GFT (GFT)

Business description

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

Consulting and IT services for banks

Update | Technology | 10/11/2016

GFT is building a global IT services and consulting business, focused on the growing opportunity in the financial services sector. It is diversifying geographically and broadening its customer base, and we estimate that two-thirds of revenues are recurring in nature. GFT benefits from high levels of IT spending, complex business requirements in the financial services industry and favourable outsourcing trends in banking. Revenue growth picked up in Q2, despite the challenging banking sector backdrop, as strong demand for digitisation projects in the commercial banking sector in Europe outweighed project deferrals in the Anglo Saxon investment banking markets (though we note this sector needs to invest in IT to remain competitive). Trading on c 12x our FY18e EPS, the stock looks attractive on strong earnings momentum and attractive business drivers.

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Stock data

Market cap.€449.3m
Last close€17.068
High / Low (52 weeks)€21.8 / €14.8
Stock market listingDE
Forecast net debt (€m)24.6
Forecast gearing ratio (%)18
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual13.4(16.3)(14.5)
Relative *16.8(12.6)(25.6)

* % Relative to local index

Company news

GFT

Wed, 16 Aug 2017 05:26:15 GMT

GFT

Fri, 23 Sep 2016 04:02:20 GMT

GFT

Thu, 17 Nov 2016 09:01:47 GMT

GFT

Tue, 15 Aug 2017 19:18:45 GMT

GFT

Fri, 11 Aug 2017 10:30:00 GMT