ASX:GLB

Stock Analysis Report

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Market Cap

AU$251.3m

Last Updated

2021/08/05 15:30 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. More Details


Snowflake Analysis

Flawless balance sheet with outstanding track record.

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 is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: GLB's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

6.1%

GLB

3.3%

AU Luxury

1.1%

AU Market


1 Year Return

317.9%

GLB

71.9%

AU Luxury

26.8%

AU Market

Return vs Industry: GLB exceeded the Australian Luxury industry which returned 71.9% over the past year.

Return vs Market: GLB exceeded the Australian Market which returned 26.8% over the past year.


Shareholder returns

GLBIndustryMarket
7 Day6.1%3.3%1.1%
30 Day6.7%4.1%3.4%
90 Day27.6%15.3%5.7%
1 Year343.3%317.9%73.8%71.9%31.5%26.8%
3 Year449.9%348.9%80.7%71.8%35.1%18.7%
5 Year539.6%352.2%158.1%135.8%67.5%35.0%

Long-Term 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

Valuation

Is Globe International undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GLB (A$6.06) is trading below our estimate of fair value (A$144.36)

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 (14.4x) compared to the Global Luxury industry average (18.9x).

PE vs Market: GLB is good value based on its PE Ratio (14.4x) compared to the Australian market (20.4x).


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 (4.6x) compared to the XX Luxury industry average (1.2x).


Future Growth

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

15.1%

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.


Past Performance

How has Globe International performed over the past 5 years?

20.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GLB has high quality earnings.

Growing Profit Margin: GLB's current net profit margins (8.8%) are higher than last year (4.9%).


Past Earnings Growth Analysis

Earnings Trend: GLB's earnings have grown significantly by 20% per year over the past 5 years.

Accelerating Growth: GLB's earnings growth over the past year (123.8%) exceeds its 5-year average (20% per year).

Earnings vs Industry: GLB earnings growth over the past year (123.8%) exceeded the Luxury industry 9.9%.


Return on Equity

High ROE: GLB's Return on Equity (32%) is considered high.


Financial Health

How is Globe International's financial position?


Financial Position Analysis

Short Term Liabilities: GLB's short term assets (A$97.1M) exceed its short term liabilities (A$49.0M).

Long Term Liabilities: GLB's short term assets (A$97.1M) exceed its long term liabilities (A$3.4M).


Debt to Equity History and Analysis

Debt Level: GLB's debt to equity ratio (2.4%) is considered satisfactory.

Reducing Debt: GLB's debt to equity ratio has reduced from 16% to 2.4% over the past 5 years.

Debt Coverage: GLB's debt is well covered by operating cash flow (2744.9%).

Interest Coverage: GLB's interest payments on its debt are well covered by EBIT (40.6x coverage).


Balance Sheet


Dividend

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

2.97%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GLB's dividend (2.97%) is higher than the bottom 25% of dividend payers in the Australian market (1.96%).

High Dividend: GLB's dividend (2.97%) is low compared to the top 25% of dividend payers in the Australian market (4.96%).


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 reasonably low payout ratio (42.7%), GLB's dividend payments are well 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?

18.8yrs

Average management tenure


CEO

Matt Hill

16.92yrs

Tenure

AU$1,223,817

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 ($USD902.05K) is above average for companies of similar size in the Australian market ($USD460.17K).

Compensation vs Earnings: Matt's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: GLB's management team is seasoned and experienced (18.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: GLB 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$251.271m
  • Shares outstanding: 41.46m
  • Website: https://www.globecorporate.com

Location

  • Globe International Limited
  • 1 Fennell Street
  • Port Melbourne
  • Victoria
  • 3207
  • Australia

Listings


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 wea...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/05 15:30
End of Day Share Price2021/08/05 00:00
Earnings2020/12/31
Annual Earnings2020/06/30


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.