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Global Graphics

ENXTBR:GLOG
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GLOG
ENXTBR
€51M
Market Cap
  1. Home
  2. BE
  3. Software
Company description

Global Graphics PLC, together with its subsidiaries, develops software and hardware technology solutions for digital inkjet printing and type design. The last earnings update was 24 days ago. More info.


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GLOG Share Price and Events
7 Day Returns
-1.1%
ENXTBR:GLOG
1.4%
Europe Software
1.2%
BE Market
1 Year Returns
43%
ENXTBR:GLOG
16.6%
Europe Software
-4.2%
BE Market
GLOG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Global Graphics (GLOG) -1.1% 6.3% 2.6% 43% 112.7% 127.1%
Europe Software 1.4% 2.5% 12.3% 16.6% 49.2% 90.9%
BE Market 1.2% 6% 14.5% -4.2% -10.3% 12.5%
1 Year Return vs Industry and Market
  • GLOG outperformed the Software industry which returned 16.6% over the past year.
  • GLOG outperformed the Market in Belgium which returned -4.2% over the past year.
Price Volatility
GLOG
Industry
5yr Volatility vs Market

Value

 Is Global Graphics 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 Global Graphics 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 Global Graphics.

ENXTBR:GLOG 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 8%
Perpetual Growth Rate 10-Year BE Government Bond Rate 0.8%

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 ENXTBR:GLOG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year BE Govt Bond Rate 0.8%
Equity Risk Premium S&P Global 6.7%
Software Unlevered Beta Simply Wall St/ S&P Global 1.13
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.134 (1 + (1- 19%) (0%))
1.09
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.77% + (1.09 * 6.65%)
8.02%

Discounted Cash Flow Calculation for ENXTBR:GLOG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Global Graphics 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.

ENXTBR:GLOG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.02%)
2019 0.16 Est @ -43.85% 0.15
2020 0.11 Est @ -30.47% 0.10
2021 0.09 Est @ -21.1% 0.07
2022 0.07 Est @ -14.54% 0.05
2023 0.07 Est @ -9.94% 0.05
2024 0.06 Est @ -6.73% 0.04
2025 0.06 Est @ -4.48% 0.03
2026 0.06 Est @ -2.9% 0.03
2027 0.06 Est @ -1.8% 0.03
2028 0.06 Est @ -1.03% 0.03
Present value of next 10 years cash flows €0.57
ENXTBR:GLOG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €0.06 × (1 + 0.77%) ÷ (8.02% – 0.77%)
€0.79
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €0.79 ÷ (1 + 8.02%)10
€0.36
ENXTBR:GLOG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €0.57 + €0.36
€0.94
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €0.94 / 11.72
€0.08
ENXTBR:GLOG Discount to Share Price
Calculation Result
Value per share (EUR) From above. €0.08
Current discount Discount to share price of €4.36
= -1 x (€4.36 - €0.08) / €0.08
-5348.2%

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

  • The current share price of Global Graphics is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Global Graphics's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Global Graphics's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTBR:GLOG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.20
ENXTBR:GLOG Share Price ** ENXTBR (2019-04-18) in EUR €4.36
Europe Software Industry PE Ratio Median Figure of 138 Publicly-Listed Software Companies 29.34x
Belgium Market PE Ratio Median Figure of 86 Publicly-Listed Companies 16.57x

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

** Primary Listing of Global Graphics.

ENXTBR:GLOG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTBR:GLOG Share Price ÷ EPS (both in EUR)

= 4.36 ÷ 0.20

21.32x

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

  • Global Graphics is good value based on earnings compared to the Europe Software industry average.
  • Global Graphics is overvalued based on earnings compared to the Belgium market.
Price based on expected Growth
Does Global Graphics's expected growth come at a high price?
Raw Data
ENXTBR:GLOG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.32x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
15.2%per year
Europe Software Industry PEG Ratio Median Figure of 75 Publicly-Listed Software Companies 2.12x
Belgium Market PEG Ratio Median Figure of 40 Publicly-Listed Companies 1.58x

*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 Global Graphics, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Global Graphics's assets?
Raw Data
ENXTBR:GLOG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €1.89
ENXTBR:GLOG Share Price * ENXTBR (2019-04-18) in EUR €4.36
Europe Software Industry PB Ratio Median Figure of 243 Publicly-Listed Software Companies 2.82x
Belgium Market PB Ratio Median Figure of 119 Publicly-Listed Companies 1.51x
ENXTBR:GLOG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTBR:GLOG Share Price ÷ Book Value per Share (both in EUR)

= 4.36 ÷ 1.89

2.31x

* Primary Listing of Global Graphics.

