Global Industrial Co (GIC) 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

-14.9%

$37.70

vs $44.29 price

Levered DCF

$35.25

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

7.18

Safe 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	15.71×	15.59×	20.99×	11.37×	22.11×	20.87×	19.5×	3.96×
P/B	3.58×	3.38×	5.8×	4.25×	10.07×	12.6×	5.38×	6.45×
P/S	0.81×	0.72×	1.16×	0.77×	1.45×	1.31×	1×	0.99×
EV / EBITDA	11×	11.28×	15×	8.89×	17.66×	16×	13.18×	9.28×
Gross margin	35.5%	34.3%	34.2%	36.1%	35.2%	34.7%	34.4%	34.3%
Operating margin	7.1%	6.1%	7.6%	9.0%	8.3%	8.2%	7.0%	6.9%
Net margin	5.2%	4.6%	5.5%	6.8%	9.7%	6.4%	5.1%	25.1%
Current ratio	2.22×	2.09×	1.89×	2.13×	1.68×	1.42×	1.9×	1.31×
Debt / equity	0.33×	0.3×	0.37×	0.49×	0.54×	0.82×	0.39×	0×
Interest coverage	976×	402.5×	87.73×	95.64×	880×	841×	0×	38.56×
Dividend yield	3.6%	4.0%	2.1%	3.1%	4.0%	10.0%	27.7%	12.3%
Payout ratio	55.9%	63.0%	43.3%	35.0%	60.5%	205.4%	539.4%	48.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	23.0%	21.7%	27.7%	37.5%	67.3%	61.2%	27.6%	163.2%
Return on invested capital	17.2%	16.7%	20.3%	25.1%	29.3%	32.3%	20.2%	32.3%
Return on assets	12.4%	11.7%	13.8%	17.3%	25.5%	17.4%	12.2%	42.4%
Free cash flow yield	6.6%	4.9%	7.3%	4.8%	3.0%	4.9%	6.5%	-3.0%
Earnings yield	6.4%	6.4%	4.8%	8.8%	6.7%	4.9%	5.1%	25.3%
Enterprise value	$1.2B	$988M	$1.5B	$967.7M	$1.6B	$1.4B	$914.9M	$593.3M
Net debt / EBITDA	0.34×	0.44×	0.59×	0.68×	0.75×	0.74×	-0.41×	-4.62×
Cash conversion cycle (days)	64	61	55	74	68	40	32	38