New Risk • May 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 7.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Reported Earnings • May 13
First quarter 2026 earnings released: EPS: €0.29 (vs €0.16 in 1Q 2025) First quarter 2026 results: EPS: €0.29 (up from €0.16 in 1Q 2025). Revenue: €241.2m (down 1.0% from 1Q 2025). Net income: €16.7m (up 81% from 1Q 2025). Profit margin: 6.9% (up from 3.8% in 1Q 2025). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Electronic industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €39.90, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 17x in the Electronic industry in Europe. Total returns to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €41.31 per share. 공시 • Apr 29
Jenoptik AG, Annual General Meeting, Jun 09, 2026 Jenoptik AG, Annual General Meeting, Jun 09, 2026, at 10:00 W. Europe Standard Time. Buy Or Sell Opportunity • Apr 23
Now 22% undervalued Over the last 90 days, the stock has risen 49% to €33.66. The fair value is estimated to be €43.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.9%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Declared Dividend • Mar 27
Dividend increased to €0.40 Dividend of €0.40 is 5.3% higher than last year. Ex-date: 10th June 2026 Payment date: 12th June 2026 Dividend yield will be 1.4%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 6.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 65% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 26
Full year 2025 earnings released: EPS: €1.21 (vs €1.59 in FY 2024) Full year 2025 results: EPS: €1.21 (down from €1.59 in FY 2024). Revenue: €1.05b (down 6.3% from FY 2024). Net income: €68.9m (down 24% from FY 2024). Profit margin: 6.6% (down from 8.2% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Electronic industry in Italy. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. 공시 • Mar 26
Jenoptik AG announces Annual dividend, payable on June 12, 2026 Jenoptik AG announced Annual dividend of EUR 0.4000 per share payable on June 12, 2026, ex-date on June 10, 2026 and record date on June 11, 2026. Buy Or Sell Opportunity • Mar 03
Now 21% undervalued Over the last 90 days, the stock has risen 41% to €26.52. The fair value is estimated to be €33.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Earnings per share has grown by 5.0%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Buy Or Sell Opportunity • Feb 16
Now 20% undervalued Over the last 90 days, the stock has risen 42% to €27.12. The fair value is estimated to be €33.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Earnings per share has grown by 5.0%. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €26.44, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Electronic industry in Italy. Total loss to shareholders of 8.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €37.98 per share. Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: €0.37 (vs €0.46 in 3Q 2024) Third quarter 2025 results: EPS: €0.37 (down from €0.46 in 3Q 2024). Revenue: €254.8m (down 7.1% from 3Q 2024). Net income: €21.3m (down 18% from 3Q 2024). Profit margin: 8.4% (down from 9.5% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Electronic industry in Italy. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: €0.26 (vs €0.42 in 2Q 2024) Second quarter 2025 results: EPS: €0.26 (down from €0.42 in 2Q 2024). Revenue: €254.8m (down 11% from 2Q 2024). Net income: €16.0m (down 34% from 2Q 2024). Profit margin: 6.3% (down from 8.5% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Electronic industry in Italy. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 09
Upcoming dividend of €0.38 per share Eligible shareholders must have bought the stock before 13 June 2025. Payment date: 17 June 2025. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Italian dividend payers (5.4%). Higher than average of industry peers (1.7%). Upcoming Dividend • Jun 06
Upcoming dividend of €0.38 per share Eligible shareholders must have bought the stock before 13 June 2025. Payment date: 17 June 2025. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Italian dividend payers (5.4%). Higher than average of industry peers (1.7%). 공시 • Apr 30
Jenoptik AG, Annual General Meeting, Jun 12, 2025 Jenoptik AG, Annual General Meeting, Jun 12, 2025, at 11:00 W. Europe Standard Time.