Logo image of LIGHT.AS

SIGNIFY NV (LIGHT.AS) Stock Fundamental Analysis

AMS:LIGHT - Euronext Amsterdam - NL0011821392 - Common Stock - Currency: EUR

20.8  +0.32 (+1.56%)

Fundamental Rating

5

Taking everything into account, LIGHT scores 5 out of 10 in our fundamental rating. LIGHT was compared to 59 industry peers in the Electrical Equipment industry. While LIGHT has a great profitability rating, there are quite some concerns on its financial health. LIGHT is valued quite cheap, but it does not seem to be growing. LIGHT also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

Quickly go to:

7

1. Profitability

1.1 Basic Checks

In the past year LIGHT was profitable.
LIGHT had a positive operating cash flow in the past year.
Each year in the past 5 years LIGHT has been profitable.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

1.2 Ratios

LIGHT's Return On Assets of 4.37% is fine compared to the rest of the industry. LIGHT outperforms 68.52% of its industry peers.
The Return On Equity of LIGHT (10.37%) is better than 61.11% of its industry peers.
With a decent Return On Invested Capital value of 8.77%, LIGHT is doing good in the industry, outperforming 75.93% of the companies in the same industry.
Industry RankSector Rank
ROA 4.37%
ROE 10.37%
ROIC 8.77%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
LIGHT.AS Yearly ROA, ROE, ROICLIGHT.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

LIGHT has a better Profit Margin (5.34%) than 72.22% of its industry peers.
LIGHT's Profit Margin has improved in the last couple of years.
LIGHT has a Operating Margin of 8.79%. This is in the better half of the industry: LIGHT outperforms 77.78% of its industry peers.
LIGHT's Operating Margin has improved in the last couple of years.
LIGHT has a Gross Margin (40.75%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of LIGHT has grown nicely.
Industry RankSector Rank
OM 8.79%
PM (TTM) 5.34%
GM 40.75%
OM growth 3Y-2.99%
OM growth 5Y7.06%
PM growth 3Y-2.65%
PM growth 5Y4.95%
GM growth 3Y1.11%
GM growth 5Y1.97%
LIGHT.AS Yearly Profit, Operating, Gross MarginsLIGHT.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

More info and screens

3

2. Health

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 no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
LIGHT.AS Yearly Shares OutstandingLIGHT.AS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M
LIGHT.AS Yearly Total Debt VS Total AssetsLIGHT.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B

2.2 Solvency

The Debt to FCF ratio of LIGHT is 3.74, which is a good value as it means it would take LIGHT, 3.74 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of LIGHT (3.74) is better than 77.78% of its industry peers.
A Debt/Equity ratio of 0.36 indicates that LIGHT is not too dependend on debt financing.
LIGHT has a better Debt to Equity ratio (0.36) than 68.52% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.36
Debt/FCF 3.74
Altman-Z N/A
ROIC/WACC1.38
WACC6.36%
LIGHT.AS Yearly LT Debt VS Equity VS FCFLIGHT.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.3 Liquidity

A Current Ratio of 1.22 indicates that LIGHT should not have too much problems paying its short term obligations.
LIGHT has a Current ratio of 1.22. This is in the lower half of the industry: LIGHT underperforms 62.96% of its industry peers.
LIGHT has a Quick Ratio of 1.22. 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 0.80, LIGHT is doing worse than 62.96% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.22
Quick Ratio 0.8
LIGHT.AS Yearly Current Assets VS Current LiabilitesLIGHT.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B

More info and screens

3

3. Growth

3.1 Past

The earnings per share for LIGHT have decreased strongly by -16.75% in the last year.
LIGHT shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.28% yearly.
The Revenue has decreased by -8.38% in the past year.
The Revenue has been decreasing by -0.34% on average over the past years.
EPS 1Y (TTM)-16.75%
EPS 3Y-12.27%
EPS 5Y-2.28%
EPS Q2Q%-18.7%
Revenue 1Y (TTM)-8.38%
Revenue growth 3Y-3.61%
Revenue growth 5Y-0.34%
Sales Q2Q%-4.56%

3.2 Future

Based on estimates for the next years, LIGHT will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.63% on average per year.
The Revenue is expected to grow by 0.91% on average over the next years.
EPS Next Y16.33%
EPS Next 2Y13.05%
EPS Next 3Y11.41%
EPS Next 5Y10.63%
Revenue Next Year1.21%
Revenue Next 2Y1.53%
Revenue Next 3Y2.24%
Revenue Next 5Y0.91%

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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
LIGHT.AS Yearly Revenue VS EstimatesLIGHT.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3 4

More info and screens

9

4. Valuation

4.1 Price/Earnings Ratio

LIGHT is valuated cheaply with a Price/Earnings ratio of 7.46.
Compared to the rest of the industry, the Price/Earnings ratio of LIGHT indicates a rather cheap valuation: LIGHT is cheaper than 92.59% of the companies listed in the same industry.
LIGHT's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.47.
Based on the Price/Forward Earnings ratio of 6.41, the valuation of LIGHT can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of LIGHT indicates a rather cheap valuation: LIGHT is cheaper than 94.44% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 92.74. LIGHT is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 7.46
Fwd PE 6.41
LIGHT.AS Price Earnings VS Forward Price EarningsLIGHT.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of LIGHT indicates a rather cheap valuation: LIGHT is cheaper than 83.33% of the companies listed in the same industry.
LIGHT's Price/Free Cash Flow ratio is rather cheap when compared to the industry. LIGHT is cheaper than 94.44% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.43
EV/EBITDA 4.46
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

LIGHT's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of LIGHT may justify a higher PE ratio.
PEG (NY)0.46
PEG (5Y)N/A
EPS Next 2Y13.05%
EPS Next 3Y11.41%

