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Signify

DB:G14
Snowflake Description

Very undervalued with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
G14
DB
€2B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Signify N.V., together with its subsidiaries, develops, manufactures, and sells lighting products worldwide. The last earnings update was 35 days ago. More info.


Add to Portfolio Compare Print
  • Signify has significant price volatility in the past 3 months.
G14 Share Price and Events
7 Day Returns
-3.6%
DB:G14
9.2%
DE Electrical
9.9%
DE Market
1 Year Returns
-30.3%
DB:G14
-8.2%
DE Electrical
-17.5%
DE Market
G14 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Signify (G14) -3.6% -36.4% -40.6% -30.3% -36.5% -
DE Electrical 9.2% -20.6% -35.2% -8.2% -43.7% -44.1%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • G14 underperformed the Electrical industry which returned -8.2% over the past year.
  • G14 underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
G14
Industry
5yr Volatility vs Market

G14 Value

 Is Signify undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Signify to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Signify.

DB:G14 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:G14
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.118 (1 + (1- 25%) (65.76%))
1.449
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.45
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.449 * 5.44%)
7.49%

Discounted Cash Flow Calculation for DB:G14 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Signify is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:G14 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.49%)
2020 314.09 Analyst x4 292.20
2021 427.01 Analyst x4 369.56
2022 495.21 Analyst x3 398.71
2023 499.04 Est @ 0.77% 373.80
2024 501.17 Est @ 0.43% 349.22
2025 502.07 Est @ 0.18% 325.47
2026 502.12 Est @ 0.01% 302.82
2027 501.57 Est @ -0.11% 281.40
2028 500.59 Est @ -0.19% 261.28
2029 499.33 Est @ -0.25% 242.45
Present value of next 10 years cash flows €3,196.00
DB:G14 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €499.33 × (1 + -0.39%) ÷ (7.49% – -0.39%)
€6,310.42
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €6,310.42 ÷ (1 + 7.49%)10
€3,064.09
DB:G14 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €3,196.00 + €3,064.09
€6,260.09
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €6,260.09 / 125.94
€49.71
DB:G14 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:G14 represents 0.96043x of ENXTAM:LIGHT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.96043x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 49.71 x 0.96043
€47.74
Value per share (EUR) From above. €47.74
Current discount Discount to share price of €16.99
= -1 x (€16.99 - €47.74) / €47.74
64.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Signify is available for.
Intrinsic value
>50%
Share price is €16.99 vs Future cash flow value of €47.74
Current Discount Checks
For Signify to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Signify's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Signify's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Signify's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Signify's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:G14 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €2.08
ENXTAM:LIGHT Share Price ** ENXTAM (2020-03-31) in EUR €17.69
Germany Electrical Industry PE Ratio Median Figure of 6 Publicly-Listed Electrical Companies 22.57x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Signify.

DB:G14 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTAM:LIGHT Share Price ÷ EPS (both in EUR)

= 17.69 ÷ 2.08

8.51x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Signify is good value based on earnings compared to the DE Electrical industry average.
  • Signify is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Signify's expected growth come at a high price?
Raw Data
DB:G14 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
17.3%per year
Germany Electrical Industry PEG Ratio Median Figure of 5 Publicly-Listed Electrical Companies 1x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

DB:G14 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.51x ÷ 17.3%

0.49x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Signify is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Signify's assets?
Raw Data
DB:G14 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €17.32
ENXTAM:LIGHT Share Price * ENXTAM (2020-03-31) in EUR €17.69
Germany Electrical Industry PB Ratio Median Figure of 14 Publicly-Listed Electrical Companies 1.69x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:G14 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTAM:LIGHT Share Price ÷ Book Value per Share (both in EUR)

= 17.69 ÷ 17.32

1.02x

* Primary Listing of Signify.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Signify is good value based on assets compared to the DE Electrical industry average.
X
Value checks
We assess Signify's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. Signify has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

