SIGNIFY NV (LIGHT.AS) Fundamental Analysis & Valuation

AMS:LIGHT • NL0011821392

Current stock price

19.26 EUR
-0.52 (-2.63%)
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.
  • LIGHT had a positive operating cash flow in the past year.
  • Each year in the past 5 years LIGHT has been profitable.
  • In the past 5 years LIGHT always reported a positive cash flow from operatings.
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 62.67% of the companies in the same industry.
  • LIGHT has a Return On Equity (9.54%) which is comparable to the rest of the industry.
  • LIGHT has a better Return On Invested Capital (8.36%) than 72.00% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for LIGHT is in line with the industry average of 9.25%.
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 Operating Margin of 7.86%. This is in the better half of the industry: LIGHT outperforms 69.33% 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 line with its industry, outperforming 60.00% 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.
  • LIGHT has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, LIGHT has less shares outstanding
  • 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 1.70, we must say that LIGHT is in the distress zone and has some risk of bankruptcy.
  • LIGHT has a Altman-Z score of 1.70. This is in the lower half of the industry: LIGHT underperforms 65.33% of its industry peers.
  • The Debt to FCF ratio of LIGHT is 3.96, which is a good value as it means it would take LIGHT, 3.96 years of fcf income to pay off all of its debts.
  • LIGHT's Debt to FCF ratio of 3.96 is fine compared to the rest of the industry. LIGHT outperforms 66.67% 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.
  • With a decent Debt to Equity ratio value of 0.41, LIGHT is doing good in the industry, outperforming 61.33% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.41
Debt/FCF 3.96
Altman-Z 1.7
ROIC/WACC1.02
WACC8.2%
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

  • LIGHT has a Current Ratio of 1.17. This is a normal value and indicates that LIGHT is financially healthy and should not expect problems in meeting its short term obligations.
  • The Current ratio of LIGHT (1.17) is worse than 69.33% of its industry peers.
  • LIGHT has a Quick Ratio of 1.17. This is a bad value and indicates that LIGHT is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.75, LIGHT is doing worse than 72.00% of the companies in the same industry.
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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2

3. LIGHT.AS Growth Analysis

3.1 Past

  • The earnings per share for LIGHT have decreased by -6.06% in the last year.
  • LIGHT shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -6.67% yearly.
  • Looking at the last year, LIGHT shows a decrease in Revenue. The Revenue has decreased by -6.15% in the last year.
  • Measured over the past years, LIGHT shows a decrease in Revenue. The Revenue has been decreasing by -2.38% on average per year.
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

  • Based on estimates for the next years, LIGHT will show a small growth in Earnings Per Share. The EPS will grow by 2.64% on average per year.
  • LIGHT is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.48% yearly.
EPS Next Y-26.79%
EPS Next 2Y-4.04%
EPS Next 3Y2.64%
EPS Next 5YN/A
Revenue Next Year-4.17%
Revenue Next 2Y-1.7%
Revenue Next 3Y-0.48%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • 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

  • With a Price/Earnings ratio of 7.35, the valuation of LIGHT can be described as very cheap.
  • Based on the Price/Earnings ratio, LIGHT is valued cheaply inside the industry as 98.67% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of LIGHT to the average of the S&P500 Index (27.71), we can say LIGHT is valued rather cheaply.
  • LIGHT is valuated reasonably with a Price/Forward Earnings ratio of 10.04.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of LIGHT indicates a rather cheap valuation: LIGHT is cheaper than 89.33% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 38.09. LIGHT is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 7.35
Fwd PE 10.04
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 cheaply inside the industry as 96.00% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, LIGHT is valued cheaper than 97.33% of the companies in the same industry.
Industry RankSector Rank
P/FCF 5.92
EV/EBITDA 4.82
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-4.04%
EPS Next 3Y2.64%

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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 7.94%, which is a nice return.
  • Compared to an average industry Dividend Yield of 0.81, LIGHT pays a better dividend. On top of this LIGHT pays more dividend than 98.67% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.81, LIGHT pays a better dividend.
Industry RankSector Rank
Dividend Yield 7.94%

5.2 History

  • The dividend of LIGHT is nicely growing with an annual growth rate of 64.98%!
Dividend Growth(5Y)64.98%
Div Incr Years5
Div Non Decr Years5
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

  • 79.61% of the earnings are spent on dividend by LIGHT. 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-4.04%
EPS Next 3Y2.64%
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 (4/21/2026, 7:00:00 PM)

19.26

-0.52 (-2.63%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)01-30
Earnings (Next)04-24
Inst Owners85.24%
Inst Owner ChangeN/A
Ins Owners3.58%
Ins Owner ChangeN/A
Market Cap2.36B
Revenue(TTM)5.76B
Net Income(TTM)255.00M
Analysts52
Price Target20.15 (4.62%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 7.94%
Yearly Dividend1.65
Dividend Growth(5Y)64.98%
DP79.61%
Div Incr Years5
Div Non Decr Years5
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)-1.04%
PT rev (3m)-12.61%
EPS NQ rev (1m)-16.62%
EPS NQ rev (3m)-53.33%
EPS NY rev (1m)-4.09%
EPS NY rev (3m)-31.42%
Revenue NQ rev (1m)-0.59%
Revenue NQ rev (3m)-3.29%
Revenue NY rev (1m)-0.69%
Revenue NY rev (3m)-3.06%
Valuation
Industry RankSector Rank
PE 7.35
Fwd PE 10.04
P/S 0.41
P/FCF 5.92
P/OCF 4.45
P/B 0.88
P/tB N/A
EV/EBITDA 4.82
EPS(TTM)2.62
EY13.6%
EPS(NY)1.92
Fwd EY9.96%
FCF(TTM)3.26
FCFY16.9%
OCF(TTM)4.33
OCFY22.49%
SpS47.03
BVpS21.81
TBVpS-3.7
PEG (NY)N/A
PEG (5Y)N/A
Graham Number35.8535 (86.16%)
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 1.7
F-Score5
WACC8.2%
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-26.79%
EPS Next 2Y-4.04%
EPS Next 3Y2.64%
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-4.17%
Revenue Next 2Y-1.7%
Revenue Next 3Y-0.48%
Revenue Next 5YN/A
EBIT growth 1Y-15.8%
EBIT growth 3Y0%
EBIT growth 5Y-4.68%
EBIT Next Year22.57%
EBIT Next 3Y10.87%
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.


Can you provide the profitability details for SIGNIFY NV?

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


Can you provide the PE and PB ratios for LIGHT stock?

The Price/Earnings (PE) ratio for SIGNIFY NV (LIGHT.AS) is 7.35 and the Price/Book (PB) ratio is 0.88.


Can you provide the financial health for LIGHT stock?

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