Jenoptik AG engages in the optics and photonics business in Germany and internationally. More Details
Adequate balance sheet with moderate growth potential.
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 not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: JEN's weekly volatility (6%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: JEN exceeded the German Electronic industry which returned 31% over the past year.
Return vs Market: JEN exceeded the German Market which returned 24.9% over the past year.
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
3 days ago | Simply Wall StIs Jenoptik (ETR:JEN) Using Too Much Debt?
2 weeks ago | Simply Wall StIs It Too Late To Consider Buying Jenoptik AG (ETR:JEN)?
1 month ago | Simply Wall StWhat You Need To Know About Jenoptik AG's (ETR:JEN) Investor Composition
Is Jenoptik undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: JEN (€28.94) is trading above our estimate of fair value (€26.33)
Significantly Below Fair Value: JEN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: JEN is poor value based on its PE Ratio (39.5x) compared to the German Electronic industry average (27.8x).
PE vs Market: JEN is poor value based on its PE Ratio (39.5x) compared to the German market (25.1x).
Price to Earnings Growth Ratio
PEG Ratio: JEN is poor value based on its PEG Ratio (2.2x)
Price to Book Ratio
PB vs Industry: JEN is overvalued based on its PB Ratio (2.6x) compared to the DE Electronic industry average (2.4x).
How is Jenoptik forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: JEN's forecast earnings growth (18% per year) is above the savings rate (0.01%).
Earnings vs Market: JEN's earnings (18% per year) are forecast to grow faster than the German market (13.6% per year).
High Growth Earnings: JEN's earnings are forecast to grow, but not significantly.
Revenue vs Market: JEN's revenue (6.4% per year) is forecast to grow faster than the German market (5.9% per year).
High Growth Revenue: JEN's revenue (6.4% 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 (10.7%).
How has Jenoptik performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: JEN has a large one-off loss of €17.3M impacting its March 31 2021 financial results.
Growing Profit Margin: JEN's current net profit margins (6%) are lower than last year (6.8%).
Past Earnings Growth Analysis
Earnings Trend: JEN's earnings have grown by 0.3% 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 (-18.8%) over the past year, making it difficult to compare to the Electronic industry average (1.2%).
Return on Equity
High ROE: JEN's Return on Equity (6.7%) is considered low.
How is Jenoptik's financial position?
Financial Position Analysis
Short Term Liabilities: JEN's short term assets (€634.6M) exceed its short term liabilities (€445.9M).
Long Term Liabilities: JEN's short term assets (€634.6M) exceed its long term liabilities (€339.5M).
Debt to Equity History and Analysis
Debt Level: JEN's debt to equity ratio (48%) is considered high.
Reducing Debt: JEN's debt to equity ratio has increased from 29.1% to 48% over the past 5 years.
Debt Coverage: JEN's debt is well covered by operating cash flow (25.6%).
Interest Coverage: JEN's interest payments on its debt are well covered by EBIT (19.6x coverage).
What is Jenoptik current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: JEN's dividend (0.86%) isn’t notable compared to the bottom 25% of dividend payers in the German market (0.99%).
High Dividend: JEN's dividend (0.86%) is low compared to the top 25% of dividend payers in the German market (3.17%).
Stability and Growth of Payments
Stable Dividend: JEN has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: JEN's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (34.1%), JEN's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: JEN's dividends in 3 years are forecast to be well covered by earnings (25.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Stefan Traeger (54 yo)
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 ($USD1.57M) is about average for companies of similar size in the German market ($USD1.56M).
Compensation vs Earnings: Stefan's compensation has been consistent with company performance over the past year.
Experienced Management: JEN's management team is considered experienced (3.9 years average tenure).
Experienced Board: JEN's board of directors are considered experienced (6.6 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Jenoptik AG's company bio, employee growth, exchange listings and data sources
- Name: Jenoptik AG
- Ticker: JEN
- Exchange: XTRA
- Founded: 1846
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: €1.660b
- Shares outstanding: 57.24m
- Website: https://www.jenoptik.com
Number of Employees
- Jenoptik AG
- Carl-Zeiss-Strasse 1
Jenoptik AG engages in the optics and photonics business in Germany and internationally. The company operates through Light & Optics, Light & Production, and Light & Safety divisions. It offers automation ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/07/29 20:57|
|End of Day Share Price||2021/07/29 00:00|
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.