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GFT Technologies

XTRA:GFT
Snowflake Description

Very undervalued 6 star dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GFT
XTRA
€185M
Market Cap
  1. Home
  2. DE
  3. Software
Company description

GFT Technologies SE, together with its subsidiaries, provides information technology (IT) consulting and solutions. The last earnings update was 48 days ago. More info.


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  • GFT Technologies has significant price volatility in the past 3 months.
GFT Share Price and Events
7 Day Returns
-2%
XTRA:GFT
0.8%
DE IT
1.5%
DE Market
1 Year Returns
-38.4%
XTRA:GFT
10.7%
DE IT
-5.8%
DE Market
GFT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
GFT Technologies (GFT) -2% -11.3% -7% -38.4% -60.6% -28.7%
DE IT 0.8% -3.3% 19.7% 10.7% 193.7% 275.1%
DE Market 1.5% 1.3% 2.2% -5.8% 17.6% 8.7%
1 Year Return vs Industry and Market
  • GFT underperformed the IT industry which returned 10.7% over the past year.
  • GFT underperformed the Market in Germany which returned -5.8% over the past year.
Price Volatility
GFT
Industry
5yr Volatility vs Market

Value

 Is GFT Technologies 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 GFT Technologies 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 GFT Technologies.

XTRA:GFT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 XTRA:GFT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
IT Unlevered Beta Simply Wall St/ S&P Global 1.01
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.013 (1 + (1- 30%) (60.39%))
1.296
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.3
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.296 * 5.96%)
7.95%

Discounted Cash Flow Calculation for XTRA:GFT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for GFT Technologies 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.

XTRA:GFT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.95%)
2019 22.30 Analyst x4 20.66
2020 26.60 Analyst x4 22.83
2021 28.65 Analyst x4 22.78
2022 28.95 Analyst x2 21.32
2023 30.05 Analyst x2 20.50
2024 30.86 Est @ 2.68% 19.50
2025 31.46 Est @ 1.94% 18.41
2026 31.91 Est @ 1.43% 17.30
2027 32.25 Est @ 1.07% 16.20
2028 32.51 Est @ 0.82% 15.13
Present value of next 10 years cash flows €194.62
XTRA:GFT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €32.51 × (1 + 0.23%) ÷ (7.95% – 0.23%)
€421.99
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €421.99 ÷ (1 + 7.95%)10
€196.38
XTRA:GFT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €194.62 + €196.38
€391.00
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €391.00 / 26.33
€14.85
XTRA:GFT Discount to Share Price
Calculation Result
Value per share (EUR) From above. €14.85
Current discount Discount to share price of €7.04
= -1 x (€7.04 - €14.85) / €14.85
52.6%

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

Current Discount
Amount off the current price GFT Technologies is available for.
Intrinsic value
>50%
Share price is €7.04 vs Future cash flow value of €14.85
Current Discount Checks
For GFT Technologies to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • GFT Technologies's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • GFT Technologies's share price is below the future cash flow value, and 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 GFT Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are GFT Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XTRA:GFT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €0.68
XTRA:GFT Share Price ** XTRA (2019-06-25) in EUR €7.04
Germany IT Industry PE Ratio Median Figure of 20 Publicly-Listed IT Companies 25.74x
Germany Market PE Ratio Median Figure of 425 Publicly-Listed Companies 19.8x

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

** Primary Listing of GFT Technologies.

XTRA:GFT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:GFT Share Price ÷ EPS (both in EUR)

= 7.04 ÷ 0.68

10.4x

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

  • GFT Technologies is good value based on earnings compared to the DE IT industry average.
  • GFT Technologies is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does GFT Technologies's expected growth come at a high price?
Raw Data
XTRA:GFT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.4x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
13.1%per year
Germany IT Industry PEG Ratio Median Figure of 13 Publicly-Listed IT Companies 1.6x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

XTRA:GFT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.4x ÷ 13.1%

0.79x

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

  • GFT Technologies is good value based on expected growth next year.
Price based on value of assets
What value do investors place on GFT Technologies's assets?
Raw Data
XTRA:GFT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €4.83
XTRA:GFT Share Price * XTRA (2019-06-25) in EUR €7.04
Germany IT Industry PB Ratio Median Figure of 25 Publicly-Listed IT Companies 3.97x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.8x
XTRA:GFT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:GFT Share Price ÷ Book Value per Share (both in EUR)

= 7.04 ÷ 4.83

1.46x

* Primary Listing of GFT Technologies.

