Gofore Oyj
Market Cap
€107.1m
Last Updated
2019/10/23 21:40 UTC
Data Sources
Company Financials +
Executive Summary
Gofore Oyj provides digitalization services for corporate customers and public sector operators in Finland and rest of Europe.
Snowflake
Fundamentals
Excellent balance sheet and fair value.
Share Price & News
How has Gofore Oyj's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
1.3%
GOFORE
1.6%
FI IT
1.6%
FI Market
1 Year Return
-21.2%
GOFORE
4.1%
FI IT
9.2%
FI Market
Return vs Industry: GOFORE underperformed the Finnish IT industry which returned 4.1% over the past year.
Return vs Market: GOFORE underperformed the Finnish Market which returned 9.2% over the past year.
Shareholder returns
| GOFORE | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.3% | 1.6% | 1.6% |
| 30 Day | -8.0% | 4.2% | 1.5% |
| 90 Day | -10.1% | 6.5% | 1.8% |
| 1 Year | -19.1%-21.2% | 9.1%4.1% | 14.4%9.2% |
| 3 Year | n/a | 16.5%0.7% | 29.9%14.4% |
| 5 Year | n/a | 149.2%122.4% | 61.2%30.2% |
Price Volatility Vs. Market
How volatile is Gofore Oyj's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
Is Gofore Oyj’s (HEL:GOFORE) 19% ROCE Any Good?2 weeks ago | Simply Wall St
Three Things You Should Check Before Buying Gofore Oyj (HEL:GOFORE) For Its Dividend1 month ago | Simply Wall St
Did Changing Sentiment Drive Gofore Oyj's (HEL:GOFORE) Share Price Down By 15%?Valuation
Is Gofore Oyj undervalued compared to its fair value and its price relative to the market?
4.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GOFORE (€7.64) is trading below our estimate of fair value (€8)
Significantly Below Fair Value: GOFORE is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: GOFORE is poor value based on its PE Ratio (20.1x) compared to the IT industry average (18.3x).
PE vs Market: GOFORE is good value based on its PE Ratio (20.1x) compared to the Finnish market (20.2x).
Price to Earnings Growth Ratio
PEG Ratio: GOFORE is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: GOFORE is good value based on its PB Ratio (3.6x) compared to the FI IT industry average (4x).
Next Steps
Future Growth
How is Gofore Oyj forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
18.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GOFORE's forecast earnings growth (18.8% per year) is above the savings rate (0.5%).
Earnings vs Market: GOFORE's earnings (18.8% per year) are forecast to grow faster than the Finnish market (13.5% per year).
High Growth Earnings: GOFORE's earnings are forecast to grow, but not significantly.
Revenue vs Market: GOFORE's revenue (9.2% per year) is forecast to grow faster than the Finnish market (2% per year).
High Growth Revenue: GOFORE's revenue (9.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GOFORE's Return on Equity is forecast to be low in 3 years time (19.3%).
Next Steps
Past Performance
How has Gofore Oyj performed over the past 5 years?
28.5%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: GOFORE's earnings have grown significantly by 28.5% per year over the past 5 years.
Accelerating Growth: GOFORE's earnings growth over the past year (24.8%) is below its 5-year average (28.5% per year).
Earnings vs Industry: GOFORE earnings growth over the past year (24.8%) exceeded the IT industry 13.2%.
Return on Equity
High ROE: GOFORE's Return on Equity (17%) is considered low.
Return on Assets
ROA vs Industry: GOFORE has a higher Return on Assets than the IT industry average last year.
Return on Capital Employed
ROCE Improving: GOFORE's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Gofore Oyj's financial position?
Financial Position Analysis
Short Term Liabilities: GOFORE's short term assets (€30.2M) exceeds its short term liabilities (€15.0M)
Long Term Liabilities: GOFORE's short term assets (30.2M) exceeds its long term liabilities (5.2M)
Debt to Equity History and Analysis
Debt Level: GOFORE's debt to equity ratio (22%) is considered satisfactory
Reducing Debt: Insufficient data to determine if GOFORE's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: GOFORE's debt is well covered by operating cash flow (168.8%).
