SWX:JEN

Stock Analysis Report

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Executive Summary

Jenoptik AG engages in the photonics business in Germany and internationally. More Details


Snowflake Analysis

Excellent balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has Jenoptik's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: JEN is less volatile than 75% of Swiss stocks over the past 3 months, typically moving +/- 0% a week.

Volatility Over Time: JEN's weekly volatility (0%) has been stable over the past year.


Market Performance


7 Day Return

0%

JEN

2.4%

CH Electronic

0.1%

CH Market


1 Year Return

0%

JEN

10.0%

CH Electronic

-0.2%

CH Market

Return vs Industry: JEN underperformed the Swiss Electronic industry which returned 10% over the past year.

Return vs Market: JEN matched the Swiss Market which returned -0.2% over the past year.


Shareholder returns

JENIndustryMarket
7 Day0%2.4%0.1%
30 Day0%10.8%8.4%
90 Day0%0.4%3.0%
1 Year0.4%0%12.3%10.0%3.4%-0.2%
3 Year10.1%7.6%23.4%14.1%19.8%4.9%
5 Year153.8%142.0%136.3%109.9%38.7%15.8%

Long-Term Price Volatility Vs. Market

How volatile is Jenoptik's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Jenoptik undervalued compared to its fair value and its price relative to the market?

30.25x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: JEN (CHF37.1) is trading above our estimate of fair value (CHF35.16)

Significantly Below Fair Value: JEN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: JEN is good value based on its PE Ratio (30.3x) compared to the CH Electronic industry average (31.8x).

PE vs Market: JEN is poor value based on its PE Ratio (30.3x) compared to the Swiss market (22.8x).


Price to Earnings Growth Ratio

PEG Ratio: JEN is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: JEN is good value based on its PB Ratio (2.2x) compared to the CH Electronic industry average (3.3x).


Next Steps

Future Growth

How is Jenoptik forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

32.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JEN's forecast earnings growth (32.2% per year) is above the savings rate (-0.2%).

Earnings vs Market: JEN's earnings (32.2% per year) are forecast to grow faster than the Swiss market (13.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: JEN's revenue (8.2% per year) is forecast to grow faster than the Swiss market (4.8% per year).

High Growth Revenue: JEN's revenue (8.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: JEN's Return on Equity is forecast to be low in 3 years time (10.8%).


Next Steps

Past Performance

How has Jenoptik performed over the past 5 years?

6.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JEN has high quality earnings.

Growing Profit Margin: JEN's current net profit margins (6.2%) are lower than last year (9.3%).


Past Earnings Growth Analysis

Earnings Trend: JEN's earnings have grown by 6.4% per year over the past 5 years.

Accelerating Growth: JEN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: JEN had negative earnings growth (-38.6%) over the past year, making it difficult to compare to the Electronic industry average (-7.9%).


Return on Equity

High ROE: JEN's Return on Equity (7.1%) is considered low.


Next Steps

Financial Health

How is Jenoptik's financial position?


Financial Position Analysis

Short Term Liabilities: JEN's short term assets (€504.1M) exceed its short term liabilities (€239.0M).

Long Term Liabilities: JEN's short term assets (€504.1M) exceed its long term liabilities (€454.1M).


Debt to Equity History and Analysis

Debt Level: JEN's debt to equity ratio (39.6%) is considered satisfactory.

Reducing Debt: JEN's debt to equity ratio has increased from 30.8% to 39.6% over the past 5 years.

Debt Coverage: JEN's debt is well covered by operating cash flow (42%).

Interest Coverage: JEN's interest payments on its debt are well covered by EBIT (11.5x coverage).


Balance Sheet


Next Steps

Dividend

What is Jenoptik current dividend yield, its reliability and sustainability?

0.51%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: JEN's dividend (0.51%) isn’t notable compared to the bottom 25% of dividend payers in the Swiss market (1.86%).

High Dividend: JEN's dividend (0.51%) is low compared to the top 25% of dividend payers in the Swiss market (3.75%).


Stability and Growth of Payments

Stable Dividend: JEN is not paying a notable dividend for the Swiss market, therefore no need to check if payments are stable.

