Globant
Globant S.A., a technology services company, provides services related to application development, testing, infrastructure management, and application maintenance worldwide. The last earnings update was 33 days ago. More info.
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- Globant has significant price volatility in the past 3 months.
GLOB Share Price and Events
7 Day Returns
1 Year Returns
GLOB Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Globant (GLOB) | 0.8% | 0.1% | 28.5% | 32.2% | 131.1% | - |
| US Software | 3.1% | 4.3% | 18.3% | 22.2% | 107.3% | 134.4% |
| US Market | 2.4% | 1.7% | 11.9% | 1.9% | 38.2% | 42.4% |
1 Year Return vs Industry and Market
- GLOB outperformed the Software industry which returned 22.2% over the past year.
- GLOB outperformed the Market in United States of America which returned 1.9% over the past year.
Value
Is Globant undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Globant
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Globant.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 10 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.2% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Software Unlevered Beta | Simply Wall St/ S&P Global | 1.14 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.139 (1 + (1- 26.01%) (0%)) |
1.093 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.09 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.093 * 5.96%) |
9.25% |
Discounted Cash Flow Calculation for NYSE:GLOB using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Globant is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 9.25%) |
|
|---|---|---|---|
| 2019 | 48.50 | Analyst x2 | 44.40 |
| 2020 | 67.50 | Analyst x2 | 56.56 |
| 2021 | 67.00 | Analyst x1 | 51.39 |
| 2022 | 76.00 | Analyst x1 | 53.36 |
| 2023 | 90.00 | Analyst x1 | 57.84 |
| 2024 | 97.16 | Est @ 7.95% | 57.16 |
| 2025 | 103.36 | Est @ 6.39% | 55.66 |
| 2026 | 108.83 | Est @ 5.29% | 53.64 |
| 2027 | 113.75 | Est @ 4.52% | 51.32 |
| 2028 | 118.28 | Est @ 3.98% | 48.85 |
| Present value of next 10 years cash flows | $530.18 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $118.28 × (1 + 2.73%) ÷ (9.25% – 2.73%) |
$1,865.02 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $1,865.02 ÷ (1 + 9.25%)10 |
$770.31 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $530.18 + $770.31 |
$1,300.49 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $1,300.49 / 36.25 |
$35.88 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $35.88 |
| Current discount | Discount to share price of
$70.88
= -1 x ($70.88 - $35.88) / $35.88 |
-97.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Globant is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Globant's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Globant's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $1.45 |
| NYSE:GLOB Share Price ** | NYSE (2019-03-18) in USD | $70.88 |
| United States of America Software Industry PE Ratio | Median Figure of 84 Publicly-Listed Software Companies | 52.96x |
| United States of America Market PE Ratio | Median Figure of 3,055 Publicly-Listed Companies | 17.61x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Globant.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:GLOB Share Price ÷ EPS (both in USD) = 70.88 ÷ 1.45 |
49.03x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Globant is good value based on earnings compared to the US Software industry average.
- Globant is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Globant's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 49.03x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts |
23.4%per year |
| United States of America Software Industry PEG Ratio | Median Figure of 66 Publicly-Listed Software Companies | 3.54x |
| United States of America Market PEG Ratio | Median Figure of 2,109 Publicly-Listed Companies | 1.48x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 49.03x ÷ 23.4% |
2.1x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Globant is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Globant's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $9.39 |
| NYSE:GLOB Share Price * | NYSE (2019-03-18) in USD | $70.88 |
| United States of America Software Industry PB Ratio | Median Figure of 220 Publicly-Listed Software Companies | 5.71x |
| United States of America Market PB Ratio | Median Figure of 5,152 Publicly-Listed Companies | 1.87x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:GLOB Share Price ÷ Book Value per Share (both in USD) = 70.88 ÷ 9.39 |
7.55x |
* Primary Listing of Globant.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Globant is overvalued based on assets compared to the US Software industry average.
Value checks
We assess Globant's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Software industry average (and greater than 0)? (1 check) Globant has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is Globant expected to perform in the next 1 to 3 years based on estimates from 10 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Globant's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Globant's earnings growth is expected to exceed the United States of America market average.
