$Globant (GLOB.US)$In the 2023.3.23 analysis, it was exclude...

The Luxembourg company, which was listed in 2014, started in Argentina and is mainly in the custom software business. The main market is in the US, and the current price is 172.68.

Revenue has continued to grow over the past 5 years, with an average growth rate of 32%. The average growth rate in 2023 was 17.7%, the average operating profit growth rate was 25.2%, falling to 2.2% in 2023, the average net profit growth rate of 25.3%, and falling to 6.5% in 2023. Affected by the increase in stock issuance, the average 5-year earnings per share growth rate fell to 20.8% and 4.9% in 2023. Gross margin declined slightly from 38.6% to 36.1% in the past 5 years, while net profit margin fell from 8.2% to 7.6%, and return on net assets fell to 9.8%.

2024Q1 revenue increased 20.9%, operating profit increased 2.4%, and net profit increased 20.7%.

Goodwill and intangible assets have continued to increase over the past 5 years. At the time of the last analysis, it was still 920 million. Currently, it has reached 1.37 billion, while the net profit for 1 year is only 160 million.

Currently, the price-earnings ratio is 47.6 and the price-earnings ratio is TTM45.3. Considering that acquisition-driven growth is difficult to sustain, it is unattractive.