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Lightning Group (LIGR) Fair Value & Analysis

Technology · SE · Market cap 36.4M SEK

LG Lightning Group LIGR · ST
Pricekr 0.7850
Fair Valuekr 0.0765
Upside-90.3%
Quality25/100
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Expensive Growth
Loss-making · -5.3% net margin
Low debt · negative free cash flow
Trails peers (4/11)
Narrow moat 13/100
Evidence: Low Range kr 0.0510 – kr 0.0935 Share as image

Fair value as of: Aug 14, 2026

From 1 valuation models · updated today

Share price −20.7% over the past month.

Below-average quality, and screening another 90% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 0.0935). The favourable scenario is already priced in.
  • Weak quality (25/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (kr 0.0510 to kr 0.0935) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

kr 5.96 kr 0.4840 Fair Value kr 0.0765 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 14, 2026.

How to read this chart

60‑month range kr 0.4840 – kr 5.96 · fair‑value band kr 0.0510 – kr 0.0935 · the kr 0.7850 price screens above the kr 0.0765 fair value. Dashed = 300-day average. As of Aug 14, 2026.

Full chart & analysis →

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Analysis

Lightning Group (LIGR) currently trades at kr 0.7850, while our model-based Fair Value estimate is kr 0.0765, implying the stock looks roughly 90.3% overvalued today. The Quality Score stands at 25/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Lightning Group generated revenue of 76.3M SEK at a net margin of -5.3%. Revenue grew 59.5% year over year. It earns a return on equity of -13.3%. Net debt stands at 11.1M SEK. Fundamentals as of Aug 14, 2026

Our scenario range runs from kr 0.0510 (bear case) to kr 0.0935 (bull case); at kr 0.7850, the current price sits above 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 44% below its 52-week high and 86% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -90%, LIGR screens richer 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 Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
NCAV (Graham) kr 0.3000 kr 0.4000 kr 0.6000 50
All 1 models by family
Asset-Based
NCAV (Graham) kr 0.3000 kr 0.4000 kr 0.6000 50

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Key figures & financial health

Revenue (TTM) 76.3M SEK
Revenue growth (YoY) +59.5%
Net margin -5.3%
Return on equity -13.3%
Free cash flow −24.6M SEK FY2025
Operating margin -5.3%
More key figures
EPS (TTM) kr -0.1200
Net debt 11.1M SEK FY2025

Figures from reported company fundamentals · as of Aug 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 25/100

Of which business quality 30 · Market factors (momentum, volatility) 45

Profitability 32
Margins and returns on capital today
Quality Growth 74
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 46
Balance sheet, leverage, solvency risk
Investment 21
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 51
Price trend over the last 3–12 months (market factor)
52W Momentum 30
Distance to the 52-week high (market factor)
Net Issuance 0
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

Lightning Group AB, together with its subsidiaries, develops, designs, and sells lighting control solutions for large and wireless projects in Sweden. The company also provides luminaires, such as spots, downlights, and heavy industrial luminaires. It serves retail, warehousing and logistics, industry, manufacturing, and infrastructure sectors.

Full company description

Lightning Group AB, together with its subsidiaries, develops, designs, and sells lighting control solutions for large and wireless projects in Sweden. The company also provides luminaires, such as spots, downlights, and heavy industrial luminaires. It serves retail, warehousing and logistics, industry, manufacturing, and infrastructure sectors. The company was incorporated in 1993 and is based in Mölndal, Sweden.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

Lightning Group reported revenue of kr 63.5M in FY2025 versus kr 46.1M in FY2022, a compound +11.3%/yr. Reported net income was −kr 4.9M in FY2025.

Growth Quality 32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
63.5M SEK
Latest YoY
+27.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.3%
Revenue +11.3%/yr
FY22 kr 46.1M
FY23 kr 52.2M
FY24 kr 49.9M
FY25 kr 63.5M
Net income
FY22 −kr 200K
FY23 −kr 1.9M
FY24 −kr 5.0M
FY25 −kr 4.9M

LIGR screens 90% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Lightning Group Fair Value". https://www.fairvalue-calculator.com/stock/LIGR

Peer Group

Electronic Components · 647 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 30 · Bottom 25%
Fair Value upside −90% · Bottom 25%
Return on assets -2% · Bottom 25%
Net margin (TTM) -5% · Bottom 25%
Operating margin (TTM) -5% · Bottom 25%
Revenue growth 60% · Top 25%
Debt / equity 0.38× · Higher than 75% of peers

Valuation Multiples vs Electronic Components median · lower = cheaper

P/B 0.13× · Cheaper than 75% of peers
P/S (TTM) 0.05× · Cheaper than 75% of peers
EV/EBITDA 11.7× · Cheaper than median

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 0 · sector 0
FUTURE 100 · sector 36
PAST 0 · sector 24
HEALTH 81 · sector 95
DIVIDEND 0 · sector 24

VALUE 0: the price sits above our fair-value range.

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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Aug 14, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,790 TWD 602.37 TWD -66%
Luxshare Precision Industry Co 002475 ¥56.06 ¥38.44 -31%
Samsung Electro-Mechanics Co 009150 1,503,000 KRW 172,954 KRW -88%
Suzhou Dongshan Precision Manufacturing Co 002384 ¥202.11 ¥21.19 -90%
Shengyi Technology Co 600183 ¥143.23 ¥36.30 -75%
Shennan Circuits Co 002916 ¥385.80 ¥125.52 -67%
Victory Giant Technology (HuiZhou) Co 2476 HK$238.60 HK$75.68 -68%
Kingboard Laminates Holdings 1888 HK$38.70 HK$8.95 -77%
Asia Vital Components Co 3017 2,910 TWD 1,369 TWD -53%
Nan Ya Printed Circuit Board Corporation 8046 1,215 TWD 1,768 TWD +46%

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Frequently asked questions

Is Lightning Group (LIGR) overvalued or undervalued?
As of Aug 14, 2026, our model estimates a fair value of kr 0.0765 versus a price of kr 0.7850, about −90% (overvalued).
What is the fair value of LIGR?
Our model-based fair value for Lightning Group is kr 0.0765 (as of Aug 14, 2026), built from audited fundamentals. The current price is kr 0.7850.
What is the quality score of LIGR?
Lightning Group has a Quality Score of 25/100. 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 Lightning Group (LIGR)?
Lightning Group reported trailing-twelve-month revenue of about 76.3M SEK (latest available figure, as of Aug 14, 2026).
What is the net profit margin of LIGR?
The net profit margin of Lightning Group is about -5.3%, meaning it is currently running at a net loss. 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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