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GBST Holdings

ASX:GBT
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GBT
ASX
A$242M
Market Cap
  1. Home
  2. AU
  3. Software
Company description

GBST Holdings Limited provides custom technology solutions for the financial service sector in Australia, the United Kingdom, North America, and Asia. The last earnings update was 158 days ago. More info.


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  • GBST Holdings has significant price volatility in the past 3 months.
GBT Share Price and Events
7 Day Returns
-0.3%
ASX:GBT
-0.6%
AU IT
0%
AU Market
1 Year Returns
75.9%
ASX:GBT
10.1%
AU IT
4.8%
AU Market
GBT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
GBST Holdings (GBT) -0.3% 34.7% 42.8% 75.9% -15.4% -2.2%
AU IT -0.6% 2.6% -0.2% 10.1% 47.6% 44.2%
AU Market 0% 0.9% 6.8% 4.8% 20.1% 12.2%
1 Year Return vs Industry and Market
  • GBT outperformed the IT industry which returned 10.1% over the past year.
  • GBT outperformed the Market in Australia which returned 4.8% over the past year.
Price Volatility
GBT
Industry
5yr Volatility vs Market
Related Companies

Value

 Is GBST Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of GBST Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for GBST Holdings.

ASX:GBT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.2%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:GBT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
IT Unlevered Beta Simply Wall St/ S&P Global 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.987 (1 + (1- 30%) (0%))
0.991
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.991 * 5.96%)
8.22%

Discounted Cash Flow Calculation for ASX:GBT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for GBST Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:GBT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 8.22%)
2020 4.90 Analyst x1 4.53
2021 10.70 Analyst x2 9.14
2022 11.00 Analyst x1 8.68
2023 14.00 Analyst x1 10.21
2024 16.00 Analyst x1 10.78
2025 17.60 Est @ 10.01% 10.96
2026 18.96 Est @ 7.7% 10.90
2027 20.11 Est @ 6.08% 10.69
2028 21.11 Est @ 4.95% 10.37
2029 21.98 Est @ 4.16% 9.98
Present value of next 10 years cash flows A$96.22
ASX:GBT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$21.98 × (1 + 2.31%) ÷ (8.22% – 2.31%)
A$380.62
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$380.62 ÷ (1 + 8.22%)10
A$172.73
ASX:GBT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$96.22 + A$172.73
A$268.95
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$268.95 / 67.91
A$3.96
ASX:GBT Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$3.96
Current discount Discount to share price of A$3.57
= -1 x (A$3.57 - A$3.96) / A$3.96
9.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price GBST Holdings is available for.
Intrinsic value
10%
Share price is A$3.57 vs Future cash flow value of A$3.96
Current Discount Checks
For GBST Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • GBST Holdings's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • GBST Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for GBST Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are GBST Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:GBT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.11
ASX:GBT Share Price ** ASX (2019-07-19) in AUD A$3.57
Australia IT Industry PE Ratio Median Figure of 17 Publicly-Listed IT Companies 20.72x
Australia Market PE Ratio Median Figure of 546 Publicly-Listed Companies 16.1x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of GBST Holdings.

ASX:GBT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:GBT Share Price ÷ EPS (both in AUD)

= 3.57 ÷ 0.11

32.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GBST Holdings is overvalued based on earnings compared to the AU IT industry average.
  • GBST Holdings is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does GBST Holdings's expected growth come at a high price?
Raw Data
ASX:GBT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 32.53x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
13.8%per year
Australia IT Industry PEG Ratio Median Figure of 12 Publicly-Listed IT Companies 1.21x
Australia Market PEG Ratio Median Figure of 361 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

ASX:GBT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 32.53x ÷ 13.8%

2.35x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GBST Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on GBST Holdings's assets?
Raw Data
ASX:GBT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$1.06
ASX:GBT Share Price * ASX (2019-07-19) in AUD A$3.57
Australia IT Industry PB Ratio Median Figure of 32 Publicly-Listed IT Companies 2.99x
Australia Market PB Ratio Median Figure of 1,693 Publicly-Listed Companies 1.7x
ASX:GBT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:GBT Share Price ÷ Book Value per Share (both in AUD)

