Company Valuation: GL events

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 507.6 469.4 575.5 540.2 875.5 859.9 - -
Change - -7.52% 22.59% -6.13% 62.08% -1.79% - -
Enterprise Value (EV) 1 966 961.7 1,076 1,057 1,347 1,317 1,264 1,206
Change - -0.45% 11.89% -1.79% 27.45% -2.2% -4.05% -4.55%
P/E 34.1x 9.24x 9.76x 7.5x 10.9x 8.9x 7.96x 7.45x
PBR 1.57x 1.16x 1.31x 1.17x 1.83x 1.67x 1.43x 1.28x
PEG - 0x 0.7x 0.3x 1x 0.4x 0.7x 1.08x
Capitalization / Revenue 0.68x 0.36x 0.41x 0.33x 0.51x 0.46x 0.44x 0.43x
EV / Revenue 1.3x 0.73x 0.76x 0.65x 0.78x 0.7x 0.65x 0.6x
EV / EBITDA 8.03x 5.7x 4.16x 3.61x 4.26x 4.12x 3.9x 3.6x
EV / EBIT 13.3x 8.59x 7.35x 6.97x 7.65x 6.57x 5.77x 5.34x
EV / FCF 14.9x 6.36x 6.71x 12.4x 8.39x 14.9x 10.4x 9.02x
FCF Yield 6.72% 15.7% 14.9% 8.08% 11.9% 6.72% 9.63% 11.1%
Dividend per Share 2 - 0.35 0.7 0.9 - 0.9667 1.184 1.242
Rate of return - 2.15% 3.57% 4.89% - 3.31% 4.05% 4.25%
EPS 2 0.51 1.76 2.01 2.454 2.73 3.279 3.667 3.92
Distribution rate - 19.9% 34.8% 36.7% - 29.5% 32.3% 31.7%
Net sales 1 741.2 1,310 1,419 1,635 1,717 1,876 1,938 2,005
EBITDA 1 120.3 168.6 258.7 292.6 316 319.7 323.9 335.3
EBIT 1 72.6 112 146.4 151.6 176.2 200.6 219.2 226.1
Net income 1 15.2 52.7 59.95 73.44 81.74 97.46 108.7 120.5
Net Debt 1 458.4 492.2 500.5 516.6 471.3 457.3 404 346.6
Reference price 2 17.40 16.26 19.62 18.40 29.85 29.20 29.20 29.20
Nbr of stocks (in thousands) 29,171 28,870 29,331 29,358 29,332 29,448 - -
Announcement Date 3/9/22 3/9/23 3/6/24 3/5/25 3/6/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.08x3.25x10.41x2.58% 15.24B
8.9x0.7x4.12x3.31% 1B
17.17x1.87x6.74x3.12% 667M
25.9x - - - 546M
13.59x1.86x6.74x1.67% 541M
Average 17.93x 1.92x 7.00x 2.67% 3.6B
Weighted average by Cap. 22.72x 3.01x 9.79x 2.62%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield