QM · rank #3 · 2026-10-20
JEN
XETRA · EUR · $2.49B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +133.78% |
|---|---|
| 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). | $2.49B |
| Anchor (recent) Close on 2026-09-18 | $39.54 |
| Anchor (far) Close on 2025-09-19 | $16.91 |
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 and optics specialist supplying precision components and systems into semiconductor lithography/inspection, biophotonics, metrology, and traffic-technology value chains.
Rationale
The 12-1 momentum signal (1.34) is reinforced by a concrete fundamental catalyst — 53% H1 order intake growth, an 85% surge in Semiconductor & Advanced Manufacturing bookings, a 1.44 book-to-bill, and a raised EBITDA-margin outlook — suggesting the price move reflects real earnings revision rather than pure sentiment rotation.
Material risks
- 1Semiconductor order pull-forward risk is the primary thesis-breaker — the 85% booking surge may reflect customers front-running capacity constraints or tariff timelines, and a normalization would directly deflate the momentum and quality signals simultaneously.
- 2Jenoptik's self-imposed exclusion from Chinese semiconductor-equipment customers, combined with US export-control tightening, structurally caps its addressable market precisely when geopolitical risk is highest, limiting the upside optionality the backlog implies.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.