= 3.57 ÷ 1.06

3.36x

* Primary Listing of GBST Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GBST Holdings is overvalued based on assets compared to the AU IT industry average.
X
Value checks
We assess GBST Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. GBST Holdings has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is GBST Holdings expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is GBST Holdings expected to grow at an attractive rate?
  • GBST Holdings's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • GBST Holdings's earnings growth is expected to exceed the Australia market average.
  • GBST Holdings's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:GBT Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:GBT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 13.8%
ASX:GBT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 7.2%
Australia IT Industry Earnings Growth Rate Market Cap Weighted Average 26.1%
Australia IT Industry Revenue Growth Rate Market Cap Weighted Average 18.2%
Australia Market Earnings Growth Rate Market Cap Weighted Average 7.4%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:GBT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:GBT Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-06-30 134 18 1
2023-06-30 127 17 1
2022-06-30 120 25 15 1
2021-06-30 108 19 13 3
2020-06-30 103 17 11 3
2019-06-30 95 15 10 3
ASX:GBT Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 89 16 7
2018-09-30 89 13 7
2018-06-30 88 11 6
2018-03-31 87 10 6
2017-12-31 85 9 5
2017-09-30 87 10 6
2017-06-30 88 11 7
2017-03-31 92 15 9
2016-12-31 97 18 11
2016-09-30 102 15 10
2016-06-30 108 12 9
2016-03-31 112 12 10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • GBST Holdings's earnings are expected to grow by 13.8% yearly, however this is not considered high growth (20% yearly).
  • GBST Holdings's revenue is expected to grow by 7.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:GBT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from GBST Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:GBT Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-06-30 0.27 0.27 0.27 1.00
2023-06-30 0.25 0.25 0.25 1.00
2022-06-30 0.22 0.22 0.22 1.00
2021-06-30 0.19 0.21 0.16 3.00
2020-06-30 0.17 0.18 0.15 3.00
2019-06-30 0.15 0.17 0.13 2.00
ASX:GBT Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.11
2018-09-30 0.10
2018-06-30 0.09
2018-03-31 0.08
2017-12-31 0.08
2017-09-30 0.09
2017-06-30 0.10
2017-03-31 0.14
2016-12-31 0.17
2016-09-30 0.15
2016-06-30 0.14
2016-03-31 0.15

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • GBST Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess GBST Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
GBST Holdings has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has GBST Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare GBST Holdings's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • GBST Holdings's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • GBST Holdings's 1-year earnings growth exceeds its 5-year average (46.2% vs -12.2%)
  • GBST Holdings's earnings growth has not exceeded the AU IT industry average in the past year (46.2% vs 50.5%).
Earnings and Revenue History
GBST Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from GBST Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:GBT Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 89.40 7.45 9.41
2018-09-30 88.83 6.85 9.20
2018-06-30 88.26 6.25 9.00
2018-03-31 86.81 5.67 9.15
2017-12-31 85.36 5.09 9.29
2017-09-30 86.67 6.04 9.45
2017-06-30 87.98 6.99 9.61
2017-03-31 92.39 9.19 9.20
2016-12-31 96.81 11.39 8.79
2016-09-30 102.48 10.33 10.03
2016-06-30 108.14 9.27 11.27
2016-03-31 111.71 9.93 13.40
2015-12-31 115.28 10.60 15.53
2015-09-30 114.77 12.93 13.85
2015-06-30 114.25 15.27 12.17
2015-03-31 109.72 13.93 12.08
2014-12-31 105.19 12.58 11.98
2014-09-30 101.84 11.31 11.51
2014-06-30 98.49 10.03 11.05
2014-03-31 94.50 9.05 7.87
2013-12-31 90.51 8.07 4.69
2013-09-30 86.76 7.05 4.90
2013-06-30 83.01 6.03 5.11
2013-03-31 81.01 4.77 6.10
2012-12-31 79.02 3.51 7.10
2012-09-30 78.04 3.38 7.48

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • GBST Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • GBST Holdings used its assets less efficiently than the AU IT industry average last year based on Return on Assets.
  • GBST Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess GBST Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
GBST Holdings has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is GBST Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up GBST Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • GBST Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • GBST Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of GBST Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • GBST Holdings has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from GBST Holdings Company Filings, last reported 6 months ago.

