OTCPK:JNPK.F

Stock Analysis Report

Executive Summary

Jenoptik AG operates as an integrated photonics company in Germany and internationally.

Snowflake

Fundamentals

Flawless balance sheet with acceptable track record.


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


Market Performance


7 Day Return

n/a

JNPK.F

1.1%

US Electronic

1.3%

US Market


1 Year Return

n/a

JNPK.F

10.2%

US Electronic

5.9%

US Market

Return vs Industry: Insufficient data to determine how JNPK.F performed against the US Electronic industry.

Return vs Market: Insufficient data to determine how JNPK.F performed against the US Market.


Shareholder returns

JNPK.FIndustryMarket
7 Dayn/a1.1%1.3%
30 Dayn/a-2.5%-1.9%
90 Dayn/a0.3%-1.8%
1 Yearn/a11.3%10.2%8.3%5.9%
3 Yearn/a52.5%48.2%45.6%36.2%
5 Yearn/a89.0%79.9%66.1%47.9%

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

No news available

Valuation

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

17.05x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: JNPK.F ($25.7) is trading above our estimate of fair value ($24.34)

Significantly Undervalued: JNPK.F is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: JNPK.F is good value based on its PE Ratio (17x) compared to the Electronic industry average (19x).

PE vs Market: JNPK.F is good value based on its PE Ratio (17x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

Low PEG Ratio: JNPK.F is poor value based on its PEG Ratio (2.2x)


Price to Book Ratio

PB vs Industry: JNPK.F is overvalued based on its PB Ratio (2.2x) compared to the US Electronic industry average (2x).


Next Steps

  • Explore potentially undervalued companies in the Tech industry.

Future Growth

How is Jenoptik forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

7.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JNPK.F's forecast earnings growth (7.7% per year) is above the savings rate (2.7%).

Earnings vs Market: JNPK.F's earnings (7.7% per year) are forecast to grow slower than the US market (14.4% per year).

High Growth Earnings: JNPK.F's earnings are forecast to grow, but not significantly.

Revenue vs Market: JNPK.F's revenue (3.2% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: JNPK.F's revenue (3.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: JNPK.F's Return on Equity is forecast to be low in 3 years time (11.4%).


Next Steps

Past Performance

How has Jenoptik performed over the past 5 years?

17.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: JNPK.F's earnings have grown by 17.3% per year over the past 5 years.

Accelerating Growth: JNPK.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: JNPK.F had negative earnings growth (-6.2%) over the past year, making it difficult to compare to the Electronic industry average (58.6%).


Return on Equity

High ROE: JNPK.F's Return on Equity (13.1%) is considered low.


Return on Assets

ROA vs Industry: JNPK.F has a higher Return on Assets than the Electronic industry average last year.


Return on Capital Employed

ROCE Improving: JNPK.F has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Jenoptik's financial position?


Financial Position Analysis

Short Term Liabilities: JNPK.F's short term assets (€472.8M) exceeds its short term liabilities (€234.1M)

Long Term Liabilities: JNPK.F's short term assets (472.8M) exceeds its long term liabilities (191.4M)


Debt to Equity History and Analysis

Debt Level: JNPK.F's debt to equity ratio (16.7%) is considered satisfactory

Reducing Debt: JNPK.F's debt to equity ratio has reduced from 31.2% to 16.7% over the past 5 years.

Debt Coverage: JNPK.F's debt is well covered by operating cash flow (91.7%).

Interest Coverage: JNPK.F's interest payments on its debt are well covered by EBIT (25.4x coverage).


Balance Sheet

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

Debt Coverage by Assets: JNPK.F's debt is covered by short term assets (assets are 4.748310x debt).


Next Steps

Dividend

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

1.50%

Current Dividend Yield


Dividend Yield vs Market

company1.5%marketbottom25%1.5%markettop25%3.8%industryaverage1.6%forecastin3Years1.7%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: JNPK.F's dividend (1.5%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: JNPK.F's dividend (1.5%) is low compared to the top 25% of dividend payers in the US market (3.77%).

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

Growing Dividend: JNPK.F's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (25.6%), JNPK.F's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: JNPK.F's dividends in 3 years are forecast to be well covered by earnings (28% payout ratio).


