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Signify NV
(LIGHT)
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Rating:56Neutral
Price Target:
€15.00
▲(2.95% Upside)
Action:Reiterated
Date:07/25/26
The score is held back primarily by weak technicals (price below all key moving averages and negative MACD). Financial performance is mixed—strong free cash flow and manageable leverage are positives, but multi-year revenue contraction and margin/ROE pressure weigh on quality. Valuation helps with a low P/E and high dividend yield, providing a supportive offset.
Positive Factors
Strong cash generation
Consistent, sizable operating and free cash flow (FCF ~81% of net income) supports durable flexibility: funds capex for LED/connected upgrades, funds dividends or buybacks, and cushions investment in software/services even if revenue growth is weak.
Negative Factors
Multi-year revenue contraction
Persistent revenue decline compresses scale benefits and limits ability to regain operating leverage. Over 2–6 months this trend can reduce project wins and pricing power, making it harder to fund growth initiatives and convert product investments into higher recurring revenues.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Consistent, sizable operating and free cash flow (FCF ~81% of net income) supports durable flexibility: funds capex for LED/connected upgrades, funds dividends or buybacks, and cushions investment in software/services even if revenue growth is weak.
Read all positive factors
Signify NV (LIGHT) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€1.78B
Dividend Yield10.64%
Average Volume (3M)435.71K
Price to Earnings (P/E)11.4
Beta (1Y)0.86
Revenue Growth-9.13%
EPS Growth-52.64%
CountryNL
Employees26,008
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)1.29
Shares Outstanding122,581,100
10 Day Avg. Volume437,146
30 Day Avg. Volume435,709
Financial Highlights & Ratios
PEG Ratio-0.49
Price to Book (P/B)0.97
Price to Sales (P/S)0.45
P/FCF Ratio6.47
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€18.36Price Target Upside26.01% Upside
Rating ConsensusHold
Number of Analyst Covering6
EPS Forecast (FY)1.72
Revenue Forecast (FY)€5.47B
Signify NV Business Overview & Revenue Model
Company Description
Signify N.V., founded in 1891 and based in Eindhoven, Netherlands, is a prominent global provider of diverse lighting products, integrated systems, and professional services. Operating across Europe, the Americas, and various international regions...
How the Company Makes Money
Signify makes money primarily by selling lighting hardware and related solutions, supplemented by software, connected services, and professional services delivered around those products.
1) Product sales (core revenue driver)
- Professional light...
Signify NV Financial Statement Overview
Summary
Income Statement
48
Neutral
Balance Sheet
62
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.50B | 5.76B | 6.14B | 6.70B | 7.51B | 6.86B |
| Gross Profit | 2.17B | 2.31B | 2.44B | 2.56B | 2.73B | 2.67B |
| EBITDA | 567.00M | 693.00M | 773.00M | 590.00M | 1.04B | 827.00M |
| Net Income | 156.00M | 254.00M | 328.00M | 203.00M | 523.00M | 397.00M |
Balance Sheet | ||||||
| Total Assets | 6.66B | 6.72B | 7.60B | 8.00B | 8.29B | 8.26B |
| Cash, Cash Equivalents and Short-Term Investments | 498.00M | 623.00M | 633.00M | 1.16B | 676.00M | 852.00M |
| Total Debt | 1.59B | 1.58B | 1.55B | 2.23B | 2.03B | 2.01B |
| Total Liabilities | 3.93B | 3.95B | 4.33B | 5.06B | 5.22B | 5.66B |
| Stockholders Equity | 2.63B | 2.67B | 3.16B | 2.82B | 2.92B | 2.46B |
Cash Flow | ||||||
| Free Cash Flow | 455.00M | 399.00M | 415.00M | 586.00M | 244.00M | 586.00M |
| Operating Cash Flow | 533.00M | 531.00M | 514.00M | 696.00M | 376.00M | 704.00M |
| Investing Cash Flow | -78.00M | -110.00M | -72.00M | -115.00M | -256.00M | -91.00M |
| Financing Cash Flow | -372.00M | -415.00M | -970.00M | -67.00M | -295.00M | -876.00M |
Signify NV Technical Analysis
Negative
14.57
Price Trends
17.94
Negative
18.22
Negative
18.53
Negative
Market Momentum
-0.88
Negative
36.42
Neutral
39.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:LIGHT, the sentiment is Negative. The current price of 14.57 is below the 20-day moving average (MA) of 15.65, below the 50-day MA of 17.94, and below the 200-day MA of 18.53, indicating a bearish trend. The MACD of -0.88 indicates Negative momentum. The RSI at 36.42 is Neutral, neither overbought nor oversold. The STOCH value of 39.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NL:LIGHT.
Signify NV Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | €15.71B | 17.87 | 29.85% | 3.73% | 1.69% | 8.64% | |
64 Neutral | €5.59B | 24.30 | 10.83% | 2.05% | 2.64% | -14.83% | |
62 Neutral | €6.42B | 20.51 | 8.23% | 4.44% | -2.17% | 321.86% | |
62 Neutral | €268.58M | -1,360.44 | -0.12% | ― | -10.67% | 99.28% | |
56 Neutral | €1.78B | 11.44 | 5.85% | 10.78% | -9.13% | -52.64% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | €463.63M | -27.87 | -9.89% | 4.49% | 2.04% | -203.01% |
* General Sector Average
NL:LIGHT
Signify NV
15.06
-4.70
-23.78%
NL:IMCD
IMCD N.V.
97.46
4.21
4.51%
NL:KPN
Royal KPN NV
4.05
0.21
5.39%
NL:PNL
PostNL N.V.
0.96
0.03
3.45%
NL:RAND
Randstad Holding NV
37.60
0.14
0.38%
NL:ALFEN
Alfen NV
12.76
1.42
12.57%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.