ams-OSRAM AG

SWX:AMS Stock Report

Market Cap: CHF 587.0m

ams-OSRAM Valuation

Is AMS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of AMS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AMS (CHF5.94) is trading below our estimate of fair value (CHF45.96)

Significantly Below Fair Value: AMS is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AMS?

Key metric: As AMS is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for AMS. This is calculated by dividing AMS's market cap by their current revenue.
What is AMS's PS Ratio?
PS Ratio0.2x
Sales€3.46b
Market Cap€630.36m

Price to Sales Ratio vs Peers

How does AMS's PS Ratio compare to its peers?

The above table shows the PS ratio for AMS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5.5x
UBXN u-blox Holding
1.4x15.8%CHF 511.9m
MBTN Meyer Burger Technology
0.9x33.7%CHF 74.5m
WIHN WISeKey International Holding
2.7x30.2%CHF 50.3m
688230 Shanghai Prisemi ElectronicsLtd
17.2xn/aCN¥6.0b
AMS ams-OSRAM
0.2x5.0%CHF 587.0m

Price-To-Sales vs Peers: AMS is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (5.5x).

Price to Sales Ratio vs Industry

How does AMS's PS Ratio compare vs other companies in the European Semiconductor Industry?

9 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.1.7x12.2%
AMS ams-OSRAM
 0.2x5.0%US$657.45m
AMS 0.2xIndustry Avg. 1.7xNo. of Companies9PS01.22.43.64.86+
9 CompaniesEstimated GrowthMarket Cap
Industry Avg.1.7x18.7%
AMS ams-OSRAM
 0.2x104.1%US$657.45m
No more companies

Price-To-Sales vs Industry: AMS is good value based on its Price-To-Sales Ratio (0.2x) compared to the European Semiconductor industry average (1.7x).

Price to Sales Ratio vs Fair Ratio

What is AMS's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AMS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ratio0.5x

Price-To-Sales vs Fair Ratio: AMS is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst AMS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 5.94
CHF 9.96
+67.5%
30.0%CHF 15.90CHF 6.41n/a9
Dec ’25CHF 5.67
CHF 9.96
+75.5%
30.0%CHF 15.90CHF 6.41n/a9
Nov ’25CHF 8.51
CHF 16.11
+89.3%
24.0%CHF 24.91CHF 11.51n/a9
Oct ’25CHF 11.30
CHF 16.45
+45.6%
27.1%CHF 25.08CHF 11.33n/a9
Sep ’25CHF 10.44
CHF 16.43
+57.4%
29.1%CHF 25.34CHF 11.45n/a9
Aug ’25CHF 11.80
CHF 17.37
+47.3%
30.0%CHF 25.70CHF 11.61n/a10
Jul ’25CHF 12.47
CHF 17.52
+40.5%
29.3%CHF 25.69CHF 10.55n/a10
Jun ’25CHF 14.40
CHF 17.99
+24.9%
29.3%CHF 26.28CHF 10.79n/a10
May ’25CHF 11.17
CHF 32.91
+194.8%
141.9%CHF 179.80CHF 10.81n/a11
Apr ’25CHF 10.48
CHF 35.76
+241.4%
127.7%CHF 179.16CHF 14.31n/a11
Mar ’25CHF 13.22
CHF 33.93
+156.7%
126.4%CHF 175.12CHF 13.98n/a12
Feb ’25CHF 20.30
CHF 48.41
+138.5%
97.0%CHF 170.57CHF 17.32n/a10
Jan ’25CHF 21.14
CHF 55.66
+163.3%
88.6%CHF 174.30CHF 17.08n/a9
Dec ’24CHF 16.09
CHF 61.73
+283.7%
73.4%CHF 172.98CHF 16.95CHF 5.679
Nov ’24CHF 32.23
CHF 75.23
+133.4%
59.1%CHF 175.52CHF 32.40CHF 8.5110
Oct ’24CHF 43.16
CHF 76.86
+78.1%
49.8%CHF 164.92CHF 39.98CHF 11.3011
Sep ’24CHF 62.60
CHF 82.69
+32.1%
38.4%CHF 165.20CHF 48.31CHF 10.4413
Aug ’24CHF 77.28
CHF 83.50
+8.0%
39.7%CHF 165.70CHF 48.74CHF 11.8012
Jul ’24CHF 64.42
CHF 77.67
+20.6%
44.1%CHF 166.93CHF 49.81CHF 12.4713
Jun ’24CHF 67.54
CHF 77.45
+14.7%
44.0%CHF 166.44CHF 49.66CHF 14.4013
May ’24CHF 61.40
CHF 86.94
+41.6%
40.6%CHF 169.43CHF 55.75CHF 11.1713
Apr ’24CHF 70.82
CHF 87.46
+23.5%
40.8%CHF 170.64CHF 56.14CHF 10.4813
Mar ’24CHF 73.04
CHF 87.91
+20.4%
38.3%CHF 165.48CHF 55.80CHF 13.2213
Feb ’24CHF 91.22
CHF 90.95
-0.3%
41.8%CHF 179.88CHF 59.96CHF 20.3013
Jan ’24CHF 67.50
CHF 92.37
+36.8%
41.9%CHF 179.48CHF 59.83CHF 21.1412
Dec ’23CHF 79.02
CHF 90.81
+14.9%
43.8%CHF 179.26CHF 52.84CHF 16.0912

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 05:07
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

ams-OSRAM AG is covered by 36 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Charles BordesAlphaValue
James FontanelliArete Research Services LLP
Guenther HollfelderBaader Helvea Equity Research