Light SA
BOVESPA:LIGT3

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Light SA
BOVESPA:LIGT3
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Price: 5.03 BRL -1.37% Market Closed
Market Cap: 1.9B BRL

Relative Value

The Relative Value of one LIGT3 stock under the Base Case scenario is 21.26 BRL. Compared to the current market price of 5.03 BRL, Light SA is Undervalued by 76%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

LIGT3 Relative Value
Base Case
21.26 BRL
Undervaluation 76%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
74
vs Industry
95
Median 3Y
0.1
Median 5Y
0.2
Industry
1.7
Forward
0.2
vs History
47
vs Industry
63
Median 3Y
-0.3
Median 5Y
1.1
Industry
14.9
Forward
-11.4
vs History
80
vs Industry
81
Median 3Y
1.7
Median 5Y
2.9
Industry
6.8
vs History
38
vs Industry
52
Median 3Y
-0.3
Median 5Y
1.6
Industry
14
vs History
76
vs Industry
76
Median 3Y
0.6
Median 5Y
0.6
Industry
1.4
vs History
60
vs Industry
98
Median 3Y
0.5
Median 5Y
0.6
Industry
2.8
Forward
0.6
vs History
26
vs Industry
96
Median 3Y
2.9
Median 5Y
3
Industry
7.4
vs History
41
vs Industry
86
Median 3Y
0.2
Median 5Y
3.6
Industry
10.3
Forward
7.6
vs History
19
vs Industry
82
Median 3Y
0.2
Median 5Y
5.2
Industry
14.9
Forward
32
vs History
52
vs Industry
84
Median 3Y
1.5
Median 5Y
4
Industry
10.8
vs History
19
vs Industry
54
Median 3Y
-2.6
Median 5Y
-2.6
Industry
16.9
vs History
47
vs Industry
96
Median 3Y
0.4
Median 5Y
0.4
Industry
0.9

Multiples Across Competitors

LIGT3 Competitors Multiples
Light SA Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
BR
Light SA
BOVESPA:LIGT3
1.9B BRL 0.1 1.1 3.8 6.6
US
Nextera Energy Inc
NYSE:NEE
138.7B USD 5.5 25.2 16.4 29.5
ES
Iberdrola SA
MAD:IBE
97.9B EUR 2.2 17.4 7.5 12.4
US
Southern Co
NYSE:SO
101.2B USD 3.6 22 12.7 22
US
Duke Energy Corp
NYSE:DUK
95.1B USD 3.1 21.6 12.2 22
IT
Enel SpA
MIL:ENEL
77.3B EUR 1 11 6.3 9.7
US
Constellation Energy Corp
NASDAQ:CEG
83.9B USD 3.6 22.4 12.6 20.6
US
American Electric Power Company Inc
NASDAQ:AEP
57.3B USD 2.9 19.3 12.6 22.2
FR
Electricite de France SA
PAR:EDF
46.6B EUR 0.3 -2.5 -5.4 -3.2
US
Exelon Corp
NASDAQ:EXC
46.8B USD 2 17.3 11.1 19.6
US
Xcel Energy Inc
NASDAQ:XEL
41.1B USD 3 21.3 13.1 29.4
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
BR
Light SA
BOVESPA:LIGT3
Average EV/EBITDA: 10.8
3.8
N/A N/A
US
Nextera Energy Inc
NYSE:NEE
16.4
19%
0.9
ES
Iberdrola SA
MAD:IBE
7.5
0%
N/A
US
Southern Co
NYSE:SO
12.7
7%
1.8
US
Duke Energy Corp
NYSE:DUK
12.2
7%
1.7
IT
Enel SpA
MIL:ENEL
6.3
7%
0.9
US
Constellation Energy Corp
NASDAQ:CEG
12.6
-5%
N/A
US
American Electric Power Company Inc
NASDAQ:AEP
12.6
11%
1.1
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -5.4 N/A N/A
US
Exelon Corp
NASDAQ:EXC
11.1
9%
1.2
US
Xcel Energy Inc
NASDAQ:XEL
13.1
14%
0.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
BR
Light SA
BOVESPA:LIGT3
Average EV/EBIT: 19.4
6.6
N/A N/A
US
Nextera Energy Inc
NYSE:NEE
29.5
23%
1.3
ES
Iberdrola SA
MAD:IBE
12.4
2%
6.2
US
Southern Co
NYSE:SO
22
8%
2.8
US
Duke Energy Corp
NYSE:DUK
22
10%
2.2
IT
Enel SpA
MIL:ENEL
9.7
7%
1.4
US
Constellation Energy Corp
NASDAQ:CEG
20.6
4%
5.2
US
American Electric Power Company Inc
NASDAQ:AEP
22.2
13%
1.7
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -3.2 N/A N/A
US
Exelon Corp
NASDAQ:EXC
19.6
10%
2
US
Xcel Energy Inc
NASDAQ:XEL
29.4
22%
1.3