olivLaw · US equity research
Globavend Holdings Ltd GVH
Arrangement of Transportation of Freight & Cargo · SIC 4731 · Vertical: Arrangement of Transportation of Freight & Cargo (SIC 4731)
Globavend Holdings is a logistics provider for cross-border e-commerce that links Hong Kong with Australia and New Zealand through an integrated service, from parcel consolidation to final delivery. The company grew strongly in fiscal 2025, but its gross margin fell to 10.1%, which makes tracking last-mile transport costs relevant.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Globavend Holdings Ltd (GVH) stock was 0.95 USD (+11.76% on the day), with market capitalisation 1.4 m USD, P/E 0.6 on diluted EPS of 1.61 USD over the last 12 months, dividend yield 11.82%, beta 0.40, 52-week range 0.78–5.98 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 47.6
- neutral
- Bollinger (20, 2)
- 0.78 – 1.11
- in the upper half of the band · %B 0.53 · band width 35.0%
- SMA 50 / 200
- 1.03 / 2.18
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.06 / -0.07
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −14.4% | −2.0% | −12.4 pp | — |
| 3 months | +8.0% | −2.2% | +10.1 pp | — |
| 6 months | −81.0% | +4.3% | −85.3 pp | — |
| Year to date | −34.0% | +10.6% | −44.6 pp | — |
| 1 year | −80.2% | +10.5% | −90.7 pp | −40.0% |
| 3 years | unavailable | +73.7% | unavailable | −49.3% |
| 5 years | unavailable | +61.7% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 0 percentile of its own 2-quarter history (min 2.9, median 5.9, max 8.9; quarters with earnings only).
Fiscal years
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 12.0 m | 19.4 m | 18.6 m | 16.5 m | 23.6 m |
| Revenue YoY | unavailable | +62.1% | −4.4% | −11.0% | +42.5% |
| Net income | 564.8 k | 810.2 k | 1.1 m | 1.3 m | 683.0 k |
| Net income YoY | unavailable | +43.5% | +33.0% | +24.3% | −49.0% |
| Diluted EPS | 0.04 | 0.06 | 16.42 | 18.39 | 1.61 |
| Diluted EPS YoY | unavailable | +50.0% | +27,266.7% | +12.0% | −91.2% |
| net % | 4.7% | 4.2% | 5.8% | 8.1% | 2.9% |
| Free cash flow | 873.9 k | 773.8 k | 2.0 m | -266.5 k | 232.0 k |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 30 Sept 2025
- Cash
- 7.5 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 10.0 m USD
- Total assets
- 11.2 m USD
- Debt / equity
- unavailable
- Current ratio
- 8.46x
- ROE
- 9.0%
- ROA
- 7.1%
- FCF margin
- 1.0%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|
| Revenue | 12.0 m | 19.4 m | 18.6 m | 16.5 m | 23.6 m | SEC (XBRL)· 13 Feb 2026verified |
| Cost of revenue | 12.3 m | 22.6 m | 16.7 m | 14.1 m | 21.2 m | SEC (XBRL)· 13 Feb 2026verified |
| Gross profit | 985.0 k | 1.4 m | 1.9 m | 2.4 m | 2.4 m | SEC (XBRL)· 13 Feb 2026verified |
| Operating income | 563.8 k | 817.1 k | 1.1 m | 1.3 m | 958.0 k | SEC (XBRL)· 13 Feb 2026verified |
| Depreciation & amortisation | 772 | 1.4 k | 3.9 k | 19.8 k | — | SEC (XBRL)· 12 Feb 2025verified |
| EBITDA | 564.6 k ≈ | 818.5 k ≈ | 1.2 m ≈ | 1.4 m ≈ | — | SEC (XBRL)· 12 Feb 2025derived |
| Interest expense | 78 | 2.8 k | 1.1 k | 2.4 k | 995 | SEC (XBRL)· 13 Feb 2026verified |
| Pre-tax income | 642.4 k | 936.8 k | 1.3 m | 1.6 m | 883.1 k | SEC (XBRL)· 13 Feb 2026verified |
| Income tax | 77.6 k | 126.6 k | 192.3 k | 223.8 k | 200.1 k | SEC (XBRL)· 13 Feb 2026verified |
| Net income | 564.8 k | 810.2 k | 1.1 m | 1.3 m | 683.0 k | SEC (XBRL)· 13 Feb 2026verified |
