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Groupe Bruxelles Lambert

OTCPK:GBLB.Y
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GBLB.Y
OTCPK
€13B
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Groupe Bruxelles Lambert SA invests in a portfolio of industrial and services companies operating in various sectors. The last earnings update was 11 days ago. More info.


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GBLB.Y Share Price and Events
7 Day Returns
0%
OTCPK:GBLB.Y
-2.8%
US Diversified Financial
-0.7%
US Market
1 Year Returns
-
OTCPK:GBLB.Y
2.2%
US Diversified Financial
3%
US Market
GBLB.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Groupe Bruxelles Lambert (GBLB.Y) 0% -9.1% - - 6.3% -
US Diversified Financial -2.8% -3.8% -0.7% 2.2% 43.9% 55.8%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • No trading data on GBLB.Y.
  • No trading data on GBLB.Y.
Price Volatility
GBLB.Y
Industry
5yr Volatility vs Market

GBLB.Y Value

 Is Groupe Bruxelles Lambert undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Groupe Bruxelles Lambert to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Groupe Bruxelles Lambert.

OTCPK:GBLB.Y Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= €100.30 * 4%
€4.04
Book Value of Equity per Share Median Book Value from the past 5 years. €100.30
Discount Rate (Cost of Equity) See below 8.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:GBLB.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6.8%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.7
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.697 (1 + (1- 29%) (28.86%))
0.893
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.893 * 6.8%)
8.8%

Discounted Cash Flow Calculation for OTCPK:GBLB.Y using Excess Returns Model Model

The calculations below outline how an intrinsic value for Groupe Bruxelles Lambert is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OTCPK:GBLB.Y Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (4% – 8.8%) * €100.30)
€-4.78
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-4.78 / (8.8% - 2.73%)
€-78.78
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €100.30 + €-78.78
€21.52
OTCPK:GBLB.Y Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:GBLB.Y represents 0.10699x of ENXTBR:GBLB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10699x
Value per Share
(Listing Adjusted, USD)
= Value per Share (EUR) x Listing Adjustment Factor
= € 21.52 x 0.10699
$2.30
Value per share (USD) From above. $2.30
Current discount Discount to share price of $9.00
= -1 x ($9.00 - $2.30) / $2.30
-291%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Groupe Bruxelles Lambert is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Groupe Bruxelles Lambert's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Groupe Bruxelles Lambert's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:GBLB.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €-0.41
ENXTBR:GBLB Share Price ** ENXTBR (2019-05-09) in EUR €84.12
United States of America Diversified Financial Industry PE Ratio Median Figure of 13 Publicly-Listed Diversified Financial Companies 18.71x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Groupe Bruxelles Lambert.

OTCPK:GBLB.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTBR:GBLB Share Price ÷ EPS (both in EUR)

= 84.12 ÷ -0.41

-205.27x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Groupe Bruxelles Lambert is loss making, we can't compare its value to the US Diversified Financial industry average.
  • Groupe Bruxelles Lambert is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Groupe Bruxelles Lambert's expected growth come at a high price?
Raw Data
OTCPK:GBLB.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -205.27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
49.9%per year
United States of America Diversified Financial Industry PEG Ratio Median Figure of 9 Publicly-Listed Diversified Financial Companies 0.63x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Groupe Bruxelles Lambert, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Groupe Bruxelles Lambert's assets?
Raw Data
OTCPK:GBLB.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €100.30
ENXTBR:GBLB Share Price * ENXTBR (2019-05-09) in EUR €84.12
United States of America Diversified Financial Industry PB Ratio Median Figure of 21 Publicly-Listed Diversified Financial Companies 0.86x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
OTCPK:GBLB.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTBR:GBLB Share Price ÷ Book Value per Share (both in EUR)

= 84.12 ÷ 100.30

0.84x

* Primary Listing of Groupe Bruxelles Lambert.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Groupe Bruxelles Lambert is good value based on assets compared to the US Diversified Financial industry average.
X
Value checks
We assess Groupe Bruxelles Lambert's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Diversified Financial industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Diversified Financial industry average (and greater than 0)? (1 check)
  5. Groupe Bruxelles Lambert has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

GBLB.Y Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
49.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Groupe Bruxelles Lambert expected to grow at an attractive rate?
  • Groupe Bruxelles Lambert's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Groupe Bruxelles Lambert's earnings growth is expected to exceed the United States of America market average.
  • Groupe Bruxelles Lambert's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:GBLB.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:GBLB.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 49.9%
OTCPK:GBLB.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 0.4%
United States of America Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 0.8%
United States of America Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 5.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:GBLB.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:GBLB.Y Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 5,677 790 1
2020-12-31 5,567 690 1
2019-12-31 5,379 632 1
OTCPK:GBLB.Y Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 5,703 -65
2018-12-31 5,586 914 -129
2018-09-30 5,793 524
2018-06-30 5,859 1,281 616
2018-03-31 5,616 586
2017-12-31 5,220 975 638
2017-09-30 5,595 990
2017-06-30 5,208 694 871
2017-03-31 3,962 698
2016-12-31 3,977 551 -458
2016-09-30 3,801 -679
2016-06-30 3,893 1,000 -582

