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Globe International Limited (GLB.AX)

Company Dividend Discount ModelIndustry: Apparel - ManufacturersSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$53.22 - $102.67$96.22
Multi-Stage$16.35 - $17.88$17.10
Blended Fair Value$56.66
Current Price$3.01
Upside1,782.34%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS13.90%22.59%0.230.140.360.180.120.120.100.060.070.03
YoY Growth--64.29%-61.11%100.01%49.98%0.00%20.02%66.64%-14.27%133.28%0.00%
Dividend Yield--7.69%5.22%17.68%4.31%2.12%11.40%6.21%4.54%8.01%2.25%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)21.27
(-) Cash Dividends Paid (M)15.34
(=) Cash Retained (M)5.92
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)4.252.661.59
Cash Retained (M)5.925.925.92
(-) Cash Required (M)-4.25-2.66-1.59
(=) Excess Retained (M)1.673.274.33
(/) Shares Outstanding (M)41.1941.1941.19
(=) Excess Retained per Share0.040.080.11
LTM Dividend per Share0.370.370.37
(+) Excess Retained per Share0.040.080.11
(=) Adjusted Dividend0.410.450.48
WACC / Discount Rate6.32%6.32%6.32%
Growth Rate5.50%6.50%7.50%
Fair Value$53.22$96.22$102.67
Upside / Downside1,668.24%3,096.64%3,311.03%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)21.2722.6524.1225.6927.3629.1430.01
Payout Ratio72.14%75.71%79.29%82.86%86.43%90.00%92.50%
Projected Dividends (M)15.3417.1519.1221.2823.6526.2227.76

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.32%6.32%6.32%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)15.9816.1316.28
Year 2 PV (M)16.6016.9217.24
Year 3 PV (M)17.2217.7118.21
Year 4 PV (M)17.8218.5119.21
Year 5 PV (M)18.4119.3020.23
PV of Terminal Value (M)587.38615.75645.20
Equity Value (M)673.41704.31736.37
Shares Outstanding (M)41.1941.1941.19
Fair Value$16.35$17.10$17.88
Upside / Downside443.12%468.05%493.91%

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