GFT Group (GFT)

Business description

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

Share price chart

Share chart

Stock data

Market cap.€779m
Last close€29.61
High / Low (52 weeks)€29.9 / €11.3
Stock market listingDE
Forecast net debt (€m)44.8
Forecast gearing ratio (%)40

Price performance

Relative *10.342.1126.7

* % Relative to local index

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Company news

BRIEF-GFT Tech raises 2015 guidance after Q3 profit jump

Thu, 12 Nov 2015 06:56:15 GMT

GFT Partners With Enterprise Data Management Council to Help Firms Adopt Data ...

Wed, 21 Oct 2015 13:18:22 GMT

Financial Service Sector Boosts GFT Group Nine-Month Results

Thu, 12 Nov 2015 17:25:55 GMT

BRIEF-GFT Technologies raises full year revenue and EBITDA forecast

Thu, 13 Aug 2015 05:26:15 GMT

SIA sets sights on German P2P mobile payments market

Wed, 18 Nov 2015 12:00:00 GMT

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (fd) (c) P/E (x) P/CF (x)
2013A 264.3 20.8 18.4 55.0 53.8 81.7
2014A 365.3 37.0 32.4 96.2 30.8 33.3
2015E 368.0 45.0 37.3 103.8 28.5 17.3
2016E 404.0 55.8 47.3 131.2 22.6 14.0

Last updated on 24/11/2015

Investment summary

GFT continued to grow apace, with organic revenue growth (excluding Rule Financial) of 19% in Q3. Margins continued to expand with the adjusted operating margin rising by 100bp to 11.0% over Q2. While FY15 growth has mainly come from investment banking, the pipeline for 2016 is focused on several large retail banking projects. Given management’s increased guidance, we have upgraded our EPS by forecasts by 2% in FY15 and 4% in FY16 and FY17. In our view, if management can continue to maintain the momentum, the stock still looks attractive, trading on c 22x our FY16 EPS.

Last updated on 23/11/2015

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 and Brazil.

Last updated on 03/11/2015

Key management

Ulrich Dietz, Chairman & CEO
Jochen Ruetz , CFO

Company address

Filderhauptstra├če 142,
+49 711 62042-0
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