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Groupe Bruxelles Lambert's earnings are expected to grow significantly at over 20% yearly.
  • Groupe Bruxelles Lambert's revenue is expected to grow by 0.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:GBLB.Y Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Groupe Bruxelles Lambert Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:GBLB.Y Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 3.49 4.37 2.61 2.00
2019-12-31 4.01 4.01 4.01 1.00
OTCPK:GBLB.Y Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 -0.41
2018-12-31 -0.82
2018-09-30 3.35
2018-06-30 3.95
2018-03-31 3.77
2017-12-31 4.10
2017-09-30 6.36
2017-06-30 5.60
2017-03-31 4.49
2016-12-31 -2.95
2016-09-30 -4.37
2016-06-30 -3.75

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Groupe Bruxelles Lambert is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Groupe Bruxelles Lambert's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Groupe Bruxelles Lambert has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

GBLB.Y Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Groupe Bruxelles Lambert's growth in the last year to its industry (Diversified Financial).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Groupe Bruxelles Lambert does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Groupe Bruxelles Lambert's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Groupe Bruxelles Lambert's 1-year growth to the US Diversified Financial industry average as it is not currently profitable.
Earnings and Revenue History
Groupe Bruxelles Lambert's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Groupe Bruxelles Lambert Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:GBLB.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 5,703.20 -64.90 1,325.60
2018-12-31 5,585.50 -129.10 1,305.60
2018-09-30 5,792.80 524.00 1,351.10
2018-06-30 5,859.00 616.00 1,301.90
2018-03-31 5,616.10 585.70 1,253.60
2017-12-31 5,220.30 638.10 1,163.10
2017-09-30 5,594.70 989.70 1,162.10
2017-06-30 5,207.90 871.20 1,107.60
2017-03-31 3,961.90 698.20 1,106.60
2016-12-31 3,977.10 -457.70 1,076.60
2016-09-30 3,801.10 -678.90 1,053.70
2016-06-30 3,892.90 -581.90 1,059.30
2016-03-31 5,598.50 -42.30 1,047.30
2015-12-31 5,462.00 1,026.40 1,039.20
2015-09-30 5,240.80 1,040.00 981.60
2015-06-30 5,153.30 1,092.80 938.90
2015-03-31 4,969.20 967.30 914.50
2014-12-31 4,739.70 875.30 880.20
2014-09-30 4,865.10 1,036.30 871.00
2014-06-30 4,747.80 917.20 870.10
2014-03-31 4,380.30 749.70 867.10
2013-12-31 4,458.50 620.60 876.10
2013-09-30 4,073.20 -348.10 899.30
2013-06-30 3,669.70 -240.80 905.70
2013-03-31 4,214.10 -247.60 909.70
2012-12-31 4,249.70 255.60 909.90
2012-09-30 5,013.10 1,048.30 872.20
2012-06-30 4,325.10 361.30 850.30

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Groupe Bruxelles Lambert has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Groupe Bruxelles Lambert used its assets less efficiently than the US Diversified Financial industry average last year based on Return on Assets.
  • It is difficult to establish if Groupe Bruxelles Lambert improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Groupe Bruxelles Lambert's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Diversified Financial industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Groupe Bruxelles Lambert has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

GBLB.Y Health

 How is Groupe Bruxelles Lambert's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Groupe Bruxelles Lambert's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Groupe Bruxelles Lambert is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Groupe Bruxelles Lambert's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Groupe Bruxelles Lambert's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Groupe Bruxelles Lambert Company Filings, last reported 1 month ago.

