Financials Global-E Online Ltd.

Equities

GLBE

IL0011741688

Internet Services

Real-time Estimate Cboe BZX Other stock markets 19:42:03 16/01/2025 GMT			5-day change	1st Jan Change
56.41 ^USD	+1.06%		+5.30%	+3.15%

12-03	Global-e Online Sees 43% Rise in Black Friday-Cyber Monday Sales	MT
11-22	UBS Raises Price Target on Global-e Online to $60 From $48, Maintains Buy Rating	MT

Projected Income Statement: Global-E Online Ltd.

income-statement-evolution-chart GLOBAL-E-ONLINE-LTD

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	245.3	409	569.9	740.9	973.1	1,245
Change	-	-	66.77%	39.33%	30%	31.33%	27.94%
EBITDA ¹	-	32.42	48.7	92.74	139.5	196.4	269.8
Change	-	-	50.21%	90.41%	50.41%	40.78%	37.39%
EBIT ¹	-	-65.66	-189.3	-137.1	-71.79	54.09	182.4
Change	-	-	188.35%	-27.61%	47.62%	-	237.28%
Interest Paid ¹	-	-8.57	-12.02	-	-6.256	-6.499	-8.25
Earnings before Tax (EBT) ¹	-	-74.23	-201.4	-131.8	-78.35	50.12	179.6
Change	-	-	171.35%	-34.57%	40.55%	-	258.26%
Net income ¹	7.891	-74.93	-195.4	-133.8	-77.52	41.13	160.2
Change	-	-	160.77%	-31.52%	42.06%	-	289.55%
Announcement Date	19/02/21	16/02/22	22/02/23	21/02/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	57.29	59.12	82.72	76.32	87.3	105.6	139.9	117.6	133.3	133.6	185.4	145.9	165.9	169.1	250.9	193.1	221.9	230.6	324.6
Change	-	3.2%	39.92%	-7.73%	14.39%	20.9%	32.5%	-15.9%	13.33%	0.22%	38.77%	-21.32%	13.75%	1.92%	48.37%	-23.04%	14.93%	3.93%	40.75%
EBITDA ¹	7.613	7.743	11.83	3.282	11.13	12.54	21.76	14.48	20.98	22.09	35.18	21.26	26.46	29.73	55.44	29.48	40.87	42.1	76.55
Change	-	1.71%	52.77%	-72.25%	239.06%	12.66%	73.53%	-33.42%	44.83%	5.31%	59.23%	-39.56%	24.44%	12.36%	86.49%	-46.82%	38.63%	3.02%	81.83%
EBIT ¹	-19.49	-28.08	-22.19	-51.68	-49.3	-53.23	-35.11	-42.01	-36.4	-35.6	-23.06	-29.26	-27.34	-25.78	1.216	-23.24	8.312	15.15	49.8
Change	-	44.08%	-20.99%	132.91%	-4.6%	7.97%	-34.05%	19.65%	-13.36%	-2.18%	-35.24%	26.92%	6.58%	5.69%	-	-	-	82.32%	228.63%
Charge d'intérêts ¹	-2.42	0.217	-0.658	-1.666	0.68	-	-	-2.4	-0.754	3.405	-	-3.51	-1.04	-0.696	-1.728	-1.316	-1.51	-1.522	-2.151
Earnings before Tax (EBT) ¹	-21.91	-27.87	-22.85	-53.35	-48.62	-64.12	-35.32	-44.41	-37.15	-32.2	-18.04	-32.77	-28.27	-25.32	0.4704	-23.19	8.655	16.07	49.1
Change	-	27.18%	-18.01%	133.5%	-8.86%	31.87%	-44.91%	25.71%	-16.34%	-13.34%	-43.95%	81.61%	13.74%	10.43%	-	-	-	85.73%	205.42%
Net income ¹	-22.22	-28.47	-22.49	-53.59	-48.8	-64.55	-28.47	-43.08	-35.53	-33.09	-22.1	-32.05	-28.64	-26.47	-0.3218	-25.38	6.085	12.88	46.79
Change	-	28.1%	-21%	138.26%	-8.94%	32.28%	-55.89%	51.32%	-17.52%	-6.87%	-33.21%	45.03%	10.65%	7.56%	98.78%	-7,786.41%	-	111.67%	263.28%
Announcement Date	16/08/21	09/11/21	16/02/22	16/05/22	16/08/22	16/11/22	22/02/23	22/05/23	08/08/23	15/11/23	21/02/24	20/05/24	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Global-E Online Ltd.

balance-sheet-analysis-chart GLOBAL-E-ONLINE-LTD

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-509	-194	-321	-407	-606	-870
Change	-	-	-138.11%	-265.46%	-226.8%	-248.89%	-243.56%
Announcement Date	19/02/21	16/02/22	22/02/23	21/02/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Global-E Online Ltd.

Fiscal Period: December	2021	2022	2023	2024	2025	2026
CAPEX ¹	2.883	8.352	1.741	2.777	3.383	3.808
Change	-	189.7%	-79.15%	59.52%	21.8%	12.58%
Free Cash Flow (FCF) ¹	12.86	73.13	106.5	155.7	211	278.6
Change	-	468.46%	45.6%	46.2%	35.54%	32.06%
Announcement Date	16/02/22	22/02/23	21/02/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Global-E Online Ltd.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	-	13.22%	11.91%	16.27%	18.83%	20.18%	21.67%
EBIT Margin (%)	-	-26.77%	-46.28%	-24.05%	-9.69%	5.56%	14.65%
EBT Margin (%)	-	-30.26%	-49.24%	-23.12%	-10.57%	5.15%	14.42%
Net margin (%)	-	-30.55%	-47.77%	-23.48%	-10.46%	4.23%	12.87%
FCF margin (%)	-	5.25%	17.88%	18.68%	21.01%	21.68%	22.38%
FCF / Net Income (%)	-	-17.17%	-37.43%	-79.58%	-200.81%	513.01%	173.91%
Profitability
ROA	-	-	-	-	-	-	-
ROE	-	-23.01%	-24.07%	-14.62%	-8.8%	5.28%	13.99%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	1.18%	2.04%	0.31%	0.37%	0.35%	0.31%
CAPEX / EBITDA (%)	-	8.89%	17.15%	1.88%	1.99%	1.72%	1.41%
CAPEX / FCF (%)	-	22.41%	11.42%	1.64%	1.78%	1.6%	1.37%
Items per share
Cash flow per share ¹	-	0.155	0.517	0.6585	0.848	1.103	-
Change	-	-	233.55%	27.37%	28.78%	30.06%	-
Dividend per Share ¹	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
Book Value Per Share ¹	-	6.839	5.753	5.441	5.37	6.097	7.3
Change	-	-	-15.87%	-5.43%	-1.31%	13.55%	19.73%
EPS ¹	33	-0.74	-1.24	-0.81	-0.4594	0.2623	0.9199
Change	-	-102.24%	67.57%	-34.68%	-43.28%	-157.09%	250.69%
Nbr of stocks (in thousands)	-	145,641	156,470	164,254	166,992	166,992	166,992
Announcement Date	19/02/21	16/02/22	22/02/23	21/02/24	-	-	-