Global-E Online Ltd.

Description

Global-E Online Ltd., together with its subsidiaries, provides a platform to enable and accelerate direct-to-consumer cross-border e-commerce in Israel, the United Kingdom, the United States, and internationally. Its platform enables international shoppers to buy online and merchants to sell from, and to, worldwide. The company was incorporated in 2013 and is headquartered in Petah Tikva, Israel.

About

CEO
Mr. Amir Schlachet
Employees
923
Instrument type
Common Stock
Sector
Consumer Cyclical
Industry
Internet Retail
MIC code
XNGS
Address
9 HaPsagot Street, Petah Tikva, 4951041, Israel
Phone
972 7 326 05078
Website
Chart Image
× Enlarged Chart
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Summary
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Earnings

Date Estimate EPS Actual EPS Difference % Surprise
Nov 20, 2024 -0.15 -0.13 0.02 -13.33%
Aug 14, 2024 -0.16 -0.13 0.03 -18.75%
May 20, 2024 -0.22 -0.19 0.03 -13.64%
Feb 21, 2024 -0.13 -0.13 0.00 0.00%
Nov 15, 2023 -0.23 -0.20 0.03 -13.04%

Earnings estimate

Next Quarter
(Mar 2025)
Next Year
(Dec 2025)
Number of analysts 2 2
Average estimate 0.15 1.01
Low estimate 0.14 0.97
High estimate 0.16 1.04
Last year EPS 0.10 0.74
[stock_revenue_estimate]

Growth estimates

Current qtr
39.410%
Next qtr. (Mar 2025)
47.930%
Current year
28.230%
Next year (Dec 2025)
36.730%
Next 5 years (per annum)
Past 5 years (per annum)

Analyst Ratings

Date Firm Action Rating Price Target
Jan 10, 2025
Goldman Sachs
Will Nance
Maintains Buy ▲ Raises $56 → $63
Jan 6, 2025
Piper Sandler
Brent Bracelin
Maintains Overweight ▲ Raises $63 → $66
Nov 26, 2024
Keybanc
Justin Patterson
Maintains Overweight ▲ Raises $38 → $55
Nov 21, 2024
Benchmark
Mark Zgutowicz
Maintains Buy ▲ Raises $45 → $60
Nov 21, 2024
JMP Securities
Patrick Walravens
Maintains Market Outperform ▲ Raises $46 → $64
Nov 21, 2024
Raymond James
Brian Peterson
Maintains Outperform ▲ Raises $41 → $55
Nov 21, 2024
Wells Fargo
Andrew Bauch
Maintains Overweight ▲ Raises $45 → $60
Nov 21, 2024
Piper Sandler
Brent Bracelin
Reiterates Overweight ▲ Raises $44 → $63
Nov 20, 2024
Needham
Scott Berg
Maintains Buy ▲ Raises $48 → $55
Nov 18, 2024
Needham
Scott Berg
Reiterates Buy Maintains $48
Nov 18, 2024
Benchmark
Mark Zgutowicz
Maintains Buy ▲ Raises $41 → $45
Nov 18, 2024
Jefferies
Samad Samana
Maintains Buy ▲ Raises $45 → $50
Oct 18, 2024
Morgan Stanley
James Faucette
Downgrade Equal-Weight Maintains $40
Oct 18, 2024
UBS
Kunal Madhukar
Maintains Buy ▼ Lowers $50 → $48
Aug 15, 2024
Keybanc
Justin Patterson
Maintains Overweight ▼ Lowers $40 → $38
Aug 15, 2024
Needham
Scott Berg
Reiterates Buy Maintains $48
Aug 15, 2024
B of A Securities
Vivek Arya
Maintains Buy ▼ Lowers $47 → $45
Aug 15, 2024
Piper Sandler
Brent Bracelin
Maintains Overweight ▼ Lowers $47 → $44
Jul 16, 2024
Morgan Stanley
James Faucette
Maintains Overweight ▲ Raises $37 → $40
Jul 12, 2024
Piper Sandler
Brent Bracelin
Maintains Overweight ▼ Lowers $50 → $47
Jul 10, 2024
JMP Securities
Patrick Walravens
Reiterates Market Outperform Maintains $46
Jul 1, 2024
Goldman Sachs
Will Nance
Maintains Buy Maintains $43
May 28, 2024
JMP Securities
Patrick Walravens
Reiterates Market Outperform Maintains $46
May 21, 2024
Needham
Scott Berg
Reiterates Buy Maintains $48
May 21, 2024
Morgan Stanley
James Faucette
Upgrade Overweight ▲ Raises $33 → $37
May 21, 2024
JMP Securities
Patrick Walravens
Reiterates Market Outperform Maintains $46
May 21, 2024
Benchmark
Mark Zgutowicz
Reiterates Buy Maintains $41
May 21, 2024
B of A Securities
Vivek Arya
Maintains Buy ▲ Raises $46 → $47
Apr 5, 2024
Needham
Scott Berg
Reiterates Buy Maintains $48
Apr 1, 2024
Wells Fargo
Andrew Bauch
Maintains Overweight Maintains $40

Income statement

2023 2022 2021 2020 2019
Fiscal date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total reported revenue 569.95M 409.05M 245.27M 136.38M 65.85M
Cost of revenue 336.34M 250.87M 153.84M 92.90M 47.19M
Gross profit 233.60M 158.18M 91.43M 43.47M 18.66M
Operating expense
Research & development 97.57M 81.21M 29.76M 15.40M 12.03M
Selling general and admin 273.09M 266.30M 127.33M 19.66M 11.58M
Other operating expenses
Operating income -137.06M -189.32M -65.66M 8.41M -4.95M
Non operating interest income
Income
Expense 12.09M 8.57M 4.34M 2.56M
Other income expense
Pretax income -131.80M -201.42M -74.23M 4.07M -7.51M
Tax provision 2.01M -6.01M 705,000 160,000 34,000
Net income -133.81M -195.41M -74.93M 3.91M -7.54M
Basic EPS -0.81 -1.24 -0.74 0.01 -0.07
Diluted EPS -0.81 -1.24 -0.74 0.01 -0.07
Basic average shares 164.35M 157.69M 101.74M 114.55M 114.55M
Diluted average shares 164.35M 157.69M 101.74M 114.55M 114.55M
EBITDA 35.61M -10.86M 18.97M 8.65M -4.78M
Net income from continuing op. -133.81M -195.41M -74.93M 3.91M -7.54M
Minority interests
Preferred stock dividends 3.19M

Balance sheet

2023 2022 2021 2020 2019
Fiscal date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 1.20B 1.16B 846.13M 161.30M 43.60M
Current assets
Cash
Cash equivalents
Cash and cash equivalents 200.08M 165.03M 448.62M 68.64M 5.03M
Other short term investments 117.34M 63.17M 60.45M 23.33M 82,000
Accounts receivable 27.84M 16.42M 9.19M 3.59M 1.94M
Other receivables 111.23M 78.13M 57.64M 34.49M 21.61M
Inventory
Prepaid assets 14.81M 7.85M 6.27M 2.39M 10.65M
Restricted cash
Assets held for sale
Hedging assets
Other current assets 2.36M 764,000 1.27M 68,000 10.65M
Non current assets
Properties 23.05M 19.72M 20.11M 4.16M 1.40M
Land and improvements
Machinery furniture equipment 5.01M 4.02M 2.03M 1.16M 829,000
Construction in progress
Leases 9.63M 8.88M 2.27M 263,000 212,000
Accumulated depreciation -4.41M -2.62M -1.03M -706,000 -545,000
Goodwill 813.16M 833.59M
Investment properties
Financial assets
Intangible assets 78.02M 98.46M
Investments and advances
Other non current assets 199.47M 288.70M 198.07M 1.10M 618,000
Total liabilities 300.38M 234.48M 150.38M 205.81M 96.63M
Current liabilities
Accounts payable 50.94M 52.22M 24.06M 19.06M 9.04M
Accrued expenses 25.81M 16.19M 11.67M 3.77M 1.46M
Short term debt 4.03M 3.25M 2.52M 915,000 590,000
Deferred revenue 10.52M 9.16M 7.43M 4.42M
Tax payable 37.65M 26.35M 15.80M 15.30M 6.33M
Pensions 26.82M 19.92M 9.80M 4.59M 2.16M
Other current liabilities 6.50M 4.38M 2.67M 1.36M 619,000
Non current liabilities
Long term debt 19.29M 16.58M 18.80M 3.51M 849,000
Provision for risks and charges
Deferred liabilities 6.51M 6.56M 105,000 38,000
Derivative product liabilities 5.74M 215,000
Other non current liabilities 1.07M 1.76M
Shareholders equity
Common stock
Retained earnings -456.85M -323.05M -127.64M -52.71M -56.62M
Other shareholders equity -1.42M -1.93M -159,000 111,000
Total shareholders equity 901.98M 928.12M 695.75M -44.51M -53.03M
Additional paid in capital 1.36B 1.25B 823.55M 8.09M 3.59M
Treasury stock
Minority interest

Cash flow statement

202320222021202020192018
Operating Activities
Net Income-133.81M-195.41M-74.93M3.91M-7.54M-11.59M
Depreciation172.67M178.47M84.63M235,000171,000162,000
Deferred Taxes
Stock-Based Compensation44.96M38.91M12.00M3.96M221,000219,000
Other Non-Cash Items-671,000-1.22M24,000
Accounts Receivable-22.49M19.76M-34.86M-13.63M-2.51M-1.62M
Accounts Payable-1.28M16.65M5.01M10.02M4.13M1.32M
Other Assets & Liabilities-1.26M-11.32M41,000-150,000-222,000-213,000
Operating Cash Flow58.13M45.83M-8.09M4.34M-5.75M-11.73M
Investing Activities
Capital Expenditures-1.74M-8.35M-2.88M-456,000-264,000-108,000
Net Intangibles
Net Acquisitions-317.48M
Purchase of Investments-179.05M-86.78M-119.99M-23.59M-188,000-1.50M
Sale of Investments125.75M82.51M82.41M
Investing Cash Flow-55.04M-330.10M-40.49M-24.05M-452,000-1.61M
Financing Activities
Long-Term Debt Issuance
Long-Term Debt Payments
Other Financing Charges
Financing Cash Flow396.49M58.82M19.88M
Other Cash Details
End Cash Position268.60M211.52M458.90M85.03M20.37M13.65M
Income Tax Paid729,000249,0005,00068,00065,0008,000
Interest Paid
Free Cash Flow106.48M80.98M15.27M28.89M6.76M-8.10M
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