| Valuation method | Value, € | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 84.36 | 162 |
| Intrinsic value (DCF) | 222.67 | 592 |
| Graham-Dodd Method | n/a | |
| Graham Formula | 43.07 | 34 |
GL Events SA (GLO.PA) is a leading French provider of integrated event solutions, operating across three key divisions: GL Events Live, GL Events Exhibitions, and GL Events Venues. Headquartered in Lyon, France, the company specializes in delivering turnkey event management services, including design, consulting, and staging for corporate, institutional, and sports events. Its Exhibitions division manages a diverse portfolio of trade shows and consumer fairs spanning industries such as food, culture, construction, and leisure. The Venues division oversees a network of 50 convention centers, exhibition halls, and multi-purpose facilities globally. Founded in 1978 and listed on Euronext Paris, GL Events SA has established itself as a key player in the specialty business services sector, leveraging its expertise to serve a broad clientele. With a market capitalization of approximately €707 million, the company continues to expand its footprint in the dynamic events industry.
GL Events SA presents a mixed investment profile. On the positive side, the company benefits from a diversified revenue stream across live events, exhibitions, and venue management, which provides resilience against sector-specific downturns. Its strong cash position (€533 million) and operating cash flow (€199 million) offer financial flexibility. However, the company carries significant total debt (€1.57 billion), which could pose risks in a rising interest rate environment. The events industry is highly cyclical and sensitive to economic conditions, as evidenced by the company's beta of 1.443, indicating higher volatility than the market. The dividend yield (approximately 2.5% based on current data) may appeal to income-focused investors, but growth prospects are closely tied to global economic recovery and event industry trends.
GL Events SA holds a competitive position in the European event management and venue services market, differentiated by its vertically integrated model combining event organization, venue management, and support services. Its ownership of 50 venues provides a strategic advantage in securing high-margin, recurring revenue streams, unlike pure-play event organizers. The company's long-standing relationships with corporate and institutional clients enhance its ability to secure large-scale contracts. However, the fragmented nature of the events industry means GL Events faces competition from both large multinational players and niche local operators. Its focus on the French market (though with international operations) could limit growth compared to global competitors. The company's scale allows for cost efficiencies in event production, but its debt load may constrain aggressive expansion or capital investments relative to better-financed rivals. The post-pandemic recovery in live events presents opportunities, but also intensifies competition as players vie for market share.