Interest Coverage: GOFORE's interest payments on its debt are well covered by EBIT (94.2x coverage).
Balance Sheet
Inventory Level: GOFORE has a low level of unsold assets or inventory.
Debt Coverage by Assets: GOFORE's debt is covered by short term assets (assets are 4.6x debt).
Next Steps
Dividend
What is Gofore Oyj's current dividend yield, its reliability and sustainability?
2.49%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: GOFORE's dividend (2.49%) is higher than the bottom 25% of dividend payers in the Finnish market (2.34%).
High Dividend: GOFORE's dividend (2.49%) is low compared to the top 25% of dividend payers in the Finnish market (5.03%).
Stable Dividend: Whilst dividend payments have been stable, GOFORE has been paying a dividend for less than 10 years.
Growing Dividend: GOFORE's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (50.1%), GOFORE's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GOFORE's dividends in 3 years are forecast to be well covered by earnings (40.3% payout ratio).
Next Steps
Management
What is the CEO of Gofore Oyj's salary, the management and board of directors tenure and is there insider trading?
0.8yrs
Average management tenure
CEO
Timur Kärki (48yo)
9.8yrs
Tenure
Mr. Timur Kärki, M.SC. (TECH.) has been the Chief Executive Officer of Gofore Oyj since 2010. Mr. Kärki was Director of VMP Oyj since March 29, 2019 until 2019. Previously, Mr. Kärki served as Projects Dir ...
Management Age and Tenure
0.8yrs
Average Tenure
45yo
Average Age
Experienced Management: GOFORE's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Board Age and Tenure
1.6yrs
Average Tenure
46yo
Average Age
Experienced Board: GOFORE's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Vijay Selvaraj
Global Head of Design Services
- Tenure: 0yrs
Timur Kärki (48yo)
Chairman of Management Board & CEO
- Tenure: 9.8yrs
Petteri Venola (46yo)
Chief Financial Officer
- Tenure: 7.8yrs
Juha Virtanen (42yo)
Sales Director
- Tenure: 3.8yrs
Mikael Nylund (44yo)
Director of M&A and Deputy CEO
- Tenure: 0yrs
Kristiina Härkönen (44yo)
Chief Sustainability Officer
- Tenure: 0.2yrs
Riikka Nurminen (43yo)
Marketing & Communications Director (Leave of Absence)
- Tenure: 0.8yrs
Terhi Vesanen (59yo)
Chief Growth Officer
- Tenure: 0.2yrs
Petra Sievinen (50yo)
Director of Marketing & Communications
- Tenure: 0.2yrs
Board Members
Ali Saadetdin (70yo)
Chairman of the Board
- Tenure: 13.8yrs
Sami Somero (44yo)
Director
- Tenure: 5.8yrs
Mika Varjus (43yo)
Director
- Tenure: 1.6yrs
Kristiina Michelsson (46yo)
Director
- Tenure: 1.6yrs
Stefan Baggström (46yo)
Director
- Tenure: 0.8yrs
Company Information
Gofore Oyj's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Gofore Oyj
- Ticker: GOFORE
- Exchange: HLSE
- Founded: 2002
- Industry: IT Consulting and Other Services
- Sector: Software
- Market Cap: €107.058m
- Shares outstanding: 14.01m
- Website: https://www.gofore.com
Number of Employees
Location
- Gofore Oyj
- Kalevantie 2
- Tampere
- Pirkanmaa
- 33100
- Finland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GOFORE | HLSE (OMX Nordic Exchange Helsinki) | Yes | Share Capital | FI | EUR | Nov 2017 |
| 0CXS | LSE (London Stock Exchange) | Yes | Share Capital | GB | EUR | Nov 2017 |
Biography
Gofore Oyj provides digitalization services for corporate customers and public sector operators in Finland and rest of Europe. The company provides management consultation (lead), service design (design), ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/23 21:40 |
| End of Day Share Price | 2019/10/23 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.