Light Valuation

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

LGSX.Y ($0.9) is trading above our estimate of [[fair value]] ($0.14)

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

Valuation Score

3/6

Valuation 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 LGSX.Y when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: LGSX.Y ($0.9) is trading above our estimate of fair value ($0.14)

Significantly Below Fair Value: LGSX.Y is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LGSX.Y?

Key metric: As LGSX.Y is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for LGSX.Y. This is calculated by dividing LGSX.Y's market cap by their current revenue.
What is LGSX.Y's PS Ratio?
PS Ratio	0.1x
Sales	R$14.42b
Market Cap	R$1.72b

LGSX.Y key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.8x
Enterprise Value/EBITDA	4.9x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does LGSX.Y's PS Ratio compare to its peers?

The above table shows the PS ratio for LGSX.Y vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	1.3x
GNE Genie Energy	1x	n/a	US$443.9m
APTL Alaska Power & Telephone	1x	n/a	US$66.4m
HE Hawaiian Electric Industries	0.5x	2.7%	US$1.9b
OTTR Otter Tail	2.5x	2.3%	US$3.4b
LGSX.Y Light	0.1x	-4.6%	US$1.7b

Price-To-Sales vs Peers: LGSX.Y is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (1.3x).

Price to Sales Ratio vs Industry

How does LGSX.Y's PS Ratio compare vs other companies in the US Electric Utilities Industry?

2 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	2.5x	4.6%
LGSX.Y Light	0.1x	-4.6%	US$296.10m
VIA Via Renewables	0.09x	n/a	US$79.52m

No more companies available in this PS range

2 Companies		Estimated Growth	Market Cap
Industry Avg.	2.5x	9.4%
LGSX.Y Light	0.1x	198.7%	US$296.10m

No more companies

Price-To-Sales vs Industry: LGSX.Y is good value based on its Price-To-Sales Ratio (0.1x) compared to the US Electric Utilities industry average (2.5x).

Price to Sales Ratio vs Fair Ratio

What is LGSX.Y'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.

LGSX.Y PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.1x
Fair PS Ratio	0.6x

Price-To-Sales vs Fair Ratio: LGSX.Y 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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