(LIGHT) Signify - Overview
Sector: Industrials | Industry: Electrical Equipment & Parts | Exchange: AS (Netherlands) | Market Cap: 2.426m EUR | Total Return: 4% in 12m
Avg Turnover: 13.3M
EPS Trend: -16.5%
Qual. Beats: 1
Rev. Trend: -97.9%
Qual. Beats: 0
Warnings
Choppy
Tailwinds
No distinct edge detected
Signify N.V. is a global leader in the lighting industry, offering a comprehensive portfolio of LED products, connected lighting systems, and traditional lamps. The company serves professional, consumer, and OEM markets, providing solutions ranging from high-intensity discharge lamps to smart lighting components like drivers and sensors. Its infrastructure supports diverse applications in agriculture, industrial facilities, and urban environments.
The business model increasingly focuses on Lighting as a Service (LaaS) and connected IoT systems, shifting the industry standard from one-time hardware sales to recurring service contracts. As the lighting sector undergoes a digital transformation, traditional conventional lamps are being phased out in favor of energy-efficient LED modules integrated with data-driven management software. You can explore further valuation metrics and peer comparisons on ValueRay.
Headquartered in Eindhoven, the company operates across Europe and the Americas, maintaining a legacy in the electrical equipment sector that dates back to 1891. Signify remains a primary supplier for both electrical installers and large-scale commercial distributors worldwide.
- Shift from conventional lamps to LED and connected systems drives margin expansion
- Professional segment growth depends on global commercial and industrial infrastructure spending
- Raw material and logistics costs impact profitability across global supply chains
- Increasing environmental regulations favor energy efficient lighting and smart building adoption
- Consumer demand for connected home lighting influences retail revenue and market share
| Net Income: 193.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 1.24 > 1.0 |
| NWC/Revenue: 6.47% < 20% (prev 9.47%; Δ -3.00% < -1%) |
| CFO/TA 0.08 > 3% & CFO 540.0m > Net Income 193.0m |
| Net Debt (1.16b) to EBITDA (611.0m): 1.89 < 3 |
| Current Ratio: 1.16 > 1.5 & < 3 |
| Outstanding Shares: last quarter (118.9m) vs 12m ago -4.92% < -2% |
| Gross Margin: 39.85% > 18% (prev 0.40%; Δ 3.94k% > 0.5%) |
| Asset Turnover: 79.79% > 50% (prev 84.50%; Δ -4.71% > 0%) |
| Interest Coverage Ratio: 4.65 > 6 (EBITDA TTM 611.0m / Interest Expense TTM 79.0m) |
| A: 0.05 (Total Current Assets 2.60b - Total Current Liabilities 2.24b) / Total Assets 6.77b |
| B: 0.14 (Retained Earnings 914.0m / Total Assets 6.77b) |
| C: 0.05 (EBIT TTM 367.0m / Avg Total Assets 7.01b) |
| D: 0.15 (Book Value of Equity 606.0m / Total Liabilities 4.00b) |
| Altman-Z'' = 1.30 = BB |
| DSRI: 0.90 (Receivables 837.0m/1.02b, Revenue 5.59b/6.12b) |
| GMI: 1.01 (GM 39.85% / 40.13%) |
| AQI: 1.01 (AQ_t 0.53 / AQ_t-1 0.53) |
| SGI: 0.91 (Revenue 5.59b / 6.12b) |
| TATA: -0.05 (NI 193.0m - CFO 540.0m) / TA 6.77b) |
| Beneish M = -3.22 (Cap -4..+1) = AA |
As of May 24, 2026, the stock is trading at EUR 20.26 with a total of 525,773 shares traded.
Over the past week, the price has changed by +0.59%,
over one month by +14.81%,
over three months by +9.49% and
over the past year by +3.96%.
Signify has no consensus analysts rating.
P/E Trailing = 13.2597
P/E Forward = 7.278
P/S = 0.434
P/B = 0.8683
Revenue TTM = 5.59b EUR
EBIT TTM = 367.0m EUR
EBITDA TTM = 611.0m EUR
Long Term Debt = 923.0m EUR (from longTermDebt, last fiscal year)
Short Term Debt = 485.0m EUR (from shortTermDebt, last quarter)
Debt = 1.81b EUR (from shortLongTermDebtTotal, last quarter) + Leases 227.0m
Net Debt = 1.16b EUR (calculated: Debt 1.81b - CCE 652.0m)
Enterprise Value = 3.58b EUR (2.43b + Debt 1.81b - CCE 652.0m)
Interest Coverage Ratio = 4.65 (Ebit TTM 367.0m / Interest Expense TTM 79.0m)
EV/FCF = 8.57x (Enterprise Value 3.58b / FCF TTM 418.0m)
FCF Yield = 11.67% (FCF TTM 418.0m / Enterprise Value 3.58b)
FCF Margin = 7.48% (FCF TTM 418.0m / Revenue TTM 5.59b)
Net Margin = 3.45% (Net Income TTM 193.0m / Revenue TTM 5.59b)
Gross Margin = 39.85% ((Revenue TTM 5.59b - Cost of Revenue TTM 3.36b) / Revenue TTM)
Gross Margin QoQ = 39.56% (prev 40.35%)
Tobins Q-Ratio = 0.53 (Enterprise Value 3.58b / Total Assets 6.77b)
Interest Expense / Debt = 4.37% (Interest Expense 79.0m / Debt 1.81b)
Taxrate = 19.31% (62.0m / 321.0m)
NOPAT = 296.1m (EBIT 367.0m * (1 - 19.31%))
Current Ratio = 1.16 (Total Current Assets 2.60b / Total Current Liabilities 2.24b)
Debt / Equity = 0.66 (Debt 1.81b / totalStockholderEquity, last quarter 2.73b)
Debt / EBITDA = 1.89 (Net Debt 1.16b / EBITDA 611.0m)
Debt / FCF = 2.77 (Net Debt 1.16b / FCF TTM 418.0m)
Total Stockholder Equity = 2.66b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.75% (Net Income 193.0m / Total Assets 6.77b)
RoE = 7.25% (Net Income TTM 193.0m / Total Stockholder Equity 2.66b)
RoCE = 10.24% (EBIT 367.0m / Capital Employed (Equity 2.66b + L.T.Debt 923.0m))
RoIC = 5.94% (NOPAT 296.1m / Invested Capital 4.99b)
WACC = 5.91% (E(2.43b)/V(4.24b) * Re(7.69%) + D(1.81b)/V(4.24b) * Rd(4.37%) * (1-Tc(0.19)))
Discount Rate = 7.69% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -62.93 | Cagr: -2.98%
[DCF] Terminal Value 77.97% ; FCFF base≈394.0m ; Y1≈451.7m ; Y5≈664.7m
[DCF] Fair Price = 74.45 (EV 10.0b - Net Debt 1.16b = Equity 8.85b / Shares 118.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -16.51 | EPS CAGR: -1.39% | SUE: 1.27 | # QB: 1
Revenue Correlation: -97.86 | Revenue CAGR: -7.80% | SUE: -0.65 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.39 | Chg30d=+55.65% | Revisions=+20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.71 | Chg30d=+23.98% | Revisions=+20% | Analysts=1
EPS current Year (2026-12-31): EPS=1.70 | Chg30d=-1.84% | Revisions=-20% | GrowthEPS=-25.9% | GrowthRev=-4.7%
EPS next Year (2027-12-31): EPS=2.13 | Chg30d=-5.15% | Revisions=-45% | GrowthEPS=+24.8% | GrowthRev=+0.6%
[Analyst] Revisions Ratio: -45%