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

  • GFT Technologies is good value based on assets compared to the DE IT industry average.
X
Value checks
We assess GFT Technologies'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. GFT Technologies has a total score of 6/6, 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 GFT Technologies expected to perform in the next 1 to 3 years based on estimates from 4 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
13.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is GFT Technologies expected to grow at an attractive rate?
  • GFT Technologies's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • GFT Technologies's earnings growth is expected to exceed the Germany market average.
  • GFT Technologies's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
XTRA:GFT Future Growth Rates Data Sources
Data Point Source Value (per year)
XTRA:GFT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 13.1%
XTRA:GFT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 4.5%
Germany IT Industry Earnings Growth Rate Market Cap Weighted Average 24.4%
Germany IT Industry Revenue Growth Rate Market Cap Weighted Average 17.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*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
XTRA:GFT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
XTRA:GFT Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 501 3
2022-12-31 480 3
2021-12-31 455 42 24 4
2020-12-31 434 38 19 4
2019-12-31 418 29 17 4
XTRA:GFT Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 412 47 18
2018-12-31 413 45 20
2018-09-30 411 36 21
2018-06-30 412 40 22
2018-03-31 415 51 18
2017-12-31 419 24 16
2017-09-30 425 24 20
2017-06-30 432 26 20
2017-03-31 436 14 24
2016-12-31 423 20 24
2016-09-30 416 20 29
2016-06-30 403 30 30

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • GFT Technologies's earnings are expected to grow by 13.1% yearly, however this is not considered high growth (20% yearly).
  • GFT Technologies's revenue is expected to grow by 4.5% 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
XTRA:GFT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from GFT Technologies Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:GFT Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.89 1.09 0.73 4.00
2020-12-31 0.73 0.85 0.56 4.00
2019-12-31 0.64 0.64 0.64 1.00
XTRA:GFT Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 0.68
2018-12-31 0.76
2018-09-30 0.80
2018-06-30 0.84
2018-03-31 0.68
2017-12-31 0.60
2017-09-30 0.74
2017-06-30 0.75
2017-03-31 0.90
2016-12-31 0.92
2016-09-30 1.11
2016-06-30 1.14

*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.
  • GFT Technologies is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess GFT Technologies'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
GFT Technologies has a total score of 2/6, 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 GFT Technologies 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 GFT Technologies'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.
  • GFT Technologies's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • GFT Technologies's 1-year earnings growth exceeds its 5-year average (1.1% vs 0.7%)
  • GFT Technologies's earnings growth has not exceeded the DE IT industry average in the past year (1.1% vs 16.2%).
Earnings and Revenue History
GFT Technologies'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 GFT Technologies Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:GFT Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 411.56 17.99
2018-12-31 412.83 19.98
2018-09-30 411.35 21.00
2018-06-30 412.20 22.00
2018-03-31 414.70 17.79
2017-12-31 418.81 15.76
2017-09-30 424.80 19.57
2017-06-30 432.30 19.62
2017-03-31 436.27 23.65
2016-12-31 422.56 24.23
2016-09-30 416.31 29.18
2016-06-30 402.77 29.90
2016-03-31 382.37 27.38
2015-12-31 373.51 26.55
2015-09-30 359.25 21.13
2015-06-30 343.91 20.85
2015-03-31 311.75 20.31
2014-12-31 279.24 18.59
2014-09-30 270.31 18.18
2014-06-30 264.18 15.86
2014-03-31 264.78 15.50
2013-12-31 264.29 13.63
2013-09-30 241.53 11.57
2013-06-30 228.50 10.33
2013-03-31 228.55 8.85
2012-12-31 230.69 8.34
2012-09-30 239.11 6.63
2012-06-30 246.96 7.02

*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.
  • GFT Technologies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • GFT Technologies used its assets less efficiently than the DE IT industry average last year based on Return on Assets.
  • GFT Technologies's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess GFT Technologies'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.
GFT Technologies has a total score of 2/6, 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 GFT Technologies'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 GFT Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • GFT Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • GFT Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of GFT Technologies'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.6x debt.
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 GFT Technologies Company Filings, last reported 2 months ago.

