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GLG

ASX:GLE
Snowflake Description

Undervalued with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GLE
ASX
A$11M
Market Cap
  1. Home
  2. AU
  3. Consumer Durables
Company description

GLG Corp Ltd manufactures and supplies knitwear/apparel worldwide. The last earnings update was 91 days ago. More info.


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  • GLG has significant price volatility in the past 3 months.
GLE Share Price and Events
7 Day Returns
0%
ASX:GLE
1.8%
AU Luxury
2.5%
AU Market
1 Year Returns
-18.9%
ASX:GLE
-0.3%
AU Luxury
5%
AU Market
GLE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
GLG (GLE) 0% 36.4% 36.4% -18.9% - -34.8%
AU Luxury 1.8% 2% -3.9% -0.3% 42.6% 77.1%
AU Market 2.5% 2.4% 4.8% 5% 19.3% 8.7%
1 Year Return vs Industry and Market
  • GLE underperformed the Luxury industry which returned -0.3% over the past year.
  • GLE underperformed the Market in Australia which returned 5% over the past year.
Price Volatility
GLE
Industry
5yr Volatility vs Market

GLE Value

 Is GLG 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 GLG 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 GLG.

ASX:GLE 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 14.2%
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:GLE
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 0.71
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.715 (1 + (1- 17%) (976.19%))
4.69
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (2 * 5.96%)
14.23%

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

The calculations below outline how an intrinsic value for GLG 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:GLE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 14.23%)
2019 7.01 Est @ 52.43% 6.13
2020 9.63 Est @ 37.39% 7.38
2021 12.21 Est @ 26.87% 8.19
2022 14.59 Est @ 19.5% 8.57
2023 16.69 Est @ 14.34% 8.58
2024 18.48 Est @ 10.74% 8.32
2025 20.00 Est @ 8.21% 7.88
2026 21.28 Est @ 6.44% 7.34
2027 22.39 Est @ 5.2% 6.76
2028 23.36 Est @ 4.33% 6.18
Present value of next 10 years cash flows $75.33
ASX:GLE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $23.36 × (1 + 2.31%) ÷ (14.23% – 2.31%)
$200.52
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $200.52 ÷ (1 + 14.23%)10
$53.00
ASX:GLE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $75.33 + $53.00
$128.33
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $128.33 / 74.10
$1.73
ASX:GLE Discount to Share Price
Calculation Result
Exchange Rate USD/AUD
(Reporting currency to currency of ASX:GLE)
1.45
Value per Share
(AUD)
= Value per Share in USD x Exchange Rate (USD/AUD)
= $1.73 x 1.45
A$2.51
Value per share (AUD) From above. A$2.51
Current discount Discount to share price of A$0.15
= -1 x (A$0.15 - A$2.51) / A$2.51
94%

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

Current Discount
Amount off the current price GLG is available for.
Intrinsic value
>50%
Share price is A$0.15 vs Future cash flow value of A$2.51
Current Discount Checks
For GLG to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • GLG's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • GLG's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 GLG's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are GLG's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:GLE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.03
ASX:GLE Share Price ** ASX (2019-05-08) in AUD A$0.15
ASX:GLE Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.69 $0.1
Global Luxury Industry PE Ratio Median Figure of 432 Publicly-Listed Luxury Companies 12.61x
Australia Market PE Ratio Median Figure of 542 Publicly-Listed Companies 16.39x

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

** Primary Listing of GLG.

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

= ASX:GLE Share Price ÷ EPS (both in USD)

= 0.1 ÷ 0.03

3.93x

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

  • GLG is good value based on earnings compared to the Global Luxury industry average.
  • GLG is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does GLG's expected growth come at a high price?
Raw Data
ASX:GLE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.93x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
17.3%per year
Global Luxury Industry PEG Ratio Median Figure of 116 Publicly-Listed Luxury Companies 1.3x
Australia Market PEG Ratio Median Figure of 358 Publicly-Listed Companies 1.43x

*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 GLG, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on GLG's assets?
Raw Data
ASX:GLE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.70
ASX:GLE Share Price * ASX (2019-05-08) in AUD A$0.15
ASX:GLE Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.69 $0.1
Australia Luxury Industry PB Ratio Median Figure of 6 Publicly-Listed Luxury Companies 0.21x
Australia Market PB Ratio Median Figure of 1,680 Publicly-Listed Companies 1.66x
ASX:GLE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:GLE Share Price ÷ Book Value per Share (both in USD)

= 0.1 ÷ 0.70

0.15x

* Primary Listing of GLG.

