GK Software
XTRA:GKS
GKS
XTRA
€144M
Market Cap
Company description
GK Software SE develops and sells retail sector software worldwide. The last earnings update was 150 days ago. More info.
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GKS Share Price and Events
7 Day Returns
5.3%
XTRA:GKS
13.9%
DE Software
0.8%
DE Market
1 Year Returns
-30.3%
XTRA:GKS
27.2%
DE Software
-4.5%
DE Market
GKS Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| GK Software (GKS) | 5.3% | 8% | -1% | -30.3% | 80% | 72.2% |
| DE Software | 13.9% | 16.3% | 23.7% | 27.2% | 64% | 103.7% |
| DE Market | 0.8% | 6.9% | 8.1% | -4.5% | 10.4% | 13.9% |
1 Year Return vs Industry and Market
- GKS underperformed the Software industry which returned 27.2% over the past year.
- GKS underperformed the Market in Germany which returned -4.5% over the past year.
Value
Is GK Software 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
GK Software
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 GK Software.
| 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 | 7.5% |
| 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.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year DE Govt Bond Rate | 0.2% |
| Equity Risk Premium | S&P Global | 6% |
| Software Unlevered Beta | Simply Wall St/ S&P Global | 1.14 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.137 (1 + (1- 30%) (23.28%)) |
1.216 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.22 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.216 * 5.96%) |
7.47% |
Discounted Cash Flow Calculation for XTRA:GKS using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for GK Software 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.
| Levered FCF (EUR, Millions) | Source |
Present Value Discounted (@ 7.47%) |
|
|---|---|---|---|
| 2019 | 12.30 | Analyst x1 | 11.44 |
| 2020 | 8.30 | Analyst x2 | 7.19 |
| 2021 | 11.50 | Analyst x1 | 9.26 |
| 2022 | 13.30 | Analyst x1 | 9.97 |
| 2023 | 14.50 | Analyst x1 | 10.11 |
| 2024 | 15.39 | Est @ 6.12% | 9.98 |
| 2025 | 16.06 | Est @ 4.35% | 9.69 |
| 2026 | 16.56 | Est @ 3.11% | 9.30 |
| 2027 | 16.93 | Est @ 2.25% | 8.85 |
| 2028 | 17.21 | Est @ 1.64% | 8.37 |
| Present value of next 10 years cash flows | €94.17 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= €17.21 × (1 + 0.23%) ÷ (7.47% – 0.23%) |
€237.98 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= €237.98 ÷ (1 + 7.47%)10 |
€115.74 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= €94.17 + €115.74 |
€209.91 |
| Equity Value per Share (EUR) |
= Total value / Shares Outstanding
= €209.91 / 1.92 |
€109.33 |
| Calculation | Result | |
|---|---|---|
| Non-primary Listing Adjustment Factor |
1 share in XTRA:GKS
represents 1.008x
of
DB:GKS
(This could be a different class, a depositary receipt, a different currency, or all of these things.) |
1.008x |
| Value per Share (Listing Adjusted, EUR) |
= Value per Share (EUR) x Listing Adjustment Factor
= € 109.33 x 1.008 |
€110.20 |
| Value per share (EUR) | From above. | €110.20 |
| Current discount | Discount to share price of
€75.60
= -1 x (€75.60 - €110.20) / €110.20 |
31.4% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Amount off the current price
GK Software
is available for.
31%
Share price is
€75.6
vs Future cash flow value of
€110.2
Current Discount Checks
For
GK Software
to be considered undervalued it must be available for at least 20% below the
current price. Less than 40% is even better.
- GK Software's share price is below the future cash flow value, and at a moderate discount (> 20%).
- GK Software'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 GK Software's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
GK Software's earnings available for a low price, and how does
this compare to other companies in the same industry?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-09-30) in EUR | €0.29 |
| DB:GKS Share Price ** | DB (2019-04-25) in EUR | €75 |
| Germany Software Industry PE Ratio | Median Figure of 22 Publicly-Listed Software Companies | 35.83x |
| Germany Market PE Ratio | Median Figure of 424 Publicly-Listed Companies | 20.1x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of GK Software.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = DB:GKS Share Price ÷ EPS (both in EUR) = 75 ÷ 0.29 |
257.17x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- GK Software is overvalued based on earnings compared to the DE Software industry average.
