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Globe International

ASX:GLB
Snowflake Description

Excellent balance sheet, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GLB
ASX
A$48M
Market Cap
  1. Home
  2. AU
  3. Consumer Durables
Company description

Globe International Limited, together with its subsidiaries, designs, produces, and distributes purpose-built apparel, footwear, and skateboard hard goods for the board sports, street fashion, and work wear markets in Australia, North America, Europe, and internationally. The last earnings update was 40 days ago. More info.


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  • Globe International has significant price volatility in the past 3 months.
GLB Share Price and Events
7 Day Returns
-12.5%
ASX:GLB
11.3%
Global Luxury
13.4%
AU Market
1 Year Returns
-41%
ASX:GLB
-15.4%
Global Luxury
-18.8%
AU Market
GLB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Globe International (GLB) -12.5% -26.1% -36.4% -41% 1% -8.7%
Global Luxury 11.3% -13% -23.4% -15.4% 9.5% 14.6%
AU Market 13.4% -20.7% -24.4% -18.8% -15.9% -15.3%
1 Year Return vs Industry and Market
  • GLB underperformed the Luxury industry which returned -15.4% over the past year.
  • GLB underperformed the Market in Australia which returned -18.8% over the past year.
Price Volatility
GLB
Industry
5yr Volatility vs Market

Value

 Is Globe International 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 Globe International 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Globe International.

ASX:GLB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in AUD A$ .120000
Payout Ratio Company Filings (2019-12-31) 5285.8%
Discount Rate (Cost of Equity) See below 6.2%
Perpetual Growth Rate 10-Year AU Government Bond Rate 1.1%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:GLB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 1.1%
Equity Risk Premium S&P Global 5.4%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.84
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.842 (1 + (1- 30%) (26.03%))
0.938
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.94
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.08% + (0.938 * 5.44%)
6.18%

Discounted Cash Flow Calculation for ASX:GLB using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Globe International is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

ASX:GLB Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= A$0.12 / (6.18% - 1.08%)
A$2.35
ASX:GLB Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$2.35
Current discount Discount to share price of A$1.05
= -1 x (A$1.05 - A$2.35) / A$2.35
55.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Globe International is available for.
Intrinsic value
>50%
Share price is A$1.05 vs Future cash flow value of A$2.35
Current Discount Checks
For Globe International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Globe International's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Globe International's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Globe International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Globe International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:GLB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in AUD A$0.19
ASX:GLB Share Price ** ASX (2020-03-31) in AUD A$1.05
Global Luxury Industry PE Ratio Median Figure of 822 Publicly-Listed Luxury Companies 10.83x
Australia Market PE Ratio Median Figure of 514 Publicly-Listed Companies 12.86x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Globe International.

ASX:GLB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:GLB Share Price ÷ EPS (both in AUD)

= 1.05 ÷ 0.19

5.57x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Globe International is good value based on earnings compared to the Global Luxury industry average.
  • Globe International is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does Globe International's expected growth come at a high price?
Raw Data
ASX:GLB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Global Luxury Industry PEG Ratio Median Figure of 198 Publicly-Listed Luxury Companies 0.82x
Australia Market PEG Ratio Median Figure of 337 Publicly-Listed Companies 0.98x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Globe International, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Globe International's assets?
Raw Data
ASX:GLB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in AUD A$1.07
ASX:GLB Share Price * ASX (2020-03-31) in AUD A$1.05
Global Luxury Industry PB Ratio Median Figure of 1,161 Publicly-Listed Luxury Companies 0.66x
Australia Market PB Ratio Median Figure of 1,614 Publicly-Listed Companies 1.19x
ASX:GLB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:GLB Share Price ÷ Book Value per Share (both in AUD)

= 1.05 ÷ 1.07

0.99x

* Primary Listing of Globe International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Globe International is overvalued based on assets compared to the Global Luxury industry average.
X
Value checks
We assess Globe International's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Globe International has a total score of 4/6, 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 Globe International expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Globe International 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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!
Annual Growth Rate
12.4%
Expected Luxury industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Globe International expected to grow at an attractive rate?
  • Unable to compare Globe International's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Globe International's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Globe International's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:GLB Future Growth Rates Data Sources
Data Point Source Value (per year)
Global Luxury Industry Earnings Growth Rate Market Cap Weighted Average 12.4%
Global Luxury Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Australia Market Earnings Growth Rate Market Cap Weighted Average 9.7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 4%

