Added to YB: 2026-04-01
Pitch date: 2026-03-30
AMS.SW [bullish]
ams-OSRAM AG
-5.08%
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 United States, and the Asia/Pacific.
Market Cap
CHF 921.0M
Pitch Price
CHF 8.66
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.61
P/E
-7.11
EV/Sales
0.77
Sector
Semiconductors and Semiconductor Equipment
Category
turnaround
ams OSRAM (Short Read)
AMS.SW: Austrian integrated semi at 8 CHF, 92% down 5yr post-€4.6bn OSRAM acquisition debacle. New CEO Kamper executing turnaround: deleveraging via €570M Infineon sensor sale (Feb 26), €100M Ushio lamps sale. 3 units: Opto Semi (41% rev, EVIYOS €500M+ auto design wins), CMOS Sensors (31%), Lamps (28%). Growth vectors: automotive smart lighting, AR glasses micro-pixel LED, AI datacenter optical interconnects, biosensing, robotics. Risk: stranded capex if ramps fail (like Apple microLED). Asymmetric setup: limited downside vs large upside if executes.
Read full article (5 min)