Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Galaxy Digital Holdings

DB:7LX
Snowflake Description

Mediocre balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
7LX
DB
CA$205M
Imp Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Galaxy Digital Holdings Ltd., an asset management firm, operates in the digital assets and blockchain technology industry. The last earnings update was 126 days ago. More info.


Add to Portfolio Compare Print
  • Galaxy Digital Holdings has significant price volatility in the past 3 months.
7LX Share Price and Events
7 Day Returns
-11.3%
DB:7LX
15%
DE Capital Markets
9.9%
DE Market
1 Year Returns
-71.5%
DB:7LX
-6.8%
DE Capital Markets
-17.5%
DE Market
7LX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Galaxy Digital Holdings (7LX) -11.3% -38.6% -36.9% -71.5% - -
DE Capital Markets 15% -18.3% -13.9% -6.8% -25.4% -54.7%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • 7LX underperformed the Capital Markets industry which returned -6.8% over the past year.
  • 7LX underperformed the Market in Germany which returned -17.5% over the past year.

Value

 Is Galaxy Digital Holdings 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
  • It is not possible to calculate the future cash flow value for Galaxy Digital Holdings. This is due to cash flow or dividend data being unavailable. The share price is €0.47.
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 Galaxy Digital Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Galaxy Digital Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:7LX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $-0.12
TSXV:GLXY Share Price ** TSXV (2020-03-31) in CAD CA$0.91
TSXV:GLXY Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.705 $0.64
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 22.26x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

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

** Primary Listing of Galaxy Digital Holdings.

DB:7LX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:GLXY Share Price ÷ EPS (both in USD)

= 0.64 ÷ -0.12

-5.15x

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

  • Galaxy Digital Holdings is loss making, we can't compare its value to the DE Capital Markets industry average.
  • Galaxy Digital Holdings is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Galaxy Digital Holdings's expected growth come at a high price?
Raw Data
DB:7LX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -5.15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.62x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*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 Galaxy Digital Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Galaxy Digital Holdings's assets?
Raw Data
DB:7LX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $3.36
TSXV:GLXY Share Price * TSXV (2020-03-31) in CAD CA$0.91
TSXV:GLXY Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.705 $0.64
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.56x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:7LX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:GLXY Share Price ÷ Book Value per Share (both in USD)

= 0.64 ÷ 3.36

0.19x

* Primary Listing of Galaxy Digital Holdings.

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

  • Galaxy Digital Holdings is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Galaxy Digital Holdings'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Galaxy Digital Holdings 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 Galaxy Digital Holdings 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 Galaxy Digital Holdings 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
38.9%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Galaxy Digital Holdings expected to grow at an attractive rate?
  • Unable to compare Galaxy Digital Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Galaxy Digital Holdings's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Galaxy Digital Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:7LX Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 38.9%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 1.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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
Raw Data
DB:7LX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:7LX Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-03-31
DB:7LX Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 0 -8
2019-06-30 0 -8
2019-03-31 0 -22
2018-12-31 0 -37
2018-09-30 0 -15
2018-06-30 0 -1
2018-03-31 0 0
2017-12-31 0 0
2017-09-30 0 0
2017-06-30 0 0
2017-03-31 0 0
2016-12-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Galaxy Digital Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if Galaxy Digital Holdings 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
DB:7LX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Galaxy Digital Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:7LX Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-03-31
DB:7LX Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 -0.12
2019-06-30 -0.14
2019-03-31 -0.52
2018-12-31 -1.37
2018-09-30 -1.43
2018-06-30 -4.61
2018-03-31 -2.73
2017-12-31 -1.18
2017-09-30 -0.84
2017-06-30 -0.74
2017-03-31 -0.75
2016-12-31 -0.87

*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 Galaxy Digital Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of 7LX’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.
  2. Galaxy Digital Holdings'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 Diversified Financials companies here
  3. Galaxy Digital Holdings'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 Galaxy Digital Holdings'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Galaxy Digital Holdings 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 Galaxy Digital Holdings 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 Galaxy Digital Holdings's growth in the last year to its industry (Capital Markets).
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.
  • Galaxy Digital Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Galaxy Digital Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Galaxy Digital Holdings's 1-year growth to the DE Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Galaxy Digital Holdings'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 Galaxy Digital Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:7LX Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 -8.17 0.00
2019-06-30 -8.05 -0.40
2019-03-31 -22.39 0.19
2018-12-31 -36.67 0.22
2018-09-30 -15.44 0.29
2018-06-30 -0.72 0.72
2018-03-31 -0.42 0.14
2017-12-31 -0.18 0.16
2017-09-30 -0.13 0.11
2017-06-30 -0.11 0.11
2017-03-31 -0.12 0.12
2016-12-31 -0.14 0.11
2016-09-30 -0.12 0.10
2016-06-30 -0.10 0.10
2016-03-31 -0.12 0.11
2015-12-31 -0.06 0.12
2015-09-30 -0.07 -0.07 0.16
2015-06-30 -0.05 -0.06 0.16
2015-03-31 -0.02 0.16
2014-12-31 -0.06 0.18
2014-09-30 0.07 -0.06 0.16
2014-06-30 0.05 -0.12 0.17
2014-03-31 -0.13 0.17
2013-12-31 -0.13 0.16
2013-09-30 -0.14 0.15
2013-06-30 -0.17 0.14

*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.
  • It is difficult to establish if Galaxy Digital Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Galaxy Digital Holdings has efficiently used its assets last year compared to the DE Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Galaxy Digital Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Galaxy Digital Holdings'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 Capital Markets 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.
Galaxy Digital Holdings has a total score of 0/6, 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 Galaxy Digital Holdings'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 Galaxy Digital Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Unable to compare short term assets to short term liabilities as Galaxy Digital Holdings has not reported sufficient balance sheet data.
  • Galaxy Digital Holdings has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Galaxy Digital Holdings'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.
  • Low level of unsold assets.
  • Galaxy Digital Holdings 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.
Raw Data

All data from Galaxy Digital Holdings Company Filings, last reported 6 months ago.

DB:7LX Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 225.69 0.00
2019-06-30 238.87 0.00
2019-03-31 204.58 0.00 0.00
2018-12-31 204.58 0.00 0.00
2018-09-30 218.78 0.00
2018-06-30 221.49 0.00 222.11
2018-03-31 -0.06 0.00 0.27
2017-12-31 0.22 0.00 0.32
2017-09-30 0.30 0.00 0.32
2017-06-30 0.32 0.00 0.33
2017-03-31 0.35 0.00 0.35
2016-12-31 0.38 0.00 0.41
2016-09-30 0.41 0.00 0.45
2016-06-30 0.44 0.00 0.46
2016-03-31 0.48 0.00 0.49
2015-12-31 0.50 0.00 0.52
2015-09-30 0.53 0.00 0.55
2015-06-30 0.56 0.00 0.58
2015-03-31 0.61 0.00 0.61
2014-12-31 0.66 0.00 0.70
2014-09-30 0.71 0.00 0.73
2014-06-30 0.73 0.00 0.75
2014-03-31 0.72 0.00 0.75
2013-12-31 0.78 0.00 0.80
2013-09-30 0.83 0.00 0.84
2013-06-30 0.86 0.00 0.87
  • Galaxy Digital Holdings has no debt.
  • Galaxy Digital Holdings has not taken on any debt in the past 5 years.
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.

  • Galaxy Digital Holdings has less than a year of cash runway based on current free cash flow.
  • Unable to confirm if Galaxy Digital Holdings has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Galaxy Digital Holdings'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. Galaxy Digital Holdings has a total score of 3/6, 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 Galaxy Digital Holdings'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
0%
Current annual income from Galaxy Digital Holdings dividends.
If you bought €2,000 of Galaxy Digital Holdings shares you are expected to receive €0 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?
  • Unable to evaluate Galaxy Digital Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Galaxy Digital Holdings'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.
Raw Data
DB:7LX 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
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

DB:7LX Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-03-31

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

  • Unable to perform a dividend volatility check as Galaxy Digital Holdings has not reported any payouts.
  • Unable to verify if Galaxy Digital Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Galaxy Digital Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Galaxy Digital Holdings has not reported any payouts.
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 Galaxy Digital Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Galaxy Digital Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Galaxy Digital Holdings 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

 What is the CEO of Galaxy Digital Holdings'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
Mike Novogratz
COMPENSATION $402,410
AGE 54
TENURE AS CEO 2.3 years
CEO Bio

Mr. Michael Edward Novogratz, also known as Mike, is the Chief Executive Officer and Founder of Galaxy Digital Ventures LLC. He was Director of Hut 8 Mining Corp. until May 13, 2019. He serves as an Advisor at Blockchain Capital. He served as Principal, Co-Chief Investment Officer of Macros, and Non-Independent Director at Fortress Investment Group LLC until December 31, 2015. Mr. Novogratz was responsible for the Liquid Markets business at the firm. He joined the Fortress Investment in March 2002. Mr. Novogratz also served as a Principal and Director of Fortress Credit Corporation. Prior to this, he spent 11 years at Goldman Sachs, where Mr. Novogratz became a Partner in 1998. He was the President at Goldman Sachs Latin America. Mr. Novogratz also served as the Head of Fixed Income, Currencies, and Commodities Risk in Fortress Investment’s Asian division. He serves on the Boards of Creative Alternatives of New York, PAX, and the School for Strings. Mr. Novogratz founded and serves as the Chairman of the Board of the School for Strings and Beat the Streets Wrestling, Inc. He serves as Member of the Board of Acumen Fund, Inc. Mr. Novogratz serves as the Honorary Chairman of USA Wrestling Foundation and the Chairman of The Friends of the Hudson River Park. He serves on the board of the NYU Langone Medical Center, Princeton Varsity Club, and The Jazz Foundation of America. Mr. Novogratz served as a Helicopter Pilot in the U.S. Army. He received an AB in Economics from Princeton University. He served on the New York Federal Reserve’s Investment Advisory Committee on Financial Markets from 2012 to 2015. He is a Founder at Galaxy Digital Holdings Ltd. He has been Chief Executive Officer of Galaxy Digital Holdings Ltd. Since November 2017 and serves as its Chairman.

