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⚠️ Not investment advice. Past performance does not guarantee future results.
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AMS-OSRAM AMS.SW

AustriaTechnology · SemiconductorsSIX Swiss Exchange · CHF
4.0AI score
Rank 1,964 of 2,130
better than 7% of companies
24.04CHF
▲ 113.5% in one year
AMS.SW MSCI World +22.1%
Average analyst target
18.33 CHF (−23.8%)
9 analysts
52-wk low 6.85High 25.50
📈 Chart on TradingView ↗(affiliate link)Analysis of 08/10/2026

What does it do?

AMS-OSRAM is a manufacturer of sensors and lighting and optoelectronics solutions for automotive, industrial, and consumer applications, with a business model based on the design and production of specialized semiconductors.

Listed on SIX Swiss Exchange · Symbol AMS.SW · SWX: AMS · Currency CHF

Key points

from its scores
  • ✓Good share-price trend8.5
  • ✕Little or no dividend1.5
  • ✕Little competitive advantage1.7
  • ✕Unfavourable risk and backdrop2.7

AI analysis

bottom line, main risk, context and news
Bottom line

Hold, given the strong momentum and reasonable valuation, but with caution due to weak profitability and low operating margin.

AMS-OSRAM shows moderate financial health (4.43) with a net debt/EBITDA of 2.95, but its quality is very weak (1.67) with a negative ROE (-37.62%) and a low operating margin (1.12%). Revenue growth is modest (3.90%) and it pays no dividend. Its valuation is reasonable (forward PER 24.35, EV/EBITDA 8.32) and momentum is strong (62.08), but return on capital is concerning.

⚠ Main risk

The main risk is the low return on capital (ROE -37.62%) and the narrow operating margin (1.12%), indicating a limited ability to generate shareholder value in a rising rate environment.

Context and risks

The company operates in the semiconductor sector, an area under regulatory scrutiny and export controls globally. Although its domicile in Austria implies moderate governance risk, exposure to the supply chain and potential trade restrictions in the technology sector justifies a cautious adjustment.

Is AMS-OSRAM stock cheap or expensive?

at the analysis date
Cheaper than its sector

On EV / EBITDA, it trades 59% below the Technology median.

MultipleCompanySectorDifference
EV / EBITDA8.320.4−59%
Price / book2.76.3−57%
Price / sales0.85.3−85%

Sector: median of the 283 Technology companies analysed. In bold, the multiples used for the comparison.

Valuation score: 5.0 out of 10 (median for Technology: 5.3).

Average analyst target: 18.33 CHF, −23.8% versus the price.

A discount may reflect more risk or slower growth than its sector: Financial health 4.4 (sector 6.9), Growth 4.9 (sector 7.5).

Work out its fair value yourself →How much would you have made investing every month? →

Comparing it with its sector does not say whether it is a good buy: this is not investment advice.

🛒 Where to buy AMS.SWCheapest · Switzerland · sample 200.00 € orderCheapest · Switzerland · sample 200.00 € orderAvailable in your country · Switzerland · sample 200.00 € order
By the cost of that order: commission and FX, taxes excluded (public fee schedules). Brokers marked «affiliate» may pay Meridian a commission at no cost to you. This is not investment advice. · Compare all 22 brokers by real cost →

Score by category

0 to 10 · hover overtap each one to see what it measures
Financial healthiWeak4.4Technology median: 6.9
Quality / MoatiPoor1.7Technology median: 6.4
ValuationiFair5.0Technology median: 5.3
GrowthiWeak4.9Technology median: 7.5
DividendiPoor1.5Technology median: 1.5
MomentumiExcellent8.5Technology median: 6.3
Risk & ContextiPoor2.7Technology median: 4.8
Technology median7 or more 5 to 7 under 5

Key metrics

at the analysis date · compared with the Technology median
EV / EBITDAi
8.3
Technology: 20.4below
ROEi
−37.6%
Technology: 17.0%below
Operating margini
1.1%
Technology: 15.5%below
Net debt / EBITDAi
2.95
Technology: 0.20above
Revenue growthi
+3.9%
Technology: +16.7%below
Dividend yieldi
0.0%
Technology: 0.0%in line

Valuation

Forward P/E
24.4
EV / EBITDA
8.3
Price / book
2.7
Price / sales
0.8
PEG
0.21
Market cap
2.4B CHF
Enterprise value
4.0B EUR

Profitability

ROE
−37.6%
ROA
1.2%
ROIC (approx.)
1.1%
Gross margin
29.0%
Operating margin
1.1%
Net margin
−9.7%
Free cash flow
−9.2M EUR
FCF yield
−0.4%
Cash conversion
−2%

Solvency

Total debt
2.4B EUR
Net debt
1.4B EUR
Cash
994.0M EUR
EBITDA
477.0M EUR
Net debt / EBITDA
2.95
Debt / equity
334.73
Current ratio
1.31
Quick ratio
0.70

Growth

Revenue growth
+3.9%
EPS (TTM)
−3.03 CHF
EPS (forward)
0.99 CHF

Dividend

Dividend yield
0.0%
Payout
0.0%

Risk and market

Beta
1.71
Analyst consensus
Hold (9)
Target price
18.33 CHF
52-week range
6.85 – 25.50

Compare it with its sector

All 283 in Technology →
See the full ranking with filters →

Keep browsing the ranking

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Frequently asked questions about AMS-OSRAM

Is AMS-OSRAM stock cheap or expensive?

On EV / EBITDA, it trades 59% below the Technology median. Valuation score: 5.0 out of 10 (median for Technology: 5.3). Average analyst target: 18.33 CHF, −23.8% versus the price. This is not investment advice.

What score does AMS-OSRAM get on MeridIAn Screener?

It scores 4.0 out of 10, rank 1,964 of 2,130 (better than 7% of the companies analysed). Its strongest category is Momentum (8.5) and its weakest, Dividend (1.5). Analysis of 08/10/2026.

How much is AMS-OSRAM worth on the stock market?

Its market capitalisation is 2.4B CHF and its enterprise value, debt included, is 4.0B CHF.

How much debt does AMS-OSRAM have?

Its net debt (debt minus cash) is 1.4B EUR. That is 2.95 times its EBITDA; the Technology median is 0.20.

Does AMS-OSRAM pay a dividend?

It pays no dividend, or almost none.

How has AMS-OSRAM stock performed over the last year?

It has risen 113.5% over the last year, excluding dividends. Over the last 52 weeks it has traded between 6.85 and 25.50 CHF. Past performance does not guarantee future results.

What do analysts think of AMS-OSRAM?

9 analysts cover it; their average recommendation is “Hold” and their average target is 18.33 CHF (−23.8% versus the price). It is an estimate, not market data.