XTRA:GFT Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 130.80 111.92 62.65
2018-12-31 127.11 121.24 62.30
2018-09-30 122.83 132.41 48.09
2018-06-30 117.67 106.39 65.48
2018-03-31 119.95 108.39 79.83
2017-12-31 115.32 111.54 74.08
2017-09-30 118.18 103.38 48.85
2017-06-30 114.28 105.18 43.89
2017-03-31 121.71 105.38 46.03
2016-12-31 117.18 104.34 63.77
2016-09-30 126.79 104.39 47.56
2016-06-30 122.41 112.56 44.70
2016-03-31 124.77 91.90 44.70
2015-12-31 124.45 83.44 47.74
2015-09-30 113.61 112.04 58.22
2015-06-30 113.13 96.34 32.35
2015-03-31 114.27 94.30 33.18
2014-12-31 100.41 80.16 38.90
2014-09-30 95.06 63.69 22.76
2014-06-30 87.98 59.14 26.99
2014-03-31 90.48 27.96 46.55
2013-12-31 87.15 27.74 49.03
2013-09-30 82.69 7.35 20.33
2013-06-30 78.65 2.60 27.59
2013-03-31 79.43 0.87 27.12
2012-12-31 78.21 0.00 37.37
2012-09-30 77.04 0.35 23.98
2012-06-30 74.47 0.46 24.45
  • GFT Technologies's level of debt (85.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (31.3% vs 85.6% today).
  • Debt is well covered by operating cash flow (41.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.2x coverage).
X
Financial health checks
We assess GFT Technologies'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. GFT Technologies has a total score of 4/6, 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 GFT Technologies'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
4.26%
Current annual income from GFT Technologies dividends. Estimated to be 4.43% next year.
If you bought €2,000 of GFT Technologies shares you are expected to receive €85 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?
  • GFT Technologies's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • GFT Technologies's dividend is above the markets top 25% of dividend payers in Germany (3.81%).
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
XTRA:GFT 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 4 Analyst Estimates (S&P Global) See Below
Germany IT Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 0.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 328 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

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

XTRA:GFT Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.36 4.00
2020-12-31 0.31 4.00
2019-12-31 0.27 4.00
XTRA:GFT Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-01 0.300 3.850
2018-03-29 0.300 2.945
2018-03-02 0.300 2.174
2017-03-30 0.300 1.987
2016-03-30 0.300 1.544
2015-03-24 0.250 1.126
2015-03-05 0.250 1.476
2014-04-01 0.250 2.357
2014-03-05 0.250 3.051
2013-04-02 0.150 2.997
2013-02-28 0.150 4.422
2012-03-21 0.150 4.844
2012-03-01 0.150 4.705
2011-03-21 0.150 4.586
2010-03-01 0.100 2.846
2009-01-02 0.100 4.990

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of GFT Technologies's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
X
Income/ dividend checks
We assess GFT Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 GFT Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. GFT Technologies has a total score of 6/6, 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 GFT Technologies'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
Marika Lulay
COMPENSATION €818,573
AGE 56
TENURE AS CEO 2.1 years
CEO Bio

