GLG Corp Ltd engages in the manufacture and supply of knitwear and apparel worldwide.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.29|
|52 Week High||AU$0.12|
|52 Week Low||AU$0.66|
|1 Month Change||-12.12%|
|3 Month Change||-17.14%|
|1 Year Change||n/a|
|3 Year Change||114.82%|
|5 Year Change||11.54%|
|Change since IPO||-71.00%|
Recent News & Updates
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...
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...
|GLE||AU Luxury||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.
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
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
|GLE fundamental statistics|
Is GLE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GLE income statement (TTM)|
|Cost of Revenue||US$150.71m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.031|
|Net Profit Margin||1.23%|
How did GLE perform over the long term?See historical performance and comparison
9.3%Current Dividend Yield
Is GLG undervalued compared to its fair value and its price relative to the market?
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).
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.
How has GLG performed over the past 5 years?
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.
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 ($19.4M).
Debt to Equity History and Analysis
Debt Level: GLE's debt to equity ratio (101.8%) is considered high.
Reducing Debt: GLE's debt to equity ratio has reduced from 117.3% to 101.8% over the past 5 years.
Debt Coverage: GLE's debt is well covered by operating cash flow (35.6%).
Interest Coverage: GLE's interest payments on its debt are well covered by EBIT (4.9x coverage).
What is GLG current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GLE's dividend (9.29%) is higher than the bottom 25% of dividend payers in the Australian market (2.27%).
High Dividend: GLE's dividend (9.29%) is in the top 25% of dividend payers in the Australian market (5.32%)
Stability and Growth of Payments
Stable Dividend: Too early to tell whether GLE's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if GLE's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (65.5%), GLE's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ms. Peiling Gan, also known as Felicia, has been the Chief Executive Officer of GLG Corp Ltd. since July 1, 2021 and has been its Executive Director since September 15, 2015. Ms. Gan served as Deputy Chief...
CEO Compensation Analysis
Compensation vs Market: Felicia's total compensation ($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.
Experienced Management: GLE's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.
Experienced Board: GLE's board of directors are not considered experienced ( 2.8 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 employee growth, exchange listings and data sources
- 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
- GLG Corp Ltd
- 21 Jalan Mesin
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/17 07:04|
|End of Day Share Price||2021/10/11 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.