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Jenoptik AG (JEN.DE)

EUR41.06 +0.00 (+0.00%)
DE XETRA Technology Hardware, Equipment & Parts
Address Carl-Zeiss-Strasse 1 7743
Jena, TH, DE
CEO Stefan Traeger
IPO 1998-11-09
ISIN DE000A2NB601

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Also trades on Deutsche Börse · JEN.DE (EUR) London Stock Exchange · 0ZPV.L (EUR) Other OTC · JNPKF (USD) Swiss Exchange · JEN.SW (CHF)
Description

Jenoptik AG provides advanced photonic solutions and smart mobility solutions in Germany and internationally. The company operates through Semiconductor & Advanced Manufacturing, Biophotonics, Metrology & Production Solutions, and Smart Mobility Solutions segments. It provides imaging solutions and cameras, including microscope and thermographic camera, imaging modules, polymer-based camera modules, and miniaturized digital microscope subsystem; and laser and laser technology, such as laser ablation, scoring, cutting, and rangefinder, as well as laser OEM solutions comprising diode laser and disk laser technology, diode pumped disk lasers, laser systems, and LK heat sink. The company offers optics and microoptics, including objective lenses for laser material processing, customized and standardized objective lenses, polymer optics, and optical and microoptical 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. It serves automotive, defense and security, data communication, electronics and information technology, medical technology 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.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR41.06 +0.00 (+0.00%)
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Volume Profile
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Liquidity & share structure
Average Volume
237.0K
Beta
1.26
Float Shares
49.33M
Free Float %
86.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-2.37% +24.01% +32.50% +65.75% +125.99% +119.31% +130.32% +51.53% +94.07% +234.74% +121.60%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
41.06
DCF (Unlevered) 17.63 -57.1%
DCF (Levered) 32.23 -21.5%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 78% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 6 0
Hold 2 +1
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.35
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
5 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Hardware, Equipment & Parts: +10.0%
    -6.3% Q1'26: -1.0% (vs Q1'25)
  • EPS growth Hardware, Equipment & Parts: +20.2%
    -22.2% Q1'26: +81.3% (vs Q1'25)
  • FCF margin FCF growth · Hardware, Equipment & Parts: +27.1%
    +10.6% Q1'26: +2.7% (vs Q1'25)
  • EBIT margin Hardware, Equipment & Parts: +8.7%
    +10.5% Q1'26: +10.7% (vs Q1'25)
  • ROIC Hardware, Equipment & Parts: +5.7%
    +5.9% Q1'26: +5.5% (vs Q1'25)
  • Share dilution Hardware, Equipment & Parts: +0.0%
    +0.0% Q1'26: -1.3% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Hardware, Equipment & Parts: -0.70×
    2.15× Q1'26: 2.23× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.18) × ERP
WACC = 85% × Ke + 15% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 17.43 Current price: 41.06