ASX:GBT Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 72.26 0.00 9.60
2018-09-30 72.26 0.00 9.60
2018-06-30 68.71 0.00 11.37
2018-03-31 68.71 0.00 11.37
2017-12-31 66.10 0.13 14.96
2017-09-30 66.10 0.13 14.96
2017-06-30 64.88 0.18 11.73
2017-03-31 64.88 0.18 11.73
2016-12-31 65.48 0.00 12.09
2016-09-30 65.48 0.00 12.09
2016-06-30 65.89 0.02 9.01
2016-03-31 65.89 0.02 9.01
2015-12-31 64.84 0.03 4.54
2015-09-30 64.84 0.03 4.54
2015-06-30 66.46 0.03 7.79
2015-03-31 66.46 0.03 7.79
2014-12-31 58.86 0.03 3.26
2014-09-30 58.86 0.03 3.26
2014-06-30 53.28 5.01 2.34
2014-03-31 53.28 5.01 2.34
2013-12-31 50.40 9.99 2.30
2013-09-30 50.40 9.99 2.30
2013-06-30 45.60 13.93 3.51
2013-03-31 45.60 13.93 3.51
2012-12-31 42.28 19.73 1.29
2012-09-30 42.28 19.73 1.29
  • GBST Holdings has no debt.
  • GBST Holdings has no debt compared to 5 years ago when it was 22.3%.
  • GBST Holdings has no debt, it does not need to be covered by operating cash flow.
  • GBST Holdings has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess GBST Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. GBST Holdings has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is GBST Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from GBST Holdings dividends. Estimated to be 2.06% next year.
If you bought A$2,000 of GBST Holdings shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate GBST Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate GBST Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:GBT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Australia IT Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 2.4%
Australia Market Average Dividend Yield Market Cap Weighted Average of 415 Stocks 4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.4%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:GBT Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2024-06-30
2023-06-30 0.12 1.00
2022-06-30 0.10 1.00
2021-06-30 0.08 3.00
2020-06-30 0.04 2.00
2019-06-30 0.01 3.00
ASX:GBT Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-12 0.000 0.000
2018-08-13 0.050 2.995
2018-02-12 0.050 2.239
2017-08-28 0.050 2.381
2017-02-13 0.074 2.598
2016-08-22 0.110 2.869
2016-02-15 0.110 2.420
2015-08-11 0.110 2.526
2015-02-12 0.100 1.773
2014-08-18 0.090 2.342
2014-02-12 0.080 2.437
2013-08-22 0.070 2.386
2013-02-15 0.060 3.770
2012-08-27 0.050 4.988
2012-07-26 0.050 6.274
2012-02-13 0.050 6.123
2011-08-22 0.040 4.457
2011-02-23 0.040 4.275
2010-08-27 0.020 2.084
2010-02-25 0.000 0.000
2009-08-27 0.000 0.000
2009-02-27 0.030 4.327
2008-08-29 0.095 10.238

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as GBST Holdings has not reported any payouts.
  • Unable to verify if GBST Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of GBST Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as GBST Holdings has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess GBST Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can GBST Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. GBST Holdings has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of GBST Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rob DeDominicis
COMPENSATION A$623,116
TENURE AS CEO 3.6 years
CEO Bio

Mr. Robert DeDominicis, also known as Rob, has been the Chief Executive Officer and Managing Director of GBST Holdings Limited since December 15, 2015. Mr. DeDominicis served as an Interim Group Chief Executive Officer of GBST Holdings Limited since October 15, 2015 until December 15, 2015. He served as the Chief Executive of Wealth Management at GBST Holdings Limited since August 2007. He is a founding partner of InfoComp with over 25 years experience in the development of software applications. He served as the Chief Executive Officer of InfoComp Pty Limited. He has a business and technical software background having been part of InfoComp’s development and professional services teams. He has extensive experience in the registry and wealth management sector both in Australia and the UK having driven InfoComp’s involvement with this sector since 1995. He serves as Director at GBST Holdings Limited. Mr. DeDominicis holds a Bachelor of Mathematics degree.

