XTRA:OSR

Stock Analysis Report

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Executive Summary

OSRAM Licht AG provides various lighting products and solutions worldwide. More Details

Rewards

Trading at 44.6% below our estimate of its fair value

Earnings are forecast to grow 122.93% per year

Risk Analysis

No risks detected for OSR from our risk checks.


Snowflake Analysis

Reasonable growth potential and fair value.


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 is less volatile than 75% of German stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: OSR's weekly volatility has decreased from 8% to 1% over the past year.


Market Performance


7 Day Return

-1.2%

OSR

-6.2%

DE Electrical

-1.2%

DE Market


1 Year Return

13.9%

OSR

38.0%

DE Electrical

2.3%

DE Market

Return vs Industry: OSR underperformed the German Electrical industry which returned 38% over the past year.

Return vs Market: OSR exceeded the German Market which returned 2.3% over the past year.


Shareholder returns

OSRIndustryMarket
7 Day-1.2%-6.2%-1.2%
30 Day0.7%14.9%2.5%
90 Day1.4%32.8%8.1%
1 Year13.9%13.9%38.2%38.0%5.6%2.3%
3 Year-28.7%-31.8%31.5%27.6%3.6%-5.5%
5 Year48.0%35.9%35.1%27.9%41.3%21.3%

Long-Term 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?

44.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: OSR (€52.2) is trading below our estimate of fair value (€94.23)

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


Price To Earnings Ratio

PE vs Industry: OSR is unprofitable, so we can't compare its PE Ratio to the DE 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 (2.8x) compared to the DE Electrical industry average (4.2x).


Next Steps

Future Growth

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

122.9%

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 (0.07%).

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 (6.6% per year) is forecast to grow faster than the German market (5.9% per year).

High Growth Revenue: OSR's revenue (6.6% 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 (0.4%).


Next Steps

Past Performance

How has OSRAM Licht performed over the past 5 years?

-59.6%

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 59.6% 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 (20.1%).


Return on Equity

High ROE: OSR has a negative Return on Equity (-15.37%), 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 (€1.7B) do not cover its short term liabilities (€1.8B).

Long Term Liabilities: OSR's short term assets (€1.7B) exceed its long term liabilities (€442.0M).


Debt to Equity History and Analysis

Debt Level: OSR's debt to equity ratio (38.9%) is considered satisfactory.

Reducing Debt: OSR's debt to equity ratio has increased from 3.5% to 38.9% over the past 5 years.

Debt Coverage: OSR's debt is not well covered by operating cash flow (16.1%).

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 current dividend yield, its reliability and sustainability?

0.16%

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 recent payouts.

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

6.0yrs

Average management tenure


CEO

Olaf Berlien (58 yo)

6yrs

Tenure

€3,457,113

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 0...


CEO Compensation Analysis

Compensation vs Market: Olaf's total compensation ($USD4.18M) is about average for companies of similar size in the German market ($USD3.78M).

Compensation vs Earnings: Olaf's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Olaf Berlien
CEO & Chairman of The Managing Board6yrs€3.46mno data
Kathrin Dahnke
CFO & Member of the Management Board0.75yr€1.75mno data
Ulrike Salb
Head of Procurement & Member of the Supervisory Board4.83yrs€88.50kno data
Julia Klostermann
Head of Investor Relationsno datano datano data
Ulrich Huwels
Head of AMS Division Optical Sensors Solutionno datano datano data
Christin Eisenschmid
Managing Director of Intel Germany & Austriano datano datano data
Wilhelm Nehring
Global Chief Executive Officer of Digital Systemsno datano datano data
Francois-Xavier Gerard
Senior VP & Corporate Controllerno datano datano data

6.0yrs

Average Tenure

58yo

Average Age

Experienced Management: OSR's management team is seasoned and experienced (6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ulrike Salb
Head of Procurement & Member of the Supervisory Board4.83yrs€88.50kno data
Johann Eitner
Member of Supervisory Board0.42yr€11.83kno data
Thomas Stockmeier
Chairman of Supervisory Board0.083yrno datano data
Johann Metzler
Deputy Chairman of Member of Supervisory Board0.42yr€20.67kno data
Margarete Haase
Member of the Supervisory Board2.92yrs€123.50kno data
Christine Bortenlanger
Member of the Supervisory Board7.42yrs€88.50kno data
Thomas Wetzel
Employee Representative Member of the Supervisory Board7.33yrs€89.50kno data
Alexander Muller
Employee Representative Member of the Supervisory Board3.83yrs€88.50kno data
Irene Weininger
Employee Representative Member of the Supervisory Board3.75yrs€82.50kno data
Klaus Abel
Employee Representative Deputy Chairman of the Supervisory Boardno data€124.50kno data
Olga Redda
Employee Representative Member of the Supervisory Board1.25yrs€88.00kno data

3.3yrs

Average Tenure

56yo

Average Age

Experienced Board: OSR's board of directors are considered experienced (3.3 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: €4.916b
  • Shares outstanding: 94.18m
  • 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)UNSPONSORD ADRUSUSDJun 2014
OSRADB (Deutsche Boerse AG)UNSPONSORD ADRDEEURJun 2014
OSRBXTRA (XETRA Trading Platform)NPV (ASD 00/09/2019 LUZ CASH)DEEURJul 2019
OSRDXTRA (XETRA Trading Platform)NPVDEEURNov 2019

Biography

OSRAM Licht AG provides various lighting products and solutions worldwide. The company operates through three segments: Opto Semiconductors, Automotive, and Digital. It manufactures light-emitting diodes (...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 20:26
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2020/09/30


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.