(LIGHT) Signify - Ratings and Ratios
LED, Systems, Services, Lamps, Ballasts
EPS (Earnings per Share)
Revenue
| Risk via 10d forecast | |
|---|---|
| Volatility | 30.5% |
| Value at Risk 5%th | 47.7% |
| Relative Tail Risk | -5.04% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.02 |
| Alpha | -7.65 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.411 |
| Beta | 0.251 |
| Beta Downside | 0.564 |
| Drawdowns 3y | |
|---|---|
| Max DD | 43.72% |
| Mean DD | 21.73% |
| Median DD | 21.98% |
Description: LIGHT Signify November 09, 2025
Signify N.V. (ticker LIGHT) designs, manufactures, and sells lighting products, systems, and services across Europe, the Americas, and other international markets. The business is organized into three segments-Digital Solutions, Digital Products, and Conventional Products-covering LED-based offerings for offices, commercial buildings, retail, hospitality, industrial, agricultural, and outdoor applications, as well as legacy technologies such as HID, fluorescent, halogen, and incandescent lamps.
Beyond finished luminaires, Signify supplies LED components (drivers, modules) to OEMs for professional-grade installations, and it maintains a niche in specialty lighting (e.g., projection systems). The company originated in 1891 in Eindhoven, the Netherlands, and operates under the GICS sub-industry “Electrical Components & Equipment.”
Key recent metrics: 2023 revenue was €7.2 billion, with adjusted EBITDA margin of roughly 12%; recurring service revenue-driven by its IoT-enabled lighting platforms-now accounts for about 30% of total sales, up from 22% three years earlier. The firm’s growth is closely tied to EU energy-efficiency regulations that accelerate LED retrofits, and to the broader smart-building trend, which is pushing demand for connected, data-rich lighting solutions.
Sector-wide, the lighting market is projected to expand at a 5-6% CAGR through 2028, led by Asia-Pacific adoption of LED and digital lighting infrastructure, while supply-chain pressures on semiconductor components remain a material risk for manufacturers.
For a deeper quantitative assessment of Signify’s valuation relative to peers, the ValueRay platform offers a granular breakdown of its cash-flow assumptions and scenario analyses.
LIGHT Stock Overview
| Market Cap in USD | 2,808m |
| Sub-Industry | Electrical Components & Equipment |
| IPO / Inception | |
| Return 12m vs S&P 500 | -15.2% |
| Analyst Rating | - |
LIGHT Dividends
| Metric | Value |
|---|---|
| Dividend Yield | 7.87% |
| Yield on Cost 5y | 5.78% |
| Yield CAGR 5y | 4.71% |
| Payout Consistency | 78.3% |
| Payout Ratio | 56.1% |
LIGHT Growth Ratios
| Metric | Value |
|---|---|
| CAGR 3y | -9.79% |
| CAGR/Max DD Calmar Ratio | -0.22 |
| CAGR/Mean DD Pain Ratio | -0.45 |
| Current Volume | 416k |
| Average Volume | 522.6k |
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income (344.0m TTM) > 0 and > 6% of Revenue (6% = 363.5m TTM) |
| FCFTA 0.05 (>2.0%) and ΔFCFTA -2.34pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 6.27% (prev 5.34%; Δ 0.94pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.07 (>3.0%) and CFO 474.0m > Net Income 344.0m (YES >=105%, WARN >=100%) |
| Net Debt (711.0m) to EBITDA (725.0m) ratio: 0.98 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.17 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (123.4m) change vs 12m ago -2.16% (target <= -2.0% for YES) |
| Gross Margin 40.03% (prev 39.71%; Δ 0.32pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 85.69% (prev 85.32%; Δ 0.37pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 4.61 (EBITDA TTM 725.0m / Interest Expense TTM 105.0m) >= 6 (WARN >= 3) |
Altman Z'' 1.57
| (A) 0.06 = (Total Current Assets 2.58b - Total Current Liabilities 2.20b) / Total Assets 6.71b |
| (B) 0.15 = Retained Earnings (Balance) 988.0m / Total Assets 6.71b |
| (C) 0.07 = EBIT TTM 484.0m / Avg Total Assets 7.07b |
| (D) 0.25 = Book Value of Equity 988.0m / Total Liabilities 4.02b |
| Total Rating: 1.57 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 64.82
| 1. Piotroski 4.50pt = -0.50 |
| 2. FCF Yield 10.69% = 5.0 |
| 3. FCF Margin 5.94% = 1.49 |
| 4. Debt/Equity 0.52 = 2.37 |
| 5. Debt/Ebitda 0.98 = 1.79 |
| 6. ROIC - WACC (= 7.94)% = 9.93 |
| 7. RoE 11.83% = 0.99 |
| 8. Rev. Trend -83.04% = -6.23 |
| 9. EPS Trend -0.36% = -0.02 |
What is the price of LIGHT shares?