Growing Dividend: JEN is not paying a notable dividend for the Swiss market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: JEN is not paying a notable dividend for the Swiss market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of JEN's dividend in 3 years as they are not forecast to pay a notable one for the Swiss market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

Stefan Traeger (53 yo)

3.5yrs

Tenure

€1,380,034

Compensation

Dr. Stefan Traeger has been Chairman of the Executive Board, Chief Executive Officer and President at Jenoptik AG since May 01, 2017. Dr. Traeger is responsible for the operational business as well as for ...


CEO Compensation Analysis

Compensation vs Market: Stefan's total compensation ($USD1.65M) is above average for companies of similar size in the Swiss market ($USD1.18M).

Compensation vs Earnings: Stefan's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Stefan Traeger
Chairman of the Executive Board3.5yrs€1.38mno data
Hans-Dieter Schumacher
CFO & Member of the Executive Board5.58yrs€1.05mno data
Thomas Fritsche
Head of Investor Relationsno datano datano data
Steffen Müller
Vice President of Corporate Development and M&A2.17yrsno datano data
Maria Koller
Head of Global Human Resources3yrsno datano data
Stefan Stenzel
Head of VINCORION Divisionno datano datano data
Kevin Chevis
Head of Light & Safety Divisionno datano datano data
Ralf Kuschnereit
Head of Light & Optics Divisionno datano datano data
Martin Kuhnhen
Head of Light & Production Divisionno datano datano data
Markus Weber
Head of Corporate Controlling1.5yrsno datano data
Albert Miranda
President Jenoptik North Americano datano datano data
Jonathan Qu
President of Jenoptik Asiano datano datano data

3.0yrs

Average Tenure

52.5yo

Average Age

Experienced Management: JEN's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Matthias Wierlacher
Chairman of the Supervisory Board5.33yrs€132.30kno data
Evert Dudok
Member of Supervisory Board5.33yrs€54.90kno data
Doreen Nowotne
Member of Supervisory Board5.33yrs€88.90kno data
Dieter Kröhn
Employee Representative Member of Supervisory Board9.92yrs€63.10kno data
Thomas Klippstein
Employee Representative Member of Supervisory Board24.83yrs€82.10kno data
Andreas Tünnermann
Member of Supervisory Board & Member of Scientific Advisory Councilno data€63.20kno data
Günther Tränkle
Member of Scientific Advisory Councilno datano datano data
Gerhard Fettweis
Member of Scientific Advisory Councilno datano datano data
Heinrich Reimitz
Member of Supervisory Board12.58yrs€90.10kno data
Jurgen Popp
Member of Scientific Advisory Councilno datano datano data
Stefan Schaumburg
Deputy Chairman of the Supervisory Board0.083yr€65.40kno data
Astrid Biesterfeldt
Employee Representative Member of Supervisory Board6.58yrs€72.70kno data

6.0yrs

Average Tenure

58yo

Average Age

Experienced Board: JEN's board of directors are considered experienced (6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Jenoptik AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Jenoptik AG
  • Ticker: JEN
  • Exchange: SWX
  • Founded: 1846
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: €1.460b
  • Listing Market Cap: €1.581b
  • Shares outstanding: 57.24m
  • Website: https://www.jenoptik.com

Number of Employees


Location

  • Jenoptik AG
  • Carl-Zeiss-Strasse 1
  • Jena
  • Thuringia
  • 7743
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JENDB (Deutsche Boerse AG)YesBearer SharesDEEURJun 1998
JENXTRA (XETRA Trading Platform)YesBearer SharesDEEURJun 1998
0ZPVLSE (London Stock Exchange)YesBearer SharesGBEURJun 1998
JNPK.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDJun 1998
JENDBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURJun 1998
JENSWX (SIX Swiss Exchange)YesBearer SharesCHCHFJun 1998
JENWBAG (Wiener Boerse AG)YesBearer SharesATEURJun 1998
JEN-UETLX (Eurotlx)YesBearer SharesITEURJun 1998

Biography

Jenoptik AG engages in the photonics business in Germany and internationally. The company operates through Light & Optics, Light & Production, and Light & Safety segments. It offers automation solutions an...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/30 18:09
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.