GFT (GFT)

Business description

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

GFT solutions business grew at 23% in Q1

Update | Technology | 26/05/2015

The strong growth momentum continued into Q1, with the core GFT solutions business growing 23% organically, compared with 24% y-o-y in FY14. GFT is seeing ongoing strong demand from its core customer base driven by rising compliance requirements and digitisation in banking. While management has maintained its guidance, we see an increasing likelihood of upgrades as the year progresses. Hence, we have nudged up our FY16 and FY17 revenues while our EPS forecasts rise in each year from FY15-17. In our view, the valuation continues to look attractive at c 17x our FY16e earnings if management can sustain the growth momentum.

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Stock data

Market cap.€497m
Last close€18.877
High / Low (52 weeks)€21.8 / €16.4
Stock market listingDE
Forecast net debt (€m)24.6
Forecast gearing ratio (%)18
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(8)6.0(2.8)
Relative *(9.2)0.1(27.3)

* % Relative to local index

Company news

GFT Technologies

Wed, 01 Mar 2017 16:52:30 GMT

GFT Technologies

Mon, 26 Jun 2017 16:52:30 GMT

GFT Technologies

Fri, 23 Sep 2016 04:02:20 GMT

GFT Technologies

Tue, 13 Sep 2016 08:26:15 GMT

GFT Technologies

Thu, 01 Jun 2017 07:33:46 GMT