GLG Corp Ltd manufactures and supplies fabrics and garments worldwide.
Imperfect balance sheet and overvalued.
Share Price & News
How has GLG's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GLE has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: Insufficient data to determine how GLE performed against the Australian Luxury industry.
Return vs Market: Insufficient data to determine how GLE performed against the Australian Market.
Price Volatility Vs. Market
How volatile is GLG's share price compared to the market and industry in the last 5 years?
Simply Wall St News
10 months ago | Simply Wall StIs GLG Corp Ltd (ASX:GLE) Investing Your Capital Efficiently?
1 year ago | Simply Wall StYou Might Like GLG Corp Ltd (ASX:GLE) But Do You Like Its Debt?
1 year ago | Simply Wall StGLG Corp Ltd (ASX:GLE) Might Not Be A Great Investment
Is GLG undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate GLE's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate GLE's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: GLE is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.
PE vs Market: GLE is unprofitable, so we can't compare its PE Ratio to the Australian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GLE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GLE is good value based on its PB Ratio (0.1x) compared to the XX Luxury industry average (0.8x).
How is GLG forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 GLG 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.
- Take a look at our analysis of GLE’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- GLG competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
How has GLG performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GLE is currently unprofitable.
Growing Profit Margin: GLE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: GLE is unprofitable, and losses have increased over the past 5 years at a rate of -24.9% per year.
Accelerating Growth: Unable to compare GLE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GLE is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (-0.9%).
Return on Equity
High ROE: GLE has a negative Return on Equity (-1.12%), as it is currently unprofitable.
How is GLG's financial position?
Financial Position Analysis
Short Term Liabilities: GLE's short term assets ($108.0M) exceed its short term liabilities ($100.2M).
Long Term Liabilities: GLE's short term assets ($108.0M) exceed its long term liabilities ($19.0M).
Debt to Equity History and Analysis
Debt Level: GLE's debt to equity ratio (165.2%) is considered high.
Reducing Debt: GLE's debt to equity ratio has increased from 62.6% to 165.2% over the past 5 years.
Debt Coverage: GLE's debt is not well covered by operating cash flow (2.3%).
Interest Coverage: GLE is unprofitable, therefore interest payments are not well covered by earnings.
What is GLG's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GLE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GLE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if GLE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GLE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: GLE is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of GLE's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Estina Ang (66yo)
Ms. Suan Hong Ang, also known as Estina, is the Founder of Glg Corp. Limited and serves as its Executive Chairman and the Chief Executive Officer. Ms. Ang has over 25 years of experience in the textile and ...
CEO Compensation Analysis
Compensation vs Market: Estina's total compensation ($USD582.32K) is above average for companies of similar size in the Australian market ($USD261.38K).
Compensation vs Earnings: Estina's compensation has been consistent with company performance over the past year.
|Deputy CEO & Executive Director||4.75yrs||US$193.58k||3% $222.2k|
|Chief Supply Chain Officer||no data||US$179.81k||no data|
|Chief Financial Officer||0.33yr||no data||no data|
|Senior Vice President of Manufacturing||0.083yr||US$99.93k||no data|
|Senior Vice President of Procurement & Manufacturing||0.083yr||US$88.16k||no data|
|Chief Merchandising Officer||0.083yr||no data||no data|
Experienced Management: GLE's management team is not considered experienced ( 0.1 years average tenure), which suggests a new team.
|Deputy CEO & Executive Director||4.75yrs||US$193.58k||3% $222.2k|
|Independent Director||1.5yrs||US$17.24k||no data|
|Independent Director||0.67yr||no data||no data|
Experienced Board: GLE's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
GLG Corp Ltd's company bio, employee growth, exchange listings and data sources
- Name: GLG Corp Ltd
- Ticker: GLE
- Exchange: ASX
- Industry: Apparel, Accessories and Luxury Goods
- Sector: Consumer Durables
- Market Cap: AU$7.410m
- Shares outstanding: 74.10m
- Website: https://www.ghimli.com
Number of Employees
- GLG Corp Ltd
- 21 Jalan Mesin
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GLE||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Dec 2005|
GLG Corp Ltd manufactures and supplies fabrics and garments worldwide. It offers ready to wear, casual active, performance, sleepwear, menswear, children’s wear, and private label products. The company supplies its garments through marketing and manufacturing network primarily to retailers in the United States. The company is headquartered in Singapore. GLG Corp Ltd is a subsidiary of Ghim Li Group Pte Ltd.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/05 10:35|
|End of Day Share Price||2020/05/13 00:00|
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.