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B3 · BRL

LIGT3

Light S.A.

R$3.77+2.72% (R$0.10)
Day's range
R$3.61 – R$3.77
Day's volume
R$10.5m
52-week range
R$2.41 – R$6.49

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See how LIGT3 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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LIGT3 in numbers

Market cap
R$6.1bn
P/E
2.51
P/B
0.65
Dividend yield (12m)
0.00%
Net debt/EBITDA
8.97

LIGT3 trades at 2.51 times its earnings of the last 12 months.

LIGT3 price history

06/10/202502/10/2026
Compare with

LIGT3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-27.36%-36.96%-68.05%
Volatility (annualised)52.77%59.20%77.26%
Largest drawdown-47.40%-65.87%-79.32%
Positive months5/1216/3624/60

How much did investing in LIGT3 return?

R$1,000.00 invested on 01/11/2021 would be worth R$319.55 today.

Value today in LIGT3
R$319.55
Return over the period
-68.05%
Return per year
-20.71%
In the Ibovespa
R$1,885.05

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

LIGT3 fundamentals

Valuation

  • P/E
    2.51
  • P/B
    0.65
  • EV/EBITDA
    12.79
  • EV/EBIT
    31.74
  • EV/Revenue
    1.30
  • P/EBIT
    9.47
  • P/S
    0.39
  • P/OCF
    -9.38
  • P/FCF
    5.15
  • Earnings yield
    3.15%
  • PEG ratio
    —
  • Earnings per share
    R$1.50
  • Book value per share
    R$5.78

Debt

  • Net debt
    R$14.3bn
  • Net debt/EBITDA
    8.97
  • Net debt/Equity
    1.53
  • Debt/Equity
    1.73
  • Current ratio
    1.16
  • Quick ratio
    1.14
  • Cash ratio
    0.33

Efficiency

  • Gross margin
    15.86%
  • EBITDA margin
    10.17%
  • Operating margin
    4.10%
  • Net margin
    15.44%
  • Asset turnover
    0.51

Profitability

  • ROE
    25.94%
  • ROA
    7.94%
  • ROIC
    0.00%
  • Payout
    0.00%

Growth

  • Revenue CAGR (5 years)
    1.67%
  • Earnings CAGR (5 years)
    35.36%
  • Revenue growth (year)
    0.81%
  • Earnings growth (year)
    -87.04%
  • Revenue growth (quarter)
    4.05%
  • Earnings growth (quarter)
    -0.25%

What is LIGT3's fair price?

Two classic value formulas, with today's numbers. The current price is R$3.77.

Graham's fair price
R$13.96
270.36% above the price

√(22.50 × R$1.50 × R$5.78)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
R$2.32
38.57% below the price

R$0.14 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

LIGT3 indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E8.270.9211.68-0.3011.0112.725.2919.74
P/B0.320.290.960.610.501.241.130.97
EV/EBITDA7.536.598.15—10.248.719.9110.63
Dividend yield0.00%0.00%0.00%5.48%3.75%0.00%0.84%0.90%
Earnings per shareR$0.57R$4.41R$0.68-R$15.23R$1.07R$1.86R$4.37R$0.81
Book value per shareR$14.63R$14.01R$8.31R$7.64R$23.44R$18.99R$20.50R$16.62
ROE3.91%31.50%8.24%-199.39%4.56%9.78%21.31%4.89%
ROIC2.13%6.39%2.52%-10.40%0.00%6.21%4.83%3.17%
Gross margin16.84%15.65%20.13%14.95%16.25%24.44%24.99%18.57%
EBITDA margin14.57%13.92%16.47%-8.90%12.23%18.14%14.00%12.59%
Net margin1.42%11.05%1.81%-42.80%2.67%5.29%9.92%1.38%
Net debt/EBITDA6.725.866.86—7.845.006.168.46

LIGT3 financial statements

Line202520242023202220212020
Net revenueR$15bnR$14.9bnR$14.1bnR$13.3bnR$14.9bnR$13.1bn
Cost of sales-R$12.5bn-R$12.5bn-R$11.3bn-R$11.3bn-R$12.5bn-R$9.9bn
Gross profitR$2.5bnR$2.3bnR$2.8bnR$2bnR$2.4bnR$3.2bn
EBITDAR$2.2bnR$2.1bnR$2.3bn-R$1.2bnR$1.8bnR$2.4bn
EBITR$1.3bnR$1.2bnR$1.5bn-R$1.9bnR$1.1bnR$1.8bn
Net finance result-R$637.6mR$568.5m-R$721.4m-R$3.4bn-R$1.3bn-R$733.7m
Profit before taxR$630.9mR$1.7bnR$816.5m-R$5.4bn-R$186.9mR$1bn
Income tax-R$417.8m-R$101.8m-R$561.4m-R$314.5mR$584.8m-R$355.7m
Net incomeR$213.1mR$1.6bnR$255.2m-R$5.7bnR$397.9mR$691.9m

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

LIGT3 against its sector

The same indicators for the company's other shares and the sector's largest stocks.

