XTRA:JEN

Stock Analysis Report

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Market Cap

€1.7b

Last Updated

2021/07/27 21:41 UTC

Data Sources

Company Financials +

Executive Summary

Jenoptik AG engages in the optics and photonics business in Germany and internationally. More Details


Snowflake Analysis

Adequate balance sheet with moderate growth potential.


Similar Companies

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.


Market Performance


7 Day Return

4.3%

JEN

1.4%

DE Electronic

0.7%

DE Market


1 Year Return

26.4%

JEN

28.8%

DE Electronic

24.2%

DE Market

Return vs Industry: JEN underperformed the German Electronic industry which returned 28.9% over the past year.

Return vs Market: JEN exceeded the German Market which returned 24.8% over the past year.


Shareholder returns

JENIndustryMarket
7 Day4.3%1.4%0.7%
30 Day21.1%3.0%-0.4%
90 Day8.0%2.5%1.9%
1 Year28.4%26.4%29.9%28.8%28.1%24.2%
3 Year-14.8%-17.2%7.2%1.7%27.8%17.2%
5 Year98.6%89.6%115.0%102.8%56.2%34.8%

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

Valuation

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

38.82x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: JEN (€28.46) is trading above our estimate of fair value (€26.37)

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 (38.8x) compared to the German Electronic industry average (33.2x).

PE vs Market: JEN is poor value based on its PE Ratio (38.8x) compared to the German market (25.8x).


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 (2.5x) compared to the DE Electronic industry average (2.4x).


Future Growth

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

18.0%

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 (5.8% 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%).


Past Performance

How has Jenoptik performed over the past 5 years?

0.3%

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.


Financial Health

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).


Balance Sheet


Dividend

What is Jenoptik current dividend yield, its reliability and sustainability?

0.88%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: JEN's dividend (0.88%) isn’t notable compared to the bottom 25% of dividend payers in the German market (0.96%).

High Dividend: JEN's dividend (0.88%) is low compared to the top 25% of dividend payers in the German market (3.15%).


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).


Next Steps

Management

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

3.9yrs

Average management tenure


CEO

Stefan Traeger (54 yo)

4.17yrs

Tenure

€1,319,822

Compensation

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 ($USD1.56M) is about average for companies of similar size in the German market ($USD1.62M).

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


Leadership Team

Experienced Management: JEN's management team is considered experienced (3.9 years average tenure).


Board Members

Experienced Board: JEN's board of directors are considered experienced (7.3 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

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


Key Information

  • Name: Jenoptik AG
  • Ticker: JEN
  • Exchange: XTRA
  • Founded: 1846
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: €1.654b
  • Shares outstanding: 57.24m
  • Website: https://www.jenoptik.com

Number of Employees


Location

  • Jenoptik AG
  • Carl-Zeiss-Strasse 1
  • Jena
  • Thuringia
  • 7743
  • Germany

Listings


Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/27 21:41
End of Day Share Price2021/07/27 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.