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

  • GLG is good value based on assets compared to the AU Luxury industry average.
X
Value checks
We assess GLG'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. GLG has a total score of 5/6, 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.

GLE Future Performance

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

  • No analysts cover GLG, 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
17.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is GLG expected to grow at an attractive rate?
  • GLG's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • GLG's earnings growth is expected to exceed the Australia market average.
  • Unable to compare GLG's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:GLE Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:GLE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 17.3%
Australia Luxury Industry Earnings Growth Rate Market Cap Weighted Average -4.7%
Global Luxury Industry Revenue Growth Rate Market Cap Weighted Average 7.5%
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:GLE 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 USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:GLE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 181 12 2
2018-09-30 181 9 2
2018-06-30 181 7 2
2018-03-31 177 2 3
2017-12-31 174 -2 4
2017-09-30 165 0 4
2017-06-30 156 1 4
2017-03-31 154 2 4
2016-12-31 152 2 4
2016-09-30 161 3 4
2016-06-30 171 3 5
2016-03-31 170 5 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • GLG's earnings are expected to grow by 17.3% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if GLG 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:GLE 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 GLG Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:GLE Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.03
2018-09-30 0.03
2018-06-30 0.03
2018-03-31 0.04
2017-12-31 0.05
2017-09-30 0.05
2017-06-30 0.06
2017-03-31 0.06
2016-12-31 0.06
2016-09-30 0.06
2016-06-30 0.07
2016-03-31 0.06

*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 GLG will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess GLG'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.
GLG has a total score of 2/6, 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.

GLE Past Performance

  How has GLG 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 GLG'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.
  • GLG's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • GLG's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • GLG's 1-year earnings growth is negative, it can't be compared to the Global Luxury industry average.
Earnings and Revenue History
GLG'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 GLG Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:GLE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 181.43 1.95 20.28
2018-09-30 181.02 2.17 19.07
2018-06-30 180.61 2.40 17.87
2018-03-31 177.20 3.17 17.12
2017-12-31 173.79 3.94 16.37
2017-09-30 164.91 4.07 15.16
2017-06-30 156.04 4.19 13.95
2017-03-31 153.89 4.14 14.64
2016-12-31 151.74 4.08 15.34
2016-09-30 161.38 4.45 15.72
2016-06-30 171.03 4.83 16.11
2016-03-31 169.59 4.34 14.58
2015-12-31 168.16 3.85 13.05
2015-09-30 174.14 3.50 12.63
2015-06-30 180.13 3.15 12.21
2015-03-31 196.34 3.31 12.32
2014-12-31 212.56 3.47 12.42
2014-09-30 219.23 3.75 12.74
2014-06-30 225.89 4.04 13.06
2014-03-31 227.17 4.00 13.69
2013-12-31 228.45 3.97 14.33
2013-09-30 228.93 3.54 15.37
2013-06-30 229.41 3.12 16.42
2013-03-31 226.49 4.12 16.57
2012-12-31 223.56 5.13 16.72
2012-09-30 229.88 6.33 16.15
2012-06-30 236.21 7.52 15.57

*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.
  • GLG has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • GLG used its assets less efficiently than the Global Luxury industry average last year based on Return on Assets.
  • GLG's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess GLG'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.
GLG has a total score of 0/6, 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.

GLE Health

 How is GLG'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 GLG's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • GLG is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • GLG's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of GLG'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.
  • Debt is covered by short term assets, assets are 1.6x debt.
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 GLG Company Filings, last reported 4 months ago.

