OTCPK:GBLB.Y

Stock Analysis Report

Executive Summary

Groupe Bruxelles Lambert SA invests in a portfolio of industrial and services companies operating in various sectors.


Snowflake Analysis

Average dividend payer with moderate growth potential.

Share Price & News

How has Groupe Bruxelles Lambert's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GBLB.Y has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-24.6%

GBLB.Y

0.9%

US Diversified Financial

-1.1%

US Market


1 Year Return

n/a

GBLB.Y

14.2%

US Diversified Financial

17.9%

US Market

Return vs Industry: Insufficient data to determine how GBLB.Y performed against the US Diversified Financial industry.

Return vs Market: Insufficient data to determine how GBLB.Y performed against the US Market.


Shareholder returns

GBLB.YIndustryMarket
7 Day-24.6%0.9%-1.1%
30 Day-9.7%1.2%1.4%
90 Day-7.4%4.9%6.9%
1 Yearn/a14.4%14.2%20.3%17.9%
3 Yearn/a33.5%33.1%47.8%38.3%
5 Yearn/a52.8%52.1%71.9%53.0%

Price Volatility Vs. Market

How volatile is Groupe Bruxelles Lambert's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Groupe Bruxelles Lambert undervalued compared to its fair value and its price relative to the market?

555.14x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GBLB.Y ($9.21) is trading above our estimate of fair value ($3.98)

Significantly Below Fair Value: GBLB.Y is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GBLB.Y is poor value based on its PE Ratio (555.1x) compared to the Diversified Financial industry average (9.4x).

PE vs Market: GBLB.Y is poor value based on its PE Ratio (555.1x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: GBLB.Y is poor value based on its PEG Ratio (17.3x)


Price to Book Ratio

PB vs Industry: GBLB.Y is good value based on its PB Ratio (0.8x) compared to the US Diversified Financial industry average (0.8x).


Next Steps

Future Growth

How is Groupe Bruxelles Lambert forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

32.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GBLB.Y's forecast earnings growth (32.1% per year) is above the savings rate (1.7%).

Earnings vs Market: GBLB.Y's earnings (32.1% per year) are forecast to grow faster than the US market (14.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GBLB.Y's revenue is expected to decline over the next 3 years (-0.9% per year).

High Growth Revenue: GBLB.Y's revenue is forecast to decline over the next 3 years (-0.9% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GBLB.Y's Return on Equity is forecast to be low in 3 years time (3.5%).


Next Steps

Past Performance

How has Groupe Bruxelles Lambert performed over the past 5 years?

-25.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GBLB.Y has a large one-off loss of €636.3M impacting its September 30 2019 financial results.

Growing Profit Margin: GBLB.Y's current net profit margins (0.5%) are lower than last year (9%).


Past Earnings Growth Analysis

Earnings Trend: GBLB.Y's earnings have declined by -25.4% per year over the past 5 years.

Accelerating Growth: GBLB.Y's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: GBLB.Y had negative earnings growth (-95%) over the past year, making it difficult to compare to the Diversified Financial industry average (38%).


Return on Equity

High ROE: GBLB.Y's Return on Equity (1.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Groupe Bruxelles Lambert's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: GBLB.Y has a low level of unsold assets or inventory.

Debt Coverage by Assets: GBLB.Y's debt is not covered by short term assets (assets are 0.9x debt).


Financial Institutions Analysis

Asset Level: GBLB.Y's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if GBLB.Y has a sufficient allowance for bad loans.

Low Risk Liabilities: GBLB.Y reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if GBLB.Y has an acceptable proportion of non-loan assets held.

Low Risk Deposits: GBLB.Y has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if GBLB.Y has an appropriate level of bad loans.


Next Steps

Dividend

What is Groupe Bruxelles Lambert's current dividend yield, its reliability and sustainability?

3.31%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GBLB.Y's dividend (3.31%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: GBLB.Y's dividend (3.31%) is low compared to the top 25% of dividend payers in the US market (3.73%).


