LIGHT SA |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.01 BRL | -0.60% |
|
-1.76% | -37.38% |
| Mar. 26 | Transcript : Light S.A., Q4 2023 Earnings Call, Mar 26, 2024 | |
| Mar. 25 | Light S.A. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 7,221 | 7,386 | 4,378 | 1,725 | 2,980 | 1,867 | - |
| Enterprise Value (EV) 1 | 14,310 | 14,039 | 11,955 | 10,330 | 11,529 | 11,524 | 11,360 |
| P/E ratio | 4.39 x | 10.7 x | 10.9 x | -0.3 x | 11.4 x | 10.4 x | 5.87 x |
| Yield | 4.37% | 2.23% | 2.24% | - | - | 2.39% | 4.28% |
| Capitalization / Revenue | 0.57 x | 0.6 x | 0.31 x | 0.13 x | 0.21 x | 0.15 x | 0.14 x |
| EV / Revenue | 1.13 x | 1.14 x | 0.86 x | 0.78 x | 0.82 x | 0.92 x | 0.86 x |
| EV / EBITDA | 8.46 x | 6.46 x | 6.26 x | 6.1 x | 5.36 x | 7.65 x | 6.6 x |
| EV / FCF | 39.8 x | 10.1 x | -9.26 x | -8.14 x | - | -32.1 x | 16.4 x |
| FCF Yield | 2.51% | 9.87% | -10.8% | -12.3% | - | -3.12% | 6.11% |
| Price to Book | 0.94 x | 1.04 x | 0.5 x | 0.61 x | - | 0.58 x | 0.4 x |
| Nbr of stocks (in thousands) | 303,934 | 303,934 | 372,555 | 372,555 | 372,555 | 372,555 | - |
| Reference price 2 | 23.76 | 24.30 | 11.75 | 4.630 | 8.000 | 5.010 | 5.010 |
| Announcement Date | 3/13/20 | 3/19/21 | 3/24/22 | 3/28/23 | 3/25/24 | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 12,663 | 12,286 | 13,931 | 13,253 | 14,116 | 12,570 | 13,256 |
| EBITDA 1 | 1,692 | 2,172 | 1,909 | 1,695 | 2,150 | 1,507 | 1,722 |
| EBIT 1 | 1,105 | 1,809 | 1,231 | 964 | 1,363 | 1,431 | 1,595 |
| Operating Margin | 8.73% | 14.73% | 8.84% | 7.27% | 9.66% | 11.38% | 12.03% |
| Earnings before Tax (EBT) 1 | 1,989 | 1,048 | -186.9 | -5,341 | 820.1 | 270.8 | 476.8 |
| Net income 1 | 1,328 | 692 | 397.9 | -5,672 | 255.2 | 178.8 | 318.2 |
| Net margin | 10.49% | 5.63% | 2.86% | -42.8% | 1.81% | 1.42% | 2.4% |
| EPS 2 | 5.410 | 2.277 | 1.080 | -15.46 | 0.7000 | 0.4798 | 0.8530 |
| Free Cash Flow 1 | 359.1 | 1,385 | -1,291 | -1,270 | - | -359 | 694 |
| FCF margin | 2.84% | 11.27% | -9.27% | -9.58% | - | -2.86% | 5.24% |
| FCF Conversion (EBITDA) | 21.23% | 63.77% | - | - | - | - | 40.31% |
| FCF Conversion (Net income) | 27.04% | 200.14% | - | - | - | - | 218.12% |
| Dividend per Share 2 | 1.038 | 0.5407 | 0.2628 | - | - | 0.1200 | 0.2145 |
| Announcement Date | 3/13/20 | 3/19/21 | 3/24/22 | 3/28/23 | 3/25/24 | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,640 | 3,772 | 3,543 | 3,411 | 3,465 | 2,835 | 3,614 | 3,347 | 3,495 | 3,661 | 3,567 | 3,137 | 2,989 | 3,405 | - |
| EBITDA | 413.1 | 690.2 | 525.5 | 613.2 | 525.6 | 30.5 | 538.4 | 474.9 | - | 619.1 | - | - | - | - | - |
| EBIT | 213.1 | 511.5 | 339.5 | 431.9 | 281.1 | -155.7 | - | - | - | 418.1 | - | - | - | - | - |
| Operating Margin | 5.85% | 13.56% | 9.58% | 12.66% | 8.11% | -5.49% | - | - | - | 11.42% | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | - | - | -163.5 | -115.2 | -3.862 | - | 213 | 214 | - | 333.7 | 208 | 10 | -47 | 101 | - |
| Net income 1 | 364 | 72.52 | -106 | -80.03 | 7.88 | -5,494 | 107.1 | 109.4 | -10.92 | 49.6 | 137 | 6 | -31 | 66 | - |
| Net margin | 10% | 1.92% | -2.99% | -2.35% | 0.23% | -193.82% | 2.96% | 3.27% | -0.31% | 1.35% | 3.84% | 0.19% | -1.04% | 1.94% | - |
| EPS 2 | 0.9900 | 0.1900 | -0.2900 | -0.2200 | 0.0200 | -14.97 | 0.2900 | 0.3000 | -0.0300 | 0.1500 | 0.3678 | 0.0173 | -0.0833 | 0.1781 | - |
| Dividend per Share 2 | - | 0.2628 | - | - | - | - | - | - | - | - | - | - | - | 0.1200 | - |
| Announcement Date | 11/12/21 | 3/24/22 | 5/11/22 | 8/11/22 | 11/11/22 | 3/28/23 | 5/11/23 | 8/11/23 | 11/10/23 | 3/25/24 | - | - | - | - | - |
1BRL in Million2BRL
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | 7,089 | 6,653 | 7,578 | 8,605 | 8,548 | 9,657 | 9,493 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.189 x | 3.063 x | 3.969 x | 5.077 x | 3.976 x | 6.41 x | 5.514 x |
| Free Cash Flow 1 | 359 | 1,385 | -1,291 | -1,270 | - | -359 | 694 |
| ROE (net income / shareholders' equity) | 27.6% | 10.4% | 5.03% | -98% | 8.59% | 5.65% | 9.15% |
| ROA (Net income/ Total Assets) | 6.37% | 2.75% | 1.46% | -21.7% | 1.07% | 0.77% | 0.66% |
| Assets 1 | 20,857 | 25,123 | 27,337 | 26,192 | 23,911 | 23,124 | 48,577 |
| Book Value Per Share 2 | 25.40 | 23.30 | 23.40 | 7.640 | - | 8.670 | 12.60 |
| Cash Flow per Share | 1.840 | 7.680 | -0.1100 | 0.5500 | - | - | - |
| Capex 1 | 850 | 949 | 1,249 | 1,470 | - | 904 | 956 |
| Capex / Sales | 6.71% | 7.72% | 8.97% | 11.09% | - | 7.19% | 7.21% |
| Announcement Date | 3/13/20 | 3/19/21 | 3/24/22 | 3/28/23 | 3/25/24 | - | - |
1BRL in Million2BRL
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
4
Last Close Price
5.01
BRL
Average target price
4
BRL
Spread / Average Target
-20.16%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -37.38% | 364M | |
| +8.64% | 136B | |
| -2.19% | 77.98B | |
| +0.69% | 75.38B | |
| -8.92% | 66.47B | |
| +61.15% | 59.36B | |
| +4.97% | 44.9B | |
| +7.34% | 42.26B | |
| 0.00% | 41.65B | |
| +3.96% | 37.31B |
- Stock Market
- Equities
- LIGT3 Stock
- Financials Light SA
