Jenoptik JEN.DE
GermanyTechnology · Electronic ComponentsXetra · EUR
48.06 EUR (+16.4%)
9 analysts
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Jenoptik AG is a German technology company that develops and manufactures photonics, optoelectronics, and sensor solutions for the automotive, industrial, healthcare, and defense markets.
Listed on Xetra · Symbol JEN.DE · ETR: JEN · Currency EUR
Key points
from its scores- ✓Good share-price trend9.8
- ✓Strong growth7.1
- !Average business quality5.0
- !Modest dividend5.0
- !Risks to watch5.0
AI analysis
bottom line, main risk, context and newsHold or buy on pullbacks, given the solid earnings growth and position in the 52-week range, but watch the evolution of interest rates and demand in its end markets.
Jenoptik presents a balanced profile with solid financial health (net debt/EBITDA of 1.57, liquidity of 2.40) and earnings growth of 53.8%, although its valuation (P/E 27.35) already discounts part of that growth. Momentum is very strong (118.3), reflecting market confidence in its photonics and sensors strategy.
The main risk is dependence on investment in the automotive and industrial sectors, which are cyclical and sensitive to a potential global economic slowdown.
Context and risks
Jenoptik operates in the technology and electronic components sector, with exposure to global markets and the semiconductor supply chain. Tightening financial conditions and a stronger dollar could affect demand for its products and its financing costs, although its moderate debt level (net debt/EBITDA of 1.57) limits the impact. The main risk is a potential slowdown in investment by its industrial and automotive clients, which are sensitive to the economic cycle.
Is Jenoptik stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 23% below the Technology median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 27.4 | 31.3 | −13% |
| EV / EBITDA | 13.5 | 20.4 | −34% |
| Price / book | 2.3 | 6.3 | −63% |
| Price / sales | 2.2 | 5.3 | −57% |
Sector: median of the 283 Technology companies analysed. In bold, the multiples used for the comparison.
Valuation score: 6.8 out of 10 (median for Technology: 5.3).
Average analyst target: 48.06 EUR, +16.4% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 6.7 (sector 6.9), Growth 7.1 (sector 7.5).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
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.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Technology medianValuation
- P/E
- 27.4
- Forward P/E
- 17.1
- EV / EBITDA
- 13.5
- Price / book
- 2.3
- Price / sales
- 2.2
- PEG
- 1.13
- Market cap
- 2.4B EUR
- Enterprise value
- 2.7B EUR
Profitability
- ROE
- 8.8%
- ROA
- 5.0%
- ROIC (approx.)
- 9.9%
- Gross margin
- 34.5%
- Operating margin
- 13.7%
- Net margin
- 8.3%
- Free cash flow
- 93.8M EUR
- FCF yield
- 4.0%
- Cash conversion
- 48%
Solvency
- Total debt
- 435.8M EUR
- Net debt
- 309.4M EUR
- Cash
- 126.4M EUR
- EBITDA
- 197.4M EUR
- Net debt / EBITDA
- 1.57
- Debt / equity
- 42.41
- Current ratio
- 2.40
- Quick ratio
- 1.28
Growth
- Revenue growth
- +2.8%
- Earnings growth
- +53.8%
- EPS (TTM)
- 1.51 EUR
- EPS (forward)
- 2.42 EUR
Dividend
- Dividend yield
- 1.0%
- Payout
- 26.5%
Risk and market
- Beta
- 1.19
- Analyst consensus
- Buy (9)
- Target price
- 48.06 EUR
- 52-week range
- 18.15 – 48.42
Recent news
All JEN.DE news →Compare it with its sector
All 283 in Technology →Frequently asked questions about Jenoptik
Is Jenoptik stock cheap or expensive?
On P/E and EV / EBITDA, it trades 23% below the Technology median on average. Valuation score: 6.8 out of 10 (median for Technology: 5.3). Average analyst target: 48.06 EUR, +16.4% versus the price. This is not investment advice.
What score does Jenoptik get on MeridIAn Screener?
It scores 6.4 out of 10, rank 638 of 2,130 (better than 68% of the companies analysed). Its strongest category is Momentum (9.8) and its weakest, Quality / Moat (5.0). Analysis of 08/10/2026.
What is Jenoptik's P/E ratio?
Its P/E is 27.4: the share price equals 27.4 times earnings per share over the last 12 months. The Technology median is 31.3. Based on the earnings analysts expect, the forward P/E is 17.1.
How much is Jenoptik worth on the stock market?
Its market capitalisation is 2.4B EUR and its enterprise value, debt included, is 2.7B EUR.
How much debt does Jenoptik have?
Its net debt (debt minus cash) is 309.4M EUR. That is 1.57 times its EBITDA; the Technology median is 0.20.
Does Jenoptik pay a dividend?
Yes: its dividend yield is 0.97% and it pays out 26% of its earnings.
How has Jenoptik stock performed over the last year?
It has risen 118.4% over the last year, excluding dividends. Over the last 52 weeks it has traded between 18.15 and 48.42 EUR. Past performance does not guarantee future results.
What do analysts think of Jenoptik?
9 analysts cover it; their average recommendation is “Buy” and their average target is 48.06 EUR (+16.4% versus the price). It is an estimate, not market data.