(LIGHT) Signify - Overview
Stock: LED, Drivers, Modules, HID, Halogen
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 8.70% |
| Yield on Cost 5y | 10.44% |
| Yield CAGR 5y | 3.68% |
| Payout Consistency | 80.5% |
| Payout Ratio | 57.6% |
| Risk 5d forecast | |
|---|---|
| Volatility | 36.6% |
| Relative Tail Risk | -5.27% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.17 |
| Alpha | -2.51 |
| Character TTM | |
|---|---|
| Beta | 0.272 |
| Beta Downside | 0.445 |
| Drawdowns 3y | |
|---|---|
| Max DD | 42.09% |
| CAGR/Max DD | -0.23 |
Description: LIGHT Signify January 12, 2026
Signify N.V. (ticker LIGHT) designs, manufactures, and services lighting solutions across Europe, the Americas, and other international markets. The firm is organized into three segments-Digital Solutions, Digital Products, and Conventional Products-and serves a broad set of end-users, from offices and retail spaces to industrial facilities, agriculture, and outdoor environments. In addition to its core LED offerings, Signify supplies non-LED lamps (HID, fluorescent, halogen, etc.) and provides LED components such as drivers and modules to OEMs.
Key data points that shape Signify’s outlook include a FY 2023 revenue of roughly €7.5 billion, with an operating margin that has been compressed by higher semiconductor and raw-material costs. The global LED lighting market is expanding at an estimated 10 % compound annual growth rate, driven by EU energy-efficiency directives and the broader push toward decarbonisation in commercial real estate. A material-supply bottleneck for power-semiconductor chips remains a sector-wide risk that could affect the rollout of Signify’s digital-connected lighting platforms.
For a deeper quantitative view, you might explore ValueRay’s detailed analyst dashboard on Signify’s valuation metrics.
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income: 254.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 0.85 > 1.0 |
| NWC/Revenue: 6.47% < 20% (prev 8.81%; Δ -2.34% < -1%) |
| CFO/TA 0.08 > 3% & CFO 528.0m > Net Income 254.0m |
| Net Debt (958.0m) to EBITDA (653.0m): 1.47 < 3 |
| Current Ratio: 1.17 > 1.5 & < 3 |
| Outstanding Shares: last quarter (122.0m) vs 12m ago -4.25% < -2% |
| Gross Margin: 40.07% > 18% (prev 0.40%; Δ 3967 % > 0.5%) |
| Asset Turnover: 80.52% > 50% (prev 80.83%; Δ -0.31% > 0%) |
| Interest Coverage Ratio: 4.88 > 6 (EBITDA TTM 653.0m / Interest Expense TTM 83.0m) |
Beneish M -3.21
| DSRI: 0.89 (Receivables 931.0m/1.12b, Revenue 5.76b/6.14b) |
| GMI: 1.01 (GM 40.07% / 40.32%) |
| AQI: 0.99 (AQ_t 0.53 / AQ_t-1 0.54) |
| SGI: 0.94 (Revenue 5.76b / 6.14b) |
| TATA: -0.04 (NI 254.0m - CFO 528.0m) / TA 6.72b) |
| Beneish M-Score: -3.21 (Cap -4..+1) = AA |
What is the price of LIGHT shares?
Over the past week, the price has changed by +7.54%, over one month by -4.38%, over three months by -0.10% and over the past year by +5.89%.
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 | 20.5 | 1.8% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 22.1 | 9.9% |
LIGHT Fundamental Data Overview February 09, 2026
P/E Trailing = 9.8818
P/E Forward = 6.5359
P/S = 0.416
P/B = 0.8971
Revenue TTM = 5.76b EUR
EBIT TTM = 405.0m EUR
EBITDA TTM = 653.0m EUR
Long Term Debt = 1.09b EUR (estimated: total debt 1.58b - short term 489.0m)
Short Term Debt = 489.0m EUR (from shortTermDebt, last quarter)
Debt = 1.58b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 958.0m EUR (from netDebt column, last quarter)
Enterprise Value = 3.35b EUR (2.40b + Debt 1.58b - CCE 623.0m)
Interest Coverage Ratio = 4.88 (Ebit TTM 405.0m / Interest Expense TTM 83.0m)
EV/FCF = 8.20x (Enterprise Value 3.35b / FCF TTM 409.0m)
FCF Yield = 12.19% (FCF TTM 409.0m / Enterprise Value 3.35b)
FCF Margin = 7.09% (FCF TTM 409.0m / Revenue TTM 5.76b)
Net Margin = 4.41% (Net Income TTM 254.0m / Revenue TTM 5.76b)
Gross Margin = 40.07% ((Revenue TTM 5.76b - Cost of Revenue TTM 3.46b) / Revenue TTM)
Gross Margin QoQ = 40.35% (prev 39.45%)
Tobins Q-Ratio = 0.50 (Enterprise Value 3.35b / Total Assets 6.72b)
Interest Expense / Debt = 1.33% (Interest Expense 21.0m / Debt 1.58b)
Taxrate = 26.83% (22.0m / 82.0m)
NOPAT = 296.3m (EBIT 405.0m * (1 - 26.83%))
Current Ratio = 1.17 (Total Current Assets 2.61b / Total Current Liabilities 2.23b)
Debt / Equity = 0.59 (Debt 1.58b / totalStockholderEquity, last quarter 2.67b)
Debt / EBITDA = 1.47 (Net Debt 958.0m / EBITDA 653.0m)
Debt / FCF = 2.34 (Net Debt 958.0m / FCF TTM 409.0m)
Total Stockholder Equity = 2.75b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.55% (Net Income 254.0m / Total Assets 6.72b)
RoE = 9.25% (Net Income TTM 254.0m / Total Stockholder Equity 2.75b)
RoCE = 10.56% (EBIT 405.0m / Capital Employed (Equity 2.75b + L.T.Debt 1.09b))
RoIC = 10.65% (NOPAT 296.3m / Invested Capital 2.78b)
WACC = 4.56% (E(2.40b)/V(3.98b) * Re(6.92%) + D(1.58b)/V(3.98b) * Rd(1.33%) * (1-Tc(0.27)))
Discount Rate = 6.92% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -2.08%
[DCF Debug] Terminal Value 86.12% ; FCFF base≈404.6m ; Y1≈396.1m ; Y5≈401.9m
Fair Price DCF = 92.52 (EV 12.02b - Net Debt 958.0m = Equity 11.06b / Shares 119.5m; r=5.90% [WACC]; 5y FCF grow -3.08% → 2.90% )
EPS Correlation: -19.29 | EPS CAGR: -1.14% | SUE: 0.24 | # QB: 0
Revenue Correlation: -85.13 | Revenue CAGR: -4.71% | SUE: -2.43 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.24 | Chg30d=N/A | Revisions Net=-1 | Analysts=1
EPS current Year (2026-12-31): EPS=1.68 | Chg30d=-0.963 | Revisions Net=-1 | Growth EPS=-27.1% | Growth Revenue=-3.8%
EPS next Year (2027-12-31): EPS=2.37 | Chg30d=-0.587 | Revisions Net=-5 | Growth EPS=+41.0% | Growth Revenue=+1.7%