ASX:GLE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 51.78 74.83 3.68
2018-09-30 51.78 74.83 3.68
2018-06-30 50.38 80.28 8.18
2018-03-31 50.38 80.28 8.18
2017-12-31 49.63 69.41 4.94
2017-09-30 49.63 69.41 4.94
2017-06-30 47.09 64.70 6.88
2017-03-31 47.09 64.70 6.88
2016-12-31 45.39 56.79 9.74
2016-09-30 45.39 56.79 9.74
2016-06-30 43.28 50.87 7.91
2016-03-31 43.28 50.87 7.91
2015-12-31 57.89 37.17 10.45
2015-09-30 57.89 37.17 10.45
2015-06-30 55.61 41.88 10.83
2015-03-31 55.61 41.88 10.83
2014-12-31 54.61 34.29 14.28
2014-09-30 54.61 34.29 14.28
2014-06-30 52.46 36.41 8.22
2014-03-31 52.46 36.41 8.22
2013-12-31 51.14 38.61 6.67
2013-09-30 51.14 38.61 6.67
2013-06-30 48.42 40.27 5.38
2013-03-31 48.42 40.27 5.38
2012-12-31 47.18 36.63 10.57
2012-09-30 47.18 36.63 10.57
2012-06-30 45.31 35.86 9.60
  • GLG's level of debt (144.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (75.4% vs 144.5% today).
  • Debt is not well covered by operating cash flow (15.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.7x coverage).
X
Financial health checks
We assess GLG'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. GLG has a total score of 3/6, 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.

GLE Dividends

 What is GLG'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
0%
Current annual income from GLG dividends.
If you bought A$2,000 of GLG shares you are expected to receive A$0 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?
  • Unable to evaluate GLG's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate GLG's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:GLE 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 238 Stocks 1.8%
Australia Market Average Dividend Yield Market Cap Weighted Average of 414 Stocks 4.2%
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 5.7%

Industry and Market average data is calculated daily.

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

ASX:GLE Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2009-09-14 0.000 0.000

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

  • Unable to perform a dividend volatility check as GLG has not reported any payouts.
  • Unable to verify if GLG's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of GLG's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as GLG has not reported any payouts.
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 GLG'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 GLG afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. GLG has a total score of 0/6, see the detailed checks below.


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

GLE Management

 What is the CEO of GLG'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
Estina Ang
COMPENSATION $593,733
AGE 65
TENURE AS CEO 3.7 years
CEO Bio

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 apparelindustry. She began her career in the industry in 1975, working for Polly Allied Knitwear Pte Ltd., a Singapore based apparel group. Ms. Ang also spear headed the Business’ expansion into USA, Guatemala and Hong Kong. She was also the Founder of GLIT Group, a key garment manufacturing supplier to GLG. She oversaw GLIT Group’s establishment of operations in Malaysia, Fiji, Brunei, Indonesia, Guatemala, China and Sri Lanka. She has been an Executive Director of Glg Corp Limited since 2005. She also oversaw the acquisition of Maxim Textile Technology Pte Ltd., a textile finishing company and a subsidiary of Ghim Li Group Pte Ltd. She graduated from Nanyang University in 1974 with a Bachelor of Arts degree and is a Member of the Singapore Institute of Directors.

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

Average tenure of the GLG management team in years:

3.3
Average Tenure
  • The tenure for the GLG management team is about average.
Management Team

Estina Ang

TITLE
Founder
COMPENSATION
$594K
AGE
65
TENURE
3.7 yrs

Shawn Fung

TITLE
CFO & Head of IT and Human Resources
COMPENSATION
$208K
TENURE
2.9 yrs

Susan Yong

TITLE
Executive Vice President of Operations
COMPENSATION
$169K

Felicia Gan Peiling

TITLE
Chief Marketing Officer & Executive Director
COMPENSATION
$233K
TENURE
3.7 yrs

Alistair Chong

TITLE
Company Secretary
TENURE
2.4 yrs
Board of Directors

Estina Ang

TITLE
Founder
COMPENSATION
$594K
AGE
65

Felicia Gan Peiling

TITLE
Chief Marketing Officer & Executive Director
COMPENSATION
$233K
TENURE
3.7 yrs

Christopher Chong

TITLE
Lead Independent Director
COMPENSATION
$43K
AGE
60

Grant Hummel

TITLE
Independent Director
TENURE
0.4 yrs
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$) Value (A$)
X
Management checks
We assess GLG'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. GLG 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.

GLE News

Simply Wall St News

You Might Like GLG Corp Ltd (ASX:GLE) But Do You Like Its Debt?

GLG Corp Ltd (ASX:GLE) is a small-cap stock with a market capitalization of AU$8.2m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is

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GLG Corp Ltd (ASX:GLE) Might Not Be A Great Investment

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

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Is GLG Corp Ltd (ASX:GLE) Excessively Paying Its CEO?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Estina Ang's Compensation Compare With Similar Sized Companies. … According to our data, GLG Corp Ltd has a market capitalization of AU$10m, and pays its CEO total annual compensation worth US$594k.

