GFT Group (GFT)

Business description

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

Stock data

Market cap.€557.4m
Last close€21.17
High / Low (52 weeks)€32.3 / €17.8
Stock market listingDE
Forecast net debt (€m)12.6
Forecast gearing ratio (%)9

Price performance

Relative *(2.3)(17.1)28.907

* % Relative to local index

Other companies in sector Show

1Spatial Acal
accesso Technology Group ADVA Optical Networking
Advanced Computer Software Group Advanced Micro Devices
AIXTRON All for One Steeb AG
Allocate Software Allot Communications
Alpha and Omega Semiconductor Alphapoint Technology Inc
Amazon Amino Technologies
AsiaCell AT&S Austria Technologie & Systemtechnik
Blancco Technology Group blinkx
blur Group Brady
Bulletproof Group Carclo
Catapult Group International CENIT
Cerillion provides billing, charging and customer management software, primarily to telecommunicatio CityFibre Infrastructure Holdings
CML Microsystems CoAssets
Comptel Craneware
CREALOGIX Cypress Semiconductor
Dillistone Group dotDigital
DSP Group e2v technologies
Eagle Eye Eckoh
Elmos Semiconductor EMIS
EMIS Group Emulex
Endace EnWave Corporation
eServGlobal Esker
Evolving Systems Expert System
Facebook FFastFill
FinLab AG First Derivatives
First Sensor Focus Solutions Group
Freelancer Fusionex International
Gamma Communications GB Group
GBST Holdings GeoOp
Globo GO internet S.p.a.
Himax Technologies Hrvatski Telekom
ifa systems ikeGPS Group
Infinera Inmarsat
Innovation Group InVision
IS Solutions IXYS
Jenoptik K3 Business Technology Group
Keywords Studios LRAD Corporation
Magix Manpower Software
Manx Telecom Manz
Maxima Holdings Medicsight
Mensch & Maschine Software Micro Focus International
Micron Technology Migme
Monitise Montage Technology
Morse My Net Fone
Nanoco Group nearmap
Netcall NetDimensions
Netflix Nexus Management
O2Micro International OMG
OmniVision Technologies Orion Health Group
Outsourcery Panorama Synergy
Patsystems Paysafe Group
Pericom Semiconductor Phitek
Piteco PLX Technology
Pricer Prodware
PSI Pure Wafer
QSC Real Estate Investar
REALTECH Redflex Holdings
Redstone Reed Elsevier
Reply SpA
Rex Bionics Rheinmetall
Secunet Seeing Machines
Sepura Serko
Seven Principles Siemens
Sigma Designs Silicom
Silicon Image SimiGon
SinnerSchrader SITO Mobile
SLI Systems Smartpay Holdings
SNP Schneider-Neureither & Partner Software AG
Solera Spansion
Spirent Communications SQS Software Quality Systems AG
Stadium Group StatPro Group
Store Electronic Systems Straker Translations
SuperCom Synchronica
Taptica Technology sector
Texas Instruments Thin Film Electronics
Tikit Group Toumaz
Track Group TXT e-solutions
TZ Limited Ubisense Group
UMT United Mobility Technology United Power Technology
VASCO Data Security Virtual Piggy
Vislink Vista Group International
Vitec Vizrt
VMob Group WANdisco
Wincor Nixdorf WorkPlace Systems International
Xploite Xplore Technologies Corp

Company news

BRIEF-GFT Technologies buys Habber Tec Brazil business

Tue, 12 Apr 2016 07:54:10 GMT

MOVES-Paul Harrington joins GFT Group as principal consultant

Tue, 15 Dec 2015 10:37:19 GMT

German Technology Provider GFT Launches New RegTech Solution

Wed, 18 May 2016 09:00:00 GMT

Financial Service Sector Boosts GFT Group Nine-Month Results

Thu, 12 Nov 2015 17:15:00 GMT

GFT reports double-digit revenue and earnings growth

Thu, 03 Mar 2016 14:41:23 GMT

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (fd) (c) P/E (x) P/CF (x)
2014A 279.2 35.2 30.8 96.2 22.0 23.8
2015A 373.5 45.5 38.7 119.5 17.7 10.3
2016E 410.0 48.6 40.7 120.6 17.6 11.5
2017E 451.0 53.3 45.4 125.8 16.8 10.4

Last updated on 22/04/2016

Investment summary

GFT has acquired WG Systems, which trades as Habber Tec Brazil, from Habber Tec International Group for an undisclosed sum. Founded in 2000, Habber Tec Brazil specialises on the implementation and ongoing support of business process management (BPM), big data, analytics and mobile solutions and is Brazil’s largest IBM partner for BPM. It adds expertise in BPM integration and mobile solutions, especially in the fields of credit and digital banking applications. In 2015, it generated revenues of R22.4m (c €5.4m), of which financial services accounted for c 60%. FY16 revenues are expected to grow by c 29% to c R29m (c €7m). Habber Tec Brazil has c 105 employees, and therefore takes GFT's headcount to c 4,155, including 559 in Brazil. We will incorporate the transaction into our forecasts following the Q1 results on 12 May. In our view, if management can continue to maintain the momentum, the stock looks attractive, trading on c 17x our FY17e EPS.

Last updated on 03/05/2016

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 03/05/2016

Key management

Ulrich Dietz, Chairman & CEO
Jochen Ruetz , CFO

Company address

Filderhauptstraße 142,
+49 711 62042-0
View website