GL EVENTS (GLO) AI Stock Analysis

• Market Cap: €939.30M
• Dividend Yield: 3.03%
• Average Volume (3M): 15.74K
• Price to Earnings (P/E): 11.1
• Beta (1Y): 0.87
• Revenue Growth: 9.51%
• EPS Growth: 26.07%
• Country: FR
• Employees: 4,979
• Sector: General
• Sector Strength: N/A
• Industry: Specialty Business Services
• EPS (TTM): 1.68
• Shares Outstanding: 29,982,788
• 10 Day Avg. Volume: 18,041
• 30 Day Avg. Volume: 15,743
• PEG Ratio: 0.44
• Price to Book (P/B): 1.55
• Price to Sales (P/S): 0.44
• P/FCF Ratio: 10.30
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: €36.00 ▲(19.40% Upside)

The score is driven primarily by solid financial performance (strong growth and margins, though tempered by high leverage and weaker free cash flow), supported by a positive technical trend and an attractive valuation (low P/E and moderate dividend yield).

Positive Factors

Very high gross margin

A 94.8% gross margin reflects strong pricing power and efficient cost structure in event services. This structural advantage supports durable profitability, enables reinvestment in service capabilities, and cushions operating leverage across event cycles over the next several months.

Consistent revenue growth

Recurring top-line growth of 15.1% indicates sustained demand recovery and market share expansion across its global events, venues and services portfolio. Diversified end-market exposure and international footprint support medium-term revenue resilience and less concentration risk.

Strong operating cash conversion

An operating cash flow to net income ratio of 2.72 shows high quality of earnings and effective working capital conversion. This durable cash-generating ability supports ongoing operations, service delivery and working-capital needs despite cyclical event timing.

Negative Factors

High financial leverage

A debt-to-equity of 3.42 signals a very leveraged capital structure, raising long-term refinancing, interest and liquidity risks. High leverage reduces financial flexibility to invest or absorb demand shocks and heightens vulnerability to rising rates or weaker event volumes.

Sharp free cash flow decline

A 56.5% fall in free cash flow is a material structural concern: it constrains capacity to pay down debt, invest in growth, or return capital. Persistently lower FCF would force trade-offs between capex, dividends and deleveraging over the medium term.

Low net profit margin

An absolute net margin of ~4.5% remains modest relative to gross and EBITDA strength, limiting retained earnings and resilience to shocks. Low bottom-line conversion constrains long-term ability to rebuild equity and reduce leverage without structural margin improvement.

GL EVENTS Business Overview & Revenue Model

Company Description

GL Events SA provides venues and offices for events. It operates in three divisions: GL Events Live, GL Events Exhibitions, and GL Events Venues. The GL Events Live division offers various business line specializations and services, including turnkey solutions, designing, consulting, and staging the events for corporate, institutional, and sports events. The GL Events Exhibitions division manages and coordinates a portfolio of trade shows and consumer fairs in the food, culture, textile, construction, leisure, housing, environment, and trade and distribution sectors. The GL Events Venues division manages a network of 50 venues that include convention centers, exhibition centers, concert halls, and multi-purpose facilities. The company was formerly known as Générale Location and changed its name to GL Events SA in 2003. The company was founded in 1978 and is headquartered in Lyon, France. GL Events SA is a subsidiary of Polygone SA.

How the Company Makes Money

GL EVENTS generates revenue primarily through its event management services, which include organizing trade shows and exhibitions. The company earns money by charging exhibitors for booth space, sponsorship opportunities, and ancillary services such as marketing and logistics. Additionally, GL EVENTS profits from managing venues and providing technical services, including audio-visual support and event staffing. Key partnerships with industry stakeholders, including local governments and trade associations, enhance its ability to attract major events, further boosting its revenue. The company's diversified portfolio and global presence also allow it to capitalize on various market opportunities, contributing to its overall earnings.

GL EVENTS Financial Statement Overview

Summary

Strong income statement momentum (15.1% revenue growth, very high gross margin, improving net margin) is offset by balance sheet and cash flow risks: high leverage (debt-to-equity 3.42), low equity ratio (14.7%), and a sharp free cash flow decline (-56.5%) despite good operating cash conversion.

Income Statement

The company shows robust revenue growth, with a 15.1% increase from 2023 to 2024. Gross profit margin is strong at 94.8%, reflecting effective cost management. Net profit margin improved to 4.5%, indicating enhanced profitability. EBIT and EBITDA margins are solid at 9.9% and 14.1% respectively, showcasing operational efficiency. However, net profit margin remains relatively low, suggesting room for improved profitability.

Balance Sheet

The debt-to-equity ratio is high at 3.42, indicating significant leverage which could pose financial risk. Nonetheless, ROE has improved to 15.9%, showing effective use of equity. The equity ratio stands at 14.7%, suggesting a need for strengthening equity base to improve financial stability.

Cash Flow

Free cash flow decreased by 56.5% from the previous year, indicating challenges in cash generation. The operating cash flow to net income ratio is favorable at 2.72, highlighting strong cash conversion. However, free cash flow to net income ratio is lower at 0.94, suggesting potential constraints in cash available for other uses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.70B	1.63B	1.42B	1.31B	741.24M	479.36M
Gross Profit	1.62B	1.55B	1.33B	244.24M	105.55M	-24.85M
EBITDA	229.67M	231.01M	265.31M	218.76M	163.84M	19.97M
Net Income	86.17M	73.44M	59.95M	52.70M	15.15M	-77.37M
Balance Sheet
Total Assets	3.15B	3.12B	3.04B	3.00B	2.83B	2.41B
Cash, Cash Equivalents and Short-Term Investments	537.76M	533.03M	540.10M	625.87M	628.72M	364.54M
Total Debt	1.60B	1.57B	1.55B	1.63B	1.65B	1.50B
Total Liabilities	2.57B	2.51B	2.46B	2.40B	2.30B	2.01B
Stockholders Equity	445.50M	460.28M	439.52M	412.64M	333.20M	323.38M
Cash Flow
Free Cash Flow	165.78M	69.04M	158.57M	119.30M	48.19M	-176.28M
Operating Cash Flow	239.32M	199.47M	269.61M	180.01M	106.54M	-133.44M
Investing Cash Flow	-92.04M	-126.70M	-176.61M	-100.66M	24.92M	-60.76M
Financing Cash Flow	-101.78M	-69.62M	-174.96M	-110.97M	102.95M	128.30M

GL EVENTS Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 30.15
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:GLO, the sentiment is Positive. The current price of 30.15 is below the 20-day moving average (MA) of 30.71, above the 50-day MA of 29.73, and above the 200-day MA of 28.24, indicating a bullish trend. The MACD of 0.66 indicates Negative momentum. The RSI at 61.34 is Neutral, neither overbought nor oversold. The STOCH value of 89.30 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:GLO.

GL EVENTS Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GLO	76 Outperform	€939.30M	11.09	19.49%	3.03%	9.51%	26.07%
ELIS	76 Outperform	€5.70B	15.54	10.25%	1.88%	4.83%	52.47%
TEP	74 Outperform	€3.27B	6.72	11.73%	6.86%	9.08%	-22.55%
ALCIS	69 Neutral	€109.61M	15.00	11.36%	1.30%	23.95%	173.40%
SW	61 Neutral	€6.31B	9.06	18.37%	6.20%	1.16%	314.94%
IDL	56 Neutral	€2.68B	46.37	11.18%	―	18.03%	3.43%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%