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
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Oscillators
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Summary
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Moving Averages
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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
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | -133.81M | -195.41M | -74.93M | 3.91M | -7.54M | -11.59M |
| Depreciation | 172.67M | 178.47M | 84.63M | 235,000 | 171,000 | 162,000 |
| Deferred Taxes | — | — | — | — | — | — |
| Stock-Based Compensation | 44.96M | 38.91M | 12.00M | 3.96M | 221,000 | 219,000 |
| Other Non-Cash Items | -671,000 | -1.22M | 24,000 | — | — | — |
| Accounts Receivable | -22.49M | 19.76M | -34.86M | -13.63M | -2.51M | -1.62M |
| Accounts Payable | -1.28M | 16.65M | 5.01M | 10.02M | 4.13M | 1.32M |
| Other Assets & Liabilities | -1.26M | -11.32M | 41,000 | -150,000 | -222,000 | -213,000 |
| Operating Cash Flow | 58.13M | 45.83M | -8.09M | 4.34M | -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 Investments | 125.75M | 82.51M | 82.41M | — | — | — |
| 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 Flow | — | — | 396.49M | 58.82M | — | 19.88M |
| Other Cash Details | ||||||
| End Cash Position | 268.60M | 211.52M | 458.90M | 85.03M | 20.37M | 13.65M |
| Income Tax Paid | 729,000 | 249,000 | 5,000 | 68,000 | 65,000 | 8,000 |
| Interest Paid | — | — | — | — | — | — |
| Free Cash Flow | 106.48M | 80.98M | 15.27M | 28.89M | 6.76M | -8.10M |
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