OTCPK:GBLB.Y Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 17,629.60 3,829.40 1,363.80
2018-12-31 17,629.60 3,829.40 1,363.80
2018-09-30 18,652.50 4,539.00 1,287.10
2018-06-30 18,652.50 4,539.00 1,287.10
2018-03-31 17,936.40 3,987.60 1,016.20
2017-12-31 17,936.40 3,987.60 1,020.90
2017-09-30 17,187.70 3,788.60 1,934.30
2017-06-30 17,187.70 3,788.60 1,934.30
2017-03-31 16,374.20 3,653.70 2,109.60
2016-12-31 16,374.20 3,653.70 2,109.60
2016-09-30 14,717.30 4,561.00 2,002.90
2016-06-30 14,717.30 4,561.00 2,002.90
2016-03-31 14,543.50 3,965.10 1,556.20
2015-12-31 14,543.50 3,965.10 1,561.20
2015-09-30 15,305.70 3,983.90 1,423.50
2015-06-30 15,305.70 3,983.90 1,423.50
2015-03-31 14,284.20 3,579.30 2,419.90
2014-12-31 14,284.20 3,579.30 2,426.00
2014-09-30 14,527.80 3,217.60 1,627.80
2014-06-30 14,527.80 3,217.60 1,627.80
2014-03-31 13,690.80 3,570.90 1,833.60
2013-12-31 13,690.80 3,570.90 1,833.60
2013-09-30 12,805.50 3,698.50 1,188.60
2013-06-30 12,805.50 3,698.50 1,188.60
2013-03-31 13,407.10 2,465.50 1,512.70
2012-12-31 13,391.70 2,460.00 1,512.70
2012-09-30 13,266.20 2,729.80 1,331.60
2012-06-30 13,266.20 2,729.80 1,331.60
  • Groupe Bruxelles Lambert's level of debt (21.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (26% vs 21.7% today).
  • Debt is well covered by operating cash flow (23.9%, greater than 20% of total debt).
  • Groupe Bruxelles Lambert is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Groupe Bruxelles Lambert's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Groupe Bruxelles Lambert has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

GBLB.Y Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.65%
Current annual income from Groupe Bruxelles Lambert dividends. Estimated to be 3.8% next year.
If you bought $2,000 of Groupe Bruxelles Lambert shares you are expected to receive $73 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Groupe Bruxelles Lambert's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Groupe Bruxelles Lambert's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:GBLB.Y Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 1.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:GBLB.Y Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 3.40 1.00
2020-12-31 3.23 2.00
2019-12-31 3.14 4.00
OTCPK:GBLB.Y Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-22 3.070 3.562
2019-03-14 3.070 3.565
2018-03-23 3.000 3.484
2018-03-15 3.000 3.227
2017-05-04 2.930 3.285
2016-07-29 2.860 3.589
2015-03-13 2.790 3.800
2014-04-11 2.720 3.706
2014-03-13 2.720 3.766
2013-03-05 2.650 4.209
2012-03-01 2.600 4.614
2011-03-03 2.540 4.441
2010-03-01 2.420 3.883

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Groupe Bruxelles Lambert has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Groupe Bruxelles Lambert only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Groupe Bruxelles Lambert's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Groupe Bruxelles Lambert's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Groupe Bruxelles Lambert afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Groupe Bruxelles Lambert has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

GBLB.Y Management

 What is the CEO of Groupe Bruxelles Lambert's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ian Gallienne
COMPENSATION €2,308,469
AGE 47
TENURE AS CEO 7.3 years
CEO Bio

Mr. Ian Gallienne has been Co-Chief Executive Officer of Groupe Bruxelles Lambert SA since January 1, 2012 and serves as Managing Director. Mr. Gallienne was a Co-Founder of Ergon Capital Partners which he founded in 2005 and served as its Partners and its Managing Director until 2012. He started the Gallienne in 2005. He began his career in Spain, in 1992 as Co-founder of a sales company. From 1995 to 1997, he was a member of management of a consulting firm specialized in turning around struggling businesses in France. He has many years private equity experience in United States, UK, Belgium, Italy, Spain & France and has invested in numerous sectors including retail and manufacturing. He was a Principal of Rhone Capital, L.L.C., where he joined in 1998 and served as its Manager of the private equity funds from 1998 to 2005. He began his career by founding a Company Loco Pins in Madrid. He serves as the Chairman at Sienna Capital. Currently, he is also a Member of the Board of Directors of Compagnie Nationale a Portefeuille SA/NV and Frère-Bourgeois. Mr. Gallienne has been an Independent Director at Pernord Ricard SA since November 9, 2012. He has been a Non-Executive Director at Lafarge S.A. since November 3, 2011 and Imerys SA since April 29, 2010. He was Member of the Supervisory Board: Kartesia Management SA (Luxembourg). He was Manager: Egerton Sàrl, Ergon Capital II Sàrl (Luxembourg).He serves as a Director of SGS Korea Co., Ltd. He has been a Member of Supervisory Board at Adidas AG since June 15, 2016. He has been a Director of SGS SA since July 2013. He served as a Member of the Board of Directors at Erbe S.A. He has been a Director at Groupe Bruxelles Lambert SA since 2009 and has been its Managing Director since January 1, 2012. He served as a Non Executive Director of Gruppo Banca Leonardo SpA (Italy), PLU Holding SAS (Corialis), Steel Partners NV (Joris Ide Group) (Belgium), Ergon Capital SA (Belgium); and Joris Ide NV. He is Director at Frère Bourgeois (Belgium); Pernord Ricard* (France); SGS* (Switzerland). He served as a Director of Umicore S.A. since April 28, 2015 until April 30, 2017. He served as a Director at Zellbios S.A., Seves S.p.a., Aliplast nv/sa, La Gardenia Beauty S.p.a., Farmabios S.p.A., and Corialis Group. He graduated in Management and Administration with a major in Finance from the ESDE School in Paris. Mr. Gallienne holds an MBA from INSEAD, France.

