View ValuationLight 将来の成長Future 基準チェック /06Lightの収益は年間9.3%で減少すると予測されていますが、年間収益は年間1%で増加すると予測されています。EPS は年間 減少すると予測されています。自己資本利益率は 3 年後に13.4% 29.4%なると予測されています。主要情報-9.3%収益成長率-29.37%EPS成長率Electric Utilities 収益成長10.2%収益成長率1.0%将来の株主資本利益率13.45%アナリストカバレッジLow最終更新日22 Apr 2026今後の成長に関する最新情報Major Estimate Revision • Apr 24Consensus revenue estimates decrease by 14%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from R$14.2b to R$12.3b. EPS estimate unchanged from R$1.59 per share at last update. Electric Utilities industry in Brazil expected to see average net income decline 18% next year. Consensus price target broadly unchanged at R$5.15. Share price fell 2.8% to R$5.13 over the past week.Major Estimate Revision • Feb 05Consensus EPS estimates fall by 43%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from R$2.02 to R$1.15 per share. Revenue forecast steady at R$13.3b. Net income forecast to shrink 69% next year vs 29% decline forecast for Electric Utilities industry in Brazil. Consensus price target of R$5.10 unchanged from last update. Share price was steady at R$5.17 over the past week.Major Estimate Revision • Jul 24Consensus EPS estimates increase by 18%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from R$13.2b to R$13.9b. EPS estimate increased from R$1.32 to R$1.56 per share. Net income forecast to shrink 76% next year vs 39% decline forecast for Electric Utilities industry in Brazil. Consensus price target of R$4.00 unchanged from last update. Share price rose 4.8% to R$6.09 over the past week.Major Estimate Revision • Apr 13Consensus EPS estimates fall by 61%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from R$14.0b to R$13.0b. EPS estimate also fell from R$1.23 per share to R$0.48 per share. Net income forecast to shrink 30% next year vs 12% decline forecast for Electric Utilities industry in Brazil. Consensus price target of R$4.00 unchanged from last update. Share price was steady at R$5.17 over the past week.Price Target Changed • Nov 23Price target decreased by 27% to R$4.49Down from R$6.16, the current price target is an average from 2 analysts. New target price is 26% below last closing price of R$6.10. Stock is up 11% over the past year. The company is forecast to post earnings per share of R$0.41 next year compared to a net loss per share of R$15.46 last year.Price Target Changed • Aug 08Price target increased by 10% to R$6.49Up from R$5.90, the current price target is an average from 5 analysts. New target price is 11% below last closing price of R$7.32. Stock is up 23% over the past year. The company is forecast to post earnings per share of R$0.30 next year compared to a net loss per share of R$15.46 last year.すべての更新を表示Recent updatesNew Risk • May 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Brazilian stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 9.3% per year for the foreseeable future. Minor Risks High level of debt (123% net debt to equity). Share price has been volatile over the past 3 months (6.6% average weekly change).New Risk • May 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 9.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 9.3% per year for the foreseeable future. Minor Risk High level of debt (123% net debt to equity).Major Estimate Revision • Apr 24Consensus revenue estimates decrease by 14%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from R$14.2b to R$12.3b. EPS estimate unchanged from R$1.59 per share at last update. Electric Utilities industry in Brazil expected to see average net income decline 18% next year. Consensus price target broadly unchanged at R$5.15. Share price fell 2.8% to R$5.13 over the past week.New Risk • Apr 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Brazilian stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (3.9% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (1.4% net profit margin).Valuation Update With 7 Day Price Move • Apr 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to R$5.34, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 12x in the Electric Utilities industry in Brazil. Total returns to shareholders of 174% over the past three years.お知らせ • Mar 25Light S.A., Annual General Meeting, Apr 24, 2026Light S.A., Annual General Meeting, Apr 24, 2026.Reported Earnings • Mar 24Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: R$0.57 (down from R$4.41 in FY 2024). Revenue: R$15.0b (flat on FY 2024). Net income: R$213.0m (down 87% from FY 2024). Profit margin: 1.4% (down from 11% in FY 2024). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 50%. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Electric Utilities industry in Brazil. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Feb 05Consensus EPS estimates fall by 43%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from R$2.02 to R$1.15 per share. Revenue forecast steady at R$13.3b. Net income forecast to shrink 69% next year vs 29% decline forecast for Electric Utilities industry in Brazil. Consensus price target of R$5.10 unchanged from last update. Share price was steady at R$5.17 over the past week.分析記事 • Jan 28Should You Investigate Light S.A. (BVMF:LIGT3) At R$4.99?While Light S.A. ( BVMF:LIGT3 ) might not have the largest market cap around , it saw a double-digit share price rise...お知らせ • Dec 13+ 3 more updatesLight S.A. to Report Q3, 2026 Results on Nov 12, 2026Light S.A. announced that they will report Q3, 2026 results on Nov 12, 2026分析記事 • Dec 11Light (BVMF:LIGT3) Has A Somewhat Strained Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: R$0.09 (vs R$0.42 in 3Q 2024)Third quarter 2025 results: EPS: R$0.09 (down from R$0.42 in 3Q 2024). Revenue: R$3.63b (down 2.3% from 3Q 2024). Net income: R$32.6m (down 79% from 3Q 2024). Profit margin: 0.9% (down from 4.2% in 3Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 1.1% decline forecast for the Electric Utilities industry in Brazil. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.分析記事 • Oct 03At R$5.45, Is It Time To Put Light S.A. (BVMF:LIGT3) On Your Watch List?While Light S.A. ( BVMF:LIGT3 ) might not have the largest market cap around , it saw significant share price movement...