XTRA:OSR

Stock Analysis Report

Executive Summary

OSRAM Licht AG provides various lighting products and solutions worldwide.


Snowflake Analysis

Adequate balance sheet with moderate growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: OSR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

4.2%

OSR

3.2%

DE Electrical

4.3%

DE Market


1 Year Return

5.1%

OSR

-5.7%

DE Electrical

-14.2%

DE Market

Return vs Industry: OSR exceeded the German Electrical industry which returned -8.1% over the past year.

Return vs Market: OSR exceeded the German Market which returned -16.6% over the past year.


Shareholder returns

OSRIndustryMarket
7 Day4.2%3.2%4.3%
30 Day-27.5%-18.9%-9.0%
90 Day-24.9%-27.1%-21.6%
1 Year5.1%5.1%-5.5%-5.7%-11.7%-14.2%
3 Year-40.1%-42.7%-35.9%-38.0%-12.3%-19.6%
5 Year-22.0%-28.3%-35.6%-40.0%-14.0%-25.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

1.58x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: OSR (€33.88) is trading above our estimate of fair value (€25.15)

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


Price To Earnings Ratio

PE vs Industry: OSR is unprofitable, so we can't compare its PE Ratio to the Electrical industry average.

PE vs Market: OSR is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate OSR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: OSR is good value based on its PB Ratio (1.6x) compared to the DE Electrical industry average (1.9x).


Next Steps

Future Growth

How is OSRAM Licht forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

91.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OSR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (-0.4%).

Earnings vs Market: OSR is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: OSR's is expected to become profitable in the next 3 years.

Revenue vs Market: OSR's revenue (3.6% per year) is forecast to grow slower than the German market (3.9% per year).

High Growth Revenue: OSR's revenue (3.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OSR's Return on Equity is forecast to be low in 3 years time (5.4%).


Next Steps

Past Performance

How has OSRAM Licht performed over the past 5 years?

-34.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OSR is currently unprofitable.

Growing Profit Margin: OSR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: OSR is unprofitable, and losses have increased over the past 5 years at a rate of -34.4% per year.

Accelerating Growth: Unable to compare OSR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: OSR is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (65.8%).


Return on Equity

High ROE: OSR has a negative Return on Equity (-16.19%), as it is currently unprofitable.


Next Steps

Financial Health

How is OSRAM Licht's financial position?


Financial Position Analysis

Short Term Liabilities: OSR's short term assets (€1.6B) exceed its short term liabilities (€1.6B).

Long Term Liabilities: OSR's short term assets (€1.6B) exceed its long term liabilities (€602.0M).


Debt to Equity History and Analysis

Debt Level: OSR's debt to equity ratio (26.8%) is considered satisfactory.

Reducing Debt: OSR's debt to equity ratio has increased from 6.9% to 26.8% over the past 5 years.

Debt Coverage: OSR's debt is well covered by operating cash flow (38.6%).

Interest Coverage: Insufficient data to determine if OSR's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is OSRAM Licht's current dividend yield, its reliability and sustainability?

1.46%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate OSR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate OSR's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if OSR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if OSR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: OSR is not paying a notable dividend for the German market.


Future Payout to Shareholders

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


Next Steps

Management

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

4.5yrs

Average management tenure


CEO

Olaf Berlien (57yo)

5.25s

Tenure

€2,480,674

Compensation

Dr. Olaf Berlien has been the Chairman of the Managing Board and Chief Executive Officer at OSRAM GmbH since January 01, 2015. Dr. Berlien has been Chief Executive Officer of OSRAM Licht AG since January 1 ...


CEO Compensation Analysis

Compensation vs Market: Olaf's total compensation ($USD2.70M) is about average for companies of similar size in the German market ($USD3.30M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Olaf Berlien
CEO & Chairman of The Managing Board5.25yrs€2.48mno data
Ingo Bank
CFO & Member of The Managing Board3.58yrs€1.57mno data
Stefan Kampmann
CTO & Member of the Managing Board3.75yrs€1.58mno data
Ulrike Salb
Head of Procurement & Member of the Supervisory Board4.08yrs€88.00kno data
Juliana Baron
Head of Investor Relationsno datano datano data
Wilhelm Nehring
Global Chief Executive Officer of Digital Systemsno datano datano data

