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CGI Group

DB:CJ5A
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CJ5A
DB
CA$23B
Market Cap
  1. Home
  2. DE
  3. Software
Company description

CGI Group Inc., together with its subsidiaries, provides information technology (IT) and business process services in Canada, Northern Europe, France, the United States, the United Kingdom, Europe, and the Asia Pacific. The last earnings update was 1 day ago. More info.


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CJ5A Share Price and Events
7 Day Returns
0.2%
DB:CJ5A
-6.5%
DE IT
1%
DE Market
1 Year Returns
24.4%
DB:CJ5A
21.8%
DE IT
-16.4%
DE Market
CJ5A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CGI Group (CJ5A) 0.2% 9.2% 4.1% 24.4% 41.5% 157.3%
DE IT -6.5% 9.3% -9.6% 21.8% 142.1% 258.2%
DE Market 1% 5.7% -2.6% -16.4% 11% 10.2%
1 Year Return vs Industry and Market
  • CJ5A outperformed the IT industry which returned 21.8% over the past year.
  • CJ5A outperformed the Market in Germany which returned -16.4% over the past year.
Price Volatility
CJ5A
Industry
5yr Volatility vs Market
Related Companies

Value

 Is CGI Group 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 CGI Group 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 CGI Group.

DB:CJ5A Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 17 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8%
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 DB:CJ5A
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 9.8%
IT Unlevered Beta Simply Wall St/ S&P Global 0.7
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.696 (1 + (1- 26.5%) (9.3%))
0.744
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 9.77%)
8.05%

Discounted Cash Flow Calculation for DB:CJ5A using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for CGI Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:CJ5A DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (CAD, Millions) 1,388.37 1,491.94 1,525.97 1,560.79 1,596.39
Source Analyst x7 Analyst x8 Est @ 2.28% Est @ 2.28% Est @ 2.28%
Present Value
Discounted (@ 8.05%)
1,284.99 1,278.02 1,209.83 1,145.29 1,084.19
Present value of next 5 years cash flows CA$6,002.32
DB:CJ5A DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= CA$1,596.39 × (1 + 0.23%) ÷ (8.05% – 0.23%)
CA$20,467.07
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= CA$20,467.07 ÷ (1 + 8.05%)5
CA$13,900.18
DB:CJ5A Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= CA$6,002.32 + CA$13,900.18
CA$19,902.49
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$19,902.49 / 273.47
CA$47.51
DB:CJ5A Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:CJ5A represents 0.65281x of TSX:GIB.A
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.65281x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 72.78 x 0.65281
€47.51
Value per share (EUR) From above. €47.51
Current discount Discount to share price of €56.71
= -1 x (€56.71 - €47.51) / €47.51
-19.4%

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

  • The current share price of CGI Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 CGI Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CGI Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:CJ5A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$4.15
TSX:GIB.A Share Price ** TSX (2019-01-30) in CAD CA$86.87
Germany IT Industry PE Ratio Median Figure of 21 Publicly-Listed IT Companies 26.9x
Germany Market PE Ratio Median Figure of 419 Publicly-Listed Companies 17.97x

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

** Primary Listing of CGI Group.

DB:CJ5A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:GIB.A Share Price ÷ EPS (both in CAD)

= 86.87 ÷ 4.15

20.93x

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

  • CGI Group is good value based on earnings compared to the DE IT industry average.
  • CGI Group is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does CGI Group's expected growth come at a high price?
Raw Data
DB:CJ5A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.93x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts
6.6%per year
Germany IT Industry PEG Ratio Median Figure of 15 Publicly-Listed IT Companies 1.48x
Germany Market PEG Ratio Median Figure of 276 Publicly-Listed Companies 1.43x

*Line of best fit is calculated by linear regression .

