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Globe International

ASX:GLB
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GLB
ASX
A$71M
Market Cap
  1. Home
  2. AU
  3. Consumer Durables
Company description

Globe International Limited, together with its subsidiaries, produces and distributes purpose-built apparel, footwear, and skateboard hardgoods for the board sports, street fashion, and work wear markets. The last earnings update was 88 days ago. More info.


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  • Globe International has significant price volatility in the past 3 months.
GLB Share Price and Events
7 Day Returns
1.2%
ASX:GLB
0.7%
AU Luxury
1.1%
AU Market
1 Year Returns
17.9%
ASX:GLB
2.3%
AU Luxury
2.6%
AU Market
GLB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Globe International (GLB) 1.2% -1.2% -25.3% 17.9% 42.5% 280%
AU Luxury 0.7% 1% 17.5% 2.3% 41.8% 75.1%
AU Market 1.1% 1.6% 4.1% 2.6% 17.9% 7.7%
1 Year Return vs Industry and Market
  • GLB outperformed the Luxury industry which returned 2.3% over the past year.
  • GLB outperformed the Market in Australia which returned 2.6% over the past year.
Price Volatility
GLB
Industry
5yr Volatility vs Market

Value

 Is Globe International undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Globe International to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Globe International.

ASX:GLB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.2%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:GLB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.72 (1 + (1- 30%) (0%))
0.812
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.81
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.812 * 5.96%)
7.15%

Discounted Cash Flow Calculation for ASX:GLB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Globe International is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:GLB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 7.15%)
2019 0.19 Est @ -51.54% 0.17
2020 0.12 Est @ -35.38% 0.10
2021 0.09 Est @ -24.07% 0.07
2022 0.08 Est @ -16.16% 0.06
2023 0.07 Est @ -10.62% 0.05
2024 0.06 Est @ -6.74% 0.04
2025 0.06 Est @ -4.02% 0.04
2026 0.06 Est @ -2.12% 0.03
2027 0.06 Est @ -0.79% 0.03
2028 0.06 Est @ 0.14% 0.03
Present value of next 10 years cash flows A$0.63
ASX:GLB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$0.06 × (1 + 2.31%) ÷ (7.15% – 2.31%)
A$1.26
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$1.26 ÷ (1 + 7.15%)10
A$0.63
ASX:GLB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$0.63 + A$0.63
A$1.26
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$1.26 / 41.46
A$0.03
ASX:GLB Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.03
Current discount Discount to share price of A$1.71
= -1 x (A$1.71 - A$0.03) / A$0.03
-5515.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Globe International is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Globe International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Globe International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:GLB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.22
ASX:GLB Share Price ** ASX (2019-05-20) in AUD A$1.71
Global Luxury Industry PE Ratio Median Figure of 430 Publicly-Listed Luxury Companies 12.59x
Australia Market PE Ratio Median Figure of 542 Publicly-Listed Companies 15.99x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Globe International.

ASX:GLB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:GLB Share Price ÷ EPS (both in AUD)

= 1.71 ÷ 0.22

7.63x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Globe International is good value based on earnings compared to the Global Luxury industry average.
  • Globe International is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does Globe International's expected growth come at a high price?
Raw Data
ASX:GLB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.63x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-11.7%per year
Global Luxury Industry PEG Ratio Median Figure of 116 Publicly-Listed Luxury Companies 1.31x
Australia Market PEG Ratio Median Figure of 359 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Globe International, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Globe International's assets?
Raw Data
ASX:GLB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$1.05
ASX:GLB Share Price * ASX (2019-05-20) in AUD A$1.71
Australia Luxury Industry PB Ratio Median Figure of 6 Publicly-Listed Luxury Companies 0.22x
Australia Market PB Ratio Median Figure of 1,676 Publicly-Listed Companies 1.65x
ASX:GLB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:GLB Share Price ÷ Book Value per Share (both in AUD)

