ENXTBR:GLOG

Stock Analysis Report

Executive Summary

Global Graphics PLC, together with its subsidiaries, develops software and hardware technology solutions for digital inkjet printing, and type design and development in the United Kingdom, rest of Europe, North America, and Asia.


Snowflake Analysis

Excellent balance sheet and fair value.

Share Price & News

How has Global Graphics's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GLOG's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.8%

GLOG

8.2%

BE Software

0.4%

BE Market


1 Year Return

-44.8%

GLOG

-5.5%

BE Software

-28.6%

BE Market

Return vs Industry: GLOG underperformed the Belgian Software industry which returned -5.5% over the past year.

Return vs Market: GLOG underperformed the Belgian Market which returned -28.6% over the past year.


Shareholder returns

GLOGIndustryMarket
7 Day0.8%8.2%0.4%
30 Day-27.9%-14.0%-21.1%
90 Day-30.0%-17.4%-31.5%
1 Year-44.8%-44.8%-3.7%-5.5%-27.1%-28.6%
3 Year-31.0%-31.0%18.8%12.2%-34.2%-38.6%
5 Year11.9%11.9%69.6%55.6%-34.5%-42.1%

Price Volatility Vs. Market

How volatile is Global Graphics's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

40.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GLOG (€2.45) is trading below our estimate of fair value (€4.12)

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


Price To Earnings Ratio

PE vs Industry: GLOG is poor value based on its PE Ratio (63.5x) compared to the Software industry average (28.1x).

PE vs Market: GLOG is poor value based on its PE Ratio (63.5x) compared to the Belgian market (13.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GLOG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GLOG is good value based on its PB Ratio (1.2x) compared to the XE Software industry average (2.6x).


Next Steps

Future Growth

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

19.8%

Forecasted Software 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 Global Graphics 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 Global Graphics performed over the past 5 years?

-17.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GLOG has high quality earnings.

Growing Profit Margin: GLOG's current net profit margins (2%) are lower than last year (9.9%).


Past Earnings Growth Analysis

Earnings Trend: GLOG's earnings have declined by -17.7% per year over the past 5 years.

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

Earnings vs Industry: GLOG had negative earnings growth (-80.9%) over the past year, making it difficult to compare to the Software industry average (6.8%).


Return on Equity

High ROE: GLOG's Return on Equity (1.9%) is considered low.


Next Steps

Financial Health

How is Global Graphics's financial position?


Financial Position Analysis

Short Term Liabilities: GLOG's short term assets (€11.4M) exceed its short term liabilities (€5.5M).

Long Term Liabilities: GLOG's short term assets (€11.4M) exceed its long term liabilities (€7.4M).


Debt to Equity History and Analysis

Debt Level: GLOG's debt to equity ratio (8.5%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if GLOG's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: GLOG's debt is well covered by operating cash flow (215.3%).

Interest Coverage: GLOG's interest payments on its debt are well covered by EBIT (8.5x coverage).


Balance Sheet

Inventory Level: GLOG has a low level of unsold assets or inventory.

Debt Coverage by Assets: GLOG's debt is covered by short term assets (assets are 5.7x debt).


Next Steps

Dividend

What is Global Graphics's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate GLOG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate GLOG's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GLOG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GLOG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GLOG's dividend in 3 years as they are not forecast to pay a notable one for the Belgian market.


Next Steps

Management

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

4.5yrs

Average management tenure


CEO

Mike Rottenborn (51yo)

0.17

Tenure

Mr. Mike Rottenborn serves as Chief Executive Officer and Director of Global Graphics Plc since January 1, 2020. Mr. Rottenborn is the President and CEO of HYBRID Software Inc. Mr. Rottenborn founded HYBRI ...


Leadership Team

NamePositionTenureCompensationOwnership
Graeme Huttley
CFO & Executive Director3.92yrs€235.86kno data
Mike Rottenborn
CEO & Director0.17yrno datano data
Neil Wylie
Operations Directorno datano datano data
Martin Bailey
Chief Technology Officer13.5yrsno datano data
Jill Taylor
Director of Corporate Communicationsno datano datano data
Justin Bailey
Managing Directorno datano datano data
Peter Rosenfeld
Managing Director of URW Type Foundry4.5yrsno datano data
Clive Ayling
Managing Director of Meteor Inkjet3.25yrsno datano data

4.5yrs

Average Tenure

Experienced Management: GLOG's management team is considered experienced (4.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Graeme Huttley
CFO & Executive Director3.92yrs€235.86kno data
Mike Rottenborn
CEO & Director0.17yrno datano data
Guido Van der Schueren
Non-Executive Chairman5.83yrs€72.00kno data
Clare Findlay
Independent Non-Executive Director8.75yrs€12.55kno data

4.9yrs

Average Tenure

56yo

Average Age

Experienced Board: GLOG's board of directors are considered experienced (4.9 years average tenure).


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

Global Graphics PLC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Global Graphics PLC
  • Ticker: GLOG
  • Exchange: ENXTBR
  • Founded: 1986
  • Industry: Application Software
  • Sector: Software
  • Market Cap: €28.721m
  • Shares outstanding: 11.72m
  • Website: https://www.globalgraphics.com

Number of Employees


Location

  • Global Graphics PLC
  • Building 2030
  • Cambourne Business Park
  • Cambridge
  • Cambridgeshire
  • CB23 6DW
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GLOGENXTBR (Euronext Brussels)YesOrdinary SharesBEEURJul 1998
0RGNLSE (London Stock Exchange)YesOrdinary SharesGBEURJul 1998
GLOGBBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJul 1998

Biography

Global Graphics PLC, together with its subsidiaries, develops software and hardware technology solutions for digital inkjet printing, and type design and development in the United Kingdom, rest of Europe, North America, and Asia. The company operates through Software, Printhead Solutions, and Fonts segments. The company offers Harlequin RIP, a software raster image processor, which converts text and images into printable form; ScreenPro, a software engine used to enhance 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/28 21:02
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.