Professional
Added to YB: 2026-06-19
Pitch date: 2026-06-17
AMS.SW [neutral]
ams-OSRAM AG
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 2.0B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.70
P/E
-9.97
EV/Sales
1.10
Sector
Semiconductors and Semiconductor Equipment
Category
turnaround
Pernas Research Passes On: ams-OSRAM AG
AMS.SW (pass): Mkt cap Fr1.9B, price Fr18.78, EV/EBITDA 7. Auto lighting & optical semi leader, -80% from highs post-leveraged Osram deal & cancelled Apple microLED project. Cleaner portfolio + refinancing cuts interest. Upside in microLED (AR/VR, datacenter), but Kulim fab underutilized post-Apple loss. Rest is mature auto/industrial w/ pricing pressure. Awaiting microLED traction.
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