Opened a position in Signify NV, formerly Philips Lighting NV, which is a company based in the Netherlands that provides lamps and lighting solutions. Currently with a dividend yield of 6,6%
SignifyNL0011821392LIGHTLIGHT
What do you think of Signify NL0011821392?
Should be a turnaround candidate for 2024 according to Focus Money. Dividend is not bad either.
The profit is in the purchase 😜!$LIGHT (+0.8%)
$AMZN (+1.14%) interested in acquiring $LIGHT (+0.8%)
$LIGHT (+0.8%) +33%
Energy efficient lamps
Anti-virus light
Profits from the expansion of the railroad
Profiting from vertical farming by producing lamps for strong plant growth
EU companies that could benefit from sustainable development🌱
The market for companies focused on combating climate change is estimated to total $2.3 trillion💰, according to Bank of America.
Accordingly, it has been reported that in the fight against climate change, capital goods companies play a decisive factor and can profit from this development🏭.
What factors favor this statement🧐?
💨According to the EU, greenhouse gas emissions are to be reduced by 55% by 2030
🏨 3% of public buildings to be modernized annually to support the shift to more efficient buildings
⚡️Allgemeine Commitment that charging capacity for e-cars is available every 60 road kilometers
💧Commitment to create hydrogen production capacity in the next 15 - 20 years.
European companies that could benefit from this💥!
🔺Rexxel, Siemens, ABB-> benefit from steadily increasing demand for lighting systems & remote monitoring.
🔺Signify -> manufactures internet-enabled lighting systems ,( benefiting from the continuing efficiency of the systems).
🔺Vestas-> wind turbine manufacturer, steady growth of the industry.
🔺Siemens energy-> specialized in renewable energy, increasing demand of wind energy & hydrogen.
🔺Atlas Copco-> battery manufacturer, benefiting from increasing demand for e-cars
🔺Sandvik-> manufacturer of e-mining vehicles, the trend could also expand in this area
What do you think, are the EU targets realistic & could the mentioned companies benefit from this?🚀
Are any of these companies already in your portfolio?🧐
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Source: Finance 100, Finanzen.net
Financials
Market Cap
$3.02B5Y beta
1.22EPS (TTM)
$2.114Free Float
121.64MP/E ratio (TTM)
11.13Revenue (TTM)
$7.07BEBITDA (TTM)
$909.48MFree Cashflow (TTM)
$406.20MPricing
Analyst Ratings
The price target is $36.01 and the stock is covered by 15 analysts.
Buy
9
Hold
5
Sell
1
Information
Signify NV, formerly Philips Lighting NV, is a company based in the Netherlands that provides lamps and lighting solutions. Its product portfolio includes, among others, incandescent lamps, halogen lamps, fluorescent lamps, linear fluorescent lamps (LFL), compact fluorescent lamps (CFL), high-intensity discharge lamps (HID) and light-emitting diodes (LED), as well as electronic components, such as electronic ballasts and drivers. The Company also provides integrated and customized lighting systems. Its service portfolio includes light management and value-added services, such as energy audits, light design and engineering, as well as remote monitoring and managed services. The Company operates through four segments: The Lamps segments comprises conventional lamps and lamp electronics; the LED segment focuses on LED lamps; the Professional segment includes lighting systems and services for professional consumers, and the Home segment covers consumer luminaries and home systems.