Cartesian Growth Corp Stock Research

GLBL Stock Price

GLBL RSI Chart

GLBL Valuation

Market Cap

376.4M

Price/Earnings (Trailing)

20.5

Price/Sales (Trailing)

178.93

Price/Free Cashflow

-500.67

GLBL Price/Sales (Trailing)

GLBL Profitability

Return on Equity

31.55%

Return on Assets

4.39%

Free Cashflow Yield

-0.2%

GLBL Fundamentals

GLBL Revenue

Revenue (TTM)

2.1M

GLBL Earnings

Earnings (TTM)

15.3M

Earnings Y/Y

240.11%

Earnings Q/Q

3.3K%

Price Action

Last 7 days

3.0%

Last 30 days

5.3%

Last 90 days

4.2%

Trailing 12 Months

4.3%

GLBL Financial Health

Current Ratio

122.89

GLBL Investor Care

Shares Dilution (1Y)

14.33%

Financials for Cartesian Growth

* denotes actual numbers (not divided by Thousands)
Income Statement (Last 12 Months)					(In Thousands)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Revenue	NaN%				75,164	69,439
Gross Profit	18.5%	29,339	24,749	23,219	-	-
Operating Expenses	4.3%	1,423	1,364	1,404	1,012	717
S&GA Expenses	88.0%	37,561	19,983	14,124	-	-
EBITDA	-	-9,154	-	-	-	-
Earnings Before Taxes	-818.8%	-10,145	1,411	5,264	-	-
Interest Expenses	-30.5%	452	650	1,811	1,988	-
Net Income	1188.2%	15,264	1,185	10,690	1,948	-2,026
Net Income Margin	15.9%	8.73*	7.53*	95.64*	-33.07*	-63.27*
Free Cahsflow	1289.0%	9,110	-766	-781	-908	-992

* denotes actual numbers (not divided by Thousands)
Balance Sheet					(In Thousands)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Assets	0.4%	347,588	346,167	345,345	345,653	345,938
Current Assets	9943.6%	60,423	602	174	49,970	914
Cash Equivalents	2098.5%	12,425	565	109	12,962	9,797
Net PPE	96.1%	1,487	758	-	-	-
Liabilities	-25.9%	19,409	26,203	25,122	35,351	36,138
Current Liabilities	57.6%	492	312	213	182	118*
Shareholder's Equity	289.0%	48,386	-25,601	-24,928	56,292	54,392
Retained Earnings	73.7%	-6,727	-25,602	-24,929	1,178	-35,225
Additional Paid-In Capital	Infinity%	32,106	-	-	32,106	-
Shares Outstanding	0%	34,500	34,500	34,500	34,500	-
Minority Interest	-62.1%	5.00	13.00	-	-	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Cashflow From Operations	-35.0%	9.00	15.00	15.00	14.00	8.00
Share Based Compensation	25.0%	0.00	0.00	-	-	-
Cashflow From Investing	-94.0%	-18.91	-9.75	-6.69	-	-
Cashflow From Financing	98.8%	-8.58	-693	-0.04	1.00	-
Dividend Payments	6.3%	1.00	1.00	-	-	-

Risks for GLBL

What is the probability of a big loss on GLBL?

38.6%

Probability that Cartesian Growth stock will be more than 20% underwater in next one year

37.7%

Probability that Cartesian Growth stock will be more than 30% underwater in next one year.

32.6%

Probability that Cartesian Growth stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does GLBL drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Cartesian Growth was unfortunately bought at previous high price.

Drawdowns

Returns for GLBL

Cumulative Returns on GLBL

12.4%

7-Year Cumulative Returns

14.6%

5-Year Cumulative Returns

What are the long-term rolling returns for GLBL?

FIve years rolling returns for Cartesian Growth.

Annualized Returns

Which funds bought or sold GLBL recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-02-17	Radcliffe Capital Management, L.P.	reduced	-47.38	-989,159	1,361,840	0.04%
2023-02-17	Radcliffe Capital Management, L.P.	sold off	-100	-7,432,000	-	-%
2023-02-15	Karpus Management, Inc.	reduced	-1.83	-1,074	322,926	0.01%
2023-02-15	Virtu Financial LLC	sold off	-100	-268,000	-	-%
2023-02-15	Shaolin Capital Management LLC	sold off	-100	-6,871,000	-	-%
2023-02-15	Virtu Financial LLC	sold off	-100	-109,000	-	-%
2023-02-15	NOMURA HOLDINGS INC	added	-	618,000	10,644,000	0.04%
2023-02-15	JANE STREET GROUP, LLC	new	-	1,217,450	1,217,450	-%
2023-02-15	JANE STREET GROUP, LLC	sold off	-100	-1,112,000	-	-%
2023-02-15	JANE STREET GROUP, LLC	new	-	18,955	18,955	-%

Latest Funds Activity

Are funds buying GLBL calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own GLBL

No. of Funds

Cartesian Growth News

Schedule 13G FIlings of Cartesian Growth

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	citadel advisors llc	8.5%	6	SC 13G/A
Jan 27, 2023	barclays plc	5.46%	1,882,503	SC 13G
Jan 17, 2023	yu peter	9.30%	10,845,996	SC 13D
Jan 13, 2023	ilwaddi cayman holdings	31.3%	18,359,002	SC 13D
Jan 13, 2023	tiedemann michael	9.7%	11,008,135	SC 13D
Jan 13, 2023	figdor drew	8.5%	9,649,964	SC 13D
Jan 13, 2023	global goldfield ltd	19.1%	11,164,474	SC 13G
Feb 14, 2022	citadel advisors llc	7.9%	6	SC 13G/A
Feb 11, 2022	cgc sponsor llc	19.8%	8,550,000	SC 13G