= 1.71 ÷ 1.05

1.63x

* Primary Listing of Globe International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Globe International is overvalued based on assets compared to the AU Luxury industry average.
X
Value checks
We assess Globe International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Globe International has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Globe International expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Globe International, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-11.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Globe International expected to grow at an attractive rate?
  • Globe International's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Globe International's earnings are expected to decrease over the next 1-3 years, this is below the Australia market average.
  • Unable to compare Globe International's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:GLB Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:GLB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -11.7%
Australia Luxury Industry Earnings Growth Rate Market Cap Weighted Average -4.6%
Global Luxury Industry Revenue Growth Rate Market Cap Weighted Average 7.7%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.9%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:GLB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:GLB Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 156 2 9
2018-09-30 152 6 9
2018-06-30 148 11 8
2018-03-31 144 10 7
2017-12-31 140 9 6
2017-09-30 140 10 6
2017-06-30 140 11 5
2017-03-31 141 10 5
2016-12-31 142 10 4
2016-09-30 147 3 5
2016-06-30 151 -3 5
2016-03-31 151 -4 5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Globe International's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Globe International is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:GLB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Globe International Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:GLB Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.22
2018-09-30 0.21
2018-06-30 0.20
2018-03-31 0.17
2017-12-31 0.14
2017-09-30 0.13
2017-06-30 0.12
2017-03-31 0.11
2016-12-31 0.10
2016-09-30 0.11
2016-06-30 0.11
2016-03-31 0.12

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Globe International will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Globe International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Globe International has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Globe International performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Globe International's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Globe International has delivered over 20% year on year earnings growth in the past 5 years.
  • Globe International's 1-year earnings growth is less than its 5-year average (55% vs 59.1%)
  • Globe International's earnings growth has exceeded the Global Luxury industry average in the past year (55% vs 14.6%).
Earnings and Revenue History
Globe International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Globe International Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:GLB Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 155.62 9.29 62.90
2018-09-30 151.67 8.87 61.90
2018-06-30 147.73 8.44 60.90
2018-03-31 143.86 7.22 59.80
2017-12-31 140.00 5.99 58.70
2017-09-30 140.24 5.54 58.49
2017-06-30 140.48 5.08 58.27
2017-03-31 141.44 4.71 57.99
2016-12-31 142.40 4.33 57.71
2016-09-30 146.61 4.54 58.88
2016-06-30 150.82 4.74 60.05
2016-03-31 150.75 4.89 60.33
2015-12-31 150.68 5.04 60.61
2015-09-30 144.22 4.38 58.97
2015-06-30 137.76 3.72 57.33
2015-03-31 128.21 -3.91 54.90
2014-12-31 118.65 -11.54 52.47
2014-09-30 111.33 -11.92 49.13
2014-06-30 104.01 -12.30 45.78
2014-03-31 97.74 -8.80 44.84
2013-12-31 91.48 -5.29 43.90
2013-09-30 87.83 -5.62 42.85
2013-06-30 84.17 -5.96 41.81
2013-03-31 85.05 -3.26 39.96
2012-12-31 85.92 -0.55 38.12
2012-09-30 85.20 -0.24 37.91
2012-06-30 84.47 0.06 37.71

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Globe International has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Globe International used its assets more efficiently than the Global Luxury industry average last year based on Return on Assets.
  • Globe International has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Globe International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Globe International has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Globe International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Globe International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Globe International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Globe International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Globe International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Globe International has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Globe International Company Filings, last reported 4 months ago.

