Jenoptik (JEN) AI Stock Analysis

• Market Cap: €1.09B
• Dividend Yield: 1.99%
• Average Volume (3M): 206.28K
• Price to Earnings (P/E): 12.6
• Beta (1Y): 1.70
• Revenue Growth: 1.39%
• EPS Growth: 13.98%
• Country: DE
• Employees: 4,071
• Sector: Industrials
• Sector Strength: 94
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 0.17
• Shares Outstanding: 57,238,117
• 10 Day Avg. Volume: 163,997
• 30 Day Avg. Volume: 206,279
• PEG Ratio: 1.22
• Price to Book (P/B): 1.20
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 16.27
• 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: €26.33
• Price Target Upside: 37.64% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7

• Rating: 73 Outperform
• Price Target: €21.50 ▲(12.39%Upside)

Jenoptik shows a solid financial performance, driven by robust revenue growth and effective cash flow management. Technical analysis presents mixed signals with moderate momentum, while valuation metrics indicate the stock is reasonably priced. The lack of earnings call insights and notable corporate events limits further assessment.

Positive Factors

Future Outlook

Jenoptik confirms its guidance and expects an upturn in the second half of the year.

Technology Products

A favorable view is maintained on Jenoptik's technology-intensive products.

Negative Factors

Business Performance

Jenoptik published weak Q1 figures, with Q1 sales coming in at only €342.6m, a 4.9% decrease year over year.

Semiconductor Business

The Semiconductor & Advanced Manufacturing business was down 15% in Q1, significantly impacting the company's performance.

Jenoptik Business Overview & Revenue Model

Company Description

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 imaging solutions and cameras, including microscope and thermographic camera, imaging modules, polymer-based camera modules, and digital microscope subsystem; laser and laser technology, such as laser ablation, scoring, cutting, welding, and distance meters and sensors, as well as laser OEM solutions comprising diode laser and disk laser technology, diode pumped disk lasers, laser systems, and LK heat sink; and optical modules and components for light detection and ranging sensors. The company also provides optics and optical systems, including objective lenses for laser material processing, system partner for optics, customized and standardized objective lenses, optical measuring systems, and precision optical components; optical shaft measuring systems, optical 3D measurement technology, optical in-line inspection, vision-systems, and ultra-fast opto-electronic probe card; and optoelectronics and optoelectronic systems comprising system partner for optoelectronic systems, customized-specific optoelectronic systems, optoelectronics assemblies and subsystems, light modulation, and photodiodes and LEDs. In addition, it offers road safety solutions, such as speed enforcement, average speed cameras, red light cameras, evaluation software, and traffic services; and civil security solutions, including automatic number plate recognition and data analysis software, border security, combating organized crime, protecting public places, and monitoring suspect vehicles. The company serves automotive, defense and security, electronics and information technology, healthcare and life science, industry and mechanical engineering, semiconductor equipment, and public safety sectors. Jenoptik AG was founded in 1846 and is headquartered in Jena, Germany.

How the Company Makes Money

Jenoptik generates revenue through the design, manufacturing, and sale of advanced optical and photonics systems, which are integral to various high-tech industries. Key revenue streams include the sale of products and systems in its Light & Optics segment for applications like semiconductor manufacturing and healthcare; the Light & Production segment, which provides metrology and laser processing solutions for automotive and machinery industries; and the Light & Safety segment, offering traffic safety and public security solutions. Significant partnerships with industry leaders and consistent investment in research and development further bolster Jenoptik's market position and earnings by driving innovation and expanding their technological capabilities.

Jenoptik Financial Statement Overview

Summary

Jenoptik demonstrates robust revenue growth and effective cash flow management, contributing to its solid financial standing. The company maintains a stable gross profit margin and a strong equity base, though it should keep an eye on its debt levels to prevent potential risks. Overall, the financials suggest positive performance with areas to watch for maintaining long-term growth.

Income Statement

The income statement shows strong revenue growth with a notable increase of 4.68% from 2023 to 2024. Gross profit margins have remained stable, suggesting efficient cost control. However, EBIT margin is zero for 2024 due to EBIT not being recorded, which impacts overall profitability metrics negatively. The consistent increase in EBITDA margin indicates robust operating performance.

Balance Sheet

The balance sheet reflects a solid equity position with a high equity ratio of over 55% in 2024, indicating financial stability. However, the debt-to-equity ratio is moderately high, which could pose risks if revenue growth stalls. Overall, the company appears well-capitalized but should monitor leverage levels.

Cash Flow

Cash flow analysis reveals a stable free cash flow generation, although there was a slight decline in free cash flow in 2024 compared to 2023. The operating cash flow to net income ratio is strong, indicating efficient cash conversion from operations. The free cash flow to net income ratio shows sufficient cash generation to cover profits.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.12B	1.07B	980.68M	750.72M	615.47M
Gross Profit	373.15M	370.52M	310.72M	256.90M	262.19M
EBITDA	220.69M	198.69M	173.60M	162.69M	99.06M
Net Income	92.65M	72.47M	55.10M	82.00M	41.77M
Balance Sheet
Total Assets	1.74B	1.67B	1.67B	1.76B	1.34B
Cash, Cash Equivalents and Short-Term Investments	86.74M	67.69M	59.09M	57.14M	69.31M
Total Debt	481.12M	490.76M	536.78M	597.74M	269.28M
Total Liabilities	772.81M	763.60M	828.46M	976.38M	649.45M
Stockholders Equity	960.34M	896.59M	831.95M	767.81M	677.77M
Cash Flow
Free Cash Flow	73.12M	77.93M	63.46M	51.87M	46.04M
Operating Cash Flow	167.12M	166.99M	142.71M	98.03M	89.75M
Investing Cash Flow	-88.03M	-48.48M	-13.41M	-413.62M	-188.44M
Financing Cash Flow	-62.38M	-104.94M	-127.33M	304.20M	63.72M

Jenoptik Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 19.13
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:JEN, the sentiment is Negative. The current price of 19.13 is below the 20-day moving average (MA) of 19.71, below the 50-day MA of 19.25, and below the 200-day MA of 20.55, indicating a bearish trend. The MACD of 0.15 indicates Positive momentum. The RSI at 44.94 is Neutral, neither overbought nor oversold. The STOCH value of 28.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:JEN.

Jenoptik Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JEN	73 Outperform	€1.09B	12.64	9.13%	1.99%	1.39%	13.98%
Sector *	67 Neutral	£2.83B	10.43	4.69%	215.18%	2.73%	-20.52%
0E3F	―	€84.63M	14.80	3.76%	3.31%	―	―
0GED	―	€44.56M	―	-14.31%	1.00%	―	―
P4O	64 Neutral	€19.88M	28.39	5.63%	―	-10.50%	-58.93%
M7U	57 Neutral	€86.71M	8.69	3.41%	―	-13.20%	-106.76%
FDD	―	€672.18M	―		7.78%	―	―