DB:CJ5A PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.93x ÷ 6.6%

3.17x

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

  • CGI Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on CGI Group's assets?
Raw Data
DB:CJ5A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$24.93
TSX:GIB.A Share Price * TSX (2019-01-30) in CAD CA$86.87
Germany IT Industry PB Ratio Median Figure of 26 Publicly-Listed IT Companies 3.52x
Germany Market PB Ratio Median Figure of 568 Publicly-Listed Companies 1.79x
DB:CJ5A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:GIB.A Share Price ÷ Book Value per Share (both in CAD)

= 86.87 ÷ 24.93

3.49x

* Primary Listing of CGI Group.

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

  • CGI Group is good value based on assets compared to the DE IT industry average.
X
Value checks
We assess CGI Group'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. CGI Group has a total score of 2/6, 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 CGI Group expected to perform in the next 1 to 3 years based on estimates from 17 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
6.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CGI Group expected to grow at an attractive rate?
  • CGI Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • CGI Group's earnings growth is positive but not above the Germany market average.
  • CGI Group's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:CJ5A Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:CJ5A Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts 6.6%
DB:CJ5A Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts 3%
Germany IT Industry Earnings Growth Rate Market Cap Weighted Average 25.1%
Germany IT Industry Revenue Growth Rate Market Cap Weighted Average 17.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 9.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*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
DB:CJ5A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:CJ5A Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-09-30 12,638 1,441 4
2020-09-30 12,386 1,788 1,379 17
2019-09-30 11,976 1,695 1,296 15
DB:CJ5A Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 11,654 1,475 1,168
2018-09-30 11,507 1,493 1,141
2018-06-30 11,316 1,505 1,056
2018-03-31 11,212 1,478 1,045
2017-12-31 10,986 1,419 1,045
2017-09-30 10,845 1,359 1,035
2017-06-30 10,819 1,408 1,101
2017-03-31 10,650 1,469 1,098
2016-12-31 10,675 1,355 1,107
2016-09-30 10,683 1,333 1,069
2016-06-30 10,686 1,383 1,027
2016-03-31 10,578 1,245 1,011

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CGI Group's earnings are expected to grow by 6.6% yearly, however this is not considered high growth (20% yearly).
  • CGI Group's revenue is expected to grow by 3% 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
DB:CJ5A Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below

All data from CGI Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CJ5A Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-09-30 5.42 5.61 5.23 2.00
2020-09-30 4.96 5.10 4.81 5.00
2019-09-30 4.59 4.71 4.48 5.00
DB:CJ5A Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 4.15
2018-09-30 4.02
2018-06-30 3.68
2018-03-31 3.60
2017-12-31 3.56
2017-09-30 3.48
2017-06-30 3.67
2017-03-31 3.64
2016-12-31 3.64
2016-09-30 3.51
2016-06-30 3.35
2016-03-31 3.27

*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.
  • CGI Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess CGI Group'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.
CGI Group has a total score of 1/6, 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 CGI Group 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 CGI Group'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.
  • CGI Group's year on year earnings growth rate has been positive over the past 5 years.
  • CGI Group's 1-year earnings growth exceeds its 5-year average (11.8% vs 8%)
  • CGI Group's earnings growth has not exceeded the DE IT industry average in the past year (11.8% vs 13.1%).
Earnings and Revenue History
CGI Group'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 CGI Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CJ5A Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 11,653.88 1,167.61 1,369.42
2018-09-30 11,506.83 1,141.40 1,369.42
2018-06-30 11,315.96 1,056.38 1,273.94
2018-03-31 11,212.07 1,044.74 1,273.94
2017-12-31 10,986.24 1,044.81 1,273.94
2017-09-30 10,845.07 1,035.20 1,273.94
2017-06-30 10,819.40 1,101.17 1,243.14
2017-03-31 10,649.69 1,098.36 1,243.14
2016-12-31 10,675.31 1,106.65 1,243.14
2016-09-30 10,683.26 1,068.72 1,243.14
2016-06-30 10,686.11 1,027.17 1,220.99
2016-03-31 10,578.36 1,010.57 1,220.99
2015-12-31 10,429.52 979.01 1,220.99
2015-09-30 10,287.10 977.56 1,220.99
2015-06-30 10,185.49 958.38 1,260.96
2015-03-31 10,293.18 926.23 1,260.96
2014-12-31 10,396.24 905.91 1,260.96
2014-09-30 10,499.69 859.44 1,260.96
2014-06-30 10,474.23 786.76 1,311.32
2014-03-31 10,374.45 739.83 1,311.32
2013-12-31 10,196.41 623.17 1,311.32
2013-09-30 10,084.62 455.82 1,311.32
2013-06-30 9,236.08 146.83 592.37
2013-03-31 7,733.68 55.89 592.37
2012-12-31 6,273.24 47.43 592.37
2012-09-30 4,772.45 131.53 592.37
2012-06-30 4,168.46 369.03 494.29
2012-03-31 4,116.44 405.01 494.29