4.5yrs

Average Tenure

54yo

Average Age

Experienced Management: OSR's management team is considered experienced (4.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ulrike Salb
Head of Procurement & Member of the Supervisory Board4.08yrs€88.00kno data
Peter Bauer
Chairman of the Supervisory Board6.42yrs€147.18kno data
Franciscus Lakerveld
Member of the Supervisory Board6.67yrs€82.50kno data
Roland Busch
Deputy Chairman of the Supervisory Board6.42yrs€115.03kno data
Margarete Haase
Member of the Supervisory Board2.17yrs€123.00kno data
Christine Bortenlänger
Member of the Supervisory Board6.67yrs€85.08kno data
Arunjai Mittal
Member of the Supervisory Board1.67yrs€82.50kno data
Thomas Wetzel
Member of the Supervisory Board6.58yrs€89.50kno data
Alexander Müller
Member of the Supervisory Board3.08yrs€88.00kno data
Irene Weininger
Member of the Supervisory Board3yrs€82.50kno data

5.3yrs

Average Tenure

54yo

Average Age

Experienced Board: OSR's board of directors are considered experienced (5.3 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

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


Key Information

  • Name: OSRAM Licht AG
  • Ticker: OSR
  • Exchange: XTRA
  • Founded: 1906
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: €3.186b
  • Shares outstanding: 94.05m
  • Website: https://www.osram-group.com

Number of Employees


Location

  • OSRAM Licht AG
  • Marcel-Breuer-Strasse 6
  • Munich
  • Bavaria
  • 80807
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OSRDB (Deutsche Boerse AG)YesOrdinary Registered SharesDEEURJul 2013
OSRDBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary Registered SharesGBEURJul 2013
OSRXTRA (XETRA Trading Platform)YesOrdinary Registered SharesDEEURJul 2013
0QFRLSE (London Stock Exchange)YesOrdinary Registered SharesGBEURJul 2013
OSAG.FOTCPK (Pink Sheets LLC)YesOrdinary Registered SharesUSUSDJul 2013
OSRWBAG (Wiener Boerse AG)YesOrdinary Registered SharesATEURJul 2013
OSRSWX (SIX Swiss Exchange)YesOrdinary Registered SharesCHCHFJul 2013
OSAG.YOTCPK (Pink Sheets LLC)UNSP ADR EA REPR 0.333 ORD SHSUSUSDJun 2014
OSRADB (Deutsche Boerse AG)UNSP ADR EA REPR 0.333 ORD SHSDEEURJun 2014
OSRBXTRA (XETRA Trading Platform)NPV (ASD 00/09/2019 LUZ CASH)DEEURJul 2019
OSRDDB (Deutsche Boerse AG)NPV (SHS FOR SALE TO AMS)DEEURNov 2019

Biography

OSRAM Licht AG provides various lighting products and solutions worldwide. It operates through three segments: Opto Semiconductors, Specialty Lighting, and Lighting Solutions & Systems. The company manufactures light-emitting diodes (LEDs) that are used in general lighting, automotive, consumer, and industrial applications, as well as infrared, laser, and optical sensors for the automotive, smartphone, wearable, general lighting, industrial lighting, and projection sectors, as well as lighting for plants. It also develops and produces lamps and lighting systems for the automotive sector; stage, cinema, and studio lighting; plant cultivation systems; and special lamps for industrial and medical applications, as well as develops and markets automotive systems based on LED and laser technology, and other customer-specific system solutions. In addition, the company develops, produces, and markets LED light engines and light management systems, as well as electronic ballasts for LED modules and traditional lamps. Further, it is involved in the production and sale of luminaires; design, implementation, and service of lighting solutions; and provision of products in the areas of street lighting and architectural lighting, as well as professional interior lighting applications. Additionally, the company develops and markets industrial applications for the Internet of Things. It provides its products under the OSRAM, SYLVANIA, SYLVANIA Lighting Solutions, Siteco, Traxon, Clay Paky, and LED Engin brands. The company was formerly known as Kyros A AG and changed its name to OSRAM Licht AG in November 2012. OSRAM Licht AG was founded in 1906 and is headquartered in Munich, Germany.  


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/07 23:50
End of Day Share Price2020/04/07 00:00
Earnings2019/12/31
Annual Earnings2019/09/30


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.