olivLaw · European equity research
Litgrid Ab LGD1L.VS
Lithuania · Nasdaq Vilnius · ISIN LT0000128415 · Vertical: Listed companies from Lithuania
At the close of 05 Nov 2026, Litgrid Ab (LGD1L.VS) stock was 1.14 EUR (+0.00% on the day), with market capitalisation 571.2 m EUR, P/E 16.7 on diluted EPS of 0.07 EUR over the last 12 months, dividend yield 4.32%, beta 0.06, 52-week range 0.82–1.15 EUR.
Data as of · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 52.7
- neutral
- Bollinger (20, 2)
- 1.11 – 1.15
- in the upper half of the band · %B 0.62 · band width 3.6%
- SMA 50 / 200
- 1.13 / 0.99
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 0.00 / 0.00
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | 0.0% | −0.6% | +0.6 pp | — |
| 3 months | +4.6% | −4.2% | +8.8 pp | — |
| 6 months | +12.4% | +4.3% | +8.0 pp | — |
| Year to date | +35.4% | +7.5% | +27.9 pp | — |
| 1 year | +35.1% | +9.9% | +25.2 pp | +10.8% |
| 3 years | +69.4% | +49.8% | +19.6 pp | +50.0% |
| 5 years | +38.4% | +42.8% | −4.4 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 100 percentile of its own 3-quarter history (min 7.1, median 8.0, max 12.3; quarters with earnings only).
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 366.8 m | 375.9 m | 429.3 m |
| Revenue YoY | unavailable | +2.5% | +14.2% |
| Net income | 48.4 m | 49.0 m | 34.2 m |
| Net income YoY | unavailable | +1.3% | −30.2% |
| Diluted EPS | 0.10 | 0.10 | 0.07 |
| Diluted EPS YoY | unavailable | +1.0% | −29.9% |
| net % | 13.2% | 13.0% | 8.0% |
| Free cash flow | unavailable | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 4.4 m EUR
- Financial debt
- 22.0 m EUR
- Net debt
- 17.6 m EUR
- Equity
- 267.5 m EUR
- Total assets
- 816.4 m EUR
- Debt / equity
- 0.08x
- Current ratio
- 1.30x
- ROE
- 13.0%
- ROA
- 4.2%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 366.8 m | 375.9 m | 429.3 m | esef· 07 Apr 2026verified |
| Operating income | 36.6 m | 37.3 m | 24.4 m | esef· 07 Apr 2026verified |
| Depreciation & amortisation | 19.7 m | 22.6 m | 23.3 m | esef· 07 Apr 2026verified |
| EBITDA | 56.4 m ≈ | 59.8 m ≈ | 47.7 m ≈ | esef· 07 Apr 2026derived |
| Interest expense | 419.0 k | 392.0 k | 341.0 k | esef· 07 Apr 2026verified |
| Pre-tax income | 41.1 m | 43.1 m | 27.8 m | esef· 07 Apr 2026verified |
| Income tax | -7.3 m | -5.9 m | -6.4 m | esef· 07 Apr 2026verified |
| Net income | 48.4 m | 49.0 m | 34.2 m | esef· 07 Apr 2026verified |
| Diluted EPS | 0.10 | 0.10 | 0.07 | esef· 07 Apr 2026verified |
| Dividend per share | 0.00 | 0.06 | 0.05 | esef· 07 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 634.0 k | 113.0 k | 4.4 m | esef· 07 Apr 2026verified |
| Inventories | 41.0 k | 61.0 k | 66.0 k | esef· 07 Apr 2026verified |
| Current assets | 264.8 m | 353.1 m | 262.8 m | esef· 07 Apr 2026verified |
| Property, plant & equipment, net | 395.2 m | 445.5 m | 525.9 m | esef· 07 Apr 2026verified |
| Intangibles (excl. goodwill) | 4.9 m | 4.0 m | 4.2 m | esef· 07 Apr 2026verified |
| Total assets | 677.4 m | 820.3 m | 816.4 m | esef· 07 Apr 2026verified |
| Accounts payable | 56.2 m | 112.9 m | 79.0 m | esef· 07 Apr 2026verified |
| Short-term debt | 6.2 m | 6.2 m | 4.0 m | esef· 07 Apr 2026verified |
| Long-term debt | 28.1 m | 22.0 m | 18.0 m | esef· 07 Apr 2026verified |
| Current liabilities | 138.7 m | 211.4 m | 202.2 m | esef· 07 Apr 2026verified |
| Total liabilities | 438.7 m | 562.1 m | 548.9 m | esef· 07 Apr 2026verified |
| Equity | 238.7 m | 258.2 m | 267.5 m | esef· 07 Apr 2026verified |
| Shares outstanding at year end | 504.0 m | 505.4 m | 503.3 m | esef· 07 Apr 2026derived |
Cash flow · EUR
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 53 / 100
A scoring methodology on indicators and valuation, not investment advice.