Over the past week, the price has changed by -2.65%, over one month by -13.74%, over three months by -12.98% and over the past year by -3.61%.
Is LIGHT a buy, sell or hold?
What are the forecasts/targets for the LIGHT price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 23.9 | 20.6% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 20 | 1% |
LIGHT Fundamental Data Overview November 18, 2025
Market Cap EUR = 2.42b (2.42b EUR * 1.0 EUR.EUR)
P/E Trailing = 8.1457
P/E Forward = 6.435
P/S = 0.408
P/B = 0.9192
Beta = 0.954
Revenue TTM = 6.06b EUR
EBIT TTM = 484.0m EUR
EBITDA TTM = 725.0m EUR
Long Term Debt = 996.0m EUR (from longTermDebt, last fiscal year)
Short Term Debt = 348.0m EUR (from shortLongTermDebt, last fiscal year)
Debt = 1.34b EUR (Calculated: Short Term 348.0m + Long Term 996.0m)
Net Debt = 711.0m EUR (from netDebt column, last fiscal year)
Enterprise Value = 3.37b EUR (2.42b + Debt 1.34b - CCE 396.0m)
Interest Coverage Ratio = 4.61 (Ebit TTM 484.0m / Interest Expense TTM 105.0m)
FCF Yield = 10.69% (FCF TTM 360.0m / Enterprise Value 3.37b)
FCF Margin = 5.94% (FCF TTM 360.0m / Revenue TTM 6.06b)
Net Margin = 5.68% (Net Income TTM 344.0m / Revenue TTM 6.06b)
Gross Margin = 40.03% ((Revenue TTM 6.06b - Cost of Revenue TTM 3.63b) / Revenue TTM)
Gross Margin QoQ = 39.99% (prev 40.47%)
Tobins Q-Ratio = 0.50 (Enterprise Value 3.37b / Total Assets 6.71b)
Interest Expense / Debt = 1.56% (Interest Expense 21.0m / Debt 1.34b)
Taxrate = 13.64% (9.00m / 66.0m)
NOPAT = 418.0m (EBIT 484.0m * (1 - 13.64%))
Current Ratio = 1.17 (Total Current Assets 2.58b / Total Current Liabilities 2.20b)
Debt / Equity = 0.52 (Debt 1.34b / totalStockholderEquity, last quarter 2.60b)
Debt / EBITDA = 0.98 (Net Debt 711.0m / EBITDA 725.0m)
Debt / FCF = 1.98 (Net Debt 711.0m / FCF TTM 360.0m)
Total Stockholder Equity = 2.91b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.12% (Net Income 344.0m / Total Assets 6.71b)
RoE = 11.83% (Net Income TTM 344.0m / Total Stockholder Equity 2.91b)
RoCE = 12.40% (EBIT 484.0m / Capital Employed (Equity 2.91b + L.T.Debt 996.0m))
RoIC = 12.88% (NOPAT 418.0m / Invested Capital 3.24b)
WACC = 4.94% (E(2.42b)/V(3.76b) * Re(6.94%) + D(1.34b)/V(3.76b) * Rd(1.56%) * (1-Tc(0.14)))
Discount Rate = 6.94% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: -33.33 | Cagr: -0.36%
[DCF Debug] Terminal Value 76.50% ; FCFE base≈444.8m ; Y1≈396.7m ; Y5≈334.8m
Fair Price DCF = 50.49 (DCF Value 6.06b / Shares Outstanding 120.0m; 5y FCF grow -13.35% → 3.0% )
EPS Correlation: -0.36 | EPS CAGR: -11.81% | SUE: 0.10 | # QB: 0
Revenue Correlation: -83.04 | Revenue CAGR: -10.30% | SUE: 0.23 | # QB: 0