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.€564m
Last close€21.41
High / Low (52 weeks)€23.4 / €8.9
Stock market listingDE
Forecast net debt (€m)44.7
Forecast gearing ratio (%)40
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(6.8)9.1109.4
Relative *3.420.795.3

* % Relative to local index

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Company news

BRIEF-GFT Technologies says Q1 EBITDA up 61 percent

Wed, 13 May 2015 06:00:00 GMT

BRIEF-GFT Technologies FY 2014 revenue up 38 pct to EUR 365.32 mln

Thu, 05 Mar 2015 06:45:00 GMT

BRIEF-GFT Technologies raises FY 2014 turnover and profit forecast

Wed, 29 Oct 2014 13:38:54 GMT

BRIEF-GFT Technologies raises full year revenue and EBITDA forecast

Thu, 13 Aug 2015 05:26:15 GMT

BRIEF-GFT says to acquire Adesis Netlife of Spain

Tue, 28 Jul 2015 11:37:30 GMT

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (c) P/E (x) P/CF (x)
2013A 264.3 20.9 18.5 55.3 38.7 59.1
2014A 365.3 37.4 32.8 97.7 21.9 24.1
2015E 362.0 44.5 36.0 101.6 21.1 12.7
2016E 397.0 54.2 45.5 126.1 17.0 10.4

Last updated on 20/08/2015

Latest research

Investment summary

GFT produced another strong performance in Q2, to sustain 23% organic growth over H1. Following the disposal of its resourcing division, GFT is now an IT services pure-play focused on the financial services sector. The group’s adjusted operating margin rose to 10.0% in Q2 and we anticipate further margin expansion with revenue growth and profit recovery at Rule Financial. After the-period end, GFT made a small acquisition in Adesis Netlife, adding a headcount of 273, boosting its presence in Spain and Mexico, strengthening its offerings in the digital banking space and adding new service offerings in digital communication and marketing. Noting management’s increased guidance and the strong pipeline for FY16, we upgraded our EPS forecasts by 11% in FY16 and 7% in FY17. Hence, the stock continues to look attractive, trading on c 15.5x our FY16 EPS.

Last updated on 01/09/2015

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 01/09/2015

Key management

Ulrich Dietz, Chairman & CEO
Jochen Ruetz , CFO

Company address

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