CNSX:GCIT

Stock Analysis Report

Glorious Creation

Executive Summary

Glorious Creation Limited, through its subsidiaries, engages in the IT related consulting and Internet marketing, and Aand consulting businesses.

Snowflake

Fundamentals

Weak fundamentals or lack of information.

Share Price & News

How has Glorious Creation's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

GCIT

-1.5%

CA IT

-0.2%

CA Market


1 Year Return

n/a

GCIT

25.6%

CA IT

1.1%

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%-1.5%-0.2%
30 Day0%-2.5%-3.3%
90 Dayn/a-1.5%-1.6%
1 Yearn/a25.6%25.6%4.6%1.1%
3 Yearn/a60.9%60.7%13.1%3.1%
5 Yearn/a167.0%165.9%24.7%6.7%

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?


In this section, we usually try to help investors determine whether Glorious Creation is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Glorious Creation has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of GCIT’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Glorious Creation regulatory filings.
  • Explore potentially undervalued companies in the Software industry.

Future Growth

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

8.9%

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?

-29.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: GCIT is unprofitable, and losses have increased over the past 5 years at a rate of -29.9% per year.

Accelerating Growth: Unable to compare GCIT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GCIT is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (12.7%).


Return on Equity

High ROE: GCIT's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets

ROA vs Industry: GCIT is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: GCIT is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Glorious Creation's financial position?


Financial Position Analysis

Short Term Liabilities: GCIT has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: GCIT has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: GCIT has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: GCIT's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: GCIT has a high level of physical assets or inventory.

Debt Coverage by Assets: GCIT has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: GCIT has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: GCIT has less than a year of cash runway if free cash flow continues to reduce at historical rates of -9.1% each year


Next Steps

Dividend

What is Glorious Creation's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%6.0%industryaverage1.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

What is the CEO of Glorious Creation's salary, the management and board of directors tenure and is there insider trading?

3.4yrs

Average board tenure


CEO

Yurik Norm 0

0.3yrs

Tenure

0

Mr. Norm Yurik has been Chief Executive Officer and Director of Glorious Creation Limited since July 10, 2019. Mr. Yurik is a CPA and former tax partner at Deloitte LLP, where he had worked from 1979 to 20 ...


Board Age and Tenure

3.4yrs

Average Tenure

Experienced Board: GCIT's board of directors are considered experienced (3.4 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Andrea Ke (46yo)

    Chief Financial Officer

    • Tenure: 3.7yrs
    • Compensation: CA$102.00k
  • Yurik Norm

    CEO & Director

    • Tenure: 0.3yrs

Board Members

  • Alan Foster (65yo)

    Independent Director

    • Tenure: 3.4yrs
    • Compensation: CA$12.00k
  • Ian Mallmann (58yo)

    Independent Director

    • Tenure: 3.4yrs
    • Compensation: CA$12.00k
  • Yurik Norm

    CEO & Director

    • Tenure: 0.3yrs

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:
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: CA$392.220k
  • Shares outstanding: 39.22m
  • 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, through its subsidiaries, engages in the IT related consulting and Internet marketing, and Aand consulting businesses. The company operates an e-commerce platform that provides v ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 00:40
End of Day Share Price2019/07/31 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.