CEO Compensation
  • Insufficient data for Mike to compare compensation growth.
  • Mike's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Galaxy Digital Holdings management team in years:

1.3
Average Tenure
  • The average tenure for the Galaxy Digital Holdings management team is less than 2 years, this suggests a new team.
Management Team

Mike Novogratz

TITLE
Founder
COMPENSATION
$402K
AGE
54
TENURE
2.3 yrs

Steve Kurz

TITLE
Head of Asset Management
COMPENSATION
$1M
TENURE
1.7 yrs

Donna Milia

TITLE
Senior Advisor
COMPENSATION
$852K
AGE
45
TENURE
0.4 yrs

Christopher Ferraro

TITLE
President
TENURE
0.7 yrs

Ashwin Prithipaul

TITLE
CFO & MD
TENURE
0.4 yrs

Joe McGrady

TITLE
MD & Head of Operations
TENURE
1.2 yrs

Andrew Siegel

TITLE
General Counsel & Chief Compliance Officer
TENURE
1.7 yrs

Sam Englebardt

TITLE
Head of Galaxy Interactive
TENURE
1.7 yrs

Luka Jankovic

TITLE
Head of Research & Portfolio Manager

Ian Taylor

TITLE
Head of Advisory
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the Galaxy Digital Holdings board of directors in years:

1.7
Average Tenure
48
Average Age
  • The average tenure for the Galaxy Digital Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Mike Novogratz

TITLE
Founder
COMPENSATION
$402K
AGE
54

Bill Koutsouras

TITLE
Lead Director
COMPENSATION
$55K
AGE
46

Theagenis Iliadis

TITLE
Independent Director
COMPENSATION
$55K
TENURE
1.7 yrs

Pierre Lagrange

TITLE
Director
COMPENSATION
$55K
AGE
57
TENURE
1.7 yrs

Jack Lee

TITLE
Independent Director
COMPENSATION
$50K
AGE
48
TENURE
1.7 yrs

Nereida Flannery

TITLE
Director
COMPENSATION
$50K
AGE
48
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
23. Sep 19 Sell Richard Tavoso Individual 16. Sep 19 17. Sep 19 -14,000 €1.30 €-17,855
13. Sep 19 Sell Richard Tavoso Individual 09. Sep 19 12. Sep 19 -19,700 €1.31 €-25,688
28. Aug 19 Buy Michael Novogratz Individual 26. Jun 19 26. Jun 19 2,591,177 €1.61 €4,163,477
02. Jul 19 Buy Christopher Ferraro Individual 28. Jun 19 28. Jun 19 17,400 €1.58 €27,471
27. Jun 19 Buy Christopher Ferraro Individual 25. Jun 19 25. Jun 19 42,500 €1.43 €60,962
27. Jun 19 Buy Richard Tavoso Individual 25. Jun 19 25. Jun 19 38,000 €1.42 €54,001
24. Jun 19 Buy Richard Tavoso Individual 21. Jun 19 21. Jun 19 27,100 €1.40 €37,813
21. Jun 19 Buy Richard Tavoso Individual 18. Jun 19 20. Jun 19 35,800 €1.38 €47,972
X
Management checks
We assess Galaxy Digital Holdings'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. Galaxy Digital Holdings 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

Company Info

Description

Galaxy Digital Holdings Ltd., an asset management firm, operates in the digital assets and blockchain technology industry. The company operates in four business lines, which include Trading, Asset Management, Principal Investments, and Advisory Services. It manages digital assets across three verticals, such as index fund management, blockchain ecosystem funds, and opportunistic funds. The company also manages a portfolio of early-stage investments primarily in blockchain infrastructure, custody, exchanges, ecosystems, and business to business software solutions, as well venture funds. In addition, it trades in digital assets; and offers advisory services, including general corporate advisory, mergers and acquisitions, transactions, restructuring, and capital raising. The company is headquartered in New York, New York.

Details
Name: Galaxy Digital Holdings Ltd.
7LX
Exchange: DB
Founded:
CA$131,784,754
CA$38,322,825
285,789,985
Website: http://www.galaxydigital.io
Address: Galaxy Digital Holdings Ltd.
107 Grand Street,
New York,
New York, 10013,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV GLXY New Common Shares TSX Venture Exchange CA CAD 16. Feb 2006
OTCPK BRPH.F New Common Shares Pink Sheets LLC US USD 16. Feb 2006
DB 7LX New Common Shares Deutsche Boerse AG DE EUR 16. Feb 2006
Number of employees
Current staff
Staff numbers
0
Galaxy Digital Holdings employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 23:17
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2019/12/09
Last earnings filing: 2019/11/26
Last earnings reported: 2019/09/30
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.