Added to YB: 2025-11-20
Pitch date: 2025-11-18
AMS.SW [neutral]
ams-OSRAM AG
-2.65%
current return
Author Info
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Company Info
ams-OSRAM AG engages in the design, manufacture, and sale of LED and optical sensor solutions in Europe, the Middle East, Africa, the Americas, and the Asia/Pacific.
Market Cap
CHF 1.1B
Pitch Price
CHF 7.75
Price Target
N/A
Dividend
N/A
EV/EBITDA
106.70
P/E
-9.15
EV/Sales
0.95
Sector
Semiconductors and Semiconductor Equipment
Category
turnaround
ams-OSRAM (AMS Switzerland): fragile progress masked by a demanding cash flow narrative
AMS.SW (quick overview): Q3 revenue €853M beat estimates despite YoY decline; 11% EBIT margin above forecasts but Q4 EBITDA guidance 15% below expectations. €2B net debt + €500M+ minority puts could strain liquidity. 2025 €100M FCF target challenging given minimal 9-month cash generation. Operational progress but structural headwinds justify caution until FCF improves.
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