ASX:GLB Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 43.50 0.00 9.87
2018-09-30 43.50 0.00 9.87
2018-06-30 41.05 0.00 16.80
2018-03-31 41.05 0.00 16.80
2017-12-31 36.80 0.00 13.57
2017-09-30 36.80 0.00 13.57
2017-06-30 35.23 0.00 10.81
2017-03-31 35.23 0.00 10.81
2016-12-31 34.92 4.59 13.70
2016-09-30 34.92 4.59 13.70
2016-06-30 33.01 4.95 9.02
2016-03-31 33.01 4.95 9.02
2015-12-31 32.93 5.28 7.30
2015-09-30 32.93 5.28 7.30
2015-06-30 31.28 0.00 10.30
2015-03-31 31.28 0.00 10.30
2014-12-31 30.19 0.00 8.91
2014-09-30 30.19 0.00 8.91
2014-06-30 26.43 1.47 9.61
2014-03-31 26.43 1.47 9.61
2013-12-31 40.56 2.44 11.55
2013-09-30 40.56 2.44 11.55
2013-06-30 39.07 0.00 6.41
2013-03-31 39.07 0.00 6.41
2012-12-31 43.26 0.00 8.88
2012-09-30 43.26 0.00 8.88
2012-06-30 45.00 0.00 10.16
  • Globe International has no debt.
  • Globe International has no debt compared to 5 years ago when it was 6%.
  • Globe International has no debt, it does not need to be covered by operating cash flow.
  • Globe International has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Globe International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Globe International has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Globe International's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.02%
Current annual income from Globe International dividends.
If you bought A$2,000 of Globe International shares you are expected to receive A$140 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Globe International's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.65%).
  • Globe International's dividend is above the markets top 25% of dividend payers in Australia (5.83%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:GLB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Global Luxury Industry Average Dividend Yield Market Cap Weighted Average of 236 Stocks 1.7%
Australia Market Average Dividend Yield Market Cap Weighted Average of 415 Stocks 4.3%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.6%
Australia Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:GLB Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-25 0.120 6.968
2018-08-23 0.120 5.415
2018-02-22 0.100 7.617
2017-08-22 0.100 8.936
2017-02-22 0.060 6.445
2016-08-23 0.060 5.702
2015-08-21 0.080 6.083
2015-02-27 0.060 5.523
2014-02-26 0.000 0.000
2013-08-26 0.000 0.000
2012-08-21 0.025 6.338
2011-08-18 0.050 13.126
2010-08-26 0.050 9.296

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Globe International has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Globe International only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Globe International's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Globe International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Globe International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Globe International has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Globe International's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Matt Hill
COMPENSATION A$1,503,560
TENURE AS CEO 14.7 years
CEO Bio

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 Enterprises Inc., a Controlled Entity of Globe International Ltd. Mr. Hill has spent the past 10 years in Los Angeles where he established Globe North America and headed the group's strategic development in the US. He started in the warehouse, came up through marketing, promotions, sales and product and then onto managerial roles - spending six years with Globe International in Australia before setting off to the US in 1995. Mr. Hill's brothers Stephen and Peter joined the BRW rich list when they crystallised their teenage passion for skateboarding into a $400 million fortune by listing Globe on the Australian Stock Exchange in May, 2001.

CEO Compensation
  • Matt's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Matt's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure

Average tenure and age of the Globe International management team in years:

14.6
Average Tenure
56
Average Age
  • The average tenure for the Globe International management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Matt Hill

TITLE
Chief Executive Officer
COMPENSATION
A$2M
TENURE
14.7 yrs

Peter Hill

TITLE
Co-Founder & Executive Director
COMPENSATION
A$409K
AGE
54
TENURE
34.3 yrs

Stephen Hill

TITLE
Co-Founder & Executive Director
COMPENSATION
A$410K
AGE
56
TENURE
34.3 yrs

Jessica Moelands

TITLE
Chief Financial Officer
COMPENSATION
A$474K

Gary Valentine

TITLE
COO & President of North America
COMPENSATION
A$589K
TENURE
8.2 yrs

Matt Wong

TITLE
President of Global Product
COMPENSATION
A$403K

Jon Moses

TITLE
President of Australasia
COMPENSATION
A$578K
TENURE
9.3 yrs

Steve Douglas

TITLE
Vice President of Marketing
COMPENSATION
A$266K

Gerhard Correa

TITLE
Company Secretary & Financial Controller
COMPENSATION
A$166K
AGE
57
TENURE
14.5 yrs

John Sherwood

TITLE
Vice President of North American Sales
COMPENSATION
A$243K
Board of Directors

Norman O’Bryan

TITLE
Chairman of Board
AGE
60
TENURE
0.5 yrs

Peter Hill

TITLE
Co-Founder & Executive Director
COMPENSATION
A$409K
AGE
54

Stephen Hill

TITLE
Co-Founder & Executive Director
COMPENSATION
A$410K
AGE
56
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
24. Aug 18 Buy Stephen Hill Individual 23. Aug 18 23. Aug 18 19,500 A$1.52 A$29,640
X
Management checks
We assess Globe International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Globe International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does Globe International Limited's (ASX:GLB) CEO Salary Reflect Performance?

