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Signify N.V (LIGHT) Fair Value & Analysis

Industrials · NL · Market cap €2.0B

SN Signify N.V LIGHT · AS
Price€15.31
Fair Value€38.52
Upside+151.6%
Quality63/100
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Weak Growth
Thin margins · 3.5% net margin
Low debt · generates free cash flow
Ranks above peers (9/14)
Narrow moat 39/100
Evidence: High Range €25.80 – €53.74 Share as image

Fair value as of: Jul 13, 2026

From 24 valuation models · updated 28 days ago

Fair value updated Jul 13, 2026, revised from €42.03 to €38.52 (−8.4%) since Jun 25, 2026. Share price −5.0% over the past month.

A solid business, screening 152% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (€25.80). The market is more pessimistic than our downside scenario.
  • Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (€25.80 to €53.74) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€39.42 €13.97 Fair Value €38.52 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range €13.97 – €39.42 · fair‑value band €25.80 – €53.74 · the €15.31 price screens below the €38.52 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

Signify N.V (LIGHT) currently trades at €15.31, while our model-based Fair Value estimate is €38.52, implying the stock looks roughly 151.6% undervalued today. The Quality Score stands at 63/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Signify N.V generated revenue of €5.6B at a net margin of 3.5%. Revenue declined 12.0% year over year. It earns a return on equity of 6.8%. Net debt stands at €958M. Fundamentals as of Jul 13, 2026

Our scenario range runs from €25.80 (bear case) to €53.74 (bull case); at €15.31, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 31% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at 152%, LIGHT screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF €25.59 €33.44 €45.59 80
Residual Income €18.58 €20.07 €22.36 76
Rev-Margin DCF €27.81 €42.74 €61.00 74
All 24 models by family
DCF Models
FCF DCF €24.71 €32.99 €46.87 38
Owner Earnings €22.73 €30.40 €43.28 31
5Y Revenue Exit €27.81 €42.02 €62.68 39
5Y EBITDA Exit €37.59 €58.95 €87.22 41
5Y P/E Exit €25.61 €38.22 €53.31 38
10Y Revenue Exit €25.47 €35.19 €45.61 36
10Y EBITDA Exit €31.69 €44.75 €58.75 37
10Y P/E Exit €25.04 €33.05 €40.59 35
Earnings-Based
Graham-Dodd €14.54 €17.77 €19.99 54
EPV €24.66 €28.37 €31.46 59
Dividend Discount
Gordon GGM €13.27 €14.31 €15.85 70
DDM Multi-Stage €13.27 €15.80 €19.06 61
Multiples
P/E Multiple €33.67 €44.89 €56.12 63
P/S Multiple €27.26 €36.34 €45.43 58
P/B Multiple €27.26 €36.34 €45.43 55
EV/EBIT €47.46 €64.13 €80.80 53
EV/EBITDA €56.05 €75.58 €95.11 54
EV/Revenue €33.15 €48.44 €63.74 43
Asset-Based
NCAV (Graham) €11.25 €15.07 €22.50 50
Growth DCF
Growth DCF €25.59 €33.44 €45.59 80
Rev-Margin DCF €27.81 €42.74 €61.00 74
Economic Profit
Residual Income €18.58 €20.07 €22.36 76
ROIC Compounder €24.66 €28.93 €33.22 72
Growth Earnings
Growth-Adj P/E €23.77 €33.96 €44.15 68

Widest divergence: Multiples (€44.89) versus Dividend Discount (€14.31). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €5.6B
Revenue growth (YoY) -12.0%
Net margin 3.5%
Return on equity 6.8%
Free cash flow €399M FY2025
P/E ratio 10.8
More key figures
Operating margin 7.1%
EPS (TTM) €1.54
EPS growth (YoY) -90.6%
Net debt €958M FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 61 · Market factors (momentum, volatility) 25

Profitability 46
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 62
Earnings quality: real cash, not paper profit
Fin. Strength 45
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 58
Calm price path (market factor)
Momentum 17
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 95
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Signify N.V. provides lighting products, systems, and services in Europe, the Americas, and internationally. It operates through Professional, Consumer, OEM, and Conventional segments.

Full company description

Signify N.V. provides lighting products, systems, and services in Europe, the Americas, and internationally. It operates through Professional, Consumer, OEM, and Conventional segments. The company offers LED products and connected lighting systems and services, including functional LED luminaires, LED and conventional lamps and tubes, and lighting components such as LED drivers, electronics, modules, and sensors. In addition, it produces lamps based on LED technologies, which include high-intensity discharge lamps, compact fluorescent, halogen, incandescent, and specialty lighting products consisting of projection lighting for consumers, electrical installers, distributors, and professional end-users. The company's LED systems and services are used for various market segments, including offices, commercial buildings, shops, hospitality venues, industry, agriculture, and outdoor environments. Signify N.V. was founded in 1891 and is headquartered in Eindhoven, the Netherlands.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Signify N.V reported revenue of €5.8B in FY2025 versus €6.9B in FY2021, a compound −4.3%/yr. Reported net income was €254M in FY2025, compounding −10.6%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€5.8B
Latest YoY
−6.2%
Avg. growth/yr (3Y)
−8.5%
Avg. growth/yr (5Y)
−2.4%
Avg. growth/yr (12Y)
−1.8%
Revenue −4.3%/yr
FY21 €6.9B
FY22 €7.5B
FY23 €6.7B
FY24 €6.1B
FY25 €5.8B
Net income −10.6%/yr
FY21 €397M
FY22 €523M
FY23 €203M
FY24 €328M
FY25 €254M

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Cite: Fair Value Calculator (2026). "Signify N.V Fair Value". https://www.fairvalue-calculator.com/stock/LIGHT

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Electrical Equipment & Parts · 528 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 63 · Top 25%
Fair Value upside +152% · Top 25%
Return on equity (TTM) 7% · Above median
Return on assets 4% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 7% · Above median
Revenue growth -12% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.35× · Higher than 75% of peers

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 10.8× · Cheaper than 75% of peers
P/B 0.85× · Cheaper than 75% of peers
P/S (TTM) 0.41× · Cheaper than 75% of peers
P/FCF 5.7× · Pricier than median
EV/EBITDA 4.7× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 0
FUTURE 0 · sector 57
PAST 27 · sector 26
HEALTH 83 · sector 97
DIVIDEND 0 · sector 18

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 10.16 SGD 1.47 SGD -86%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is Signify N.V (LIGHT) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of €38.52 versus a price of €15.31, about +152% (undervalued).
What is the fair value of LIGHT?
Our model-based fair value for Signify N.V is €38.52 (as of Jul 13, 2026), built from audited fundamentals. The current price is €15.31.
What is the quality score of LIGHT?
Signify N.V has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Signify N.V (LIGHT)?
Signify N.V reported trailing-twelve-month revenue of about €5.6B (latest available figure, as of Jul 13, 2026).
What is the net profit margin of LIGHT?
The net profit margin of Signify N.V is about 3.5%, meaning it keeps roughly 3.5% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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