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Jenoptik AG (ETR:JEN)

Electronic Equipment, Instruments and Components
Otros
cíclico

Jenoptik AG provides advanced photonic solutions and smart mobility solutions in Germany and internationally. The company 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. It offers optics and optical systems, including objective lenses for laser material processing, cd objective lenses, optical coatings and measuring systems, and precision optical 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, the company 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, electronics and information technology, medical 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.

Precio Actual

€19.36
+0.16% vs día anterior

Capitalización

1.3B

Desviación

-24.48%

Y/Y Growth

3.6%

EBIT Margin

13.2%

ROIC

6%

PEG Ratio

1.77

ROE

8.2%

3Y EPS Growth

8.3%

Dividend Yield

1.96%

Net Debt / EBITDA

1.5x

Proyecciones CAGR

Proyecciones de tasa de crecimiento anual compuesta basadas en diferentes modelos de valoración. CAGR EV/FCF es la métrica principal.

CAGR EV/FCF
8.5%
CAGR EV/FCF (2025):
32.4%
CAGR Prom.:
11.1%
CAGR P/E:
11.7%
CAGR EV/EBITDA: 12.2%
CAGR EV/EBIT: 12.0%
Precio de compra para +15%:
€13.42

Múltiplos de Valoración

Múltiplos de valoración utilizados para las estimaciones de CAGR y precios objetivo.

P/E
15x
(Fair: 25x)
EV/FCF
17x
EV/EBITDA
8x
EV/EBIT
12x

Gráfico de Evolución del Precio

Precios Objetivo FCF

Precios futuros estimados de la acción basados en proyecciones de flujo de caja libre.

Calculadora de Sensibilidad

Compara el CAGR de tu valoración con el que resultaría al aplicar diferentes múltiplos (LTM y Fair P/E).

Mercado LTM P/E
15x
Fair P/E
25x
CAGR EV/FCF
Tu Múltiplo: 17x
8.5%
5.8%
17.2%
CAGR P/E
Tu Múltiplo: 15x
11.7%
11.7%
23.7%
Tu CAGR
CAGR con LTM
CAGR con Fair P/E

Notas

Rendimiento Histórico vs. Índices

Rendimiento anual (YTD) de la acción comparado con índices y materias primas de referencia.