- Globant's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:GLOB Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts | 23.4% |
| NYSE:GLOB Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts | 16.3% |
| United States of America Software Industry Earnings Growth Rate | Market Cap Weighted Average | 16.1% |
| United States of America Software Industry Revenue Growth Rate | Market Cap Weighted Average | 10.8% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 10 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 1,290 | 1 | ||
| 2022-12-31 | 1,118 | 1 | ||
| 2021-12-31 | 923 | 122 | 2 | |
| 2020-12-31 | 771 | 109 | 81 | 8 |
| 2019-12-31 | 640 | 99 | 64 | 10 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 522 | 52 | |
| 2018-09-30 | 498 | 52 | |
| 2018-06-30 | 473 | 66 | 44 |
| 2018-03-31 | 444 | 45 | 32 |
| 2017-12-31 | 413 | 43 | 31 |
| 2017-09-30 | 385 | 28 | |
| 2017-06-30 | 358 | 18 | 30 |
| 2017-03-31 | 338 | 37 | |
| 2016-12-31 | 323 | 31 | 36 |
| 2016-09-30 | 307 | 35 | |
| 2016-06-30 | 292 | 33 | |
| 2016-03-31 | 273 | 32 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 10 Analyst Estimates (S&P Global) | See Below |
All data from Globant Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | ||||
| 2020-12-31 | 2.20 | 2.61 | 1.97 | 4.00 |
| 2019-12-31 | 1.70 | 1.75 | 1.63 | 4.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 1.45 |
| 2018-09-30 | 1.45 |
| 2018-06-30 | 1.25 |
| 2018-03-31 | 0.91 |
| 2017-12-31 | 0.87 |
| 2017-09-30 | 0.82 |
| 2017-06-30 | 0.87 |
| 2017-03-31 | 1.07 |
| 2016-12-31 | 1.04 |
| 2016-09-30 | 1.01 |
| 2016-06-30 | 0.98 |
| 2016-03-31 | 0.94 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Globant's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Globant has a total score of 5/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Globant performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Globant's year on year earnings growth rate has been positive over the past 5 years.
- Globant's 1-year earnings growth exceeds its 5-year average (69.2% vs 18.9%)
- Globant's earnings growth has exceeded the US Software industry average in the past year (69.2% vs 32.7%).
Earnings and Revenue History
All data from Globant Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 522.31 | 51.68 | 129.67 | |
| 2018-09-30 | 497.61 | 51.71 | 120.41 | |
| 2018-06-30 | 472.71 | 44.14 | 113.51 | |
| 2018-03-31 | 444.41 | 31.84 | 110.61 | |
| 2017-12-31 | 413.44 | 30.54 | 104.67 | |
| 2017-09-30 | 385.26 | 28.47 | 92.53 | |
| 2017-06-30 | 357.94 | 30.00 | 88.97 | |
| 2017-03-31 | 338.27 | 36.80 | 80.19 | |
| 2016-12-31 | 322.86 | 35.88 | 76.36 | |
| 2016-09-30 | 307.17 | 34.75 | 68.27 | |
| 2016-06-30 | 291.93 | 33.44 | 60.57 | |
| 2016-03-31 | 272.61 | 32.09 | 64.00 | |
| 2015-12-31 | 253.80 | 31.65 | 66.69 | |
| 2015-09-30 | 237.35 | 31.45 | 59.54 | |
| 2015-06-30 | 222.19 | 31.01 | 55.94 | |
| 2015-03-31 | 210.99 | 29.33 | 51.12 | |
| 2014-12-31 | 199.61 | 25.20 | 48.85 | |
| 2014-09-30 | 190.72 | 13.35 | 49.06 | |
| 2014-06-30 | 179.13 | 15.18 | 47.86 | |
| 2014-03-31 | 167.10 | 14.88 | 47.38 | |
| 2013-12-31 | 158.32 | 13.90 | 46.36 | |
| 2013-09-30 | 148.07 | 19.31 | 48.40 | |
| 2013-06-30 | 143.68 | 11.39 | 40.28 | |
| 2013-03-31 | 134.76 | 3.22 | 40.66 | |
| 2012-12-31 | 128.85 | -1.74 | 42.21 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Globant has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Globant used its assets more efficiently than the US Software industry average last year based on Return on Assets.
