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Global Blue Group Holding Ltd (GB)

Upturn stock ratingUpturn stock rating
$7.47
Last Close (24-hour delay)
Profit since last BUY1.22%
upturn advisory
Consider higher Upturn Star rating
BUY since 79 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
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Upturn Advisory Summary

06/30/2025: GB (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

1 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $5.99

1 Year Target Price $5.99

Analysts Price Target For last 52 week
$5.99Target price
Low$4.29
Current$7.47
high$8

Analysis of Past Performance

Type Stock
Historic Profit -7.17%
Avg. Invested days 44
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.49B USD
Price to earnings Ratio 18.24
1Y Target Price 5.99
Price to earnings Ratio 18.24
1Y Target Price 5.99
Volume (30-day avg) 1
Beta 0.44
52 Weeks Range 4.29 - 8.00
Updated Date 06/30/2025
52 Weeks Range 4.29 - 8.00
Updated Date 06/30/2025
Dividends yield (FY) -
Basic EPS (TTM) 0.41

Analyzing Revenue: Products, Geography and Growth

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date 2025-06-04
When Before Market
Estimate 0.04
Actual 0.06

Profitability

Profit Margin 16.6%
Operating Margin (TTM) 26.82%

Management Effectiveness

Return on Assets (TTM) 8%
Return on Equity (TTM) 87.24%

Valuation

Trailing PE 18.24
Forward PE 21.01
Enterprise Value 2010539306
Price to Sales(TTM) 2.94
Enterprise Value 2010539306
Price to Sales(TTM) 2.94
Enterprise Value to Revenue 3.39
Enterprise Value to EBITDA 6.98
Shares Outstanding 199366000
Shares Floating 39321454
Shares Outstanding 199366000
Shares Floating 39321454
Percent Insiders 16.82
Percent Institutions 77.66

Analyst Ratings

Rating 1
Target Price 5.99
Buy -
Strong Buy -
Buy -
Strong Buy -
Hold 1
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Global Blue Group Holding Ltd

stock logo

Company Overview

overview logo History and Background

Global Blue was founded in 1980, pioneering the concept of Tax Free Shopping. Over time, it expanded its services to include VAT refund processing, currency choice, payment solutions, and retail tech solutions, catering to international shoppers and merchants.

business area logo Core Business Areas

  • Tax Free Shopping: Provides VAT/GST refund processing services for international shoppers, allowing them to reclaim taxes on purchases made abroad.
  • Payment Solutions: Offers payment processing services, including acquiring and cross-border payments, primarily focused on the travel sector.
  • Currency Choice: Allows merchants to offer shoppers the choice to pay in their home currency when using their credit or debit card.
  • Retail Tech Solutions: Provides technology solutions to retailers, including data analytics, customer insights, and marketing tools.

leadership logo Leadership and Structure

The company is led by a board of directors and an executive management team. Key figures include the CEO and CFO. The organizational structure is designed to support the different business segments.

Top Products and Market Share

overview logo Key Offerings

  • Tax Free Shopping: Global Blue's core product is Tax Free Shopping. It operates in over 40 countries and processes refunds for millions of tourists annually. Market share data is not publicly available in a consolidated form, but Global Blue is considered a leading player. Competitors include Planet Payment and Innova Taxfree.
  • Payment Solutions: Payment processing services targeting merchants serving international travelers. This segment facilitates cross-border transactions. Market share information is difficult to isolate, as it competes with larger payment processors. Competitors include Adyen and Worldline.
  • Currency Choice: Allows shoppers to pay in their local currency. Revenue is derived from transaction fees. Competitors include Dynamic Currency Conversion (DCC) providers offered by banks and payment processors.
  • Retail Tech Solutions: Data and insights to help merchants understand and attract international shoppers. Revenue is driven by subscription fees and data licensing. Competitors include retail analytics and marketing platforms such as retailnext, SAP, and Oracle.

Market Dynamics

industry overview logo Industry Overview

The travel retail industry is recovering from the pandemic, with increasing international travel and tourism. The demand for tax-free shopping and cross-border payment solutions is growing, driven by the rise of global commerce and tourism. However, economic uncertainty and geopolitical risks can impact travel patterns and spending.

