Light Past Earnings Performance
Past criteria checks 3/6
Light has been growing earnings at an average annual rate of 28.1%, while the Electric Utilities industry saw earnings growing at 0.02% annually. Revenues have been growing at an average rate of 1% per year. Light's return on equity is 31.4%, and it has net margins of 17.1%.
Key information
28.14%
Earnings growth rate
27.32%
EPS growth rate
| Electric Utilities Industry Growth | 19.53% |
| Revenue growth rate | 1.01% |
| Return on equity | 31.42% |
| Net Margin | 17.09% |
| Next Earnings Update | 13 Aug 2026 |
Recent past performance updates
Recent updates
LIGT3: Lower Required Return Will Support Stronger Margins Ahead
Analysts now place a higher fair value target on Light, lifting their estimate from about R$5.10 to roughly R$6.30. They cite adjustments to discount rate assumptions, slightly weaker revenue growth expectations, and somewhat stronger projected profit margins and future P/E levels.Should 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...Light (BVMF:LIGT3) Has A Somewhat Strained Balance Sheet
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...At 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...Light (BVMF:LIGT3) Might Have The Makings Of A Multi-Bagger
There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...Investors Still Aren't Entirely Convinced By Light S.A.'s (BVMF:LIGT3) Revenues Despite 25% Price Jump
BOVESPA:LIGT3 1 Year Share Price vs Fair Value Explore Light's Fair Values from the Community and select yours Light...We Think Light (BVMF:LIGT3) Is Taking Some Risk With Its Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Market Might Still Lack Some Conviction On Light S.A. (BVMF:LIGT3) Even After 32% Share Price Boost
Light S.A. ( BVMF:LIGT3 ) shares have continued their recent momentum with a 32% gain in the last month alone. Taking a...Returns At Light (BVMF:LIGT3) Appear To Be Weighed Down
If 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...Light's (BVMF:LIGT3) Strong Earnings Are Of Good Quality
Investors were underwhelmed by the solid earnings posted by Light S.A. ( BVMF:LIGT3 ) recently. Our analysis says that...Market Might Still Lack Some Conviction On Light S.A. (BVMF:LIGT3) Even After 27% Share Price Boost
Light S.A. ( BVMF:LIGT3 ) shareholders would be excited to see that the share price has had a great month, posting a...Light 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...The Return Trends At Light (BVMF:LIGT3) Look Promising
There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...Is 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...There's No Escaping Light S.A.'s (BVMF:LIGT3) Muted Revenues Despite A 30% Share Price Rise
Light S.A. ( BVMF:LIGT3 ) shareholders would be excited to see that the share price has had a great month, posting a...Lacklustre Performance Is Driving Light S.A.'s (BVMF:LIGT3) Low P/S
Light S.A.'s ( BVMF:LIGT3 ) price-to-sales (or "P/S") ratio of 0.2x may look like a pretty appealing investment...Light's (BVMF:LIGT3) Solid Earnings Are Supported By Other Strong Factors
Light S.A. ( BVMF:LIGT3 ) just reported healthy earnings but the stock price didn't move much. Investors are probably...Light S.A. (BVMF:LIGT3) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny
Light S.A. ( BVMF:LIGT3 ) shares have retraced a considerable 26% in the last month, reversing a fair amount of their...The Returns On Capital At Light (BVMF:LIGT3) Don't Inspire Confidence
When researching a stock for investment, what can tell us that the company is in decline? Typically, we'll see the...Here's What's Concerning About Light's (BVMF:LIGT3) Returns On Capital
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...Here's Why Light (BVMF:LIGT3) Is Weighed Down By Its Debt Load
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Here's What's Concerning About Light's (BVMF:LIGT3) Returns On Capital
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...Light (BVMF:LIGT3) Might Be Having Difficulty Using Its Capital Effectively
There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...Is 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...Light (BVMF:LIGT3) May Have Issues Allocating Its Capital
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...Revenue & Expenses Breakdown
How Light makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 15,300 | 2,615 | 826 | 0 |
| 31 Dec 25 | 14,996 | 213 | 811 | 0 |
| 30 Sep 25 | 14,945 | 2,296 | 615 | 0 |
| 30 Jun 25 | 15,031 | 2,421 | 859 | 0 |
| 31 Mar 25 | 15,297 | 2,420 | 750 | 0 |
| 31 Dec 24 | 14,876 | 1,644 | 608 | 0 |
| 30 Sep 24 | 14,422 | -202 | 595 | 0 |
| 30 Jun 24 | 14,200 | -370 | 629 | 0 |
| 31 Mar 24 | 13,824 | -209 | 786 | 0 |
| 31 Dec 23 | 14,116 | 255 | 924 | 0 |
| 30 Sep 23 | 13,290 | -5,288 | 1,622 | 0 |
| 30 Jun 23 | 13,260 | -5,270 | 1,643 | 0 |
| 31 Mar 23 | 13,324 | -5,459 | 1,615 | 0 |
| 31 Dec 22 | 13,253 | -5,672 | 1,500 | 0 |
| 30 Sep 22 | 14,486 | -106 | 859 | 0 |
| 30 Jun 22 | 14,939 | 250 | 932 | 0 |
| 31 Mar 22 | 14,746 | 334 | 961 | 0 |
| 31 Dec 21 | 14,898 | 398 | 990 | 0 |
| 30 Sep 21 | 15,135 | 759 | 1,189 | 0 |
| 30 Jun 21 | 14,395 | 531 | 891 | 0 |
| 31 Mar 21 | 13,719 | 483 | 1,038 | 0 |
| 31 Dec 20 | 13,073 | 692 | 1,008 | 0 |
| 30 Sep 20 | 12,065 | -108 | 1,556 | 0 |
| 30 Jun 20 | 12,823 | 1,275 | 1,818 | 0 |
| 31 Mar 20 | 13,100 | 1,330 | 1,676 | 0 |
| 31 Dec 19 | 13,390 | 1,328 | 1,660 | 0 |
| 30 Sep 19 | 12,984 | 1,787 | 1,050 | 0 |
| 30 Jun 19 | 12,224 | 274 | 764 | 0 |
| 31 Mar 19 | 12,329 | 237 | 833 | 0 |
| 31 Dec 18 | 11,971 | 166 | 895 | 0 |
| 30 Sep 18 | 12,490 | 165 | 876 | 0 |
| 30 Jun 18 | 12,107 | 218 | 781 | 0 |
| 31 Mar 18 | 11,600 | 192 | 907 | 0 |
| 31 Dec 17 | 11,315 | 124 | 872 | 0 |
| 30 Sep 17 | 10,322 | -161 | 874 | 0 |
| 30 Jun 17 | 9,922 | -282 | 941 | 0 |
| 31 Mar 17 | 9,740 | -290 | 822 | 0 |
| 31 Dec 16 | 9,645 | -313 | 738 | 0 |
| 30 Sep 16 | 10,076 | -190 | 821 | 0 |
| 30 Jun 16 | 10,145 | -90 | 786 | 0 |
| 31 Mar 16 | 10,351 | -89 | 688 | 0 |
| 31 Dec 15 | 10,913 | 38 | 684 | 0 |
| 30 Sep 15 | 11,344 | 629 | 624 | 0 |
Quality Earnings: LIGT3 has a high level of non-cash earnings.
Growing Profit Margin: LIGT3's current net profit margins (17.1%) are higher than last year (15.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: LIGT3 has become profitable over the past 5 years, growing earnings by 28.1% per year.
Accelerating Growth: LIGT3's earnings growth over the past year (8.1%) is below its 5-year average (28.1% per year).
Earnings vs Industry: LIGT3 earnings growth over the past year (8.1%) exceeded the Electric Utilities industry -5.4%.
Return on Equity
High ROE: Whilst LIGT3's Return on Equity (31.42%) is high, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/07 06:35 |
| End of Day Share Price | 2026/07/06 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Light S.A. is covered by 13 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Felipe Mattar | Barclays |
| Arthur Pereira | BofA Global Research |
| Francisco Navarrete | Bradesco S.A. Corretora de Títulos e Valores Mobiliários |