分析記事 • Sep 02Light (BVMF:LIGT3) Might Have The Makings Of A Multi-BaggerThere are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...Reported Earnings • Aug 14Second quarter 2025 earnings released: R$0.14 loss per share (vs R$0.14 loss in 2Q 2024)Second quarter 2025 results: R$0.14 loss per share (improved from R$0.14 loss in 2Q 2024). Revenue: R$3.46b (down 7.1% from 2Q 2024). Net loss: R$51.4m (flat on 2Q 2024). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 1.6% decline forecast for the Electric Utilities industry in Brazil. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.分析記事 • Aug 12Investors Still Aren't Entirely Convinced By Light S.A.'s (BVMF:LIGT3) Revenues Despite 25% Price JumpBOVESPA:LIGT3 1 Year Share Price vs Fair Value Explore Light's Fair Values from the Community and select yours Light...Major Estimate Revision • Jul 24Consensus EPS estimates increase by 18%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from R$13.2b to R$13.9b. EPS estimate increased from R$1.32 to R$1.56 per share. Net income forecast to shrink 76% next year vs 39% decline forecast for Electric Utilities industry in Brazil. Consensus price target of R$4.00 unchanged from last update. Share price rose 4.8% to R$6.09 over the past week.New Risk • Jul 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 46% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.6% average weekly change). Earnings are forecast to decline by an average of 46% per year for the foreseeable future. Minor Risk High level of debt (113% net debt to equity).分析記事 • Jul 11We Think Light (BVMF:LIGT3) Is Taking Some Risk With Its DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • May 21Market Might Still Lack Some Conviction On Light S.A. (BVMF:LIGT3) Even After 32% Share Price BoostLight S.A. ( BVMF:LIGT3 ) shares have continued their recent momentum with a 32% gain in the last month alone. Taking a...Reported Earnings • May 17First quarter 2025 earnings released: EPS: R$1.13 (vs R$0.97 loss in 1Q 2024)First quarter 2025 results: EPS: R$1.13 (up from R$0.97 loss in 1Q 2024). Revenue: R$3.74b (up 13% from 1Q 2024). Net income: R$419.2m (up R$776.6m from 1Q 2024). Profit margin: 11% (up from net loss in 1Q 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.分析記事 • May 16Returns At Light (BVMF:LIGT3) Appear To Be Weighed DownIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a...分析記事 • Apr 18Light's (BVMF:LIGT3) Strong Earnings Are Of Good QualityInvestors were underwhelmed by the solid earnings posted by Light S.A. ( BVMF:LIGT3 ) recently. Our analysis says that...New Risk • Apr 14New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 123% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk High level of debt (123% net debt to equity).お知らせ • Apr 02Light S.A., Annual General Meeting, Apr 30, 2025Light S.A., Annual General Meeting, Apr 30, 2025.Reported Earnings • Mar 30Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: R$4.41 (up from R$0.70 in FY 2023). Revenue: R$14.9b (up 5.4% from FY 2023). Net income: R$1.64b (up R$1.39b from FY 2023). Profit margin: 11% (up from 1.8% in FY 2023). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates significantly. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.分析記事 • Mar 22Market Might Still Lack Some Conviction On Light S.A. (BVMF:LIGT3) Even After 27% Share Price BoostLight S.A. ( BVMF:LIGT3 ) shareholders would be excited to see that the share price has had a great month, posting a...New Risk • Mar 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Brazilian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.お知らせ • Feb 20+ 3 more updatesLight S.A. to Report Q1, 2025 Results on May 14, 2025Light S.A. announced that they will report Q1, 2025 results on May 14, 2025Reported Earnings • Nov 17Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: R$0.42 (up from R$0.029 loss in 3Q 2023). Revenue: R$3.72b (up 6.4% from 3Q 2023). Net income: R$157.5m (up R$168.5m from 3Q 2023). Profit margin: 4.2% (up from net loss in 3Q 2023). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is expected to decline by 4.6% p.a. on average during the next 2 years, while revenues in the Electric Utilities industry in Brazil are expected to grow by 1.2%. Over the last 3 years on average, earnings per share has fallen by 25% per year whereas the company’s share price has fallen by 27% per year.分析記事 • Oct 31Light S.A. (BVMF:LIGT3) Not Doing Enough For Some Investors As Its Shares Slump 28%Light S.A. ( BVMF:LIGT3 ) shares have retraced a considerable 28% in the last month, reversing a fair amount of their...分析記事 • Oct 31The Return Trends At Light (BVMF:LIGT3) Look PromisingThere are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...分析記事 • Sep 10Is Light (BVMF:LIGT3) Using Too Much Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...New Risk • Aug 26New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: R$370m Forecast net loss in 1 year: R$39m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (R$39m net loss next year). Share price has been volatile over the past 3 months (8.6% average weekly change).分析記事 • Aug 20There's No Escaping Light S.A.'s (BVMF:LIGT3) Muted Revenues Despite A 30% Share Price RiseLight S.A. ( BVMF:LIGT3 ) shareholders would be excited to see that the share price has had a great month, posting a...Reported Earnings • Aug 17Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: R$3.75b (up 12% from 2Q 2023). Net loss: R$12.2m (down 111% from profit in 2Q 2023). Revenue is expected to decline by 7.2% p.a. on average during the next 2 years, while revenues in the Electric Utilities industry in Brazil are expected to grow by 1.6%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance.New Risk • Jul 17New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: R$209m Forecast net loss in 1 year: R$337m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company.New Risk • Jul 15New major risk - Revenue and earnings growthEarnings have declined by 63% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.New Risk • Jun 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Brazilian stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Jun 07Investor sentiment improves as stock rises 16%After last week's 16% share price gain to R$5.82, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Electric Utilities industry in Brazil. Total loss to shareholders of 63% over the past three years.