Media vs. Bitcoin
-181.66%
Media vs. Gold
-9.28%
Media vs. Bono USA 7-10y
+6.21%
Media vs. Bono USA 1-3y
+5.66%
Media vs. Bono USA 20+y
+7.79%
Media vs. Dow Jones
-5.70%
Media vs. S&P 500
-8.57%
Media vs. NASDAQ 100
-13.99%
Media vs. MSCI World
-5.96%
Media vs. Russell 2000
-4.09%
Media vs. STOXX Europe 600
+0.22%
Rendimiento anual de cada inversión. La línea discontinua marca el 0% (punto de equilibrio).
Año
Rendimiento ETR:JEN
Rendimiento Bitcoin
Rendimiento vs. Bitcoin
Rendimiento Gold
Rendimiento vs. Gold
Rendimiento Bono USA 7-10y
Rendimiento vs. Bono USA 7-10y
Rendimiento Bono USA 1-3y
Rendimiento vs. Bono USA 1-3y
Rendimiento Bono USA 20+y
Rendimiento vs. Bono USA 20+y
Rendimiento Dow Jones
Rendimiento vs. Dow Jones
Rendimiento S&P 500
Rendimiento vs. S&P 500
Rendimiento NASDAQ 100
Rendimiento vs. NASDAQ 100
Rendimiento MSCI World
Rendimiento vs. MSCI World
Rendimiento Russell 2000
Rendimiento vs. Russell 2000
Rendimiento STOXX Europe 600
Rendimiento vs. STOXX Europe 600
2025
YTD en Vivo
-13.42%-1.40%-12.02%57.46%-70.88%4.29%-17.71%0.99%-14.41%0.69%-14.10%13.12%-26.54%16.85%-30.26%22.29%-35.71%20.22%-33.64%12.99%-26.40%13.34%-26.75%
2024
-19.45%110.77%-130.23%26.96%-46.41%-3.73%-15.73%0.05%-19.50%-11.17%-8.29%12.80%-32.26%24.01%-43.47%30.78%-50.23%17.88%-37.34%10.80%-30.25%5.50%-24.96%
2023
8.55%153.66%-145.11%11.76%-3.21%-0.15%+8.69%0.98%+7.56%-2.54%+11.09%13.74%-5.19%24.73%-16.18%44.52%-35.97%21.92%-13.38%15.78%-7.23%11.67%-3.12%
2022
-31.40%-65.23%+33.82%0.78%-32.18%-15.93%-15.47%-5.00%-26.40%-31.00%-0.40%-9.40%-22.00%-19.95%-11.45%-33.89%+2.49%-19.70%-11.70%-22.50%-8.90%-13.29%-18.11%
2021
48.56%60.33%-11.77%-6.24%+54.80%-4.15%+52.71%-0.98%+49.54%-5.94%+54.50%20.23%+28.33%28.79%+19.77%23.20%+25.36%21.22%+27.34%15.39%+33.17%21.66%+26.90%
2020
-4.05%301.93%-305.97%23.90%-27.95%8.33%-12.38%2.02%-6.07%15.12%-19.17%6.02%-10.07%15.29%-19.34%41.75%-45.80%12.94%-16.99%18.48%-22.53%-4.64%+0.59%
2019
7.33%88.85%-81.53%17.78%-10.45%5.55%+1.77%1.20%+6.13%10.91%-3.58%21.91%-14.58%28.34%-21.01%34.60%-27.27%25.23%-17.90%23.05%-15.72%23.42%-16.09%
2018
-18.06%-71.79%+53.73%-3.12%-14.94%-0.97%-17.09%-0.24%-17.82%-3.17%-14.89%-6.03%-12.03%-7.01%-11.05%-5.30%-12.75%-11.16%-6.90%-13.00%-5.06%-13.42%-4.64%
2017
64.28%1,184.56%-1,120.28%11.93%+52.35%0.76%+63.52%-0.63%+64.91%6.03%+58.25%24.33%+39.95%18.42%+45.87%27.16%+37.13%19.45%+44.83%12.45%+51.83%7.16%+57.12%
2016
12.61%109.91%-97.30%6.53%+6.08%-1.15%+13.76%-0.02%+12.64%-1.91%+14.52%15.24%-2.63%11.24%+1.37%9.79%+2.82%6.53%+6.08%22.42%-9.80%1.33%+11.28%
Media5.50%187.16%-181.66%14.77%-9.28%-0.71%+6.21%-0.16%+5.66%-2.30%+7.79%11.20%-5.70%14.07%-8.57%19.49%-13.99%11.45%-5.96%9.59%-4.09%5.27%+0.22%

Historial de Valoración

Historial de cambios significativos en los factores de valoración y precios objetivo a lo largo del tiempo. Los valores resaltados indican un cambio respecto a la valoración anterior.

Fecha de Valoración
Y/Y Growth
EBIT Margin
Net Debt/EBITDA
P/E
EV/FCF
EV/EBITDA
EV/EBIT
Objetivo 2025
Objetivo 2026
Objetivo 2027
Objetivo 2028
Objetivo 2029
10/13/20253.6%13.2%1.5x15x(16x)17x8x12x€25.64€21.11€24.17€25.55€27.00

Historial de Dividendos

Evolución de los dividendos por acción pagados durante los últimos 10 años.

Dividend Yield Actual
1.96%
Basado en 2025
Crecimiento Promedio
6.26%
CAGR últimos 10 años
Años Consecutivos
3
Años de crecimiento continuo
AñoDividendo por AcciónCrecimiento
2025
Actual
€0.38+8.57%
2024€0.35+16.67%
2023€0.30+20.00%
2022€0.25+0.00%
2021€0.25+92.31%
2020€0.13-62.86%
2019€0.35+16.67%
2018€0.30+20.00%
2017€0.25+13.64%
2016€0.22-
CAGR de Dividendos (2016 - 2025)
6.26%

Análisis de Outperformance

Rendimiento histórico vs índices principales y métricas de consistencia

Outperformance Promedio vs Índices

Rendimiento promedio comparado con los principales índices del mercado

Outperformance
Underperformance

Evolución del Rendimiento Año a Año

Rendimiento histórico con marcadores de mejores y peores años

🏆Best Year
2017
+64.28%
📉Worst Year
2022
-31.40%

Consistencia de Rendimiento

Porcentaje de años con rendimientos positivos

50%
5 of 10 years positive
Consistency ScoreGood
0%50%70%100%

ETR:JEN shows moderate consistency with positive returns in 50% of years.