More info and screens

7

5. Dividend

5.1 Amount

LIGHT has a Yearly Dividend Yield of 7.39%, which is a nice return.
LIGHT's Dividend Yield is rather good when compared to the industry average which is at 3.14. LIGHT pays more dividend than 100.00% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.28, LIGHT pays a better dividend.
Industry RankSector Rank
Dividend Yield 7.39%

5.2 History

The dividend of LIGHT has a limited annual growth rate of 3.08%.
Dividend Growth(5Y)3.08%
Div Incr Years3
Div Non Decr Years3
LIGHT.AS Yearly Dividends per shareLIGHT.AS Yearly Dividends per shareYearly Dividends per share 2019 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

LIGHT pays out 67.38% of its income as dividend. This is not a sustainable payout ratio.
LIGHT's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP67.38%
EPS Next 2Y13.05%
EPS Next 3Y11.41%
LIGHT.AS Yearly Income VS Free CF VS DividendLIGHT.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M
LIGHT.AS Dividend Payout.LIGHT.AS Dividend Payout, showing the Payout Ratio.LIGHT.AS Dividend Payout.PayoutRetained Earnings

More info and screens

SIGNIFY NV

AMS:LIGHT (2/5/2025, 5:35:30 PM)

20.8

+0.32 (+1.56%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)01-24 2025-01-24/bmo
Earnings (Next)N/A N/A
Inst Owners72.49%
Inst Owner ChangeN/A
Ins Owners0.33%
Ins Owner ChangeN/A
Market Cap2.67B
Analysts76.52
Price Target28.55 (37.26%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 7.39%
Yearly Dividend1.5
Dividend Growth(5Y)3.08%
DP67.38%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)26.59%
Min EPS beat(2)25.36%
Max EPS beat(2)27.81%
EPS beat(4)3
Avg EPS beat(4)12.01%
Min EPS beat(4)-12.02%
Max EPS beat(4)27.81%
EPS beat(8)5
Avg EPS beat(8)12.65%
EPS beat(12)9
Avg EPS beat(12)13.05%
EPS beat(16)13
Avg EPS beat(16)17.39%
Revenue beat(2)0
Avg Revenue beat(2)-3.5%
Min Revenue beat(2)-3.72%
Max Revenue beat(2)-3.27%
Revenue beat(4)0
Avg Revenue beat(4)-4.96%
Min Revenue beat(4)-7.79%
Max Revenue beat(4)-3.27%
Revenue beat(8)0
Avg Revenue beat(8)-4.82%
Revenue beat(12)1
Avg Revenue beat(12)-3.75%
Revenue beat(16)2
Avg Revenue beat(16)-3.45%
PT rev (1m)-2.29%
PT rev (3m)-5.56%
EPS NQ rev (1m)1.96%
EPS NQ rev (3m)-20%
EPS NY rev (1m)-0.75%
EPS NY rev (3m)-0.75%
Revenue NQ rev (1m)1.78%
Revenue NQ rev (3m)-3.5%
Revenue NY rev (1m)-0.28%
Revenue NY rev (3m)-0.28%
Valuation
Industry RankSector Rank
PE 7.46
Fwd PE 6.41
P/S 0.43
P/FCF 6.43
P/OCF 5.19
P/B 0.84
P/tB N/A
EV/EBITDA 4.46
EPS(TTM)2.79
EY13.41%
EPS(NY)3.24
Fwd EY15.6%
FCF(TTM)3.23
FCFY15.55%
OCF(TTM)4
OCFY19.25%
SpS47.87
BVpS24.64
TBVpS-2.72
PEG (NY)0.46
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 4.37%
ROE 10.37%
ROCE 10.63%
ROIC 8.77%
ROICexc 10.01%
ROICexgc 47.49%
OM 8.79%
PM (TTM) 5.34%
GM 40.75%
FCFM 6.76%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-2.99%
OM growth 5Y7.06%
PM growth 3Y-2.65%
PM growth 5Y4.95%
GM growth 3Y1.11%
GM growth 5Y1.97%
F-Score7
Asset Turnover0.82
Health
Industry RankSector Rank
Debt/Equity 0.36
Debt/FCF 3.74
Debt/EBITDA 1.43
Cap/Depr 38.82%
Cap/Sales 1.61%
Interest Coverage 250
Cash Conversion 64.65%
Profit Quality 126.52%
Current Ratio 1.22
Quick Ratio 0.8
Altman-Z N/A
F-Score7
WACC6.36%
ROIC/WACC1.38
Cap/Depr(3y)41.13%
Cap/Depr(5y)38.27%
Cap/Sales(3y)1.71%
Cap/Sales(5y)1.68%
Profit Quality(3y)152.64%
Profit Quality(5y)169.78%
High Growth Momentum
Growth
EPS 1Y (TTM)-16.75%
EPS 3Y-12.27%
EPS 5Y-2.28%
EPS Q2Q%-18.7%
EPS Next Y16.33%
EPS Next 2Y13.05%
EPS Next 3Y11.41%
EPS Next 5Y10.63%
Revenue 1Y (TTM)-8.38%
Revenue growth 3Y-3.61%
Revenue growth 5Y-0.34%
Sales Q2Q%-4.56%
Revenue Next Year1.21%
Revenue Next 2Y1.53%
Revenue Next 3Y2.24%
Revenue Next 5Y0.91%
EBIT growth 1Y-7.69%
EBIT growth 3Y-6.49%
EBIT growth 5Y6.7%
EBIT Next Year45.35%
EBIT Next 3Y21%
EBIT Next 5Y16.7%
FCF growth 1Y-28.2%
FCF growth 3Y-10.86%
FCF growth 5Y-4.11%
OCF growth 1Y-26.15%
OCF growth 3Y-9.95%
OCF growth 5Y-3.01%