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Jenoptik

OTCPK:JNPK.F
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JNPK.F
OTCPK
€2B
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Jenoptik AG operates as an integrated photonics company in Germany and internationally. The last earnings update was 93 days ago. More info.


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JNPK.F Share Price and Events
7 Day Returns
0%
OTCPK:JNPK.F
2%
US Electronic
0.5%
US Market
1 Year Returns
-
OTCPK:JNPK.F
1.6%
US Electronic
2%
US Market
JNPK.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Jenoptik (JNPK.F) 0% 0% -0.5% - - -
US Electronic 2% 10.8% 8.4% 1.6% 69.9% 61.6%
US Market 0.5% 6.3% 1.9% 2% 45.1% 40.5%
1 Year Return vs Industry and Market
  • No trading data on JNPK.F.
  • No trading data on JNPK.F.
Price Volatility
JNPK.F
Industry
5yr Volatility vs Market
Related Companies

JNPK.F Value

 Is Jenoptik 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 Jenoptik 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Jenoptik.

OTCPK:JNPK.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:JNPK.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 7.3%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.054 (1 + (1- 30%) (7.57%))
1.11
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.11 * 7.27%)
10.8%

Discounted Cash Flow Calculation for OTCPK:JNPK.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Jenoptik is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:JNPK.F DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (EUR, Millions) 74.94 80.52 85.63 91.07 96.86
Source Analyst x5 Analyst x6 Est @ 6.35% Est @ 6.35% Est @ 6.35%
Present Value
Discounted (@ 10.8%)
67.64 65.59 62.96 60.43 58.01
Present value of next 5 years cash flows €314.62
OTCPK:JNPK.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= €96.86 × (1 + 2.73%) ÷ (10.8% – 2.73%)
€1,233.35
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= €1,233.35 ÷ (1 + 10.8%)5
€738.63
OTCPK:JNPK.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= €314.62 + €738.63
€1,053.26
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,053.26 / 57.24
€18.92
OTCPK:JNPK.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:JNPK.F represents 1.02803x of XTRA:JEN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.02803x
Value per Share
(Listing Adjusted, USD)
= Value per Share (EUR) x Listing Adjustment Factor
= € 18.40 x 1.02803
$18.92
Value per share (USD) From above. $18.92
Current discount Discount to share price of $31.54
= -1 x ($31.54 - $18.92) / $18.92
-66.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Jenoptik 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 Jenoptik's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Jenoptik's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:JNPK.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in EUR €1.43
XTRA:JEN Share Price ** XTRA (2018-11-19) in EUR €30.68
United States of America Electronic Industry PE Ratio Median Figure of 89 Publicly-Listed Electronic Companies 19.85x
United States of America Market PE Ratio Median Figure of 3,046 Publicly-Listed Companies 16.95x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Jenoptik.

OTCPK:JNPK.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:JEN Share Price ÷ EPS (both in EUR)

= 30.68 ÷ 1.43

21.39x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Jenoptik is overvalued based on earnings compared to the US Electronic industry average.
  • Jenoptik is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Jenoptik's expected growth come at a high price?
Raw Data
OTCPK:JNPK.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
7.7%per year
United States of America Electronic Industry PEG Ratio Median Figure of 59 Publicly-Listed Electronic Companies 1.32x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

OTCPK:JNPK.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.39x ÷ 7.7%

2.76x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Jenoptik is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Jenoptik's assets?
Raw Data
OTCPK:JNPK.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in EUR €9.94
XTRA:JEN Share Price * XTRA (2018-11-19) in EUR €30.68
United States of America Electronic Industry PB Ratio Median Figure of 150 Publicly-Listed Electronic Companies 2.04x
United States of America Market PB Ratio Median Figure of 5,122 Publicly-Listed Companies 1.81x
OTCPK:JNPK.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:JEN Share Price ÷ Book Value per Share (both in EUR)

= 30.68 ÷ 9.94

3.09x

* Primary Listing of Jenoptik.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Jenoptik is overvalued based on assets compared to the US Electronic industry average.
X
Value checks
We assess Jenoptik'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. Jenoptik has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

