SIGNIFY NV (LIGHT.AS) Fundamental Analysis & Valuation

AMS:LIGHT • NL0011821392

18.7 EUR
+0.15 (+0.81%)
Last: Mar 10, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

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

Fundamental Rating

5

LIGHT gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 73 industry peers in the Electrical Equipment industry. LIGHT has only an average score on both its financial health and profitability. LIGHT is cheap, but on the other hand it scores bad on growth. Finally LIGHT also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

6

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.
  • 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 64.38% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 9.54%, LIGHT is in the better half of the industry, outperforming 60.27% of the companies in the same industry.
  • LIGHT has a better Return On Invested Capital (8.36%) than 71.23% 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 9.64%.
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 better than 61.64% of its industry peers.
  • 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 67.12% of its industry peers.
  • In the last couple of years the Operating Margin of LIGHT has declined.
  • The Gross Margin of LIGHT (40.03%) is better than 64.38% of its industry peers.
  • LIGHT's Gross Margin has been stable in the last couple of years.
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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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. LIGHT.AS Health Analysis

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.
  • The number of shares outstanding for LIGHT has been reduced compared to 1 year ago.
  • LIGHT has less shares outstanding than it did 5 years ago.
  • LIGHT has a worse debt/assets ratio than last year.
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.
  • LIGHT has a Altman-Z score of 1.67. This is comparable to the rest of the industry: LIGHT outperforms 43.84% of its industry peers.
  • 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 71.23% of its industry peers.
  • A Debt/Equity ratio of 0.41 indicates that LIGHT is not too dependend on debt financing.
  • LIGHT has a Debt to Equity ratio of 0.41. This is in the better half of the industry: LIGHT outperforms 63.01% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.41
Debt/FCF 3.96
Altman-Z 1.67
ROIC/WACC0.99
WACC8.43%
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.
  • With a Current ratio value of 1.17, LIGHT is not doing good in the industry: 68.49% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.75 indicates that LIGHT may have some problems paying its short term obligations.
  • LIGHT has a worse Quick ratio (0.75) than 63.01% 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

  • LIGHT is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 1.00% yearly.
  • Based on estimates for the next years, LIGHT will show a decrease in Revenue. The Revenue will decrease by -0.31% on average per year.
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.
  • 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 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

8

4. LIGHT.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 7.14, which indicates a rather cheap valuation of LIGHT.
  • 98.63% of the companies in the same industry are more expensive than LIGHT, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 26.25, LIGHT is valued rather cheaply.
  • A Price/Forward Earnings ratio of 9.35 indicates a reasonable valuation of LIGHT.
  • 87.67% of the companies in the same industry are more expensive than LIGHT, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 24.39. LIGHT is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 7.14
Fwd PE 9.35
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

  • 93.15% of the companies in the same industry are more expensive than LIGHT, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of LIGHT indicates a rather cheap valuation: LIGHT is cheaper than 95.89% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 5.74
EV/EBITDA 4.6
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 decent profitability rating of LIGHT may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-2.84%
EPS Next 3Y1%

More info and screens

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

7

5. LIGHT.AS Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 8.54%, LIGHT is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 0.87, LIGHT pays a better dividend. On top of this LIGHT pays more dividend than 98.63% of the companies listed in the same industry.
  • LIGHT's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 8.54%

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

  • 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-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

More info and screens

Find the best dividend stocksShow peers with best dividend

LIGHT.AS Fundamentals: All Metrics, Ratios and Statistics

SIGNIFY NV

AMS:LIGHT (3/10/2026, 7:00:00 PM)

18.7

+0.15 (+0.81%)

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 Cap2.29B
Revenue(TTM)5.76B
Net Income(TTM)255.00M
Analysts52
Price Target20.36 (8.88%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 8.54%
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)-32.01%
EPS NQ rev (3m)-44.03%
EPS NY rev (1m)-28.4%
EPS NY rev (3m)-29.99%
Revenue NQ rev (1m)-1.45%
Revenue NQ rev (3m)-2.72%
Revenue NY rev (1m)-2.39%
Revenue NY rev (3m)-2.75%
Valuation
Industry RankSector Rank
PE 7.14
Fwd PE 9.35
P/S 0.4
P/FCF 5.74
P/OCF 4.32
P/B 0.86
P/tB N/A
EV/EBITDA 4.6
EPS(TTM)2.62
EY14.01%
EPS(NY)2
Fwd EY10.69%
FCF(TTM)3.26
FCFY17.41%
OCF(TTM)4.33
OCFY23.17%
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
WACC8.43%
ROIC/WACC0.99
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 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 6 / 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%.