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GLE

GLGASX:GLE Stock Report

Market Cap

AU$21.5m

7D

0%

1Y

n/a

Updated

17 Oct, 2021

Data

Company Financials
GLE fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance1/6
Financial Health5/6
Dividends3/6

GLE Overview

GLG Corp Ltd engages in the manufacture and supply of knitwear and apparel worldwide.

Price History & Performance

Summary of all time highs, changes and price drops for GLG
Historical stock prices
Current Share PriceAU$0.29
52 Week HighAU$0.12
52 Week LowAU$0.66
Beta-0.042
1 Month Change-12.12%
3 Month Change-17.14%
1 Year Changen/a
3 Year Change114.82%
5 Year Change11.54%
Change since IPO-71.00%

Recent News & Updates

Aug 31
GLG's (ASX:GLE) Returns On Capital Are Heading Higher

GLG's (ASX:GLE) Returns On Capital Are Heading Higher

What are the early trends we should look for to identify a stock that could multiply in value over the long term...

May 16
Returns On Capital Are Showing Encouraging Signs At GLG (ASX:GLE)

Returns On Capital Are Showing Encouraging Signs At GLG (ASX:GLE)

What are the early trends we should look for to identify a stock that could multiply in value over the long term? One...

Shareholder Returns

GLEAU LuxuryAU Market
7D0%4.1%0.9%
1Yn/a39.9%20.2%

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

Is GLE's price volatile compared to industry and market?
GLE volatility
GLE Beta-0.042
Industry Beta0.94
Market Beta1

Stable Share Price: Insufficient data to determine GLE's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine GLE's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
2005n/aFelicia Ganhttps://www.ghimli.com

GLG Corp Ltd engages in the manufacture and supply of knitwear and apparel worldwide. It offers ready to wear, casual active, performance, sleepwear, menswear, children’s wear, private label, and ultra mask products. The company supplies its garments through marketing and manufacturing network primarily to retailers in the United States.

GLG Fundamentals Summary

How do GLG's earnings and revenue compare to its market cap?
GLE fundamental statistics
Market CapUS$15.95m
Earnings (TTM)US$2.26m
Revenue (TTM)US$183.80m

7.1x

P/E Ratio

0.09x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GLE income statement (TTM)
RevenueUS$183.80m
Cost of RevenueUS$150.71m
Gross ProfitUS$33.09m
ExpensesUS$30.83m
EarningsUS$2.26m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.031
Gross Margin18.00%
Net Profit Margin1.23%
Debt/Equity Ratio101.8%

How did GLE perform over the long term?

See historical performance and comparison

Dividends

9.3%

Current Dividend Yield

66%

Payout Ratio

Valuation

Is GLG 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: GLE (A$0.29) is trading below our estimate of fair value (A$0.95)

Significantly Below Fair Value: GLE is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: GLE is good value based on its PE Ratio (7.1x) compared to the Global Luxury industry average (16x).

PE vs Market: GLE is good value based on its PE Ratio (7.1x) compared to the Australian market (19.8x).


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 (0.3x) compared to the XX Luxury industry average (1.2x).


Future Growth

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

15.8%

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.


Past Performance

How has GLG performed over the past 5 years?

-13.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GLE has high quality earnings.

Growing Profit Margin: GLE's current net profit margins (1.2%) are lower than last year (2.1%).


Past Earnings Growth Analysis

Earnings Trend: GLE's earnings have declined by 13.3% per year over the past 5 years.

Accelerating Growth: GLE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: GLE had negative earnings growth (-40.4%) over the past year, making it difficult to compare to the Luxury industry average (48.8%).


Return on Equity

High ROE: GLE's Return on Equity (4.1%) is considered low.


Financial Health

How is GLG's financial position?


Financial Position Analysis

Short Term Liabilities: GLE's short term assets ($92.3M) exceed its short term liabilities ($76.3M).

Long Term Liabilities: GLE's short term assets ($92.3M) exceed its long term liabilities ($19.4M).


Debt to Equity History and Analysis

Debt Level: GLE's debt to equity ratio (101.8%) is considered high.

Reducing Debt: GLE's debt to equity ratio has reduced from 117.3% to 101.8% over the past 5 years.

Debt Coverage: GLE's debt is well covered by operating cash flow (35.6%).

Interest Coverage: GLE's interest payments on its debt are well covered by EBIT (4.9x coverage).


Balance Sheet


Dividend

What is GLG current dividend yield, its reliability and sustainability?

9.29%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GLE's dividend (9.29%) is higher than the bottom 25% of dividend payers in the Australian market (2.27%).

High Dividend: GLE's dividend (9.29%) is in the top 25% of dividend payers in the Australian market (5.32%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether GLE's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if GLE's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (65.5%), GLE'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?

0.7yrs

Average management tenure


CEO

Felicia Gan

0.25

Tenure

US$345,259

Compensation

Ms. Peiling Gan, also known as Felicia, has been the Chief Executive Officer of GLG Corp Ltd. since July 1, 2021 and has been its Executive Director since September 15, 2015. Ms. Gan served as Deputy Chief...


CEO Compensation Analysis

Compensation vs Market: Felicia's total compensation ($USD345.26K) is about average for companies of similar size in the Australian market ($USD302.72K).

Compensation vs Earnings: Felicia's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: GLE's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.


Board Members

Experienced Board: GLE's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

GLG Corp Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: GLG Corp Ltd
  • Ticker: GLE
  • Exchange: ASX
  • Founded: 2005
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: AU$21.489m
  • Shares outstanding: 74.10m
  • Website: https://www.ghimli.com

Number of Employees


Location

  • GLG Corp Ltd
  • 21 Jalan Mesin
  • Singapore
  • 368819
  • Singapore

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 07:04
End of Day Share Price2021/10/11 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.