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Global Fashion Group SA (GFG) Fair Value & Analysis

Consumer Cyclical · DE · Market cap €101M · ISIN LU2010095458

GF Global Fashion Group SA GFG · XETRA
Price€0.4420
Fair Value€0.5200
Upside+17.7%
Quality53/100
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Strengths

Trades 15% below our fair value of €0.5200

Risks

!Weak Growth (revenue 5y −12.9 %/yr)
!Loss-making · -8.9% net margin
!Low debt · negative free cash flow
!Mixed vs. peers (4/10)
Weak Growth (revenue 5y −12.9 %/yr)
Loss-making · -8.9% net margin
Low debt · negative free cash flow
Mixed vs. peers (4/10)
Narrow moat 11/100
Evidence: Low Range €0.4900 – €0.5600 Share as image

Fair value as of: Aug 13, 2026

From 2 valuation models · updated 16 days ago

Share price +1.6% over the past month.

A solid business, trading 15% below our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price is below even our cautious bear case (€0.4900). The market is more pessimistic than our downside scenario.
  • The models converge in a tight band (€0.4900 to €0.5600), unusually little disagreement for a valuation.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

€13.46 €0.1761 Fair Value €0.5200 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range €0.1761 – €13.46 · fair‑value band €0.4900 – €0.5600 · the €0.4420 price screens below the €0.5200 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Global Fashion Group SA (GFG) currently trades at €0.4420, while our model-based Fair Value estimate is €0.5200, implying the stock looks roughly 17.7% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, Global Fashion Group SA generated revenue of €680M at a net margin of -8.9%. Revenue declined 6.5% year over year. It earns a return on equity of -30.4%. The balance sheet holds a net cash position of €85.9M. Fundamentals as of Aug 13, 2026

Our scenario range runs from €0.4900 (bear case) to €0.5600 (bull case); at €0.4420, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 25% below its 52-week high and 92% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -38% fair-value upside, at 18%, GFG screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
EV/EBITDA €0.8800 €0.9200 €0.9600 54
NCAV (Graham) €0.3400 €0.4600 €0.6900 50
All 2 models by family
Multiples
EV/EBITDA €0.8800 €0.9200 €0.9600 54
Asset-Based
NCAV (Graham) €0.3400 €0.4600 €0.6900 50

Widest divergence: Multiples (€0.9200) versus Asset-Based (€0.4600). Highest evidence: EV/EBITDA (54).

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Key figures & financial health

P/S ratio 0.15 TTM
EPS (TTM) €-0.3000
Net margin -8.9% FY2025
Return on equity -30.4% TTM
Return on assets (EBIT) -9.7% avg 5y
Operating margin -2.3% TTM
More key figures
Growth
Revenue (TTM) €680M TTM
Revenue growth (YoY) -6.5% 3y avg -14.0%
Balance sheet & cash flow
Free cash flow −€6.5M FY2025
Net cash €85.9M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 52 · Market factors (momentum, volatility) 59

Profitability 40
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 65
Price trend over the last 3–12 months (market factor)
52W Momentum 60
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Global Fashion Group S.A., together with its subsidiaries, operates e-commerce platforms for fashion and lifestyle markets in Latin America, Southeast Asia, Australia, and New Zealand. It offers products for various fashion and lifestyle categories, such as apparel, footwear, accessories, beauty, and sportswear.

Full company description

Global Fashion Group S.A., together with its subsidiaries, operates e-commerce platforms for fashion and lifestyle markets in Latin America, Southeast Asia, Australia, and New Zealand. It offers products for various fashion and lifestyle categories, such as apparel, footwear, accessories, beauty, and sportswear. The company leases various offices, warehouses, equipment, and vehicles; trustee, consultancy, finance, and IT services; and online retail services, as well as operates as a general partner. It operates through three e-commerce platforms, which include Dafiti, ZALORA, and THE ICONIC. The company was formerly known as Global Fashion Holding S.A. and changed its name to Global Fashion Group S.A. in March 2015. The company was founded in 2011 and is based in Senningerberg, Luxembourg.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Global Fashion Group SA reported revenue of €680M in FY2025 versus €1.0B in FY2021, a compound −10.0%/yr. Reported net income was −€60.3M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€680M
Latest YoY
−8.6%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−14.0%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−12.9%
Avg. revenue growth/yr (9Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−2.9%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −10.0%/yr
FY21 €1.0B
FY22 €1.1B
FY23 €838M
FY24 €744M
FY25 €680M
Net income
FY21 −€125M
FY22 −€196M
FY23 −€178M
FY24 −€82.5M
FY25 −€60.3M

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Cite: Fair Value Calculator (2026). "Global Fashion Group SA Fair Value". https://www.fairvalue-calculator.com/stock/GFG

Peer Group

Apparel Retail · 110 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 52 · Below median
Fair Value upside +18% · Above median
Return on assets -4% · Bottom 25%
Net margin (TTM) -9% · Bottom 25%
Operating margin (TTM) -2% · Below median
Revenue growth -7% · Bottom 25%

Valuation Multiples vs Apparel Retail median · lower = cheaper

P/B 0.75× · Cheaper than median
P/S (TTM) 0.17× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE57 · sector 33
FUTURE0 · sector 18
PAST0 · sector 33
HEALTH100 · sector 100
DIVIDEND0 · sector 53

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Apparel Retail stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Industria de Diseño Textil, S.A ITX 246.10 PLN 189.40 PLN -23%
The TJX Companies, Inc TJX $136.83 $84.95 -38%
Fast Retailing Co 6288 HK$37.20 HK$15.24 -59%
Ross Stores, Inc ROST $236.27 $118.41 -50%
Burlington Stores, Inc BURL $353.63 $143.65 -59%
Trent Limited TRENT ₹2,990 ₹709.49 -76%
lululemon athletica inc., LULU $120.81 $299.63 +148%
Aritzia Inc ATZ C$140.07 C$70.30 -50%
The Gap, Inc GAP $20.60 $36.44 +77%
Urban Outfitters, Inc URBN $82.95 $92.88 +12%

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Frequently asked questions

Is Global Fashion Group SA (GFG) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of €0.5200 versus a price of €0.4420, about +18% (undervalued).
What is the fair value of GFG?
Our model-based fair value for Global Fashion Group SA is €0.5200 (as of Aug 13, 2026), built from audited fundamentals. The current price: €0.4420.
What is the quality score of GFG?
Global Fashion Group SA has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Global Fashion Group SA (GFG)?
Global Fashion Group SA reported trailing-twelve-month revenue of about €680M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of GFG?
The net profit margin of Global Fashion Group SA is about -8.9%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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