SIGNIFY NV (LIGHT.AS) Stock Fundamental Analysis

Europe • Euronext Amsterdam • AMS:LIGHT • NL0011821392

20.06 EUR
+0.32 (+1.62%)
Last: Feb 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Taking everything into account, LIGHT scores 4 out of 10 in our fundamental rating. LIGHT was compared to 71 industry peers in the Electrical Equipment industry. While LIGHT is still in line with the averages on profitability rating, there are concerns on its financial health. LIGHT is valued quite cheap, but it does not seem to be growing. Finally LIGHT also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • LIGHT had positive earnings in the past year.
  • In the past year LIGHT had a positive cash flow from operations.
  • In the past 5 years LIGHT has always been profitable.
  • Each year in the past 5 years LIGHT had a positive operating cash flow.
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

  • LIGHT has a Return On Assets of 3.78%. This is in the better half of the industry: LIGHT outperforms 65.67% of its industry peers.
  • LIGHT's Return On Equity of 9.50% is in line compared to the rest of the industry. LIGHT outperforms 59.70% of its industry peers.
  • LIGHT has a better Return On Invested Capital (8.45%) than 70.15% of its industry peers.
Industry RankSector Rank
ROA 3.78%
ROE 9.5%
ROIC 8.45%
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • LIGHT has a Profit Margin of 4.41%. This is in the better half of the industry: LIGHT outperforms 62.69% of its industry peers.
  • In the last couple of years the Profit Margin of LIGHT has declined.
  • Looking at the Operating Margin, with a value of 7.94%, LIGHT is in the better half of the industry, outperforming 67.16% of the companies in the same industry.
  • LIGHT's Operating Margin has declined in the last couple of years.
  • LIGHT has a better Gross Margin (40.12%) than 64.18% of its industry peers.
  • In the last couple of years the Gross Margin of LIGHT has remained more or less at the same level.
Industry RankSector Rank
OM 7.94%
PM (TTM) 4.41%
GM 40.12%
OM growth 3Y9.55%
OM growth 5Y-2.19%
PM growth 3Y-14.14%
PM growth 5Y-2.49%
GM growth 3Y2.42%
GM growth 5Y0.42%
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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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so LIGHT is still creating some value.
  • There is no outstanding debt for LIGHT. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
LIGHT.AS Yearly Shares OutstandingLIGHT.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 2B 4B 6B 8B

2.2 Solvency

  • 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.
  • With a decent Debt to FCF ratio value of 3.96, LIGHT is doing good in the industry, outperforming 71.64% of the companies in the same industry.
  • 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 comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.41
Debt/FCF 3.96
Altman-Z N/A
ROIC/WACC1.01
WACC8.35%
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 65.67% 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.
  • LIGHT's Quick ratio of 0.75 is on the low side compared to the rest of the industry. LIGHT is outperformed by 62.69% 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 1B 2B 3B

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

1

3. Growth

3.1 Past

  • The earnings per share for LIGHT have decreased strongly by -16.75% in the last year.
  • Measured over the past years, LIGHT shows a decrease in Earnings Per Share. The EPS has been decreasing by -2.28% on average per year.
  • Looking at the last year, LIGHT shows a decrease in Revenue. The Revenue has decreased by -6.15% in the last year.
  • LIGHT shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -0.34% yearly.
EPS 1Y (TTM)-16.75%
EPS 3Y-12.27%
EPS 5Y-2.28%
EPS Q2Q%-46.6%
Revenue 1Y (TTM)-6.15%
Revenue growth 3Y-3.61%
Revenue growth 5Y-0.34%
Sales Q2Q%-9.85%

3.2 Future

  • The Earnings Per Share is expected to grow by 8.95% on average over the next years. This is quite good.
  • The Revenue is expected to decrease by -1.09% on average over the next years.
EPS Next Y0.16%
EPS Next 2Y0.07%
EPS Next 3Y3.65%
EPS Next 5Y8.95%
Revenue Next Year-6.39%
Revenue Next 2Y-3.83%
Revenue Next 3Y-2.14%
Revenue Next 5Y-1.09%

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 decreasing: in the next years the growth will be less than in the last years.
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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Find the best growth stocksShow best growing peers

