ams-OSRAM (AMS) AI Stock Analysis

• Market Cap: $776.40M
• Dividend Yield: N/A
• Average Volume (3M): 634.78K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.87
• Revenue Growth: -3.98%
• EPS Growth: 95.78%
• Country: CH
• Employees: 19,700
• Sector: Technology
• Sector Strength: 84
• Industry: Semiconductors
• EPS (TTM): -0.22
• Shares Outstanding: 99,844,390
• 10 Day Avg. Volume: 532,964
• 30 Day Avg. Volume: 634,779
• PEG Ratio: -0.06
• Price to Book (P/B): 0.75
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -18.56
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $9.85
• Price Target Upside: 12.75% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8

• Rating: 51 Neutral
• Price Target: CHF7.50 ▼(-14.19%Downside)

ams-OSRAM's overall stock score reflects significant financial challenges and valuation concerns, partially offset by strategic improvements and neutral technical indicators. The financial performance is the most impactful factor, with ongoing losses and high leverage posing substantial risks. The earnings call provided some positive insights, but the lack of dividend yield and negative P/E ratio weigh heavily on the stock's attractiveness.

Positive Factors

Earnings

Q4 results were above consensus with a beat on adjusted EBITDA.

Financial Performance

Growth is expected in the second half of the year with positive free cash flow over €100m.

Financial Strategy

Disposals are expected to raise the margin and cash flow profile into 2025.

Negative Factors

Demand Environment

The ongoing weak demand environment in auto and industrial applications negatively impacts Ams-Osram's semiconductor business.

Earnings Forecast

Reduced earnings forecasts have led to a decrease in the price target from CHF 15.00 to CHF 9.50.

Inventory Management

Inventory corrections in the industrial business are likely to continue, impacting future performance.

ams-OSRAM Business Overview & Revenue Model

Company Description

ams-OSRAM AG designs, manufactures, and sells LED and optical sensor solutions in Europe, the Middle East, Africa, the Americas, and the Asia/Pacific. The company operates through Semiconductor and Lamps & Systems segments. The Semiconductor segment offers semiconductor-based products and solutions, such as LEDs, lasers, and optical and image sensors for automotive, consumer, and industrial end markets. The Lamps & Systems segment provides lamps and lighting systems, such as spectral sensing, ambient and smart lighting, horticulture lighting, time-of-flight, presence detection, near-infrared, human-centric lighting, outdoor and indoor lighting solutions for automotive, industrial, and medical end markets. The company was formerly known as ams AG and changed its name to ams-OSRAM AG in January 2022. ams-OSRAM AG was founded in 1981 and is headquartered in Premstätten, Austria.

How the Company Makes Money

ams-OSRAM makes money through the sale of its wide range of sensor solutions and optoelectronic products. Key revenue streams include the automotive sector, where the company provides advanced lighting and sensing solutions; the consumer electronics sector, supplying sensors for smartphones and wearable devices; and the industrial and medical sectors, offering components for automation and healthcare technology. The company also benefits from strategic partnerships and collaborations that expand its market reach and technological capabilities. Revenue is primarily generated through product sales, with additional income from licensing agreements and research and development services.

ams-OSRAM Financial Statement Overview

Summary

ams-OSRAM faces substantial financial challenges, highlighted by declining revenues, persistent net losses, and high leverage. While the company has shown some improvement in cash flow and efforts toward deleveraging, profitability remains a significant concern. The semiconductor industry is experiencing rapid changes, and ams-OSRAM must enhance its operational efficiency and financial stability to navigate these challenges effectively.

Income Statement

The income statement reveals a challenging environment for ams-OSRAM, with declining revenue and persistent net losses. The TTM gross profit margin stands at 24.92%, which is relatively stable compared to prior periods, but the company is struggling with negative net profit margins, currently at -4.61% TTM. Revenue growth is negative, with a decrease of approximately 6.26% compared to the previous year. Additionally, EBIT and EBITDA margins have shown signs of improvement but remain a concern due to ongoing losses.

Balance Sheet

The balance sheet highlights a high debt burden with a debt-to-equity ratio of 1.89 TTM, indicating significant leverage. However, the company's equity ratio is relatively low at 17.62% TTM, suggesting a modest level of financial stability. Return on Equity (ROE) is negative, reflecting ongoing profitability challenges. Despite these concerns, the reduction in total liabilities year-over-year signals some efforts toward deleveraging.

