Company Valuation: Light SA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,378 1,725 2,980 1,513 1,762 5,747 - -
Change - -60.6% 72.79% -49.25% 16.5% 226.13% - -
Enterprise Value (EV) 1 11,955 10,330 11,529 10,854 9,712 11,478 10,571 8,637
Change - -13.59% 11.6% -5.86% -10.52% 18.19% -7.91% -18.29%
P/E 10.9x -0.3x 11.4x 0.92x 8.3x 2.04x 6.49x 6.26x
PBR 0.5x 0.61x 0.95x 0.29x 0.32x 0.48x 0.45x 0.43x
PEG - 0x -0x 0x -0.1x 0x -0.1x 1.72x
Capitalization / Revenue 0.31x 0.13x 0.21x 0.1x 0.12x 0.41x 0.38x 0.37x
EV / Revenue 0.86x 0.78x 0.82x 0.73x 0.65x 0.82x 0.7x 0.55x
EV / EBITDA 6.26x 6.1x 5.36x 5.17x 4.45x 5.61x 3.6x 2.89x
EV / EBIT 9.71x 10.7x 8.46x 9.22x 7.66x 10.6x 5.47x 4.36x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.2628 - - - - - 0.14 0.14
Rate of return 2.24% - - - - - 3.92% 3.92%
EPS 2 1.08 -15.46 0.7 4.41 0.57 1.75 0.55 0.57
Distribution rate 24.3% - - - - - 25.5% 24.6%
Net sales 1 13,931 13,253 14,116 14,876 14,996 13,976 15,012 15,602
EBITDA 1 1,909 1,695 2,150 2,100 2,184 2,044 2,934 2,989
EBIT 1 1,231 964 1,363 1,177 1,269 1,083 1,931 1,981
Net income 1 397.9 -5,672 255.2 1,644 213.1 2,811 890.6 917.4
Net Debt 1 7,578 8,605 8,548 9,341 7,950 5,731 4,824 2,890
Reference price 2 11.750 4.630 8.000 4.060 4.730 3.570 3.570 3.570
Nbr of stocks (in thousands) 372,555 372,555 372,555 372,555 372,555 1,609,810 - -
Announcement Date 24/03/22 28/03/23 25/03/24 28/03/25 21/03/26 - - -
1BRL in Million2BRL
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
2.04x0.82x5.61x-.--% 1.12B
30.64x5.16x37.56x0.21% 251B
20.72x9.04x15.45x2.95% 174B
19.6x4.05x11.16x3.65% 150B
23.53x3.58x14.55x0.57% 106B
12.5x1.84x6.53x5.67% 105B
19.71x5.8x12.72x3.45% 101B
17.82x5.54x11.16x3.62% 93.74B
19.35x5.13x12.41x3.09% 67.78B
18.37x6.21x13.04x4.06% 57.91B
Average 18.43x 4.72x 14.02x 2.73% 110.72B
Weighted average by Cap. 21.74x 5.29x 18.01x 2.62%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield