Added to YB: 2026-05-19
Pitch date: 2026-05-14
JEN.DE [bullish]
Jenoptik AG
Author Info
No bio for this author
Company Info
Jenoptik AG provides advanced photonic solutions and smart mobility solutions in Germany and internationally.
Market Cap
EUR 2.5B
Pitch Price
N/A
Price Target
N/A
Dividend
0.90%
EV/EBITDA
14.44
P/E
33.33
EV/Sales
2.75
Sector
Electronic Equipment, Instruments and Components
Category
growth
Jenoptik AG: A Photonics Leader Leveraging Semiconductor Tailwinds
JEN.DE: $ASML supplier + photonics IC probe card angle. Q1 orders +75% YoY to €357M (50%+ ex large semi order). New Dresden fab brings operating leverage; Q1 gross margin +450bps to 35.4%. Most interesting: PIC testing biz w/ Advantest & $MRVL to standardize wafer-level photonics testing. Up >100% YTD but 26x fwd PE reasonable for dual growth engines (WFE supercycle + PIC testing optionality).
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