Company Valuation: OSRAM Licht AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025
Market Cap 1 5,368 4,639 4,803 4,860 4,973
Change - -13.6% 3.55% 1.18% 2.33%
Enterprise Value (EV) 1 5,958 5,229 5,328 5,385 5,497
Change - -12.25% 1.91% 1.06% 2.08%
P/E 82.7x - 80.6x - 32.7x
PBR 2.68x 2.31x 2.32x 2.3x 2.19x
PEG -1x - - - -
Capitalization / Revenue 1,789x - - 547x 377x
EV / Revenue 1,986x - - 606x 417x
EV / EBITDA 18.7x -424x -496x -4,860x -1,323x
EV / EBIT -142x -423x -494x -4,732x -1,318x
EV / FCF - - - - -
FCF Yield - - - - -
Dividend per Share 2 - - 2.24 - -
Rate of return - - 4.39% - -
EPS 2 0.689 - 0.6326 - 1.616
Distribution rate - - 354% - -
Net sales 1 3 - - 8.887 13.2
EBITDA 1 319.1 -12.33 -10.75 -1.108 -4.154
EBIT 1 -41.89 -12.36 -10.78 -1.138 -4.171
Net income 1 64.9 - 59.58 - 152.2
Net Debt 1 590 590 525 525 523.9
Reference price 2 57.00 49.25 51.00 51.60 52.80
Nbr of stocks (in thousands) 94,184 94,184 94,184 94,184 94,184
Announcement Date 2/15/22 3/1/23 3/19/24 3/20/25 4/9/26
1EUR in Million2EUR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.5x3.02x16.49x2.03% 239B
14.05x1.73x7.84x3.64% 203B
31.75x4.07x18.74x1.54% 192B
38.88x5.73x24.04x1.01% 169B
46x6.17x27.61x1.08% 154B
30.69x4.41x21.61x0.88% 102B
41.78x6.87x27.57x0.1% 97.09B
93.76x11.62x66.36x0.33% 96.97B
32.65x4.05x21.73x1.03% 94.64B
Average 39.45x 5.30x 25.78x 1.29% 149.75B
Weighted average by Cap. 35.66x 4.75x 22.86x 1.55%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA