Light S.A.

BOVESPA:LIGT3 Stock Report

Market Cap: R$1.7b

Light Past Earnings Performance

Past criteria checks 5/6

Light's earnings have been declining at an average annual rate of -37.6%, while the Electric Utilities industry saw earnings growing at 2.5% annually. Revenues have been growing at an average rate of 1.5% per year. Light's return on equity is 31.5%, and it has net margins of 11%.

Key information

-37.6%

Earnings growth rate

-40.5%

EPS growth rate

Electric Utilities Industry Growth19.5%
Revenue growth rate1.5%
Return on equity31.5%
Net Margin11.0%
Next Earnings Update14 May 2025

Recent past performance updates

Light's (BVMF:LIGT3) Strong Earnings Are Of Good Quality

Apr 18
Light's (BVMF:LIGT3) Strong Earnings Are Of Good Quality

Recent updates

Light's (BVMF:LIGT3) Strong Earnings Are Of Good Quality

Apr 18
Light's (BVMF:LIGT3) Strong Earnings Are Of Good Quality

Market Might Still Lack Some Conviction On Light S.A. (BVMF:LIGT3) Even After 27% Share Price Boost

Mar 22
Market Might Still Lack Some Conviction On Light S.A. (BVMF:LIGT3) Even After 27% Share Price Boost

Light S.A. (BVMF:LIGT3) Not Doing Enough For Some Investors As Its Shares Slump 28%

Oct 31
Light S.A. (BVMF:LIGT3) Not Doing Enough For Some Investors As Its Shares Slump 28%

The Return Trends At Light (BVMF:LIGT3) Look Promising

Oct 31
The Return Trends At Light (BVMF:LIGT3) Look Promising

Is Light (BVMF:LIGT3) Using Too Much Debt?

Sep 10
Is Light (BVMF:LIGT3) Using Too Much Debt?

There's No Escaping Light S.A.'s (BVMF:LIGT3) Muted Revenues Despite A 30% Share Price Rise

Aug 20
There's No Escaping Light S.A.'s (BVMF:LIGT3) Muted Revenues Despite A 30% Share Price Rise

Lacklustre Performance Is Driving Light S.A.'s (BVMF:LIGT3) Low P/S

Jun 06
Lacklustre Performance Is Driving Light S.A.'s (BVMF:LIGT3) Low P/S

Light's (BVMF:LIGT3) Solid Earnings Are Supported By Other Strong Factors

Apr 01
Light's (BVMF:LIGT3) Solid Earnings Are Supported By Other Strong Factors

Light S.A. (BVMF:LIGT3) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny

Feb 01
Light S.A. (BVMF:LIGT3) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny

The Returns On Capital At Light (BVMF:LIGT3) Don't Inspire Confidence

Jan 04
The Returns On Capital At Light (BVMF:LIGT3) Don't Inspire Confidence

Here's What's Concerning About Light's (BVMF:LIGT3) Returns On Capital

Aug 10
Here's What's Concerning About Light's (BVMF:LIGT3) Returns On Capital

Here's Why Light (BVMF:LIGT3) Is Weighed Down By Its Debt Load

Jun 08
Here's Why Light (BVMF:LIGT3) Is Weighed Down By Its Debt Load

Here's What's Concerning About Light's (BVMF:LIGT3) Returns On Capital

Jan 12
Here's What's Concerning About Light's (BVMF:LIGT3) Returns On Capital

Light (BVMF:LIGT3) Might Be Having Difficulty Using Its Capital Effectively

Oct 01
Light (BVMF:LIGT3) Might Be Having Difficulty Using Its Capital Effectively

Is It Time To Consider Buying Light S.A. (BVMF:LIGT3)?

Aug 07
Is It Time To Consider Buying Light S.A. (BVMF:LIGT3)?

Light (BVMF:LIGT3) May Have Issues Allocating Its Capital

Jun 30
Light (BVMF:LIGT3) May Have Issues Allocating Its Capital

Industry Analysts Just Made A Notable Upgrade To Their Light S.A. (BVMF:LIGT3) Revenue Forecasts

May 14
Industry Analysts Just Made A Notable Upgrade To Their Light S.A. (BVMF:LIGT3) Revenue Forecasts

Is It Time To Consider Buying Light S.A. (BVMF:LIGT3)?

Apr 29
Is It Time To Consider Buying Light S.A. (BVMF:LIGT3)?

Light (BVMF:LIGT3) Has No Shortage Of Debt

Apr 11
Light (BVMF:LIGT3) Has No Shortage Of Debt

Is Now The Time To Look At Buying Light S.A. (BVMF:LIGT3)?

Jan 26
Is Now The Time To Look At Buying Light S.A. (BVMF:LIGT3)?

Light (BVMF:LIGT3) Takes On Some Risk With Its Use Of Debt

Jan 05
Light (BVMF:LIGT3) Takes On Some Risk With Its Use Of Debt

Be Wary Of Light (BVMF:LIGT3) And Its Returns On Capital

Dec 03
Be Wary Of Light (BVMF:LIGT3) And Its Returns On Capital

Is There Now An Opportunity In Light S.A. (BVMF:LIGT3)?

Oct 24
Is There Now An Opportunity In Light S.A. (BVMF:LIGT3)?

Does Light (BVMF:LIGT3) Have A Healthy Balance Sheet?

Sep 15
Does Light (BVMF:LIGT3) Have A Healthy Balance Sheet?

Investors Met With Slowing Returns on Capital At Light (BVMF:LIGT3)

Aug 25
Investors Met With Slowing Returns on Capital At Light (BVMF:LIGT3)

Should You Investigate Light S.A. (BVMF:LIGT3) At R$15.54?

Jul 19
Should You Investigate Light S.A. (BVMF:LIGT3) At R$15.54?

Here's Why Light (BVMF:LIGT3) Has A Meaningful Debt Burden

Jun 07
Here's Why Light (BVMF:LIGT3) Has A Meaningful Debt Burden

Investors Met With Slowing Returns on Capital At Light (BVMF:LIGT3)

May 20
Investors Met With Slowing Returns on Capital At Light (BVMF:LIGT3)

Why Light S.A. (BVMF:LIGT3) Could Be Worth Watching

Apr 12
Why Light S.A. (BVMF:LIGT3) Could Be Worth Watching

Are Institutions Heavily Invested In Light S.A.'s (BVMF:LIGT3) Shares?

Mar 01
Are Institutions Heavily Invested In Light S.A.'s (BVMF:LIGT3) Shares?

Revenue & Expenses Breakdown

How Light makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

BOVESPA:LIGT3 Revenue, expenses and earnings (BRL Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 2414,8761,6446080
30 Sep 2414,422-2025100
30 Jun 2414,200-3705440
31 Mar 2413,824-2097010
31 Dec 2314,1162559240
30 Sep 2313,290-5,2881,6220
30 Jun 2313,260-5,2701,6430
31 Mar 2313,324-5,4591,6150
31 Dec 2213,253-5,6721,5000
30 Sep 2214,486-1068590
30 Jun 2214,9392509320
31 Mar 2214,7463349610
31 Dec 2114,8983989900
30 Sep 2115,1357591,1890
30 Jun 2114,3955318910
31 Mar 2113,7194831,0380
31 Dec 2013,0736921,0080
30 Sep 2012,065-1081,5560
30 Jun 2012,8231,2751,8180
31 Mar 2013,1001,3301,6760
31 Dec 1913,3901,3281,6600
30 Sep 1912,9841,7871,0500
30 Jun 1912,2242747640
31 Mar 1912,3292378330
31 Dec 1811,9711668950
30 Sep 1812,4901658760
30 Jun 1812,1072187810
31 Mar 1811,6001929070
31 Dec 1711,3151248720
30 Sep 1710,322-1618740
30 Jun 179,922-2829410
31 Mar 179,740-2908220
31 Dec 169,645-3137380
30 Sep 1610,076-1908210
30 Jun 1610,145-907860
31 Mar 1610,351-896880
31 Dec 1510,913386840
30 Sep 1511,3446296240
30 Jun 1510,7165386150
31 Mar 1510,0806115790
31 Dec 149,2016635840
30 Sep 147,9882726500
30 Jun 147,8336466680

Quality Earnings: LIGT3 has high quality earnings.

Growing Profit Margin: LIGT3's current net profit margins (11%) are higher than last year (1.8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: LIGT3 has become profitable over the past 5 years, growing earnings by -37.6% per year.

Accelerating Growth: LIGT3's earnings growth over the past year (544.2%) exceeds its 5-year average (-37.6% per year).

Earnings vs Industry: LIGT3 earnings growth over the past year (544.2%) exceeded the Electric Utilities industry 15.3%.

Return on Equity

High ROE: Whilst LIGT3's Return on Equity (31.5%) is high, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/22 14:49
End of Day Share Price 2025/04/17 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 19 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Felipe MattarBarclays
Arthur PereiraBofA Global Research
Francisco NavarreteBradesco S.A. Corretora de Títulos e Valores Mobiliários