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81.02 €
Stock price
06/28/202217:38
Key Financial Information

Net asset value

Net asset value in EUR per share
03/31/2022

€ 136.10

Total net asset value
03/31/2022

€ 21,280 M

Discount
03/31/2022

30.85 %
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Detailed net asset value as of March 31, 2022

% In capital

Share price (in EUR)

EUR million

Listed investments 15,831
Pernod Ricard 7.60 199.30 3,965
SGS 19.11 2,509.01 3,593
adidas 7.14 211.90 2,906
Imerys 54.64 39.00 1,810
Umicore 15.92 39.36 1,544
Mowi 7.01 24.51 888
Holcim 2.14 44.11 580
GEA 6.29 37.31 424
Ontex 19.98 6.63 109
TotalEnergies 0.01 46.03 12
Private investments 2,531
Webhelp 60.49 1,649
Canyon 51.27 392
Voodoo 16.18 266
Parques Reunidos 23.00 224
Sienna Investment Managers 100.00 3,056
Other 182
Portfolio 21,601
Treasury shares 951
Gross debt (3,283)
Cash and cash equivalents 2,012
Net asset value (global) 21,280
Net asset value (in EUR per share) 136.10
Share price (in EUR per share) 94.12
Discount (in %) 30.8 %

Historic data (total NAV) since 1998

NAV per share and stock price of GBL since 2004

 

Principles

The change in GBL’s net asset value is, together with the change in its stock price, cash earnings and result, an important criterion for assessing the performance of the group.

The net asset value is a conventional reference obtained by adding gross cash and treasury shares to the fair value of the investment portfolio and deducting gross debt.

The following valuation principles are applied for the portfolio:

  • investments in listed companies and treasury shares are valued at the closing price. However, the value of shares underlying any commitments made by the group is capped at the conversion/exercise price;
  • investments in unlisted companies are valued on a quarterly basis at their fair value in line with the recommendations of the International Private Equity and Venture Capital Valuation Guidelines (IPEV). Recent investments are valued at their acquisition cost, provided that these valuations are considered as the best estimates of fair value;
  • regarding the portfolio of Sienna Investment Managers, the valuation corresponds to the sum of its investments, at fair value based on elements provided by the fund managers, to which is added Sienna Investment Managers net cash or, where applicable, to which is deducted Sienna Investment Managers external net debt.

GBL’s net asset value is reported together with the results’ publication on a quarterly basis.

Some minor events may not have been taken into account in the value reported. The combined effect of these factors may not exceed 2% of the net asset value.

The number of GBL shares used to calculate the net asset value per share is the number of company shares outstanding on the valuation date.

Main navigation

  • About GBL
      About GBL
    • Our purpose
    • Shareholding
    • Governance
      • Board of Directors
      • Board Committees
      • Management
      • Organization
      • Corporate governance
    • ESG
      • Sustainability
      • GBL Act
      • ESG glossary
    • Risk Management
    • Business model
  • Portfolio
      Portfolio
    • Listed investments
      • adidas
      • GEA
      • Imerys
      • Holcim
      • Mowi
      • Ontex
      • Pernod Ricard
      • SGS
      • Umicore
    • Private investments
      • Canyon
      • Parques Reunidos
      • Voodoo
      • Webhelp
    • Sienna Investment Managers
      • FUNDS
        NON-DIGITAL ASSETS
        • Ergon Capital
        • Sagard (excl. NewGen)
        • Kartesia
        • PrimeStone
        • C2 Capital
        • Mérieux Développement
        • Carlyle
      • DIGITAL FUNDS
        DIGITAL ASSETS
        • Marcho Partners
        • Backed
        • Human Capital
        • Sagard NewGen
        • South Park Commons
        • Innovius Capital
        • 468 Capital
        • Griffin Gaming Partners
      • DIRECT/CO-INVESTMENTS
        NON-DIGITAL ASSETS
        • Upfield
        • CEPSA
      • DIRECT/CO-INVESTMENTS
        DIGITAL ASSETS
        • Pollen
        • Cosmetics company
        • Globality
  • Investors
      Investors
    • GBL Share
      • Stock price & key share information
      • Dividend
      • Total Shareholder Return
      • Capital and form of shares
      • Voting rights and denominator
      • Transactions on GBL shares
    • Key Financial Information
      • Net asset value
      • Net financial position
      • Credit rating
      • Consolidated net result & Cash earnings
      • Glossary
    • Analysts
    • General Meeting
    • Financial Calendar
    • Capital Markets Day
  • Careers
  • Media Center
      Media Center
    • Press releases
    • Annual & Half-year reports
    • IR Presentations
    • Analyst Presentations
    • Voting rights and denominator
    • Transactions on GBL shares
    • Subscription Form

Groupe Bruxelles Lambert (GBL)

Avenue Marnix 24
B-1000 Brussels

Contact

Carine Dumasy
+32 2 289 17 17
cdumasy@gbl.be

Investor Relations

Alison Donohoe
+32 2 289 17 64
adonohoe@gbl.be
 

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