Gimv - FY23/FY24 in line, EUR 2.6 dividend confirmed
• FY23/24 NAV came in at EUR 53.4 p/s, up 10.8% YoY • Stable dividend proposed at EUR 2.6 p/s, implying 5.6% yield• We estimate today's NAV to be EUR 54.2 p/s, implying 14% discount which we expect to narrow now that dust has settled surrounding WorxInvest entry.• We remain confident about the reported NAV thanks to conservative valuation (average 8.6x EBITDA multiple). BUY reiterated as well as our EUR 54 TP.GIMV is a listed investment company, specializing in private equity and venture capital and active in small and medium buyouts, growth financing and technology investments. Co. is also present with technology investments across Europe and in Israel, Japan and the USA. Co. invests in ICT (Technology), environmentally friendly technology (Cleantech) and Life Sciences.
We are an investment house with Belgian roots founded on more than 150 years of trust.
As a private company owned by long-term committed shareholders, we are independent. Naturally and structurally. Our experts have the knowledge to think and act without bias, and to make decisions that benefit our clients. Today and tomorrow.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.