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SIGNIFY NV (LIGHT.AS) Stock Fundamental Analysis

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

21.92  +0.16 (+0.74%)

Fundamental Rating

5

Taking everything into account, LIGHT scores 5 out of 10 in our fundamental rating. LIGHT was compared to 52 industry peers in the Electrical Equipment industry. While LIGHT belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. LIGHT has a bad growth rate and is valued cheaply. LIGHT also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

In the past year LIGHT was profitable.
In the past year LIGHT had a positive cash flow from operations.
LIGHT had positive earnings in each of the past 5 years.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

1.2 Ratios

Looking at the Return On Assets, with a value of 4.86%, LIGHT is in the better half of the industry, outperforming 78.85% of the companies in the same industry.
The Return On Equity of LIGHT (11.46%) is better than 67.31% of its industry peers.
LIGHT has a Return On Invested Capital of 8.89%. This is in the better half of the industry: LIGHT outperforms 75.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for LIGHT is in line with the industry average of 7.71%.
The 3 year average ROIC (8.31%) for LIGHT is below the current ROIC(8.89%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 4.86%
ROE 11.46%
ROIC 8.89%
ROA(3y)4.41%
ROA(5y)4.45%
ROE(3y)11.83%
ROE(5y)13.29%
ROIC(3y)8.31%
ROIC(5y)8.73%
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

Looking at the Profit Margin, with a value of 5.75%, LIGHT is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
In the last couple of years the Profit Margin of LIGHT has grown nicely.
With a decent Operating Margin value of 8.72%, LIGHT is doing good in the industry, outperforming 75.00% of the companies in the same industry.
In the last couple of years the Operating Margin of LIGHT has grown nicely.
LIGHT has a Gross Margin (40.62%) which is comparable to the rest of the industry.
LIGHT's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 8.72%
PM (TTM) 5.75%
GM 40.62%
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

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4

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.
LIGHT has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, LIGHT has about the same amount of shares outstanding.
Compared to 1 year ago, LIGHT has an improved debt to assets ratio.
LIGHT.AS Yearly Shares OutstandingLIGHT.AS Yearly Shares OutstandingYearly Shares Outstanding 2015 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

LIGHT has a debt to FCF ratio of 4.16. This is a neutral value as LIGHT would need 4.16 years to pay back of all of its debts.
LIGHT has a Debt to FCF ratio of 4.16. This is in the better half of the industry: LIGHT outperforms 67.31% of its industry peers.
LIGHT has a Debt/Equity ratio of 0.37. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.37, LIGHT perfoms like the industry average, outperforming 55.77% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF 4.16
Altman-Z N/A
ROIC/WACC1.23
WACC7.22%
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 1.25 indicates that LIGHT should not have too much problems paying its short term obligations.
LIGHT has a Current ratio of 1.25. This is comparable to the rest of the industry: LIGHT outperforms 44.23% of its industry peers.
LIGHT has a Quick Ratio of 1.25. 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 has a worse Quick ratio (0.81) than 63.46% of its industry peers.
Industry RankSector Rank
Current Ratio 1.25
Quick Ratio 0.81
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 2024 1B 2B 3B

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2

3. Growth

3.1 Past

LIGHT shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.30%.
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.
LIGHT shows a decrease in Revenue. In the last year, the revenue decreased by -5.73%.
The Revenue has been decreasing by -0.34% on average over the past years.
EPS 1Y (TTM)2.3%
EPS 3Y-12.27%
EPS 5Y-2.28%
EPS Q2Q%73.68%
Revenue 1Y (TTM)-5.73%
Revenue growth 3Y-3.61%
Revenue growth 5Y-0.34%
Sales Q2Q%-1.36%

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 9.78% on average per year.
The Revenue is expected to decrease by -0.44% on average over the next years.
EPS Next Y2.95%
EPS Next 2Y6.62%
EPS Next 3Y8.04%
EPS Next 5Y9.78%
Revenue Next Year-2.36%
Revenue Next 2Y-0.79%
Revenue Next 3Y-0.31%
Revenue Next 5Y-0.44%

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 decreasing.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3 4

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8

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 7.14, which indicates a rather cheap valuation of LIGHT.
Compared to the rest of the industry, the Price/Earnings ratio of LIGHT indicates a rather cheap valuation: LIGHT is cheaper than 94.23% of the companies listed in the same industry.
LIGHT is valuated cheaply when we compare the Price/Earnings ratio to 26.20, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 6.91, 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 90.38% of the companies listed in the same industry.
LIGHT is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.13, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 7.14
Fwd PE 6.91
LIGHT.AS Price Earnings VS Forward Price EarningsLIGHT.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, LIGHT is valued cheaper than 84.62% of the companies in the same industry.
92.31% of the companies in the same industry are more expensive than LIGHT, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 7.52
EV/EBITDA 4.73
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.
The decent profitability rating of LIGHT may justify a higher PE ratio.
PEG (NY)2.42
PEG (5Y)N/A
EPS Next 2Y6.62%
EPS Next 3Y8.04%

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7

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 7.44%, LIGHT is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.57, LIGHT pays a better dividend. On top of this LIGHT pays more dividend than 98.08% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.40, LIGHT pays a better dividend.
Industry RankSector Rank
Dividend Yield 7.44%

5.2 History

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

62.78% 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.
DP62.78%
EPS Next 2Y6.62%
EPS Next 3Y8.04%
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

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SIGNIFY NV

AMS:LIGHT (5/29/2025, 7:00:00 PM)

21.92

+0.16 (+0.74%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)04-25 2025-04-25/bmo
Earnings (Next)07-25 2025-07-25
Inst Owners69.91%
Inst Owner ChangeN/A
Ins Owners0.33%
Ins Owner ChangeN/A
Market Cap2.81B
Analysts70.83
Price Target25.25 (15.19%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 7.44%
Yearly Dividend1.55
Dividend Growth(5Y)3.47%
DP62.78%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)52.58%
Min EPS beat(2)27.81%
Max EPS beat(2)77.34%
EPS beat(4)3
Avg EPS beat(4)29.62%
Min EPS beat(4)-12.02%
Max EPS beat(4)77.34%
EPS beat(8)6
Avg EPS beat(8)22.36%
EPS beat(12)9
Avg EPS beat(12)16.61%
EPS beat(16)13
Avg EPS beat(16)20.11%
Revenue beat(2)0
Avg Revenue beat(2)-2.64%
Min Revenue beat(2)-3.72%
Max Revenue beat(2)-1.56%
Revenue beat(4)0
Avg Revenue beat(4)-3.4%
Min Revenue beat(4)-5.06%
Max Revenue beat(4)-1.56%
Revenue beat(8)0
Avg Revenue beat(8)-4.31%
Revenue beat(12)0
Avg Revenue beat(12)-4.12%
Revenue beat(16)2
Avg Revenue beat(16)-3.41%
PT rev (1m)-5.73%
PT rev (3m)-8.05%
EPS NQ rev (1m)-13.03%
EPS NQ rev (3m)-10.34%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.18%
Revenue NQ rev (1m)-3.98%
Revenue NQ rev (3m)-4.48%
Revenue NY rev (1m)-1.61%
Revenue NY rev (3m)-3.02%
Valuation
Industry RankSector Rank
PE 7.14
Fwd PE 6.91
P/S 0.46
P/FCF 7.52
P/OCF 5.91
P/B 0.92
P/tB N/A
EV/EBITDA 4.73
EPS(TTM)3.07
EY14.01%
EPS(NY)3.17
Fwd EY14.46%
FCF(TTM)2.91
FCFY13.29%
OCF(TTM)3.71
OCFY16.92%
SpS47.71
BVpS23.94
TBVpS-2.48
PEG (NY)2.42
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 4.86%
ROE 11.46%
ROCE 10.77%
ROIC 8.89%
ROICexc 10.22%
ROICexgc 47.88%
OM 8.72%
PM (TTM) 5.75%
GM 40.62%
FCFM 6.11%
ROA(3y)4.41%
ROA(5y)4.45%
ROE(3y)11.83%
ROE(5y)13.29%
ROIC(3y)8.31%
ROIC(5y)8.73%
ROICexc(3y)10%
ROICexc(5y)10.94%
ROICexgc(3y)62.11%
ROICexgc(5y)58.99%
ROCE(3y)10.08%
ROCE(5y)10.59%
ROICexcg growth 3Y6.49%
ROICexcg growth 5Y14.46%
ROICexc growth 3Y-5.58%
ROICexc growth 5Y2.94%
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-Score8
Asset Turnover0.85
Health
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF 4.16
Debt/EBITDA 1.45
Cap/Depr 41.13%
Cap/Sales 1.67%
Interest Coverage 250
Cash Conversion 60.87%
Profit Quality 106.25%
Current Ratio 1.25
Quick Ratio 0.81
Altman-Z N/A
F-Score8
WACC7.22%
ROIC/WACC1.23
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)2.3%
EPS 3Y-12.27%
EPS 5Y-2.28%
EPS Q2Q%73.68%
EPS Next Y2.95%
EPS Next 2Y6.62%
EPS Next 3Y8.04%
EPS Next 5Y9.78%
Revenue 1Y (TTM)-5.73%
Revenue growth 3Y-3.61%
Revenue growth 5Y-0.34%
Sales Q2Q%-1.36%
Revenue Next Year-2.36%
Revenue Next 2Y-0.79%
Revenue Next 3Y-0.31%
Revenue Next 5Y-0.44%
EBIT growth 1Y-4.98%
EBIT growth 3Y-6.49%
EBIT growth 5Y6.7%
EBIT Next Year31.47%
EBIT Next 3Y11.7%
EBIT Next 5Y10.91%
FCF growth 1Y-23.05%
FCF growth 3Y-10.86%
FCF growth 5Y-4.11%
OCF growth 1Y-23.23%
OCF growth 3Y-9.95%
OCF growth 5Y-3.01%