CNSX:GCIT

Stock Analysis Report

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Glorious Creation

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

GCITIndustryMarket
7 Day0%4.1%0.7%
30 Day0%2.0%4.6%
90 Day18.2%26.7%13.5%
1 Yearn/a-3.6%-3.7%5.8%2.1%
3 Year-92.3%-92.3%42.4%42.2%13.9%3.1%
5 Yearn/a74.8%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

Valuation

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

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

NamePositionTenureCompensationOwnership
Liam Corcoran
CEO & Director0.42yrno data1.19%
CA$ 162.5k
Nicholas Luksha
Independent Director0.50yrno datano data
Toby Lim
Independent Director0.42yrno data0.48%
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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GCITCNSX (Canadian National Stock Exchange)YesCommon SharesCACADAug 2017
GL7BST (Boerse-Stuttgart)YesCommon SharesDEEURAug 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/22 00:15
End of Day Share Price2020/11/05 00:00
Earnings2020/09/30
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.