GLBL Fair Value

Recent SEC filings of Cartesian Growth

View All Filings

Date Filed	Form Type	Document
Mar 24, 2023	8-K	Current Report
Mar 23, 2023	S-8	Employee Benefits Plan
Feb 21, 2023	8-K/A	Current Report
Feb 14, 2023	SC 13G/A	Major Ownership Report
Feb 13, 2023	8-K	Current Report
Jan 27, 2023	S-1	Initial Public Offering
Jan 27, 2023	SC 13G	Major Ownership Report
Jan 26, 2023	4/A	Insider Trading
Jan 24, 2023	4	Insider Trading
Jan 24, 2023	4	Insider Trading

Latest Insider Trading transactions for GLBL

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2022-12-28	Pangaea Three-B, LP	bought	17,010	10.03	1,696	chief executive officer
2022-12-27	Pangaea Three-B, LP	bought	22,778	10.03	2,271	chief executive officer
2022-12-23	Pangaea Three-B, LP	bought	50.15	10.03	5.00	chief executive officer
2022-12-22	Pangaea Three-B, LP	bought	4,924	10.03	491	chief executive officer
2022-12-21	Pangaea Three-B, LP	bought	21,063	10.03	2,100	chief executive officer
2022-12-20	Pangaea Three-B, LP	bought	35,644	10.0266	3,555	chief executive officer
2022-12-19	Pangaea Three-B, LP	bought	10,167	9.9971	1,017	chief executive officer
2022-11-21	Pangaea Three-B, LP	bought	19,328	10.1889	1,897	chief executive officer
2022-11-18	Pangaea Three-B, LP	bought	623,857	10.063	61,995	chief executive officer
2022-11-17	Pangaea Three-B, LP	bought	223,895	10.0289	22,325	chief executive officer

About Cartesian Growth

Peter M. Yu

N/A

Cartesian Growth Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or engaging in any other similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.

GLBL Income Statement

2022-09-30

Unaudited Condensed Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
Unaudited Condensed Statements of Operations - USD ($)	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Operating costs	$ 298,358	$ 239,380	$ 948,203	$ 537,871
Loss from operations	(298,358)	(239,380)	(948,203)	(537,871)
Other income (expense):
Interest earned on cash and marketable securities held in Trust Account	1,539,531	4,440	2,096,274	24,019
Interest expense – debt discount	(13,776)		(18,369)
Offering costs allocated to warrants				(849,993)
Excess of Private Warrants fair value over purchase price				(3,097,200)
Change in fair value of warrant liability	6,982,035	(5,628,806)	16,728,530	2,941,413
Unrealized loss – treasury bills	0		(22,368)
Change in fair value of conversion option liability	5,998		41,331
Total other income (expense)	8,513,788	(5,624,366)	18,825,398	(981,761)
Net income (loss)	$ 8,215,430	$ (5,863,746)	$ 17,877,195	$ (1,519,632)
Common Class A [Member]
Other income (expense):
Weighted average shares outstanding, basic	34,500,000	34,500,000	34,500,000	27,296,703
Weighted average shares outstanding, diluted	34,500,000	34,500,000	34,500,000	27,296,703
Earnings Per Share, Basic	$ 0.19	$ (0.14)	$ 0.41	$ (0.04)
Earnings Per Share, Diluted	$ 0.19	$ (0.14)	$ 0.41	$ (0.04)
Common Class B [Member]
Other income (expense):
Weighted average shares outstanding, basic	8,625,000	8,625,000	8,625,000	8,390,110
Weighted average shares outstanding, diluted	8,625,000	8,625,000	8,625,000	8,390,110
Earnings Per Share, Basic	$ 0.19	$ (0.14)	$ 0.41	$ (0.04)
Earnings Per Share, Diluted	$ 0.19	$ (0.14)	$ 0.41	$ (0.04)

GLBL Balance Sheet

2022-09-30

Condensed Balance Sheets - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Assets:
Cash	$ 463,990	$ 551,258
Prepaid Expenses	19,039	70,406
Total Current Assets	483,029	621,664
Cash and marketable securities held in Trust Account	347,105,214	345,031,308
Total Assets	347,588,243	345,652,972
Liabilities, Redeemable Ordinary Shares and Shareholders' Deficit
Accounts payable and accrued expenses	491,688	182,120
Total Current Liabilities	491,688	182,120
Convertible promissory note – related party	477,038	0
Deferred underwriting fee	12,075,000	12,075,000
Warrant liabilities	6,365,078	23,093,608
Total Liabilities	19,408,804	35,350,728
Commitments and Contingencies (Note 6)
Redeemable Ordinary Shares
Class A ordinary shares subject to possible redemption, 34,500,000 shares, issued and outstanding, at redemption values of approximately $10.06 and $10.00 at September 30, 2022 and December 31, 2021, respectively	347,105,214	345,031,308
Shareholders' Deficit
Preference shares, $0.0001 par value; 1,000,000 shares authorized; no shares issued and outstanding
Class A ordinary shares, $0.0001 par value; 200,000,000 shares authorized; no shares issued and outstanding (excluding 34,500,000 shares subject to possible redemption)
Class B ordinary shares, $0.0001 par value; 20,000,000 shares authorized; 8,625,000 shares issued and outstanding	863	863
Additional paid-in capital
Accumulated deficit	(18,926,638)	(34,729,927)
Total Shareholders' Deficit	(18,925,775)	(34,729,064)
Total Liabilities, Redeemable Ordinary Shares and Shareholders' Deficit	$ 347,588,243	$ 345,652,972