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OSRAM Licht

XTRA:OSR
Snowflake Description

Flawless balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OSR
XTRA
€6B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Last updated 2018/04/22 19:39
Company description

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


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  • OSRAM Licht has significant price volatility in the past 3 months.
SHARE PRICE
3 Month History
OSR
Industry
5yr Volatility vs Market

Value

 Is OSRAM Licht undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of OSRAM Licht to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.

How is this discounted cash flow calculated?

  • The current share price of OSRAM Licht is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for OSRAM Licht's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are OSRAM Licht's earnings available for a low price, and how does this compare to other companies in the same industry?
  • OSRAM Licht is overvalued based on earnings compared to the DE Electrical industry average.
  • OSRAM Licht is overvalued based on earnings compared to the DE market.
Price based on expected Growth
Does OSRAM Licht's expected growth come at a high price?
  • OSRAM Licht is good value based on expected growth next year.
Price based on value of assets
What value do investors place on OSRAM Licht's assets?
  • OSRAM Licht is overvalued based on assets compared to the DE Electrical industry average.
X
Value checks
We assess OSRAM Licht's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. OSRAM Licht has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
    Note 2: PEG ratio is based on analysts EPS growth expectations in 1 year (6.9%).

    Full details on the Value part of the Simply Wall St company analysis model.
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Discounted cash flow (2 Stage Free Cash Flow to Equity)

The calculations below outline how an intrinsic value for OSRAM Licht is arrived at by discounting future cash flows to their present value. We use analyst's estimates of cash flows going forward 5 years.

See our documentation to learn about this calculation.

5 year cash flow forecast

Present value of next 5 years cash flows:
€842

Terminal Value

Terminal Value = FCF2022 × (1 + g) ÷ (Discount Rate – g)

Terminal Value = €548 × (1 + 0.67%) ÷ (9.85% – 0.67%)

Terminal value based on the Perpetuity Method where growth (g) = 0.67%:
€6,011

Present value of terminal value:
€3,757

Equity Value

Equity Value (Total value) = Present value of next 5 years cash flows + terminal value
€4,600 = €842 + €3,757

Value = Total value / Shares Outstanding (€4,600 / 96)

Discount to Share Price

Value per share:
€47.71

Current discount (share price of €58): -21.56%



Estimate of Discount Rate

The discount rate, or required rate of return, is estimated by calculating the Cost of Equity.

Discount rate = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)

Discount rate = 9.85% = 0.67% + (0.984 * 9.33%)



Estimate of Bottom Up Beta

The Levered Beta is the Unlevered Beta adjusted for financial leverage. It is limited to 0.8 to 2.0 (practical range for a stable firm). Note the market value of equity is used not the book value (€5,591,186,138).

Levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))

0.984 = 0.961 (1 + (1- 29.79%) (3.54%))

Levered Beta used in calculation = 0.984



Assumptions
  1. The risk free rate of 0.67% is from the 10 year government bond rate in EUR.
  2. The bottom-up beta is estimated by analysing other companies in the same industry.
  3. The Equity Risk Premium is calculated by subtracting the risk free rate from the market return premium (9.33%) (source: Buffet).
  4. The dividend discount model is automatically used for companies in the following industries: Banks, Insurance, Real Estate Investment Trusts (REITs), Diversified Financial Services and Capital Markets.

Future Performance

 How is OSRAM Licht expected to perform in the next 1 to 3 years based on estimates from 19 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
22.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is OSRAM Licht expected to grow at an attractive rate?
  • OSRAM Licht's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • OSRAM Licht's earnings growth is expected to exceed the DE market average.
  • OSRAM Licht's revenue growth is expected to exceed the DE market average.
Annual Growth Rates Comparison
Analysts growth expectations
Super high growth metrics
High Growth Checks
  • OSRAM Licht's earnings are expected to grow significantly at over 20% yearly.
  • OSRAM Licht's revenue is expected to grow by 7.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • OSRAM Licht is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess OSRAM Licht's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the DE market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the DE market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
OSRAM Licht has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has OSRAM Licht performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare OSRAM Licht's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • OSRAM Licht has delivered over 20% year on year earnings growth in the past 5 years.
  • OSRAM Licht's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • OSRAM Licht's 1-year earnings growth is negative, it can't be compared to the DE Electrical industry average.
Earnings and Revenue History
OSRAM Licht's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • OSRAM Licht has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • OSRAM Licht used its assets less efficiently than the DE Electrical industry average last year based on Return on Assets.
  • OSRAM Licht has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess OSRAM Licht's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
OSRAM Licht has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is OSRAM Licht's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up OSRAM Licht's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • OSRAM Licht is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • OSRAM Licht's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of OSRAM Licht's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 10.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
  • OSRAM Licht's level of debt (8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (63.7% vs 8% today).
  • Debt is well covered by operating cash flow (266.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 86.3x coverage).
X
Financial health checks
We assess OSRAM Licht's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by short term assets? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. OSRAM Licht has a total score of 6/6, see the detailed checks below.