Mrs. Marika Lulay serves as Chairman of the Managing Directors and Member of Executive Board at GFT Technologies SE and has been its Chief Executive Officer since June 2017. Mrs. Lulay has been responsible for Sales and Production of Client Group Industry and Services since July 1, 2002. Mrs. Lulay served as Chief Operating Officer at GFT Technologies SE from July 1, 2002 to May 31, 2017 and served as its Member of Executive Board from July 1, 2002 to August 18, 2015. She previously served as Chief Operating Officer of GFT Technologies AG since July 1, 2002. She also served as Chief Production and Sales Officer and Chief Operating Officer of Global Solutions of Gft Technologies AG. She serves as an Assistant Chairman of GFT Iberia Solutions, S.A., Sant Cugat del Vallés, Spain. She serves as a Member of the Board of GFT UK Limited, London. She has been a Member of Supervisory Board of GFT Technologies (Schweiz) AG, Wallisellen since August 26, 2002. She has been a Member of The Administrative Board at GFT Technologies SE since August 2015. She has been a Member of Supervisory Board at Wüstenrot & Württembergische AG since June 9, 2016. She has been Member of the Supervisory Board at EnBW Energie Baden-Württemberg AG since February 14, 2019. She served as a Member of the Board of GFT Technologies (India) Private Limited, Trichy, India until February 2008.

CEO Compensation
  • Marika's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Marika's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the GFT Technologies management team in years:

9.1
Average Tenure
  • The average tenure for the GFT Technologies management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Ulrich Dietz

TITLE
Founder & Chairman of the Administrative Board
TENURE
32.4 yrs

Marika Lulay

TITLE
CEO, Chairman of MD
COMPENSATION
€819K
AGE
56
TENURE
2.1 yrs

Jochen Ruetz

TITLE
CFO, MD
COMPENSATION
€690K
TENURE
15.8 yrs

Carlos Eres

TITLE
MD of Spain & Mexico and Member of Executive Board

Alfio Puglisi

TITLE
MD of the Regions Germany

Andrea Wlcek

TITLE
Head of Group Communications and Director of Global Marketing
TENURE
17.4 yrs

Guillermo Rodríguez

TITLE
Global Head of Human Resources

Markus Kreitinger

TITLE
Head of M&A

Christian Ball

TITLE
Head of Retail
TENURE
2.4 yrs

Andrew Rossiter

TITLE
Head of Technology Services - Atlantic Region
TENURE
2 yrs
Board of Directors Tenure

Average tenure and age of the GFT Technologies board of directors in years:

4.4
Average Tenure
59.5
Average Age
  • The tenure for the GFT Technologies board of directors is about average.
Board of Directors

Ulrich Dietz

TITLE
Founder & Chairman of the Administrative Board
TENURE
2.1 yrs

Marika Lulay

TITLE
CEO, Chairman of MD
COMPENSATION
€819K
AGE
56
TENURE
4.4 yrs

Paul Lerbinger

TITLE
Vice Chairman of the Administrative Board
AGE
63
TENURE
2.1 yrs

Jochen Ruetz

TITLE
CFO, MD
COMPENSATION
€690K
TENURE
4.4 yrs

Gerhard Barth

TITLE
Member of the Advisory Board
COMPENSATION
€5K
AGE
68

Andreas Bereczky

TITLE
Member of the Administrative Board
AGE
65
TENURE
8.1 yrs

Maria Dietz

TITLE
Member of the Administrative Board
AGE
56
TENURE
4 yrs

Andreas Wiedemann

TITLE
Member of the Administrative Board
AGE
50
TENURE
4.4 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 (€) Value (€)
X
Management checks
We assess GFT Technologies'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. GFT Technologies 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

Could GFT Technologies SE's (ETR:GFT) Investor Composition Influence The Stock Price?

As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.' GFT Technologies is a smaller company with a market capitalization of €192m, so it may still be flying under the radar of many institutional investors. … See our latest analysis for GFT Technologies XTRA:GFT Ownership Summary, June 21st 2019 What Does The Institutional Ownership Tell Us About GFT Technologies? … General Public Ownership The general public, who are mostly retail investors, collectively hold 58% of GFT Technologies shares.

Simply Wall St -

What Kind Of Shareholder Owns Most GFT Technologies SE (ETR:GFT) Stock?

The big shareholder groups in GFT Technologies SE (ETR:GFT) have power over the company. … GFT Technologies is a smaller company with a market capitalization of €192m, so it may still be flying under the radar of many institutional investors. … Check out our latest analysis for GFT Technologies XTRA:GFT Ownership Summary, June 21st 2019 What Does The Institutional Ownership Tell Us About GFT Technologies?