Check out our latest analysis for Globe International How Does Matt Hill's Compensation Compare With Similar Sized Companies? … At the time of writing our data says that Globe International Limited has a market cap of AU$71m, and is paying total annual CEO compensation of AU$1.5m. … We compared total CEO remuneration at Globe International Limited with the amount paid at companies with a similar market capitalization.

Simply Wall St -

Why Globe International Limited (ASX:GLB) Could Be Your Next Investment

Help shape the future of investing tools and you could win a $250 gift card! … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … is a company with great financial health as well as a

Simply Wall St -

Can Globe International Limited's (ASX:GLB) ROE Continue To Surpass The Industry Average?

Globe International has a ROE of 21%, based on the last twelve months. … That means that for every A$1 worth of shareholders' equity, it generated A$0.21 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

If You Like EPS Growth Then Check Out Globe International (ASX:GLB) Before It's Too Late

If, on the other hand, you like companies that have revenue, and even earn profits, then you may well be interested in Globe International (ASX:GLB). … How Quickly Is Globe International Increasing Earnings Per Share. … I like to take a look at earnings before interest and (EBIT) tax margins, as well as revenue growth, to get another take on the quality of the company's growth.

Simply Wall St -

Globe International Limited (ASX:GLB) Is Employing Capital Very Effectively

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … The formula for calculating the return on capital employed is:

Simply Wall St -

How Does Globe International Limited (ASX:GLB) Fare As A Dividend Stock?

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Historically, Globe International Limited (ASX:GLB) has been paying a dividend to shareholders. … Let's dig deeper into whether Globe International should have a place in your portfolio.

Simply Wall St -

Did You Miss Globe International's Whopping 574% Share Price Gain?

During the five years of share price growth, Globe International moved from a loss to profitability. … We can see that the Globe International share price is up 80% in the last three years. … This EPS growth is higher than the 22% average annual increase in the share price over the same three years.

Simply Wall St -

Does Globe International Limited (ASX:GLB) Have A Good P/E Ratio?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … Based on the last twelve months, Globe International's P/E ratio is 11.3. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

A Closer Look At Globe International Limited's (ASX:GLB) Impressive ROE

Our data shows Globe International has a return on equity of 21% for the last year. … One way to conceptualize this, is that for each A$1 of shareholders' equity it has, the company made A$0.21 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Can We See Significant Insider Ownership On The Globe International Limited (ASX:GLB) Share Register?

The big shareholder groups in Globe International Limited (ASX:GLB) have power over the company. … With a market capitalization of AU$95m, Globe International is a small cap stock, so it might not be well known by many institutional investors. … View our latest analysis for Globe International

Simply Wall St -

Company Info

Description

Globe International Limited, together with its subsidiaries, produces and distributes purpose-built apparel, footwear, and skateboard hardgoods for the board sports, street fashion, and work wear markets. The company markets its products under various proprietary brands, such as Globe, Salty Crew, FXD, Dwindle, Almost, Enjoi, Blind, Darkstar, Tensor, Dusters, and Impala Skates. It also licenses and distributes third party brands, such as Stüssy, Obey, M/SF/T, XLarge, Andalé, Kryptonics, Pro-Tec, and Hardcore. The company offers its products directly and through third party distributors, as well as through Globe branded retail stores in approximately 100 countries. Globe International Limited was founded in 1984 and is based in Port Melbourne, Australia.

Details
Name: Globe International Limited
GLB
Exchange: ASX
Founded: 1984
A$70,903,128
41,463,818
Website: http://www.globecorporate.com
Address: Globe International Limited
1 Fennell Street,
Port Melbourne,
Victoria, 3207,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX GLB Ordinary Shares Australian Securities Exchange AU AUD 28. May 2001
Number of employees
Current staff
Staff numbers
0
Globe International employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 10:33
End of day share price update: 2019/05/20 00:00
Last earnings filing: 2019/02/21
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.