| Diluted EPS | 0.04 | 0.06 | 16.42 | 18.39 | 1.61 | SEC (XBRL)· 13 Feb 2026verified |
| Weighted average diluted shares | 13.1 m | 13.1 m | 65.6 k | 72.8 k | 423.1 k | SEC (XBRL)· 13 Feb 2026verified |
| Dividend per share | — | — | 0.11 | — | — | SEC (XBRL)· 30 Jan 2024derived |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|
| Cash | — | 557.7 k | 554.1 k | 2.3 m | 7.5 m | SEC (XBRL)· 13 Feb 2026verified |
| Receivables | — | 1.1 m | 1.4 m | 1.7 m | 1.0 m | SEC (XBRL)· 13 Feb 2026verified |
| Current assets | — | 2.1 m | 4.0 m | 5.5 m | 10.0 m | SEC (XBRL)· 13 Feb 2026verified |
| Property, plant & equipment, net | — | 9.7 k | 13.3 k | 123.1 k | 53.5 k | SEC (XBRL)· 13 Feb 2026verified |
| Total assets | — | 2.5 m | 4.5 m | 8.0 m | 11.2 m | SEC (XBRL)· 13 Feb 2026verified |
| Accounts payable | — | 13.0 k | 1.1 m | 649.2 k | 745.0 k | SEC (XBRL)· 13 Feb 2026verified |
| Current liabilities | — | 1.6 m | 3.9 m | 2.8 m | 1.2 m | SEC (XBRL)· 13 Feb 2026verified |
| Total liabilities | — | 1.6 m | 4.0 m | 2.8 m | 1.2 m | SEC (XBRL)· 13 Feb 2026verified |
| Equity | 1.6 m † | 899.1 k † | 502.2 k † | 5.2 m † | 10.0 m † | SEC (XBRL)· 13 Feb 2026verified |
| Shares outstanding at year end | — | — | 13.1 m | 14.9 m | 1.5 m | SEC (XBRL)· 13 Feb 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|
| Operating cash flow | 875.1 k | 783.0 k | 2.0 m | 326.1 k | 240.4 k | SEC (XBRL)· 13 Feb 2026verified |
| Capex | 1.2 k | 9.2 k | 7.5 k | 592.6 k | 8.3 k | SEC (XBRL)· 13 Feb 2026verified |
| Free cash flow | 873.9 k ≈ | 773.8 k ≈ | 2.0 m ≈ | -266.5 k ≈ | 232.0 k ≈ | SEC (XBRL)· 13 Feb 2026derived |
| Investing cash flow | -1.2 k | -9.2 k | -7.5 k | -592.6 k | -8.3 k | SEC (XBRL)· 13 Feb 2026verified |
| Financing cash flow | -222.8 k | -1.2 m | -2.0 m | 2.0 m | 5.0 m | SEC (XBRL)· 13 Feb 2026verified |
| Dividends paid | — | 1.2 m | 1.5 m | — | — | SEC (XBRL)· 30 Jan 2024verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 58.3% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 1.4 m USD
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
58% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 1.48 – 40.85 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E39.11 – 40.85 (Mid 39.63)3 companies used · median multiple 24.6x · quartiles 24.3x – 25.4xBCO, CHRW, RLGT
- Dividend discount (DDM)1.48 – 1.99 (Mid 1.69)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 58.3% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 2.9% | 81 (vs peers) | 11% |
| FCF conversion · Quality | 34.0% | 6 (on a fixed band) | 11% |
| Revenue CAGR 3Y · Growth | 6.6% | 55 (on a fixed band) | 14% |
| EPS CAGR 3Y · Growth | 199.4% | 100 (on a fixed band) | 14% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 962.8x | 100 (on a fixed band) | 11% |
| Current ratio · Balance sheet | 8.5x | 100 (on a fixed band) | 7% |
| P/E (TTM) · Valuation | 0.6x | 80 (vs peers) | 18% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 16.0% | 100 (on a fixed band) | 14% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet100/100 · 2/3 factors with a value
- Growth78/100 · 2/2 factors with a value
- Quality43/100 · 2/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation89/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Globavend Holdings Limited (GVH). Latest full fiscal year: 2025; data up to 2025-09-30.
Figures computed from the financial statements: revenue 23.6 m USD in 2025; YoY growth 42.5%; net margin 2.9%; ROE 9.0%.