JNPK.F Future Performance

 How is Jenoptik expected to perform in the next 1 to 3 years based on estimates from 7 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
7.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Jenoptik expected to grow at an attractive rate?
  • Jenoptik's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Jenoptik's earnings growth is positive but not above the United States of America market average.
  • Jenoptik's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:JNPK.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:JNPK.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 7.7%
OTCPK:JNPK.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 5.9%
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 18%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:JNPK.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:JNPK.F Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,118 1
2022-12-31 1,055 1
2021-12-31 995 1
2020-12-31 923 119 93 7
2019-12-31 874 107 85 7
2018-12-31 828 105 79 7
OTCPK:JNPK.F Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-09-30 814 119 82
2018-06-30 784 97 83
2018-03-31 774 95 80
2017-12-31 748 96 72
2017-09-30 719 94 62
2017-06-30 706 107 55
2017-03-31 690 103 56
2016-12-31 685 100 54
2016-09-30 674 108 51
2016-06-30 679 102 51
2016-03-31 681 101 48
2015-12-31 669 85 49

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Jenoptik's earnings are expected to grow by 7.7% yearly, however this is not considered high growth (20% yearly).
  • Jenoptik's revenue is expected to grow by 5.9% 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.
Raw Data
OTCPK:JNPK.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Jenoptik Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:JNPK.F Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 1.62 1.76 1.49 7.00
2019-12-31 1.48 1.55 1.40 7.00
2018-12-31 1.37 1.45 1.29 7.00
OTCPK:JNPK.F Past Financials Data
Date (Data in EUR Millions) EPS *
2018-09-30 1.43
2018-06-30 1.45
2018-03-31 1.39
2017-12-31 1.26
2017-09-30 1.09
2017-06-30 0.95
2017-03-31 0.98
2016-12-31 0.94
2016-09-30 0.90
2016-06-30 0.90
2016-03-31 0.83
2015-12-31 0.86

*GAAP earnings excluding extraordinary items.

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.
  • Jenoptik is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Jenoptik'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Jenoptik has a total score of 1/6, 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.

JNPK.F Past Performance

  How has Jenoptik 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 Jenoptik's growth in the last year to its industry (Electronic).
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.
  • Jenoptik's year on year earnings growth rate has been positive over the past 5 years.
  • Jenoptik's 1-year earnings growth exceeds its 5-year average (31.6% vs 14.5%)
  • Jenoptik's earnings growth has not exceeded the US Electronic industry average in the past year (31.6% vs 38.7%).
Earnings and Revenue History
Jenoptik'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.
Raw Data

All data from Jenoptik Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:JNPK.F Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 814.46 82.09 138.38 44.94
2018-06-30 784.22 83.17 137.74 43.87
2018-03-31 774.11 79.58 135.21 43.62
2017-12-31 747.93 72.30 136.63 43.08
2017-09-30 719.03 62.37 135.61 44.67
2017-06-30 706.34 54.53 135.67 43.94
2017-03-31 690.32 55.82 135.61 42.24
2016-12-31 684.77 53.86 131.87 42.30
2016-09-30 673.52 51.35 128.38 41.32
2016-06-30 679.33 51.50 125.74 41.10
2016-03-31 681.03 47.74 125.80 41.25
2015-12-31 668.64 49.40 127.07 41.77
2015-09-30 657.79 45.66 128.96 41.82
2015-06-30 623.15 40.44 126.51 41.54
2015-03-31 599.04 38.78 124.14 40.86
2014-12-31 590.21 38.39 119.23 39.42
2014-09-30 587.91 41.79 117.20 38.97
2014-06-30 599.87 44.72 116.01 39.09
2014-03-31 605.23 44.18 114.23 39.79
2013-12-31 600.30 44.37 113.76 39.84
2013-09-30 594.44 46.83 114.36 39.28
2013-06-30 584.85 47.03 111.75 38.49
2013-03-31 579.31 45.00 109.68 36.90
2012-12-31 585.03 45.56 108.41 35.47
2012-09-30 582.46 39.92 107.71 34.89
2012-06-30 570.84 35.04 106.65 33.70
2012-03-31 556.51 34.42 103.80 32.81

*GAAP earnings excluding extraordinary items.

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.
  • Jenoptik has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Jenoptik used its assets more efficiently than the US Electronic industry average last year based on Return on Assets.
  • Jenoptik has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Jenoptik'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 Electronic 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.
Jenoptik has a total score of 4/6, 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.

JNPK.F Health

 How is Jenoptik'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 Jenoptik's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Jenoptik is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Jenoptik's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Jenoptik'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 3.6x 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.
Raw Data

All data from Jenoptik Company Filings, last reported 4 months ago.