*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
Raw Data
ASX:GLB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:GLB Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-12-31 159 6 8
2019-09-30 159 2 8
2019-06-30 159 -3 8
2019-03-31 157 -1 9
2018-12-31 156 2 9
2018-09-30 152 6 9
2018-06-30 148 11 8
2018-03-31 144 10 7
2017-12-31 140 9 6
2017-09-30 140 10 6
2017-06-30 140 11 5
2017-03-31 141 10 5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Globe International is high growth as no earnings estimate data is available.
  • Unable to determine if Globe International is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:GLB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Globe International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:GLB Past Financials Data
Date (Data in AUD Millions) EPS *
2019-12-31 0.19
2019-09-30 0.19
2019-06-30 0.20
2019-03-31 0.21
2018-12-31 0.22
2018-09-30 0.21
2018-06-30 0.20
2018-03-31 0.17
2017-12-31 0.14
2017-09-30 0.13
2017-06-30 0.12
2017-03-31 0.11

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Globe International will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Globe International is trading at Globe International'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Globe International's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Durables companies here
  3. Globe International's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Globe International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Global market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Globe International has a total score of 0/6, 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 Globe International 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
Below we compare Globe International's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Globe International has delivered over 20% year on year earnings growth in the past 5 years.
  • Globe International's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Globe International's 1-year earnings growth is negative, it can't be compared to the Global Luxury industry average.
Earnings and Revenue History
Globe International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Globe International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:GLB Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 158.99 7.82 65.83
2019-09-30 159.06 8.01 65.06
2019-06-30 159.14 8.20 64.29
2019-03-31 157.38 8.75 63.59
2018-12-31 155.62 9.29 62.90
2018-09-30 151.67 8.87 61.90
2018-06-30 147.73 8.44 60.90
2018-03-31 143.86 7.22 59.80
2017-12-31 140.00 5.99 58.70
2017-09-30 140.24 5.54 58.49
2017-06-30 140.48 5.08 58.27
2017-03-31 141.44 4.71 57.99
2016-12-31 142.40 4.33 57.71
2016-09-30 146.61 4.54 58.88
2016-06-30 150.82 4.74 60.05
2016-03-31 150.75 4.89 60.33
2015-12-31 150.68 5.04 60.61
2015-09-30 144.22 4.38 58.97
2015-06-30 137.76 3.72 57.33
2015-03-31 128.21 -3.91 54.90
2014-12-31 118.65 -11.54 52.47
2014-09-30 111.33 -11.92 49.13
2014-06-30 104.01 -12.30 45.78
2014-03-31 97.74 -8.80 44.84
2013-12-31 91.48 -5.29 43.90
2013-09-30 87.83 -5.62 42.85
2013-06-30 84.17 -5.96 41.81

*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.
  • Globe International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Globe International used its assets more efficiently than the Global Luxury industry average last year based on Return on Assets.
  • Globe International's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Globe International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Globe International has a total score of 2/6, 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 Globe International'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 Globe International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Globe International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Globe International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Globe International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 45.8x debt.
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.
Raw Data

All data from Globe International Company Filings, last reported 3 months ago.

ASX:GLB Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 44.17 1.39 13.48
2019-09-30 44.17 1.39 13.48
2019-06-30 44.53 1.64 9.50
2019-03-31 44.53 1.64 9.50
2018-12-31 43.50 0.00 9.87
2018-09-30 43.50 0.00 9.87
2018-06-30 41.05 0.00 16.80
2018-03-31 41.05 0.00 16.80
2017-12-31 36.80 0.00 13.57
2017-09-30 36.80 0.00 13.57
2017-06-30 35.23 0.00 10.81
2017-03-31 35.23 0.00 10.81
2016-12-31 34.92 4.59 13.70
2016-09-30 34.92 4.59 13.70
2016-06-30 33.01 4.95 9.02
2016-03-31 33.01 4.95 9.02
2015-12-31 32.93 5.28 7.30
2015-09-30 32.93 5.28 7.30
2015-06-30 31.28 0.00 10.30
2015-03-31 31.28 0.00 10.30
2014-12-31 30.19 0.00 8.91
2014-09-30 30.19 0.00 8.91
2014-06-30 26.43 1.47 9.61
2014-03-31 26.43 1.47 9.61
2013-12-31 40.56 2.44 11.55
2013-09-30 40.56 2.44 11.55
2013-06-30 39.07 0.00 6.41
  • Globe International's level of debt (3.2%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Globe International's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (463%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.4x coverage).
X
Financial health checks
We assess Globe International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Globe International has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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 Globe International'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
Dividend payments
11.43%
Current annual income from Globe International dividends.
If you bought A$2,000 of Globe International shares you are expected to receive A$229 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Globe International's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (3.22%).
  • Globe International's dividend is above the markets top 25% of dividend payers in Australia (8.38%).
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.
Raw Data
ASX:GLB Annualized Past and Future Dividends
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 0 Analyst Estimates (S&P Global) See Below
Global Luxury Industry Average Dividend Yield Market Cap Weighted Average of 572 Stocks 2.2%
Australia Market Average Dividend Yield Market Cap Weighted Average of 373 Stocks 5.4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.8%
Australia Bottom 25% Dividend Yield 25th Percentile 3.2%
Australia Top 25% Dividend Yield 75th Percentile 8.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:GLB Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2020-02-20 0.120 9.180
2019-08-21 0.140 9.527
2019-02-25 0.120 7.212
2018-08-23 0.120 5.415
2018-02-22 0.100 7.617
2017-08-22 0.100 8.936
2017-02-22 0.060 6.445
2016-08-23 0.060 5.702
2015-08-21 0.080 6.083
2015-02-27 0.060 5.523
2014-02-26 0.000 0.000
2013-08-26 0.000 0.000
2012-08-21 0.025 6.338
2011-08-18 0.050 13.126
2010-08-26 0.050 9.296

