QM · rank #6 · 2026-09-09
JEN
XETRA · EUR · $2.73B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +106.63% |
|---|---|
| ROE TTM Return on equity, trailing 12 months. | +8.8% |
| Profit margin Net profit margin, trailing 12 months. | +8.3% |
| Market cap (USD) Size filter: > $300M required (USD-equivalent). | $2.73B |
| Anchor (recent) Close on 2026-08-10 | $38.90 |
| Anchor (far) Close on 2025-08-08 | $18.83 |
The AI research card
Independent qualitative review of each pick before the order is placed. On the rare day the research service is unavailable, the paper book trades on the quant ranking alone and no card appears here.
Summary
Jenoptik is a German photonics OEM supplier serving semiconductor equipment, advanced manufacturing, biophotonics, and defense markets with optical and photonic components and systems.
Rationale
The quality-momentum signal is reinforced by a 53% H1 2026 order intake surge, a 1.4 book-to-bill, raised full-year guidance, and a 390bp EBITDA margin expansion that together confirm both earnings quality improvement and genuine price momentum rather than mere sentiment rotation.
Material risks
- 1Large OEM customers insourcing or multi-sourcing photonics components would directly erode the long-standing OEM relationships and product-mix tailwinds that underpin the current margin expansion thesis.
- 2A semiconductor capex downturn or inventory correction could rapidly deflate the €825m backlog conversion and reverse the H1 2026 order intake strength that is central to the momentum signal.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.