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.CHF129.9m
Last closeCHF119.50
High / Low (52 weeks)CHF100.0 / CHF81.0
Stock market listingSW
Forecast net cash (CHFm)7.4
Forecast gearing ratio (%)N/A

Price performance

Relative *(0.4)(1.2)(3.8)

* % Relative to local index

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Company news

Bank Julius Baer relies on the latest mobile banking from CREALOGIX

Thu, 13 Apr 2017 12:03:44 GMT

Reinforcement of the Executive Management of CREALOGIX

Thu, 09 Feb 2017 12:43:26 GMT

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

Mon, 26 Jan 2015 06:00:00 GMT

Swiss stocks - Factors to watch on Sept. 19

Tue, 19 Sep 2017 05:40:31 GMT

ASE-Betrugsfall: Mehr Geschädigte als bisher bekannt

Mon, 02 Feb 2015 00:33:11 GMT

Y/E Jun Revenue (CHFm) EBITDA (CHFm) PBT (CHFm) EPS (CHFc) P/E (x) P/CF (x)
2015A 49.3 (10.6) (12.6) (813.23) N/A N/A
2016A 63.3 3.7 2.2 164.68 72.6 98.9
2017E 71.6 6.0 3.9 201.40 59.3 19.9
2018E 76.9 8.0 6.4 438.20 27.3 15.1

Last updated on 25/08/2017

Investment summary

CREALOGIX saw strong H1 momentum on the back of its internationalisation strategy, supported by favourable digital banking industry dynamics. The numbers were boosted by several large deals that were booked earlier than anticipated and hence management anticipates slower licence sales in H2. While customers’ decision-making in the UK remains frozen following the Brexit vote, management continues to see the UK as one of the most attractive markets. The recent expansion in Germany is working out well. We moved up our FY17 EBITDA forecasts from CHF4.0m to CHF6.0m. Given the attractive growth drivers and strong balance sheet, we believe the shares are attractive on 18x our FY19e EPS.

Last updated on 06/09/2017

Industry outlook

CREALOGIX 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 been winning awards, including Best Online Development at the Systems in the City Awards 2017 and Best of Show Award at FinovateEurope 2017 with its virtual banking app ‘The ARCs’.

Last updated on 06/09/2017

Key management

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

Company address

Baslerstrasse 60
+41 58 404 87 57
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