- GK Software is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does
GK Software's expected growth come at a high price?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 257.17x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts |
38.8%per year |
| Germany Software Industry PEG Ratio | Median Figure of 14 Publicly-Listed Software Companies | 2.96x |
| Germany Market PEG Ratio | Median Figure of 268 Publicly-Listed Companies | 1.57x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 257.17x ÷ 38.8% |
6.63x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- GK Software is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
GK Software's
assets?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-09-30) in EUR | €19.29 |
| DB:GKS Share Price * | DB (2019-04-25) in EUR | €75 |
| Germany Software Industry PB Ratio | Median Figure of 34 Publicly-Listed Software Companies | 2.91x |
| Germany Market PB Ratio | Median Figure of 574 Publicly-Listed Companies | 1.87x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = DB:GKS Share Price ÷ Book Value per Share (both in EUR) = 75 ÷ 19.29 |
3.89x |
* Primary Listing of GK Software.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- GK Software is overvalued based on assets compared to the DE Software industry average.
X
Value checks
We assess GK Software's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Software industry average (and greater than 0)? (1 check) GK Software has a total score of 1/6, 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 GK Software 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!
38.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is
GK Software
expected to grow at an
attractive
rate?
- GK Software's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
- GK Software's earnings growth is expected to exceed the Germany market average.
- GK Software's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
| Data Point | Source | Value (per year) |
|---|---|---|
| XTRA:GKS Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts | 38.8% |
| XTRA:GKS Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts | 10.2% |
| Germany Software Industry Earnings Growth Rate | Market Cap Weighted Average | 12.1% |
| Germany Software Industry Revenue Growth Rate | Market Cap Weighted Average | 7.8% |
| Germany Market Earnings Growth Rate | Market Cap Weighted Average | 11.8% |
| Germany Market Revenue Growth Rate | Market Cap Weighted Average | 4.8% |
*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
All numbers in EUR Millions and using
Trailing twelve months (TTM)
annual period rather than quarterly.
| 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 |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 172 | 18 | 16 | 2 |
| 2022-12-31 | 161 | 17 | 14 | 2 |
| 2021-12-31 | 149 | 15 | 12 | 2 |
| 2020-12-31 | 136 | 14 | 11 | 3 |
| 2019-12-31 | 120 | 10 | 6 | 3 |
| 2018-12-31 | 105 | 1 | 0 | 3 |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-09-30 | 100 | 2 | 1 |
| 2018-06-30 | 96 | 5 | 1 |
| 2018-03-31 | 94 | 7 | 4 |
| 2017-12-31 | 91 | 15 | 4 |
| 2017-09-30 | 90 | 12 | 5 |
| 2017-06-30 | 86 | 13 | 5 |
| 2017-03-31 | 82 | 15 | 4 |
| 2016-12-31 | 78 | 4 | 3 |
| 2016-09-30 | 74 | 4 | 3 |
| 2016-06-30 | 71 | 4 | 1 |
| 2016-03-31 | 66 | 5 | -2 |
| 2015-12-31 | 63 | 2 | -2 |
*GAAP earnings excluding extraordinary items.
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
| 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 GK Software Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 8.15 | 8.15 | 8.15 | 1.00 |
| 2022-12-31 | 7.23 | 7.23 | 7.23 | 1.00 |
| 2021-12-31 | 5.97 | 5.97 | 5.97 | 1.00 |
| 2020-12-31 | 5.81 | 7.28 | 4.71 | 3.00 |
| 2019-12-31 | 3.12 | 3.43 | 2.80 | 2.00 |
| 2018-12-31 | 0.08 | 0.15 | 0.05 | 3.00 |
| Date (Data in EUR Millions) | EPS * |
|---|---|
| 2018-09-30 | 0.29 |
| 2018-06-30 | 0.76 |
| 2018-03-31 | 1.97 |
| 2017-12-31 | 2.04 |
| 2017-09-30 | 2.58 |
| 2017-06-30 | 2.83 |
| 2017-03-31 | 2.13 |
| 2016-12-31 | 1.50 |
| 2016-09-30 | 1.64 |
| 2016-06-30 | 0.63 |
| 2016-03-31 | -0.94 |
| 2015-12-31 | -0.79 |
*GAAP earnings excluding extraordinary items.
X
GK Software has a total score of 5/6, 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.
Future performance checks
We assess GK Software's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
GK Software has a total score of 5/6, 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 GK Software 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
GK Software's growth in the last year to its industry (Software).
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.
- GK Software has delivered over 20% year on year earnings growth in the past 5 years.
- GK Software's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- GK Software's 1-year earnings growth is negative, it can't be compared to the DE Software industry average.