(margin_of_safety <= -0.25 & agreement in ['high', 'medium'])
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 571.2 m EUR
Key indicators
Coverage and freshness
Score by group
- Quality44
- Balance sheet88
- Valuation24
- Returns62
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 0.48 – 0.94 EUR.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (EUR per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDA0.69 – 0.94 (Mid 0.74)3 companies used · median multiple 8.1x · quartiles 7.6x – 10.2xAMG1L.VS, INR1L.VS, IVL1L.VS
- Peers: P/E0.48 – 0.73 (Mid 0.54)11 companies used · median multiple 7.9x · quartiles 7.1x – 10.7xAKO1L.VS, APG1L.VS, GRG1L.VS, INR1L.VS, IVL1L.VS, KNE1L.VS, KNR1L.VS, RSU1L.VS, VBL1L.VS, VLP1L.VS, ZMP1L.VS
- Dividend discount (DDM)0.67 – 0.91 (Mid 0.77)
Assumptions (illustrative, editorial)
- Risk-free rate
- 3.0%
- Equity risk premium
- 5.5%
- Beta (default)
- 1.00
- Cost of equity
- 8.5%
- Terminal growth
- 2.0%
Factor scorecard
Unattractive profile · Score 53/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 7.2% | 30 (vs peers) | 16% |
| Net margin · Quality | 8.0% | 67 (vs peers) | 10% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | 0.4x | 100 (on a fixed band) | 16% |
| Interest coverage · Balance sheet | 71.6x | 100 (on a fixed band) | 10% |
| Current ratio · Balance sheet | 1.3x | 42 (on a fixed band) | 6% |
| P/E (TTM) · Valuation | 16.7x | 23 (vs peers) | 16% |
| EV/EBITDA · Valuation | 12.3x | 24 (on a fixed band) | 16% |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | 4.3% | 62 (on a fixed band) | 10% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet88/100 · 3/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality44/100 · 2/3 factors with a value
- Returns· partial62/100 · 1/2 factors with a value
- Valuation24/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
LITGRID AB (LGD1L.VS). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 429.3 m EUR in 2025; YoY growth 14.2%; net margin 8.0%; ROE 13.0%; net debt/EBITDA 0.4x.
The estimated value range is 0.67–0.91 EUR per share (median of 3 methods, agreement: medium); assumptions are illustrative. Against the central value of 0.74 EUR, the price of 1.14 EUR leaves a potential of -35.1% (value / price − 1) and a margin of safety of -54.2% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 53/100, methodological classification: unattractive profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: growth, returns. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net debt / EBITDA: 0.4x
- Interest coverage: 71.6x
What contradicts it
- ROIC: 7.2%
- P/E (TTM): 16.7x
- EV/EBITDA: 12.3x
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, FCF yield, Payout ratio (FCF).
Versus the vertical median
Listed companies from Lithuania · same country · compared with 15 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| LGD1L.VSLitgrid Ab | 571.2 m | 16.7 | 13.0% | 8.0% | +14.2% | +38% / +67% |
| IVL1L.VSAkcinė bendrovė "Invalda INVL" | 318.0 m | 7.0 | 19.7% | 230.8% | +44.6% | +21% / +165% |
| AKO1L.VSAB Akola group | 267.2 m | 7.2 | 10.5% | 2.5% | −4.4% | +4% / +58% |
| APG1L.VSAkcinė prekybos bendrovė "APRANGA" | 213.6 m | 13.2 | 23.9% | 5.3% | +4.9% | +22% / +44% |
| AMG1L.VSAB "Amber Grid" | 199.3 m | 120.0 | 0.8% | 2.0% | −6.4% | 0% / +4% |
| VLP1L.VSAb "vilkyškių Pieninė" | 184.2 m | 16.8 | 12.6% | 3.8% | +16.9% | +46% / +228% |
| KNE1L.VSAB "KN Energies" | 180.3 m | 9.9 | 10.8% | 17.3% | +12.3% | +41% / +139% |
| GRG1L.VSAB "Grigeo" | 131.7 m | 7.9 | 12.5% | 6.7% | +15.7% | +0% / +2% |
| RSU1L.VSAkcinė bendrovė "ROKIŠKIO SŪRIS" | 130.5 m | 7.6 | 11.1% | 4.3% | +8.7% | −7% / +46% |
| ZMP1L.VSAkcinė bendrovė "ŽEMAITIJOS PIENAS" | 117.1 m | 5.4 | 14.1% | 6.4% | +10.6% | +9% / +68% |
| KNR1L.VSAkcinė bendrovė "Kauno energija" | 88.7 m | 11.4 | 7.6% | 9.1% | −0.3% | +16% / +124% |
| VBL1L.VSAkcinė bendrovė "VILNIAUS BALDAI" | 37.4 m | 8.4 | 11.5% | 4.3% | +7.1% | −5% / +54% |
| INL1L.VSAkcinė bendrovė "INVL Baltic Farmland" | 23.7 m | 29.0 | 4.1% | 91.6% | +6.7% | +12% / +1% |
| INR1L.VSSpecialioji uždarojo tipo nekilnojamojo turto investicinė bendrovė "INVL Baltic Real Estate" | 21.5 m | 5.9 | 13.7% | 89.4% | +2.8% | −15% / +34% |
| NTU1L.VSAkcinė bendrovė "Novaturas" | 5.8 m | — | -64.2% | -3.8% | −3.6% | unavailable / unavailable |
| AUG1L.VSAUGA group, AB | — | — | -43.3% | -20.7% | −6.9% | +15% / −73% |
1- and 3-year price returns: for LGD1L.VS from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (EUR)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 0.74 Total return -31% · Per year -31% | 1.30 Total return 19% · Per year 19% | 1.94 Total return 77% · Per year 77% |
| 3 years | 0.86 Total return -12% · Per year -4% | 1.69 Total return 66% · Per year 18% | 2.76 Total return 165% · Per year 38% |
| 5 years | 1.01 Total return 11% · Per year 2% | 2.21 Total return 127% · Per year 18% | 3.93 Total return 289% · Per year 31% |
- Exit P/E± 0.42
- Net margin± 0.30
- Annual revenue growth± 0.22
- Annual dilution± 0.02
AI analysis
The qualitative analysis has not been written for this company yet.
Products, market & competition
The qualitative analysis has not been written for this company yet.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202507 Apr 2026
- Annual report 202415 Apr 2025
- Annual report 202315 Apr 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.