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Jenoptik

SWX:JEN
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JEN
SWX
€853M
Market Cap
  1. Home
  2. CH
  3. Tech
Company description

Jenoptik AG operates as an integrated photonics company in Germany and internationally. The last earnings update was 7 days ago. More info.


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JEN Share Price and Events
7 Day Returns
0%
SWX:JEN
15.2%
CH Electronic
10.7%
CH Market
1 Year Returns
0%
SWX:JEN
-4.6%
CH Electronic
-5.9%
CH Market
JEN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Jenoptik (JEN) 0% 0% 0% 0% 51.5% 239.4%
CH Electronic 15.2% -12.8% -24.5% -4.6% -6.1% 37.7%
CH Market 10.7% -7.3% -13.9% -5.9% 2.6% -1.1%
1 Year Return vs Industry and Market
  • JEN outperformed the Electronic industry which returned -4.6% over the past year.
  • JEN outperformed the Market in Switzerland which returned -5.9% over the past year.
Price Volatility
JEN
Industry
5yr Volatility vs Market
Related Companies

JEN Value

 Is Jenoptik undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Jenoptik to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Jenoptik.

SWX:JEN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.8%
Perpetual Growth Rate 10-Year CH Government Bond Rate -0.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SWX:JEN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CH Govt Bond Rate -0.6%
Equity Risk Premium S&P Global 5.4%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.097 (1 + (1- 30%) (18.71%))
1.162
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.16
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.55% + (1.162 * 5.44%)
5.77%

Discounted Cash Flow Calculation for SWX:JEN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Jenoptik is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

SWX:JEN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 5.77%)
2020 60.73 Analyst x4 57.41
2021 75.35 Analyst x6 67.35
2022 70.00 Analyst x2 59.16
2023 64.30 Analyst x1 51.38
2024 66.00 Analyst x1 49.86
2025 63.63 Est @ -3.59% 45.45
2026 61.92 Est @ -2.68% 41.82
2027 60.66 Est @ -2.04% 38.73
2028 59.69 Est @ -1.59% 36.04
2029 58.93 Est @ -1.28% 33.63
Present value of next 10 years cash flows €480.00
SWX:JEN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €58.93 × (1 + -0.55%) ÷ (5.77% – -0.55%)
€927.52
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €927.52 ÷ (1 + 5.77%)10
€529.37
SWX:JEN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €480.00 + €529.37
€1,009.37
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,009.37 / 57.24
€17.63
SWX:JEN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in SWX:JEN represents 2.48992x of XTRA:JEN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
2.48992x
Value per Share
(Listing Adjusted, CHF)
= Value per Share (EUR) x Listing Adjustment Factor
= € 17.63 x 2.48992
CHF43.91
Value per share (CHF) From above. CHF43.91
Current discount Discount to share price of CHF37.10
= -1 x (CHF37.10 - CHF43.91) / CHF43.91
15.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Jenoptik is available for.
Intrinsic value
16%
Share price is CHF37.1 vs Future cash flow value of CHF43.91
Current Discount Checks
For Jenoptik to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Jenoptik's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Jenoptik's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Jenoptik's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Jenoptik's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SWX:JEN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €1.18
XTRA:JEN Share Price ** XTRA (2020-03-31) in EUR €14.9
Switzerland Electronic Industry PE Ratio Median Figure of 10 Publicly-Listed Electronic Companies 17.78x
Switzerland Market PE Ratio Median Figure of 175 Publicly-Listed Companies 16.61x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Jenoptik.

SWX:JEN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:JEN Share Price ÷ EPS (both in EUR)

= 14.9 ÷ 1.18

12.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Jenoptik is good value based on earnings compared to the CH Electronic industry average.
  • Jenoptik is good value based on earnings compared to the Switzerland market.
Price based on expected Growth
Does Jenoptik's expected growth come at a high price?
Raw Data
SWX:JEN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
1.5%per year
Switzerland Electronic Industry PEG Ratio Median Figure of 9 Publicly-Listed Electronic Companies 1.11x
Switzerland Market PEG Ratio Median Figure of 125 Publicly-Listed Companies 1.69x

*Line of best fit is calculated by linear regression .

