Light S.A (LIGT3) - Net Assets
Based on the latest financial reports, Light S.A (LIGT3) has net assets worth R$5.62 Billion BRL (≈ $1.10 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$25.74 Billion ≈ $5.05 Billion USD) and total liabilities (R$20.12 Billion ≈ $3.95 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 Light S.A asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R$5.62 Billion |
| % of Total Assets | 21.84% |
| Annual Growth Rate | 2.13% |
| 5-Year Change | -26.25% |
| 10-Year Change | 42.38% |
| Growth Volatility | 73.36 |
Light S.A - Net Assets Trend (2000–2024)
This chart illustrates how Light S.A's net assets have evolved over time, based on quarterly financial data. Also explore Light S.A total assets for the complete picture of this company's asset base.
Annual Net Assets for Light S.A (2000–2024)
The table below shows the annual net assets of Light S.A from 2000 to 2024. For live valuation and market cap data, see LIGT3 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 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 2674.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | R$5.39 Billion | 103.33% |
| Other Comprehensive Income | R$419.94 Million | 8.05% |
| Total Equity | R$5.22 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 |
|---|---|
|
Hangzhou Prevail Optoelectronic Equipment Co Ltd
SHE:300710
|
$477.38 Million |
|
Canopy Growth Corp
NASDAQ:CGC
|
$477.79 Million |
|
Orthofix Medical Inc
NASDAQ:OFIX
|
$478.12 Million |
|
Malibu Boats Inc
NASDAQ:MBUU
|
$478.27 Million |
|
Jw Pharmac
KO:001060
|
$476.78 Million |
|
Westrock Coffee Company
NASDAQ:WEST
|
$476.65 Million |
|
Wijaya Karya Beton PT
JK:WIKA
|
$476.61 Million |
|
Menivim The New REIT Ltd
TA:MNRT
|
$476.53 Million |
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 2023 to 2024, total equity changed from 3,095,688,000 to 5,218,457,000, a change of 2,122,769,000 (68.6%).
- Net income of 1,643,779,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 463,662,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$1.64 Billion | +31.5% |
| Other Comprehensive Income | R$463.66 Million | +8.89% |
| Other Changes | R$15.33 Million | +0.29% |
| Total Change | R$- | 68.57% |
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: 0.34x
- 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 0.96x to 0.34x 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$4.82 | x |
| 2005-12-31 | R$12.72 | R$4.82 | x |
| 2006-12-31 | R$7.41 | R$4.82 | x |
| 2007-12-31 | R$13.20 | R$4.82 | x |
| 2008-12-31 | R$13.75 | R$4.82 | x |
| 2009-12-31 | R$17.43 | R$4.82 | x |
| 2010-12-31 | R$16.33 | R$4.82 | x |
| 2011-12-31 | R$15.55 | R$4.82 | x |
| 2012-12-31 | R$14.84 | R$4.82 | x |
| 2013-12-31 | R$17.05 | R$4.82 | x |
| 2014-12-31 | R$17.79 | R$4.82 | x |
| 2015-12-31 | R$17.97 | R$4.82 | x |
| 2016-12-31 | R$16.45 | R$4.82 | x |
| 2017-12-31 | R$16.83 | R$4.82 | x |
| 2018-12-31 | R$16.62 | R$4.82 | x |
| 2019-12-31 | R$25.37 | R$4.82 | x |
| 2020-12-31 | R$23.28 | R$4.82 | x |
| 2021-12-31 | R$23.81 | R$4.82 | x |
| 2022-12-31 | R$7.75 | R$4.82 | x |
| 2023-12-31 | R$8.44 | R$4.82 | x |
| 2024-12-31 | R$14.01 | R$4.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Light S.A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 31.50%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.49%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 4.86x
- Recent ROE (31.50%) is above the historical average (1.19%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | -23.13% | -2.39% | 0.50x | 19.22x | R$-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 |
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: $17,660,798,833
- Average return on equity (ROE) among peers: 19.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Light S.A (LIGT3) | R$5.62 Billion | -23.13% | 3.58x | $476.97 Million |
| Alupar Investimento SA (ALUP11) | $3.07 Billion | 7.17% | 1.38x | $2.23 Billion |
| Auren Energia S.A. (AURE3) | $8.25 Billion | 12.43% | 1.23x | $2.85 Billion |
| Centrais Elétricas Brasileiras S.A. - Eletrobrás (AXIA3) | $77.20 Billion | 4.83% | 1.11x | $24.06 Billion |
| Engie Brasil Energia S.A. (EGIE3) | $12.28 Billion | 34.85% | 3.08x | $7.91 Billion |
| Raízen S.A. (RAIZ4) | $4.15 Billion | 54.23% | 6.03x | $124.46 Million |
| Renova Energia S.A (RNEW11) | $1.00 Billion | 0.63% | 2.67x | $5.99K |
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 also engages in the research, planning, building, operation, and exploration of generation and transmission systems; purchase, sale, import, and export of electric and thermal power, and gas … Read more