OTCPK:JNPK.F Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 565.31 132.88 117.72
2018-06-30 543.46 133.70 200.64
2018-03-31 543.37 129.10 209.29
2017-12-31 529.93 127.91 197.12
2017-09-30 501.78 127.58 162.91
2017-06-30 485.39 127.61 146.44
2017-03-31 484.31 126.87 149.65
2016-12-31 476.38 124.61 142.51
2016-09-30 457.02 135.90 121.00
2016-06-30 441.11 128.11 89.06
2016-03-31 438.22 127.54 94.14
2015-12-31 435.13 128.78 84.27
2015-09-30 413.51 127.79 37.39
2015-06-30 401.90 149.01 33.13
2015-03-31 401.90 162.52 51.37
2014-12-31 386.59 162.57 69.81
2014-09-30 386.16 120.39 53.31
2014-06-30 372.98 116.37 31.95
2014-03-31 374.89 116.39 57.67
2013-12-31 367.06 116.83 72.25
2013-09-30 348.76 117.27 35.29
2013-06-30 339.05 117.56 36.73
2013-03-31 338.98 117.88 45.91
2012-12-31 330.33 121.13 45.92
2012-09-30 333.90 122.95 44.33
2012-06-30 322.63 123.38 28.41
2012-03-31 318.85 127.65 66.23
  • Jenoptik's level of debt (23.5%) 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 (33.6% vs 23.5% today).
  • Debt is well covered by operating cash flow (89.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 89.4x coverage).
X
Financial health checks
We assess Jenoptik'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 operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Jenoptik has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

JNPK.F Dividends

 What is Jenoptik'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
0.98%
Current annual income from Jenoptik dividends. Estimated to be 1.28% next year.
If you bought $2,000 of Jenoptik shares you are expected to receive $20 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?
  • Jenoptik's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Jenoptik's dividend is below the markets top 25% of dividend payers in United States of America (3.62%).
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.
Raw Data
OTCPK:JNPK.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1997 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:JNPK.F Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 0.41 7.00
2019-12-31 0.38 7.00
2018-12-31 0.35 7.00
OTCPK:JNPK.F Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-03-22 0.300 0.999
2017-03-22 0.250 0.956
2016-03-22 0.220 1.394
2015-03-25 0.200 1.618
2014-03-25 0.200 1.860
2013-03-26 0.180 1.692
2012-08-09 0.150 2.123
2012-03-23 0.150 2.743

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Jenoptik has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Jenoptik only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Jenoptik's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.9x coverage).
X
Income/ dividend checks
We assess Jenoptik's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Jenoptik afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Jenoptik has a total score of 2/6, see the detailed checks below.


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

JNPK.F Management

 What is the CEO of Jenoptik'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
Stefan Traeger
AGE 51
TENURE AS CEO 1.8 years
CEO Bio

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 the areas of legal affairs, strategy, business development and innovation management, communication and marketing, quality and processes, purchasing and supply chain management, auditing, supervision of official bodies, corporate governance, corporate social responsibility, data protection, Shared Services (including safety, health and environmental protection) and as Human Resources Director for personnel. He served as Executive Vice President of Tecan Group Ltd. since 2013 until March, 2017. Dr. Traeger served as Head of the Life Sciences Business Division and Member of Management Board at Tecan Group Ltd. since July 01, 2013 until March, 2017. Dr. Traeger served as Vice President of Leica Microsystems CMS GmbH since 2007 until 2013. He served as Managing Director of Leica Microsystems CMS GmbH since 2008. Dr. Traeger served as Managing Director of Life Science Division of Leica Microsystems at Genetix Limited. He served as a Member of The New Business Development Team of Carl Zeiss Meditec Ag. Previously, he worked in areas and positions of increasing management responsibility for the Zeiss Group. Dr. Traeger received his Ph.D. in physics from University of Hannover, Germany and an MBA from Purdue University, USA.

CEO Compensation
  • Insufficient data for Stefan to compare compensation growth.
  • Insufficient data for Stefan to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Jenoptik management team in years:

1.5
Average Tenure
52.5
Average Age
  • The average tenure for the Jenoptik management team is less than 2 years, this suggests a new team.
Management Team

Hans-Dieter Schumacher

TITLE
CFO & Member of the Executive Board
COMPENSATION
€1M
AGE
55
TENURE
3.8 yrs

Stefan Traeger

TITLE
Chairman of the Executive Board
AGE
51
TENURE
1.8 yrs

Thomas Fritsche

TITLE
Head of Investor Relations

Maria Koller

TITLE
Head of Global Human Resources & Member of the Executive Management Board
AGE
46
TENURE
1.3 yrs

