Jenoptik (JEN) AI Stock Analysis

• Market Cap: €1.15B
• Dividend Yield: 1.76%
• Average Volume (3M): 201.26K
• Price to Earnings (P/E): 13.2
• Beta (1Y): 1.66
• Revenue Growth: 1.39%
• EPS Growth: 13.98%
• Country: DE
• Employees: 4,071
• Sector: Industrials
• Sector Strength: 90
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 0.16
• Shares Outstanding: 57,238,117
• 10 Day Avg. Volume: 187,871
• 30 Day Avg. Volume: 201,265
• PEG Ratio: -0.94
• Price to Book (P/B): 2.23
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 22.81
• 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: €27.57
• Price Target Upside: 40.31% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8

• Rating: 76 Outperform
• Price Target: €22.00 ▲(11.96%Upside)

Jenoptik's strong financial performance, characterized by revenue growth and stable cash flow management, is the primary driver of its stock score. The technical indicators also support a positive trend, although the valuation does not present significant upside potential. The absence of earnings call data and corporate events leaves these factors unconsidered.

Positive Factors

Future Expectations

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

Earnings 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 sale of its photonics-based products and services across multiple industries. Its key revenue streams include the sale of optical systems and components to the semiconductor and electronics markets, providing metrology and laser processing solutions to the automotive and manufacturing sectors, and offering traffic safety products and services. The company also benefits from long-term contracts and partnerships with governments and industrial clients, particularly in the defense and security sectors. Jenoptik's earnings are further supported by continuous innovation and expansion into emerging markets, ensuring a diversified and sustainable revenue base.

Jenoptik Financial Statement Overview

Summary

Jenoptik shows robust revenue growth and effective cash flow management with a stable gross profit margin and solid equity base. However, the absence of EBIT impacts profitability metrics and the debt-to-equity ratio should be monitored.

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
	EBIT
143.58M	141.76M	89.32M	79.38M	55.15M
	EBITDA
220.69M	198.69M	173.60M	162.69M	99.06M
	Net Income Common Stockholders
92.65M	72.47M	55.10M	82.00M	41.77M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
86.74M	67.69M	59.09M	57.14M	69.31M
	Total Assets
1.74B	1.67B	1.67B	1.76B	1.34B
	Total Debt
481.12M	490.76M	536.78M	597.74M	269.28M
	Net Debt
396.22M	423.07M	480.02M	542.92M	205.88M
	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: Positive
• Last Price: 19.65
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 Positive. The current price of 19.65 is above the 20-day moving average (MA) of 19.35, above the 50-day MA of 18.20, and below the 200-day MA of 22.01, indicating a neutral trend. The MACD of 0.28 indicates Negative momentum. The RSI at 56.32 is Neutral, neither overbought nor oversold. The STOCH value of 71.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:JEN.

Jenoptik Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JEN	76 Outperform	€1.15B	13.24	9.13%	1.76%	1.39%	13.98%
Sector *	66 Neutral	$4.52B	12.34	5.41%	3.62%	4.15%	-12.18%
0E3F		€81.10M	15.68	3.76%	0.48%	―	―
0GED		€34.28M	―	-14.31%	1.30%	―	―
M7U		€95.25M	8.69	3.41%	―	―	―
P4O	64 Neutral	€15.00M	21.81	5.63%	―	-10.50%	-58.93%
FDD		€655.92M	―		7.98%	―	―