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Globe International Limited (GLB) Fair Value & Analysis

Consumer Cyclical · AU · Market cap A$93.7M

GI Globe International Limited GLB · AU
PriceA$2.33
Fair ValueA$3.46
Upside+48.5%
Quality65/100
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Mixed Growth
Thin margins · 4.0% net margin
Low debt · generates free cash flow
8.85% dividend yield
Ranks above peers (12/15)
Narrow moat 42/100
Evidence: High Range A$2.57 – A$4.48 Share as image

Fair value as of: Jul 13, 2026

From 24 valuation models · updated 28 days ago

Fair value updated Jul 13, 2026, revised from A$3.48 to A$3.46 (−0.6%) since Jun 24, 2026. Share price +3.1% over the past month.

A solid business, screening 49% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (A$2.57). The market is more pessimistic than our downside scenario.
  • Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

A$5.78 A$1.68 Fair Value A$3.46 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range A$1.68 – A$5.78 · fair‑value band A$2.57 – A$4.48 · the A$2.33 price screens below the A$3.46 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

Globe International Limited (GLB) currently trades at A$2.33, while our model-based Fair Value estimate is A$3.46, implying the stock looks roughly 48.5% undervalued today. The Quality Score stands at 65/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Globe International Limited generated revenue of A$210M at a net margin of 4.0%. Revenue grew 3.0% year over year. It earns a return on equity of 10.9%. The stock trades on a trailing P/E of 12.1. Fundamentals as of Jul 13, 2026

Our scenario range runs from A$2.57 (bear case) to A$4.48 (bull case); at A$2.33, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 20% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 1% fair-value upside, at 49%, GLB screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF A$2.15 A$2.54 A$3.13 80
Residual Income A$1.60 A$1.78 A$2.27 76
Rev-Margin DCF A$2.70 A$3.85 A$5.28 74
All 24 models by family
DCF Models
FCF DCF A$2.12 A$2.52 A$3.21 38
Owner Earnings A$2.58 A$3.10 A$3.97 31
5Y Revenue Exit A$2.70 A$3.82 A$5.45 39
5Y EBITDA Exit A$2.97 A$4.27 A$5.99 41
5Y P/E Exit A$2.97 A$4.28 A$5.83 38
10Y Revenue Exit A$2.35 A$3.18 A$4.13 36
10Y EBITDA Exit A$2.55 A$3.43 A$4.44 37
10Y P/E Exit A$2.55 A$3.44 A$4.35 35
Earnings-Based
Graham-Dodd A$1.61 A$2.75 A$3.36 54
EPV A$2.04 A$2.24 A$2.41 59
Dividend Discount
Gordon GGM A$1.60 A$1.90 A$2.18 70
DDM Multi-Stage A$1.60 A$1.99 A$2.38 61
Multiples
P/E Multiple A$3.90 A$5.20 A$6.50 63
P/S Multiple A$3.01 A$4.02 A$5.02 58
P/B Multiple A$3.01 A$4.02 A$5.02 55
EV/EBIT A$4.94 A$6.47 A$8.00 53
EV/EBITDA A$4.24 A$5.53 A$6.83 54
EV/Revenue A$3.44 A$4.77 A$6.09 43
Asset-Based
NCAV (Graham) A$0.9300 A$1.25 A$1.86 50
Growth DCF
Growth DCF A$2.15 A$2.54 A$3.13 80
Rev-Margin DCF A$2.70 A$3.85 A$5.28 74
Economic Profit
Residual Income A$1.60 A$1.78 A$2.27 76
ROIC Compounder A$2.05 A$2.28 A$2.50 72
Growth Earnings
Growth-Adj P/E A$2.75 A$3.93 A$5.10 68

Widest divergence: Multiples (A$4.77) versus Asset-Based (A$1.25). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) A$210M
Revenue growth (YoY) +3.0%
Net margin 4.0%
Return on equity 10.9%
Free cash flow A$9.8M FY2025
P/E ratio 12.1
More key figures
Operating margin 5.5%
EPS (TTM) A$0.2000
Dividend yield 8.9%
EPS growth (YoY) -28.2%
Net cash A$529K FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 65 · Market factors (momentum, volatility) 34

Profitability 65
Margins and returns on capital today
Quality Growth 17
Are margins and returns improving?
Cashflow 48
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 18
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Globe International Limited, together with its subsidiaries, designs and manufactures apparel, footwear, and hardgoods in Australia, the United States, and internationally. The company offers skate hardware, work boots, roller and inline skates, skateboards, socks, optics, helmets and pads, and related accessories.

Full company description

Globe International Limited, together with its subsidiaries, designs and manufactures apparel, footwear, and hardgoods in Australia, the United States, and internationally. The company offers skate hardware, work boots, roller and inline skates, skateboards, socks, optics, helmets and pads, and related accessories. It sells its products under various proprietary brands, such as Globe, Salty Crew, FXD, Impala Skate, and X/DMG; and licenses and distributes third party brands, including XLarge, S/DOUBLE, Stance, SZADE, Ritual Vision, Pro-Tec, and Hardcore Distribution. The company serves boardsports, street fashion, outdoor, and workwear markets. Globe International Limited was founded in 1984 and is based in Port Melbourne, Australia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Globe International Limited reported revenue of A$206M in FY2025 versus A$267M in FY2021, a compound −6.2%/yr. Reported net income was A$9.8M in FY2025, compounding −26.3%/yr from FY2021.

Growth Quality 61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
A$206M
Latest YoY
−7.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−9.1%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.4%
Avg. growth/yr (25Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.9%
Revenue −6.2%/yr
FY21 A$267M
FY22 A$274M
FY23 A$234M
FY24 A$222M
FY25 A$206M
Net income −26.3%/yr
FY21 A$33.3M
FY22 A$18.6M
FY23 A$1.6M
FY24 A$11.5M
FY25 A$9.8M
Character of growth · EPS growth decomposed (2015-2025) +7.2 % p.a.
Revenue per share +5.1 pp

of which total revenue +5.1 pp · buybacks/dilution +0.0 pp

EBIT margin +2.8 pp
Tax rate −1.0 pp
Residual (interest, one-offs) +0.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Globe International Limited Fair Value". https://www.fairvalue-calculator.com/stock/GLB

Peer Group

Apparel Manufacturing · 212 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 65 · Top 25%
Fair Value upside +49% · Top 25%
Return on equity (TTM) 11% · Above median
Return on assets 6% · Top 25%
Net margin (TTM) 4% · Above median
Operating margin (TTM) 5% · Above median
Revenue growth 3% · Above median
Dividend yield (TTM) 8.9% · Top 25%
Debt / equity 0.08× · Higher than median

Valuation Multiples vs Apparel Manufacturing median · lower = cheaper

P/E (TTM) 11.3× · Cheaper than 75% of peers
P/B 0.86× · Cheaper than median
P/S (TTM) 0.32× · Cheaper than median
P/FCF 6.8× · Pricier than 75% of peers
EV/EBITDA 3.7× · Cheaper than 75% of peers
PEG 4.82× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 98 · sector 32
FUTURE 15 · sector 4
PAST 44 · sector 21
HEALTH 96 · sector 98
DIVIDEND 100 · sector 49

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Apparel Manufacturing stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
H & M Hennes & Mauritz AB HMB kr 163.45 kr 165.47 +1%
Ralph Lauren Corporation RL $374.08 $224.21 -40%
Moncler S.p.A MONC €52.08 €50.69 -3%
LPP SA LPP 19,380 PLN 17,754 PLN -8%
Bosideng International Holdings 3998 HK$4.88 HK$5.92 +21%
Youngor Fashion Co 600177 ¥7.57 ¥5.59 -26%
Page Industries Limited PAGEIND ₹39,900 ₹12,395 -69%
Hla Group 600398 ¥6.05 ¥9.92 +64%
Eclat Textile Co 1476 333.50 TWD 357.81 TWD +7%
Youngone Corporation 111770 87,600 KRW 196,629 KRW +124%

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Frequently asked questions

Is Globe International Limited (GLB) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of A$3.46 versus a price of A$2.33, about +49% (undervalued).
What is the fair value of GLB?
Our model-based fair value for Globe International Limited is A$3.46 (as of Jul 13, 2026), built from audited fundamentals. The current price is A$2.33.
What is the quality score of GLB?
Globe International Limited has a Quality Score of 65/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Globe International Limited (GLB)?
Globe International Limited reported trailing-twelve-month revenue of about A$210M (latest available figure, as of Jul 13, 2026).
What is the net profit margin of GLB?
The net profit margin of Globe International Limited is about 4.0%, meaning it keeps roughly 4.0% of revenue as net income. Based on the latest reported figures.
Does Globe International Limited pay a dividend?
Globe International Limited currently shows a dividend yield of about 8.26% relative to its recent price (as of Jul 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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