7

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 7.19 indicates a rather cheap valuation of LIGHT.
  • Based on the Price/Earnings ratio, LIGHT is valued cheaper than 98.51% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.93, LIGHT is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 7.18, the valuation of LIGHT can be described as very cheap.
  • 92.54% of the companies in the same industry are more expensive than LIGHT, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of LIGHT to the average of the S&P500 Index (27.77), we can say LIGHT is valued rather cheaply.
Industry RankSector Rank
PE 7.19
Fwd PE 7.18
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of LIGHT indicates a rather cheap valuation: LIGHT is cheaper than 95.52% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of LIGHT indicates a rather cheap valuation: LIGHT is cheaper than 95.52% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 6.45
EV/EBITDA 5
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

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates LIGHT does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)44.12
PEG (5Y)N/A
EPS Next 2Y0.07%
EPS Next 3Y3.65%

More info and screens

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

7

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 7.95%, LIGHT is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 0.74, 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 1.81, LIGHT pays a better dividend.
Industry RankSector Rank
Dividend Yield 7.95%

5.2 History

  • The dividend of LIGHT has a limited annual growth rate of 3.47%.
Dividend Growth(5Y)3.47%
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

  • 79.92% of the earnings are spent on dividend by LIGHT. This is not a sustainable payout ratio.
  • LIGHT's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP79.92%
EPS Next 2Y0.07%
EPS Next 3Y3.65%
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

More info and screens

Find the best dividend stocksShow peers with best dividend

SIGNIFY NV

AMS:LIGHT (2/6/2026, 7:00:00 PM)

20.06

+0.32 (+1.62%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)01-30
Earnings (Next)04-23
Inst Owners74.11%
Inst Owner ChangeN/A
Ins Owners3.62%
Ins Owner ChangeN/A
Market Cap2.57B
Revenue(TTM)5.76B
Net Income(TTM)254.00M
Analysts70
Price Target21.69 (8.13%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 7.95%
Yearly Dividend1.55
Dividend Growth(5Y)3.47%
DP79.92%
Div Incr Years4
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
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)-5.9%
PT rev (3m)-6.91%
EPS NQ rev (1m)-17.67%
EPS NQ rev (3m)-17.67%
EPS NY rev (1m)-0.14%
EPS NY rev (3m)-3.61%
Revenue NQ rev (1m)-1.29%
Revenue NQ rev (3m)-1.29%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.2%
Valuation
Industry RankSector Rank
PE 7.19
Fwd PE 7.18
P/S 0.45
P/FCF 6.45
P/OCF 4.85
P/B 0.96
P/tB N/A
EV/EBITDA 5
EPS(TTM)2.79
EY13.91%
EPS(NY)2.79
Fwd EY13.92%
FCF(TTM)3.11
FCFY15.5%
OCF(TTM)4.14
OCFY20.63%
SpS44.92
BVpS20.83
TBVpS-3.53
PEG (NY)44.12
PEG (5Y)N/A
Graham Number36.16
Profitability
Industry RankSector Rank
ROA 3.78%
ROE 9.5%
ROCE 10.21%
ROIC 8.45%
ROICexc 9.81%
ROICexgc 51.48%
OM 7.94%
PM (TTM) 4.41%
GM 40.12%
FCFM 6.92%
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y9.55%
OM growth 5Y-2.19%
PM growth 3Y-14.14%
PM growth 5Y-2.49%
GM growth 3Y2.42%
GM growth 5Y0.42%
F-Score5
Asset Turnover0.86
Health
Industry RankSector Rank
Debt/Equity 0.41
Debt/FCF 3.96
Debt/EBITDA 1.54
Cap/Depr 53.23%
Cap/Sales 2.29%
Interest Coverage 250
Cash Conversion 75.21%
Profit Quality 157.09%
Current Ratio 1.17
Quick Ratio 0.75
Altman-Z N/A
F-Score5
WACC8.35%
ROIC/WACC1.01
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)-16.75%
EPS 3Y-12.27%
EPS 5Y-2.28%
EPS Q2Q%-46.6%
EPS Next Y0.16%
EPS Next 2Y0.07%
EPS Next 3Y3.65%
EPS Next 5Y8.95%
Revenue 1Y (TTM)-6.15%
Revenue growth 3Y-3.61%
Revenue growth 5Y-0.34%
Sales Q2Q%-9.85%
Revenue Next Year-6.39%
Revenue Next 2Y-3.83%
Revenue Next 3Y-2.14%
Revenue Next 5Y-1.09%
EBIT growth 1Y-14.87%
EBIT growth 3Y0.29%
EBIT growth 5Y-4.51%
EBIT Next Year42.66%
EBIT Next 3Y20.33%
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 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 8 / 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 8 / 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 79.92%.