G14 Future Performance

 How is Signify expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Signify expected to grow at an attractive rate?
  • Signify's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Signify's earnings growth is expected to exceed the Germany market average.
  • Signify's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:G14 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:G14 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 17.3%
DB:G14 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 3.9%
Germany Electrical Industry Earnings Growth Rate Market Cap Weighted Average 69.2%
Germany Electrical Industry Revenue Growth Rate Market Cap Weighted Average 12.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:G14 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:G14 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 7,042 1
2023-12-31 7,190 583 2
2022-12-31 7,324 602 397 7
2021-12-31 7,286 559 327 9
2020-12-31 6,865 395 200 9
2020-03-31
DB:G14 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 6,247 599 262
2019-09-30 6,222 558 285
2019-06-30 6,275 587 307
2019-03-31 6,335 430 286
2018-12-31 6,358 381 263
2018-09-30 6,525 544 190
2018-06-30 6,614 455 208
2018-03-31 6,776 448 251
2017-12-31 6,965 435 294
2017-09-30 7,007 277 315
2017-06-30 7,068 469 257
2017-03-31 7,103 568 238

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Signify's earnings are expected to grow by 17.3% yearly, however this is not considered high growth (20% yearly).
  • Signify's revenue is expected to grow by 3.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:G14 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Signify Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:G14 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31 2.82 2.82 2.82 1.00
2022-12-31 2.71 3.33 2.33 3.00
2021-12-31 2.20 2.73 1.85 5.00
2020-12-31 1.09 1.92 0.46 5.00
2020-03-31
DB:G14 Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 2.08
2019-09-30 2.25
2019-06-30 2.39
2019-03-31 2.19
2018-12-31 1.96
2018-09-30 1.38
2018-06-30 1.49
2018-03-31 1.77
2017-12-31 2.04
2017-09-30 2.17
2017-06-30 1.74
2017-03-31 1.60

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Signify is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Signify's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Signify has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

G14 Past Performance

  How has Signify performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Signify's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Signify's year on year earnings growth rate has been positive over the past 5 years.
  • Signify's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Signify's 1-year earnings growth is negative, it can't be compared to the DE Electrical industry average.
Earnings and Revenue History
Signify's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Signify Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:G14 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 6,247.00 262.00 1,557.00 270.00
2019-09-30 6,222.00 285.00 1,565.00 265.00
2019-06-30 6,275.00 307.00 1,577.00 269.00
2019-03-31 6,335.00 286.00 1,600.00 276.00
2018-12-31 6,358.00 263.00 1,621.00 287.00
2018-09-30 6,525.00 190.00 1,696.00 306.00
2018-06-30 6,614.00 208.00 1,744.00 322.00
2018-03-31 6,776.00 251.00 1,802.00 334.00
2017-12-31 6,965.00 294.00 1,868.00 342.00
2017-09-30 7,007.00 315.00 1,940.00 345.00
2017-06-30 7,068.00 257.00 1,989.00 340.00
2017-03-31 7,103.00 238.00 2,028.00 338.00
2016-12-31 7,115.00 189.00 2,017.00 340.00
2016-09-30 7,226.00 163.00 2,005.00 349.00
2016-06-30 7,325.00 178.00 1,986.00 362.00
2016-03-31 7,440.00 214.00 1,960.00 366.00
2015-12-31 7,465.00 226.00 1,984.00 365.00
2014-12-31 6,981.00 -22.00 1,833.00 382.00
2013-12-31 7,129.00 168.00 1,922.00 373.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Signify has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Signify used its assets less efficiently than the DE Electrical industry average last year based on Return on Assets.
  • Signify has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Signify's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Signify has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

G14 Health

 How is Signify's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Signify's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Signify is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Signify's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Signify's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Signify Company Filings, last reported 3 months ago.