Cash Flow

Cash flow analysis shows volatility, with the TTM free cash flow remaining negative at -44 million. The operating cash flow to net income ratio is negative due to ongoing losses, while the free cash flow to net income ratio demonstrates the company's struggle to convert earnings into cash. The free cash flow growth rate is positive compared to the previous period, indicating some improvement in cash generation, although capital expenditures remain significant.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
3.40B	3.43B	3.59B	4.82B	5.04B	3.50B
	Gross Profit
848.00M	857.00M	840.00M	1.26B	1.44B	1.03B
	EBIT
71.00M	-547.00M	-1.43B	-323.00M	-26.00M	2.00M
	EBITDA
545.00M	462.00M	471.00M	855.00M	938.00M	613.00M
	Net Income Common Stockholders
-157.00M	-786.00M	-1.61B	-443.00M	-32.00M	-90.00M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
644.00M	1.12B	1.15B	1.11B	1.34B	1.62B
	Total Assets
6.18B	6.90B	7.40B	8.83B	9.64B	9.96B
	Total Debt
2.06B	2.69B	2.67B	3.02B	3.40B	3.59B
	Net Debt
1.48B	1.59B	1.52B	1.93B	2.06B	2.00B
	Total Liabilities
5.09B	5.67B	5.50B	6.00B	6.49B	6.94B
	Stockholders Equity
1.09B	1.23B	1.90B	2.83B	3.14B	3.09B
Cash Flow		Free Cash Flow
-44.00M	-67.00M	-375.00M	62.00M	482.00M	525.00M
	Operating Cash Flow
390.00M	435.00M	674.00M	599.00M	792.00M	702.00M
	Investing Cash Flow
-348.00M	-424.00M	-826.00M	-183.00M	-560.00M	-1.49B
	Financing Cash Flow
-556.00M	-98.00M	245.00M	-726.00M	-534.00M	1.95B

ams-OSRAM Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8.74
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:AMS, the sentiment is Positive. The current price of 8.74 is above the 20-day moving average (MA) of 7.93, above the 50-day MA of 7.24, and above the 200-day MA of 7.98, indicating a bullish trend. The MACD of 0.31 indicates Negative momentum. The RSI at 64.76 is Neutral, neither overbought nor oversold. The STOCH value of 91.39 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:AMS.

ams-OSRAM Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62 Neutral	$11.80B	10.31	-7.45%	2.91%	7.43%	-7.78%
AMS	51 Neutral	$776.40M	―	-13.29%	―	-3.98%	95.78%
LOGI		$12.74B	20.62	28.96%	1.56%	―	―
TMNSF		$5.08B	41.97	18.34%	1.94%	―	―
UBLXF		$843.08M	―	-24.38%	1.00%	―	―
SWON		CHF1.15B	―		4.04%	―	―

ams-OSRAM Corporate Events

ams-OSRAM AG Announces 2025 Ordinary General Meeting

ams-OSRAM AG has announced the convening of its Ordinary General Meeting for June 26, 2025, where shareholders will discuss and vote on several key resolutions, including financial statements, remuneration policies, and the introduction of new authorized capital. This meeting is significant as it will address the company’s strategic financial decisions and governance, potentially impacting its market positioning and shareholder value.

The most recent analyst rating on (CH:AMS) stock is a Hold with a CHF25.00 price target. To see the full list of analyst forecasts on ams-OSRAM stock, see the CH:AMS Stock Forecast page.

ams OSRAM Announces 2025 General Meeting Proposals

ams OSRAM has announced the proposals for its 2025 General Meeting, including a resolution on a 10% Authorized Capital 2025 and a share buyback authorization. These proposals aim to enhance the company’s capital management and shareholder value, potentially impacting its market positioning and stakeholder interests.

The most recent analyst rating on (CH:AMS) stock is a Hold with a CHF25.00 price target. To see the full list of analyst forecasts on ams-OSRAM stock, see the CH:AMS Stock Forecast page.

ams OSRAM Exceeds Q1 Expectations and Plans Debt Reduction

ams OSRAM reported strong Q1 2025 financial results, with revenue of €820 million and an adjusted EBITDA margin of 16.4%, surpassing expectations. The company is implementing strategic measures to accelerate debt reduction, including potential business unit sales, aiming to improve its financial structure and reduce interest costs, despite economic uncertainties and new US tariff impacts.

ams OSRAM Publishes 2024 Annual and Sustainability Report

ams OSRAM has released its 2024 annual report, which for the first time includes a sustainability report, reflecting the company’s commitment to societal megatrends such as digitalization, smart living, and sustainability. This publication marks a significant step in the company’s operations, potentially enhancing its industry positioning and stakeholder engagement by aligning with global sustainability goals.