分析記事 • Jun 06Lacklustre Performance Is Driving Light S.A.'s (BVMF:LIGT3) Low P/SLight S.A.'s ( BVMF:LIGT3 ) price-to-sales (or "P/S") ratio of 0.2x may look like a pretty appealing investment...New Risk • Jun 04New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 12% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results.Reported Earnings • May 17First quarter 2024 earnings released: R$0.97 loss per share (vs R$0.29 profit in 1Q 2023)First quarter 2024 results: R$0.97 loss per share (down from R$0.29 profit in 1Q 2023). Revenue: R$3.32b (down 8.1% from 1Q 2023). Net loss: R$357.3m (down 434% from profit in 1Q 2023). Revenue is expected to decline by 2.1% p.a. on average during the next 2 years, while revenues in the Electric Utilities industry in Brazil are expected to grow by 1.3%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance.Major Estimate Revision • Apr 13Consensus EPS estimates fall by 61%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from R$14.0b to R$13.0b. EPS estimate also fell from R$1.23 per share to R$0.48 per share. Net income forecast to shrink 30% next year vs 12% decline forecast for Electric Utilities industry in Brazil. Consensus price target of R$4.00 unchanged from last update. Share price was steady at R$5.17 over the past week.分析記事 • Apr 01Light's (BVMF:LIGT3) Solid Earnings Are Supported By Other Strong FactorsLight S.A. ( BVMF:LIGT3 ) just reported healthy earnings but the stock price didn't move much. Investors are probably...New Risk • Mar 29New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future.New Risk • Mar 26New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risk Share price has been volatile over the past 3 months (6.5% average weekly change).分析記事 • Feb 01Light S.A. (BVMF:LIGT3) Stock's 26% Dive Might Signal An Opportunity But It Requires Some ScrutinyLight S.A. ( BVMF:LIGT3 ) shares have retraced a considerable 26% in the last month, reversing a fair amount of their...お知らせ • Jan 18+ 3 more updatesLight S.A. to Report Q3, 2024 Results on Nov 13, 2024Light S.A. announced that they will report Q3, 2024 results on Nov 13, 2024お知らせ • Jan 16Light S.A., Annual General Meeting, Apr 30, 2024Light S.A., Annual General Meeting, Apr 30, 2024.分析記事 • Jan 04The Returns On Capital At Light (BVMF:LIGT3) Don't Inspire ConfidenceWhen researching a stock for investment, what can tell us that the company is in decline? Typically, we'll see the...Price Target Changed • Nov 23Price target decreased by 27% to R$4.49Down from R$6.16, the current price target is an average from 2 analysts. New target price is 26% below last closing price of R$6.10. Stock is up 11% over the past year. The company is forecast to post earnings per share of R$0.41 next year compared to a net loss per share of R$15.46 last year.Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: R$0.29 (vs R$0.22 loss in 2Q 2022)Second quarter 2023 results: EPS: R$0.29 (up from R$0.22 loss in 2Q 2022). Revenue: R$3.35b (down 1.9% from 2Q 2022). Net income: R$109.4m (up R$189.4m from 2Q 2022). Profit margin: 3.3% (up from net loss in 2Q 2022). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Electric Utilities industry in Brazil. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance.分析記事 • Aug 10Here's What's Concerning About Light's (BVMF:LIGT3) Returns On CapitalDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...Price Target Changed • Aug 08Price target increased by 10% to R$6.49Up from R$5.90, the current price target is an average from 5 analysts. New target price is 11% below last closing price of R$7.32. Stock is up 23% over the past year. The company is forecast to post earnings per share of R$0.30 next year compared to a net loss per share of R$15.46 last year.分析記事 • Jun 08Here's Why Light (BVMF:LIGT3) Is Weighed Down By Its Debt LoadLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...お知らせ • May 17+ 2 more updatesLight S.A.(BOVESPA:LIGT3) dropped from Brazil Special Corporate Governance Stock IndexLight S.A. has been dropped from Brazil Special Corporate Governance Stock Index.Price Target Changed • May 17Price target increased by 8.5% to R$6.40Up from R$5.90, the current price target is an average from 8 analysts. New target price is 66% above last closing price of R$3.85. Stock is down 53% over the past year. The company is forecast to post earnings per share of R$0.64 next year compared to a net loss per share of R$15.46 last year.Reported Earnings • May 12First quarter 2023 earnings released: EPS: R$0.29 (vs R$0.29 loss in 1Q 2022)First quarter 2023 results: EPS: R$0.29 (up from R$0.29 loss in 1Q 2022). Revenue: R$3.61b (up 2.0% from 1Q 2022). Net income: R$107.1m (up R$213.2m from 1Q 2022). Profit margin: 3.0% (up from net loss in 1Q 2022). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Electric Utilities industry in Brazil. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 30Full year 2022 earnings releasedFull year 2022 results: Revenue: R$13.3b (down 11% from FY 2021). Net loss: R$5.67b (down R$6.07b from profit in FY 2021). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Electric Utilities industry in Brazil. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance.Price Target Changed • Feb 17Price target decreased by 17% to R$7.21Down from R$8.66, the current price target is an average from 10 analysts. New target price is 173% above last closing price of R$2.64. Stock is down 73% over the past year. The company is forecast to post a net loss per share of R$0.13 compared to earnings per share of R$1.08 last year.Price Target Changed • Jan 16Price target decreased to R$8.66Down from R$9.70, the current price target is an average from 10 analysts. New target price is 92% above last closing price of R$4.50. Stock is down 56% over the past year. The company is forecast to post earnings per share of R$0.054 for next year compared to R$1.08 last year.