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What You Must Know About GLG Corp Ltd's (ASX:GLE) Financial Strength

While small-cap stocks, such as GLG Corp Ltd (ASX:GLE) with its market cap of US$10.37m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Assessing first and foremost the financial health is. … Here are few basic financial health checks you should consider before taking the plunge.

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With An ROE Of 7.94%, Can GLG Corp Ltd (ASX:GLE) Catch Up To The Industry?

GLG Corp Ltd (ASX:GLE) performed in line with its apparel, accessories and luxury goods industry on the basis of its ROE – producing a return of 7.94% relative to the peer average of 9.97% over the past 12 months. … But what is more interesting is whether GLE can sustain or improve on this level of return. … Metrics such as financial leverage can impact the level of ROE which in turn can affect the sustainability of GLE's returns

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Is GLG Corp Ltd (ASX:GLE) A Financially Sound Company?

Moreover, GLE has produced cash from operations of US$1.38M during the same period of time, resulting in an operating cash to total debt ratio of 2.13%, signalling that GLE’s operating cash is not sufficient to cover its debt. … With current liabilities at US$80.10M, the company has maintained a safe level of current assets to meet its obligations, with the current ratio last standing at 1.12x. … In GLE's, case, the ratio of 6.01x suggests that interest is appropriately covered, which means that lenders may be inclined to lend more money to the company, as it is seen as safe in terms of payback.Next Steps: At its current level of cash flow coverage, GLE has room for improvement to better cushion for events which may require debt repayment.

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Does GLG Corp Ltd's (ASX:GLE) -3.31% Earnings Drop Reflect A Longer Term Trend?

View our latest analysis for GLG Commentary On GLE's Past Performance I like to use data from the most recent 12 months, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … Viewing growth from a sector-level, the Australian luxury industry has been enduring some headwinds over the previous couple of years, leading to an average earnings drop of -3.31% in the most recent year.What does this mean? … NB: Figures in this article are calculated using data from the trailing twelve months from 31 December 2017.

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What Should Investors Know About GLG Corp Ltd's (ASX:GLE) Capital Returns?

This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … A good metric to use is return on capital employed (ROCE), which helps us gauge how much income can be created from the funds needed to operate the business. … I have calculated GLG’s ROCE for you below: ROCE Calculation for GLE Return on Capital Employed (ROCE) = Earnings Before Tax (EBT) ÷ (Capital Employed) Capital Employed = (Total Assets - Current Liabilities) ∴ ROCE = US$4.60M ÷ (US$152.46M - US$91.79M) = 7.59% The calculation above shows that GLE’s earnings were 7.59% of capital employed.

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What You Must Know About GLG Corp Ltd's (ASX:GLE) Major Investors

See our latest analysis for GLG ASX:GLE Ownership_summary Apr 20th 18 Institutional Ownership Due to the big order sizes of institutional investors, a company's shares can experience large, one-sided momentum, driven by high volume of shares removed from, or injected into, the market. … With this size of ownership in GLE, this ownership class can affect the company's business strategy. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.Next Steps: Institutional ownership in GLE is not at a level that would concern investors.

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Why GLG Corp Ltd (ASX:GLE) Delivered An Inferior ROE Compared To The Industry

Check out our latest analysis for GLG Breaking down Return on Equity Return on Equity (ROE) is a measure of GLG’s profit relative to its shareholders’ equity. … ROE can be split up into three useful ratios: net profit margin, asset turnover, and financial leverage. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity ASX:GLE Last Perf Mar 15th 18 Essentially, profit margin shows how much money the company makes after paying for all its expenses.

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GLE Company Info

Description

GLG Corp Ltd manufactures and supplies knitwear/apparel worldwide. The company offers ready to wear, casual active, performance, sleepwear, menswear, children’s wear, and private label products. It offers products 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.

Details
Name: GLG Corp Ltd
GLE
Exchange: ASX
Founded:
A$11,115,000
74,100,000
Website: http://www.ghimli.com
Address: GLG Corp Ltd
21 Jalan Mesin,
Singapore,
368819,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX GLE Ordinary Shares Australian Securities Exchange AU AUD 14. Dec 2005
Number of employees
Current staff
Staff numbers
7,000
GLG employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 10:33
End of day share price update: 2019/05/08 00:00
Last earnings filing: 2019/02/22
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.