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.91%
Current annual income from OSRAM Licht dividends. Estimated to be 2.22% next year.
If you bought €2,000 of OSRAM Licht shares you are expected to receive €38 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • OSRAM Licht's dividend is above the low risk savings rate (1.46%).
  • OSRAM Licht's dividend is below the markets top dividend payers (3.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
  • Whilst dividend payments have been stable, OSRAM Licht has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but OSRAM Licht only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of OSRAM Licht's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by net profit (2.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by net profit (3.4x coverage).
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Income/ dividend checks
We assess OSRAM Licht's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.5%) - if not then the rest of the checks are ignored.
  2. Current dividend yield, is there one at all, is it higher than the low risk savings rate, and is it above the top 25% of dividend payers? (2 checks)
  3. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  4. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  5. How sustainable is the dividend, can OSRAM Licht afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  6. OSRAM Licht has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Olaf Berlien, image provided by Google.
Olaf Berlien
COMPENSATION €3,391,824
AGE 55
TENURE AS CEO 3.3 years
CEO Bio

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, 2015. He serves as the Chairman of the Managing Board for OSRAM Licht AG and has been its Member of management board since January 1, 2015. He serves as the Chairman and Member of Executive Board at Thyssenkrupp Immobilien Gmbh AG and Thyssenkrupp Werften Gmbh AG. Dr. Berlien serves as Member of Supervisory Board of Droege Group. He served as Chief Technology Officer and Labor Relations Director at OSRAM Licht AG He served as the Chairman of the Executive Board and Member of the Executive Board at ThyssenKrupp Elevator AG until April 2009 and also served as its Chief Executive Officer. He served as Executive Board Chairman of ThyssenKrupp Services AG from April 2009 to December 31, 2012. He served as the Head of Industrial Operations of ThyssenKrupp AG from August 1, 2006 to December 31, 2012 and served as its Chief Executive Officer of Elevator Technology Business Area until December 31, 2012. He served as Chief Executive Officer at the Elevator Technology business at ThyssenKrupp Services AG and also served as Member of Executive Board since April 2002 He served as Chairman of Executive Board and Chief Executive Officer of M+W Group GmbH since 2014 and also served as its Member of Executvie Board. He served as an Executive Board Member of ThyssenKrupp AG from April 1, 2002 to December 31, 2012. He served as Chairman of Executive Board of ThyssenKrupp Technologies Beteiligungen GmbH (alternate name ThyssenKrupp Technologies AG) from February 2004 to September 2009 and its Chief Executive Officer and Member of the Executive Board since April 1, 2002 until September 2009. He served as the Head of Plans and Controls of IBM Deutschland Entwicklung GmbH in Stuttgart/Berlin since 1992 and worked for it from 1988 to 1993. From 1984 to 1988, he served as Commercial Manager of his parents' company and managed the family business. He then worked for IBM Deutschland GmbH in Berlin and Mainz. He completed a traineeship in the Controlling department and was placed in charge of performance measurement and was a Product Controller for magnetic head production and a Product Controller for all products of the Berlin plant in 1991. He served as Head of Controlling, Chief Financial Officer and Commercial Manager of Buderus Heiztechnik GmbH in Wetzlar since 1993. He served as Commercial Managing Director and Chief Financial Officer of Buderus Ungarn Kft. in Budapest since 1994. Since 1996, he served as Head of the Industrial Metrology Division of Carl Zeiss in Oberkochen, Chairman of the Management Board and Managing Director of Carl Zeiss Industrielle Meßtechnik GmbH, Oberkochen and President of CZ IMT Corp. in Minneapolis/USA. From 1999 to March 2002, he served as Member of the Executive Board of Carl Zeiss, where he was responsible for Finance and Controlling, Information Technology, Personnel, International Sales and the Industrial Metrology Division. He worked at Buderus Heiztechnik GmbH from 1993 to 1996; Carl Zeiss AG from 1996 to 2002; and ThyssenKrupp AG from 2002 to 2013. He serves as Chairman of ThyssenKrupp Marine Systems AG, Berco S.p.A., and ThyssenKrupp (China) Ltd. He serves as Chairman of the Supervisory Board at OSRAM Opto Semiconductors Gesellschaft mit beschränkter Haftung. He has been a Member of Advisory Board at Diehl Verwaltungs-Stiftung since September 1, 2014. He serves as a Member of Supervisory Board at Droege International Group AG. He serves as a Member of Advisory Board at Diehl Stiftung & Co. KG. He has been a Member of Advisory Board at HSBC Trinkaus & Burkhardt AG since April 2008. He serves as a Member of Central Advisory Board at Commerzbank AG. He served as a Member of Supervisory Board at Dresdner Bank AG since January 1, 2007. He served as a Director of ALSO Holding AG (also known as ALSO-Actebis Holding AG) from March 13, 2014 to March 17, 2016. He served as a Member of Supervisory Board at ThyssenKrupp Services AG. He served as a Member of the Supervisory Board at Thyssenkrupp Automotive AG. He served as a Member of the Supervisory Board of Viterra AG since July 15, 2003. Dr. Berlien studied Business Administration at the Technical University in Berlin in 1990. In 1992, he was awarded a doctorate by the Technical University of Berlin.