The estimated value range is 20.29–21.42 USD per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 20.66 USD, the price of 0.95 USD leaves a potential of 2,074.9% (value / price − 1) and a margin of safety of 95.4% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 58.3% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 2.9%
- EPS CAGR 3Y: 199.4%
- Interest coverage: 962.8x
- Current ratio: 8.5x
- P/E (TTM): 0.6x
- FCF yield: 16.0%
- The price is below the estimated value range
What contradicts it
- FCF conversion: 34.0%
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): ROIC, Net debt / EBITDA, EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Arrangement of Transportation of Freight & Cargo (SIC 4731) · same industry (4-digit SIC) · compared with 16 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| EXPDExpeditors International Of Washington, Inc. | 26.6 bn | 29.7 | 42.6% | 7.6% | +4.4% | +39% / +70% |
| CHRWC.h. Robinson Worldwide, Inc. | 15.5 bn | 24.0 | 38.9% | 3.7% | −8.4% | −16% / +63% |
| BCOBrink’s Co | 4.7 bn | 26.1 | 64.0% | 3.3% | +5.0% | +1% / +43% |
| FWRDForward Air Corporation | 644.5 m | — | -1,574.1% | -11.4% | +0.8% | −17% / −70% |
| RLGTRadiant Logistics, Inc. | 450.2 m | 24.6 | 8.0% | 2.0% | +3.5% | +54% / +60% |
| NCEWNew Century Logistics (bvi) Limited | 422.8 m | — | -185.6% | -24.2% | −15.5% | +311% / unavailable |
| PSIGPS International Group Ltd. | 80.1 m | — | -440.7% | -28.6% | −39.0% | +28% / unavailable |
| CRGOFreightos Ltd | 32.8 m | — | -35.8% | -59.5% | +23.9% | −79% / −79% |
| VNTGVantage Corp | 14.3 m | — | -31.1% | -7.4% | −4.4% | −50% / unavailable |
| QNMEQuanome Technologies, Inc. | 13.4 m | — | -192.5% | -162.1% | +111.8% | −55% / unavailable |
| SLGBSmart Logistics Global Limited | 9.5 m | — | -13.4% | -2.9% | unavailable | −87% / unavailable |
| ELOGEastern International Ltd. | 9.2 m | — | -8.6% | -454.0% | −24.4% | −65% / unavailable |
| JYDJayud Global Logistics Limited | 9.0 m | — | -36.8% | -5.9% | +8.7% | −65% / −99% |
| SGLYSingularity Future Technology Ltd. | 2.6 m | — | -55.6% | -347.5% | −6.6% | −95% / −99% |
| FRGTFreight Technologies, Inc. | 1.6 m | — | -338.3% | -60.5% | −4.9% | −95% / −100% |
| GVHGlobavend Holdings Limited | 1.4 m | 0.6 | 9.0% | 2.9% | +42.5% | −80% / unavailable |
| HUBGHub Group, Inc. | — | 0.1 | 6.3% | 2.8% | −6.1% | −30% / −29% |
1- and 3-year price returns: for GVH from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 0.16 Total return -83% · Per year -83% | 0.28 Total return -70% · Per year -70% | 0.42 Total return -55% · Per year -55% |
| 3 years | 0.16 Total return -83% · Per year -45% | 0.32 Total return -66% · Per year -30% | 0.53 Total return -44% · Per year -18% |
| 5 years | 0.16 Total return -83% · Per year -30% | 0.36 Total return -62% · Per year -17% | 0.66 Total return -31% · Per year -7% |
- Exit P/E± 0.08
- Net margin± 0.06
- Annual revenue growth± 0.05
- Annual dilution± 0.00
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 13 Feb 2026; since then the company filed 6-K (27 Oct 2026), 6-K (12 Aug 2026), 6-K (14 Jul 2026), 6-K (06 Jul 2026), 6-K (18 Jun 2026), 6-K (19 May 2026).
In brief
Globavend Holdings is a logistics provider for cross-border e-commerce that links Hong Kong with Australia and New Zealand through an integrated service, from parcel consolidation to final delivery. The company grew strongly in fiscal 2025, but its gross margin fell to 10.1% 1, which makes tracking last-mile transport costs relevant.
