QM · rank #3 · 2026-10-22
JEN
XETRA · EUR · $2.49B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +142.94% |
|---|---|
| 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 2026-09-22 | $41.74 |
| Anchor (far) Close on 2025-09-22 | $17.18 |
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 1.43 momentum score is directly anchored in fundamental reality — 53% order intake growth, an 85% surge in Semiconductor & Advanced Manufacturing orders, a raised EBITDA-margin outlook, and a 1.44 book-to-bill all confirm the price move reflects genuine earnings acceleration rather than sentiment rotation.
Material risks
- 1Semiconductor order pull-forward risk is the primary thesis-breaker — the 85% order surge may reflect customers pre-buying ahead of capacity constraints or export-control uncertainty, meaning H2/2027 orders could disappoint sharply and collapse the backlog conversion story.
- 2US–China export controls and Jenoptik's self-imposed restriction on selling to Chinese semiconductor-equipment suppliers structurally cap the addressable market precisely when China is the fastest-growing semiconductor capex region, limiting upside optionality.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.