GFT (GFT)

Business description

GFT is a global technology services and recruitment business primarily focused on banks and insurance companies.

Stock data

Market cap.€390.9m
Last close€14.85
High / Low (52 weeks)€21.8 / €14.8
Stock market listingDE
Forecast net debt (€m)24.6
Forecast gearing ratio (%)18
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(25.4)(17.3)(18.9)
Relative *(23.2)(20.1)(33.9)

* % Relative to local index

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Company news

Hauck & Aufhaeuser Analysts Give GFT Technologies SE (ETR:GFT) a €20.00 Price ...

Sat, 22 Jul 2017 09:11:15 GMT

GFT Technologies SE (GFT) Given a €16.00 Price Target at UBS AG

Fri, 21 Jul 2017 11:15:00 GMT

GFT Technologies SE (GFT) Given a €25.00 Price Target at UBS AG

Fri, 21 Jul 2017 18:11:15 GMT

GFT and Fidor forge innovation partnership

Tue, 13 Sep 2016 09:06:27 GMT

GFT Technologies SE - Receive News & Ratings Daily

Mon, 17 Jul 2017 13:52:30 GMT

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (fd) (c) P/E (x) P/CF (x)
2015A 373.5 44.6 38.6 119.4 12.4 7.0
2016A 422.6 46.8 39.2 115.4 12.9 13.6
2017E 455.0 48.5 41.6 116.9 12.7 8.3
2018E 500.5 54.5 46.2 129.9 11.4 7.5

Last updated on 22/06/2017

Investment summary

GFT has lowered its FY17 guidance due to delayed decision making at its two largest investment banking customers – Deutsche Bank (DB) and Barclays. GFT said that management changes at the banks have resulted in deferred orders. However, investment banking revenue outside these two customers has been guided upwards, as has the group’s retail banking segment. But these factors were outweighed by the revenue declines at the two investment banks, and management has cut its FY17 revenue guidance by 6% to €425m, while EBITDA comes back by 13% to €42m.

Last updated on 11/07/2017

Industry outlook

GFT provides consulting and IT services, primarily to commercial and investment banks. It benefits from high levels of IT spending and complex business requirements in the financial services industry. It also benefits from favourable outsourcing trends in banking and has integrated near/farshore hubs in Spain, Poland, Brazil and Costa Rica.

Last updated on 03/07/2017

Key management

Ulrich Dietz, Chairman & CEO
Jochen Ruetz , CFO
Andrea Wlcek, Director Corporate Marketing

Company address

Filderhauptstraße 142,
Stuttgart
70599
Germany
+49 711 62042-0
View website