LIGHT Stock Analysis: Signify | AS
Electrical Equipment & Parts | AS, Netherlands | Market Cap: 1.754m EUR | 12M Return: -22.9% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 9.91M
EPS Trend: -52.9%
Qual. Beats: 0
Rev. Trend: -98.5%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.2 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Signify N.V. (LIGHT), headquartered in Eindhoven, the Netherlands, is a global lighting company that designs, manufactures, and sells lighting products, systems, and services across Europe, the Americas, and other international markets. It operates through four segments: Professional, Consumer, OEM, and Conventional. Its portfolio spans LED luminaires, LED and conventional lamps and tubes, and lighting components such as drivers, electronics, modules, and sensors, alongside legacy technologies including high-intensity discharge, compact fluorescent, halogen, incandescent, and specialty products (e.g., projection lighting). Founded in 1891, Signify serves customers ranging from consumers and electrical installers to distributors and professional end-users across offices, commercial buildings, retail, hospitality, industry, agriculture, and outdoor environments.
The company sits within the GICS Industrials sector, specifically the Electrical Components & Equipment sub-industry, and is the operating successor to Royal Philips lighting division, which was separated and listed as an independent public company in 2016. Its business model reflects the broader industry transition from conventional lighting to LED and connected (IoT-enabled) lighting systems, where value increasingly shifts from hardware to software, controls, and services such as managed lighting contracts and data-driven applications.
- Connected lighting and LED conversion drive Professional segment growth
- EUR strength pressures reported revenue and margin expansion
- Conventional segment declines as halogen and fluorescent phase-outs accelerate
| Net Income: 156.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 1.73 > 1.0 |
| NWC/Revenue: -6.47% < 20% (prev 6.27%; Δ -12.74% < -1%) |
| CFO/TA 0.08 > 3% & CFO 533.0m > Net Income 156.0m |
| Net Debt (1.31b) to EBITDA (567.0m): 2.32 < 3 |
| Current Ratio: 0.87 > 1.5 & < 3 |
| Outstanding Shares: last quarter (121.0m) vs 12m ago -3.50% < -2% |
| Gross Margin: 39.40% > 18% (prev 40.03%; Δ -0.63% > 0.5%) |
| Asset Turnover: 82.34% > 50% (prev 90.22%; Δ -7.87% > 0%) |
| Interest Coverage Ratio: 4.15 > 6 (EBIT TTM 324.0m / Interest Expense TTM 78.0m) |
| A: -0.05 (Total Current Assets 2.47b - Total Current Liabilities 2.82b) / Total Assets 6.66b |
| B: 0.11 (Retained Earnings 735.0m / Total Assets 6.66b) |
| C: 0.05 (EBIT TTM 324.0m / Avg Total Assets 6.69b) |
| D: 0.67 (Book Value of Equity 2.62b / Total Liabilities 3.93b) |
| Altman-Z'' = 1.04 = BB |
| DSRI: 1.03 (Receivables 876.0m/936.0m, Revenue 5.50b/6.06b) |
| GMI: 1.02 (GM 40.03% / 39.40%) |
| AQI: 1.03 (AQ_t 0.55 / AQ_t-1 0.53) |
| SGI: 0.91 (Revenue 5.50b / 6.06b) |
| TATA: -0.06 (NI 156.0m - CFO 533.0m) / TA 6.66b) |
| Beneish M = -3.04 (Cap -4..+1) = AA |
As of August 04, 2026, the stock is trading at EUR 15.00 with a total of 485,879 shares traded. Over the past week, the price has changed by +6.01%, over one month by -8.31%, over three months by -26.47% and over the past year by -22.86%.
Current recommended Stop Loss: 14.30 (which is 4.7% or 1.3 ATR below the current price).
Signify has no consensus analysts rating.
P/E Trailing = 11.808
P/E Forward = 5.5066
P/S = 0.3186
P/B = 0.6681
Revenue TTM = 5.50b EUR
EBIT TTM = 324.0m EUR
EBITDA TTM = 567.0m EUR
Long Term Debt = 923.0m EUR (from longTermDebt, last fiscal year)
Short Term Debt = 1.09b EUR (from shortTermDebt, last quarter)
Debt = 1.81b EUR (from shortLongTermDebtTotal, last quarter) + Leases 227.0m
Net Debt = 1.31b EUR (calculated: Debt 1.81b - CCE 498.0m)
Enterprise Value = 3.07b EUR (1.75b + Debt 1.81b - CCE 498.0m)
Interest Coverage Ratio = 4.15 (Ebit TTM 324.0m / Interest Expense TTM 78.0m)
EV/FCF = 6.74x (Enterprise Value 3.07b / FCF TTM 455.0m)
FCF Yield = 14.83% (FCF TTM 455.0m / Enterprise Value 3.07b)
FCF Margin = 8.27% (FCF TTM 455.0m / Revenue TTM 5.50b)
Net Margin = 2.83% (Net Income TTM 156.0m / Revenue TTM 5.50b)
Gross Margin = 39.40% ((Revenue TTM 5.50b - Cost of Revenue TTM 3.34b) / Revenue TTM)
Gross Margin QoQ = 38.14% (prev 39.56%)
Tobins Q-Ratio = 0.46 (Enterprise Value 3.07b / Total Assets 6.66b)
Interest Expense / Debt = 4.30% (Interest Expense 78.0m / Debt 1.81b)
Taxrate = 24.77% (53.0m / 214.0m)
NOPAT = 243.8m (EBIT 324.0m * (1 - 24.77%))
Current Ratio = 0.87 (Total Current Assets 2.47b / Total Current Liabilities 2.82b)
Debt / Equity = 0.69 (Debt 1.81b / totalStockholderEquity, last quarter 2.62b)
Debt / EBITDA = 2.32 (Net Debt 1.31b / EBITDA 567.0m)
Debt / FCF = 2.89 (Net Debt 1.31b / FCF TTM 455.0m)
Total Stockholder Equity = 2.67b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.33% (Net Income 156.0m / Total Assets 6.66b)
RoE = 5.85% (Net Income TTM 156.0m / Total Stockholder Equity 2.67b)
RoCE = 9.02% (EBIT 324.0m / Capital Employed (Equity 2.67b + L.T.Debt 923.0m))
RoIC = 5.25% (NOPAT 243.8m / Invested Capital 4.65b)
WACC = 5.66% (E(1.75b)/V(3.57b) * Re(8.17%) + D(1.81b)/V(3.57b) * Rd(4.30%) * (1-Tc(0.25)))
Discount Rate = 8.17% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -83.44 | Cagr: -1.70%
[DCF] Terminal Value 77.97% ; FCFF base≈410.2m ; Y1≈470.2m ; Y5≈692.0m
[DCF] Fair Price = 76.58 (EV 10.4b - Net Debt 1.31b = Equity 9.10b / Shares 118.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -52.89 | EPS CAGR: -5.93% | SUE: -0.74 | # QB: 0
Revenue Correlation: -98.50 | Revenue CAGR: -7.33% | SUE: -0.23 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.58 | Chg30d=-17.77% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=1.57 | Chg30d=-10.45% | Revisions=+18% | GrowthEPS=-31.7% | GrowthRev=-5.0%
EPS next Year (2027-12-31): EPS=1.80 | Chg30d=-11.14% | Revisions=-10% | GrowthEPS=+14.7% | GrowthRev=-0.2%
[Analyst] Revisions Ratio: +11% (up=9, down=7)