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Globe International's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Globe International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Globe International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Globe International has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Matt Hill
COMPENSATION A$1,486,863
TENURE AS CEO 15.4 years
CEO Bio

Mr. Matthew Patrick Hill, also known as Matt, has been the Chief Executive Officer of Globe International Ltd., since September 16, 2004. Mr. Hill serves as Global Strategic Development of Osata Enterprises Inc., a Controlled Entity of Globe International Ltd. Mr. Hill has spent the past 10 years in Los Angeles where he established Globe North America and headed the group's strategic development in the US. He started in the warehouse, came up through marketing, promotions, sales and product and then onto managerial roles - spending six years with Globe International in Australia before setting off to the US in 1995. Mr. Hill's brothers Stephen and Peter joined the BRW rich list when they crystallised their teenage passion for skateboarding into a $400 million fortune by listing Globe on the Australian Stock Exchange in May, 2001.

CEO Compensation
  • Matt's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Matt's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure

Average tenure and age of the Globe International management team in years:

15.3
Average Tenure
57
Average Age
  • The average tenure for the Globe International management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Matt Hill

TITLE
Chief Executive Officer
COMPENSATION
A$1M
TENURE
15.4 yrs

Peter Hill

TITLE
Co-Founder & Executive Director
COMPENSATION
A$409K
AGE
55
TENURE
35.2 yrs

Stephen Hill

TITLE
Co-Founder & Executive Director
COMPENSATION
A$411K
AGE
57
TENURE
35.2 yrs

Jessica Moelands

TITLE
Chief Financial Officer
COMPENSATION
A$511K

Gary Valentine

TITLE
COO & President of North America
COMPENSATION
A$574K
TENURE
9 yrs

Matt Wong

TITLE
President of Global Product
COMPENSATION
A$431K

Jon Moses

TITLE
President of Australasia
COMPENSATION
A$561K
TENURE
10 yrs

Steve Douglas

TITLE
Vice President of Marketing
COMPENSATION
A$266K

Gerhard Correa

TITLE
Company Secretary & Financial Controller
COMPENSATION
A$166K
AGE
58
TENURE
15.3 yrs

John Sherwood

TITLE
Vice President of North American Sales
COMPENSATION
A$243K
Board of Directors

Norman O’Bryan

TITLE
Chairman of Board
COMPENSATION
A$86K
AGE
61
TENURE
1.3 yrs

Peter Hill

TITLE
Co-Founder & Executive Director
COMPENSATION
A$409K
AGE
55

Stephen Hill

TITLE
Co-Founder & Executive Director
COMPENSATION
A$411K
AGE
57
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Globe International individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
25. Feb 20 Buy Stephen Hill Individual 24. Feb 20 24. Feb 20 21,790 A$1.53 A$33,339
05. Nov 19 Buy Stephen Hill Individual 01. Nov 19 01. Nov 19 49,500 A$1.23 A$60,878
X
Management checks
We assess Globe International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Globe International 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

Why Fundamental Investors Might Love Globe International Limited (ASX:GLB)

GLB's share price is trading at below its true value, meaning that the market sentiment for the stock is currently bearish. … Also, relative to the rest of its peers with similar levels of earnings, GLB's share price is trading below the group's average. … ASX:GLB Intrinsic value, August 27th 2019 Next Steps: For Globe International, I've put together three relevant factors you should look at: Future Outlook: What are well-informed industry analysts predicting for GLB’s future growth?