- Globant has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Globant's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Globant has a total score of 5/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Globant's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Globant's finances.
The net worth of a company is the difference between its assets and liabilities.
- Globant is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Globant's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Globant has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Globant Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 337.92 | 0.00 | 87.57 |
| 2018-09-30 | 321.97 | 0.00 | 79.77 |
| 2018-06-30 | 299.69 | 6.03 | 57.66 |
| 2018-03-31 | 281.49 | 6.01 | 45.84 |
| 2017-12-31 | 263.36 | 6.01 | 61.55 |
| 2017-09-30 | 248.75 | 10.58 | 45.01 |
| 2017-06-30 | 232.93 | 10.28 | 37.18 |
| 2017-03-31 | 220.83 | 0.16 | 42.12 |
| 2016-12-31 | 208.56 | 0.22 | 60.79 |
| 2016-09-30 | 197.19 | 0.28 | 55.41 |
| 2016-06-30 | 183.52 | 0.34 | 56.64 |
| 2016-03-31 | 169.10 | 0.46 | 70.10 |
| 2015-12-31 | 160.19 | 0.55 | 58.16 |
| 2015-09-30 | 156.23 | 0.78 | 73.48 |
| 2015-06-30 | 146.91 | 0.94 | 63.75 |
| 2015-03-31 | 136.29 | 1.09 | 69.88 |
| 2014-12-31 | 127.48 | 1.29 | 60.09 |
| 2014-09-30 | 115.22 | 3.79 | 56.92 |
| 2014-06-30 | 69.44 | 10.94 | 22.15 |
| 2014-03-31 | 63.45 | 11.19 | 24.68 |
| 2013-12-31 | 59.87 | 11.80 | 26.69 |
| 2013-09-30 | |||
| 2013-06-30 | 51.91 | 9.55 | 13.88 |
| 2013-03-31 | 42.94 | 11.78 | 8.60 |
| 2012-12-31 | 42.94 | 11.78 | 8.60 |
- Globant has no debt.
- Globant has no debt compared to 5 years ago when it was 19.7%.
- Globant has no debt, it does not need to be covered by operating cash flow.
- Globant has no debt, therefore coverage of interest payments is not a concern.
Financial health checks
We assess Globant's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Globant has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Globant's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Globant
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Globant's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Globant's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 10 Analyst Estimates (S&P Global) | See Below |
| United States of America Software Industry Average Dividend Yield | Market Cap Weighted Average of 24 Stocks | 1.6% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2004 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | 1.00 | 1.00 |
| 2022-12-31 | 0.00 | 1.00 |
| 2021-12-31 | 0.00 | 2.00 |
| 2020-12-31 | 0.00 | 2.00 |
| 2019-12-31 | 0.00 | 3.00 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Globant has not reported any payouts.
- Unable to verify if Globant's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Globant's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Globant afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Globant has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $0 |
| AGE | 50 |
| TENURE AS CEO | 14.2 years |
CEO Bio
Mr. Martín Migoya has been the Chairman and Chief Executive Officer of Globant S.A. since 2005 and serves as its President. Mr. Migoya co-founded Sistemas Globales S.A. in 2003 and has been its Chief Executive Officer since 2005. Prior to cofounding Globant, he worked as a trainee and technology project coordinator at Repsol-YPF, a consultant at Origin BV Holland and a business development director at Tallion. Mr. Migoya is frequently invited to lecture at various conventions and at universities like MIT and Harvard, and has been a judge at the Endeavor Entrepreneurs panel and at La Red Innova. Mr. Migoya was selected as an Endeavor Entrepreneur in 2005 and won a Konex Award as one of the most innovative entrepreneurs of 2008. He was selected as an Argentine Creative Individual of 2009 ( Círculo de Creativos de la Argentina ) and received the Security Award as one of the most distinguished Argentine businessmen of 2009. He also received in 2009 the America Economía Magazine’s “Excellence Award”, which is given to entrepreneurs and executives that contribute to the growth of Latin American businesses. In 2011, Latin Trade recognized Mr. Migoya as Emerging CEO of the Year. In 2013, Mr. Migoya received the “Entrepreneur of the Year Award” from Ernst & Young. He is a member of the Young President’s Organization and a board member of Endeavor Argentina. Mr. Migoya holds a degree in electronic engineering from Universidad Nacional de La Plata (UNLP) and a master’s degree in business administration, from the Universidad del Centro de Estudios Macroeconómicos de Argentina.
