ASX:GLE

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

GLG Corp Ltd manufactures and supplies fabrics and garments worldwide.


Snowflake Analysis

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.


Market Performance


7 Day Return

0%

GLE

4.8%

AU Luxury

2.7%

AU Market


1 Year Return

n/a

GLE

2.5%

AU Luxury

-6.6%

AU Market

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.


Shareholder returns

GLEIndustryMarket
7 Day0%4.8%2.7%
30 Day-16.7%15.5%12.2%
90 Dayn/a4.2%-2.8%
1 Yearn/a4.3%2.5%-2.7%-6.6%
3 Yearn/a34.4%26.7%18.2%2.6%
5 Year-50.0%-50.0%41.4%28.7%33.2%4.4%

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

Valuation

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

0.1x

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).


Next Steps

Future Growth

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

17.0%

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.


Next Steps

Past Performance

How has GLG performed over the past 5 years?

-24.9%

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.


Next Steps

Financial Health

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.


Balance Sheet


Next Steps

Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.08yrs

Average management tenure


CEO

Estina Ang (66yo)

4.75yrs

Tenure

US$582,320

Compensation

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.


Leadership Team

NamePositionTenureCompensationOwnership
Suan Hong Ang
Founder4.75yrsUS$582.32kno data
Felicia Gan Peiling
Deputy CEO & Executive Director4.75yrsUS$193.58k3% $222.2k
Susan Yong
Chief Supply Chain Officerno dataUS$179.81kno data
Victoria Yong
Chief Financial Officer0.33yrno datano data
Kim Lee
Senior Vice President of Manufacturing0.083yrUS$99.93kno data
Kar Tan
Senior Vice President of Procurement & Manufacturing0.083yrUS$88.16kno data
Kwak Lee
Chief Merchandising Officer0.083yrno datano data

0.08yrs

Average Tenure

Experienced Management: GLE's management team is not considered experienced ( 0.1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Suan Hong Ang
Founder4.75yrsUS$582.32kno data
Felicia Gan Peiling
Deputy CEO & Executive Director4.75yrsUS$193.58k3% $222.2k
Grant Hummel
Independent Director1.5yrsUS$17.24kno data
Peter Tan
Independent Director0.67yrno datano data

1.5yrs

Average Tenure

Experienced Board: GLE's board of directors are not considered experienced ( 1.5 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 company bio, employee growth, exchange listings and data sources


Key Information

  • Name: GLG Corp Ltd
  • Ticker: GLE
  • Exchange: ASX
  • Founded:
  • 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


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GLEASX (Australian Securities Exchange)YesOrdinary SharesAUAUDDec 2005

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 10:35
End of Day Share Price2020/05/13 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


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.