SIGNIFY NV (LIGHT.AS) Fundamental Analysis & Valuation

AMS:LIGHT • NL0011821392

Current stock price

18.54 EUR
+0.19 (+1.04%)
Last:

This LIGHT.AS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. LIGHT.AS Profitability Analysis

1.1 Basic Checks

  • LIGHT had positive earnings in the past year.
  • In the past year LIGHT had a positive cash flow from operations.
  • LIGHT had positive earnings in each of the past 5 years.
  • LIGHT had a positive operating cash flow in each of the past 5 years.
LIGHT.AS Yearly Net Income VS EBIT VS OCF VS FCFLIGHT.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 3.79%, LIGHT is in the better half of the industry, outperforming 60.29% of the companies in the same industry.
  • With a Return On Equity value of 9.54%, LIGHT perfoms like the industry average, outperforming 55.88% of the companies in the same industry.
  • With a decent Return On Invested Capital value of 8.36%, LIGHT is doing good in the industry, outperforming 69.12% of the companies in the same industry.
  • LIGHT had an Average Return On Invested Capital over the past 3 years of 9.01%. This is in line with the industry average of 9.48%.
Industry RankSector Rank
ROA 3.79%
ROE 9.54%
ROIC 8.36%
ROA(3y)3.56%
ROA(5y)4.36%
ROE(3y)9.03%
ROE(5y)12.23%
ROIC(3y)9.01%
ROIC(5y)8.68%
LIGHT.AS Yearly ROA, ROE, ROICLIGHT.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • The Profit Margin of LIGHT (4.42%) is comparable to the rest of the industry.
  • LIGHT's Profit Margin has declined in the last couple of years.
  • LIGHT has a better Operating Margin (7.86%) than 64.71% of its industry peers.
  • In the last couple of years the Operating Margin of LIGHT has declined.
  • Looking at the Gross Margin, with a value of 40.03%, LIGHT is in the better half of the industry, outperforming 60.29% of the companies in the same industry.
  • In the last couple of years the Gross Margin of LIGHT has remained more or less at the same level.
Industry RankSector Rank
OM 7.86%
PM (TTM) 4.42%
GM 40.03%
OM growth 3Y9.23%
OM growth 5Y-2.36%
PM growth 3Y-14.14%
PM growth 5Y-2.49%
GM growth 3Y2.36%
GM growth 5Y0.38%
LIGHT.AS Yearly Profit, Operating, Gross MarginsLIGHT.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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4

2. LIGHT.AS Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), LIGHT is creating some value.
  • The number of shares outstanding for LIGHT has been reduced compared to 1 year ago.
  • The number of shares outstanding for LIGHT has been reduced compared to 5 years ago.
  • The debt/assets ratio for LIGHT is higher compared to a year ago.
LIGHT.AS Yearly Shares OutstandingLIGHT.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M
LIGHT.AS Yearly Total Debt VS Total AssetsLIGHT.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • Based on the Altman-Z score of 1.67, we must say that LIGHT is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of 1.67, LIGHT perfoms like the industry average, outperforming 41.18% of the companies in the same industry.
  • LIGHT has a debt to FCF ratio of 3.96. This is a good value and a sign of high solvency as LIGHT would need 3.96 years to pay back of all of its debts.
  • LIGHT has a Debt to FCF ratio of 3.96. This is in the better half of the industry: LIGHT outperforms 70.59% of its industry peers.
  • LIGHT has a Debt/Equity ratio of 0.41. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of LIGHT (0.41) is better than 61.76% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.41
Debt/FCF 3.96
Altman-Z 1.67
ROIC/WACC1.02
WACC8.17%
LIGHT.AS Yearly LT Debt VS Equity VS FCFLIGHT.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.3 Liquidity

  • A Current Ratio of 1.17 indicates that LIGHT should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.17, LIGHT is doing worse than 70.59% of the companies in the same industry.
  • A Quick Ratio of 0.75 indicates that LIGHT may have some problems paying its short term obligations.
  • LIGHT's Quick ratio of 0.75 is on the low side compared to the rest of the industry. LIGHT is outperformed by 67.65% of its industry peers.
Industry RankSector Rank
Current Ratio 1.17
Quick Ratio 0.75
LIGHT.AS Yearly Current Assets VS Current LiabilitesLIGHT.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

2

3. LIGHT.AS Growth Analysis

3.1 Past

  • LIGHT shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -6.06%.
  • LIGHT shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -6.67% yearly.
  • LIGHT shows a decrease in Revenue. In the last year, the revenue decreased by -6.15%.
  • LIGHT shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -2.38% yearly.
EPS 1Y (TTM)-6.06%
EPS 3Y-11.42%
EPS 5Y-6.67%
EPS Q2Q%-21%
Revenue 1Y (TTM)-6.15%
Revenue growth 3Y-8.45%
Revenue growth 5Y-2.38%
Sales Q2Q%-9.85%

