Light S.A (LIGT3) - Net Assets
Based on the latest financial reports, Light S.A (LIGT3) has net assets worth R$9.31 Billion BRL (≈ $1.83 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$32.01 Billion ≈ $6.28 Billion USD) and total liabilities (R$22.70 Billion ≈ $4.45 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how strategically is Light S.A's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R$9.31 Billion |
| % of Total Assets | 29.08% |
| Annual Growth Rate | 2.22% |
| 5-Year Change | -37.61% |
| 10-Year Change | 62.46% |
| Growth Volatility | 71.85 |
Light S.A - Net Assets Trend (2000–2025)
This chart illustrates how Light S.A's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of Light S.A.
Annual Net Assets for Light S.A (2000–2025)
The table below shows the annual net assets of Light S.A from 2000 to 2025. Also explore Light S.A net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | R$5.45 Billion ≈ $1.07 Billion |
+4.41% |
| 2024-12-31 | R$5.22 Billion ≈ $1.02 Billion |
+68.57% |
| 2023-12-31 | R$3.10 Billion ≈ $607.43 Million |
+8.82% |
| 2022-12-31 | R$2.84 Billion ≈ $558.19 Million |
-67.43% |
| 2021-12-31 | R$8.73 Billion ≈ $1.71 Billion |
+23.41% |
| 2020-12-31 | R$7.08 Billion ≈ $1.39 Billion |
+13.57% |
| 2019-12-31 | R$6.23 Billion ≈ $1.22 Billion |
+83.82% |
| 2018-12-31 | R$3.39 Billion ≈ $665.08 Million |
-1.25% |
| 2017-12-31 | R$3.43 Billion ≈ $673.51 Million |
+2.35% |
| 2016-12-31 | R$3.35 Billion ≈ $658.08 Million |
-8.49% |
| 2015-12-31 | R$3.67 Billion ≈ $719.15 Million |
+1.00% |
| 2014-12-31 | R$3.63 Billion ≈ $712.00 Million |
+4.36% |
| 2013-12-31 | R$3.48 Billion ≈ $682.28 Million |
+14.92% |
| 2012-12-31 | R$3.03 Billion ≈ $593.69 Million |
-4.61% |
| 2011-12-31 | R$3.17 Billion ≈ $622.37 Million |
-4.75% |
| 2010-12-31 | R$3.33 Billion ≈ $653.43 Million |
-6.29% |
| 2009-12-31 | R$3.55 Billion ≈ $697.29 Million |
+26.75% |
| 2008-12-31 | R$2.80 Billion ≈ $550.14 Million |
+4.16% |
| 2007-12-31 | R$2.69 Billion ≈ $528.18 Million |
+78.44% |
| 2006-12-31 | R$1.51 Billion ≈ $296.00 Million |
-11.24% |
| 2005-12-31 | R$1.70 Billion ≈ $333.47 Million |
+302.79% |
| 2004-12-31 | R$421.94 Million ≈ $82.79 Million |
-18.79% |
| 2003-12-31 | R$519.54 Million ≈ $101.94 Million |
-48.46% |
| 2002-12-31 | R$1.01 Billion ≈ $197.78 Million |
+1381.98% |
| 2001-12-31 | R$-78.62 Million ≈ $-15.43 Million |
-102.50% |
| 2000-12-31 | R$3.15 Billion ≈ $617.25 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Light S.A's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 1690.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | R$5.39 Billion | 98.96% |
| Other Comprehensive Income | R$423.22 Million | 7.77% |
| Total Equity | R$5.45 Billion | 100.00% |
Light S.A Competitors by Market Cap
The table below lists competitors of Light S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Naruida Technology Co. Ltd. Cl A
SHG:688522
|
$1.14 Billion |
|
MoonLake Immunotherapeutics
NASDAQ:MLTX
|
$1.14 Billion |
|
IGB Bhd
KLSE:5606
|
$1.14 Billion |
|
Japfa Comfeed Indonesia Tbk
JK:JPFA
|
$1.14 Billion |
|
Amoy Diagnostics Co Ltd
SHE:300685
|
$1.14 Billion |
|
Tennant Company
NYSE:TNC
|
$1.14 Billion |
|
Carter’s Inc
NYSE:CRI
|
$1.14 Billion |
|
Suzhou Chunqiu Electronic Technology Co Ltd Class A
SHG:603890
|
$1.14 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Light S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,218,457,000 to 5,448,695,000, a change of 230,238,000 (4.4%).