SWOT
Strengths
Weaknesses
Opportunities
Risks
- Customer concentrationhigh
A small number of customers generate most revenue, and the absence of long-term contracts means that losing a major client could quickly affect turnover 1.
- Margin riskmedium
The gross margin fell in fiscal 2025, and courier costs are rising faster than revenue. If this trend continues, profitability could be affected 1.
- Currency riskmedium
A significant part of costs is in Australian and New Zealand dollars, and fiscal 2025 recorded an exchange loss 1.
- Compliance risk on dangerous goodslow
The company cannot guarantee it will always identify parcels containing dangerous or illicit goods, and the consequences could include administrative or criminal penalties 1.
Investment thesis
What would need to be true (bull case)
- Strong revenue growth and the expansion of the integrated service could show that the business model is gaining ground in cross-border e-commerce 1.
- If last-mile costs stabilise, margins could return to earlier levels 1.
- The air freight forwarding segment offers an additional revenue stream, if cargo space prices remain favourable 1.
What would break the thesis
What to watch
- Trend in gross margin and last-mile costsQ1 2026
- Customer concentration and any new long-term contractsnext 10-K
- Use of block space agreements and any early terminations2026
- Currency exposure and its impact on costsnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 13 Feb 2026; since then the company filed 6-K (27 Oct 2026), 6-K (12 Aug 2026), 6-K (14 Jul 2026), 6-K (06 Jul 2026), 6-K (18 Jun 2026), 6-K (19 May 2026).
The business
Globavend Holdings Ltd, listed on Nasdaq under the symbol GVH, is a holding company incorporated in the Cayman Islands, with operations conducted mainly by its Hong Kong subsidiary Globavend HK and a subsidiary in mainland China 1. The company presents itself as an emerging e-commerce logistics provider offering end-to-end service across Hong Kong, Australia and New Zealand 1. Its customers are mainly businesses that operate e-commerce platforms or online merchants in a B2C model 1.
Its core activity is the integrated cross-border logistics service, which includes parcel consolidation, air freight, customs formalities and delivery to the destination, coordinated through a proprietary shipping solution connected to customers' systems 1. The company has no long-term contracts with customers and works largely on order-by-order basis, which makes its revenue more variable 1.
The company completed its Nasdaq listing in November 2023, carried out a 15 million dollar public offering in June 2025, and executed a reverse stock split in July 2025 1. Its capital structure now includes shares with different voting rights, which concentrates control with the controlling shareholder 1.
Segments
Market context
The company operates in the cross-border logistics market for e-commerce, where demand depends on B2C order volumes in Hong Kong, Australia and New Zealand 1. In this market, air cargo space is a critical input, and its price and availability directly influence margins 1. Revenue is concentrated: the five largest customers account for roughly two thirds of turnover 1.
Costs in foreign currency, for customs fees and local courier services in Australian and New Zealand dollars, have made up a growing share of expenses, which exposes the company to exchange rate movements 1.
Competitive position
The sources analysed do not give a detailed picture of competition, but they note that air freight forwarders and logistics operators compete on available cargo space and price 1. The company differentiates itself through its integrated solution, which reduces coordination with several providers 1.
Competitors include other air cargo agents and logistics providers that may offer space at lower prices, and customers can switch to them if Globavend cannot provide space on time 1.
- Other air freight forwarders (Hong Kong competitors)
Compete for cargo space and for customers seeking lower rates, as the company's risk disclosures describe 1.
- Air freight carriers
Are at the same time suppliers and potential competitors, as the company buys space directly from them 1.
- Integrated logistics providers for e-commerce
Offer similar one-stop solutions, and clients can change provider in the absence of long-term contracts 1.
- Courier and local delivery operators in Australia and New Zealand
Are necessary partners for last-mile delivery, but also a source of cost pressure 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report (foreign issuer)27 Oct 2026
- Current report (foreign issuer)12 Aug 2026
- Current report (foreign issuer)14 Jul 2026
- Current report (foreign issuer)06 Jul 2026
- Current report (foreign issuer)18 Jun 2026
- Current report (foreign issuer)19 May 2026
- Current report (foreign issuer)15 May 2026
- Current report (foreign issuer)30 Apr 2026
- Annual report (foreign issuer)13 Feb 2026
- Current report (foreign issuer)02 Jan 2026
Sources
- [1] Form 20-F, fiscal year ended 2025-09-30 · SEC / Globavend Holdings Ltd · 13 Feb 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.