Stock Analysis
Light (BVMF:LIGT3) Full Year 2023 Results
Key Financial Results
- Revenue: R$14.1b (up 6.5% from FY 2022).
- Net income: R$255.2m (up from R$5.67b loss in FY 2022).
- Profit margin: 1.8% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Light Earnings Insights
Looking ahead, revenue is forecast to decline by 2.2% p.a. on average during the next 2 years, while revenues in the Electric Utilities industry in Brazil are expected to remain flat.
Performance of the Brazilian Electric Utilities industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Light that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About BOVESPA:LIGT3
Light
Engages in the generation, transmission, distribution, and sale of electric power in Brazil.
Fair value with mediocre balance sheet.
