(LIGHT) Signify - Overview
Stock: LED, Drivers, Modules, HID, Halogen
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 8.70% |
| Yield on Cost 5y | 10.55% |
| Yield CAGR 5y | 3.68% |
| Payout Consistency | 80.5% |
| Payout Ratio | 56.1% |
| Risk 5d forecast | |
|---|---|
| Volatility | 41.2% |
| Relative Tail Risk | -5.25% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.20 |
| Alpha | -2.31 |
| Character TTM | |
|---|---|
| Beta | 0.275 |
| Beta Downside | 0.443 |
| 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) 4.5
| Net Income: 312.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -2.35 > 1.0 |
| NWC/Revenue: 12.55% < 20% (prev 6.64%; Δ 5.91% < -1%) |
| CFO/TA 0.07 > 3% & CFO 439.0m > Net Income 312.0m |
| Net Debt (1.19b) to EBITDA (730.0m): 1.63 < 3 |
| Current Ratio: 1.40 > 1.5 & < 3 |
| Outstanding Shares: last quarter (125.4m) vs 12m ago -0.63% < -2% |
| Gross Margin: 39.83% > 18% (prev 0.40%; Δ 3943 % > 0.5%) |
| Asset Turnover: 84.54% > 50% (prev 85.12%; Δ -0.58% > 0%) |
| Interest Coverage Ratio: 5.17 > 6 (EBITDA TTM 730.0m / Interest Expense TTM 95.0m) |
Altman Z'' 1.97
| A: 0.11 (Total Current Assets 2.59b - Total Current Liabilities 1.85b) / Total Assets 6.71b |
| B: 0.15 (Retained Earnings 988.0m / Total Assets 6.71b) |
| C: 0.07 (EBIT TTM 491.0m / Avg Total Assets 7.01b) |
| D: 0.28 (Book Value of Equity 1.10b / Total Liabilities 3.98b) |
| Altman-Z'' Score: 1.97 = BBB |
Beneish M -3.02
| DSRI: 1.05 (Receivables 1.02b/1.02b, Revenue 5.93b/6.22b) |
| GMI: 1.01 (GM 39.83% / 40.16%) |
| AQI: 1.03 (AQ_t 0.53 / AQ_t-1 0.52) |
| SGI: 0.95 (Revenue 5.93b / 6.22b) |
| TATA: -0.02 (NI 312.0m - CFO 439.0m) / TA 6.71b) |
| Beneish M-Score: -3.02 (Cap -4..+1) = AA |
What is the price of LIGHT shares?
Over the past week, the price has changed by +12.00%, over one month by -7.81%, over three months by -0.10% and over the past year by +3.08%.
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 | 18.9% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 22 | 9.7% |
LIGHT Fundamental Data Overview January 31, 2026
P/E Trailing = 8.753
P/E Forward = 7.0472
P/S = 0.436
P/B = 0.9806
Revenue TTM = 5.93b EUR
EBIT TTM = 491.0m EUR
EBITDA TTM = 730.0m EUR
Long Term Debt = 996.0m EUR (from longTermDebt, last fiscal year)
Short Term Debt = 94.0m EUR (from shortTermDebt, last quarter)
Debt = 1.59b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.19b EUR (from netDebt column, last quarter)
Enterprise Value = 3.77b EUR (2.58b + Debt 1.59b - CCE 401.0m)
Interest Coverage Ratio = 5.17 (Ebit TTM 491.0m / Interest Expense TTM 95.0m)
EV/FCF = 11.40x (Enterprise Value 3.77b / FCF TTM 331.0m)
FCF Yield = 8.77% (FCF TTM 331.0m / Enterprise Value 3.77b)
FCF Margin = 5.58% (FCF TTM 331.0m / Revenue TTM 5.93b)
Net Margin = 5.26% (Net Income TTM 312.0m / Revenue TTM 5.93b)
Gross Margin = 39.83% ((Revenue TTM 5.93b - Cost of Revenue TTM 3.57b) / Revenue TTM)
Gross Margin QoQ = 39.45% (prev 39.99%)
Tobins Q-Ratio = 0.56 (Enterprise Value 3.77b / Total Assets 6.71b)
Interest Expense / Debt = 1.20% (Interest Expense 19.0m / Debt 1.59b)
Taxrate = 26.21% (27.0m / 103.0m)
NOPAT = 362.3m (EBIT 491.0m * (1 - 26.21%))
Current Ratio = 1.40 (Total Current Assets 2.59b / Total Current Liabilities 1.85b)
Debt / Equity = 0.60 (Debt 1.59b / totalStockholderEquity, last quarter 2.64b)
Debt / EBITDA = 1.63 (Net Debt 1.19b / EBITDA 730.0m)
Debt / FCF = 3.60 (Net Debt 1.19b / FCF TTM 331.0m)
Total Stockholder Equity = 2.87b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.45% (Net Income 312.0m / Total Assets 6.71b)
RoE = 10.88% (Net Income TTM 312.0m / Total Stockholder Equity 2.87b)
RoCE = 12.71% (EBIT 491.0m / Capital Employed (Equity 2.87b + L.T.Debt 996.0m))
RoIC = 10.68% (NOPAT 362.3m / Invested Capital 3.39b)
WACC = 4.63% (E(2.58b)/V(4.17b) * Re(6.93%) + D(1.59b)/V(4.17b) * Rd(1.20%) * (1-Tc(0.26)))
Discount Rate = 6.93% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -0.75%
[DCF Debug] Terminal Value 85.11% ; FCFF base≈411.4m ; Y1≈366.9m ; Y5≈308.9m
Fair Price DCF = 68.23 (EV 9.35b - Net Debt 1.19b = Equity 8.16b / Shares 119.5m; r=5.90% [WACC]; 5y FCF grow -13.35% → 2.90% )
EPS Correlation: -50.34 | EPS CAGR: -50.62% | SUE: -4.0 | # QB: 0
Revenue Correlation: -88.60 | Revenue CAGR: -9.05% | SUE: -0.71 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.43 | Chg30d=+0.000 | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=2.62 | Chg30d=-0.023 | Revisions Net=-4 | Growth EPS=-0.3% | Growth Revenue=-1.1%