Company Valuation: Jenoptik AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 2,126 1,463 1,628 1,284 1,120 2,239 - -
Change - -31.18% 11.27% -21.1% -12.79% 99.9% - -
Enterprise Value (EV) 1 2,667 1,942 2,051 1,680 1,438 2,492 2,402 2,324
Change - -27.19% 5.61% -18.09% -14.43% 73.32% -3.6% -3.22%
P/E ratio 26x 26.6x 22.4x 13.9x 15.5x 22.3x 18.7x 16.7x
PBR 2.77x 1.76x 1.82x 1.33x 1.11x 2.06x 1.9x 1.74x
PEG - -0.8x 0.7x 0.5x -0.7x 0.6x 1x 1.4x
Capitalization / Revenue 2.83x 1.49x 1.53x 1.15x 1.07x 1.98x 1.83x 1.74x
EV / Revenue 3.55x 1.98x 1.92x 1.51x 1.37x 2.2x 1.97x 1.8x
EV / EBITDA 15.1x 10.5x 9.79x 7.58x 7.47x 10.8x 9.2x 8.28x
EV / EBIT 19.2x 19.1x 16.2x 11.5x 12.6x 16.1x 13.3x 11.7x
EV / FCF 39.3x 24.8x 23.2x 32x 12.1x 24.5x 22x 19.3x
FCF Yield 2.54% 4.03% 4.31% 3.13% 8.25% 4.08% 4.55% 5.18%
Dividend per Share 2 0.25 0.3 0.35 0.38 0.4 0.448 0.4792 0.5412
Rate of return 0.67% 1.17% 1.23% 1.69% 2.04% 1.15% 1.23% 1.38%
EPS 2 1.43 0.96 1.27 1.62 1.26 1.754 2.096 2.342
Distribution rate 17.5% 31.3% 27.6% 23.5% 31.7% 25.5% 22.9% 23.1%
Net sales 1 750.7 980.7 1,066 1,116 1,046 1,131 1,222 1,289
EBITDA 1 177.2 184.1 209.6 221.5 192.5 230.6 261.2 280.7
EBIT 1 138.6 101.9 126.3 146.6 114.5 154.9 180.6 199.3
Net income 1 82 55.1 72.47 92.65 72 101.6 121.4 134.1
Net Debt 1 541.4 479 423.1 395.5 317.4 252.4 162.6 85.22
Reference price 2 37.14 25.56 28.44 22.44 19.57 39.12 39.12 39.12
Nbr of stocks (in thousands) 57,238 57,238 57,238 57,238 57,238 57,238 - -
Announcement Date 3/29/22 3/29/23 3/27/24 3/24/25 3/24/26 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.46x2.22x10.96x1.08% 2.63B
27.04x13.95x20.64x0.02% 5,364B
47.29x19.27x28.17x0.62% 1,985B
6.27x3.45x4.22x0.26% 862B
13.2x7.62x9.37x0.07% 864B
83.07x14.57x56.43x-.--% 731B
-405.67x10.51x31.45x-.--% 606B
38.46x13.16x25.27x1.95% 269B
16.66x5.35x15.11x1.72% 222B
225.79x44.38x93.7x-.--% 221B
Average 7.56x 13.45x 29.53x 0.57% 1,113B
Weighted average by Cap. 12.09x 13.86x 24.23x 0.23%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Jenoptik AG