Executive Summary
Glorious Creation Limited does not have significant operations. More Details
Snowflake Analysis
Flawless balance sheet with acceptable track record.
Share Price & News
How has Glorious Creation's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: Insufficient data to determine GCIT's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine GCIT's volatility change over the past year.
Market Performance
7 Day Return
0%
GCIT
4.1%
CA IT
0.7%
CA Market
1 Year Return
n/a
GCIT
-3.7%
CA IT
2.1%
CA Market
Return vs Industry: Insufficient data to determine how GCIT performed against the Canadian IT industry.
Return vs Market: Insufficient data to determine how GCIT performed against the Canadian Market.
Shareholder returns
| GCIT | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 4.1% | 0.7% |
| 30 Day | 0% | 2.0% | 4.6% |
| 90 Day | 18.2% | 26.7% | 13.5% |
| 1 Year | n/a | -3.6%-3.7% | 5.8%2.1% |
| 3 Year | -92.3%-92.3% | 42.4%42.2% | 13.9%3.1% |
| 5 Year | n/a | 74.8%74.5% | 67.3%41.6% |
Long-Term Price Volatility Vs. Market
How volatile is Glorious Creation's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 years ago | Simply Wall St
What You Must Know About Glorious Creation Limited's (CNSX:GCIT) Financial StrengthValuation
Is Glorious Creation undervalued compared to its fair value and its price relative to the market?
14.48x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate GCIT's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate GCIT's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: GCIT is good value based on its PE Ratio (14.5x) compared to the CA IT industry average (39.8x).
PE vs Market: GCIT is good value based on its PE Ratio (14.5x) compared to the Canadian market (16.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GCIT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GCIT is overvalued based on its PB Ratio (25.6x) compared to the CA IT industry average (5.9x).
Next Steps
Future Growth
How is Glorious Creation forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
35.2%
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 Glorious Creation 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
- Examine Glorious Creation's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Glorious Creation competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Software industry.
Past Performance
How has Glorious Creation performed over the past 5 years?
19.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GCIT has a large one-off loss of CA$51.4K impacting its September 30 2020 financial results.
Growing Profit Margin: GCIT became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: GCIT has become profitable over the past 5 years, growing earnings by 19.1% per year.
Accelerating Growth: GCIT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: GCIT has become profitable in the last year, making it difficult to compare its past year earnings growth to the IT industry (2.4%).
Return on Equity
High ROE: GCIT's Return on Equity (37.3%) is considered high.
Next Steps
Financial Health
How is Glorious Creation's financial position?
Financial Position Analysis
Short Term Liabilities: GCIT's short term assets (CA$680.5K) exceed its short term liabilities (CA$147.6K).
Long Term Liabilities: GCIT has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: GCIT is debt free.
Reducing Debt: GCIT had no debt 5 years ago.
Debt Coverage: GCIT has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: GCIT has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Glorious Creation current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GCIT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GCIT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if GCIT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GCIT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of GCIT's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
0.5yrs
Average board tenure
CEO
Liam Corcoran
0.42
Tenure
Mr. Liam Lake Corcoran has been Director at Glorious Creation Limited since July 24, 2020 and serves as its Chief Executive Officer since August 2020. Mr. Corcoran was Associate of Alexander Holburn Beaudi...
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 0.42yr | no data | 1.19% CA$ 162.5k | |
| Independent Director | 0.50yr | no data | no data | |
| Independent Director | 0.42yr | no data | 0.48% CA$ 65.0k |
0.5yrs
Average Tenure
Experienced Board: GCIT's board of directors are not considered experienced ( 0.5 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 been substantially diluted in the past year, with total shares outstanding growing by 649%.
Top Shareholders
Company Information
Glorious Creation Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Glorious Creation Limited
- Ticker: GCIT
- Exchange: CNSX
- Founded: NaN
- Industry: IT Consulting and Other Services
- Sector: Software
- Market Cap: CA$13.639m
- Shares outstanding: 20.98m
- Website: https://www.gloriouscreationgroup.com
Number of Employees
Location
- Glorious Creation Limited
- 1328 West Pender Street
- Suite 405
- Vancouver
- British Columbia
- V6E 4T1
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GCIT | CNSX (Canadian National Stock Exchange) | Yes | Common Shares | CA | CAD | Aug 2017 |
| GL7 | BST (Boerse-Stuttgart) | Yes | Common Shares | DE | EUR | Aug 2017 |
Biography
Glorious Creation Limited does not have significant operations. Previously, it engaged in the IT related consulting and Internet marketing, trade agency, and consulting businesses. Glorious Creation Limite...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/22 00:15 |
| End of Day Share Price | 2020/11/05 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.