Company Valuation: GL events

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 507.6 469.4 575.5 540.2 875.5 721.5 - -
Change - -7.52% 22.59% -6.13% 62.08% -17.6% - -
Enterprise Value (EV) 1 966 961.7 1,076 1,057 1,347 1,179 1,125 1,068
Change - -0.45% 11.89% -1.79% 27.45% -12.48% -4.52% -5.11%
P/E 34.1x 9.24x 9.76x 7.5x 10.9x 7.47x 6.68x 6.25x
PBR 1.57x 1.16x 1.31x 1.17x 1.83x 1.4x 1.2x 1.08x
PEG - 0x 0.7x 0.3x 1x 0.4x 0.6x 0.91x
Capitalization / Revenue 0.68x 0.36x 0.41x 0.33x 0.51x 0.38x 0.37x 0.36x
EV / Revenue 1.3x 0.73x 0.76x 0.65x 0.78x 0.63x 0.58x 0.53x
EV / EBITDA 8.03x 5.7x 4.16x 3.61x 4.26x 3.69x 3.47x 3.19x
EV / EBIT 13.3x 8.59x 7.35x 6.97x 7.65x 5.88x 5.13x 4.72x
EV / FCF 14.9x 6.36x 6.71x 12.4x 8.39x 13.3x 9.25x 7.99x
FCF Yield 6.72% 15.7% 14.9% 8.08% 11.9% 7.51% 10.8% 12.5%
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% - 3.95% 4.83% 5.07%
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 24.50 24.50 24.50
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.($)
7.59x0.63x3.72x3.88% 833M
28.68x14.62x20.78x0.75% 660B
35.39x6.49x23.02x1.02% 77.93B
-103.58x23.48x56.46x-.--% 64.65B
21.76x4.32x9.51x0.78% 62.29B
10.33x1.38x7.08x1.07% 44.94B
44.67x1.65x9.22x-.--% 44.45B
18.69x3.23x7.69x1.69% 30B
19.49x5.99x11.42x-.--% 25.52B
9.59x2.55x6.14x-.--% 24.03B
Average 9.26x 6.43x 15.51x 0.92% 103.42B
Weighted average by Cap. 19.41x 11.97x 20.44x 0.7%

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