Light Valuation
Is LIGT3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of LIGT3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: LIGT3 (R$4.62) is trading above our estimate of fair value (R$0.32)
Significantly Below Fair Value: LIGT3 is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for LIGT3?
Key metric: As LIGT3 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.
| What is LIGT3's PS Ratio? | |
|---|---|
| PS Ratio | 0.1x |
| Sales | R$14.42b |
| Market Cap | R$1.62b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.8x |
| Enterprise Value/EBITDA | 5.2x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does LIGT3's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 1.1x | ||
CEBR5 Companhia Energética de Brasília - CEB | 3.6x | n/a | R$1.4b |
COCE5 Companhia Energética do Ceará - COELCE | 0.2x | n/a | R$2.1b |
CEED3 Companhia Estadual de Distribuição de Energia Elétrica | 0.2x | n/a | R$955.9m |
CLSC4 Centrais Elétricas de Santa Catarina | 0.3x | n/a | R$3.1b |
LIGT3 Light | 0.1x | -3.0% | R$1.6b |
Price-To-Sales vs Peers: LIGT3 is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (1.1x).
Price to Sales Ratio vs Industry
How does LIGT3's PS Ratio compare vs other companies in the BR Electric Utilities Industry?
| 3 Companies | Price / Sales | Estimated Growth | Market Cap |
|---|---|---|---|
| Industry Avg. | 0.9x | 1.6% | |
LIGT3 Light | 0.1x | -3.0% | US$278.84m |
COCE5 Companhia Energética do Ceará - COELCE | 0.2x | n/a | US$367.51m |
CEED3 Companhia Estadual de Distribuição de Energia Elétrica | 0.2x | n/a | US$164.47m |
| 3 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
| Industry Avg. | 0.9x | -0.1% | |
LIGT3 Light | 0.1x | 154.1% | US$278.84m |
Price-To-Sales vs Industry: LIGT3 is good value based on its Price-To-Sales Ratio (0.1x) compared to the BR Electric Utilities industry average (0.9x).
Price to Sales Ratio vs Fair Ratio
What is LIGT3's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 0.1x |
| Fair PS Ratio | 0.6x |
Price-To-Sales vs Fair Ratio: LIGT3 is good value based on its Price-To-Sales Ratio (0.1x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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