*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.
  • CGI Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • CGI Group used its assets more efficiently than the DE IT industry average last year based on Return on Assets.
  • CGI Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess CGI Group'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.
CGI Group has a total score of 4/6, 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 CGI Group'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 CGI Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CGI Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • CGI Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CGI Group'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.
  • Debt is covered by short term assets, assets are 1.7x 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 CGI Group Company Filings, last reported 1 month ago.

DB:CJ5A Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 6,931.98 2,186.31 406.13
2018-09-30 6,684.81 1,873.92 184.09
2018-06-30 6,729.49 1,901.10 171.10
2018-03-31 6,860.03 1,853.33 287.55
2017-12-31 6,553.08 1,907.16 238.94
2017-09-30 6,202.63 1,940.70 165.87
2017-06-30 6,641.95 1,786.51 302.94
2017-03-31 6,407.93 1,811.71 282.04
2016-12-31 6,358.20 1,839.29 313.91
2016-09-30 6,464.61 1,957.10 596.53
2016-06-30 6,102.27 1,956.80 283.68
2016-03-31 5,985.16 2,119.84 168.92
2015-12-31 6,438.63 2,177.89 552.35
2015-09-30 6,082.17 2,128.17 305.26
2015-06-30 5,790.80 2,100.97 264.70
2015-03-31 5,518.45 2,133.79 223.51
2014-12-31 5,217.07 2,454.30 489.58
2014-09-30 4,988.73 2,690.56 535.72
2014-06-30 4,787.80 2,560.38 131.32
2014-03-31 4,688.55 2,859.19 133.75
2013-12-31 4,298.93 3,146.40 206.51
2013-09-30 4,055.70 2,880.54 106.20
2013-06-30 3,939.88 3,057.93 165.31
2013-03-31 3,682.83 3,105.33 167.71
2012-12-31 3,494.21 3,141.30 161.58
2012-09-30 3,422.90 3,252.61 127.56
2012-06-30 2,538.02 728.75 82.29
2012-03-31 2,437.88 881.27 70.21
  • CGI Group's level of debt (31.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (73% vs 31.5% today).
  • Debt is well covered by operating cash flow (67.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 30.1x coverage).
X
Financial health checks
We assess CGI Group'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. CGI Group 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 CGI Group'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 CGI Group dividends. Estimated to be 0% next year.
If you bought €2,000 of CGI Group 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 CGI Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate CGI Group'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
DB:CJ5A 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 17 Analyst Estimates (S&P Global) See Below
Germany IT Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 0.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 330 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:CJ5A Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-09-30 0.00 2.00
2020-09-30 0.00 3.00
2019-09-30 0.00 3.00

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

  • Unable to perform a dividend volatility check as CGI Group has not reported any payouts.
  • Unable to verify if CGI Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of CGI Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as CGI Group has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of CGI Group's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess CGI Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 CGI Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CGI Group 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

 What is the CEO of CGI Group'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
George Schindler
COMPENSATION CA$8,568,137
AGE 55
TENURE AS CEO 2.3 years
CEO Bio

