1Sem.·

Jenoptik - Record sales and 5-year low

The German technology company Jenoptik $JEN (-0,81 %) has just presented its figures for the past year 2024. The 5% increase in revenue to 1.12 billion euros and the 6% increase in EBITDA to 222 million euros are strikingly positive.

These are the best figures in the company's history. Nevertheless, the share price is as low as it was 5 years ago during the corona period and has been struggling with strong price fluctuations ever since.

Most recently, Jenoptik shares fell by almost 25% in fall 2024. This was due to concerns about semiconductor manufacturer ASML. While $ASML (-0,72 %) recovered by around 20% at the beginning of the year, the Jenoptik share continues to react negatively - despite good figures.

The causes are of course clear: a weak order intake in connection with the uncertain political and economic situation in beautiful Germany, which threatens Jenoptik and a considerable number of its customers.

Nevertheless, I currently see a great opportunity here with upside potential of around 50%. UBS has also already reacted to the figures and left the rating at "BUY" with a target price of 29€

There is relatively little talk about Jenoptik here. Do you know the share or does anyone have it on their radar?

43 Commentaires

Memo0606@Memo0606

1Sem.

thanks for the great contribution
just because it's a german stock puts me off buying it.... 😅

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Fblthp@TotallyLost

1Sem.

@Memo0606 Are there also other industrialized countries that you exclude or is there some form of reverse home bias here?

And why is that?

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Memo0606@Memo0606

1Sem.

@TotallyLost because it doesn't work.

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He-Man D.@He-Man

1Sem.

@Memo0606 dax outperforms wallstreet since December.

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Fblthp@TotallyLost

1Sem.

@Memo0606 What is not working?
We are talking about the stock market here and if things are "not going well" then you can see this in the prices and opportunities may arise.

There seem to be companies that are doing well:
https://www.tradingview.com/markets/stocks-germany/market-movers-best-performing/

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Mark777@Mark777

1Sem.

@Memo0606 oh man, bless you..there is no better time than now to get into the EU, it's almost too late I would say.
The American Dream is slowly fading.

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Memo0606@Memo0606

1Sem.

@Mark777 😂

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Soprano@Soprano

1Sem.

@Mark777 Jo exaggerate what is fading about the American Dream? Where is there even the slightest doubt about the economic dominance of the USA? It's okay if you see catch-up potential in the EU, but anyone who dramatizes things in this way should perhaps also write a few arguments.

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Chris@1Chrischi1

1Sem.

@Memo0606 there are winners and losers all over the world 💁🏼‍♂️

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MrMister@MrMister

1Sem.

@Memo0606 In general you are right, but not all stocks in Germany are doing badly! My Magnificent 7 in Germany are doing well (Siemens, Siemens Energy, SAP, Munich Re, Allianz, Rheinmetall, Heidelberg Materials). And stocks outside the bubble such as Suss Microtec, Alzchem or Mutares are not doing badly either, despite setbacks!

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Tenbagger2024@Tenbagger2024

1Sem.

@Memo0606
My friend, this from your mouth. The US market is overvalued and expensive. Take a look at the DAX performance over the last few weeks. The US market hardly moved at all during that time.

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Voir toutes les 3 autres réponses

stabil_xc@stabil_xc

1Sem.

Since I have a strictly US and crypto-free portfolio, I am always up for such stocks. Thanks for the info. I'll take a look at $JEN 🙋‍♂️

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Macster@macster

1Sem.

Why US-free?

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stabil_xc@stabil_xc

1Sem.

@macster I see fewer dangers and more economic potential in other regions.

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Soprano@Soprano

1Sem.

@stabil_xc What are your top countries for the next 5 years?

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stabil_xc@stabil_xc

1Sem.

@Soprano Good old Germany 👍, China, the north of Europe, India will also become even more dominant I suspect... I have a lot of faith in Greece, the ports of Thessaloniki, Piraeus...

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Soprano@Soprano

1Sem.

@stabil_xc Northern Europe, especially Sweden. India is also top. Unfortunately, I'm skeptical about China and Germany. Greece sounds exciting, but I hardly know any stocks there. For me, the insider tip of all insider tips: Poland.

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Falk@Aktien-Investor

1Sem.

@Soprano Which Polish shares do you have in mind? I only know Dino Polska...

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Soprano@Soprano

1Sem.

@Aktien-Investor There is also MoBruk, which is Polish waste management. But I'm particularly interested in Polish software producers such as 11 Bit Studios, Playway, CD Projekt Red and Text S.A.

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Billy O.@IBilly

1Sem.

So a yield-free portfolio, so to speak?

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stabil_xc@stabil_xc

1Sem.

@IBilly No offense, but that remains to be seen 😉

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Enrique@Dividenden_Monteur

1Sem.

Has anything been reported about the dividend? Whether it will continue to be paid tax-free

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Memo0606@Memo0606

1Sem.

@Dividenden_Monteur what is your current opinion of the company

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Soprano@Soprano

1Sem.

@Dividenden_Monteur Not that I know of, but as the dividend will not be paid until the end of June, it is probably not necessary to comment on it now. The information on the dividend will probably not come until May 13

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ThemenmitKopf@topicswithhead

1Sem.

I was invested for a long time but it only went down. I got out immediately at breakeven. Only on the watchlist for a year or more now.

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ThemenmitKopf@topicswithhead

1Sem.

@topicswithhead What do you think? I actually like shares like this. Turnover up, share down, but I don't know about the share. @Soprano

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Soprano@Soprano

1Sem.

@topicswithhead I've been at it for 5 years and now have 100 units. I haven't made any money with it yet. The share would have been perfect for trading, always entering at €21 and exiting at €27, so you could have made a clean 30% profit 4 times over.

From a long-term perspective, it has been disappointing so far. On the other hand, the share is more attractively valued than ever before. Not investment advice, but I would definitely buy now. In a few months we'll be back above €25 and then you can still decide whether to stick with it or be clever this time and simply lock in the profit.

In any case, I also think it is very, very unlikely that we still have downside potential of more than 10%. Not with the good figures. Something bad would really have to happen and not just "uncertainties"

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ThemenmitKopf@topicswithhead

1Sem.

@Soprano I'll take another look at it. $AFX has failed again. Although I think the figures are okay, I can well imagine why the share has plummeted given the outlook

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Soprano@Soprano

1Sem.

@topicswithhead Another really bad one today. The recovery has been canceled once again. But there is still no momentum in the sector, whether GE Healthcare, Siemens Healthineers, Thermo Fisher, Danaher, Edwards Lifescience ... the entire medical technology sector is totally sterile at the moment (hehe pun). Only Stryker is marching mercilessly forward

I still hope that 2025 will not only be the Chinese year of the snake but also the year of medical technology. It's only a matter of time, until then it's a good idea to secure your shares cheaply.

As a small consolation, @Dividenden_Monteur has at least sold its ASML share now and won't be able to get my nose out of joint at the end of the year if it does better :D

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Enrique@Dividenden_Monteur

1Sem.

@Soprano I'll still be happy to buy you a beer :D

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Enrique@Dividenden_Monteur

1Sem.

@Soprano My service case for Broadcom is the growing SaaS share.
Smart acquisitions were made that are now bearing fruit.

I simply like Costco's business model with the subscription system and if you look at the expansion plans, I see further growth here.

And yes, I know what you mean about no longer trusting them 😅 but both shares have been on my watch for over 2 years and they were actually always too expensive (except for August last year), yet they are still going strong

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Soprano@Soprano

1Sem.

@Dividenden_Monteur Yes, I also understand Broadcom. The acquisition of VM Ware was brilliant. The growth is there, it just needs to continue for a while to justify the trillion valuation. As I said, it went badly. I had set a price alert and 5% above that the stock said "Nope" and just flew away, otherwise I would have bought in :D

Costco is definitely one of the best retailers in the world. Super stable and will continue to grow its sales - but at such a snail's pace that it will be ages before the stock looks cheap again.

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Enrique@Dividenden_Monteur

1Sem.

@Soprano Both simple savings plan values.

By the way, I have no idea why my answer appeared here and not under my post 😅

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ThemenmitKopf@topicswithhead

1Sem.

@Dividenden_Monteur Sometimes the app does what it wants. You know

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Soprano@Soprano

1Sem.

@Dividenden_Monteur Kp something is wrong. I also got a notification that ThemenmitKopf had commented on BOTH posts, but I don't see any new replies

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Voir toutes les 2 autres réponses

👀@MalSchauenWasWird

1Sem.

Interesting company that I'm hearing about for the first time. I'll have to take a closer look👀

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Soprano@Soprano

1Sem.

@MalSchauenWasWird Yes, actually in very exciting areas: especially semiconductors and medical technology. Everything that has to do with optics, lasers, measurement technology etc. comes mainly from Jena.

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Chris@MrBoelter90

1Sem.

I worked at Jenoptik's HQ and could fill books. For me, the share is uninteresting for various reasons.

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Soprano@Soprano

1Sem.

@MrBoelter90 That would of course be incredibly interesting and valuable if you could say more

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Chris@MrBoelter90

1Sem.

I was employed in the Optics division as a quality manager and supplier developer. This gave me an insight into various business areas (QM, Purchasing, SCM, OPS, Logistics, etc.). I resigned in 2020.
Without wanting to bash, it was uncoordinated and inefficient. When I started, the first thing I did was write process descriptions, as they hadn't existed before. I couldn't believe that a DAX company worked like that. When I resigned, I compared it to an anthill, consisting of hundreds of highly educated people, each running in a different direction, no one knows what the others are doing, yet somehow you survive and reach your goal. The issue of inefficiency mainly had to do with the production process.
The share is uninteresting for me because I don't invest in small caps and mentally buy the whole company. And that is not possible in my experience. For a short-term trade (for those who like it) the share looks interesting right now. I hope that helps you a bit😄 even if that was the short version.

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Soprano@Soprano

1Sem.

@MrBoelter90 As I said, it's actually very valuable to me. And I can already imagine how you describe it. We can only hope that at least something has changed there since 2020. But as I said, this kind of thing is really exciting as an investor, as you usually have to assume that everything is handled super professionally in the company and often don't find out how it really is.

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