QM · rank #2 · 2026-10-23
JEN
XETRA · EUR · $2.59B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +142.91% |
|---|---|
| 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). | $2.59B |
| Anchor (recent) Close on 2026-09-23 | $42.24 |
| Anchor (far) Close on 2025-09-23 | $17.39 |
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 53% H1 order-intake surge, 1.44 book-to-bill, 85% Semiconductor & Advanced Manufacturing order growth, and raised EBITDA-margin guidance to 20–21% provide concrete fundamental backing for the strong 12-1 momentum signal, confirming this is earnings-driven rather than pure sentiment rotation.
Material risks
- 1Semiconductor order pull-forward risk is real — the 85% order spike in H1 2026 may reflect customers pre-building inventory ahead of capacity constraints, meaning order intake could normalize sharply and the backlog conversion rate could disappoint if chipmaker capex cycles turn.
- 2Jenoptik's self-imposed exclusion from Chinese semiconductor-equipment customers, combined with US export-control tightening, structurally caps the addressable market precisely when the semiconductor cycle is the primary growth engine.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.