3.2 Future

  • The Earnings Per Share is expected to grow by 1.00% on average over the next years.
  • The Revenue is expected to decrease by -0.31% on average over the next years.
EPS Next Y-23.67%
EPS Next 2Y-2.84%
EPS Next 3Y1%
EPS Next 5YN/A
Revenue Next Year-3.5%
Revenue Next 2Y-1.31%
Revenue Next 3Y-0.31%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
LIGHT.AS Yearly Revenue VS EstimatesLIGHT.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2B 4B 6B
LIGHT.AS Yearly EPS VS EstimatesLIGHT.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3 4

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7

4. LIGHT.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 7.08, the valuation of LIGHT can be described as very cheap.
  • Compared to the rest of the industry, the Price/Earnings ratio of LIGHT indicates a rather cheap valuation: LIGHT is cheaper than 97.06% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 25.96, LIGHT is valued rather cheaply.
  • The Price/Forward Earnings ratio is 9.27, which indicates a very decent valuation of LIGHT.
  • LIGHT's Price/Forward Earnings ratio is rather cheap when compared to the industry. LIGHT is cheaper than 85.29% of the companies in the same industry.
  • LIGHT's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.04.
Industry RankSector Rank
PE 7.08
Fwd PE 9.27
LIGHT.AS Price Earnings VS Forward Price EarningsLIGHT.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, LIGHT is valued cheaper than 91.18% of the companies in the same industry.
  • LIGHT's Price/Free Cash Flow ratio is rather cheap when compared to the industry. LIGHT is cheaper than 94.12% of the companies in the same industry.
Industry RankSector Rank
P/FCF 5.7
EV/EBITDA 4.57
LIGHT.AS Per share dataLIGHT.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-2.84%
EPS Next 3Y1%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. LIGHT.AS Dividend Analysis

5.1 Amount

  • LIGHT has a Yearly Dividend Yield of 8.50%, which is a nice return.
  • Compared to an average industry Dividend Yield of 0.96, LIGHT pays a better dividend. On top of this LIGHT pays more dividend than 100.00% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.91, LIGHT pays a better dividend.
Industry RankSector Rank
Dividend Yield 8.5%

5.2 History

  • On average, the dividend of LIGHT grows each year by 64.98%, which is quite nice.
Dividend Growth(5Y)64.98%
Div Incr Years4
Div Non Decr Years4
LIGHT.AS Yearly Dividends per shareLIGHT.AS Yearly Dividends per shareYearly Dividends per share 2019 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • LIGHT pays out 79.61% of its income as dividend. This is not a sustainable payout ratio.
  • LIGHT's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP79.61%
EPS Next 2Y-2.84%
EPS Next 3Y1%
LIGHT.AS Yearly Income VS Free CF VS DividendLIGHT.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
LIGHT.AS Dividend Payout.LIGHT.AS Dividend Payout, showing the Payout Ratio.LIGHT.AS Dividend Payout.PayoutRetained Earnings

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LIGHT.AS Fundamentals: All Metrics, Ratios and Statistics

SIGNIFY NV

AMS:LIGHT (3/16/2026, 7:00:00 PM)