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
9 Rev. Ana.
7 EPS Ana.
Dec 2027
9 Rev. Ana.
7 EPS Ana.
Dec 2028
8 Rev. Ana.
7 EPS Ana.
Dec 2029
7 Rev. Ana.
2 EPS Ana.
Dec 2030
7 Rev. Ana.
5 EPS Ana.
Revenue
543.30M
est: 544.35M (-0.2%)
585.03M
est: 590.94M (-1.0%)
600.30M
est: 611.02M (-1.8%)
590.21M
est: 605.47M (-2.5%)
668.64M
est: 671.24M (-0.4%)
684.77M
est: 685.41M (-0.1%)
747.93M
est: 747.12M (+0.1%)
834.57M
est: 829.85M (+0.6%)
855.24M
est: 851.35M (+0.5%)
615.47M
est: 764.90M (-19.5%)
750.72M
est: 831.24M (-9.7%)
980.68M
est: 975.17M (+0.6%)
1.07B
est: 1.10B (-3.3%)
1.12B
est: 1.12B (-0.2%)
1.05B
est: 1.05B (-0.4%)
1.13B
1.09B – 1.15B
+8.0% YoY
1.22B
1.17B – 1.26B
+7.3% YoY
1.29B
1.29B – 1.29B
+5.8% YoY
1.35B
1.30B – 1.39B
+5.1% YoY
1.44B
1.38B – 1.48B
+6.4% YoY
EBITDA
69.46M
est: 73.29M (-5.2%)
71.70M
est: 63.20M (+13.4%)
72.47M
est: 64.52M (+12.3%)
73.95M
est: 64.86M (+14.0%)
92.37M
est: 80.83M (+14.3%)
92.70M
est: 90.23M (+2.7%)
112.55M
est: 99.97M (+12.6%)
125.89M
est: 123.50M (+1.9%)
132.99M
est: 122.62M (+8.5%)
99.06M
est: 118.01M (-16.1%)
162.69M
est: 133.26M (+22.1%)
173.60M
est: 139.28M (+24.6%)
198.69M
est: 210.83M (-5.8%)
220.69M
est: 213.64M (+3.3%)
186.94M
est: 200.85M (-6.9%)
216.99M
209.42M – 220.54M
+8.0% YoY
232.75M
223.11M – 241.59M
+7.3% YoY
246.26M
246.09M – 246.43M
+5.8% YoY
258.86M
248.95M – 266.00M
+5.1% YoY
275.32M
264.77M – 282.91M
+6.4% YoY
EBIT
46.21M
est: 15.84M (+191.7%)
49.44M
est: 37.90M (+30.5%)
51.18M
est: 49.84M (+2.7%)
50.09M
est: 49.84M (+0.5%)
63.60M
est: 54.51M (+16.7%)
65.88M
est: 63.79M (+3.3%)
82.27M
est: 70.50M (+16.7%)
95.41M
est: 86.87M (+9.8%)
90.48M
est: 97.24M (-7.0%)
48.18M
est: 83.72M (-42.5%)
108.44M
est: 94.54M (+14.7%)
105.47M
est: 98.81M (+6.7%)
127.82M
est: 133.90M (-4.5%)
145.93M
est: 135.68M (+7.5%)
109.75M
est: 127.56M (-14.0%)
137.81M
133.00M – 140.07M
+8.0% YoY
147.82M
141.70M – 153.44M
+7.3% YoY
156.40M
156.29M – 156.51M
+5.8% YoY
164.41M
158.11M – 168.94M
+5.1% YoY
174.86M
168.16M – 179.68M
+6.4% YoY
Net Income
34.07M
est: 38.65M (-11.8%)
50.24M
est: 37.03M (+35.7%)
47.20M
est: 51.91M (-9.1%)
41.66M
est: 47.24M (-11.8%)
49.57M
est: 46.81M (+5.9%)
57.40M
est: 50.72M (+13.2%)
72.50M
est: 62.23M (+16.5%)
87.58M
est: 80.83M (+8.3%)
67.65M
est: 89.73M (-24.6%)
41.77M
est: 63.25M (-34.0%)
82.00M
est: 71.43M (+14.8%)
55.10M
est: 68.25M (-19.3%)
72.47M
est: 80.33M (-9.8%)
92.65M
est: 93.01M (-0.4%)
72.00M
est: 72.40M (-0.5%)
101.71M
92.12M – 110.10M
+40.5% YoY
121.48M
107.92M – 128.79M
+19.4% YoY
136.22M
120.66M – 144.64M
+12.1% YoY
144.81M
137.60M – 150.00M
+6.3% YoY
165.42M
157.18M – 171.35M
+14.2% YoY
SGA
100.80M
est: 102.96M (-2.1%)
107.66M
est: 116.52M (-7.6%)
112.99M
est: 118.39M (-4.6%)
118.58M
est: 114.40M (+3.7%)
126.59M
est: 132.59M (-4.5%)
131.18M
est: 127.90M (+2.6%)
136.13M
est: 138.63M (-1.8%)
143.18M
est: 154.53M (-7.3%)
41.67M
est: 149.58M (-72.1%)
34.08M
est: 140.44M (-75.7%)
143.16M
est: 158.59M (-9.7%)
173.04M
est: 165.75M (+4.4%)
168.97M
est: 177.12M (-4.6%)
