Groupe Bruxelles Lambert SA
About the company
Groupe Bruxelles Lambert SA invests in a portfolio of industrial, consumer goods, and business service companies in Belgium, other European countries, North America, and internationally. It operates through six segments: Holding, Imerys, Canyon, Affidea, Sanoptis, and GBL Capital and Sienna Investment Managers. The company was incorporated in 1902 and is headquartered in Brussels, Belgium.
Price above modeled range
5-year outlook: Not shown because confidence is low: Dividend discount model agrees.
Why: Investment holding companies earn mostly market gains on the stakes they own, so earnings and cash flow say little. Their value is the net assets (book equity, where stakes are carried at …
The range depends on model assumptions and data; it is not a prediction or investment advice.
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Market price above modeled range
Showing the EV/Sales (Rule of 40) you selected on the company card, using 4.01% growth, 2.4% terminal growth and 9.6% discount. The range varies these assumptions slightly; it is illustrative, not investment advice.
Assumptions: growth 4.01%, discount rate 9.60%, terminal growth 2.40% (sector defaults). See a worked example.
Blended growth assumption: 4.0% (sector default 5.4%, own revenue history 0.8%, analyst revenue consensus 4.9%).
Analyst consensus expects revenue growth of 4.9% a year; the growth assumption used is 4.0%.
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Why this model: Investment holding companies earn mostly market gains on the stakes they own, so earnings and cash flow say little. Their value is the net assets (book equity, where stakes are carried at market value) less the discount at which such companies usually trade.
Compare models- Recommended: Net asset value (book) — EUR 82.35 (+4.2%)
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EPS-based Gordon proxy
— not applicable
Not used: Cannot be computed: net income is zero or negative.
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DCF (trailing free cash flow)
— not applicable
Not used: Cannot be computed: free cash flow is zero or negative.
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FCFF (steady state)
— not applicable
Not used: Cannot be computed: free cash flow is zero or negative.
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EV/EBITDA (12x)
— not applicable
Not used: Cannot be computed: EBITDA is missing, zero or negative.
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Fade DCF (10-year growth fade)
— not applicable
Not used: Cannot be computed: free cash flow is zero or negative.
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EV/Sales (Rule of 40)
— EUR 51.41 (-35.0%)
Not used: Used only for technology and communication companies whose cash-flow value is far below the price.
| Bear EUR 26.88 | -194.1% |
| Base EUR 51.41 | -53.8% |
| Bull EUR 75.94 | -4.1% |
Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.
Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.
Price history and fair value
1 year price change: +10.92% · EUR 79.05 · Market data through 06 Nov 2026 ; dashed line is today’s model base value (EUR 51.41). The fair value is today’s estimate, not what the model said in the past.
Saved price history is current through 06 Nov 2026; last refreshed 06 Nov 2026 18:33 (2 hours, 42 minutes ago).
06 Nov 2025Range EUR 67.24 – 83.0006 Nov 2026
Latest news
Headlines provided by EODHD. Articles may mention multiple companies and are not investment recommendations.
More detail: quality, peers, price history, dividends and financials
Quality score: 44 / 100
Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.
| Profitability | 3 of 5 years profitable | 12 / 20 |
| Cash generation | free cash flow positive in 5 of 5 years | 20 / 20 |
| Growth | revenue +0.8% a year | 12 / 20 |
| Balance sheet | net debt 16.8x EBITDA | 0 / 20 |
| Margins | EBITDA margin 5% | 0 / 20 |
Peers in Financials
Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.
| Company | Price | Margin of safety | P/E | P/B | Yield | Quality |
|---|---|---|---|---|---|---|
| GBLB.BR (this company) | EUR 79.05 | 4.0% | – | 0.9 | 6.2% | 44 |
| PSH.L Pershing Square Holdings, Ltd. | GBP 38.66 | 68.4% | 3.7 | 0.6 | 1.3% | 76 |
| LRE.L Lancashire Holdings Limited | GBP 6.86 | 45.8% | 7.1 | 1.6 | 3.3% | 76 |
| ACA.PA Credit Agricole S.A. | EUR 15.84 | 36.1% | 6.8 | 0.7 | 6.9% | 78 |
| PRU.L Prudential plc | GBP 9.23 | 34.4% | 8.0 | 1.6 | 1.9% | 78 |
| V Visa Inc. | USD 422.59 | 33.3% | 8.9 | – | 0.2% | 100 |
| AGS.BR ageas SA/NV | EUR 77.50 | 32.6% | 8.1 | 1.5 | 5.0% | 76 |
| NWG.L NatWest Group plc | GBP 5.87 | 30.2% | 8.2 | 1.3 | 5.0% | 88 |
| SYF Synchrony Financial | USD 74.07 | 29.9% | 7.2 | 1.4 | 2.1% | 100 |
| Peer median | 7.6 | 1.4 | ||||
Dividends
Paid in the last 12 months: EUR 5.13 per share · yield 6.48% at the current price.
| Year | Dividends per share |
|---|---|
| 2026 (so far) | 5.125 |
| 2025 | 5.000 |
| 2024 | 2.750 |
| 2023 | 2.750 |
| 2022 | 2.750 |
| 2021 | 2.500 |
Annual financial statement
Saved annual report · Fiscal year 2025 · EODHD annual statements · period ended 31 Dec 2025
| Revenue | EUR 6,694,900,000 |
|---|---|
| EBITDA | EUR 352,200,000 |
| EBIT | EUR -255,100,000 |
| Net income | EUR -625,400,000 |
| Free cash flow | EUR 69,000,000 |
| Capital expenditures | EUR 678,100,000 |
| Debt | EUR 7,450,600,000 |
| Cash | EUR 1,540,700,000 |
| Working capital | EUR 1,749,700,000 |
| Shares outstanding | 126,500,000 |
| Reported dividends per share | EUR 4.8964 |