CREALOGIX Group (CLXN)

Business description

CREALOGIX Group provides digital banking technology solutions to banks, wealth managers and other financial services companies. The company’s suite of solutions includes online and mobile banking, digital payments, digital learning and security.

Stock data

Market cap.CHF206.1m
Last closeCHF176.00
High / Low (52 weeks)CHF100.0 / CHF81.0
Stock market listingSW
Forecast net cash (CHFm)18.4
Forecast gearing ratio (%)N/A
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual26.328.765.3
Relative *24.82543.8

* % Relative to local index

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Company news

The Gateway into the Middle East – CREALOGIX Acquires Innofis

Tue, 09 Jan 2018 06:00:00 GMT

Sedania, Crealogix to offer digitalisation of banking services in Malaysia

Thu, 08 Feb 2018 09:08:31 GMT

Sedania expects earnings boost from Crealogix tie-up

Fri, 09 Feb 2018 03:55:20 GMT

CREALOGIX Acquires UK Based MBA Systems - Strengthening Growth of ...

Mon, 26 Jan 2015 06:00:00 GMT

Bank Julius Baer relies on the latest mobile banking from CREALOGIX

Thu, 13 Apr 2017 12:00:00 GMT

Y/E Jun Revenue (CHFm) EBITDA (CHFm) PBT (CHFm) EPS (CHFc) P/E (x) P/CF (x)
2016A 63.3 3.7 2.2 164.68 106.9 145.6
2017A 74.9 7.3 5.0 266.74 66.0 19.3
2018E 82.3 9.9 8.1 523.93 33.6 18.6
2019E 89.7 12.2 10.5 689.47 25.5 15.2

Last updated on 22/01/2018

Investment summary

CREALOGIX is acquiring Innofis, a Barcelona-based digital banking competitor, for an undisclosed price, to expand its core digital banking business into the lucrative Middle Eastern markets. Noting that Innofis is fast-growing and highly profitable, we would expect the value of the deal to be priced above the average of comparable transactions. The acquisition fits with the group’s strategy to target new markets and acquire customers and add product offerings. We estimate that the deal will boost the group’s operating margins by 200bp, but the level of value creation is dependent on the deal cost, and we are retaining our forecasts until more information is available.

Last updated on 02/02/2018

Industry outlook

CLXN develops and implements software that enables digital banking for “the digital bank of tomorrow”. The solutions are most often used by traditional banks to enable their journey to digitalisation, through the provision of a sophisticated, modern omni-channel offering to their clients. The group’s products are front-end solutions that integrate with customers’ back-end systems. The technology has won awards, including Best Online Development (Systems in the City Awards 2017) and Best of Show Award (FinovateEurope 2017) with its virtual banking app ‘The ARCs’.

Last updated on 02/02/2018

Key management

Bruno Richle, Chairman
Thomas F. J. Avedik, CEO
Philippe Wirth, CFO

Company address

Baslerstrasse 60
Zurich
8048
Switzerland
+41 58 404 87 57
View website