CEO Compensation
- Insufficient data for Martín to compare compensation growth.
- Martín's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Globant management team in years:
- The average tenure for the Globant management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Martín Migoya
Chairman
50
14.2 yrs
Guibert Englebienne
CTO & Director
52
16.2 yrs
Martín Umaran
Chief of Staff & Director
50
6.2 yrs
Néstor Nocetti
Co-Founder & Executive VP of Corporate Affairs
6.7 yrs
Juan Urthiague
CFO & Investor Relations Officer
0.4 yrs
Guillermo Marsicovetere
COO & Chief Strategy Officer
6.7 yrs
Yanina Conti
Chief Accounting Officer
2.2 yrs
Gustavo Barreiro
Chief Information Officer
6.7 yrs
Sol Noello
General Counsel
Guillermo Willi
Chief People Officer
7.5 yrs
Board of Directors Tenure
Average tenure and age of the Globant board of directors in years:
- The tenure for the Globant board of directors is about average.
Board of Directors
Martín Migoya
Chairman
50
14.2 yrs
Guibert Englebienne
CTO & Director
52
16.2 yrs
Martín Umaran
Chief of Staff & Director
50
6.3 yrs
Mario Vázquez
Independent Director
$33K
82
6.8 yrs
Francisco Alvarez-Demalde
Independent Director
39
12.2 yrs
Phil Odeen
Independent Director
82
7.2 yrs
Marcos Galperín
Independent Director
47
4.7 yrs
Martin Sorrell
Member of Board of Advisors
73
Reid Hoffman
Member of Board of Advisors
51
Nick Beim
Member of Board of Advisors
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 26. Jun 18 | Sell | WPP plc | Company | 25. Jun 18 | 25. Jun 18 | -6,687,548 | $50.44 | $-337,319,921 | ||
Management checks
We assess Globant's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Globant has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
How To Take Advantage Of Globant S.A. (NYSE:GLOB) In A Bear Market
High quality companies, such as Globant S.A., are impacted by general market panic and sell-off, but the fundamentals of these companies stay the same. … Globant S.A., a technology services company, provides services related to application development, testing, infrastructure management, and application maintenance worldwide … the company provides employment to 8.38k people
Simply Wall St - – Full articleGlobant S.A. (NYSE:GLOB) Has Attractive Fundamentals
(NYSE:GLOB) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … In the case of GLOB, it
Simply Wall St - – Full articleWhen Should You Buy Globant S.A. (NYSE:GLOB)?
led the NYSE gainers with a relatively large price hike in the past couple of weeks. … With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … However, could the stock still be trading at a relatively cheap price
Simply Wall St - – Full articleShould We Be Delighted With Globant S.A.'s (NYSE:GLOB) ROE Of 16%?
