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ams-OSRAM (CH:AMS)
:AMS
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ams-OSRAM
(OTC:AMS)
46Neutral
Positive Factors
Earnings
Q4 results were above consensus with a beat on adjusted EBITDA.
Guidance
Q1 guidance is also above consensus at the sales and adjusted EBITDA level.
Negative Factors
Demand
The ongoing weak demand environment in auto and industrial applications negatively impacts Ams-Osram's semiconductor business.
Inventory
Inventory corrections in the industrial business are likely to continue, impacting future performance.
Price Target
Reduced earnings forecasts have led to a decrease in the price target from CHF 15.00 to CHF 9.50.
ams-OSRAM (AMS) vs. S&P 500 (SPY)
Market Cap
$509.31M
Dividend YieldN/A
Average Volume (3M)582.71K
Price to Earnings (P/E)―
Beta (1Y)2.69
Revenue Growth-6.38%
EPS Growth76.12%
CountryCH
Employees19,665
SectorTechnology
Sector Strength46
IndustrySemiconductors
Share Statistics
EPS (TTM)0.03
Shares Outstanding99,844,390
10 Day Avg. Volume937,984
30 Day Avg. Volume582,705
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
Price to Cash Flow (P/CF)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$10.25Price Target Upside69.13% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
ams-OSRAM Business Overview & Revenue Model
Company Descriptionams-OSRAM AG designs, manufactures, and sells LED and optical sensor solutions in Europe, the Middle East, Africa, the Americas, and the Asia/Pacific. The company operates through Semiconductor and Lamps & Systems segments. The Semiconductor segment offers semiconductor-based products and solutions, such as LEDs, lasers, and optical and image sensors for automotive, consumer, and industrial end markets. The Lamps & Systems segment provides lamps and lighting systems, such as spectral sensing, ambient and smart lighting, horticulture lighting, time-of-flight, presence detection, near-infrared, human-centric lighting, outdoor and indoor lighting solutions for automotive, industrial, and medical end markets. The company was formerly known as ams AG and changed its name to ams-OSRAM AG in January 2022. ams-OSRAM AG was founded in 1981 and is headquartered in Premstätten, Austria.
How the Company Makes Moneyams-OSRAM makes money through the sale of its wide range of sensor solutions and optoelectronic products. Key revenue streams include the automotive sector, where the company provides advanced lighting and sensing solutions; the consumer electronics sector, supplying sensors for smartphones and wearable devices; and the industrial and medical sectors, offering components for automation and healthcare technology. The company also benefits from strategic partnerships and collaborations that expand its market reach and technological capabilities. Revenue is primarily generated through product sales, with additional income from licensing agreements and research and development services.
ams-OSRAM Financial Statement Overview
Summary
Income Statement
Balance Sheet
Cash Flow
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 3.43B | 3.59B | 4.82B | 5.04B | 3.50B | Gross Profit |
| 857.00M | 840.00M | 1.26B | 1.44B | 1.03B | EBIT |
| -547.00M | -1.43B | -323.00M | -26.00M | 2.00M | EBITDA |
| 976.00M | 471.00M | 855.00M | 938.00M | 613.00M | Net Income Common Stockholders |
| -786.00M | -1.61B | -443.00M | -32.00M | -90.00M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.15B | 1.15B | 1.11B | 1.34B | 1.62B | Total Assets |
| 6.90B | 7.40B | 8.83B | 9.64B | 9.96B | Total Debt |
| 2.51B | 2.67B | 3.02B | 3.40B | 3.59B | Net Debt |
| 1.41B | 1.52B | 1.93B | 2.06B | 2.00B | Total Liabilities |
| 5.67B | 5.50B | 6.00B | 6.49B | 6.94B | Stockholders Equity |
| 1.23B | 1.90B | 2.83B | 3.14B | 3.09B |
| Cash Flow | Free Cash Flow | |||
| -67.00M | -375.00M | 62.00M | 482.00M | 525.00M | Operating Cash Flow |
| 435.00M | 674.00M | 599.00M | 792.00M | 702.00M | Investing Cash Flow |
| -424.00M | -826.00M | -183.00M | -560.00M | -1.49B | Financing Cash Flow |
| -98.00M | 245.00M | -726.00M | -534.00M | 1.95B |
ams-OSRAM Technical Analysis
Negative
6.06
Price Trends
8.25
Negative
7.34
Negative
8.57
Negative
Market Momentum
-0.72
Negative
36.93
Neutral
70.35
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:AMS, the sentiment is Negative. The current price of 6.06 is below the 20-day moving average (MA) of 6.75, below the 50-day MA of 8.25, and below the 200-day MA of 8.57, indicating a bearish trend. The MACD of -0.72 indicates Negative momentum. The RSI at 36.93 is Neutral, neither overbought nor oversold. The STOCH value of 70.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CH:AMS.