Next Steps

Management

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

2.2yrs

Average management tenure


CEO

Stefan Traeger (52yo)

2.4yrs

Tenure

€1,660,894

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: Insufficient data to establish whether Stefan's total compensation is reasonable compared to companies of similar size in the US market.

Compensation vs Earnings: Stefan's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

2.2yrs

Average Tenure

51.5yo

Average Age

Experienced Management: JNPK.F's management team is considered experienced (2.2 years average tenure).


Board Age and Tenure

10.2yrs

Average Tenure

Experienced Board: JNPK.F's board of directors are seasoned and experienced ( 10.2 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

  • Jay Kumler

    Head of the Optics Business Unit

    • Tenure: 0yrs
  • Stefan Stenzel (55yo)

    Head of VINCORION Division

    • Tenure: 0yrs
  • Stefan Traeger (52yo)

    Chairman of the Executive Board

    • Tenure: 2.4yrs
    • Compensation: €1.66m
  • Hans-Dieter Schumacher (56yo)

    CFO & Member of the Executive Board

    • Tenure: 4.5yrs
    • Compensation: €1.22m
  • Martin Kuhnhen (50yo)

    Head of Light & Production Division

    • Tenure: 0yrs
  • Thomas Fritsche

    Head of Investor Relations

    • Tenure: 0yrs
  • Maria Koller (47yo)

    Head of Global Human Resources

    • Tenure: 1.9yrs
  • Kevin Chevis

    Head of Light & Safety Division

    • Tenure: 0yrs
  • Ralf Kuschnereit (51yo)

    Head of Light & Optics Division

    • Tenure: 0yrs
  • Steffen Müller

    Vice President of Corporate Development and M&A

    • Tenure: 1.1yrs

Board Members

  • Matthias Wierlacher (56yo)

    Chairman of the Supervisory Board

    • Tenure: 4.3yrs
    • Compensation: €126.90k
  • Doreen Nowotne (47yo)

    Member of Supervisory Board

    • Tenure: 4.3yrs
    • Compensation: €84.80k
  • Dieter Kröhn

    Employee Representative Member of Supervisory Board

    • Tenure: 8.8yrs
    • Compensation: €60.50k
  • Thomas Klippstein

    Employee Representative Member of Supervisory Board

    • Tenure: 23.8yrs
    • Compensation: €79.70k
  • Andreas Tünnermann

    Member of Supervisory Board & Member of Scientific Advisory Council

    • Tenure: 12.3yrs
    • Compensation: €61.70k
  • Günther Tränkle

    Member of Scientific Advisory Council

    • Tenure: 0yrs
  • Jurgen Petzoldt

    Member of Scientific Advisory Council

    • Tenure: 0yrs
  • Gerhard Fettweis

    Member of Scientific Advisory Council

    • Tenure: 0yrs
  • Michael Ebenau

    Employee Representative Deputy Chairman of Supervisory Board

    • Tenure: 0yrs
    • Compensation: €91.50k
  • Heinrich Reimitz

    Member of Supervisory Board

    • Tenure: 11.5yrs
    • Compensation: €82.10k

Company Information

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


Key Information

  • Name: Jenoptik AG
  • Ticker: JNPK.F
  • Exchange: OTCPK
  • Founded: 1846
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: €1.334b
  • Listing Market Cap: €1.470b
  • Shares outstanding: 57.24m
  • Website: https://www.jenoptik.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JENDB (Deutsche Boerse AG)NPVDEEURNo data
JENSWX (SIX Swiss Exchange)NPVCHCHFNo data
JENWBAG (Wiener Boerse AG)NPVATEURNo data
JENDB (Deutsche Boerse AG)YesBearer SharesDEEURJun 1998
JENXTRA (XETRA Trading Platform)YesBearer SharesDEEURJun 1998
0ZPVLSE (London Stock Exchange)YesBearer SharesGBEURJun 1998
JNPK.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDJun 1998
JENDBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURJun 1998
JENSWX (SIX Swiss Exchange)YesBearer SharesCHCHFJun 1998
JENWBAG (Wiener Boerse AG)YesBearer SharesATEURJun 1998

Biography

Jenoptik AG operates as an integrated photonics company in Germany and internationally. The company's Opticals & Life Science division develops and manufactures micro-optics for beam shaping for use in the ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 23:59
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.