Globe International
Market Cap
AU$47.7m
Last Updated
2020/06/06 10:35 UTC
Data Sources
Company Financials
Executive Summary
Globe International Limited, together with its subsidiaries, designs, produces, and distributes purpose-built apparel, footwear, and skateboard hard goods for the board sports, street fashion, and work wear markets in Australia, North America, Europe, and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet, good value and pays a dividend.
Share Price & News
How has Globe International's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GLB has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
7.0%
GLB
8.4%
AU Luxury
4.0%
AU Market
1 Year Return
-27.2%
GLB
4.2%
AU Luxury
-7.0%
AU Market
Return vs Industry: GLB underperformed the Australian Luxury industry which returned 4.2% over the past year.
Return vs Market: GLB underperformed the Australian Market which returned -7% over the past year.
Shareholder returns
| GLB | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.0% | 8.4% | 4.0% |
| 30 Day | -1.7% | 19.0% | 12.2% |
| 90 Day | -19.3% | 6.9% | -2.5% |
| 1 Year | -21.0%-27.2% | 5.9%4.2% | -3.1%-7.0% |
| 3 Year | 60.7%27.8% | 37.5%29.6% | 19.0%3.3% |
| 5 Year | 51.9%7.5% | 45.0%32.1% | 33.9%5.0% |
Price Volatility Vs. Market
How volatile is Globe International's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
Have Insiders Been Buying Globe International Limited (ASX:GLB) Shares?2 months ago | Simply Wall St
Is There More To Globe International Limited (ASX:GLB) Than Its 7.7% Returns On Capital?3 months ago | Simply Wall St
Globe International Limited (ASX:GLB) Will Pay A AU$0.05 Dividend In 4 DaysValuation
Is Globe International undervalued compared to its fair value and its price relative to the market?
41.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GLB (A$1.15) is trading below our estimate of fair value (A$1.96)
Significantly Below Fair Value: GLB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GLB is good value based on its PE Ratio (6.1x) compared to the Luxury industry average (12.9x).
PE vs Market: GLB is good value based on its PE Ratio (6.1x) compared to the Australian market (16x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GLB's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GLB is overvalued based on its PB Ratio (1.1x) compared to the XX Luxury industry average (0.8x).
Next Steps
Future Growth
How is Globe International forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
16.9%
Forecasted Consumer Durables industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Globe International has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine whether Globe International is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Globe International competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
Past Performance
How has Globe International performed over the past 5 years?
35.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GLB has a large one-off gain of A$3.7M impacting its December 31 2019 financial results.
Growing Profit Margin: GLB's current net profit margins (4.9%) are lower than last year (6%).
Past Earnings Growth Analysis
Earnings Trend: GLB has become profitable over the past 5 years, growing earnings by 35.5% per year.
Accelerating Growth: GLB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GLB had negative earnings growth (-15.9%) over the past year, making it difficult to compare to the Luxury industry average (-0.8%).
Return on Equity
High ROE: GLB's Return on Equity (17.7%) is considered low.
Next Steps
Financial Health
How is Globe International's financial position?
Financial Position Analysis
Short Term Liabilities: GLB's short term assets (A$63.9M) exceed its short term liabilities (A$29.0M).
Long Term Liabilities: GLB's short term assets (A$63.9M) exceed its long term liabilities (A$8.9M).
Debt to Equity History and Analysis
Debt Level: GLB's debt to equity ratio (3.2%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if GLB's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: GLB's debt is well covered by operating cash flow (463%).
Interest Coverage: GLB's interest payments on its debt are well covered by EBIT (6.4x coverage).
Balance Sheet
Next Steps
Dividend
What is Globe International's current dividend yield, its reliability and sustainability?
10.43%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GLB's dividend (10.43%) is higher than the bottom 25% of dividend payers in the Australian market (2.47%).
High Dividend: GLB's dividend (10.43%) is in the top 25% of dividend payers in the Australian market (6.45%)
Stability and Growth of Payments
Stable Dividend: GLB's dividend payments have been volatile in the past 10 years.
Growing Dividend: GLB's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (63.6%), GLB's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
15.7yrs
Average management tenure
CEO
Matt Hill
15.75yrs
Tenure
AU$1,486,863
Compensation
Mr. Matthew Patrick Hill, also known as Matt, has been the Chief Executive Officer of Globe International Ltd., since September 16, 2004. Mr. Hill serves as Global Strategic Development of Osata Enterprise ...
CEO Compensation Analysis
Compensation vs Market: Matt's total compensation ($USD1.04M) is above average for companies of similar size in the Australian market ($USD261.07K).
Compensation vs Earnings: Matt's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 15.75yrs | AU$1.49m | 8.43% A$4.0m | |
| Co-Founder & Executive Director | no data | AU$409.31k | 29.99% A$14.3m | |
| Co-Founder & Executive Director | no data | AU$410.53k | 30.51% A$14.6m | |
| Chief Financial Officer | no data | AU$510.53k | 0.0024% A$1.1k | |
| COO & President of North America | 9.25yrs | AU$573.79k | 0.060% A$28.7k | |
| President of Global Product | no data | AU$430.53k | 0.28% A$135.1k | |
| President of Australasia | 10.33yrs | AU$560.53k | no data | |
| Vice President of Marketing | no data | AU$266.35k | no data | |
| Company Secretary & Financial Controller | 15.58yrs | AU$165.55k | no data | |
| Vice President of North American Sales | no data | AU$243.28k | no data |
15.7yrs
Average Tenure
57yo
Average Age
Experienced Management: GLB's management team is seasoned and experienced (15.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Globe International Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Globe International Limited
- Ticker: GLB
- Exchange: ASX
- Founded: 1984
- Industry: Apparel, Accessories and Luxury Goods
- Sector: Consumer Durables
- Market Cap: AU$47.683m
- Shares outstanding: 41.46m
- Website: https://www.globecorporate.com
Location
- Globe International Limited
- 1 Fennell Street
- Port Melbourne
- Victoria
- 3207
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GLB | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | May 2001 |
| GLB | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | May 2001 |
Biography
Globe International Limited, together with its subsidiaries, designs, produces, and distributes purpose-built apparel, footwear, and skateboard hard goods for the board sports, street fashion, and work wear markets in Australia, North America, Europe, and internationally. The company markets its products under various proprietary brands, such as Globe, Salty Crew, FXD, Almost, enjoi, Girl, Flip, Chocolate, Thrasher, Lakai, and Impala Rollerskates. It also licenses and distributes third party brands, such as Stüssy, Obey, M/SF/T, XLarge, Pro-Tec, and Hardcore. The company offers its products directly and through third party distributors, as well as through retail stores. Globe International Limited was founded in 1984 and is based in Port Melbourne, Australia.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/06 10:35 |
| End of Day Share Price | 2020/06/02 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/06/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.