Global Indemnity Group, LLC (GBLI) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-52.8%

$11.21

vs $23.75 price

Levered DCF

$53.65

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.14

Distress zone

Rating

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	16.22×	11.46×	17.52×	-261.62×	12.57×	-19.32×	6.01×	-9.01×
P/B	0.57×	0.71×	0.67×	0.54×	0.51×	0.57×	0.58×	0.81×
P/S	0.89×	1.11×	0.83×	0.54×	0.53×	0.7×	0.7×	1.02×
EV / EBITDA	8.87×	7.98×	10.51×	23.51×	8×	-77.95×	6.18×	-14.21×
Gross margin	14.4%	18.3%	10.7%	5.2%	10.4%	5.4%	20.0%	-5.3%
Operating margin	7.4%	12.5%	6.2%	0.3%	4.8%	-5.0%	13.5%	-15.2%
Net margin	5.6%	9.8%	4.8%	-0.1%	4.3%	-3.6%	11.6%	-11.4%
Current ratio	1.35×	1.36×	14.4×	32.73×	40.41×	42.51×	48.6×	2.23×
Debt / equity	0.01×	0.02×	0.02×	0.03×	0.21×	0.21×	0.41×	0.46×
Interest coverage	0×	0×	0×	0.66×	3.13×	-1.84×	4.08×	-3.86×
Dividend yield	5.1%	4.0%	3.4%	4.4%	4.1%	3.5%	3.4%	2.7%
Payout ratio	80.7%	45.9%	57.8%	-1741.9%	50.7%	-68.5%	20.3%	-24.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	3.6%	6.3%	3.9%	-0.1%	4.2%	-2.9%	9.6%	-9.0%
Return on invested capital	3.3%	5.8%	2.9%	-0.0%	1.0%	-0.8%	2.3%	-2.5%
Return on assets	1.5%	2.5%	1.5%	-0.0%	1.5%	-1.1%	3.4%	-2.9%
Free cash flow yield	2.3%	7.9%	9.8%	13.1%	25.0%	1.7%	2.0%	6.4%
Earnings yield	6.3%	8.8%	5.8%	-0.3%	8.1%	-5.1%	16.7%	-11.1%
Enterprise value	$345.6M	$484.3M	$411.7M	$314.4M	$429.8M	$490.5M	$672.9M	$699.5M
Net debt / EBITDA	-1.47×	-0.11×	-0.65×	-1.73×	1.25×	-13.01×	2.32×	-3.84×
Cash conversion cycle (days)	105	110	18	-135	-162	-126	-144	-274