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

  • Global Graphics is good value based on assets compared to the Europe Software industry average.
X
Value checks
We assess Global Graphics'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 Software 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 Software industry average (and greater than 0)? (1 check)
  5. Global Graphics has a total score of 2/6, 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.

Future Performance

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

  • No analysts cover Global Graphics, 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
15.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Global Graphics expected to grow at an attractive rate?
  • Global Graphics's earnings growth is expected to exceed the low risk savings rate of 0.8%.
Growth vs Market Checks
  • Global Graphics's earnings growth is positive but not above the Belgium market average.
  • Unable to compare Global Graphics's revenue growth to the Belgium market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ENXTBR:GLOG Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTBR:GLOG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 15.2%
Europe Software Industry Earnings Growth Rate Market Cap Weighted Average 15.1%
Europe Software Industry Revenue Growth Rate Market Cap Weighted Average 8.3%
Belgium Market Earnings Growth Rate Market Cap Weighted Average 16.1%
Belgium Market Revenue Growth Rate Market Cap Weighted Average 2.9%

*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
ENXTBR:GLOG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTBR:GLOG Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 24 2 2
2018-09-30 23 2 2
2018-06-30 22 3 1
2018-03-31 21 3 0
2017-12-31 21 4 0
2017-09-30 19 5 0
2017-06-30 18 5 0
2017-03-31 17 4 0
2016-12-31 16 4 1
2016-09-30 16 3 0
2016-06-30 15 3 0
2016-03-31 15 3 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Global Graphics's earnings are expected to grow by 15.2% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Global Graphics 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
ENXTBR:GLOG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Global Graphics Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTBR:GLOG Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.20
2018-09-30 0.15
2018-06-30 0.09
2018-03-31 0.04
2017-12-31 -0.02
2017-09-30 -0.03
2017-06-30 -0.03
2017-03-31 0.01
2016-12-31 0.05
2016-09-30 0.04
2016-06-30 0.04
2016-03-31 0.11

*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 Global Graphics will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Global Graphics'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Global Graphics has a total score of 1/6, 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.

Past Performance

  How has Global Graphics 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 Global Graphics's growth in the last year to its industry (Software).
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.
  • Global Graphics's year on year earnings growth rate has been positive over the past 5 years.
  • Global Graphics has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Global Graphics has become profitable in the last year making it difficult to compare the Europe Software industry average.
Earnings and Revenue History
Global Graphics'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 Global Graphics Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTBR:GLOG Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 23.92 2.37 9.45 6.57
2018-09-30 22.83 1.73 9.05 6.39
2018-06-30 21.73 1.08 8.66 6.20
2018-03-31 21.13 0.41 8.76 6.21
2017-12-31 20.54 -0.27 8.86 6.21
2017-09-30 19.13 -0.32 8.81 6.36
2017-06-30 17.72 -0.38 8.75 6.51
2017-03-31 16.88 0.11 8.29 6.84
2016-12-31 16.03 0.60 7.84 7.16
2016-09-30 15.70 0.50 7.39 7.37
2016-06-30 15.36 0.39 6.95 7.59
2016-03-31 15.31 1.15 6.34 7.27
2015-12-31 15.27 1.90 5.74 6.95
2015-09-30 14.84 2.77 5.20 6.46
2015-06-30 14.41 3.64 4.66 5.97
2015-03-31 12.88 2.64 4.41 5.69
2014-12-31 11.36 1.63 4.16 5.41
2014-09-30 10.47 0.88 4.02 5.52
2014-06-30 9.58 0.13 3.88 5.63
2014-03-31 8.67 -0.74 3.85 5.78
2013-12-31 7.88 -1.88 3.89 5.77
2013-09-30 8.26 -1.90 4.00 5.79
2013-06-30 8.88 -0.94 4.04 5.52
2013-03-31 9.55 -0.52 4.19 5.41
2012-12-31 9.71 -0.04 4.28 5.29
2012-09-30 9.93 0.66 4.19 4.96
2012-06-30 9.23 -0.14 4.03 4.89

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

Health

 How is Global Graphics'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 Global Graphics's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Global Graphics is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Global Graphics's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Global Graphics'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.
  • Low level of unsold assets.
  • Global Graphics has no debt, it does not need to be covered by short term assets.
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 Global Graphics Company Filings, last reported 3 months ago.