SWX:JEN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.61x ÷ 1.5%

8.4x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Jenoptik is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Jenoptik's assets?
Raw Data
SWX:JEN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €11.44
XTRA:JEN Share Price * XTRA (2020-03-31) in EUR €14.9
Switzerland Electronic Industry PB Ratio Median Figure of 12 Publicly-Listed Electronic Companies 2.26x
Switzerland Market PB Ratio Median Figure of 216 Publicly-Listed Companies 1.33x
SWX:JEN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:JEN Share Price ÷ Book Value per Share (both in EUR)

= 14.9 ÷ 11.44

1.3x

* Primary Listing of Jenoptik.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Jenoptik is good value based on assets compared to the CH Electronic industry average.
X
Value checks
We assess Jenoptik's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Jenoptik has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

JEN Future Performance

 How is Jenoptik expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Jenoptik expected to grow at an attractive rate?
  • Jenoptik's earnings growth is expected to exceed the low risk savings rate of -0.6%.
Growth vs Market Checks
  • Jenoptik's earnings growth is positive but not above the Switzerland market average.
  • Jenoptik's revenue growth is expected to exceed the Switzerland market average.
Annual Growth Rates Comparison
Raw Data
SWX:JEN Future Growth Rates Data Sources
Data Point Source Value (per year)
SWX:JEN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 1.5%
SWX:JEN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 2.7%
Switzerland Electronic Industry Earnings Growth Rate Market Cap Weighted Average 18.5%
Switzerland Electronic Industry Revenue Growth Rate Market Cap Weighted Average 6.5%
Switzerland Market Earnings Growth Rate Market Cap Weighted Average 8.7%
Switzerland Market Revenue Growth Rate Market Cap Weighted Average 2.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SWX:JEN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SWX:JEN Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 978 2
2023-12-31 938 107 65 2
2022-12-31 904 111 70 3
2021-12-31 887 117 72 7
2020-12-31 827 101 60 3
2020-04-01
SWX:JEN Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 855 109 68
2019-09-30 837 90 78
2019-06-30 833 91 78
2019-03-31 829 118 82
2018-12-31 835 135 88
2018-09-30 814 119 82
2018-06-30 784 97 83
2018-03-31 774 95 80
2017-12-31 748 96 73
2017-09-30 719 94 62
2017-06-30 706 107 55
2017-03-31 690 103 56

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Jenoptik's earnings are expected to grow by 1.5% yearly, however this is not considered high growth (20% yearly).
  • Jenoptik's revenue is expected to grow by 2.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SWX:JEN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Jenoptik Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:JEN Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31 1.14 1.14 1.14 1.00
2022-12-31 1.23 1.41 1.05 2.00
2021-12-31 1.29 1.47 0.94 7.00
2020-12-31 1.03 1.24 0.85 3.00
2020-04-01
SWX:JEN Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 1.18
2019-09-30 1.36
2019-06-30 1.37
2019-03-31 1.43
2018-12-31 1.53
2018-09-30 1.44
2018-06-30 1.46
2018-03-31 1.39
2017-12-31 1.27
2017-09-30 1.09
2017-06-30 0.95
2017-03-31 0.98

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Jenoptik is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Jenoptik's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Switzerland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Switzerland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Jenoptik has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