Simply Wall St -

How Do GFT Technologies SE’s (ETR:GFT) Returns On Capital Compare To Peers?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for GFT Technologies: 0.078 = €24m ÷ (€417m - €110m) (Based on the trailing twelve months to March 2019.) Therefore, GFT Technologies has an ROCE of 7.8%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.

Simply Wall St -

Is GFT Technologies SE's (ETR:GFT) Future Growth Already Accounted For In Today's Price?

But, to be able to properly assess the value of a high-growth stock such as GFT Technologies, we must incorporate its earnings growth in our valuation. … A PE ratio of 10.87x and expected year-on-year earnings growth of 13% give GFT Technologies a low PEG ratio of 0.83x. … This tells us that when we include its growth in our analysis GFT Technologies's stock can be considered fairly valued , based on its fundamentals.

Simply Wall St -

GFT Technologies SE (ETR:GFT): What Does Its Beta Value Mean For Your Portfolio?

If you're interested in GFT Technologies SE (ETR:GFT), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … This is above 1, so historically its share price has been influenced by the broader volatility of the stock market.

Simply Wall St -

An Intrinsic Calculation For GFT Technologies SE (ETR:GFT) Suggests It's 25% Undervalued

by taking the expected future cash flows and discounting them to today's value. … This is done using the Discounted Cash Flow (DCF) model! … If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model

Simply Wall St -

What Should You Know About GFT Technologies SE's (ETR:GFT) Future?

As GFT Technologies SE (ETR:GFT) announced its earnings release on 31 December 2018, … as a -27% rise in profits is expected in the upcoming year, … the higher past 5-year average growth rate of 3.4%.

Simply Wall St -

What Should We Expect From GFT Technologies SE's (ETR:GFT) Earnings In The Years Ahead?

The most recent earnings announcement GFT Technologies SE's (ETR:GFT) released in December 2018a … signalled

Simply Wall St -

Brief Commentary On GFT Technologies SE's (ETR:GFT) Fundamentals

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook.

Simply Wall St -

Do You Like GFT Technologies SE (ETR:GFT) At This P/E Ratio?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … GFT Technologies has a price to earnings ratio of 9.95, based on the last twelve months. … How Do I Calculate A Price To Earnings Ratio

Simply Wall St -

Company Info

Description

GFT Technologies SE, together with its subsidiaries, provides information technology (IT) consulting and solutions. The company operates in two segments, Americas & UK and Continental Europe. It offers consulting on the development and realization of IT strategies, development of bespoke IT solutions, implementation of sector-specific software, and maintenance and development of business-critical IT solutions. The company also provides digital solutions; and application management and outsourcing services. It serves retail and investment banks, and insurance companies in Europe, and Northern and Southern America, as well as industrial companies in Germany, Italy, and Spain. GFT Technologies SE was founded in 1987 and is headquartered in Stuttgart, Germany.

Details
Name: GFT Technologies SE
GFT
Exchange: XTRA
Founded: 1987
€185,334,659
26,325,946
Website: http://www.gft.com
Address: GFT Technologies SE
Schelmenwasenstrasse 34,
Stuttgart,
Baden-Württemberg, 70567,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA GFT Bearer Shares XETRA Trading Platform DE EUR 28. Jun 1999
DB GFT Bearer Shares Deutsche Boerse AG DE EUR 28. Jun 1999
LSE 0O2W Bearer Shares London Stock Exchange GB EUR 28. Jun 1999
WBAG GFT Bearer Shares Wiener Boerse AG AT EUR 28. Jun 1999
BATS-CHIXE GFTD Bearer Shares BATS 'Chi-X Europe' GB EUR 28. Jun 1999
Number of employees
Current staff
Staff numbers
4,910
GFT Technologies employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 02:41
End of day share price update: 2019/06/25 00:00
Last estimates confirmation: 2019/05/13
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


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.