GL EVENTS (GLO) AI Stock Analysis

• Market Cap: €917.43M
• Dividend Yield: 3.03%
• Average Volume (3M): 15.74K
• Price to Earnings (P/E): 10.4
• Beta (1Y): 0.85
• 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): 1.20
• Shares Outstanding: 29,982,788
• 10 Day Avg. Volume: 18,041
• 30 Day Avg. Volume: 15,743
• PEG Ratio: 0.68
• Price to Book (P/B): 1.77
• Price to Sales (P/S): 0.49
• P/FCF Ratio: 6.95
• 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): 3.26
• Revenue Forecast (FY): €1.90B

• Rating: 63 Neutral
• Price Target: €35.00 ▲(16.09% Upside)
• Action: Downgraded Date: 03/06/26
• Date: Action: Downgraded 03/06/26

The score is driven primarily by financial risk versus improving operations: strong revenue recovery and normalized profitability are offset by high leverage and thin cash-flow-to-debt coverage. Valuation (low P/E and moderate dividend yield) is a meaningful positive, while technical signals point to soft near-term momentum despite a broader uptrend.

Positive Factors

Revenue recovery and scale

A multi-year revenue rebound to €1.72B signals durable scale expansion and stronger market penetration. Greater scale improves fixed-cost absorption and pricing leverage across events and venues, supporting more stable margins and cross-selling opportunities over the medium term.

Restored profitability

Normalization to positive EBIT and net margins after pandemic-era losses demonstrates structural operating improvement and operating leverage. Sustained mid-teens EBIT conversion capacity provides a foundation for reinvestment, dividends, or targeted deleveraging if trends persist.

Positive cash generation

Consistent positive operating and free cash flow indicate real cash conversion of earnings. That cash generation supports capital expenditures, working-capital needs, selective M&A or shareholder returns, and is a durable source to fund strategic initiatives absent reliance on equity issuance.

Negative Factors

High leverage

A materially debt-heavy capital structure amplifies refinancing and interest-rate risk and limits financial flexibility. High leverage constrains the company's ability to absorb shocks, fund growth organically, or pursue opportunistic investments without materially improving cash flow or raising equity.

Thin cash-flow-to-debt coverage

Low coverage and a year of falling free cash flow reduce capacity to deleverage quickly and increase vulnerability to cyclical revenue or margin weakness. This structural constraint limits strategic optionality and raises refinancing risk over a 2–6 month horizon if cash trends deteriorate again.

Moderate, volatile margins

Net margin near 4.8% and historical swings in profitability indicate earnings are not yet highly resilient. With elevated debt, margin volatility can quickly impair credit metrics and cash available for reinvestment, making consistent long-term planning and deleveraging harder.

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 post-2020 recovery with revenue growth to €1.72B (2025) and restored profitability (net margin ~4.8%, EBIT margin ~11.1%), supported by positive operating and free cash flow. The main drag is elevated leverage (debt ~€1.64B vs equity ~€0.48B; debt-to-equity ~3.4–5.0x) and relatively thin cash-flow-to-debt coverage (~0.15), which increases financial risk.

Income Statement

The company has delivered a strong multi-year rebound in scale, with revenue rising from €0.48B (2020) to €1.72B (2025). Profitability has normalized meaningfully from 2020 losses to a 2025 net margin of ~4.8% and an EBIT margin of ~11.1%, showing improved operating leverage. The main weakness is that margins remain moderate for the level of leverage carried, and some profitability metrics show volatility across years (including an extreme swing in gross margin readings), which adds uncertainty to trend quality.

Balance Sheet

Leverage is the key constraint: total debt is high at ~€1.64B (2025) versus equity of ~€0.48B, with debt-to-equity consistently around ~3.4–5.0x over the period. While equity has grown since 2020 and returns on equity improved to ~17.1% in 2025, the capital structure remains debt-heavy, leaving the company more exposed to refinancing risk and profit or cash-flow softness than a more conservatively financed peer.

Cash Flow

Cash generation is positive and generally supportive of earnings, with 2025 operating cash flow of ~€195M and free cash flow of ~€122M (free cash flow running at ~62% of net income). However, free cash flow growth in 2025 was negative (down ~26%), and cash-flow coverage of debt appears thin based on the provided coverage ratio (~0.15 in 2025), which is a notable weakness given the high leverage.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.72B	1.63B	1.42B	1.31B	741.24M
Gross Profit	206.48M	1.55B	1.33B	244.24M	105.55M
EBITDA	316.00M	231.01M	265.31M	218.76M	163.84M
Net Income	81.74M	73.44M	59.95M	52.70M	15.15M
Balance Sheet
Total Assets	3.27B	3.12B	3.04B	3.00B	2.83B
Cash, Cash Equivalents and Short-Term Investments	579.99M	533.03M	540.10M	625.87M	628.72M
Total Debt	1.64B	1.57B	1.55B	1.63B	1.65B
Total Liabilities	2.64B	2.51B	2.46B	2.40B	2.30B
Stockholders Equity	478.19M	460.28M	439.52M	412.64M	333.20M
Cash Flow
Free Cash Flow	121.89M	69.04M	158.57M	119.30M	48.19M
Operating Cash Flow	195.43M	199.47M	269.61M	180.01M	106.54M
Investing Cash Flow	-103.06M	-126.70M	-176.61M	-100.66M	24.92M
Financing Cash Flow	-26.24M	-69.62M	-174.96M	-110.97M	102.95M

GL EVENTS Technical Analysis

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

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:GLO, the sentiment is Negative. The current price of 30.15 is below the 20-day moving average (MA) of 32.82, below the 50-day MA of 32.02, and above the 200-day MA of 29.73, indicating a neutral trend. The MACD of -0.18 indicates Positive momentum. The RSI at 43.93 is Neutral, neither overbought nor oversold. The STOCH value of 43.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:GLO.

GL EVENTS Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ALCIS	69 Neutral	€99.04M	4.67	11.16%	1.30%	23.95%	173.40%
GLO	63 Neutral	€917.43M	10.36	17.70%	3.03%	9.51%	26.07%
ELIS	63 Neutral	€5.94B	15.45	10.25%	1.88%	4.83%	52.47%
TEP	62 Neutral	€3.07B	7.30	11.73%	6.86%	9.08%	-22.55%
SW	61 Neutral	€6.45B	7.25	18.37%	6.20%	1.16%	314.94%
IDL	56 Neutral	€2.16B	42.52	9.55%	―	18.03%	3.43%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%