Company Valuation: ams-OSRAM AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,179 1,784 2,238 622.9 835 1,811 - -
Change - -57.31% 25.45% -72.17% 34.06% 116.89% - -
Enterprise Value (EV) 1 5,983 3,501 3,550 2,036 1,913 3,303 3,119 3,156
Change - -41.48% 1.4% -42.65% -6.04% 72.66% -5.58% 1.18%
P/E -131x -4.02x -0.44x -0.79x -6.44x -6.26x -13.5x -97.6x
PBR 1.33x 0.63x 0.37x 0.51x 0.88x 1.9x 2.34x 1.85x
PEG - -0x -0x 0x 0.1x -0x 0.3x 1.1x
Capitalization / Revenue 0.83x 0.37x 0.62x 0.18x 0.25x 0.56x 0.54x 0.51x
EV / Revenue 1.18x 0.73x 0.99x 0.59x 0.58x 1.02x 0.93x 0.88x
EV / EBITDA 6.22x 4.09x 6.4x 3.66x 3.26x 6.01x 5.11x 4.65x
EV / EBIT 30.2x -21.7x -2.48x -3.72x 18.8x 24x 18.3x 18x
EV / FCF 12.4x 56.5x -9.47x -30.4x 50.3x -10.5x 400x 25.4x
FCF Yield 8.1% 1.77% -10.6% -3.29% 1.99% -9.48% 0.25% 3.93%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -1.226 -17 -52 -7.94 -1.31 -2.907 -1.345 -0.1864
Distribution rate - - - - - - - -
Net sales 1 5,058 4,819 3,590 3,428 3,323 3,251 3,340 3,586
EBITDA 1 961.6 857 555 557 586 549.2 609.7 679
EBIT 1 197.9 -161 -1,430 -547 102 137.8 170.3 175.3
Net income 1 -31.53 -444 -1,613 -785 -129 -312.8 -82.72 -2.985
Net Debt 1 1,803 1,717 1,312 1,413 1,078 1,492 1,308 1,345
Reference price 2 160.33 68.31 22.71 6.31 8.44 18.19 18.19 18.19
Nbr of stocks (in thousands) 26,067 26,119 98,544 98,751 98,925 99,540 - -
Announcement Date 8/2/22 7/2/23 9/2/24 11/2/25 9/2/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.3x12.66x19.18x0.34% 5,367B
22.87x11.23x15.22x1.1% 2,004B
38.79x16.35x24.01x0.73% 1,707B
13.94x8.5x10.26x0.05% 1,147B
5.28x3.4x4.11x0.2% 974B
97.93x17.72x67.33x-.--% 914B
-47.05x9.41x26.18x-.--% 571B
218.61x47.95x97.67x-.--% 294B
Average 46.58x 15.90x 33.00x 0.3% 1,622B
Weighted average by Cap. 29.27x 12.87x 22.76x 0.43%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

-40%: Exceptional extension
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