Earnings and Revenue History
GK Software'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 GK Software Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-09-30 | 99.71 | 0.56 | ||
| 2018-06-30 | 95.66 | 1.46 | ||
| 2018-03-31 | 94.31 | 3.74 | ||
| 2017-12-31 | 90.76 | 3.88 | ||
| 2017-09-30 | 90.22 | 4.85 | ||
| 2017-06-30 | 86.12 | 5.33 | ||
| 2017-03-31 | 82.29 | 4.01 | ||
| 2016-12-31 | 77.73 | 2.83 | ||
| 2016-09-30 | 74.20 | 3.11 | ||
| 2016-06-30 | 71.15 | 1.20 | ||
| 2016-03-31 | 65.55 | -1.78 | ||
| 2015-12-31 | 63.13 | -1.50 | ||
| 2015-09-30 | 57.16 | -3.10 | ||
| 2015-06-30 | 52.74 | -2.67 | ||
| 2015-03-31 | 49.43 | -1.69 | ||
| 2014-12-31 | 45.67 | -1.87 | ||
| 2014-09-30 | 45.19 | -1.73 | ||
| 2014-06-30 | 45.23 | -0.41 | ||
| 2014-03-31 | 43.24 | -0.37 | ||
| 2013-12-31 | 43.04 | 0.60 | ||
| 2013-09-30 | 34.91 | -1.54 | ||
| 2013-06-30 | 30.79 | -2.21 | ||
| 2013-03-31 | 30.55 | -0.56 | ||
| 2012-12-31 | 29.17 | 1.05 | ||
| 2012-09-30 | 34.95 | 4.51 | ||
| 2012-06-30 | 34.86 | 5.11 |
*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.
- GK Software has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- GK Software used its assets less efficiently than the DE Software industry average last year based on Return on Assets.
- It is difficult to establish if GK Software improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
GK Software 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.
Past performance checks
We assess GK Software's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
GK Software 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 GK Software'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 GK Software's finances.
The net worth of a company is the difference between its assets and liabilities.
- GK Software is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- GK Software's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of
GK Software'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 GK Software Company Filings, last reported 6 months ago.
| Date (Data in EUR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-09-30 | 37.67 | 33.43 | 15.72 |
| 2018-06-30 | 38.71 | 31.33 | 22.90 |
| 2018-03-31 | 37.45 | 33.29 | 34.60 |
| 2017-12-31 | 38.67 | 32.32 | 30.48 |
| 2017-09-30 | 33.52 | 20.44 | 17.72 |
| 2017-06-30 | 33.57 | 15.01 | 13.21 |
| 2017-03-31 | 31.36 | 13.00 | 16.93 |
| 2016-12-31 | 31.65 | 14.76 | 6.02 |
| 2016-09-30 | 29.37 | 15.24 | 7.33 |
| 2016-06-30 | 28.83 | 15.06 | 7.38 |
| 2016-03-31 | 27.38 | 13.82 | 8.75 |
| 2015-12-31 | 28.97 | 14.72 | 7.38 |
| 2015-09-30 | 26.13 | 15.22 | 6.23 |
| 2015-06-30 | 27.46 | 13.85 | 4.80 |
| 2015-03-31 | 29.23 | 14.19 | 6.10 |
| 2014-12-31 | 30.56 | 1.13 | 10.17 |
| 2014-09-30 | 29.61 | 1.18 | 13.16 |
| 2014-06-30 | 30.99 | 1.22 | 13.61 |
| 2014-03-31 | 32.01 | 2.25 | 18.62 |
| 2013-12-31 | 33.16 | 2.29 | 13.74 |
| 2013-09-30 | 27.99 | 3.34 | 12.34 |
| 2013-06-30 | 27.62 | 3.42 | 11.08 |
| 2013-03-31 | 27.72 | 3.47 | 14.05 |
| 2012-12-31 | 28.33 | 3.48 | 10.38 |
| 2012-09-30 | 29.27 | 1.53 | 11.40 |
| 2012-06-30 | 29.64 | 4.96 | 16.36 |
- GK Software's level of debt (88.7%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (11.9% vs 88.7% today).
- Debt is not well covered by operating cash flow (6.2%, less than 20% of total debt).
- Unable to confirm if the interest payments on GK Software's debt are well covered by earnings due to lack of past financial data.
X
Full details on the Health part of the Simply Wall St company analysis model.
Financial health checks
We assess GK Software's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) GK Software has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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 GK Software'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
0%
Current annual income from
GK Software
dividends.
Estimated to be
0.62%
next year.
If you bought
€2,000 of
GK Software
shares you are expected to receive
€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 GK Software's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate GK Software'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
| 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 |
| Germany Software Industry Average Dividend Yield | Market Cap Weighted Average of 14 Stocks | 1.3% |
| Germany Market Average Dividend Yield | Market Cap Weighted Average of 326 Stocks | 3% |
| 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 | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in €) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | ||
| 2020-12-31 | 0.62 | 3.00 |
| 2019-12-31 | 0.31 | 3.00 |
| 2018-12-31 | 0.17 | 3.00 |
| Date (Data in €) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2013-11-26 | 0.000 | 0.000 |
| 2013-08-28 | 0.000 | 0.000 |
| 2013-04-26 | 0.000 | 0.000 |
| 2012-04-16 | 0.500 | 1.389 |
| 2011-04-13 | 0.500 | 1.253 |
| 2010-05-03 | 0.500 | 1.021 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as GK Software has not reported any payouts.
