Jenoptik AG

LSE:0ZPV Stock Report

Market Cap: €1.2b

Jenoptik Valuation

Is 0ZPV undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0ZPV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0ZPV (€20.96) is trading below our estimate of fair value (€45)

Significantly Below Fair Value: 0ZPV is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0ZPV?

Key metric: As 0ZPV is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0ZPV. This is calculated by dividing 0ZPV's market cap by their current earnings.
What is 0ZPV's PE Ratio?
PE Ratio14.2x
Earnings€84.49m
Market Cap€1.20b

Price to Earnings Ratio vs Peers

How does 0ZPV's PE Ratio compare to its peers?

The above table shows the PE ratio for 0ZPV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.9x
OXIG Oxford Instruments
23.1x10.2%UK£1.2b
BIG Big Technologies
31.9x26.9%UK£399.6m
RSW Renishaw
23.5x12.6%UK£2.3b
SXS Spectris
9.1x-22.7%UK£2.5b
0ZPV Jenoptik
14.2x12.3%€1.2b

Price-To-Earnings vs Peers: 0ZPV is good value based on its Price-To-Earnings Ratio (14.2x) compared to the peer average (21.9x).

Price to Earnings Ratio vs Industry

How does 0ZPV's PE Ratio compare vs other companies in the European Electronic Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0ZPV 14.2xIndustry Avg. 17.8xNo. of Companies18PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0ZPV is good value based on its Price-To-Earnings Ratio (14.2x) compared to the European Electronic industry average (17.8x).

Price to Earnings Ratio vs Fair Ratio

What is 0ZPV's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0ZPV PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.2x
Fair PE Ratio24.6x

Price-To-Earnings vs Fair Ratio: 0ZPV is good value based on its Price-To-Earnings Ratio (14.2x) compared to the estimated Fair Price-To-Earnings Ratio (24.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0ZPV forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€20.96
€31.36
+49.6%
17.1%€39.00€20.60n/a10
Nov ’25€21.66
€35.30
+63.0%
13.3%€45.00€26.00n/a10
Oct ’25€27.73
€35.20
+26.9%
10.2%€40.00€28.00n/a10
Sep ’25€28.18
€35.20
+24.9%
10.2%€40.00€28.00n/a10
Aug ’25€26.18
€35.20
+34.4%
10.2%€40.00€28.00n/a10
Jul ’25€26.70
€35.30
+32.2%
10.1%€40.00€28.00n/a10
Jun ’25€27.27
€35.30
+29.4%
10.1%€40.00€28.00n/a10
May ’25€25.38
€35.30
+39.1%
10.1%€40.00€28.00n/a10
Apr ’25€29.01
€35.30
+21.7%
10.1%€40.00€28.00n/a10
Mar ’25€29.50
€34.60
+17.3%
10.0%€40.00€28.00n/a10
Feb ’25€29.44
€34.60
+17.5%
10.0%€40.00€28.00n/a10
Jan ’25€28.40
€34.20
+20.4%
10.9%€40.00€28.00n/a10
Dec ’24€25.72
€33.90
+31.8%
10.5%€40.00€28.00n/a10
Nov ’24€22.35
€34.40
+53.9%
11.0%€42.00€28.00€21.6610
Oct ’24€23.88
€34.80
+45.7%
9.4%€42.00€30.00€27.7310
Sep ’24€26.77
€35.20
+31.5%
9.7%€42.00€30.00€28.1810
Aug ’24€29.18
€35.40
+21.3%
9.6%€42.00€30.00€26.1810
Jul ’24€31.47
€34.90
+10.9%
12.5%€42.00€25.00€26.7010
Jun ’24€31.31
€34.90
+11.5%
12.5%€42.00€25.00€27.2710
May ’24€28.88
€34.50
+19.4%
13.4%€42.00€25.00€25.3810
Apr ’24€31.59
€34.50
+9.2%
13.4%€42.00€25.00€29.0110
Mar ’24€33.03
€33.60
+1.7%
15.1%€42.00€25.00€29.5010
Feb ’24€28.55
€30.70
+7.5%
17.7%€39.00€22.00€29.4410
Jan ’24€25.70
€30.30
+17.9%
18.1%€39.00€22.00€28.4010
Dec ’23€26.68
€29.70
+11.3%
20.2%€39.00€22.00€25.7210
Nov ’23€22.58
€29.70
+31.5%
20.2%€39.00€22.00€22.3510

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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