CEO Compensation
  • Olaf's compensation has been consistent with company performance over the past year.
  • Olaf's compensation is higher than average for a company of this size and profit level.
Management Team Tenure

Average tenure and age of the OSRAM Licht management team in years:

2.7
Average Tenure
52
Average Age
  • The tenure for the OSRAM Licht management team is about average.
Management Team

Olaf Berlien

TITLE
CEO & Chairman of The Managing Board
COMPENSATION
€3M
AGE
55
TENURE
3.3 yrs

Ingo Bank

TITLE
CFO & Member of The Managing Board
COMPENSATION
€2M
AGE
49
TENURE
1.6 yrs

Stefan Kampmann

TITLE
CTO & Member of Management Board
COMPENSATION
€2M
AGE
54
TENURE
1.8 yrs

Ulrike Salb

TITLE
Head of Corporate Procurement & Member of The Supervisory Board
COMPENSATION
€77K
AGE
50
TENURE
4.3 yrs

Christoph Löhrke

TITLE
Deputy Head of Investor Relations
Board of Directors Tenure

Average tenure and age of the OSRAM Licht board of directors in years:

3.9
Average Tenure
57
Average Age
  • The tenure for the OSRAM Licht board of directors is about average.
Board of Directors

Peter Bauer

TITLE
Chairman of Supervisory Board
COMPENSATION
€150K
AGE
57
TENURE
4.4 yrs

Roland Busch

TITLE
Deputy Chairman of the Supervisory Board
COMPENSATION
€116K
AGE
53
TENURE
4.4 yrs

Michael Knuth

TITLE
Deputy Chairman of Supervisory Board
COMPENSATION
€123K
AGE
60
TENURE
4.6 yrs

Ulrike Salb

TITLE
Head of Corporate Procurement & Member of The Supervisory Board
COMPENSATION
€77K
AGE
50
TENURE
2.1 yrs

Margarete Haase

TITLE
Member of Supervisory Board
AGE
64
TENURE
0.3 yrs

Irene Schulz

TITLE
Member of Supervisory Board
COMPENSATION
€86K
AGE
53
TENURE
4.6 yrs

Thomas Wetzel

TITLE
Member of Supervisory Board
COMPENSATION
€86K
AGE
53
TENURE
4.6 yrs

Christine Bortenlänger

TITLE
Member of Supervisory Board
COMPENSATION
€86K
AGE
51
TENURE
4.7 yrs

Lothar Frey

TITLE
Member of Supervisory Board
COMPENSATION
€80K
AGE
59
TENURE
4.7 yrs

Frank Lakerveld

TITLE
Member of Supervisory Board
COMPENSATION
€80K
AGE
70
TENURE
4.7 yrs
Recent Insider Trading
  • No 3 month insider trading information.
Who owns this company?
X
Management checks
We assess OSRAM Licht's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap and profit (greater than 0.5% of the company's profit + 0.03% of market cap)? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. OSRAM Licht has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

Company News

External News
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Simply Wall St News

With An ROE Of 10.12%, Has OSRAM Licht AG's (ETR:OSR) Management Done Well?

See our latest analysis for OSRAM Licht Breaking down Return on Equity Return on Equity (ROE) weighs OSRAM Licht’s profit against the level of its shareholders’ equity. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity XTRA:OSR Last Perf Apr 19th 18 Essentially, profit margin shows how much money the company makes after paying for all its expenses. … Its appropriate level of leverage means investors can be more confident in the sustainability of OSRAM Licht’s return with a possible increase should the company decide to increase its debt levels.