- Unable to verify if GK Software's dividend has been increasing as the company has not reported any payouts.
X
Full details on the Dividends part of the Simply Wall St company analysis model.
Income/ dividend checks
We assess GK Software's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can GK Software afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) GK Software has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
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
Rainer
Gläß
CEO Bio
Mr. Rainer Gläß is a Co-Founder of GK Software AG, and serves as its Chief Executive Officer and Chairman of the Management Board. Mr. Gläß is an engineering graduate.
CEO Compensation
- Insufficient data for Rainer to compare compensation growth.
- Insufficient data for Rainer to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure
Average tenure of the GK Software management team in years:
3.1
Average Tenure
- The tenure for the GK Software management team is about average.
Management Team
Rainer Gläß
TITLE
Co-Founder
Stephan Kronmüller
TITLE
Deputy Chairman of Management Board
André Hergert
TITLE
CFO, Head of Finance & Member of the Management Board
Michael Jaszczyk
TITLE
Member of Group Management Board & CEO GK Software USA
Stefan Krueger
TITLE
Senior VP of Sales & Member of Group Management Board
TENURE
5.4 yrs
Harald Göbel
TITLE
Senior VP of Customer Solutions & Services and Member of Group Management Board
AGE
58
TENURE
3.1 yrs
Dobromir Karamelski
TITLE
CTO & Member of Group Management Board
TENURE
1.3 yrs
René Schiller
TITLE
Director of Corporate Communications & Investor Relations
Board of Directors
Volkswirt Ludwing
TITLE
Chairman of Supervisory Board
Thomas Bleier
TITLE
Vice Chairman of Supervisory Board
Herbert Zinn
TITLE
Member of Supervisory Board
TENURE
8.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
X
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.
Management checks
We assess GK Software's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) GK Software 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.
Company Info
Description
GK Software SE develops and sells retail sector software worldwide. The company’s solutions comprise GK/Retail OmniPOS; GK/Retail Store Device Control that manages various store peripherals; GK/Retail Mobile Merchandise Management, which ensures end-to-end connection to the central SAP system; GK/Retail Self Checkout; GK/Retail Label and Poster Print, a solution for store-level label and poster printing; and GK/Retail Open Scale, a paradigm shift for various retail companies that uses scales at various locations. Its solutions also consist of GK/Retail Enterprise Storemanager, which manages the store network; GK/Retail Enterprise Cockpit that offers an overview of the retail organization; GK/Retail Sales Cockpit, a solution that enables management to make decisions at various place and time based on reliable data; and GK/Retail Enterprise Promotions Management, a solution for creating and managing company-wide promotions and special offers. In addition, the company’s solutions include GK/Retail Stored Value Server; GK/Retail Digital Content Management solutions for transmitting desired content to selected output devices across the retail organization; GK/Retail KPI Dashboard that supports various levels of management in retail companies; and GK/Retail TransAction+ solution for secure payment processing. Further, it offers the prudsys Realtime Decisioning Engine, which automates personalization and pricing processes across the value-added chain; GK/Retail Mobile POS that enables the implementation of new mobile retail concepts; and GK/Retail Lean Store Server that centralizes various back-office servers. The company serves food retail sector, drug stores and household goods, fashion and lifestyle, DIY and furniture, technology, and cars markets. The company was founded in 1990 and is headquartered in Schöneck, Germany. GK Software SE is a subsidiary of GK Software Holding GmbH.
Details
| Name: | GK Software SE |
| GKS | |
| Exchange: | XTRA |
| Founded: | 1990 |
| €143,616,000 | |
| 1,920,000 | |
| Website: | http://www.gk-software.com |
| Address: |
GK Software SE Waldstrasse 7, Schöneck, Saxony, 08261, Germany |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| DB | GKS | Bearer Shares | Deutsche Boerse AG | DE | EUR | 19. Jun 2008 | |
| XTRA | GKS | Bearer Shares | XETRA Trading Platform | DE | EUR | 19. Jun 2008 | |
| LSE | 0NAU | Bearer Shares | London Stock Exchange | GB | EUR | 19. Jun 2008 | |
| BATS-CHIXE | GKSd | Bearer Shares | BATS 'Chi-X Europe' | GB | EUR | 19. Jun 2008 |
Number of employees
Current staff
1,139
GK Software
employees.
Industry
| Application Software | |
| Software |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/25 21:29 |
| End of day share price update: | 2019/04/25 00:00 |
| Last estimates confirmation: | 2019/02/28 |
| Last earnings filing: | 2018/11/26 |
| Last earnings reported: | 2018/09/30 |
| Last annual earnings reported: | 2017/12/31 |
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.