CEO Compensation
  • Rob's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Rob's remuneration is about average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the GBST Holdings management team in years:

3
Average Tenure
  • The tenure for the GBST Holdings management team is about average.
Management Team

Rob DeDominicis

TITLE
MD, CEO & Director
COMPENSATION
A$623K
TENURE
3.6 yrs

Mark Knowlton

TITLE
Chief Technology Officer
COMPENSATION
A$587K
TENURE
2.3 yrs

Denis Orrock

TITLE
Head of Asia Pacific
COMPENSATION
A$393K
TENURE
11.2 yrs

David Simpson

TITLE
Head of Europe
COMPENSATION
A$615K
TENURE
3 yrs

Matthew Walton

TITLE
Chief Financial Officer
TENURE
0.8 yrs

Isabel Sanchez

TITLE
Chief Technology Operations Officer
COMPENSATION
A$240K
TENURE
0.3 yrs

Jillian Bannan

TITLE
Company Secretary & General Counsel
TENURE
3 yrs

Belinda Armstrong

TITLE
Head of Human Resources
TENURE
2 yrs

John Kehoe

TITLE
Head of Business Development - North America
TENURE
5.8 yrs
Board of Directors Tenure

Average tenure of the GBST Holdings board of directors in years:

3.3
Average Tenure
  • The tenure for the GBST Holdings board of directors is about average.
Board of Directors

Allan Brackin

TITLE
Independent Non-Executive Chairperson
COMPENSATION
A$135K
AGE
64
TENURE
3.6 yrs

Rob DeDominicis

TITLE
MD, CEO & Director
COMPENSATION
A$623K
TENURE
3.6 yrs

Christine Bartlett

TITLE
Deputy Chairperson
COMPENSATION
A$90K

Debbie Page

TITLE
Independent Non-Executive Director
COMPENSATION
A$90K
AGE
60
TENURE
3 yrs

Tam Vu

TITLE
Independent Non-Executive Director
COMPENSATION
A$90K
TENURE
2.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
19. Jul 19 Buy Spheria Asset Management Pty Ltd Company 04. Jul 19 19. Jul 19 956,919 A$3.56 A$3,367,614
02. Jul 19 Buy Spheria Asset Management Pty Ltd Company 25. Jun 19 28. Jun 19 1,380,549 A$2.93 A$4,044,698
15. May 19 Sell Spheria Asset Management Pty Ltd Company 14. Mar 19 14. Mar 19 -81,979 A$1.86 A$-152,891
15. May 19 Buy Spheria Asset Management Pty Ltd Company 09. May 19 13. May 19 414,249 A$2.62 A$1,083,918
08. May 19 Buy Microequities Asset Management Pty Limited Company 05. Jan 19 06. May 19 320,272 A$2.28 A$730,220
16. Apr 19 Sell Perpetual Limited Company 12. Apr 19 12. Apr 19 -1,124,475 A$2.43 A$-2,720,356
10. Apr 19 Sell Perpetual Limited Company 05. Apr 19 08. Apr 19 -882,143 A$1.97 A$-1,720,364
05. Apr 19 Sell Perpetual Limited Company 23. Jan 19 03. Apr 19 -1,378,944 A$1.73 A$-2,384,760
05. Apr 19 Buy Perpetual Limited Company 25. Jan 19 05. Feb 19 519,467 A$1.31 A$678,657
07. Mar 19 Buy Australian Ethical Investment Ltd Company 05. Feb 19 05. Mar 19 1,051,112 A$1.68 A$1,729,909
19. Feb 19 Buy Spheria Asset Management Pty Ltd Company 10. Oct 18 15. Feb 19 876,035 A$1.78 A$1,448,573
30. Jan 19 Sell Australian Ethical Investment Ltd Company 21. Aug 17 02. Aug 18 -737,470 A$2.25 A$-1,657,461
30. Jan 19 Buy Australian Ethical Investment Ltd Company 07. Apr 17 25. Jan 19 1,686,851 A$1.86 A$3,144,983
24. Jan 19 Sell Perpetual Limited Company 14. Jun 18 22. Jan 19 -1,473,619 A$1.77 A$-2,605,792
24. Jan 19 Buy Perpetual Limited Company 03. May 18 05. Sep 18 646,447 A$1.96 A$1,264,898
23. Jan 19 Buy Burgundy Asset Management Ltd. Company 18. Sep 18 22. Jan 19 1,888,136 A$2.02 A$2,827,425
21. Aug 18 Buy Deborah Page Individual 20. Aug 18 20. Aug 18 6,000 A$2.00 A$12,000
16. Aug 18 Sell Schroder Investment Management Limited Company 15. Jun 18 16. Aug 18 -71,354 A$2.21 A$-157,657
16. Aug 18 Buy Schroder Investment Management Limited Company 15. Jun 18 16. Aug 18 847,212 A$2.19 A$1,859,169
X
Management checks
We assess GBST Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. GBST Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What Does GBST Holdings Limited's (ASX:GBT) P/E Ratio Tell You?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … GBST Holdings has a price to earnings ratio of 17.86, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

What Percentage Of GBST Holdings Limited (ASX:GBT) Shares Do Insiders Own?

