How does G14's PE Ratio compare to its peers?

G14 is good value based on its Price-To-Earnings Ratio (10x) compared to the peer average (54.6x).

How does G14's PE Ratio compare vs other companies in the European Electrical Industry?

G14 is good value based on its Price-To-Earnings Ratio (10x) compared to the European Electrical industry average (15.8x).

What is G14's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

G14 is good value based on its Price-To-Earnings Ratio (10x) compared to the estimated Fair Price-To-Earnings Ratio (15.4x).

What is the Fair Price of G14 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

G14 (€21.56) is trading below our estimate of [[fair value]] (€67.28)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

G14 Stock Overview

Provides lighting products, systems, and services in Europe, the Americas, and internationally. More details

G14 fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	1/6
Past Performance	3/6
Financial Health	6/6
Dividends	4/6

Rewards

Trading at 68% below our estimate of its fair value

Earnings are forecast to grow 10.52% per year

Earnings grew by 16% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Large one-off items impacting financial results

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

Signify N.V. Competitors

SGL Carbon

XTRA:SGL

€489.7m

OSRAM Licht

HMSE:OSR

€4.9b

SFC Energy

XTRA:F3C

€286.5m

Nordex

XTRA:NDX1

€2.6b

Price History & Performance

Summary of share price highs, lows and changes for Signify
Historical stock prices
Current Share Price	€21.56
52 Week High	€30.60
52 Week Low	€20.12
Beta	1.18
1 Month Change	-2.27%
3 Month Change	1.41%
1 Year Change	-29.08%
3 Year Change	-44.36%
5 Year Change	n/a
Change since IPO	-50.21%

Recent updates

Shareholder Returns

	G14	DE Electrical	DE Market
7D	3.4%	2.4%	-1.1%
1Y	-29.1%	142.0%	8.1%

Return vs Industry: G14 underperformed the German Electrical industry which returned 145.5% over the past year.

Return vs Market: G14 underperformed the German Market which returned 9.2% over the past year.

Price Volatility

Is G14's price volatile compared to industry and market?
G14 volatility
G14 Average Weekly Movement	5.8%
Electrical Industry Average Movement	5.6%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	11.8%
10% least volatile stocks in DE Market	2.5%

Stable Share Price: G14 has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: G14's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1891	30,159	Eric H. Rondolat	www.signify.com

Signify N.V. provides lighting products, systems, and services in Europe, the Americas, and internationally. The company operates through Digital Solutions, Digital Products, and Conventional Products segments. Its LED, systems and services are used for various market segments comprising offices, commercial buildings, shops, hospitality, industry, agriculture, and outdoor environments.

Signify N.V. Fundamentals Summary

How do Signify's earnings and revenue compare to its market cap?
G14 fundamental statistics
Market cap	€2.67b
Earnings (TTM)	€268.00m
Revenue (TTM)	€6.22b

10.0x

P/E Ratio

0.4x

P/S Ratio

Is G14 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
G14 income statement (TTM)
Revenue	€6.22b
Cost of Revenue	€3.69b
Gross Profit	€2.53b
Other Expenses	€2.27b
Earnings	€268.00m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Jan 24, 2025

Earnings per share (EPS)	2.12
Gross Margin	40.71%
Net Profit Margin	4.31%
Debt/Equity Ratio	58.8%

How did G14 perform over the long term?

See historical performance and comparison

Dividends

7.3%

Current Dividend Yield

80%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/17 20:25
End of Day Share Price	2024/12/17 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

Analyst Sources

Signify N.V. is covered by 29 analysts. 12 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
Wim Gille	ABN AMRO Bank N.V.
James Winchester	Barclays
Trion Reid	Berenberg

Signify XTRA:G14 Stock Report