JEN Past Performance

  How has Jenoptik performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Jenoptik's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Jenoptik's year on year earnings growth rate has been positive over the past 5 years.
  • Jenoptik's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Jenoptik's 1-year earnings growth is negative, it can't be compared to the CH Electronic industry average.
Earnings and Revenue History
Jenoptik's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Jenoptik Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:JEN Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 855.24 67.65 150.47 44.05
2019-09-30 836.96 77.84 152.44 47.09
2019-06-30 832.99 78.23 152.37 49.12
2019-03-31 828.65 82.04 149.51 48.88
2018-12-31 834.57 87.58 143.72 47.44
2018-09-30 814.46 82.29 138.38 44.94
2018-06-30 784.22 83.37 137.74 43.87
2018-03-31 774.11 79.78 135.21 43.62
2017-12-31 747.93 72.50 136.63 43.08
2017-09-30 719.03 62.37 135.61 44.67
2017-06-30 706.34 54.53 135.67 43.94
2017-03-31 690.32 55.82 135.61 42.24
2016-12-31 684.77 53.86 131.87 42.30
2016-09-30 673.52 51.35 128.38 41.32
2016-06-30 679.33 51.50 125.74 41.10
2016-03-31 681.03 47.74 125.80 41.25
2015-12-31 668.64 49.40 127.07 41.77
2015-09-30 657.79 45.66 128.96 41.82
2015-06-30 623.15 40.44 126.51 41.54
2015-03-31 599.04 38.78 124.14 40.86
2014-12-31 590.21 38.39 119.23 39.42
2014-09-30 587.91 41.79 117.20 38.97
2014-06-30 599.87 44.72 116.01 39.09
2014-03-31 605.23 44.18 114.23 39.79
2013-12-31 600.30 44.37 113.76 39.84
2013-09-30 594.44 46.83 114.36 39.28
2013-06-30 584.85 47.03 111.75 38.49

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Jenoptik has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Jenoptik used its assets more efficiently than the CH Electronic industry average last year based on Return on Assets.
  • Jenoptik has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Jenoptik's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Jenoptik has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

JEN Health

 How is Jenoptik's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Jenoptik's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Jenoptik is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Jenoptik's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Jenoptik's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 5.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Jenoptik Company Filings, last reported 3 months ago.

SWX:JEN Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 655.44 98.47 169.89
2019-09-30 624.41 98.85 101.36
2019-06-30 596.28 99.57 81.41
2019-03-31 606.08 115.52 139.03
2018-12-31 597.95 117.52 151.95
2018-09-30 565.31 128.66 117.72
2018-06-30 543.46 129.66 200.64
2018-03-31 543.37 127.95 209.29
2017-12-31 529.93 127.04 197.12
2017-09-30 501.78 127.03 162.91
2017-06-30 485.39 127.02 146.44
2017-03-31 484.31 126.77 149.65
2016-12-31 476.38 124.52 142.51
2016-09-30 457.02 135.81 121.00
2016-06-30 441.11 128.02 89.06
2016-03-31 438.22 127.43 94.14
2015-12-31 435.13 128.66 84.27
2015-09-30 413.51 127.67 37.39
2015-06-30 401.90 148.87 33.13
2015-03-31 401.90 162.36 51.37
2014-12-31 386.59 162.48 69.81
2014-09-30 386.16 120.28 53.31
2014-06-30 372.98 116.26 31.95
2014-03-31 374.89 116.27 57.67
2013-12-31 367.06 116.70 72.25
2013-09-30 348.76 117.16 35.29
2013-06-30 339.05 117.47 36.73
  • Jenoptik's level of debt (15%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (42% vs 15% today).
  • Debt is well covered by operating cash flow (110.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 21.7x coverage).
X
Financial health checks
We assess Jenoptik's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Jenoptik has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

JEN Dividends

 What is Jenoptik's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.35%
Current annual income from Jenoptik dividends. Estimated to be 2.47% next year.
If you bought CHF2,000 of Jenoptik shares you are expected to receive CHF47 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Jenoptik's pays a higher dividend yield than the bottom 25% of dividend payers in Switzerland (2.11%).
  • Jenoptik's dividend is below the markets top 25% of dividend payers in Switzerland (4.26%).
Upcoming dividend payment