CEO Compensation
  • Ian's compensation has been consistent with company performance over the past year.
  • Ian's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Groupe Bruxelles Lambert management team in years:

3.3
Average Tenure
48
Average Age
  • The tenure for the Groupe Bruxelles Lambert management team is about average.
Management Team

Ian Gallienne

TITLE
Co-CEO, MD & Director
COMPENSATION
€2M
AGE
47
TENURE
7.3 yrs

Gérard Lamarche

TITLE
Co-CEO, MD & Director
COMPENSATION
€2M
AGE
57
TENURE
7.3 yrs

Xavier Likin

TITLE
Chief Financial Officer
AGE
50
TENURE
1.8 yrs

Colin Hall

TITLE
Head of Investments
AGE
48
TENURE
3.3 yrs

Sophie Gallaire

TITLE
Head of Investor Relations

Priscilla Maters

TITLE
Chief Legal Officer & General Secretary
AGE
40
TENURE
2.6 yrs

Pierre Donnea

TITLE
Compliance Officer

Pascal Reynaerts

TITLE
Head of Taxation

Emile Quevrin

TITLE
Honorary Managing Director

Jacques Moulaert

TITLE
Honorary Managing Director
Board of Directors Tenure

Average tenure and age of the Groupe Bruxelles Lambert board of directors in years:

8.1
Average Tenure
67
Average Age
  • The tenure for the Groupe Bruxelles Lambert board of directors is about average.
Board of Directors

Paul Desmarais

TITLE
Chairman of the Board
COMPENSATION
€469K
AGE
64
TENURE
0.1 yrs

Ian Gallienne

TITLE
Co-CEO, MD & Director
COMPENSATION
€2M
AGE
47
TENURE
10.3 yrs

Gérard Lamarche

TITLE
Co-CEO, MD & Director
COMPENSATION
€2M
AGE
57
TENURE
8.1 yrs

Gérald Frère

TITLE
Vice Chairman
COMPENSATION
€301K
AGE
67
TENURE
0.1 yrs

Albert Frère

TITLE
Honorary Chairman

Amaury-Daniel de Seze

TITLE
Director
COMPENSATION
€144K
AGE
72
TENURE
25.3 yrs

Antoinette d'Aspremont Lynden

TITLE
Independent Director
COMPENSATION
€86K
AGE
69
TENURE
8.1 yrs

Victor Delloye

TITLE
Director
COMPENSATION
€162K
AGE
65
TENURE
20.3 yrs

Thierry de Rudder

TITLE
Director
COMPENSATION
€170K
AGE
69
TENURE
19.3 yrs

Martine Verluyten

TITLE
Independent Non-Executive Director
COMPENSATION
€70K
AGE
67
TENURE
6.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Groupe Bruxelles Lambert's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Groupe Bruxelles Lambert has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

GBLB.Y News

Simply Wall St News

GBLB.Y Company Info

Description

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.

Details
Name: Groupe Bruxelles Lambert SA
GBLB.Y
Exchange: OTCPK
Founded: 1902
€14,807,745,839
157,723,969
Website: http://www.gbl.be
Address: Groupe Bruxelles Lambert SA
Avenue Marnix 24,
Brussels,
Brussels, 1000,
Belgium
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTBR GBLB Registered Shares Euronext Brussels BE EUR 06. Jul 1987
OTCPK GBLB.F Registered Shares Pink Sheets LLC US USD 06. Jul 1987
DB EAI Registered Shares Deutsche Boerse AG DE EUR 06. Jul 1987
LSE 0IN2 Registered Shares London Stock Exchange GB EUR 06. Jul 1987
WBAG GBLB Registered Shares Wiener Boerse AG AT EUR 06. Jul 1987
BATS-CHIXE GBLBB Registered Shares BATS 'Chi-X Europe' GB EUR 06. Jul 1987
OTCPK GBLB.Y ADR Pink Sheets LLC US USD 16. Oct 2008
Number of employees
Current staff
Staff numbers
50
Groupe Bruxelles Lambert employees.
Industry
Multi-Sector Holdings
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 02:26
End of day share price update: 2019/05/09 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.