DB:G14 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,323.00 1,213.00 847.00
2019-09-30 2,200.00 1,496.00 639.00
2019-06-30 2,056.00 1,231.00 624.00
2019-03-31 2,208.00 1,521.00 736.00
2018-12-31 2,119.00 1,247.00 680.00
2018-09-30 2,067.00 1,271.00 539.00
2018-06-30 2,133.00 1,286.00 602.00
2018-03-31 2,202.00 1,268.00 833.00
2017-12-31 2,320.00 1,310.00 942.00
2017-09-30 2,432.00 1,315.00 605.00
2017-06-30 2,396.00 1,309.00 612.00
2017-03-31 2,746.00 1,360.00 935.00
2016-12-31 2,808.00 1,381.00 1,040.00
2016-09-30 2,583.00 1,345.00 701.00
2016-06-30 2,564.00 1,326.00 462.00
2016-03-31 3,121.00 758.00 353.00
2015-12-31 3,616.00 88.00 83.00
2014-12-31 3,583.00 90.00 75.00
2013-12-31 3,299.00 8.00 51.00
  • Signify's level of debt (52.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (2.5% vs 52.2% today).
  • Debt is well covered by operating cash flow (49.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 35.7x coverage).
X
Financial health checks
We assess Signify's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Signify has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

G14 Dividends

 What is Signify's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Signify dividends. Estimated to be 7.83% next year.
If you bought €2,000 of Signify shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Signify's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Signify's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:G14 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
Germany Electrical Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:G14 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31 1.50 1.00
2022-12-31 1.46 8.00
2021-12-31 1.42 11.00
2020-12-31 1.28 10.00
2020-03-31
DB:G14 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-27 0.000 0.000
2019-02-26 1.300 5.048
2019-02-01 1.300 5.627
2018-05-15 1.250 5.548
2017-02-21 1.100 3.570
2017-01-23 1.100 4.517

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Signify has not reported any payouts.
  • Unable to verify if Signify's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Signify's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Signify has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess Signify's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Signify afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Signify has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

G14 Management

 What is the CEO of Signify's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Eric Rondolat
COMPENSATION €2,822,104
AGE 53
TENURE AS CEO 3.8 years
CEO Bio

Mr. Eric Rondolat has been Global Chief Executive Officer and Executive Vice President of Philips Lighting North America Corporation since March 20, 2012. Mr. Rondolat has been the Chief Executive Officer and Chairman of The Board of Management of Signify N.V. (formerly known as Philips Lighting N.V.) since May 2016. He served as an Executive Vice President of Koninklijke Philips N.V., from March 2012 to June 3, 2016. He served as an Executive Vice President of Power Asia-Pacific at Schneider Electric S.E. and Schneider Electric India Private Ltd. since January 2010. He served as an Executive Vice President of Power Business Unit of Schneider Electric SE since July 2006 until 2009. His career has mainly been focused on international. He began his career in Merlin Gerin in 1990. From 1990 to 1995, he held a sales position in Schneider Electric Australia and served as Marketing Manager of an activity in Asia, based in Singapore. Mr. Rondolat served as a Plant Manager of the subsidiary Systèmes Equipements Tableaux BT in France from 1995 to 1999 and General Manager of Merlin Gerin Loire from 1999 to 2001. He served as Country Manager of Schneider Electric Argentina, Uruguay and Paraguay from 2001 to 2003. Since 2004, he served as Senior Vice President in the Customers and Markets Division of Schneider Electric Argentina, responsible for the strategic marketing of panelbuilders, contractors, electric utilities and building, energy and infrastructure markets. He completed the study of a strategic partnership at Merlin Gerin. Mr. Rondolat holds Master of International Marketing Degree (ESC Grenoble, France), ENSEEG from Institute National Polytechnique de Grenoble, France. He holds an Engineering degree.