Simply Wall St -

Is Globe International Limited (ASX:GLB) An Attractive Dividend Stock?

Could Globe International Limited (ASX:GLB) be an attractive dividend share to own for the long haul? … Globe International paid out less in dividends than it reported in profits, but unfortunately it didn't generate enough free cash flow to cover the dividend. … First, the company has a payout ratio that was within an average range for most dividend stocks, but it paid out virtually all of its generated cash flow.

Simply Wall St -

Globe International Limited (ASX:GLB) Delivered A Better ROE Than Its Industry

One way to conceptualize this, is that for each A$1 of shareholders' equity it has, the company made A$0.21 in profit. … The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Globe International: 21% = AU$9.3m ÷ AU$43m (Based on the trailing twelve months to December 2018.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

Simply Wall St -

Do Directors Own Globe International Limited (ASX:GLB) Shares?

With a market capitalization of AU$66m, Globe International is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Globe International ASX:GLB Ownership Summary, July 24th 2019 What Does The Lack Of Institutional Ownership Tell Us About Globe International? … Insider Ownership Of Globe International The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

If You Like EPS Growth Then Check Out Globe International (ASX:GLB) Before It's Too Late

Check out our latest analysis for Globe International Globe International's Earnings Per Share Are Growing. … That's because insider buying often indicates that those closest to the company have confidence that the share price will perform well. … And the insider buying isn't the only sign of alignment between shareholders and the board, since Globe International insiders own more than a third of the company.

Simply Wall St -

Read This Before You Buy Globe International Limited (ASX:GLB) Because Of Its P/E Ratio

The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Globe International: P/E of 7.34 = A$1.65 ÷ A$0.22 (Based on the trailing twelve months to December 2018.) Is A High P/E Ratio Good? … ASX:GLB Price Estimation Relative to Market, June 17th 2019 Its relatively low P/E ratio indicates that Globe International shareholders think it will struggle to do as well as other companies in its industry classification. … If the reality for a company is not as bad as the P/E ratio indicates, then the share price should increase as the market realizes this.

Simply Wall St -

Did The Underlying Business Drive Globe International's (ASX:GLB) Lovely 319% Share Price Gain?

One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … We can see that the Globe International share price is up 40% in the last three years. … We note that for Globe International the TSR over the last 5 years was 462%, which is better than the share price return mentioned above.

Simply Wall St -

Does Globe International Limited's (ASX:GLB) CEO Salary Reflect Performance?

Check out our latest analysis for Globe International How Does Matt Hill's Compensation Compare With Similar Sized Companies? … At the time of writing our data says that Globe International Limited has a market cap of AU$71m, and is paying total annual CEO compensation of AU$1.5m. … We compared total CEO remuneration at Globe International Limited with the amount paid at companies with a similar market capitalization.

Simply Wall St -

Why Globe International Limited (ASX:GLB) Could Be Your Next Investment

Help shape the future of investing tools and you could win a $250 gift card! … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … is a company with great financial health as well as a

Simply Wall St -

Can Globe International Limited's (ASX:GLB) ROE Continue To Surpass The Industry Average?

Globe International has a ROE of 21%, based on the last twelve months. … That means that for every A$1 worth of shareholders' equity, it generated A$0.21 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Company Info

Description

Globe International Limited, together with its subsidiaries, designs, produces, and distributes purpose-built apparel, footwear, and skateboard hard goods for the board sports, street fashion, and work wear markets in Australia, North America, Europe, and internationally. The company markets its products under various proprietary brands, such as Globe, Salty Crew, FXD, Almost, enjoi, Girl, Flip, Chocolate, Thrasher, Lakai, and Impala Rollerskates. It also licenses and distributes third party brands, such as Stüssy, Obey, M/SF/T, XLarge, Pro-Tec, and Hardcore. The company offers its products directly and through third party distributors, as well as through retail stores. Globe International Limited was founded in 1984 and is based in Port Melbourne, Australia.

Details
Name: Globe International Limited
GLB
Exchange: ASX
Founded: 1984
A$48,098,028
41,463,818
Website: http://www.globecorporate.com
Address: Globe International Limited
1 Fennell Street,
Port Melbourne,
Victoria, 3207,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX GLB Ordinary Shares Australian Securities Exchange AU AUD 28. May 2001
CHIA GLB Ordinary Shares Chi-X Australia AU AUD 28. May 2001
Number of employees
Current staff
Staff numbers
0
Globe International employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 10:35
End of day share price update: 2020/03/31 00:00
Last earnings filing: 2020/02/20
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


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.