Stefan Stenzel

TITLE
Head of Defense & Civil Systems Div. - Optics & Life Science Segment and Member of Management Board
AGE
54

Henrik Leps

TITLE
Chief Controlling Officer & Member of the Executive Management Board
TENURE
1.1 yrs

Jay Kumler

TITLE
Head of the Optics Business Unit
Board of Directors Tenure

Average tenure of the Jenoptik board of directors in years:

8.2
Average Tenure
  • The tenure for the Jenoptik board of directors is about average.
Board of Directors

Matthias Wierlacher

TITLE
Chairman of the Supervisory Board
COMPENSATION
€111K
AGE
54
TENURE
3.6 yrs

Michael Ebenau

TITLE
Deputy Chairman of Supervisory Board
COMPENSATION
€74K

Heinrich Reimitz

TITLE
Member of Supervisory Board
COMPENSATION
€81K
TENURE
10.8 yrs

Doreen Nowotne

TITLE
Member of Supervisory Board
COMPENSATION
€69K
AGE
46
TENURE
3.6 yrs

Dieter Kröhn

TITLE
Employee Representative Member of Supervisory Board
COMPENSATION
€60K
TENURE
8.2 yrs

Thomas Klippstein

TITLE
Employee Representative Member of Supervisory Board
COMPENSATION
€73K
TENURE
23.1 yrs

Andreas Tünnermann

TITLE
Member of Supervisory Board & Member of Scientific Advisory Council
COMPENSATION
€63K

Günther Tränkle

TITLE
Member of Scientific Advisory Council

Jurgen Petzoldt

TITLE
Member of Scientific Advisory Council

Gerhard Fettweis

TITLE
Member of Scientific Advisory Council
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Jenoptik's management by checking for:
  1. Is the CEO's compensation unreasonable compared to 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. Jenoptik 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.

JNPK.F News

Simply Wall St News

JNPK.F Company Info

Map
Description

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 semiconductor industry, as well as for laser material processing; and optical systems and components for information and communication, security, and defense technologies. It also produces polymer optical and optoelectronic modules and components, as well as integrated solutions for the laser, automotive, and lighting applications. In addition, this division provides original equipment manufacturer solutions for customers in the medical technology and life sciences industries; and diode and thin-disk lasers for ophthalmology, as well as supplies medical technology companies. Its Mobility division offers measurement technology for tactile, optical, and pneumatic inspection of roughness, contour, shape, and the determination of dimensions at various stages of the production process and in the measuring room; consultation, training, and maintenance services; and 3D laser processing machines. This division also provides components, systems, and services covering various aspects of road traffic, including speed and red light monitoring systems, as well as custom solutions for identifying other traffic violations; and system development, construction and installation of the monitoring infrastructure, capturing images of traffic violations and their automatic processing, and toll payment monitoring pillars. The company’s Defense & Civil Systems division offers energy systems, optical sensor systems, stabilization systems, aviation sub systems, and radomes and composites. This division provides mechatronic and sensor products for the civil and military markets. The company was founded in 1846 and is headquartered in Jena, Germany.

Details
Name: Jenoptik AG
JNPK.F
Exchange: OTCPK
Founded: 1846
€1,982,462,597
57,238,115
Website: http://www.jenoptik.com
Address: Jenoptik AG
Carl-Zeiss-Strasse 1,
Jena,
Thuringia, 07743,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA JEN Bearer Shares XETRA Trading Platform DE EUR 16. Jun 1998
OTCPK JNPK.F Bearer Shares Pink Sheets LLC US USD 16. Jun 1998
DB JEN Bearer Shares Deutsche Boerse AG DE EUR 16. Jun 1998
LSE 0ZPV Bearer Shares London Stock Exchange GB EUR 16. Jun 1998
SWX JEN Bearer Shares SIX Swiss Exchange CH CHF 16. Jun 1998
WBAG JEN Bearer Shares Wiener Boerse AG AT EUR 16. Jun 1998
BATS-CHIXE JEND Bearer Shares BATS 'Chi-X Europe' GB EUR 16. Jun 1998
DB JEN NPV Deutsche Boerse AG DE EUR 14. Feb 2019
SWX JEN NPV SIX Swiss Exchange CH CHF 14. Feb 2019
WBAG JEN NPV Wiener Boerse AG AT EUR 14. Feb 2019
Number of employees
Current staff
Staff numbers
3,984
Jenoptik employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/14 00:29
End of day share price update: 2018/11/19 00:00
Last estimates confirmation: 2019/02/13
Last earnings filing: 2018/11/13
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times 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.