(AMS) Ams - SW
Sector: Technology | Industry: Semiconductors | Exchange: SW (Switzerland) | Market Cap: 1.821m CHF | Total Return: -24.8% in 12m
Avg Turnover: 14.3M
Qual. Beats: -3
Rev. Trend: -86.7%
Qual. Beats: 1
Warnings
Interest Coverage Ratio 0.5 is critical
Altman Z'' 0.02 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
Confidence
ams-OSRAM AG is a global manufacturer specializing in optical solutions and LED technologies. Headquartered in Austria, the company operates through three primary segments: Opto Semiconductors, CMOS Sensors & ASICs, and Lamps & Systems. Its portfolio includes high-performance LEDs, infrared lasers, spectral sensors, and power management integrated circuits tailored for automotive, industrial, and medical applications.
The semiconductor industry is characterized by high capital intensity and cyclical demand, particularly within the automotive and mobile device supply chains. ams-OSRAM utilizes a vertically integrated business model, controlling the design and manufacturing of specialized optical components to maintain technical differentiation in high-precision sensing markets.
For a detailed breakdown of the companys financial health and valuation metrics, consider reviewing the latest data on ValueRay.
- Micro-LED project cancellations impact long-term revenue and asset impairment charges
- Automotive LED demand drives Opto Semiconductors segment growth and margins
- Debt restructuring and capital raises influence equity valuation and liquidity
- Shift toward high-margin sensor solutions offsets declining legacy lighting revenue
| Net Income: -200.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA 1.11 > 1.0 |
| NWC/Revenue: 24.81% < 20% (prev 4.20%; Δ 20.61% < -1%) |
| CFO/TA 0.03 > 3% & CFO 227.0m > Net Income -200.1m |
| Net Debt (1.12b) to EBITDA (613.7m): 1.82 < 3 |
| Current Ratio: 1.40 > 1.5 & < 3 |
| Outstanding Shares: last quarter (98.7m) vs 12m ago -0.07% < -2% |
| Gross Margin: 24.99% > 18% (prev 24.93%; Δ 0.06% > 0.5%) |
| Asset Turnover: 51.70% > 50% (prev 55.03%; Δ -3.33% > 0%) |
| Interest Coverage Ratio: 0.46 > 6 (EBIT TTM 194.2m / Interest Expense TTM 422.2m) |
| A: 0.12 (Total Current Assets 2.87b - Total Current Liabilities 2.05b) / Total Assets 6.56b |
| B: -0.35 (Retained Earnings -2.32b / Total Assets 6.56b) |
| C: 0.03 (EBIT TTM 194.2m / Avg Total Assets 6.37b) |
| D: 0.15 (Book Value of Equity 832.2m / Total Liabilities 5.72b) |
| Altman-Z'' = 0.02 = B |
| DSRI: 1.11 (Receivables 383.5m/356.0m, Revenue 3.29b/3.40b) |
| GMI: 1.00 (GM 24.93% / 24.99%) |
| AQI: 0.86 (AQ_t 0.31 / AQ_t-1 0.36) |
| SGI: 0.97 (Revenue 3.29b / 3.40b) |
| TATA: -0.07 (NI -200.1m - CFO 227.0m) / TA 6.56b) |
| Beneish M = -3.05 (Cap -4..+1) = AA |
As of June 20, 2026, the stock is trading at CHF 19.00 with a total of 525,283 shares traded.
Over the past week, the price has changed by +4.00%,
over one month by -0.46%,
over three months by +2.94% and
over the past year by -24.82%.
Ams has no consensus analysts rating.
Market Cap EUR = 1.98b (1.82b CHF * 1.0865 CHF.EUR)
P/E Forward = 14.2653
P/S = 0.5519
P/B = 2.4477
P/EG = 0.2136
Revenue TTM = 3.29b EUR
EBIT TTM = 194.2m EUR
EBITDA TTM = 613.7m EUR
Long Term Debt = 2.33b EUR (from longTermDebt, last quarter)
Short Term Debt = 57.2m EUR (from shortTermDebt, last quarter)
Debt = 2.52b EUR (from shortLongTermDebtTotal, last quarter) + Leases 126.0m
Net Debt = 1.12b EUR (calculated: Debt 2.52b - CCE 1.40b)
Enterprise Value = 3.10b EUR (1.98b + Debt 2.52b - CCE 1.40b)
Interest Coverage Ratio = 0.46 (Ebit TTM 194.2m / Interest Expense TTM 422.2m)
EV/FCF = 117.7x (Enterprise Value 3.10b / FCF TTM 26.3m)
FCF Yield = 0.85% (FCF TTM 26.3m / Enterprise Value 3.10b)
FCF Margin = 0.80% (FCF TTM 26.3m / Revenue TTM 3.29b)
Net Margin = -6.08% (Net Income TTM -200.1m / Revenue TTM 3.29b)
Gross Margin = 24.99% ((Revenue TTM 3.29b - Cost of Revenue TTM 2.47b) / Revenue TTM)
Gross Margin QoQ = 23.24% (prev 24.83%)
Tobins Q-Ratio = 0.47 (Enterprise Value 3.10b / Total Assets 6.56b)
Interest Expense / Debt = 16.73% (Interest Expense 422.2m / Debt 2.52b)
Taxrate = 25.0% (non-US conservative default 25%)
NOPAT = 145.7m (EBIT 194.2m * (1 - 25.00%))
Current Ratio = 1.40 (Total Current Assets 2.87b / Total Current Liabilities 2.05b)
Debt / Equity = 3.03 (Debt 2.52b / totalStockholderEquity, last quarter 832.2m)
Debt / EBITDA = 1.82 (Net Debt 1.12b / EBITDA 613.7m)
Debt / FCF = 42.51 (Net Debt 1.12b / FCF TTM 26.3m)
Total Stockholder Equity = 930.8m (last 4 quarters mean from totalStockholderEquity)
RoA = -3.14% (Net Income -200.1m / Total Assets 6.56b)
RoE = -21.50% (Net Income TTM -200.1m / Total Stockholder Equity 930.8m)
RoCE = 5.95% (EBIT 194.2m / Capital Employed (Equity 930.8m + L.T.Debt 2.33b))
RoIC = 3.31% (NOPAT 145.7m / Invested Capital 4.40b)
WACC = 13.11% (E(1.98b)/V(4.50b) * Re(13.82%) + D(2.52b)/V(4.50b) * Rd(16.73%) * (1-Tc(0.25)))
Discount Rate = 13.82% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 27.60 | Cagr: -0.01%
[DCF] Terminal Value 60.67% ; FCFF base≈26.3m ; Y1≈26.4m ; Y5≈28.0m
[DCF] Fair Price = N/A (negative equity: EV 240.9m - Net Debt 1.12b = -877.9m; debt exceeds intrinsic value)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -2.47 | # QB: -3
Revenue Correlation: -86.72 | Revenue CAGR: -6.44% | SUE: 1.08 | # QB: 1
EPS current Quarter (2026-06-30): EPS=-0.09 | Chg30d=+68.62% | Revisions=N/A | Analysts=1
EPS next Quarter (2026-09-30): EPS=-0.04 | Chg30d=+54.62% | Revisions=N/A | Analysts=1
EPS current Year (2026-12-31): EPS=-1.05 | Chg30d=-16.75% | Revisions=-43% | GrowthEPS=-287.9% | GrowthRev=-4.0%
EPS next Year (2027-12-31): EPS=0.96 | Chg30d=-19.60% | Revisions=+0% | GrowthEPS=+191.4% | GrowthRev=+2.9%
[Analyst] Revisions Ratio: -43%