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.CHF230m
Last closeCHF167.00
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
Actual(1.8)(5.1)43.7
Relative *(1.3)2.439.6

* % Relative to local index

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Company news

BRIEF-Crealogix Holding Buys 100% Of Barcelona-Based Innofis

Tue, 09 Jan 2018 06:00:00 GMT

The Gateway into the Middle East – CREALOGIX Acquires Innofis

Tue, 09 Jan 2018 06:00:00 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 12:03:44 GMT

Sedania expects earnings boost from Crealogix tie-up

Fri, 09 Feb 2018 03:45:00 GMT

Y/E Jun Revenue (CHFm) EBITDA (CHFm) PBT (CHFm) EPS (CHFc) P/E (x) P/CF (x)
2016A 63.3 3.7 2.2 164.68 101.4 138.2
2017A 74.9 7.3 5.0 266.74 62.6 18.4
2018E 82.3 9.9 8.1 523.93 31.9 17.7
2019E 89.7 12.2 10.5 689.47 24.2 14.4

Last updated on 24/04/2018

Investment summary

In January, CREALOGIX announced the acquisition of Innofis, a Barcelona-based digital banking business, to expand its core digital banking business into the Middle Eastern markets. No financial information on the transaction was provided at the time and, given the size of the deal, the company was required to produce a prospectus, which has revealed all the relevant information. The value of the deal is c CHF39m, which translates to c 3.6x trailing revenues or 9.3x EBITDA. On our updated forecasts, the deal is 11% earnings enhancing (undiluted basis) in FY19.

Last updated on 17/05/2018

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 27/04/2018

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