Positioning

Global Blue is positioned as a leading provider of tax-free shopping services, with a growing presence in payment solutions and retail tech. Its competitive advantages include its established brand, extensive network of retailers, and technology platform.

Total Addressable Market (TAM)

The global tax-free shopping market is estimated to be in the tens of billions of dollars. The payments market is significantly larger. Global Blue is positioned to capture a portion of this TAM through its core tax-free shopping services and its expansion into related areas.

Upturn SWOT Analysis

Strengths

  • Established brand and reputation
  • Extensive network of retailers and partners
  • Technology platform
  • Global presence
  • Expertise in tax-free shopping

Weaknesses

  • Dependence on international travel and tourism
  • Exposure to regulatory changes in VAT/GST rules
  • Competition from other tax-free shopping providers
  • Vulnerability to economic downturns

Opportunities

  • Expanding into new geographic markets
  • Developing new payment solutions for international travelers
  • Leveraging data analytics to provide insights to retailers
  • Acquiring smaller competitors
  • Partnerships with major retailers and airlines

Threats

  • Economic downturns that reduce travel spending
  • Changes in VAT/GST regulations that reduce tax refunds
  • Increased competition from new entrants
  • Geopolitical instability that disrupts travel patterns
  • Technological disruptions that change the way travelers shop

Competitors and Market Share

competitor logo Key Competitors

  • Planet Payment (PLNT)
  • Adyen (ADYEN.AS)
  • Worldline (WLN.PA)

Competitive Landscape

Global Blue's advantage lies in its established tax-free shopping network, but it faces competition from larger payment processors and new entrants offering similar services. It must continue innovating and expanding its offerings to maintain its competitive edge.

Major Acquisitions

ZigZag Global

  • Year: 2022
  • Acquisition Price (USD millions): 0
  • Strategic Rationale: Expand into e-commerce returns management, strengthening its offerings for cross-border retailers. Price undisclosed.

Growth Trajectory and Initiatives

Historical Growth: Historical growth is tied to international travel and tourist spending. Pre-pandemic growth, followed by a decline, then a recovery.

Future Projections: Future growth projections depend on the rebound of international travel, expansion into new markets, and success in payment solutions.

Recent Initiatives: Recent initiatives include expanding into new markets (e.g., Asia), developing new payment solutions, and investing in technology.

Summary

Global Blue is a leading provider of tax-free shopping services, benefiting from the recovery of international travel. The company's established network and technology platform are key strengths, but it faces competition and regulatory risks. Its expansion into payment solutions and retail tech offers growth opportunities. The acquisitions such as ZigZag show innovation. Strong performance is predicated on the continued recovery of the travel industry.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company Website
  • SEC Filings
  • Industry Reports
  • Analyst Research

Disclaimers:

The information provided is for informational purposes only and should not be considered financial advice. Market data and analyst estimates are subject to change. This analysis is based on publicly available information and assumptions, and may not be accurate or complete. Past performance is not indicative of future results.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Global Blue Group Holding Ltd

Exchange NYSE
Headquaters -
IPO Launch date 2020-08-31
President, CEO & Director Mr. Jacques Stern CPA
Sector Technology
Industry Software - Infrastructure
Full time employees 2160
Full time employees 2160

Global Blue Group Holding AG, together with its subsidiaries, provides technology and payments solutions for merchants, acquirers, customs, authorities, travelers, shoppers, and guests in Europe, the Asia Pacific, and internationally. It operates through three segments: Tax Free Shopping (TFS); Payments; and Post-Purchase Solutions (PPS). The company offers TFS, a value-added tax (VAT) refund service that allows eligible shoppers to reclaim VAT on goods purchased outside of their home country; and intelligence and marketing services. It also provides payment services, which enable customers to pay in their choice of preferred currency, home or destination, and at the point of sale (POS) when shopping outside of their home country. In addition, the company offers currency conversion services for POS, ecommerce return solutions, and dynamic currency conversion services at automated teller machines, as well as multi-currency processing services for online retailers. Further, it provides ZigZag, a technology platform that digitalizes the ecommerce returns experience and enhances the process for retailers and consumer queries; ShipUp, a post-purchase engagement solution for online purchases enabling brands to deliver post-purchase communication; and Yocuda that enables retailers to send digital receipts to their customers. The company was founded in 1980 and is headquartered in Wangen-Brüttisellen, Switzerland.