Simply Wall St -

Is It Time To Buy OSRAM Licht AG (ETR:OSR)?

This means that the opportunity to buy OSRAM Licht at a good price has disappeared! … Since OSRAM Licht’s share price is quite volatile, this could mean it can sink lower (or rise even further) in the future, giving us another chance to invest. … What does the future of OSRAM Licht look like?

Simply Wall St -

Want To Invest In OSRAM Licht AG (ETR:OSR)? Here's How It Performed Lately

Below, I will assess OSRAM Licht AG's (XTRA:OSR) track record on a high level, to give you some insight into how the company has been performing against its historical trend and its industry peers. … View our latest analysis for OSRAM Licht Was OSR's recent earnings decline worse than the long-term trend and the industry? … Well, let’s take a look at whether it is merely owing to industry tailwinds, or if OSRAM Licht has seen some company-specific growth.

Simply Wall St -

Is OSRAM Licht AG (ETR:OSR) Undervalued After Accounting For Its Future Growth?

OSR is available at a PE (price-to-earnings) ratio of 24.71x today, which tells us the stock is overvalued based on current earnings compared to the electrical industry average of 17.94x , and overvalued compared to the DE market average ratio of 18.8x. … But, to be able to properly assess the value of a high-growth stock such as OSRAM Licht, we must incorporate its earnings growth in our valuation. … This means that, when we account for OSRAM Licht's growth, the stock can be viewed as slightly overvalued , based on the fundamentals.

Simply Wall St -

Does OSRAM Licht AG's (ETR:OSR) PE Ratio Signal A Selling Opportunity?

It compares a stock’s price per share to the stock’s earnings per share. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for OSR Price per share = €64.72 Earnings per share = €2.565 ∴ Price-Earnings Ratio = €64.72 ÷ €2.565 = 25.2x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you inadvertently compared riskier firms with OSR, then investors would naturally value OSR at a higher price since it is a less risky investment.

Simply Wall St -

Company Info

Map
Description

OSRAM Licht AG provides various lighting products and solutions worldwide. The company operates through Specialty Lighting, Opto Semiconductors, and Lighting Solutions & Systems segments. The Specialty Lighting segment develops and produces lamps and lighting systems for the automotive sector, studio, stage and TV, and projection system applications, as well as special lamps for industrial and medical applications; produces lamps for disinfecting liquids, surfaces, and gases with UV light. The Opto Semiconductors segment manufactures optoelectronic semiconductors, such as light-emitting diode (LED), optical sensors, infrared LED, and high-power laser diodes for visible and infrared light. This segment’s products are used in automotive, communication products, and consumer goods industries. The Lighting Solutions & Systems segment develops, produces, and markets LED light engines, electronic ballasts for LED modules and traditional lamps, and light management systems. This segment also provides luminaires for professional applications, such as street lighting or architectural lighting, as well as for private applications, including table lamps and flashlights; and lighting solutions and associated light management systems that are used in internal and external architectural lighting, and in event lighting, as well as offers installation and maintenance services for its product portfolio. The company offers its products primarily under the OSRAM, SYLVANIA, SYLVANIA Lighting Solutions, Siteco, Traxon, Clay Paky, and LUX365 brand names. 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.

Details
Name: OSRAM Licht AG
OSR
Exchange: XTRA
Founded: 1906
€5,591,186,138
96,399,761
Website: http://www.osram-licht.com
Address: OSRAM Licht AG
Marcel-Breuer-Strasse 6,
Munich,
Bavaria, 80807,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA OSR Ordinary Registered Shares XETRA Trading Platform DE EUR 08. Jul 2013
OTCPK OSAG.F Ordinary Registered Shares Pink Sheets LLC US USD 08. Jul 2013
DB OSR Ordinary Registered Shares Deutsche Boerse AG DE EUR 08. Jul 2013
LSE 0QFR Ordinary Registered Shares London Stock Exchange GB EUR 08. Jul 2013
SWX OSR Ordinary Registered Shares SIX Swiss Exchange CH CHF 08. Jul 2013
WBAG OSR Ordinary Registered Shares Wiener Boerse AG AT EUR 08. Jul 2013
BATS-CHIXE OSRD Ordinary Registered Shares BATS 'Chi-X Europe' GB EUR 08. Jul 2013
OTCPK OSAG.Y ADR Pink Sheets LLC US USD 11. Jun 2014
Number of employees
Current staff
Staff numbers
26,600
OSRAM Licht employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date
Company Analysis updated: 2018/04/22 19:39
Last estimates confirmation: 2018/04/17
Last earnings update: 2017/12/31
Last annual earnings update: 2017/09/30


All dates in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.