分析記事 • Jan 12Here's What's Concerning About Light's (BVMF:LIGT3) Returns On CapitalTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...お知らせ • Dec 12+ 4 more updatesLight S.A., Annual General Meeting, Apr 27, 2023Light S.A., Annual General Meeting, Apr 27, 2023.Board Change • Nov 16High number of new and inexperienced directorsThere are 12 new directors who have joined the board in the last 3 years. The company's board is composed of: 12 new directors. No experienced directors. No highly experienced directors. Independent Director Helio Ferraz is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Nov 13Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: R$3.46b (down 12% from 3Q 2021). Net income: R$7.88m (down 98% from 3Q 2021). Profit margin: 0.2% (down from 9.3% in 3Q 2021). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Electric Utilities industry in Brazil. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance.分析記事 • Oct 01Light (BVMF:LIGT3) Might Be Having Difficulty Using Its Capital EffectivelyThere are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...Major Estimate Revision • Aug 30Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from R$0.35 to R$0.25 per share. Revenue forecast steady at R$13.8b. Net income forecast to grow 66% next year vs 12% decline forecast for Electric Utilities industry in Brazil. Consensus price target down from R$10.97 to R$10.72. Share price fell 4.8% to R$5.76 over the past week.Price Target Changed • Aug 15Price target decreased to R$11.23Down from R$12.13, the current price target is an average from 9 analysts. New target price is 72% above last closing price of R$6.54. Stock is down 56% over the past year. The company is forecast to post earnings per share of R$0.40 for next year compared to R$1.08 last year.分析記事 • Aug 07Is It Time To Consider Buying Light S.A. (BVMF:LIGT3)?Light S.A. ( BVMF:LIGT3 ), is not the largest company out there, but it saw a decent share price growth in the teens...Valuation Update With 7 Day Price Move • Jun 30Investor sentiment deteriorated over the past weekAfter last week's 24% share price decline to R$5.78, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Electric Utilities industry in Brazil. Total loss to shareholders of 70% over the past three years.分析記事 • Jun 30Light (BVMF:LIGT3) May Have Issues Allocating Its CapitalDid you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...Major Estimate Revision • Jun 07Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from R$16.4b to R$14.9b. EPS estimate rose from R$0.45 to R$0.62. Net income forecast to grow 7.7% next year vs 29% decline forecast for Electric Utilities industry in Brazil. Consensus price target down from R$12.71 to R$12.31. Share price rose 3.6% to R$7.98 over the past week.Major Estimate Revision • May 18Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from R$14.8b to R$18.3b. EPS estimate fell from R$0.79 to R$0.03. Net income forecast to shrink 44% next year vs 35% decline forecast for Electric Utilities industry in Brazil. Consensus price target of R$12.81 unchanged from last update. Share price was steady at R$8.28 over the past week.分析記事 • May 14Industry Analysts Just Made A Notable Upgrade To Their Light S.A. (BVMF:LIGT3) Revenue ForecastsLight S.A. ( BVMF:LIGT3 ) shareholders will have a reason to smile today, with the analysts making substantial upgrades...Reported Earnings • May 13First quarter 2022 earnings: Revenues miss analyst expectationsFirst quarter 2022 results: Revenue: R$3.54b (down 4.1% from 1Q 2021). Net loss: R$106.0m (loss widened 154% from 1Q 2021). Revenue missed analyst estimates by 11%. Over the next year, revenue is forecast to grow 20% compared to a 14% decline forecast for the industry in Brazil.分析記事 • Apr 29Is It Time To Consider Buying Light S.A. (BVMF:LIGT3)?While Light S.A. ( BVMF:LIGT3 ) might not be the most widely known stock at the moment, it saw a decent share price...Board Change • Apr 26High number of new and inexperienced directorsThere are 12 new directors who have joined the board in the last 3 years. The company's board is composed of: 12 new directors. No experienced directors. No highly experienced directors. Independent Director Helio Ferraz is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Major Estimate Revision • Apr 20Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from R$15.4b to R$15.2b. EPS estimate rose from R$0.75 to R$0.89. Net income forecast to shrink 20% next year vs 31% decline forecast for Electric Utilities industry in Brazil. Consensus price target down from R$13.61 to R$13.01. Share price fell 11% to R$8.81 over the past week.Price Target Changed • Apr 19Price target decreased to R$13.01Down from R$14.11, the current price target is an average from 8 analysts. New target price is 43% above last closing price of R$9.10. Stock is down 53% over the past year. The company is forecast to post earnings per share of R$0.75 for next year compared to R$1.08 last year.業績と収益の成長予測BOVESPA:LIGT3 - アナリストの将来予測と過去の財務データ ( )BRL Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202814,3231,450N/AN/A112/31/202715,1981,149N/AN/A212/31/202612,251861N/AN/A112/31/202513,278427N/AN/A29/30/202514,9452,2965961,974N/A6/30/202515,0312,4218872,151N/A3/31/202515,2972,4201,4302,506N/A12/31/202414,8761,6441,1832,150N/A9/30/202414,422-2027451,550N/A6/30/202414,200-3709711,725N/A3/31/202413,824-2098641,565N/A12/31/202314,1162556231,396N/A9/30/202313,290-5,288-260686N/A6/30/202313,260-5,270-271877N/A3/31/202313,324-5,459-987415N/A12/31/202213,253-5,672-1,270201N/A9/30/202214,486-106-876670N/A6/30/202214,939250-1,101404N/A3/31/202214,746334-1,583-231N/A12/31/202114,898398-1,291-42N/A9/30/202115,135759-801352N/A6/30/202114,3955314681,521N/A3/31/202113,7194831,3592,333N/A12/31/202013,0736921,3652,334N/A9/30/202012,065-1089911,883N/A6/30/202012,8231,275-486385N/A3/31/202013,1001,330-356505N/A12/31/201913,3901,328-398452N/A9/30/201912,9841,787-481373N/A6/30/201912,224274N/A594N/A3/31/201912,329237N/A198N/A12/31/201811,971166N/A41N/A9/30/201812,490165N/A-230N/A6/30/201812,107218N/A-134N/A3/31/201811,600192N/A-187N/A12/31/201711,315124N/A26N/A9/30/201710,322-161N/A-236N/A6/30/20179,922-282N/A218N/A3/31/20179,740-290N/A727N/A12/31/20169,645-313N/A1,143N/A9/30/201610,076-190N/A2,224N/A6/30/201610,145-90N/A2,097N/A3/31/201610,351-89N/A1,391N/A12/31/201510,91338N/A979N/A9/30/201511,344629N/A426N/A6/30/201510,716538N/A99N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: LIGT3の収益は今後 3 年間で減少すると予測されています (年間-9.3% )。