Global-e Online: A Strong Growth Story With A Bright Future And A Long Runaway
Portfolio Pulse from Jacob Engel
Global-E Online Ltd (NASDAQ:GLBE) provides end-to-end services for cross-border e-commerce. The company has been growing at a 70-100% YoY pace for a couple of years, but this is slowing down. In 2022, revenues grew by 66%, and in the first two quarters of 2023, revenues grew in the 50s. The company has a strategic partnership with Shopify, which owns 13.5% of Global-e. The company is profitable and has generated free cash flow for several years. A DCF model values Global-e at $58 per share, which is 60% higher than its current trading price.
August 17, 2023 | 3:14 pm
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POSITIVE IMPACT
Global-E Online Ltd (NASDAQ:GLBE) is a strong growth story with a bright future. The company is profitable and undervalued according to a DCF model.
The company has been growing at a 70-100% YoY pace for a couple of years, but this is slowing down. In 2022, revenues grew by 66%, and in the first two quarters of 2023, revenues grew in the 50s. The company has a strategic partnership with Shopify, which owns 13.5% of Global-e. The company is profitable and has generated free cash flow for several years. A DCF model values Global-e at $58 per share, which is 60% higher than its current trading price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Shopify has a strategic partnership with Global-E Online Ltd and owns 13.5% of the company.
Shopify has a strategic partnership with Global-E Online Ltd and owns 13.5% of the company. This partnership and ownership stake could potentially benefit Shopify if Global-E continues to grow and succeed.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70