Mr. George D. Schindler has been the Chief Executive Officer, President and Director at CGI Group Inc. since October 1, 2016. Mr. Schindler served as the Chief Operating Officer at CGI Group Inc. since May 2014 until October 1, 2016 and served as its President of CGI United States. Mr. Schindler served as the President of United States and Canada at CGI Group Inc., since January 30, 2013 and served as its President U.S. Operations since October 2011. As a member of CGI’s Management Committee, he also participated in the development and execution of CGI’s global strategy. He served as the President of Stanley, Inc., since August 2010. He served as the President of CGI Federal Inc. from 2006 to October 1, 2011, where he led CGI’s business with the Civilian, Defense and Intelligence Sectors of the U.S. government. Under his leadership, CGI Federal was named the 2010 Greater Washington U.S. Government Contractor of the Year (greater than $300 million) by the Fairfax County Chamber of Commerce, PSC and Washington Technology. CGI was also named one of the “9 Hot Companies to Watch” by Federal Computer Week. Prior to leading CGI Federal, Mr. Schindler was the U.S. Lead of the Banking and Investments Industry Group. As a Senior Vice-President, he also had responsibility for managing CGI’s operations in the Greater New York Region. Before joining CGI, he served as a Vice President at American Management Systems, Inc., (AMS) where he held various management and consulting positions in both the government and commercial sector business groups. He served as a Director at Stanley, Inc., since August 2010. He is a Vice-Chair of the Public Sector Division of the TechAmerica Board (The Technology Association of America) as well as the Boards of Directors for the Professional Services Council (PSC), the Northern Virginia Technology Council and The Catalogue for Philanthropy—Greater Washington. He was appointed as a Trustee for the Committee for Economic Development. He has been recognized by industry as a market leader, including being named one of Federal Computer Week’s top 100 federal leaders and one of ExecutiveBiz’s “Top 20 People to Watch.” Mr. Schindler holds a Bachelors of Science Degree in Computer Science from Purdue University.

CEO Compensation
  • George's compensation has been consistent with company performance over the past year.
  • George's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the CGI Group management team in years:

4.1
Average Tenure
61.5
Average Age
  • The tenure for the CGI Group management team is about average.
Management Team

Serge Godin

TITLE
Founder & Executive Chairman of the Board
COMPENSATION
CA$14M
AGE
69
TENURE
43 yrs

George Schindler

TITLE
President
COMPENSATION
CA$9M
AGE
55
TENURE
2.3 yrs

Julie Godin

TITLE
Vice-Chair of the Board
AGE
43
TENURE
2.3 yrs

André Imbeau

TITLE
Co-Founder & Director
AGE
68
TENURE
43 yrs

François Boulanger

TITLE
Executive VP & CFO
COMPENSATION
CA$3M
TENURE
4.3 yrs

Dave Henderson

TITLE
President of United States Operations
COMPENSATION
CA$2M
TENURE
1.1 yrs

Jean-Michel Baticle

TITLE
President of Western & Southern Europe Operations
COMPENSATION
CA$2M

Stuart Forman

TITLE
Senior VP & Global Chief Information Officer

Lorne Gorber

TITLE
Executive Vice-President of Investor & Public Relations
TENURE
4 yrs

Benoit Dubé

TITLE
Executive VP
TENURE
8.5 yrs
Board of Directors Tenure

Average tenure and age of the CGI Group board of directors in years:

10.3
Average Tenure
67
Average Age
  • The average tenure for the CGI Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Serge Godin

TITLE
Founder & Executive Chairman of the Board
COMPENSATION
CA$14M
AGE
69
TENURE
13 yrs