Purchase Jenoptik before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SWX:JEN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Switzerland Electronic Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 3.2%
Switzerland Market Average Dividend Yield Market Cap Weighted Average of 159 Stocks 3.3%
Switzerland Minimum Threshold Dividend Yield 10th Percentile 1.3%
Switzerland Bottom 25% Dividend Yield 25th Percentile 2.1%
Switzerland Top 25% Dividend Yield 75th Percentile 4.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SWX:JEN Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31 0.34 1.00
2022-12-31 0.37 2.00
2021-12-31 0.38 7.00
2020-12-31 0.36 6.00
2020-04-01
SWX:JEN Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-25 0.350 2.395
2019-03-21 0.350 1.386
2018-03-22 0.300 0.992
2017-03-22 0.250 0.956
2016-03-22 0.220 1.394
2015-03-25 0.200 1.618
2014-03-25 0.200 1.860
2013-03-26 0.180 1.692
2012-08-09 0.150 2.123
2012-03-23 0.150 2.743

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Jenoptik has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Jenoptik only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Jenoptik's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.4x coverage).
X
Income/ dividend checks
We assess Jenoptik's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Jenoptik afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Jenoptik has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

JEN Management

 What is the CEO of Jenoptik's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Stefan Traeger
COMPENSATION €1,660,894
AGE 52
TENURE AS CEO 2.9 years
CEO Bio

Dr. Stefan Traeger has been Chairman of the Executive Board, Chief Executive Officer and President at Jenoptik AG since May 01, 2017. Dr. Traeger is responsible for the operational business as well as for the areas of legal affairs, strategy, business development and innovation management, communication and marketing, quality and processes, purchasing and supply chain management, auditing, supervision of official bodies, corporate governance, corporate social responsibility, data protection, Shared Services (including safety, health and environmental protection) and as Human Resources Director for personnel. He served as Executive Vice President of Tecan Group Ltd. since 2013 until March, 2017. Dr. Traeger served as Head of the Life Sciences Business Division and Member of Management Board at Tecan Group Ltd. since July 01, 2013 until March, 2017. Dr. Traeger served as Vice President of Leica Microsystems CMS GmbH since 2007 until 2013. He served as Managing Director of Leica Microsystems CMS GmbH since 2008. Dr. Traeger served as Managing Director of Life Science Division of Leica Microsystems at Genetix Limited. He served as a Member of The New Business Development Team of Carl Zeiss Meditec Ag. Previously, he worked in areas and positions of increasing management responsibility for the Zeiss Group. Dr. Traeger received his Ph.D. in physics from University of Hannover, Germany and an MBA from Purdue University, USA.

CEO Compensation
  • Stefan's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Stefan's remuneration is higher than average for companies of similar size in Switzerland.
Management Team Tenure

Average tenure and age of the Jenoptik management team in years:

2.4
Average Tenure
51.5
Average Age
  • The tenure for the Jenoptik management team is about average.
Management Team

Stefan Traeger

TITLE
Chairman of the Executive Board
COMPENSATION
€2M
AGE
52
TENURE
2.9 yrs

Hans-Dieter Schumacher

TITLE
CFO & Member of the Executive Board
COMPENSATION
€1M
AGE
56
TENURE
5 yrs

Thomas Fritsche

TITLE
Head of Investor Relations

Steffen Müller

TITLE
Vice President of Corporate Development and M&A
TENURE
1.6 yrs

Maria Koller

TITLE
Head of Global Human Resources
AGE
47
TENURE
2.4 yrs

Stefan Stenzel

TITLE
Head of VINCORION Division
AGE
55

Kevin Chevis

TITLE
Head of Light & Safety Division

Ralf Kuschnereit

TITLE
Head of Light & Optics Division
AGE
51

Martin Kuhnhen

TITLE
Head of Light & Production Division
AGE
50

Markus Weber

TITLE
Head of Corporate Controlling
TENURE
0.9 yrs
Board of Directors Tenure

Average tenure of the Jenoptik board of directors in years:

9.3
Average Tenure
  • The tenure for the Jenoptik board of directors is about average.
Board of Directors

Matthias Wierlacher

TITLE
Chairman of the Supervisory Board
COMPENSATION
€127K
AGE
56
TENURE
4.8 yrs

Michael Ebenau

TITLE
Employee Representative Deputy Chairman of Supervisory Board
COMPENSATION
€92K