165.61M
est: 179.48M (-7.7%)
135.58M
est: 168.74M (-19.7%)
182.30M
175.94M – 185.28M
+8.0% YoY
195.54M
187.44M – 202.96M
+7.3% YoY
206.89M
206.74M – 207.03M
+5.8% YoY
217.48M
209.15M – 223.47M
+5.1% YoY
231.30M
222.44M – 237.68M
+6.4% YoY
EPS
0.62
est: 0.52 (+18.7%)
0.88
est: 0.67 (+32.3%)
0.82
est: 0.69 (+18.0%)
0.73
est: 0.69 (+6.1%)
0.87
est: 0.84 (+4.0%)
1.00
est: 0.95 (+4.8%)
1.27
est: 1.13 (+12.5%)
1.53
est: 1.40 (+9.1%)
1.18
est: 1.29 (-8.6%)
0.73
est: 1.00 (-27.3%)
1.43
est: 1.41 (+1.3%)
0.96
est: 1.48 (-35.1%)
1.27
est: 1.40 (-9.5%)
1.62
est: 1.64 (-1.0%)
1.26
est: 1.27 (-1.1%)
1.73
1.61 – 1.92
+35.7% YoY
2.07
1.89 – 2.25
+19.4% YoY
2.31
2.11 – 2.53
+11.9% YoY
2.53
2.40 – 2.62
+9.4% YoY
2.89
2.75 – 2.99
+14.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-11 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-08 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-07 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-06 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-05 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-04 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-04-30 A- 4/5 4/5 3/5 4/5 2/5 3/5 5/5
2026-04-29 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-04-28 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-04-27 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-04-24 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-04-23 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-04-22 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-04-21 B+ 3/5 3/5 3/5 4/5 2/5 3/5 4/5
2026-04-20 B+ 3/5 3/5 3/5 4/5 2/5 3/5 4/5
2026-04-17 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-04-16 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
96.80M
OE per share TTM
1.69
Owner's Yield
4.32%
Maintenance CapEx ratio
66.39%
Maint CapEx / Avg PPE
36.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 101 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Xtrackers MDAX ESG Screened UCITS ETF 1D XDGM.DE 1.72% 1.81M 0.40%
2 iShares TecDAX UCITS ETF (DE) EXS2.DE 1.68% 11.89M 0.51%
3 iShares TecDAX UCITS ETF (DE) EXIB.DE 1.68% 218.6K 0.51%
4 Amundi TecDAX UCITS ETF Dist E908.DE 1.60% 1.50M 0.40%
5 Amundi MDAX ESG UCITS ETF Dist C007.DE 1.55% 3.47M 0.30%
6 Amundi MDAX ESG II UCITS ETF Dist E907.DE 1.55% 1.74M 0.30%
7 ROBO Global Robotics and Automation Index ETF ROBO 1.45% 26.61M 0.95%
8 iShares MDAX UCITS ETF (DE) EXS3.DE 1.33% 23.45M 0.51%
9 iShares MDAX UCITS ETF (DE) EXID.DE 1.33% 534.6K 0.51%
10 Invesco MDAX UCITS ETF DEAM.DE 1.32% 11.39M 0.19%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
24.1K
Shares Outstanding
57.24M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Ralf Kuschnereit Executive Vice President of Division Advanced Photonic Solutions & Member of the Executive Board 710.5K
Prisca Havranek-Kosicek Chief Financial Officer & Member of the Executive Board 709.7K
Andreas Theisen Head of Investor Relations male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits