Global E Online (GLBE)
Market Price (11/18/2025): $35.08 | Market Cap: $6.0 BilSector: Consumer Discretionary | Industry: Broadline Retail
Global E Online (GLBE)
Market Price (11/18/2025): $35.08Market Cap: $6.0 BilSector: Consumer DiscretionaryIndustry: Broadline Retail
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 33% | Weak multi-year price returns2Y Excs Rtn is -55%, 3Y Excs Rtn is -2.8% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -25 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2.9% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18% | Expensive valuation multiplesP/SPrice/Sales ratio is 7.1x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 39x | |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -45% | Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.9% | |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, Fintech & Digital Payments, and Cloud Computing. Themes include Direct-to-Consumer Brands, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 33% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -45% |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, Fintech & Digital Payments, and Cloud Computing. Themes include Direct-to-Consumer Brands, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -55%, 3Y Excs Rtn is -2.8% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -25 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2.9% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 7.1x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 39x |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.9% |
Market Valuation & Key Metrics
GLBE Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
Here are the key points for why Global E Online (GLBE) stock moved by approximately 6% between July 31, 2025, and November 18, 2025:
**1. Strong Q2 2025 Earnings Beat.**
Global E Online reported its second-quarter 2025 financial results on August 13, 2025, exceeding analyst expectations. The company announced an Earnings Per Share (EPS) of $0.06, significantly beating the consensus estimate of $0.02. Additionally, revenue increased by 27.9% year-over-year to $214.88 million, also surpassing analysts' forecasts.
2. Authorization of a $200 Million Share Repurchase Program.
On September 4, 2025, Global E Online's Board of Directors authorized a share repurchase program, allowing the company to buy back up to $200 million of its ordinary shares. This program represents up to 3.5% of its outstanding shares and is often viewed by investors as a signal that management believes the stock is undervalued, which can positively impact share price.
3. Acquisition of ReturnGo Ltd.
Global E Online announced on July 31, 2025, the acquisition of ReturnGo Ltd., a leading provider of AI-powered return and exchange solutions. This strategic acquisition enhances Global-e's platform capabilities, offering a more comprehensive suite of services to its merchants and potentially expanding its market reach.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| GLBE Return | - | - | -67% | 92% | 38% | -36% | -45% |
| Peers Return | 32% | 23% | -31% | -9% | -6% | -18% | -20% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 13% | 107% |
Monthly Win Rates [3] | |||||||
| GLBE Win Rate | - | 57% | 33% | 58% | 50% | 60% | |
| Peers Win Rate | 27% | 38% | 30% | 33% | 32% | 42% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| GLBE Max Drawdown | - | - | -73% | -1% | -28% | -46% | |
| Peers Max Drawdown | -19% | -7% | -39% | -41% | -38% | -37% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: MELI, M, BBBY, JFBR, JWEL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 11/17/2025 (YTD)
How Low Can It Go
| Event | GLBE | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -79.1% | -25.4% |
| % Gain to Breakeven | 378.6% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
Compare to MELI, M, BBBY, JFBR, JWEL
In The Past
Global E Online's stock fell -79.1% during the 2022 Inflation Shock from a high on 9/1/2021. A -79.1% loss requires a 378.6% gain to breakeven.
Preserve Wealth
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Asset Allocation
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Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select past ideas related to GLBE. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 10312025 | LRN | Stride | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -5.8% | -5.8% | -5.8% |
| 10312025 | DECK | Deckers Outdoor | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 1.6% | 1.6% | -2.4% |
| 10312025 | ATGE | Adtalem Global Education | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | -1.6% | -1.6% | -5.9% |
| 10242025 | GNTX | Gentex | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -3.2% | -3.2% | -3.2% |
| 10172025 | LNW | Light & Wonder | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 12.4% | 12.4% | -6.2% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 10312025 | LRN | Stride | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -5.8% | -5.8% | -5.8% |
| 10312025 | DECK | Deckers Outdoor | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 1.6% | 1.6% | -2.4% |
| 10312025 | ATGE | Adtalem Global Education | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | -1.6% | -1.6% | -5.9% |
| 10242025 | GNTX | Gentex | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -3.2% | -3.2% | -3.2% |
| 10172025 | LNW | Light & Wonder | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 12.4% | 12.4% | -6.2% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Global E Online
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 12.46 |
| Mkt Cap | 5.6 |
| Rev LTM | 11,888 |
| Op Inc LTM | 412 |
| FCF LTM | 376 |
| FCF 3Y Avg | 256 |
| CFO LTM | 774 |
| CFO 3Y Avg | 746 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 14.9% |
| Rev Chg 3Y Avg | 17.5% |
| Rev Chg Q | 13.0% |
| QoQ Delta Rev Chg LTM | 2.7% |
| Op Mgn LTM | 0.4% |
| Op Mgn 3Y Avg | -2.4% |
| QoQ Delta Op Mgn LTM | 1.2% |
| CFO/Rev LTM | 12.1% |
| CFO/Rev 3Y Avg | 10.9% |
| FCF/Rev LTM | 10.2% |
| FCF/Rev 3Y Avg | 8.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 5.6 |
| P/S | 2.2 |
| P/EBIT | 2.4 |
| P/E | 4.1 |
| P/CFO | 7.2 |
| Total Yield | 0.8% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 6.7% |
| D/E | 0.1 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 4.5% |
| 3M Rtn | 2.0% |
| 6M Rtn | 0.0% |
| 12M Rtn | 4.6% |
| 3Y Rtn | -2.0% |
| 1M Excs Rtn | 4.4% |
| 3M Excs Rtn | 0.0% |
| 6M Excs Rtn | -11.9% |
| 12M Excs Rtn | -5.2% |
| 3Y Excs Rtn | -60.5% |
Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 6302025 | 8132025 | 6-K 6/30/2025 |
| 3312025 | 5142025 | 6-K 3/31/2025 |
| 12312024 | 3272025 | 20-F 12/31/2024 |
| 9302024 | 11202024 | 6-K 9/30/2024 |
| 6302024 | 8142024 | 6-K 6/30/2024 |
| 3312024 | 5202024 | 6-K 3/31/2024 |
| 12312023 | 3282024 | 20-F 12/31/2023 |
| 9302023 | 11152023 | 6-K 9/30/2023 |
| 6302023 | 8082023 | 6-K 6/30/2023 |
| 3312023 | 5222023 | 6-K 3/31/2023 |
| 12312022 | 3312023 | 20-F 12/31/2022 |
| 9302022 | 11172022 | 6-K 9/30/2022 |
| 6302022 | 8162022 | 6-K 6/30/2022 |
| 3312022 | 5162022 | 6-K 3/31/2022 |
| 12312021 | 3282022 | 20-F 12/31/2021 |
| 9302021 | 11092021 | 6-K 9/30/2021 |
External Quote Links
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