ams-OSRAM Peers Comparison
Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Performance Comparison
CH:AMS
ams-OSRAM
6.25
-3.97
-38.89%
LOGI
Logitech
74.95
-3.21
-4.11%
TMNSF
Temenos
74.49
9.59
14.78%
UBLXF
u-blox Holding AG
86.20
-2.56
-2.88%
CH:SWON
SoftwareOne Holding Ltd.
5.52
-10.28
-65.06%
ams-OSRAM Earnings Call Summary
Earnings Call Date: Feb 11, 2025 | % Change Since: -11.07% | Next Earnings Date: Apr 30, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed sentiment. While the company achieved significant milestones in turnaround efforts and new business wins, challenges persist in certain segments, including the cancellation of the microLED project and ongoing financial losses.Highlights
Successful Turnaround and Cash Generation
The company successfully turned around its financial performance, generating a positive free cash flow of EUR 12 million in 2024 from a negative EUR 332 million the previous year.
Reestablished Base Program Exceeds Targets
The reestablished base strategic efficiency program exceeded its fiscal year '24 targets with implemented run rate savings of EUR 110 million, well ahead of the EUR 75 million target.
Strong Performance in Traditional Halogen Lamp Business
Revenues from the halogen lamp business were up 18% quarter-over-quarter, driving a 35% increase in adjusted EBITDA.
Positive Momentum in New Business Wins
Close to EUR 5 billion in new business design wins were secured, with significant wins in automotive and professional lighting.
Technology Leadership Recognized
The company won the German Future Award for its advancements in automotive lighting technology.
Lowlights
Cancellation of MicroLED Project
The cancellation of the microLED cornerstone project was a significant headwind during the year.
Decline in Semiconductor Revenues
Semiconductor revenues declined by 6% quarter-over-quarter, with challenges in the automotive and industrial medical segments.
Negative IFRS Net Result
The IFRS net result improved but remained negative at EUR 785 million, indicating ongoing financial challenges.
Weakness in Industrial Medical Market
The industrial medical segment remained the weakest, with continued declines in horticulture and professional lighting segments.
Company Guidance
During the earnings call for the fourth quarter and fiscal year 2024, significant metrics were discussed, highlighting both challenges and achievements. The company reported flat quarter-over-quarter revenues at EUR 882 million, which exceeded the midpoint of their guidance. Year-over-year, revenues declined by 3%, primarily due to weaker industrial and medical sectors and the phaseout of an OEM lamps module business. The adjusted EBITDA margin improved by 50 basis points to 17%, aided by cost savings and nonrefundable engineering payments. Despite a EUR 60 million decrease in quarter-over-quarter EBITDA, the company maintained robust cash flow, with a free cash flow turnaround from minus EUR 332 million to a positive EUR 12 million within a year. For the semiconductor segment, revenues dropped 8% quarter-over-quarter to EUR 350 million, while the Sensor and ASIC business saw a 3% decline in revenues to EUR 258 million but a 15% increase in adjusted EBITDA to EUR 55 million. The company also achieved EUR 5 billion in new business wins, illustrating strong growth potential for the coming years. Looking ahead to 2025, the company anticipates free cash flow exceeding EUR 100 million, despite a challenging first half, as they expect a more pronounced second-half recovery driven by automotive, industrial, and smartphone project ramps.ams-OSRAM Corporate Events
ams OSRAM Publishes 2024 Annual and Sustainability Report
Mar 21, 2025
ams OSRAM has released its 2024 annual report, which for the first time includes a sustainability report, reflecting the company’s commitment to societal megatrends such as digitalization, smart living, and sustainability. This publication marks a significant step in the company’s operations, potentially enhancing its industry positioning and stakeholder engagement by aligning with global sustainability goals.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.