ENXTBR:GLOG Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 21.94 0.00 5.65
2018-09-30 21.94 0.00 5.65
2018-06-30 20.75 0.00 5.00
2018-03-31 20.75 0.00 5.00
2017-12-31 19.07 0.00 5.08
2017-09-30 19.07 0.00 5.08
2017-06-30 19.68 0.00 4.74
2017-03-31 19.68 0.00 4.74
2016-12-31 20.42 0.00 4.64
2016-09-30 20.42 0.00 4.64
2016-06-30 20.62 0.00 3.29
2016-03-31 20.62 0.00 3.29
2015-12-31 21.12 0.00 4.24
2015-09-30 21.12 0.00 4.24
2015-06-30 20.33 0.00 3.52
2015-03-31 20.33 0.00 3.52
2014-12-31 15.75 0.00 4.16
2014-09-30 15.75 0.00 4.16
2014-06-30 14.29 0.00 1.77
2014-03-31 14.29 0.00 1.77
2013-12-31 13.08 0.00 1.29
2013-09-30 13.08 0.00 1.29
2013-06-30 13.98 0.00 1.66
2013-03-31 14.67 0.00 2.08
2012-12-31 15.83 0.00 2.25
2012-09-30 16.53 0.00 1.60
2012-06-30 15.69 0.00 1.54
  • Global Graphics has no debt.
  • Global Graphics has not taken on any debt in the past 5 years.
  • Global Graphics has no debt, it does not need to be covered by operating cash flow.
  • Global Graphics has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Global Graphics'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. Global Graphics has a total score of 6/6, 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.

Dividends

 What is Global Graphics'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 Global Graphics dividends.
If you bought €2,000 of Global Graphics shares you are expected to receive €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 Global Graphics's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Global Graphics'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
ENXTBR:GLOG 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
Europe Software Industry Average Dividend Yield Market Cap Weighted Average of 80 Stocks 1.5%
Belgium Market Average Dividend Yield Market Cap Weighted Average of 79 Stocks 3.4%
Belgium Minimum Threshold Dividend Yield 10th Percentile 1.2%
Belgium Bottom 25% Dividend Yield 25th Percentile 2%
Belgium Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Global Graphics has not reported any payouts.
  • Unable to verify if Global Graphics's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Global Graphics's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Global Graphics 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 Global Graphics's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Global Graphics afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Global Graphics 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.

Management

 What is the CEO of Global Graphics'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
Gary Fry
COMPENSATION €362,166
AGE 49
TENURE AS CEO 10.8 years
CEO Bio

Mr. Gary Fry has been the Chief Executive Officer of Global Graphics SE and Global Graphics Software Ltd since June 2008. Mr. Fry worked for Adobe Systems Benelux since 2001, initially as Sales and Marketing Director for Accelio, a provider of web-enabled electronic forms. Since 2002, he served as Sales Director enterprise UK and then EMEA at Adobe Systems Benelux. He served as Managing Director of Enterprise-Northern Europe at Adobe Systems Benelux since 2004. He served as Managing Director of Adobe Systems Benelux since 2005. Mr. Fry served as various sales and management positions in the IT industry including European Sales Manager for Catalyst Solutions, a leading provider of enterprise-wide IT solutions, Head of Industrial Support Sales for Oracle and a nine-year period with IBM, initially in engineering and then in sales. He has a background in electronic engineering. He has been an Executive Director of Global Graphics SE since June 2008. He is a keen yachtsman and sits on the main board committee of the Royal Ocean Racing Club, organisers of the Commodores Cup, Fastnet and Sevenstar races among others. Mr. Fry holds an MBA (MSc) from Reading University and Diploma in company direction from the UK Institute of Directors.

CEO Compensation
  • Gary's compensation has been consistent with company performance over the past year.
  • Gary's remuneration is higher than average for companies of similar size in Belgium.
Management Team Tenure

Average tenure of the Global Graphics management team in years:

5.3
Average Tenure
  • The average tenure for the Global Graphics management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Gary Fry

TITLE
CEO & Executive Director
COMPENSATION
€362K
AGE
49
TENURE
10.8 yrs

Graeme Huttley

TITLE
CFO & Executive Director
COMPENSATION
€166K
TENURE
5.3 yrs

Neil Wylie

TITLE
Operations Director

Martin Bailey

TITLE
Chief Technology Officer
TENURE
12.6 yrs

Jill Taylor

TITLE
Director of Corporate Communications

Justin Bailey

TITLE
Managing Director

Peter Rosenfeld

TITLE
Managing Director of URW++
TENURE
3.6 yrs

Clive Ayling

TITLE
Managing Director of Meteor Inkjet
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Global Graphics board of directors in years:

6.4
Average Tenure
55
Average Age
  • The tenure for the Global Graphics board of directors is about average.
Board of Directors

Guido Van der Schueren

TITLE
Chair of the Board
COMPENSATION
€5K
AGE
66
TENURE
4.9 yrs

Gary Fry

TITLE
CEO & Executive Director
COMPENSATION
€362K
AGE
49
TENURE
10.8 yrs

Graeme Huttley

TITLE
CFO & Executive Director
COMPENSATION
€166K
TENURE
3 yrs

Clare Findlay

TITLE
Independent Non-Executive Director
COMPENSATION
€2K
AGE
55
TENURE
7.8 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 (€) Value (€)
X
Management checks
We assess Global Graphics'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. Global Graphics 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.