This article is for those who would like to learn about Return On Equity (ROE). … Our data shows Globant has a return on equity of 16% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleRead This Before You Buy Globant S.A. (NYSE:GLOB) Because Of Its P/E Ratio
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Globant has a price to earnings ratio of 42.21, based on the last twelve months. … How Do I Calculate A Price To Earnings Ratio
Simply Wall St - – Full articleWhy Globant SA (NYSE:GLOB) Is A Buy When Markets Go Down
High quality companies, such as Globant SA, are impacted by general market panic and sell-off, but the fundamentals of these companies stay the same. … See our latest analysis for Globant. … Globant S.A., a technology services company, provides services related to application development, testing, infrastructure management, and application maintenance worldwide
Simply Wall St - – Full articleShould You Think About Buying Globant SA (NYSE:GLOB) Now?
saw significant share price volatility over the past couple of months on the NYSE, rising to the highs of $65.33 and falling to the lows of $47.06. … A question to answer is whether Globant's current trading price of $50.79 reflective of the actual value of the? … Let’s take a look at Globant’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change
Simply Wall St - – Full articleDoes Globant SA's (NYSE:GLOB) November Stock Price Reflect Its Future Growth?
Globant SA (NYSE:GLOB) closed yesterday at $53.42, which left some investors asking whether the high earnings potential can still be justified at this price. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors. … Globant's extremely high growth potential in the near future is attracting investors
Simply Wall St - – Full articleWhere Globant SA (NYSE:GLOB) Stands In Terms Of Earnings Growth Against Its Industry
After looking at Globant SA's (NYSE:GLOB) latest earnings announcement (30 June 2018), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … As a long term investor, I pay close attention to earnings trend, rather than the figures published at one point in time. … Did GLOB's recent earnings growth beat the long-term trend and the industry.
Simply Wall St - – Full articleThese Fundamentals Make Globant SA (NYSE:GLOB) Truly Worth Looking At
Attractive stocks have exceptional fundamentals. … In the case of Globant SA (NYSE:GLOB), there's … track record
Simply Wall St - – Full articleCompany Info
Description
Globant S.A., a technology services company, provides services related to application development, testing, infrastructure management, and application maintenance worldwide. The company offers machine learning, pattern recognition, natural language understanding, future of organizations, customer insight, behavioral change, product innovation, design thinking, product management discovery and delivery, and product coaching services. It also provides process appraisal, automated, process evolution, delivery management, agile consultancy, management consulting, user experience, visual and service, industrial design, mobile engineering, fast prototyping, and mobile and product strategy services. In addition, the company offers game engineering and experience, digital platform, virtual and augmented reality, graphics engineering, 3D and 2D art, e-Sports, data architecture, data science, distributed platform, data integration, data visualization, and blockchain services. Further, it provides Internet of things experience and consultancy, platform, hardware integration, content management system, e-learning, video content production, OTT, and Cloud Ops Studio services. Additionally, the company offers functional testing, load and performance testing, mobile testing, test automation, large scale Web applications, hybrid and cross-compiled development, accessibility, API management, micro, complex architecture, software archaeology, IT service management, and software evolution services, as well as services over platforms. It serves medium- to large-sized companies operating in media and entertainment, professional services, technology and telecommunications, travel and hospitality, banks, financial services and insurance, and consumer, and retail and manufacturing industries. The company was formerly known as IT Outsourcing S.L. and changed its name to Globant S.A. in December 2012. Globant S.A. was founded in 2003 and is based in Luxembourg City, Luxembourg.
Details
| Name: | Globant S.A. |
| GLOB | |
| Exchange: | NYSE |
| Founded: | 2003 |
| $2,569,053,255 | |
| 36,245,108 | |
| Website: | http://www.globant.com |
| Address: |
Globant S.A. 37A Avenue J.F. Kennedy, Luxembourg City, 1855, Luxembourg |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | GLOB | Common Shares | New York Stock Exchange | US | USD | 18. Jul 2014 | |
| DB | 2G2 | Common Shares | Deutsche Boerse AG | DE | EUR | 18. Jul 2014 | |
| LSE | 0RIX | Common Shares | London Stock Exchange | GB | USD | 18. Jul 2014 | |
| BDL | GLOB | Common Shares | Bourse de Luxembourg | LU | USD | 18. Jul 2014 |
Number of employees
Current staff
Industry
| Application Software | |
| Software |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/19 00:36 |
| End of day share price update: | 2019/03/18 00:00 |
| Last estimates confirmation: | 2019/03/07 |
| Last earnings filing: | 2019/02/14 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
