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.€593m
Last close€22.53
High / Low (52 weeks)€22.9 / €8.6
Stock market listingDE
Forecast net debt (€m)24.2
Forecast gearing ratio (%)22
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual21.130.8134.2
Relative *17.833.099.6

* % 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-Deutsche Boerse says GFT replaces Kontron in TECDAX on March 23

Wed, 04 Mar 2015 21:11:15 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 is taking over over Rule Financial Ltd

Thu, 26 Jun 2014 09:00:00 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 40.7 62.2
2014A 365.3 37.4 32.8 97.7 23.1 25.4
2015E 425.0 44.9 36.7 99.0 22.8 13.2
2016E 450.1 50.7 41.4 111.5 20.2 11.7

Last updated on 23/06/2015

Latest research

Investment summary

GFT Group has disposed of emagine, its staffing business. The disposal transforms GFT into an IT services pure-play focused on the banking sector. GFT has also made a small acquisition in Spain, which boosts its presence in Spain and Mexico, strengthens its offerings in the digital banking space and adds new service offerings in digital communication and marketing. The impact of the deals is a modest upgrade for our EPS forecasts. We continue to believe there is a good likelihood of earnings upgrades, in light of the current conservative guidance, and this helps to underpin the current valuation of c 20x our FY16 EPS.

Last updated on 31/07/2015

Industry outlook

GFT generates the bulk of GFT Group's profits through providing consulting and IT services 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. Management is continuing to investigate potential options for emagine, the group’s contract recruitment business.

Last updated on 29/06/2015

Key management

Ulrich Dietz, Chairman & CEO
Jochen Ruetz , CFO

Company address

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