Every investor in GBST Holdings Limited (ASX:GBT) should be aware of the most powerful shareholder groups. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … GBST Holdings is a smaller company with a market capitalization of AU$131m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Some GBST Holdings (ASX:GBT) Shareholders Have Copped A Big 58% Share Price Drop

GBST Holdings Limited (ASX:GBT) shareholders should be happy to see the share price up 27% in the last month. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During the three years that the share price fell, GBST Holdings's earnings per share (EPS) dropped by 12% each year.

Simply Wall St -

Should You Be Concerned About GBST Holdings Limited's (ASX:GBT) ROE?

Our data shows GBST Holdings has a return on equity of 10% for the last year. … That means that for every A$1 worth of shareholders' equity, it generated A$0.10 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is There An Opportunity With GBST Holdings Limited's (ASX:GBT) 49.62% Undervaluation?

by taking the expected future cash flows and discounting them to their present value. … Discounted Cash Flows (DCF) … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model.

Simply Wall St -

Why GBST Holdings Limited (ASX:GBT) Could Be Your Next Investment

Attractive stocks have exceptional fundamentals. … In the case of GBST Holdings Limited (ASX:GBT), there's. … is a company that has been able to sustain great financial health, trading at an attractive share price

Simply Wall St -

Here’s What GBST Holdings Limited’s (ASX:GBT) Return On Capital Can Tell Us

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Our Take On GBST Holdings Limited's (ASX:GBT) CEO Salary

In 2015 Rob DeDominicis was appointed CEO of GBST Holdings Limited (ASX:GBT). … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Rob DeDominicis's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Does GBST Holdings Limited's (ASX:GBT) -11% Earnings Drop Reflect A Longer Term Trend?

Understanding how GBST Holdings Limited (ASX:GBT) is performing as a company requires looking at more than just a years' earnings. … Today I will run you through a basic sense check to gain perspective on how GBST Holdings is doing by comparing its latest earnings with its long-term trend as well as the performance of its it industry peers. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of -6.3%, indicating the rate at which GBT is growing has slowed down

Simply Wall St -

Is It Too Late To Buy GBST Holdings Limited (ASX:GBT) At Its January Price?

GBST Holdings Limited (ASX:GBT) is considered a high growth stock. … However its last closing price of A$1.52 left investors wondering whether this growth has already been factored into the share price. … GBST Holdings is poised for significantly high earnings growth in the near future

Simply Wall St -

Company Info

Description

GBST Holdings Limited provides custom technology solutions for the financial service sector in Australia, the United Kingdom, North America, and Asia. The company offers GBST Syn~ shares and derivatives platforms, which are used as middle-office and back-office equities and derivatives system; and Emu Design to provide independent financial data and digital agency services for interactive Website design, development, hosting, e-commerce platforms, and mobile and social networking solutions. It also provides GBST Composer platform, which offers end to end funds administration and management software to the wealth management industry; and an integrated system for the administration of wrap platforms, including individual savings accounts, pensions, self-invested personal pension, and superannuation, as well as master trusts, unit trusts, risk and debt, and other investment assets. In addition, the company provides technology hub solutions; and data analytics and quantitative services for the measurement of portfolio performance; and GBST Syn? platform that provides technology to process equities, derivatives, fixed income, and managed funds transactions for global capital markets. Further, it offers software licenses; maintenance and support services for licensed software; implementation and consulting services; application management services; and project development contract services, as well as sells third party products. GBST Holdings Limited was founded in 1984 and is based in Brisbane, Australia.

Details
Name: GBST Holdings Limited
GBT
Exchange: ASX
Founded: 1984
A$242,447,653
67,912,508
Website: http://www.gbst.com
Address: GBST Holdings Limited
West Tower,
Level 4,
Brisbane,
Queensland, 4000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX GBT Ordinary Shares Australian Securities Exchange AU AUD 28. Jun 2005
CHIA GBT Ordinary Shares Chi-X Australia AU AUD 28. Jun 2005
Number of employees
Current staff
Staff numbers
0
GBST Holdings employees.
Industry
Data Processing and Outsourced Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 10:35
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/19
Last earnings filing: 2019/02/12
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.