Heinrich Reimitz

TITLE
Member of Supervisory Board
COMPENSATION
€82K
TENURE
12 yrs

Doreen Nowotne

TITLE
Member of Supervisory Board
COMPENSATION
€85K
AGE
47
TENURE
4.8 yrs

Dieter Kröhn

TITLE
Employee Representative Member of Supervisory Board
COMPENSATION
€61K
TENURE
9.3 yrs

Thomas Klippstein

TITLE
Employee Representative Member of Supervisory Board
COMPENSATION
€80K
TENURE
24.3 yrs

Andreas Tünnermann

TITLE
Member of Supervisory Board & Member of Scientific Advisory Council
COMPENSATION
€62K

Günther Tränkle

TITLE
Member of Scientific Advisory Council

Gerhard Fettweis

TITLE
Member of Scientific Advisory Council

Jurgen Popp

TITLE
Member of Scientific Advisory Council
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CHF) Value (CHF)
X
Management checks
We assess Jenoptik's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Jenoptik has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

JEN News

Simply Wall St News

JEN Company Info

Description

Jenoptik AG operates as an integrated photonics company in Germany and internationally. The company's Opticals & Life Science division develops and manufactures micro-optics for beam shaping for use in the semiconductor industry, as well as for laser material processing; and optical systems and components for information and communication, security, and defense technologies. It also produces polymer optical and optoelectronic modules and components, as well as integrated solutions for the laser, automotive, and lighting applications. In addition, this division provides original equipment manufacturer solutions for customers in the medical technology and life sciences industries; and diode and thin-disk lasers for ophthalmology, as well as supplies medical technology companies. Its Mobility division offers measurement technology for tactile, optical, and pneumatic inspection of roughness, contour, shape, and the determination of dimensions at various stages of the production process and in the measuring room; consultation, training, and maintenance services; and 3D laser processing machines. This division also provides components, systems, and services covering various aspects of road traffic, including speed and red light monitoring systems, as well as custom solutions for identifying other traffic violations; and system development, construction and installation of the monitoring infrastructure, capturing images of traffic violations and their automatic processing, and toll payment monitoring pillars. The company’s Defense & Civil Systems division offers energy systems, optical sensor systems, stabilization systems, aviation sub systems, and radomes and composites. This division provides mechatronic and sensor products for the civil and military markets. The company was founded in 1846 and is headquartered in Jena, Germany.

Details
Name: Jenoptik AG
JEN
Exchange: SWX
Founded: 1846
€903,034,732
57,238,115
Website: http://www.jenoptik.com
Address: Jenoptik AG
Carl-Zeiss-Strasse 1,
Jena,
Thuringia, 07743,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA JEN Bearer Shares XETRA Trading Platform DE EUR 16. Jun 1998
OTCPK JNPK.F Bearer Shares Pink Sheets LLC US USD 16. Jun 1998
DB JEN Bearer Shares Deutsche Boerse AG DE EUR 16. Jun 1998
LSE 0ZPV Bearer Shares London Stock Exchange GB EUR 16. Jun 1998
SWX JEN Bearer Shares SIX Swiss Exchange CH CHF 16. Jun 1998
WBAG JEN Bearer Shares Wiener Boerse AG AT EUR 16. Jun 1998
ETLX JEN-U Bearer Shares Eurotlx IT EUR 16. Jun 1998
BATS-CHIXE JEND Bearer Shares BATS 'Chi-X Europe' GB EUR 16. Jun 1998
DB JEN NPV Deutsche Boerse AG DE EUR 01. Apr 2020
SWX JEN NPV SIX Swiss Exchange CH CHF 01. Apr 2020
WBAG JEN NPV Wiener Boerse AG AT EUR 01. Apr 2020
Number of employees
Current staff
Staff numbers
4,122
Jenoptik employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 02:48
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/03/25
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.