Stability and Growth of Payments

Stable Dividend: GBLB.Y's dividends per share have been stable in the past 10 years.

Growing Dividend: GBLB.Y's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (1838.5%), GBLB.Y's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GBLB.Y's dividends in 3 years are forecast to be covered by earnings (87.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

Ian Gallienne (48yo)

€2,308,469

Compensation

Mr. Ian Gallienne is Chief Executive Officer at Groupe Bruxelles Lambert SA. He was Co-Chief Executive Officer of Groupe Bruxelles Lambert SA since January 1, 2012 and serves as Managing Director. Mr. Gall ...


CEO Compensation Analysis

Compensation vs Market: Ian's total compensation ($USD2.51M) is below average for companies of similar size in the US market ($USD10.81M).

Compensation vs Earnings: Ian's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Ian Gallienne
CEO, MD & Director0yrs€2.31m0.013% 2.0m
Xavier Likin
Chief Financial Officer2.5yrsno datano data
Colin Hall
Head of Investments4.1yrsno datano data
Sophie Gallaire
Head of Investor Relations0yrsno datano data
Priscilla Maters
Chief Legal Officer & General Secretary3.3yrsno datano data
Pierre Donnea
Compliance Officer0yrsno datano data
Pascal Reynaerts
Head of Taxation0yrsno datano data
Emile Quevrin
Honorary Managing Director0yrsno datano data
Jacques Moulaert
Honorary Managing Director0yrsno datano data
Philippe Lorette
Head of Accounts0yrsno datano data

3.3yrs

Average Tenure

48.5yo

Average Age

Experienced Management: GBLB.Y's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ian Gallienne
CEO, MD & Director0yrs€2.31m0.013% 2.0m
Amaury-Daniel de Seze
Director26.1yrs€143.75kno data
Thierry de Rudder
Director20.1yrs€169.56k0.054% 8.6m
Paul Desmarais
Chairman of the Board0.8yrs€469.32kno data
Gérard Lamarche
Director8.8yrs€2.26m0.0040% 635.0k
Victor Delloye
Director21.1yrs€161.50kno data
Baron Frère
Vice Chairman0.8yrs€300.77k0.19% 30.3m
Martine Verluyten
Independent Non-Executive Director6.8yrs€70.00k0.0022% 345.8k
Paul Desmarais
Director6.1yrs€194.69kno data
Antoinette d'Aspremont Lynden
Independent Director8.8yrs€85.50kno data

8.8yrs

Average Tenure

67yo

Average Age

Experienced Board: GBLB.Y's board of directors are considered experienced (8.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Groupe Bruxelles Lambert SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Groupe Bruxelles Lambert SA
  • Ticker: GBLB.Y
  • Exchange: OTCPK
  • Founded: 1902
  • Industry: Multi-Sector Holdings
  • Sector: Diversified Financials
  • Market Cap: €14.469b
  • Listing Market Cap: €15.717b
  • Shares outstanding: 156.08m
  • Website: https://www.gbl.be

Number of Employees


Location

  • Groupe Bruxelles Lambert SA
  • Avenue Marnix 24
  • Brussels
  • Brussels
  • 1000
  • Belgium

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GBLB.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 1987
GBLBENXTBR (Euronext Brussels)YesOrdinary SharesBEEURJul 1987
EAIDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 1987
0IN2LSE (London Stock Exchange)YesOrdinary SharesGBEURJul 1987
GBLBBBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJul 1987
GBLBWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJul 1987
GBLB.YOTCPK (Pink Sheets LLC)ADRUSUSDOct 2008

Biography

Groupe Bruxelles Lambert SA invests in a portfolio of industrial and services companies operating in various sectors. The company operates through three segments: Holding, Imerys, and Sienna Capital. It operates in Belgium, other European countries, North America, and internationally. The company was founded in 1902 and is based in Brussels, Belgium. Groupe Bruxelles Lambert SA operates as a subsidiary of Pargesa Netherlands B.V. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/23 01:47
End of Day Share Price2020/02/21 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.