- Net income of 213,095,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 3,275,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$213.09 Million | +3.91% |
| Other Comprehensive Income | R$3.27 Million | +0.06% |
| Other Changes | R$13.87 Million | +0.25% |
| Total Change | R$- | 4.41% |
Book Value vs Market Value Analysis
This analysis compares Light S.A's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.25x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.72x to 0.25x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | R$5.00 | R$3.60 | x |
| 2005-12-31 | R$12.72 | R$3.60 | x |
| 2006-12-31 | R$7.41 | R$3.60 | x |
| 2007-12-31 | R$13.20 | R$3.60 | x |
| 2008-12-31 | R$13.75 | R$3.60 | x |
| 2009-12-31 | R$17.43 | R$3.60 | x |
| 2010-12-31 | R$16.33 | R$3.60 | x |
| 2011-12-31 | R$15.55 | R$3.60 | x |
| 2012-12-31 | R$14.84 | R$3.60 | x |
| 2013-12-31 | R$17.05 | R$3.60 | x |
| 2014-12-31 | R$17.79 | R$3.60 | x |
| 2015-12-31 | R$17.97 | R$3.60 | x |
| 2016-12-31 | R$16.45 | R$3.60 | x |
| 2017-12-31 | R$16.83 | R$3.60 | x |
| 2018-12-31 | R$16.62 | R$3.60 | x |
| 2019-12-31 | R$25.37 | R$3.60 | x |
| 2020-12-31 | R$23.28 | R$3.60 | x |
| 2021-12-31 | R$23.81 | R$3.60 | x |
| 2022-12-31 | R$7.75 | R$3.60 | x |
| 2023-12-31 | R$8.44 | R$3.60 | x |
| 2024-12-31 | R$14.01 | R$3.60 | x |
| 2025-12-31 | R$14.63 | R$3.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Light S.A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.91%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.42%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 5.01x
- Recent ROE (3.91%) is above the historical average (1.31%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | -23.13% | -2.39% | 0.50x | 19.22x | R$-139.80 Million |
| 2005 | 14.29% | 4.97% | 0.56x | 5.12x | R$72.89 Million |
| 2006 | -9.98% | -3.04% | 0.58x | 5.67x | R$-301.34 Million |
| 2007 | 40.02% | 21.58% | 0.55x | 3.35x | R$808.06 Million |
| 2008 | 34.76% | 17.99% | 0.57x | 3.37x | R$694.08 Million |
| 2009 | 16.57% | 9.49% | 0.63x | 2.77x | R$233.44 Million |
| 2010 | 17.27% | 8.84% | 0.68x | 2.88x | R$242.14 Million |
| 2011 | 9.79% | 4.47% | 0.65x | 3.36x | R$-6.54 Million |
| 2012 | 14.01% | 5.90% | 0.64x | 3.68x | R$121.35 Million |
| 2013 | 16.89% | 8.00% | 0.56x | 3.74x | R$239.62 Million |
| 2014 | 18.27% | 7.28% | 0.67x | 3.76x | R$299.97 Million |
| 2015 | 1.03% | 0.35% | 0.72x | 4.07x | R$-328.67 Million |
| 2016 | -9.33% | -3.29% | 0.66x | 4.27x | R$-648.32 Million |
| 2017 | 3.62% | 1.11% | 0.75x | 4.35x | R$-219.03 Million |
| 2018 | 4.89% | 1.41% | 0.66x | 5.27x | R$-173.17 Million |
| 2019 | 21.31% | 10.12% | 0.55x | 3.83x | R$704.75 Million |
| 2020 | 9.78% | 5.40% | 0.49x | 3.73x | R$-15.70 Million |
| 2021 | 4.56% | 2.79% | 0.50x | 3.24x | R$-475.37 Million |
| 2022 | -199.39% | -43.63% | 0.54x | 8.47x | R$-5.96 Billion |
| 2023 | 8.24% | 1.81% | 0.60x | 7.66x | R$-54.41 Million |
| 2024 | 31.50% | 11.49% | 0.56x | 4.86x | R$1.12 Billion |
| 2025 | 3.91% | 1.42% | 0.55x | 5.01x | R$-331.77 Million |
Industry Comparison
This section compares Light S.A's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $14,243,379,667
- Average return on equity (ROE) among peers: 6.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Light S.A (LIGT3) | R$9.31 Billion | -23.13% | 2.44x | $1.14 Billion |
| Alupar Investimento SA (ALUP11) | $7.54 Billion | 11.81% | 1.57x | $2.11 Billion |
| Auren Energia S.A. (AURE3) | $9.05 Billion | 0.65% | 1.16x | $2.62 Billion |
| Centrais Elétricas Brasileiras S.A. - Eletrobrás (AXIA3) | $70.53 Billion | 3.19% | 1.08x | $21.65 Billion |
| Engie Brasil Energia S.A. (EGIE3) | $6.61 Billion | 23.39% | 1.18x | $8.52 Billion |
| Raízen S.A. (RAIZ4) | $-8.27 Billion | 0.00% | 0.00x | $74.42 Million |
| Renova Energia S.A (RNEW11) | $3.88 Million | 0.00% | 50.35x | $5.96K |
About Light S.A
Light S.A., together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electric power in Brazil. The company distributes electricity in the state of Rio de Janeiro. It engages in the research, planning, building, operation, and exploration of generation and transmission systems; purchase, sale, import, and export of electricity, thermal power, and gas and i… Read more