How to buy GLG Corp (GLE) shares
Learn how to easily invest in GLG Corp shares.
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GLG Corp is an apparel manufacturing business based in Australia. GLG Corp shares (GLE) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian dollars. GLG Corp has a trailing 12-month revenue of around $189.1 million. If you're looking to buy shares, check out the steps below.
How to buy shares in GLG Corp
- Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the ASX. Our table can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, such as your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
- Search for GLG Corp . Find the share by name or ticker symbol: GLE. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until GLG Corp reaches your desired price. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- Check on your investment. Congratulations, you own a part of GLG Corp . Optimise your portfolio by tracking how your stock and the business performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that affect your stock.
GLG Corp stock price (ASX:GLE)Use our graph to track the performance of GLE stocks over time.
GLG Corp shares at a glance
|52-week range||$0.2397 - $0.3548|
|50-day moving average||$0.3|
|200-day moving average||$0.2905|
|Dividend yield||$0.01 (9.08%)|
|Earnings per share (TTM)||$0.083|
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Is it a good time to buy GLG Corp stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
GLG Corp price performance over time
|1 week (2022-06-20)||0.3|
|1 month (2022-05-27)||0.3|
|3 months (2022-03-25)||1.69%|
|6 months (2021-12-24)||13.21%|
|1 year (2021-06-25)||-16.67%|
|2 years (2020-06-26)||200.00%|
|3 years (2019-06-27)||130.77%|
|5 years (2017-06-27)||15.38%|
Is GLG Corp under- or over-valued?
Valuing GLG Corp stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of GLG Corp 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
GLG Corp 's P/E ratio
GLG Corp 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 4x. In other words, GLG Corp shares trade at around 4x recent earnings.
That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
GLG Corp 's EBITDA
GLG Corp 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $8.5 million (£0.0 million).
The EBITDA is a measure of a GLG Corp 's overall financial performance and is widely used to measure a its profitability.
GLG Corp financials
|Revenue TTM||$189.1 million|
|Operating margin TTM||2.65%|
|Gross profit TTM||$33.1 million|
|Return on assets TTM||2.09%|
|Return on equity TTM||7.64%|
|Market capitalisation||$22.2 million|
TTM: trailing 12 months
GLG Corp share dividends
Dividend payout ratio: 33.73% of net profits
Recently GLG Corp has paid out, on average, around 33.73% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 9.08% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), GLG Corp shareholders could enjoy a 9.08% return on their shares, in the form of dividend payments. In GLG Corp 's case, that would currently equate to about A$0.01 per share.
While GLG Corp 's payout ratio might seem fairly standard, it's worth remembering that GLG Corp may be investing much of the rest of its net profits in future growth.
The latest dividend was paid out to all shareholders who bought their shares by 17 September 2021 (the "ex-dividend date").
GLG Corp share price volatility
Over the last 12 months, GLG Corp 's shares have ranged in value from as little as $0.2397 up to $0.3548. A popular way to gauge a stock's volatility is its "beta".
Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while GLG Corp 's is -0.1405. This would suggest that GLG Corp 's shares have been inversely-correlated to the average (for this exchange) – so when the broader market trended up or down, GLG Corp has bucked the trend.
GLG Corp overview
GLG Corp Ltd engages in the manufacture, supply, and wholesale of knitwear, apparel, garment, and accessories worldwide. The company operates through two segments, Fabric and Garments. It offers ready to wear, casual active, performance, sleepwear, menswear, children's wear, private label, and ultra mask products. The company supplies its garments through marketing and manufacturing network primarily to retailers in the United States. The company was incorporated in 2005 and is headquartered in Singapore. GLG Corp Ltd is a subsidiary of Ghim Li Group Pte Ltd.
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