GFT (GFT)

Business description

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

Stock data

Market cap.€515m
Last close€19.56
High / Low (52 weeks)€25.5 / €16.4
Stock market listingDE
Forecast net debt (€m)22.7
Forecast gearing ratio (%)16
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(3.5)(1.4)(14.4)
Relative *(5.2)(10.7)(33.5)

* % 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
ANADIGICS Arria NLG
AsiaCell AT&S Austria Technologie & Systemtechnik
Blancco Technology Group plc 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
Datagroup DDD Group
Dillistone Group dotDigital
DSP Group e2v technologies
Eagle Eye Eckoh
Elmos Semiconductor EMIS
EMIS Group Emulex
Endace EnWave Corporation
eServGlobal Esker
Evolving Systems EVR Holdings PLC
Expert System Facebook
Featurespace FFastFill
FinLab AG First Derivatives
First Sensor Focus Solutions Group
Foresight Autonomous Holdings Freelancer
Fusionex International Gamma Communications
GB Group GBST Holdings
GeoOp Globo
GO internet Himax Technologies
Hrvatski Telekom ifa systems
ikeGPS Group Infinera
Inmarsat Innovation Group
InVision IQE
IS Solutions ISRA VISION
IXYS Jenoptik
K3 Business Technology Group Kainos
Keywords Studios LRAD Corporation
Magix Manpower Software
Manx Telecom Manz
Maxima Holdings Medicsight
Mensch und Maschine Mercia Technologies
Micro Focus International Micron Technology
Migme Mobile ecosystems
Monitise Montage Technology
Morse mVISE
My Net Fone Nano Dimension
Nanoco Group nearmap
Nemetschek Netcall
NetDimensions Netflix
Nexus Management O2Micro International
OMG OmniVision Technologies
Orion Health Group Outsourcery
Panorama Synergy Pantaleon Entertainment
Patsystems Paysafe Group
Pebble Beach Systems Group Pericom Semiconductor
Phitek Piteco
PLX Technology Pointer Telocation
Pricer Prodware
PSI Pure Wafer
QSC Real Estate Investar
Real Estate Investar Group Limited REALTECH
Redflex Holdings Redstone
Reed Elsevier Reply SpA
Results.com Rex Bionics
Rheinmetall RM
S&T SCISYS
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 The Marketing Group
Thin Film Electronics Thoughtonomy
Tikit Group Toumaz
Track Group TXT e-solutions
TZ Limited Ubisense Group
UMT United Mobility Technology United Power Technology
VASCO Data Security Vectron Systems
Virtual Piggy Vista Group International
Vitec Vizrt
VMob Group WANdisco
Wincor Nixdorf WorkPlace Systems International
Xploite Xplore Technologies Corp
YuuZoo

Company news

BRIEF-GFT Technologies buys Habber Tec Brazil business

Tue, 12 Apr 2016 07:54:10 GMT

GFT and Fidor forge innovation partnership

Tue, 13 Sep 2016 08:26:15 GMT

GFT Supports Lombard Risk in the Execution of Its Global Collateral Strategy

Thu, 17 Nov 2016 09:00:00 GMT

GFT Expands Its Retail Banking Offering in the UK and North America

Thu, 19 Jan 2017 09:00:00 GMT

Banco Original Wins Award for Innovative Digital Solution Developed by GFT

Tue, 07 Feb 2017 09:00:00 GMT

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (fd) (c) P/E (x) P/CF (x)
2014A 279.2 32.8 30.9 96.5 20.3 22.0
2015A 373.5 44.6 38.7 119.5 16.4 9.5
2016E 420.0 46.5 38.9 115.2 17.0 11.0
2017E 460.0 52.9 45.2 127.1 15.4 9.7

Last updated on 08/12/2016

Investment summary

Q3 numbers were in line with expectations and management has maintained both its FY16 and long-term guidance. Q3 organic revenue grew 12% (FX impact was negligible). Revenue from Adesis Netlife, acquired in June 2015, and Habber Tec, acquired in April 2016, took total Q3 revenue to €106.3m. We maintained our forecasts, albeit for easing the tax charge from FY17, which increases EPS by 1% in FY17 and FY18. The backdrop remains broadly unchanged, with demand for IT projects (predominantly digitisation) in the European commercial banking sector outweighing weakness in the Anglo Saxon investment banking markets. A recovery in the latter is largely dependent on improvements in the financial performance of investment banks. However, we note the investment banking sector needs to invest in IT to remain competitive. Given that the outlook is sustained, we believe the shares are attractive on c 13x our FY18 earnings.

Last updated on 21/12/2016

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, Brazil and Costa Rica.

Last updated on 21/12/2016

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