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GLRS

Globrands TASE:GLRS Stock Report

Last Price

₪383.70

Market Cap

₪471.6m

7D

1.6%

1Y

-11.6%

Updated

25 Sep, 2022

Data

Company Financials
GLRS fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance1/6
Financial Health3/6
Dividends3/6

GLRS Stock Overview

Globrands Ltd. imports, distributes, markets, and sells tobacco, and food and confectionery products primarily in Israel.

Globrands Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Globrands
Historical stock prices
Current Share Price₪383.70
52 Week High₪472.80
52 Week Low₪331.00
Beta0.32
1 Month Change-0.75%
3 Month Change9.35%
1 Year Change-11.59%
3 Year Change10.16%
5 Year Changen/a
Change since IPO-36.53%

Recent News & Updates

Apr 05
Estimating The Intrinsic Value Of Globrands Ltd. (TLV:GLRS)

Estimating The Intrinsic Value Of Globrands Ltd. (TLV:GLRS)

Does the April share price for Globrands Ltd. ( TLV:GLRS ) reflect what it's really worth? Today, we will estimate the...

Shareholder Returns

GLRSIL Retail DistributorsIL Market
7D1.6%-1.4%-0.2%
1Y-11.6%-16.3%3.5%

Return vs Industry: GLRS exceeded the IL Retail Distributors industry which returned -16.3% over the past year.

Return vs Market: GLRS underperformed the IL Market which returned 3.5% over the past year.

Price Volatility

Is GLRS's price volatile compared to industry and market?
GLRS volatility
GLRS Average Weekly Movement3.0%
Retail Distributors Industry Average Movement4.9%
Market Average Movement4.5%
10% most volatile stocks in IL Market8.1%
10% least volatile stocks in IL Market3.1%

Stable Share Price: GLRS is less volatile than 75% of IL stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: GLRS's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2000209Gadi Netzerhttps://www.globrands.co.il

Globrands Ltd. imports, distributes, markets, and sells tobacco, and food and confectionery products primarily in Israel. The company distributes cigarettes under the Camel, Winston, LD, and other brand names; and various other products under the Kent, Pall-Mall, Vogue, Rothmans, and Lucky Strike brand names. It serves primarily retail customers and multinational corporations.

Globrands Fundamentals Summary

How do Globrands's earnings and revenue compare to its market cap?
GLRS fundamental statistics
Market Cap₪471.57m
Earnings (TTM)₪69.34m
Revenue (TTM)₪559.73m

6.8x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GLRS income statement (TTM)
Revenue₪559.73m
Cost of Revenue₪377.58m
Gross Profit₪182.15m
Other Expenses₪112.82m
Earnings₪69.34m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)56.42
Gross Margin32.54%
Net Profit Margin12.39%
Debt/Equity Ratio403.3%

How did GLRS perform over the long term?

See historical performance and comparison

Dividends

12.7%

Current Dividend Yield

43%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is GLRS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GLRS?

Other financial metrics that can be useful for relative valuation.

GLRS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.2x
Enterprise Value/EBITDA6.8x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does GLRS's PE Ratio compare to its peers?

GLRS PE Ratio vs Peers
The above table shows the PE ratio for GLRS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average19x
BRMG Brimag Digital Age
5.5xn/a₪259.0m
RLCO Ralco Agencies
4.9xn/a₪154.9m
TDRN Tadiran Group
30.5xn/a₪4.5b
MRG Multi Retail Group
35.1xn/a₪436.8m
GLRS Globrands
6.8xn/a₪471.6m

Price-To-Earnings vs Peers: GLRS is good value based on its Price-To-Earnings Ratio (6.8x) compared to the peer average (19x).


Price to Earnings Ratio vs Industry

How does GLRS's PE Ratio compare vs other companies in the Asian Retail Distributors Industry?

Price-To-Earnings vs Industry: GLRS is good value based on its Price-To-Earnings Ratio (6.8x) compared to the Asian Retail Distributors industry average (15.8x)


Price to Earnings Ratio vs Fair Ratio

What is GLRS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GLRS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate GLRS's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of GLRS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GLRS (₪383.7) is trading below our estimate of fair value (₪536.03)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.3%

Forecasted Retail 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 Globrands 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.


Discover growth companies

  • Examine whether Globrands is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Globrands performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


0.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GLRS has a high level of non-cash earnings.

Growing Profit Margin: GLRS's current net profit margins (12.4%) are lower than last year (14.1%).


Past Earnings Growth Analysis

Earnings Trend: GLRS's earnings have grown by 0.8% per year over the past 5 years.

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

Earnings vs Industry: GLRS had negative earnings growth (-11.6%) over the past year, making it difficult to compare to the Retail Distributors industry average (12.7%).


Return on Equity

High ROE: Whilst GLRS's Return on Equity (149.32%) is outstanding, this metric is skewed due to their high level of debt.


Discover strong past performing companies

Financial Health

How is Globrands's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: GLRS's short term assets (₪324.7M) exceed its short term liabilities (₪296.5M).

Long Term Liabilities: GLRS's short term assets (₪324.7M) exceed its long term liabilities (₪40.1M).


Debt to Equity History and Analysis

Debt Level: GLRS's net debt to equity ratio (374.8%) is considered high.

Reducing Debt: GLRS's debt to equity ratio has increased from 224.5% to 403.3% over the past 5 years.

Debt Coverage: GLRS's debt is not well covered by operating cash flow (11.2%).

Interest Coverage: GLRS's interest payments on its debt are well covered by EBIT (47.3x coverage).


Balance Sheet


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


12.72%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: GLRS's dividend (12.72%) is higher than the bottom 25% of dividend payers in the IL market (2%).

High Dividend: GLRS's dividend (12.72%) is in the top 25% of dividend payers in the IL market (6.31%)


Stability and Growth of Payments

Stable Dividend: GLRS has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: GLRS has only been paying a dividend for 4 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (43.3%), GLRS's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (317.3%), GLRS's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

7.6yrs

Average board tenure


CEO

Gadi Netzer (58 yo)

no data

Tenure

₪2,926,392

Compensation

Mr. Gadi Guideon Netzer serves as the Chief Executive Officer at Globrands Ltd. and has been its Non-Independent Director since March 31, 2011.


Board Members

Experienced Board: GLRS's board of directors are considered experienced (7.6 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

What is the ownership structure of GLRS?
Owner TypeNumber of SharesOwnership Percentage
Public Companies00%
General Public183,31314.9%
Institutions185,68515.1%
Private Companies305,05224.8%
Individual Insiders554,95045.2%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 22 shareholders own 85.08% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
40.75%
Yaron Gazit
500,817₪192.2m0%no data
24.82%
Fishman Chains Ltd
305,052₪117.0m0%no data
6.42%
Intergemel Provident Funds and Pension Ltd.
78,949₪30.3m11.28%1.4%
4.18%
Gadi Netzer
51,404₪19.7m0%no data
3.78%
The Phoenix Excellence Pension & Provident Fund Ltd.
46,453₪17.8m0%0.07%
1.21%
The Phoenix Investment and Finances Ltd.
14,902₪5.7m0%0.02%
1.17%
More Mutual Funds Management (2013) Ltd.
14,381₪5.5m4.29%0.09%
0.85%
Azimuthline Capital Markets Ltd.
10,446₪4.0m-0.23%1.24%
0.63%
Yelin Lapidot - Mutual Funds Management Ltd.
7,711₪3.0m-11.97%0.04%
0.34%
Migdal Mutual Funds Ltd.
4,219₪1.6m2.06%no data
0.27%
Forte Portfolio Management Ltd
3,342₪1.3m26.88%0.25%
0.21%
Harel Mutual Funds Ltd.
2,541₪975.0k0%0.01%
0.093%
Shlomo Liran
1,142₪438.2k0%no data
0.087%
Edmond De Rothschild Asset Management (France)
1,069₪410.2k0%no data
0.079%
Eyal Fishman
970₪372.2k48.09%no data
0.068%
Meitav Investment House Ltd
832₪319.2k-3.37%no data
0.05%
Itzhak Krinski
617₪236.7k0%no data
0.036%
Dimensional Fund Advisors LP
441₪169.2k-0.45%no data
0.012%
Psagot Mutual Funds Ltd.
142₪54.5k0%no data
0.011%
Ayalon Mutual Funds Ltd.
132₪50.6k0%no data
0.0076%
Psagot Index Funds Ltd
93₪35.7k0%no data
0.0026%
Alumot Mutual Fund Management Company
32₪12.3k-67.68%no data

Company Information

Globrands Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Globrands Ltd.
  • Ticker: GLRS
  • Exchange: TASE
  • Founded: 2000
  • Industry: Distributors
  • Sector: Retail
  • Implied Market Cap: ₪471.567m
  • Shares outstanding: 1.23m
  • Website: https://www.globrands.co.il

Number of Employees


Location

  • Globrands Ltd.
  • Shderot HaHaskala 9
  • Tel Aviv
  • 6119302
  • Israel


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GLRSTASE (The Tel-Aviv Stock Exchange)YesOrdinary SharesILILSJun 2018
GLBG.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 2018

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/25 00:00
End of Day Share Price2022/09/22 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.