CEO Compensation
  • Eric's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Eric's remuneration is about average for companies of similar size in Germany.
Management Team

Eric Rondolat

TITLE
Chairman of the Board of Management & CEO
COMPENSATION
€3M
AGE
53
TENURE
3.8 yrs

René Van Schooten

TITLE
CFO & Member of the Board of Management
COMPENSATION
€2M
AGE
60

Robin Jansen

TITLE
Head of Investor Relations

Bill Bien

TITLE
Chief Strategy & Marketing Officer

Mark Van Bijsterveld

TITLE
Chief HR Officer

Chris White

TITLE
President of the Americas
TENURE
2 yrs
Board of Directors Tenure

Average tenure and age of the Signify board of directors in years:

2.5
Average Tenure
62
Average Age
  • The average tenure for the Signify board of directors is less than 3 years, this suggests a new board.
Board of Directors

Arthur P. Van der Poel

TITLE
Independent Chairman of Supervisory Board
COMPENSATION
€138K
AGE
71

Gerard J. Van de Aast

TITLE
Independent Vice Chairman of Supervisory Board
COMPENSATION
€113K
AGE
62
TENURE
2.2 yrs

Jill Lee

TITLE
Independent Member of Supervisory Board
COMPENSATION
€115K
AGE
56
TENURE
2.8 yrs

Rita Lane

TITLE
Independent Member of Supervisory Board
COMPENSATION
€122K
AGE
57
TENURE
4.2 yrs

Eelco Blok

TITLE
Independent Member of Supervisory Board
COMPENSATION
€96K
AGE
62
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Signify's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Signify has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

G14 News

Simply Wall St News

G14 Company Info

Description

Signify N.V., together with its subsidiaries, develops, manufactures, and sells lighting products worldwide. It operates through four segments: Lamps, LED, Professional, and Home. The company offers various light-emitting diode (LED) lamps, including spots, bulbs, and tubes for the professional and consumer channels, and original equipment manufacturers (OEMs); and LED electronic components, such as LED drivers and LED modules for luminaire OEMs, as well as for professional luminaire applications in the retail, office, and outdoor segments. It also provides LED and conventional luminaires, systems, and services for various market segments comprising offices, commercial buildings, shops, hospitality, industry, and outdoor environments that include smart cities; and develops and sells connected lighting systems, functional and decorative home luminaires, and premium luminaires. In addition, the company produces and sells lamps, which comprise high intensity discharge lamp, TL, fluorescent, and halogen, as well as electronic components, including electronic ballast and drivers; and specialty lighting products, as well as digital projection lighting and drivers to the OEM market and replacement market. It provides its consumer and professional lamps to consumers, electrical installers, and professional end-users through various channels for use in residential and professional applications; and lamp electronics for luminaire manufacturers directly, as well as replacement products through electrical wholesalers. The company was formerly known as Philips Lighting N.V. and changed its name to Signify N.V. in May 2018. Signify N.V. was founded in 1891 and is headquartered in Eindhoven, the Netherlands.

Details
Name: Signify N.V.
G14
Exchange: DB
Founded: 1891
€2,227,854,382
125,938,631
Website: http://www.signify.com
Address: Signify N.V.
High Tech Campus 45,
Eindhoven,
Noord-Brabant, 5656 AE,
Netherlands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTAM LIGHT Ordinary Shares Euronext Amsterdam NL EUR 27. May 2016
OTCPK SFFY.F Ordinary Shares Pink Sheets LLC US USD 27. May 2016
DB G14 Ordinary Shares Deutsche Boerse AG DE EUR 27. May 2016
LSE 0RHI Ordinary Shares London Stock Exchange GB EUR 27. May 2016
BATS-CHIXE LIGHTA Ordinary Shares BATS 'Chi-X Europe' GB EUR 27. May 2016
OTCPK PHPP.Y UNSPONSORD ADR Pink Sheets LLC US USD 12. Oct 2017
Number of employees
Current staff
Staff numbers
32,005
Signify employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 23:57
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/02/25
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.