収益対市場: LIGT3の収益は今後 3 年間で減少すると予測されています (年間-9.3% )。高成長収益: LIGT3の収益は今後 3 年間で減少すると予測されています。収益対市場: LIGT3の収益 ( 1% ) BR市場 ( 6.5% ) よりも低い成長が予測されています。高い収益成長: LIGT3の収益 ( 1% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: LIGT3の 自己資本利益率 は、3年後には低くなると予測されています ( 13.4 %)。成長企業の発掘7D1Y7D1Y7D1YUtilities 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/21 02:00終値2026/05/20 00:00収益2025/09/30年間収益2024/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Light S.A. 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。13 アナリスト機関Felipe MattarBarclaysArthur PereiraBofA Global ResearchFrancisco NavarreteBradesco S.A. Corretora de Títulos e Valores Mobiliários10 その他のアナリストを表示
Major Estimate Revision • Apr 24Consensus revenue estimates decrease by 14%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from R$14.2b to R$12.3b. EPS estimate unchanged from R$1.59 per share at last update. Electric Utilities industry in Brazil expected to see average net income decline 18% next year. Consensus price target broadly unchanged at R$5.15. Share price fell 2.8% to R$5.13 over the past week.
Major Estimate Revision • Feb 05Consensus EPS estimates fall by 43%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from R$2.02 to R$1.15 per share. Revenue forecast steady at R$13.3b. Net income forecast to shrink 69% next year vs 29% decline forecast for Electric Utilities industry in Brazil. Consensus price target of R$5.10 unchanged from last update. Share price was steady at R$5.17 over the past week.
Major Estimate Revision • Jul 24Consensus EPS estimates increase by 18%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from R$13.2b to R$13.9b. EPS estimate increased from R$1.32 to R$1.56 per share. Net income forecast to shrink 76% next year vs 39% decline forecast for Electric Utilities industry in Brazil. Consensus price target of R$4.00 unchanged from last update. Share price rose 4.8% to R$6.09 over the past week.
Major Estimate Revision • Apr 13Consensus EPS estimates fall by 61%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from R$14.0b to R$13.0b. EPS estimate also fell from R$1.23 per share to R$0.48 per share. Net income forecast to shrink 30% next year vs 12% decline forecast for Electric Utilities industry in Brazil. Consensus price target of R$4.00 unchanged from last update. Share price was steady at R$5.17 over the past week.
Price Target Changed • Nov 23Price target decreased by 27% to R$4.49Down from R$6.16, the current price target is an average from 2 analysts. New target price is 26% below last closing price of R$6.10. Stock is up 11% over the past year. The company is forecast to post earnings per share of R$0.41 next year compared to a net loss per share of R$15.46 last year.
Price Target Changed • Aug 08Price target increased by 10% to R$6.49Up from R$5.90, the current price target is an average from 5 analysts. New target price is 11% below last closing price of R$7.32. Stock is up 23% over the past year. The company is forecast to post earnings per share of R$0.30 next year compared to a net loss per share of R$15.46 last year.
New Risk • May 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Brazilian stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 9.3% per year for the foreseeable future. Minor Risks High level of debt (123% net debt to equity). Share price has been volatile over the past 3 months (6.6% average weekly change).
New Risk • May 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 9.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 9.3% per year for the foreseeable future. Minor Risk High level of debt (123% net debt to equity).
Major Estimate Revision • Apr 24Consensus revenue estimates decrease by 14%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from R$14.2b to R$12.3b. EPS estimate unchanged from R$1.59 per share at last update. Electric Utilities industry in Brazil expected to see average net income decline 18% next year. Consensus price target broadly unchanged at R$5.15. Share price fell 2.8% to R$5.13 over the past week.
New Risk • Apr 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Brazilian stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (3.9% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (1.4% net profit margin).
Valuation Update With 7 Day Price Move • Apr 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to R$5.34, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 12x in the Electric Utilities industry in Brazil. Total returns to shareholders of 174% over the past three years.
お知らせ • Mar 25Light S.A., Annual General Meeting, Apr 24, 2026Light S.A., Annual General Meeting, Apr 24, 2026.
Reported Earnings • Mar 24Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: R$0.57 (down from R$4.41 in FY 2024). Revenue: R$15.0b (flat on FY 2024). Net income: R$213.0m (down 87% from FY 2024). Profit margin: 1.4% (down from 11% in FY 2024). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 50%. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Electric Utilities industry in Brazil. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Feb 05Consensus EPS estimates fall by 43%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from R$2.02 to R$1.15 per share. Revenue forecast steady at R$13.3b. Net income forecast to shrink 69% next year vs 29% decline forecast for Electric Utilities industry in Brazil. Consensus price target of R$5.10 unchanged from last update. Share price was steady at R$5.17 over the past week.
分析記事 • Jan 28Should You Investigate Light S.A. (BVMF:LIGT3) At R$4.99?While Light S.A. ( BVMF:LIGT3 ) might not have the largest market cap around , it saw a double-digit share price rise...
お知らせ • Dec 13+ 3 more updatesLight S.A. to Report Q3, 2026 Results on Nov 12, 2026Light S.A. announced that they will report Q3, 2026 results on Nov 12, 2026
分析記事 • Dec 11Light (BVMF:LIGT3) Has A Somewhat Strained Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: R$0.09 (vs R$0.42 in 3Q 2024)Third quarter 2025 results: EPS: R$0.09 (down from R$0.42 in 3Q 2024). Revenue: R$3.63b (down 2.3% from 3Q 2024). Net income: R$32.6m (down 79% from 3Q 2024). Profit margin: 0.9% (down from 4.2% in 3Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 1.1% decline forecast for the Electric Utilities industry in Brazil. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
分析記事 • Oct 03At R$5.45, Is It Time To Put Light S.A. (BVMF:LIGT3) On Your Watch List?While Light S.A. ( BVMF:LIGT3 ) might not have the largest market cap around , it saw significant share price movement...
分析記事 • Sep 02Light (BVMF:LIGT3) Might Have The Makings Of A Multi-BaggerThere are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...
Reported Earnings • Aug 14Second quarter 2025 earnings released: R$0.14 loss per share (vs R$0.14 loss in 2Q 2024)Second quarter 2025 results: R$0.14 loss per share (improved from R$0.14 loss in 2Q 2024). Revenue: R$3.46b (down 7.1% from 2Q 2024). Net loss: R$51.4m (flat on 2Q 2024). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 1.6% decline forecast for the Electric Utilities industry in Brazil. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
分析記事 • Aug 12Investors Still Aren't Entirely Convinced By Light S.A.'s (BVMF:LIGT3) Revenues Despite 25% Price JumpBOVESPA:LIGT3 1 Year Share Price vs Fair Value Explore Light's Fair Values from the Community and select yours Light...
Major Estimate Revision • Jul 24Consensus EPS estimates increase by 18%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from R$13.2b to R$13.9b. EPS estimate increased from R$1.32 to R$1.56 per share. Net income forecast to shrink 76% next year vs 39% decline forecast for Electric Utilities industry in Brazil. Consensus price target of R$4.00 unchanged from last update. Share price rose 4.8% to R$6.09 over the past week.
New Risk • Jul 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 46% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.6% average weekly change). Earnings are forecast to decline by an average of 46% per year for the foreseeable future. Minor Risk High level of debt (113% net debt to equity).
分析記事 • Jul 11We Think Light (BVMF:LIGT3) Is Taking Some Risk With Its DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • May 21Market Might Still Lack Some Conviction On Light S.A. (BVMF:LIGT3) Even After 32% Share Price BoostLight S.A. ( BVMF:LIGT3 ) shares have continued their recent momentum with a 32% gain in the last month alone. Taking a...
Reported Earnings • May 17First quarter 2025 earnings released: EPS: R$1.13 (vs R$0.97 loss in 1Q 2024)First quarter 2025 results: EPS: R$1.13 (up from R$0.97 loss in 1Q 2024). Revenue: R$3.74b (up 13% from 1Q 2024). Net income: R$419.2m (up R$776.6m from 1Q 2024). Profit margin: 11% (up from net loss in 1Q 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
分析記事 • May 16Returns At Light (BVMF:LIGT3) Appear To Be Weighed DownIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a...
分析記事 • Apr 18Light's (BVMF:LIGT3) Strong Earnings Are Of Good QualityInvestors were underwhelmed by the solid earnings posted by Light S.A. ( BVMF:LIGT3 ) recently. Our analysis says that...
New Risk • Apr 14New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 123% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk High level of debt (123% net debt to equity).
お知らせ • Apr 02Light S.A., Annual General Meeting, Apr 30, 2025Light S.A., Annual General Meeting, Apr 30, 2025.
Reported Earnings • Mar 30Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: R$4.41 (up from R$0.70 in FY 2023). Revenue: R$14.9b (up 5.4% from FY 2023). Net income: R$1.64b (up R$1.39b from FY 2023). Profit margin: 11% (up from 1.8% in FY 2023). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates significantly. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.
分析記事 • Mar 22Market Might Still Lack Some Conviction On Light S.A. (BVMF:LIGT3) Even After 27% Share Price BoostLight S.A. ( BVMF:LIGT3 ) shareholders would be excited to see that the share price has had a great month, posting a...
New Risk • Mar 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Brazilian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
お知らせ • Feb 20+ 3 more updatesLight S.A. to Report Q1, 2025 Results on May 14, 2025Light S.A. announced that they will report Q1, 2025 results on May 14, 2025
Reported Earnings • Nov 17Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: R$0.42 (up from R$0.029 loss in 3Q 2023). Revenue: R$3.72b (up 6.4% from 3Q 2023). Net income: R$157.5m (up R$168.5m from 3Q 2023). Profit margin: 4.2% (up from net loss in 3Q 2023). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is expected to decline by 4.6% p.a. on average during the next 2 years, while revenues in the Electric Utilities industry in Brazil are expected to grow by 1.2%. Over the last 3 years on average, earnings per share has fallen by 25% per year whereas the company’s share price has fallen by 27% per year.
分析記事 • Oct 31Light S.A. (BVMF:LIGT3) Not Doing Enough For Some Investors As Its Shares Slump 28%Light S.A. ( BVMF:LIGT3 ) shares have retraced a considerable 28% in the last month, reversing a fair amount of their...
分析記事 • Oct 31The Return Trends At Light (BVMF:LIGT3) Look PromisingThere are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...
