value of preferred stocks needs to subtracted from total equity. Jamaica Stock Exchange's Book Value per Share for the quarter that ended in Dec. 2023 was JMD3.73.
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.
Jamaica Stock Exchange'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.
Jamaica Stock Exchange Preferred Stock Related Terms
Jamaica Stock Exchange Preferred Stock Historical Data
* Premium members only.
The historical data trend for Jamaica Stock Exchange'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.
Jamaica Stock Exchange (XJAM:JSE) has a Preferred Stock of JMD0 Mil as of Dec. 2023. Preferred Stock represents the par value of a company's preferred shares. View historical data on Jamaica Stock Exchange and its competitors.
Is Jamaica Stock Exchange's Preferred Stock too high?
Jamaica Stock Exchange's current Preferred Stock is JMD0 Mil. Overall, Jamaica Stock Exchange has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Jamaica Stock Exchange's Preferred Stock compare to SPGI and ICE?
Jamaica Stock Exchange's Preferred Stock of JMD0 Mil can be compared against companies in the Capital Markets 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 a Capital Markets company?
A good Preferred Stock depends on the Capital Markets 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 Jamaica Stock Exchange and its competitors. Jamaica Stock Exchange's current Preferred Stock is JMD0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jamaica Stock Exchange stock overvalued right now?
Jamaica Stock Exchange (XJAM:JSE) has a current Preferred Stock of JMD0 Mil. The current Preferred Stock is JMD0 Mil. Jamaica Stock Exchange's overall GF Score™ is 22/100. 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 Jamaica Stock Exchange (XJAM:JSE), the current Preferred Stock is JMD0 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.
Jamaica Stock Exchange Ltd operates and regulates a stock exchange and develops a stock market in Jamaica. Through its subsidiary, the company is also establishing and maintaining a Central Securities Depository in Jamaica to facilitate the transfer of ownership of securities. Its operating segments are Exchange operations; JCSD services; Investments; and Trustee, custodian, company management, and other activities. It derives a portion of the revenue from the Exchange operations involving the Stock exchange's operation and regulation. Another critical revenue source is from JCSD services provided in connection with transferring and holding securities, shares, stocks, bonds, debentures, and registrar services. The firm's operations are in Jamaica.
22GF Score
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