JEN Stock Analysis: Jenoptik | XETRA
Electronic Components | XETRA, Germany | Market Cap: 2.421m EUR | 12M Return: 113.4% | DE000A2NB601 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 4.43M
EPS Trend: 32.8%
Qual. Beats: 0
Rev. Trend: -40.5%
Qual. Beats: -1
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Jenoptik AG is a German-headquartered photonics and smart mobility company operating through four segments: Semiconductor & Advanced Manufacturing, Biophotonics, Metrology & Production Solutions, and Smart Mobility Solutions. Its product portfolio spans imaging systems and cameras, laser and laser technology (including OEM diode and disk laser solutions), optics and microoptics, optical measurement and inspection systems, and optoelectronic components. The company also provides road safety and civil security solutions, such as speed and red-light enforcement cameras, automatic number plate recognition, and traffic data analysis software, serving end markets including automotive, defense and security, data communication, medical technology and life science, semiconductor equipment, and public safety. Jenoptik is listed on XETRA under the ticker JEN and falls within the GICS Semiconductor Materials & Equipment sub-industry.
The company traces its origins to 1846 and is based in Jena, Germany. Photonics is a cross-sector enabling technology that supplies components and subsystems into semiconductor manufacturing equipment, laser-based production lines, and medical/life science instrumentation, which helps explain Jenoptiks positioning across both industrial and public-sector end markets.
- Semiconductor capex recovery lifts Advanced Manufacturing segment orders
- European defense spending surge boosts optics and security revenue
- Smart Mobility traffic enforcement contracts expand recurring service income
| Net Income: 87.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 3.15 > 1.0 |
| NWC/Revenue: 36.24% < 20% (prev 19.21%; Δ 17.03% < -1%) |
| CFO/TA 0.10 > 3% & CFO 178.6m > Net Income 87.3m |
| Net Debt (368.5m) to EBITDA (208.6m): 1.77 < 3 |
| Current Ratio: 2.40 > 1.5 & < 3 |
| Outstanding Shares: last quarter (57.2m) vs 12m ago -0.46% < -2% |
| Gross Margin: 34.49% > 18% (prev 32.28%; Δ 2.21% > 0.5%) |
| Asset Turnover: 61.50% > 50% (prev 64.79%; Δ -3.29% > 0%) |
| Interest Coverage Ratio: 7.59 > 6 (EBIT TTM 132.9m / Interest Expense TTM 17.5m) |
| A: 0.22 (Total Current Assets 653.1m - Total Current Liabilities 272.2m) / Total Assets 1.76b |
| B: 0.37 (Retained Earnings 650.2m / Total Assets 1.76b) |
| C: 0.08 (EBIT TTM 132.9m / Avg Total Assets 1.71b) |
| D: 1.40 (Book Value of Equity 1.02b / Total Liabilities 732.8m) |
| Altman-Z'' = 4.61 = AA |
| DSRI: 1.11 (Receivables 221.1m/203.3m, Revenue 1.05b/1.07b) |
| GMI: 0.94 (GM 32.28% / 34.49%) |
| AQI: 0.92 (AQ_t 0.39 / AQ_t-1 0.42) |
| SGI: 0.98 (Revenue 1.05b / 1.07b) |
| TATA: -0.05 (NI 87.3m - CFO 178.6m) / TA 1.76b) |
| Beneish M = -3.06 (Cap -4..+1) = AA |
As of October 09, 2026, the stock is trading at EUR 40.44 with a total of 84,720 shares traded. Over the past week, the price has changed by -2.32%, over one month by -2.37%, over three months by +5.53% and over the past year by +113.35%.
Current recommended Stop Loss: 36.20 (which is 10.5% or 2.4 ATR below the current price).
Jenoptik has no consensus analysts rating.
P/E Trailing = 28.0132
P/E Forward = 16.2602
P/S = 2.3042
P/B = 2.3333
P/EG = 1.1285
Revenue TTM = 1.05b EUR
EBIT TTM = 132.9m EUR
EBITDA TTM = 208.6m EUR
Long Term Debt = 367.0m EUR (from longTermDebt, last quarter)
Short Term Debt = 23.5m EUR (from shortTermDebt, last quarter)
Debt = 494.9m EUR (from shortLongTermDebtTotal, last quarter) + Leases 59.1m
Net Debt = 368.5m EUR (calculated: Debt 494.9m - CCE 126.4m)
Enterprise Value = 2.79b EUR (2.42b + Debt 494.9m - CCE 126.4m)
Interest Coverage Ratio = 7.59 (Ebit TTM 132.9m / Interest Expense TTM 17.5m)
EV/FCF = 21.52x (Enterprise Value 2.79b / FCF TTM 129.6m)
FCF Yield = 4.65% (FCF TTM 129.6m / Enterprise Value 2.79b)
FCF Margin = 12.34% (FCF TTM 129.6m / Revenue TTM 1.05b)
Net Margin = 8.31% (Net Income TTM 87.3m / Revenue TTM 1.05b)
Gross Margin = 34.49% ((Revenue TTM 1.05b - Cost of Revenue TTM 688.3m) / Revenue TTM)
Gross Margin QoQ = 36.76% (prev 35.41%)
Tobins Q-Ratio = 1.58 (Enterprise Value 2.79b / Total Assets 1.76b)
Interest Expense / Debt = 3.54% (Interest Expense 17.5m / Debt 494.9m)
Taxrate = 28.88% (35.8m / 123.9m)
NOPAT = 94.5m (EBIT 132.9m * (1 - 28.88%))
Current Ratio = 2.40 (Total Current Assets 653.1m / Total Current Liabilities 272.2m)
Debt / Equity = 0.48 (Debt 494.9m / totalStockholderEquity, last quarter 1.02b)
Debt / EBITDA = 1.77 (Net Debt 368.5m / EBITDA 208.6m)
Debt / FCF = 2.84 (Net Debt 368.5m / FCF TTM 129.6m)
Total Stockholder Equity = 1.01b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.11% (Net Income 87.3m / Total Assets 1.76b)
RoE = 8.68% (Net Income TTM 87.3m / Total Stockholder Equity 1.01b)
RoCE = 9.67% (EBIT 132.9m / Capital Employed (Equity 1.01b + L.T.Debt 367.0m))
RoIC = 6.48% (NOPAT 94.5m / Invested Capital 1.46b)
WACC = 9.26% (E(2.42b)/V(2.92b) * Re(10.64%) + D(494.9m)/V(2.92b) * Rd(3.54%) * (1-Tc(0.29)))
Discount Rate = 10.64% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 29.56 | Cagr: 0.46%
[DCF] Terminal Value 75.08% ; FCFF base≈105.7m ; Y1≈121.1m ; Y5≈178.3m
[DCF] Fair Price = 33.95 (EV 2.31b - Net Debt 368.5m = Equity 1.94b / Shares 57.2m; r=9.26% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 32.83 | EPS CAGR: 4.30% | SUE: 0.12 | # QB: 0
Revenue Correlation: -40.53 | Revenue CAGR: -1.14% | SUE: -1.36 | # QB: -1
EPS current Quarter (2026-09-30): EPS=0.53 | Chg30d=-23.54% | Revisions=+0% | Analysts=3
EPS current Year (2026-12-31): EPS=1.89 | Chg30d=-1.35% | Revisions=+40% | GrowthEPS=+57.1% | GrowthRev=+8.2%
EPS next Year (2027-12-31): EPS=2.42 | Chg30d=-0.39% | Revisions=+57% | GrowthEPS=+27.7% | GrowthRev=+10.3%
[Analyst] Revisions Ratio: +67% (up=6, down=0)