News

Simply Wall St News

Global Graphics PLC (EBR:GLOG): What Are Investors Earning On Their Capital?

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. … To understand Global Graphics’s capital returns we will look at a useful metric called return on capital employed. … Global Graphics's Return On Capital Employed

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Interested In Global Graphics PLC (EBR:GLOG)? Here's How It Performed Recently

When Global Graphics PLC (EBR:GLOG) released its most recent earnings update (30 June 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … Being able to interpret how well Global Graphics has done so far requires weighing its performance against a benchmark, rather than looking at a standalone number at a point in time. … GLOG's trailing twelve-month earnings (from 30 June 2018) of €1.08m has

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Should You Be Tempted To Sell Global Graphics PLC (EBR:GLOG) Because Of Its PE Ratio?

Global Graphics PLC (EBR:GLOG) is currently trading at a trailing P/E of 45.5x, which is higher than the industry average of 38.1x. … While this makes GLOG appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio

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Are Global Graphics PLC's (EBR:GLOG) Interest Costs Too High?

The direct benefit for Global Graphics PLC (EBR:GLOG), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … However, the trade-off is GLOG will have to adhere to stricter debt covenants and have less financial flexibility. … Is financial flexibility worth the lower cost of capital

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What Should You Know About Global Graphics PLC's (EBR:GLOG) Capital Returns?

Thus, to understand how your money can grow by investing in Global Graphics, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE). … This shows Global Graphics provides an unsatisfying capital return that is well below the 15% ROCE that is typically considered to be a strong benchmark. … Global Graphics's relatively poor ROCE is tied to the movement in two factors that change over time: earnings and capital requirements.

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Should You Be Concerned About Global Graphics PLC's (EBR:GLOG) Shareholders?

GLOG insiders are also influential stakeholders with 5.44% ownership in the company. … Private Company Ownership Potential investors in GLOG should also look at another important group of investors: private companies, with a stake of 27.29%, who are primarily invested because of strategic and capital gain interests. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: GLOG's considerably high level of institutional ownership calls for further analysis into its margin of safety.

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Was Global Graphics PLC's (EBR:GLOG) Earnings Decline Part Of A Broader Industry Downturn?

Check out our latest analysis for Global Graphics Was GLOG weak performance lately part of a long-term decline? … For Global Graphics, its latest trailing-twelve-month earnings is -€266.00K, which compared to the previous year's level, has turned from positive to negative. … Global Graphics's track record can be a valuable insight into its earnings performance, but it certainly doesn't tell the whole story.

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Company Info

Description

Global Graphics PLC, together with its subsidiaries, develops software and hardware technology solutions for digital inkjet printing and type design. It operates through three segments: Software, Printhead Solutions, and Fonts. The company offers Harlequin RIP, a software raster image processor, which converts text and images into printable form; ScreenPro, a software engine used to improve inkjet image quality and compatibility with printing industry workflow; Fundamentals, a toolkit for building digital front end; and Mako, a multi-platform software development kit for building custom workflows. It also supplies drive electronics for industrial inkjet printing, digital typefaces, and font technology; and provides technical support services for computer software. The company sells its products to original equipment manufacturers, distributors, and system integrators. Global Graphics PLC was founded in 1986 and is headquartered in Cambridge, the United Kingdom.

Details
Name: Global Graphics PLC
GLOG
Exchange: ENXTBR
Founded: 1986
€51,111,019
11,722,711
Website: http://www.globalgraphics.com
Address: Global Graphics PLC
Building 2030,
Cambourne Business Park,
Cambridge,
Cambridgeshire, CB23 6DW,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTBR GLOG Ordinary Shares Euronext Brussels BE EUR 03. Jul 1998
LSE 0RGN Ordinary Shares London Stock Exchange GB EUR 03. Jul 1998
BATS-CHIXE GLOGB Ordinary Shares BATS 'Chi-X Europe' GB EUR 03. Jul 1998
Number of employees
Current staff
Staff numbers
115
Global Graphics employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 20:47
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/03/27
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.