How does GI3's PE Ratio compare to its peers?

GI3 is good value based on its Price-To-Earnings Ratio (5.5x) compared to the peer average (9.3x).

How does GI3's PE Ratio compare vs other companies in the DE Capital Markets Industry?

GI3 is good value based on its Price-To-Earnings Ratio (5.5x) compared to the German Capital Markets industry average (19.6x).

What is GI3's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate GI3's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of GI3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

GI3 (€39.85) is trading below our estimate of [[fair value]] (€95.55)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

GI3 Stock Overview

A private equity and venture capital firm specializing in direct and fund of funds investments. More details

GI3 fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	0/6
Past Performance	4/6
Financial Health	3/6
Dividends	5/6

Rewards

Trading at 58.3% below our estimate of its fair value

Earnings grew by 17.3% over the past year

Analysts in good agreement that stock price will rise by 32%

Risk Analysis

Dividend of 6.6% is not well covered by free cash flows

Shareholders have been diluted in the past year

My Notes

Capture your thoughts, links and company narrative

Gimv NV Competitors

MLP

XTRA:MLP

€655.8m

AURELIUS Equity Opportunities SE KGaA

HMSE:AR40

€343.3m

OVB Holding

XTRA:O4B

€279.3m

Deutsche Beteiligungs

XTRA:DBAN

€411.6m

Price History & Performance

Summary of share price highs, lows and changes for Gimv
Historical stock prices
Current Share Price	€39.85
52 Week High	€47.20
52 Week Low	€36.40
Beta	0.57
1 Month Change	4.05%
3 Month Change	-4.32%
1 Year Change	-8.50%
3 Year Change	-26.20%
5 Year Change	n/a
Change since IPO	-24.53%

Recent updates

Shareholder Returns

	GI3	DE Capital Markets	DE Market
7D	0.6%	-2.9%	-2.0%
1Y	-8.5%	20.5%	6.8%

Return vs Industry: GI3 underperformed the German Capital Markets industry which returned 20.5% over the past year.

Return vs Market: GI3 underperformed the German Market which returned 6.8% over the past year.

Price Volatility

Is GI3's price volatile compared to industry and market?
GI3 volatility
GI3 Average Weekly Movement	3.1%
Capital Markets Industry Average Movement	4.4%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	11.4%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: GI3 has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: GI3's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1980	93	Koen Dejonckheere	www.gimv.com/en/

Gimv NV is a private equity and venture capital firm specializing in direct and fund of funds investments. For direct investments, the firm specializes in buyouts, growth capital, middle market, debt, shareholder loans, seed, startups, early to mid-stage, late venture, public to private transactions, small and medium sized enterprises, later stage, mature, replacement capital, bridge financing, and recapitalization. Within fund of funds, it seeks to invest in venture capital and private equity funds.

Gimv NV Fundamentals Summary

How do Gimv's earnings and revenue compare to its market cap?
GI3 fundamental statistics
Market cap	€1.13b
Earnings (TTM)	€203.84m
Revenue (TTM)	€275.99m

5.5x

P/E Ratio

4.1x

P/S Ratio

Is GI3 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GI3 income statement (TTM)
Revenue	€275.99m
Cost of Revenue	€13.24m
Gross Profit	€262.75m
Other Expenses	€58.92m
Earnings	€203.84m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	7.13
Gross Margin	95.20%
Net Profit Margin	73.86%
Debt/Equity Ratio	22.0%

How did GI3 perform over the long term?

See historical performance and comparison

Dividends

6.6%

Current Dividend Yield

36%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/24 02:55
End of Day Share Price	2024/12/23 00:00
Earnings	2024/09/30
Annual Earnings	2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Gimv NV is covered by 6 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Olivier Van Doosselaere	BNP Paribas Exane
Alexi Gantelme	BNP Paribas Exane
Kris Kippers	Degroof Petercam