分析記事 • Sep 10Is Light (BVMF:LIGT3) Using Too Much Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
New Risk • Aug 26New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: R$370m Forecast net loss in 1 year: R$39m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (R$39m net loss next year). Share price has been volatile over the past 3 months (8.6% average weekly change).
分析記事 • Aug 20There's No Escaping Light S.A.'s (BVMF:LIGT3) Muted Revenues Despite A 30% Share Price RiseLight S.A. ( BVMF:LIGT3 ) shareholders would be excited to see that the share price has had a great month, posting a...
Reported Earnings • Aug 17Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: R$3.75b (up 12% from 2Q 2023). Net loss: R$12.2m (down 111% from profit in 2Q 2023). Revenue is expected to decline by 7.2% p.a. on average during the next 2 years, while revenues in the Electric Utilities industry in Brazil are expected to grow by 1.6%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance.
New Risk • Jul 17New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: R$209m Forecast net loss in 1 year: R$337m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company.
New Risk • Jul 15New major risk - Revenue and earnings growthEarnings have declined by 63% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
New Risk • Jun 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Brazilian stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Jun 07Investor sentiment improves as stock rises 16%After last week's 16% share price gain to R$5.82, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Electric Utilities industry in Brazil. Total loss to shareholders of 63% over the past three years.
分析記事 • Jun 06Lacklustre Performance Is Driving Light S.A.'s (BVMF:LIGT3) Low P/SLight S.A.'s ( BVMF:LIGT3 ) price-to-sales (or "P/S") ratio of 0.2x may look like a pretty appealing investment...
New Risk • Jun 04New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 12% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results.
Reported Earnings • May 17First quarter 2024 earnings released: R$0.97 loss per share (vs R$0.29 profit in 1Q 2023)First quarter 2024 results: R$0.97 loss per share (down from R$0.29 profit in 1Q 2023). Revenue: R$3.32b (down 8.1% from 1Q 2023). Net loss: R$357.3m (down 434% from profit in 1Q 2023). Revenue is expected to decline by 2.1% p.a. on average during the next 2 years, while revenues in the Electric Utilities industry in Brazil are expected to grow by 1.3%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance.
Major Estimate Revision • Apr 13Consensus EPS estimates fall by 61%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from R$14.0b to R$13.0b. EPS estimate also fell from R$1.23 per share to R$0.48 per share. Net income forecast to shrink 30% next year vs 12% decline forecast for Electric Utilities industry in Brazil. Consensus price target of R$4.00 unchanged from last update. Share price was steady at R$5.17 over the past week.
分析記事 • Apr 01Light's (BVMF:LIGT3) Solid Earnings Are Supported By Other Strong FactorsLight S.A. ( BVMF:LIGT3 ) just reported healthy earnings but the stock price didn't move much. Investors are probably...
New Risk • Mar 29New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future.
New Risk • Mar 26New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risk Share price has been volatile over the past 3 months (6.5% average weekly change).
分析記事 • Feb 01Light S.A. (BVMF:LIGT3) Stock's 26% Dive Might Signal An Opportunity But It Requires Some ScrutinyLight S.A. ( BVMF:LIGT3 ) shares have retraced a considerable 26% in the last month, reversing a fair amount of their...
お知らせ • Jan 18+ 3 more updatesLight S.A. to Report Q3, 2024 Results on Nov 13, 2024Light S.A. announced that they will report Q3, 2024 results on Nov 13, 2024
お知らせ • Jan 16Light S.A., Annual General Meeting, Apr 30, 2024Light S.A., Annual General Meeting, Apr 30, 2024.
分析記事 • Jan 04The Returns On Capital At Light (BVMF:LIGT3) Don't Inspire ConfidenceWhen researching a stock for investment, what can tell us that the company is in decline? Typically, we'll see the...
Price Target Changed • Nov 23Price target decreased by 27% to R$4.49Down from R$6.16, the current price target is an average from 2 analysts. New target price is 26% below last closing price of R$6.10. Stock is up 11% over the past year. The company is forecast to post earnings per share of R$0.41 next year compared to a net loss per share of R$15.46 last year.
Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: R$0.29 (vs R$0.22 loss in 2Q 2022)Second quarter 2023 results: EPS: R$0.29 (up from R$0.22 loss in 2Q 2022). Revenue: R$3.35b (down 1.9% from 2Q 2022). Net income: R$109.4m (up R$189.4m from 2Q 2022). Profit margin: 3.3% (up from net loss in 2Q 2022). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Electric Utilities industry in Brazil. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance.
分析記事 • Aug 10Here's What's Concerning About Light's (BVMF:LIGT3) Returns On CapitalDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...
Price Target Changed • Aug 08Price target increased by 10% to R$6.49Up from R$5.90, the current price target is an average from 5 analysts. New target price is 11% below last closing price of R$7.32. Stock is up 23% over the past year. The company is forecast to post earnings per share of R$0.30 next year compared to a net loss per share of R$15.46 last year.
分析記事 • Jun 08Here's Why Light (BVMF:LIGT3) Is Weighed Down By Its Debt LoadLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
お知らせ • May 17+ 2 more updatesLight S.A.(BOVESPA:LIGT3) dropped from Brazil Special Corporate Governance Stock IndexLight S.A. has been dropped from Brazil Special Corporate Governance Stock Index.
Price Target Changed • May 17Price target increased by 8.5% to R$6.40Up from R$5.90, the current price target is an average from 8 analysts. New target price is 66% above last closing price of R$3.85. Stock is down 53% over the past year. The company is forecast to post earnings per share of R$0.64 next year compared to a net loss per share of R$15.46 last year.
Reported Earnings • May 12First quarter 2023 earnings released: EPS: R$0.29 (vs R$0.29 loss in 1Q 2022)First quarter 2023 results: EPS: R$0.29 (up from R$0.29 loss in 1Q 2022). Revenue: R$3.61b (up 2.0% from 1Q 2022). Net income: R$107.1m (up R$213.2m from 1Q 2022). Profit margin: 3.0% (up from net loss in 1Q 2022). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Electric Utilities industry in Brazil. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 30Full year 2022 earnings releasedFull year 2022 results: Revenue: R$13.3b (down 11% from FY 2021). Net loss: R$5.67b (down R$6.07b from profit in FY 2021). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Electric Utilities industry in Brazil. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance.
Price Target Changed • Feb 17Price target decreased by 17% to R$7.21Down from R$8.66, the current price target is an average from 10 analysts. New target price is 173% above last closing price of R$2.64. Stock is down 73% over the past year. The company is forecast to post a net loss per share of R$0.13 compared to earnings per share of R$1.08 last year.
Price Target Changed • Jan 16Price target decreased to R$8.66Down from R$9.70, the current price target is an average from 10 analysts. New target price is 92% above last closing price of R$4.50. Stock is down 56% over the past year. The company is forecast to post earnings per share of R$0.054 for next year compared to R$1.08 last year.
分析記事 • Jan 12Here's What's Concerning About Light's (BVMF:LIGT3) Returns On CapitalTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...
お知らせ • Dec 12+ 4 more updatesLight S.A., Annual General Meeting, Apr 27, 2023Light S.A., Annual General Meeting, Apr 27, 2023.
Board Change • Nov 16High number of new and inexperienced directorsThere are 12 new directors who have joined the board in the last 3 years. The company's board is composed of: 12 new directors. No experienced directors. No highly experienced directors. Independent Director Helio Ferraz is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Nov 13Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: R$3.46b (down 12% from 3Q 2021). Net income: R$7.88m (down 98% from 3Q 2021). Profit margin: 0.2% (down from 9.3% in 3Q 2021). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Electric Utilities industry in Brazil. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance.
分析記事 • Oct 01Light (BVMF:LIGT3) Might Be Having Difficulty Using Its Capital EffectivelyThere are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...
Major Estimate Revision • Aug 30Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from R$0.35 to R$0.25 per share. Revenue forecast steady at R$13.8b. Net income forecast to grow 66% next year vs 12% decline forecast for Electric Utilities industry in Brazil. Consensus price target down from R$10.97 to R$10.72. Share price fell 4.8% to R$5.76 over the past week.
Price Target Changed • Aug 15Price target decreased to R$11.23Down from R$12.13, the current price target is an average from 9 analysts. New target price is 72% above last closing price of R$6.54. Stock is down 56% over the past year. The company is forecast to post earnings per share of R$0.40 for next year compared to R$1.08 last year.
分析記事 • Aug 07Is It Time To Consider Buying Light S.A. (BVMF:LIGT3)?Light S.A. ( BVMF:LIGT3 ), is not the largest company out there, but it saw a decent share price growth in the teens...
Valuation Update With 7 Day Price Move • Jun 30Investor sentiment deteriorated over the past weekAfter last week's 24% share price decline to R$5.78, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Electric Utilities industry in Brazil. Total loss to shareholders of 70% over the past three years.
分析記事 • Jun 30Light (BVMF:LIGT3) May Have Issues Allocating Its CapitalDid you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...
Major Estimate Revision • Jun 07Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from R$16.4b to R$14.9b. EPS estimate rose from R$0.45 to R$0.62. Net income forecast to grow 7.7% next year vs 29% decline forecast for Electric Utilities industry in Brazil. Consensus price target down from R$12.71 to R$12.31. Share price rose 3.6% to R$7.98 over the past week.
Major Estimate Revision • May 18Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from R$14.8b to R$18.3b. EPS estimate fell from R$0.79 to R$0.03. Net income forecast to shrink 44% next year vs 35% decline forecast for Electric Utilities industry in Brazil. Consensus price target of R$12.81 unchanged from last update. Share price was steady at R$8.28 over the past week.
分析記事 • May 14Industry Analysts Just Made A Notable Upgrade To Their Light S.A. (BVMF:LIGT3) Revenue ForecastsLight S.A. ( BVMF:LIGT3 ) shareholders will have a reason to smile today, with the analysts making substantial upgrades...
Reported Earnings • May 13First quarter 2022 earnings: Revenues miss analyst expectationsFirst quarter 2022 results: Revenue: R$3.54b (down 4.1% from 1Q 2021). Net loss: R$106.0m (loss widened 154% from 1Q 2021). Revenue missed analyst estimates by 11%. Over the next year, revenue is forecast to grow 20% compared to a 14% decline forecast for the industry in Brazil.
分析記事 • Apr 29Is It Time To Consider Buying Light S.A. (BVMF:LIGT3)?While Light S.A. ( BVMF:LIGT3 ) might not be the most widely known stock at the moment, it saw a decent share price...
Board Change • Apr 26High number of new and inexperienced directorsThere are 12 new directors who have joined the board in the last 3 years. The company's board is composed of: 12 new directors. No experienced directors. No highly experienced directors. Independent Director Helio Ferraz is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Major Estimate Revision • Apr 20Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from R$15.4b to R$15.2b. EPS estimate rose from R$0.75 to R$0.89. Net income forecast to shrink 20% next year vs 31% decline forecast for Electric Utilities industry in Brazil. Consensus price target down from R$13.61 to R$13.01. Share price fell 11% to R$8.81 over the past week.
Price Target Changed • Apr 19Price target decreased to R$13.01Down from R$14.11, the current price target is an average from 8 analysts. New target price is 43% above last closing price of R$9.10. Stock is down 53% over the past year. The company is forecast to post earnings per share of R$0.75 for next year compared to R$1.08 last year.