XTRA:OSR

Stock Analysis Report

Executive Summary

OSRAM Licht AG provides various lighting products and solutions worldwide.

Snowflake

Fundamentals

Adequate balance sheet unattractive dividend payer.


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


Market Performance


7 Day Return

0.5%

OSR

0.5%

DE Electrical

3.9%

DE Market


1 Year Return

15.8%

OSR

34.8%

DE Electrical

3.4%

DE Market

Return vs Industry: OSR underperformed the German Electrical industry which returned 34.8% over the past year.

Return vs Market: OSR exceeded the German Market which returned 3.4% over the past year.


Shareholder returns

OSRIndustryMarket
7 Day0.5%0.5%3.9%
30 Day3.1%4.2%2.1%
90 Day19.0%14.1%3.7%
1 Year19.1%15.8%36.8%34.8%6.7%3.4%
3 Year-23.2%-27.8%-27.4%-31.0%18.9%8.6%
5 Year57.4%41.4%16.9%7.8%41.8%22.5%

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?

1.73x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: OSR (€38.97) is trading above our estimate of fair value (€16.77)

Significantly Undervalued: 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

Low 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 (1.7x) 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 13 analysts?

119.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OSR is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: OSR is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: OSR is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: OSR's revenue (2.9% per year) is forecast to grow slower than the German market (5% per year).

High Growth Revenue: OSR's revenue (2.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: OSR's Return on Equity is forecast to be low in 3 years time (4.8%).


Next Steps

Past Performance

How has OSRAM Licht performed over the past 5 years?

-14.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: OSR is unprofitable, and losses have increased over the past 5 years at a rate of -14.7% 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 (-10.5%).


Return on Equity

High ROE: OSR has a negative Return on Equity (-7.2%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: OSR is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: OSR is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is OSRAM Licht's financial position?


Financial Position Analysis

Short Term Liabilities: OSR's short term assets (€1.8B) exceeds its short term liabilities (€1.8B)

Long Term Liabilities: OSR's short term assets (1.8B) exceeds its long term liabilities (469.0M)


Debt to Equity History and Analysis

Debt Level: OSR's debt to equity ratio (31%) is considered satisfactory

Reducing Debt: OSR's debt to equity ratio has increased from 8% to 31% over the past 5 years.

Debt Coverage: OSR's debt is well covered by operating cash flow (26.2%).

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


Balance Sheet

Inventory Level: OSR has a high level of physical assets or inventory.

Debt Coverage by Assets: OSR's debt is covered by short term assets (assets are 2.569400x debt).


Next Steps

Dividend

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

2.85%

Current Dividend Yield


Dividend Yield vs Market

company2.8%marketbottom25%1.5%markettop25%3.8%industryaverage2.5%forecastin3Years2.8%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: OSR's dividend (2.85%) is higher than the bottom 25% of dividend payers in the German market (1.46%).

High Dividend: OSR's dividend (2.85%) is low compared to the top 25% of dividend payers in the German market (3.83%).

Stable Dividend: Whilst dividend payments have been stable, OSR has been paying a dividend for less than 10 years.

Growing Dividend: OSR's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: OSR is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: OSR's dividends in 3 years are forecast to be covered by earnings (72.8% payout ratio).


Next Steps

Management

What is the CEO of OSRAM Licht's salary, the management and board of directors tenure and is there insider trading?

4.0yrs

Average management tenure


CEO

Olaf Berlien (57yo)

4.8yrs

Tenure

€3,188,590

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 ($USD3.55M) is about average for companies of similar size in the German market ($USD2.75M).

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


Management Age and Tenure

4.0yrs

Average Tenure

54yo

Average Age

Experienced Management: OSR's management team is considered experienced (4 years average tenure).


Board Age and Tenure

5.9yrs

Average Tenure

55yo

Average Age

Experienced Board: OSR's board of directors are considered experienced (5.9 years average tenure).


Insider Trading

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


Ownership Breakdown


Management Team

  • Olaf Berlien (57yo)

    CEO & Chairman of The Managing Board

    • Tenure: 4.8yrs
    • Compensation: €3.19m
  • Stefan Kampmann (56yo)

    CTO & Member of Management Board

    • Tenure: 3.3yrs
    • Compensation: €2.10m
  • Ingo Bank (51yo)

    CFO & Member of The Managing Board

    • Tenure: 3.1yrs
    • Compensation: €2.11m
  • Ulrike Salb (52yo)

    Head of Procurement & Member of the Supervisory Board

    • Tenure: 3.6yrs
    • Compensation: €86.00k
  • Wilhelm Nehring

    Global Chief Executive Officer of Digital Systems

    • Tenure: 0yrs
  • Juliana Baron

    Head of Investor Relations

    • Tenure: 0yrs

Board Members

  • Peter Bauer (59yo)

    Chairman of Supervisory Board

    • Tenure: 5.9yrs
    • Compensation: €150.00k
  • Frank Lakerveld (72yo)

    Member of Supervisory Board

    • Tenure: 6.2yrs
    • Compensation: €80.50k
  • Roland Busch (55yo)

    Deputy Chairman of the Supervisory Board

    • Tenure: 5.9yrs
    • Compensation: €116.02k
  • Margarete Haase (66yo)

    Member of Supervisory Board

    • Tenure: 1.7yrs
    • Compensation: €80.17k
  • Christine Bortenlänger (53yo)

    Member of Supervisory Board

    • Tenure: 6.2yrs
    • Compensation: €86.00k
  • Irene Schulz (55yo)

    Member of Supervisory Board

    • Tenure: 6.1yrs
    • Compensation: €81.69k
  • Thomas Wetzel (55yo)

    Member of Supervisory Board

    • Tenure: 6.1yrs
    • Compensation: €87.00k
  • Ulrike Salb (52yo)

    Head of Procurement & Member of the Supervisory Board

    • Tenure: 3.6yrs
    • Compensation: €86.00k
  • Alexander Müller (50yo)

    Member of Supervisory Board

    • Tenure: 2.6yrs
    • Compensation: €86.00k
  • Irene Weininger (45yo)

    Member of Supervisory Board

    • Tenure: 2.5yrs
    • Compensation: €80.50k

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: €3.670b
  • 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
OSRBIT (Borsa Italiana)YesOrdinary Registered SharesITEURJul 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
OSRDB (Deutsche Boerse AG)YesOrdinary Registered SharesDEEURJul 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
OSRCDB (Deutsche Boerse AG)SHSDEEURSep 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 manufac ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 21:29
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2018/09/30


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.