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.€466.7m
Last close€17.727
High / Low (52 weeks)€23.1 / €16.4
Stock market listingDE
Forecast net debt (€m)22.7
Forecast gearing ratio (%)16

Price performance

Relative *(11.3)(13.2)(33.3)

* % Relative to local index

Company news


Tue, 12 Apr 2016 07:54:10 GMT


Tue, 13 Sep 2016 08:26:15 GMT


Fri, 23 Sep 2016 04:02:20 GMT


Thu, 19 Jan 2017 09:09:44 GMT


Wed, 01 Mar 2017 16:52:30 GMT