Global-e Online Stock Fair Value – GLOBAL-E ONLINE Reports 26.6% YOY Revenue Increase of USD 133.6 Million for FY2023 Q3

☀️Earnings Overview

GLOBAL-E ONLINE ($NASDAQ:GLBE) recorded revenue of USD 133.6 million in their FY2023 Q3 earnings results, which was a 26.6% increase compared to the same quarter the previous year. The company’s net income improved significantly, from -64.6 million in the same quarter last year to -33.1 million as of September 30 2023.

Analysis – Global-e Online Stock Fair Value

GoodWhale has completed an analysis of GLOBAL-E ONLINE‘s financials and concluded that the fair value of GLOBAL-E ONLINE share is approximately $60.3, as determined by our proprietary Valuation Line. Currently, the stock is being traded at $28.8, thus representing a significant undervaluation of 52.2%. This presents a great opportunity for investors to take advantage of the undervaluation and invest in the stock. Our Valuation Line model takes into account various financial metrics such as revenue growth, profitability, cash flow, and debt levels to accurately assess the value of a stock. By using this model to analyze GLOBAL-E ONLINE’s financials, we have determined that the current trading price of the stock is significantly lower than its fair value. Given the current undervaluation, investing in GLOBAL-E ONLINE at its current price could be a great opportunity for investors to maximize their returns. Our analysis provides investors with the necessary information to make an informed decision about investing in GLOBAL-E ONLINE. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Global-e Online. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Global-e Online. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Global-e Online. More…

Key Ratios Snapshot

Some of the financial key ratios for Global-e Online are shown below. More…

Peers

The competition between Global E Online Ltd and its competitors is fierce. Each company is trying to gain market share and increase profits. Global E Online Ltd has a strong presence in the online market, but its competitors are also very active.

– Shinsegae International Co Ltd ($KOSE:031430)

As of 2022, Shinsegae International Co Ltd has a market capitalization of 901.42 billion dollars and a return on equity of 58.75%. The company is involved in a variety of businesses, including retail, department stores, food and beverages, and more. It is one of the largest companies in South Korea and is headquartered in Seoul.

– PChome Online Inc ($TPEX:8044)

PChome Online Inc is a Taiwan-based company principally engaged in the provision of online services. The Company operates its business through three segments. Its first segment is the operation of PChome Online, an online platform in Taiwan. PChome Online’s main businesses include online marketplace, which offers products in categories, including consumer electronics, books, digital content, fashion and beauty, home and living, food and beverage, and others; online shopping mall, which offers products in categories, including 3C products, home appliances, books, fashion and beauty, furniture, food and beverage, mother and baby care products, digital content and others; and payment and logistics services. Its second segment is the operation of e-commerce platforms outside Taiwan, which is engaged in the operation of e-commerce platforms in Hong Kong and the United States. Its third segment is the provision of software development services.

– Allegro.EU SA ($LTS:0A5O)

Allegro.EU SA is a Polish e-commerce company with a market cap of 26.95B as of 2022. The company has a Return on Equity of 7.15%. Allegro.EU SA operates an online marketplace in Poland, which offers a wide range of products in categories including books, media, electronics, and fashion.

Summary

Investors should take note of GLOBAL-E ONLINE‘s Q3 FY2023 earnings results, which reported a total revenue of USD 133.6 million, a 26.6% increase year over year. Despite this impressive growth, net income was -33.1 million, an improvement from the -64.6 million reported in the same quarter last year. This figure may have contributed to the decreased stock price on the same day. As such, investors should consider researching further before investing in GLOBAL-E ONLINE.