Signify Valuation

Is LIGHT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: LIGHT (€21.78) is trading below our estimate of fair value (€66.16)

Significantly Below Fair Value: LIGHT is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for LIGHT?

Key metric: As LIGHT is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for LIGHT. This is calculated by dividing LIGHT's market cap by their current earnings.
What is LIGHT's PE Ratio?
PE Ratio10.3x
Earnings€268.00m
Market Cap€2.70b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for LIGHT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.2x
TWEKA TKH Group
10.5x10.5%€1.2b
AALB Aalberts
13x5.9%€4.0b
FUR Fugro
6.6x3.7%€1.9b
BAMNB Koninklijke BAM Groep
6.5x9.3%€1.1b
LIGHT Signify
10.3x10.5%€2.7b

Price-To-Earnings vs Peers: LIGHT is expensive based on its Price-To-Earnings Ratio (10.3x) compared to the peer average (9.2x).


Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
LIGHT 10.3xIndustry Avg. 16.5xNo. of Companies12PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: LIGHT is good value based on its Price-To-Earnings Ratio (10.3x) compared to the European Electrical industry average (16.5x).


Price to Earnings Ratio vs Fair Ratio

What is LIGHT'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.

LIGHT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.3x
Fair PE Ratio12.4x

Price-To-Earnings vs Fair Ratio: LIGHT is good value based on its Price-To-Earnings Ratio (10.3x) compared to the estimated Fair Price-To-Earnings Ratio (12.4x).


Analyst Price Targets

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

The above table shows the analyst LIGHT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€21.78
€29.73
+36.5%
20.2%€42.00€18.00n/a13
Dec ’25€21.18
€30.62
+44.5%
15.8%€42.00€23.50n/a13
Nov ’25€22.62
€30.23
+33.6%
16.7%€42.00€23.50n/a13
Oct ’25€21.52
€31.12
+44.6%
16.4%€42.00€23.00n/a13
Sep ’25€22.24
€31.12
+39.9%
16.4%€42.00€23.00n/a13
Aug ’25€22.18
€31.65
+42.7%
14.4%€42.00€23.50n/a13
Jul ’25€23.60
€33.38
+41.5%
12.5%€42.00€26.00n/a13
Jun ’25€24.92
€33.38
+34.0%
12.5%€42.00€26.00n/a13
May ’25€25.76
€34.00
+32.0%
14.5%€44.00€26.00n/a13
Apr ’25€28.58
€34.58
+21.0%
13.3%€44.00€28.00n/a13
Mar ’25€24.69
€34.35
+39.1%
14.0%€44.00€28.00n/a13
Feb ’25€26.82
€34.42
+28.3%
13.8%€44.00€28.00n/a13
Jan ’25€30.32
€34.79
+14.7%
11.9%€40.00€26.00n/a12
Dec ’24€27.97
€34.25
+22.5%
12.8%€40.00€26.00€21.1812
Nov ’24€25.06
€34.73
+38.6%
13.0%€41.00€26.00€22.6211
Oct ’24€25.51
€36.17
+41.8%
15.6%€50.00€29.00€21.5212
Sep ’24€26.08
€35.77
+37.2%
15.6%€50.00€29.00€22.2413
Aug ’24€28.45
€36.92
+29.8%
14.7%€50.00€30.00€22.1813
Jul ’24€25.67
€38.55
+50.2%
14.6%€50.00€29.00€23.6011
Jun ’24€24.28
€38.82
+59.9%
15.0%€50.00€29.00€24.9211
May ’24€30.21
€41.42
+37.1%
12.1%€50.00€30.00€25.7612
Apr ’24€30.64
€41.53
+35.6%
11.8%€50.00€30.00€28.5813
Mar ’24€33.08
€41.53
+25.6%
11.8%€50.00€30.00€24.6913
Feb ’24€34.47
€41.38
+20.0%
11.6%€50.00€30.00€26.8213
Jan ’24€31.38
€43.92
+40.0%
15.4%€60.00€33.00€30.3213
Dec ’23€32.39
€43.92
+35.6%
15.4%€60.00€33.00€27.9713

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


Discover undervalued companies