George Schindler

TITLE
President
COMPENSATION
CA$9M
AGE
55
TENURE
2.3 yrs

Julie Godin

TITLE
Vice-Chair of the Board
AGE
43
TENURE
2.4 yrs

André Imbeau

TITLE
Co-Founder & Director
AGE
68
TENURE
43 yrs

Paule Doré

TITLE
Independent Director
COMPENSATION
CA$235K
AGE
67
TENURE
24 yrs

Gilles Labbé

TITLE
Independent Director
COMPENSATION
CA$235K
AGE
62
TENURE
9 yrs

Alain Bouchard

TITLE
Independent Director
COMPENSATION
CA$235K
AGE
69
TENURE
5.7 yrs

Michael Roach

TITLE
Director
COMPENSATION
CA$215K
AGE
66
TENURE
12.5 yrs

Bernard André Bourigeaud

TITLE
Independent Director
COMPENSATION
CA$282K
AGE
74
TENURE
10.3 yrs
Who owns this company?
Recent Insider Trading
  • CGI Group insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
17. Jan 19 Sell Serge Godin Individual 26. Feb 18 26. Feb 18 -3,230,450 €45.85 €-148,131,548
23. Nov 18 Sell Gilles Labbé Individual 21. Nov 18 21. Nov 18 -5,000 €54.82 €-274,098
21. Nov 18 Sell Gilles Labbé Individual 16. Nov 18 16. Nov 18 -5,000 €55.31 €-276,533
19. Nov 18 Sell Fondation Jeunesse-Vie Company 16. Nov 18 16. Nov 18 -100,000 €54.72 €-5,471,927
07. Sep 18 Sell Kevin Linder Individual 07. Sep 18 07. Sep 18 -565 €55.80 €-31,526
23. May 18 Sell 9102-7003 Québec Inc. Company 18. May 18 18. May 18 -48,300 €50.81 €-2,454,329
23. May 18 Sell André Imbeau Individual 18. May 18 18. May 18 -29,000 €50.98 €-1,478,306
22. May 18 Sell 9102-7003 Québec Inc. Company 16. May 18 16. May 18 -154,500 €50.99 €-7,877,625
18. May 18 Sell 9102-7003 Québec Inc. Company 14. May 18 15. May 18 -307,388 €50.88 €-15,534,302
18. May 18 Buy Timothy Hearn Individual 16. May 18 16. May 18 2,000 €50.98 €101,967
17. May 18 Sell 9102-7003 Québec Inc. Company 11. May 18 11. May 18 -288,400 €50.66 €-14,609,700
15. May 18 Sell André Imbeau Individual 10. May 18 10. May 18 -187,231 €51.06 €-9,558,385
14. May 18 Sell Mark Boyajian Individual 09. May 18 09. May 18 -2,216 €50.71 €-112,373
14. May 18 Sell André Imbeau Individual 09. May 18 09. May 18 -100,000 €50.92 €-5,091,701
11. May 18 Buy Michael Pedersen Individual 09. May 18 09. May 18 13,000 €50.73 €659,427
X
Management checks
We assess CGI Group'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. CGI Group 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

Company Info

Map
Description

CGI Group Inc., together with its subsidiaries, provides information technology (IT) and business process services in Canada, Northern Europe, France, the United States, the United Kingdom, Europe, and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities. CGI Group Inc. also offers application development, management, testing, portfolio management, and modernization services; business consulting, including agile, business transformation, change management, CIO advisory, cybersecurity, data analytics, digital enterprise, project management, and industry-specific services; and a suite of business process services designed to address the needs of specific industries, as well as IT infrastructure consulting, solutions, and services. The company serves clients operating in government, financial services, health, utility, communication, oil and gas, manufacturing, retail and consumer service, transportation, and post and logistics sectors. CGI Group Inc. was founded in 1976 and is headquartered in Montreal, Canada.

Details
Name: CGI Group Inc.
CJ5A
Exchange: DB
Founded: 1976
CA$15,603,399,344
273,470,791
Website: http://www.cgi.com
Address: CGI Group Inc.
1350 René-Lévesque Boulevard West,
15th Floor,
Montreal,
Quebec, H3G 1T4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX GIB.A Class A Shares The Toronto Stock Exchange CA CAD 31. Aug 1988
NYSE GIB Class A Shares New York Stock Exchange US USD 31. Aug 1988
DB CJ5A Class A Shares Deutsche Boerse AG DE EUR 31. Aug 1988
Number of employees
Current staff
Staff numbers
74,000
CGI Group employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/01/31 22:41
End of day share price update: 2019/01/30 00:00
Last estimates confirmation: 2019/01/31
Last earnings filing: 2019/01/30
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/09/30


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.