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Global lighting company (former Philips Lighting) making LED, connected (Philips Hue) and horticultural lighting products.
Global lighting company (former Philips Lighting) making LED, connected (Philips Hue) and horticultural lighting products.
Sells mostly through electrical wholesalers and installers to professional buyers, with consumer and component sales as other streams. It has moved from conventional bulbs, which keep shrinking, to LED and connected lighting, and it uses the Philips name under a long-term licence.
In one line: World's largest lighting company, maker of Philips Hue smart lighting.
Moat: narrow (brand, IP / patents, scale). Licensed Philips brand plus LED/connected-lighting patents and global distribution scale.
Headquarters: Eindhoven, Netherlands · Founded: 1891 · Employees: 26,581
Size Signify (LIGHT.AS) is a Netherlands Industrials company (Electrical Products) with a market value of $2.09B, the 41st largest of 61 Netherlands companies the cockpit tracks. Shares closed at €15.44 on 6 Nov 2026.
Performance Over six months the shares fell 25.8%, against -21.1% for the median peer and +0.4% for the Netherlands market (cap-weighted) — 8th lowest of 19 in its peer set.
Growth Revenue fell 7.8% over the last twelve months (peer median +7.1%); the operating margin is 7.4% (peer median 9.4%).
Valuation It trades at 8.5× forward earnings against a peer median of 21.5× (cheapest of 16).
Price implies For today's price to make sense, revenue must grow about -13% a year for seven years (Req g). Recent delivered growth is -2%, so the hurdle is -10 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.1 points above its cost of capital (5.6% WACC).
Credit Signify has 1 bond outstanding ($668M), rated BBB- by the agencies.
Next results Next results expected around 5 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €5.46B | €5.76B | €6.14B | €6.70B | €7.51B |
| Revenue growth | — | -6% | -8% | -11% | — |
| Gross profit | €2.21B | €2.31B | €2.50B | €2.66B | €2.71B |
| EBITDA | €644M | €693M | €764M | €838M | €936M |
| Net income | €170M | €254M | €328M | €203M | €523M |
| Free cash flow | €529M | €464M | €466M | €646M | €307M |
| Capital expenditure | €126M | €132M | €99.0M | €117M | €131M |
| Total debt | €1.59B | €1.58B | €1.55B | €2.23B | €2.03B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Signify LIGHT.AS | $2.09B | -26% | -8% | 7% | 8.5× | -12.5% |
| ams-OSRAM AMS.SW | $1.78B | -16% | -3% | 8% | n/a | n/a |
| Acuity AYI | $9.59B | +10% | +7% | 16% | 15.1× | 6.6% |
| Hubbell HUBB | $22.7B | -13% | +16% | 21% | 19.1× | 10.5% |
| Opple Lighting 603515.SS | $1.67B | -26% | +1% | 9% | 17.2× | n/a |
| Fagerhult FAG.ST | n/a | -34% | n/a | n/a | n/a | n/a |
| LSI Industries LYTS | $642M | -30% | +20% | 7% | 14.3× | 7.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | LIGHT.AS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.0% | -11.5% | highest of 21 |
| 6-month return | -25.8% | -21.1% | 8th lowest of 19 |
| Distance from 52-week high | -30.1% | -44.8% | 4th highest of 21 |
| Revenue growth (TTM) | -7.8% | +7.1% | 4th lowest of 21 |
| Operating margin | 7.4% | 9.4% | 10th lowest of 21 |
| Forward P/E | 8.5× | 21.5× | cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | -12.5% | 5.7% | 2nd least demanding of 9 |
| Growth delivered (Del g) | -2.4% | +8.3% | lowest of 9 |
| Hurdle (Req g minus delivered) | -10.1 pp | -2.1 pp | 4th least demanding of 9 |
| ROIC minus cost of capital | +2.1 pp | +3.2 pp | 10th lowest of 20 |
| EV / EBITDA | 4.6× | 9.3× | 3rd cheapest of 9 |
| Net debt / EBITDA | 1.5× | -0.5× | most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Signify LIGHT.AS | Netherlands | $2.09B | -26% | -8% | 7% | 8.5× | -12.5% | -2.4% |
| Chung-Hsin Electric & Machinery Manufacturing 1513.TW | Taiwan | $2.07B | -10% | +4% | 19% | 14.7× | -2.2% | +12.3% |
| Voltronic Power Technology 6409.TW | Taiwan | $2.10B | +1% | -13% | 20% | 21.5× | 6.2% | +8.5% |
| Ligent Technologies 9856.HK | Hong Kong | $2.07B | n/a | +33% | 12% | n/a | n/a | n/a |
| Chengdu Jiachi Electronic Technology 688708.SS | China | $2.11B | -33% | -7% | 26% | n/a | n/a | n/a |
| Titan Wind Energy (Suzhou) 002531.SZ | China | $2.05B | -37% | -1% | 5% | 29.4× | n/a | n/a |
| Zhejiang E-P Equipment 603194.SS | China | $2.04B | -3% | +17% | 13% | 14.8× | n/a | n/a |
| AQ Group AB AQ.ST | Sweden | $2.04B | -5% | +11% | 9% | 24.7× | 12.4% | +13.5% |
| Dajin Heavy Industry 1081.HK | Hong Kong | $2.03B | n/a | +2% | 19% | 10.6× | n/a | n/a |
| Minmetals New Energy Materials (Hunan) 688779.SS | China | $2.00B | -36% | +146% | 5% | 23.8× | n/a | n/a |
| Xian Sinofuse Electric 301031.SZ | China | $1.99B | -16% | +56% | 21% | 22.1× | n/a | n/a |
| NuScale Power SMR | United States | $2.18B | -60% | -81% | -6,854% | n/a | n/a | n/a |
| SMA Solar Technology S92.DE | Germany | $1.99B | -21% | +4% | -7% | 16.7× | -4.2% | +8.1% |
| Rept Battero Energy 0666.HK | Hong Kong | $2.19B | -57% | +56% | 6% | 10.0× | n/a | n/a |
| Jinlongyu 002882.SZ | China | $1.97B | -21% | -1% | 3% | n/a | n/a | n/a |
| Nuode New Materials 600110.SS | China | $2.21B | -22% | +100% | 4% | 37.0× | n/a | n/a |
| TD Power Systems TDPOWERSYS.NS | India | $1.96B | -7% | +54% | 17% | 47.1× | 40.6% | +25.6% |
| Meidensha 6508.T | Japan | $1.96B | -20% | +12% | 10% | 11.0× | 5.1% | +7.1% |
| Jiangxi Special Electric Motor 002176.SZ | China | $1.96B | -52% | -13% | -13% | n/a | 48.7% | +1.2% |
| Shenzhen Honor Electronic 300870.SZ | China | $2.26B | -66% | +10% | 3% | 58.9× | n/a | n/a |
| Simplo Technology 6121.TWO | Taiwan | $1.90B | -6% | +3% | 11% | 9.6× | -20.1% | -0.8% |
Signify has 1 bond outstanding with $668M face value. The agencies rate it BBB-.