StockP/EP/BDividend yield (12m)ROEMarket cap
LIGT3Light2.510.650.00%25.94%R$6.1bn
AXIA3AXIA ENERGIA S.A.13.761.363.32%9.86%R$160.9bn
AXIA7AXIA ENERGIA S.A.13.711.350.00%9.86%R$160.9bn
SBSP3CIA SANEAMENTO BASICO EST SAO PAULO12.412.2112.32%17.80%R$99.5bn
CPFE3CPFL ENERGIA S.A.9.232.447.76%26.43%R$55.4bn
ENEV3ENEVA S.A57.992.740.00%4.73%R$55.8bn

Does LIGT3 pay dividends?

Dividend yield per year

  • 0.00%2017
  • 0.90%2018
  • 0.84%2019
  • 0.00%2020
  • 3.75%2021
  • 5.48%2022
  • 0.00%2023
  • 0.00%2024
  • 0.00%2025
  • 0.00%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend27/04/202229/12/2022R$0.25
Dividend29/04/202130/07/2021R$0.44
Dividend29/04/201920/12/2019R$0.19
Dividend27/04/201830/05/2018R$0.14
Dividend28/04/201629/12/2016R$0.05
Dividend10/04/201529/12/2015R$0.77
Dividend24/04/201416/12/2014R$1.79
Dividend26/04/201327/12/2013R$0.45
Interest on equity13/12/201326/12/2013R$0.53
Dividend14/12/201227/12/2012R$0.83
Dividend11/04/201211/10/2012R$0.89
Interest on equity16/12/201127/04/2012R$0.43
See all 24 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend16/12/201128/12/2011R$0.58
Dividend28/04/201118/05/2011R$1.72
Dividend23/09/201001/10/2010R$1.78
Dividend24/03/201001/04/2010R$2.12
Dividend09/11/200927/11/2009R$0.46
Dividend18/03/200927/11/2009R$0.45
Dividend18/03/200902/04/2009R$2.00
Dividend07/11/200821/11/2008R$1.72
Dividend17/03/200831/03/2008R$1.00
Dividend26/10/200721/11/2007R$2.55
Interest on equity14/12/2012—R$0.08
Interest on equity21/09/2012—R$0.35
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Split25/06/2021100 for 1
Share consolidation25/06/20211 for 100
Share consolidation03/12/20071 for 1000

About Light

Sector
Energia
Segment
Energia Elétrica
Listing segment
Novo Mercado
Tag along
100.00%
Free float
99.56%
Shares issued
1.61bn ordinary
Average daily trading
R$11.1m
Listed since
22/02/2006
CNPJ
03.378.521/0001-75

A Light S.A. é uma holding do setor elétrico com atuação principal em distribuição de energia no estado do Rio de Janeiro, além de ativos relacionados à geração e comercialização. A companhia atende consumidores residenciais, comerciais, industriais e poder público em sua área de concessão, com receitas reguladas pela estrutura tarifária definida pela ANEEL e sujeitas a perdas técnicas e não técnicas, inadimplência e custos de compra de energia. A empresa opera em um ambiente de regulação intensa, com necessidade de investimentos contínuos em rede, qualidade de serviço e gestão de caixa. O desempenho econômico-financeiro depende de parâmetros regulatórios, evolução do mercado cativo e eficiência operacional. Em anos recentes, a companhia também passou por processo de reestruturação financeira e judicial, tema central para a avaliação de risco de crédito e de continuidade operacional.

Investor website
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
Banco BTG Pactual S.A.17.97%0.00%17.97%
SAMAMBAIA MASTER FIA INVESTIMENTO NO EXTERIOR BDR NÍVEL 115.38%0.00%15.38%
Santander PB Fundo de Investimentos em Ações 17.15%0.00%7.15%
Outros59.49%0.00%59.49%

Questions about LIGT3

How much is LIGT3 today?

LIGT3 is at R$3.77 (2.72% on the day), last traded on 03/10/2026.

How much did LIGT3 pay in dividends in 2025?

LIGT3 paid R$0.00 per share in 2025, a dividend yield of 0.00%.

What are the P/E and P/B of LIGT3?

LIGT3 trades at a P/E of 2.51 and a P/B of 0.65.

How much did LIGT3 return in 12 months?

LIGT3 returned -27.36% in 12 months, with annualised volatility of 52.77% and a largest drawdown of -47.40%.

What sector is LIGT3 in?

Light is in the Energia sector, Energia Elétrica segment.