18.54

+0.19 (+1.04%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)01-30
Earnings (Next)04-24
Inst Owners73.86%
Inst Owner ChangeN/A
Ins Owners3.58%
Ins Owner ChangeN/A
Market Cap2.27B
Revenue(TTM)5.76B
Net Income(TTM)255.00M
Analysts52
Price Target20.36 (9.82%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 8.5%
Yearly Dividend1.65
Dividend Growth(5Y)64.98%
DP79.61%
Div Incr Years4
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.77%
Min EPS beat(2)5%
Max EPS beat(2)6.53%
EPS beat(4)4
Avg EPS beat(4)26.88%
Min EPS beat(4)5%
Max EPS beat(4)77.34%
EPS beat(8)7
Avg EPS beat(8)19.44%
EPS beat(12)9
Avg EPS beat(12)17.4%
EPS beat(16)13
Avg EPS beat(16)16.51%
Revenue beat(2)0
Avg Revenue beat(2)-5.36%
Min Revenue beat(2)-6.1%
Max Revenue beat(2)-4.61%
Revenue beat(4)0
Avg Revenue beat(4)-3.62%
Min Revenue beat(4)-6.1%
Max Revenue beat(4)-1.56%
Revenue beat(8)0
Avg Revenue beat(8)-4.29%
Revenue beat(12)0
Avg Revenue beat(12)-4.42%
Revenue beat(16)1
Avg Revenue beat(16)-3.71%
PT rev (1m)-6.15%
PT rev (3m)-12.97%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-44.03%
EPS NY rev (1m)-28.4%
EPS NY rev (3m)-29.99%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.72%
Revenue NY rev (1m)-2.39%
Revenue NY rev (3m)-2.75%
Valuation
Industry RankSector Rank
PE 7.08
Fwd PE 9.27
P/S 0.39
P/FCF 5.7
P/OCF 4.28
P/B 0.85
P/tB N/A
EV/EBITDA 4.57
EPS(TTM)2.62
EY14.13%
EPS(NY)2
Fwd EY10.79%
FCF(TTM)3.26
FCFY17.56%
OCF(TTM)4.33
OCFY23.36%
SpS47.03
BVpS21.81
TBVpS-3.7
PEG (NY)N/A
PEG (5Y)N/A
Graham Number35.85
Profitability
Industry RankSector Rank
ROA 3.79%
ROE 9.54%
ROCE 10.1%
ROIC 8.36%
ROICexc 9.7%
ROICexgc 50.92%
OM 7.86%
PM (TTM) 4.42%
GM 40.03%
FCFM 6.92%
ROA(3y)3.56%
ROA(5y)4.36%
ROE(3y)9.03%
ROE(5y)12.23%
ROIC(3y)9.01%
ROIC(5y)8.68%
ROICexc(3y)10.88%
ROICexc(5y)10.34%
ROICexgc(3y)71.85%
ROICexgc(5y)55.42%
ROCE(3y)10.89%
ROCE(5y)10.49%
ROICexgc growth 3Y31.72%
ROICexgc growth 5Y-6.04%
ROICexc growth 3Y10.73%
ROICexc growth 5Y-5.44%
OM growth 3Y9.23%
OM growth 5Y-2.36%
PM growth 3Y-14.14%
PM growth 5Y-2.49%
GM growth 3Y2.36%
GM growth 5Y0.38%
F-Score5
Asset Turnover0.86
Health
Industry RankSector Rank
Debt/Equity 0.41
Debt/FCF 3.96
Debt/EBITDA 1.55
Cap/Depr 53.23%
Cap/Sales 2.29%
Interest Coverage 250
Cash Conversion 75.75%
Profit Quality 156.47%
Current Ratio 1.17
Quick Ratio 0.75
Altman-Z 1.67
F-Score5
WACC8.17%
ROIC/WACC1.02
Cap/Depr(3y)45.04%
Cap/Depr(5y)42.89%
Cap/Sales(3y)1.89%
Cap/Sales(5y)1.83%
Profit Quality(3y)189.45%
Profit Quality(5y)152.52%
High Growth Momentum
Growth
EPS 1Y (TTM)-6.06%
EPS 3Y-11.42%
EPS 5Y-6.67%
EPS Q2Q%-21%
EPS Next Y-23.67%
EPS Next 2Y-2.84%
EPS Next 3Y1%
EPS Next 5YN/A
Revenue 1Y (TTM)-6.15%
Revenue growth 3Y-8.45%
Revenue growth 5Y-2.38%
Sales Q2Q%-9.85%
Revenue Next Year-3.5%
Revenue Next 2Y-1.31%
Revenue Next 3Y-0.31%
Revenue Next 5YN/A
EBIT growth 1Y-15.8%
EBIT growth 3Y0%
EBIT growth 5Y-4.68%
EBIT Next Year24.49%
EBIT Next 3Y11.25%
EBIT Next 5YN/A
FCF growth 1Y-3.86%
FCF growth 3Y17.81%
FCF growth 5Y-12.79%
OCF growth 1Y3.31%
OCF growth 3Y12.19%
OCF growth 5Y-9.83%

SIGNIFY NV / LIGHT.AS Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for SIGNIFY NV?

ChartMill assigns a fundamental rating of 5 / 10 to LIGHT.AS.


What is the valuation status for LIGHT stock?

ChartMill assigns a valuation rating of 7 / 10 to SIGNIFY NV (LIGHT.AS). This can be considered as Undervalued.


How profitable is SIGNIFY NV (LIGHT.AS) stock?

SIGNIFY NV (LIGHT.AS) has a profitability rating of 5 / 10.


How financially healthy is SIGNIFY NV?

The financial health rating of SIGNIFY NV (LIGHT.AS) is 4 / 10.


How sustainable is the dividend of SIGNIFY NV (LIGHT.AS) stock?

The dividend rating of SIGNIFY NV (LIGHT.AS) is 7 / 10 and the dividend payout ratio is 79.61%.