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SIGNIFY NV (LIGHT.AS) Stock Fundamental Analysis

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

22.52  -0.2 (-0.88%)

Fundamental Rating

6

LIGHT gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 56 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 is valued quite cheap, but it does not seem to be growing. LIGHT also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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8

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.
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

The Return On Assets of LIGHT (4.86%) is better than 82.46% of its industry peers.
Looking at the Return On Equity, with a value of 11.46%, LIGHT is in the better half of the industry, outperforming 71.93% of the companies in the same industry.
With an excellent Return On Invested Capital value of 8.89%, LIGHT belongs to the best of the industry, outperforming 80.70% of the companies in the same industry.
LIGHT had an Average Return On Invested Capital over the past 3 years of 8.31%. This is in line with the industry average of 7.80%.
The last Return On Invested Capital (8.89%) for LIGHT is above the 3 year average (8.31%), which is a sign of increasing profitability.
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 77.19% of the companies in the same industry.
In the last couple of years the Profit Margin of LIGHT has grown nicely.
LIGHT's Operating Margin of 8.72% is fine compared to the rest of the industry. LIGHT outperforms 78.95% of its industry peers.
In the last couple of years the Operating Margin of LIGHT has grown nicely.
Looking at the Gross Margin, with a value of 40.62%, LIGHT is in the better half of the industry, outperforming 61.40% of the companies in the same industry.
In the last couple of years the Gross Margin of LIGHT has grown nicely.
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

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), LIGHT is 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

The Debt to FCF ratio of LIGHT is 4.16, which is a neutral value as it means it would take LIGHT, 4.16 years of fcf income to pay off all of its debts.
LIGHT's Debt to FCF ratio of 4.16 is fine compared to the rest of the industry. LIGHT outperforms 73.68% of its industry peers.
A Debt/Equity ratio of 0.37 indicates that LIGHT is not too dependend on debt financing.
LIGHT has a Debt to Equity ratio of 0.37. This is comparable to the rest of the industry: LIGHT outperforms 56.14% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF 4.16
Altman-Z N/A
ROIC/WACC1.21
WACC7.35%
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

LIGHT has a Current Ratio of 1.25. This is a normal value and indicates that LIGHT is financially healthy and should not expect problems in meeting its short term obligations.
LIGHT has a Current ratio (1.25) which is comparable to the rest of the industry.
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's Quick ratio of 0.81 is on the low side compared to the rest of the industry. LIGHT is outperformed by 64.91% 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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3

3. Growth

3.1 Past

The Earnings Per Share has been growing slightly by 2.30% over the past year.
The Earnings Per Share has been decreasing by -2.28% on average over the past years.
LIGHT shows a decrease in Revenue. In the last year, the revenue decreased by -5.73%.
Measured over the past years, LIGHT shows a decrease in Revenue. The Revenue has been decreasing by -0.34% on average per year.
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

LIGHT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.47% yearly.
Based on estimates for the next years, LIGHT will show a small growth in Revenue. The Revenue will grow by 0.04% on average per year.
EPS Next Y2.95%
EPS Next 2Y6.62%
EPS Next 3Y8.04%
EPS Next 5Y9.47%
Revenue Next Year-2.36%
Revenue Next 2Y-0.79%
Revenue Next 3Y-0.31%
Revenue Next 5Y0.04%

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 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

A Price/Earnings ratio of 7.34 indicates a rather cheap valuation of LIGHT.
Based on the Price/Earnings ratio, LIGHT is valued cheaply inside the industry as 96.49% of the companies are valued more expensively.
LIGHT's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.41.
The Price/Forward Earnings ratio is 7.10, which indicates a rather cheap valuation of LIGHT.
LIGHT's Price/Forward Earnings ratio is rather cheap when compared to the industry. LIGHT is cheaper than 91.23% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.19, LIGHT is valued rather cheaply.
Industry RankSector Rank
PE 7.34
Fwd PE 7.1
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

4.2 Price Multiples

LIGHT's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. LIGHT is cheaper than 91.23% of the companies in the same industry.
LIGHT's Price/Free Cash Flow ratio is rather cheap when compared to the industry. LIGHT is cheaper than 91.23% of the companies in the same industry.
Industry RankSector Rank
P/FCF 7.73
EV/EBITDA 4.85
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.
LIGHT has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.49
PEG (5Y)N/A
EPS Next 2Y6.62%
EPS Next 3Y8.04%

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7

5. Dividend

5.1 Amount

LIGHT has a Yearly Dividend Yield of 6.87%, which is a nice return.
Compared to an average industry Dividend Yield of 2.73, 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 2.35, LIGHT pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.87%

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 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.
The dividend of LIGHT is growing, but earnings are growing more, so the dividend growth is 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 (7/11/2025, 7:00:00 PM)

22.52

-0.2 (-0.88%)

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 Owners70.69%
Inst Owner ChangeN/A
Ins Owners0.37%
Ins Owner ChangeN/A
Market Cap2.89B
Analysts69.57
Price Target25.5 (13.23%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.87%
Yearly Dividend1.55
Dividend Growth(5Y)3.47%
DP62.78%
Div Incr Years4
Div Non Decr Years4
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)1.01%
PT rev (3m)-4.78%
EPS NQ rev (1m)-4.17%
EPS NQ rev (3m)-16.66%
EPS NY rev (1m)0%
EPS NY rev (3m)-4.48%
Revenue NQ rev (1m)-1.22%
Revenue NQ rev (3m)-5.16%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.02%
Valuation
Industry RankSector Rank
PE 7.34
Fwd PE 7.1
P/S 0.47
P/FCF 7.73
P/OCF 6.07
P/B 0.94
P/tB N/A
EV/EBITDA 4.85
EPS(TTM)3.07
EY13.63%
EPS(NY)3.17
Fwd EY14.08%
FCF(TTM)2.91
FCFY12.94%
OCF(TTM)3.71
OCFY16.47%
SpS47.71
BVpS23.94
TBVpS-2.48
PEG (NY)2.49
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
WACC7.35%
ROIC/WACC1.21
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 5Y9.47%
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 5Y0.04%
EBIT growth 1Y-4.98%
EBIT growth 3Y-6.49%
EBIT growth 5Y6.7%
EBIT Next Year31.47%
EBIT Next 3Y11.7%
EBIT Next 5Y10.6%
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%