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Gofore Oyj

HLSE:GOFORE
Snowflake Description

Excellent balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GOFORE
HLSE
€114M
Market Cap
  1. Home
  2. FI
  3. Software
Company description

Gofore Oyj provides digitalization services for corporate customers and public sector operators in Finland and rest of Europe. The last earnings update was 2 days ago. More info.


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GOFORE Share Price and Events
7 Day Returns
-1.7%
HLSE:GOFORE
-1.7%
FI IT
0.1%
FI Market
1 Year Returns
-1.1%
HLSE:GOFORE
-13.6%
FI IT
-1.6%
FI Market
GOFORE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gofore Oyj (GOFORE) -1.7% -1.9% -1.3% -1.1% - -
FI IT -1.7% 0.9% -1.2% -13.6% 1.8% 84%
FI Market 0.1% 2.3% 8.1% -1.6% 27.3% 30.1%
1 Year Return vs Industry and Market
  • GOFORE outperformed the IT industry which returned -13.6% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Gofore Oyj 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 Gofore Oyj 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    Our calculation method for this is changing soon.

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

HLSE:GOFORE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year FI Government Bond Rate 0.5%

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 HLSE:GOFORE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FI Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 9.5%
IT Unlevered Beta Simply Wall St/ S&P Global 0.46
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.464 (1 + (1- 20%) (3.24%))
0.476
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)
= 0.54% + (0.8 * 9.46%)
8.11%

Discounted Cash Flow Calculation for HLSE:GOFORE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Gofore Oyj 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.

HLSE:GOFORE DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (EUR, Millions) -4.00 8.60 9.90 10.55 10.70
Source Analyst x1 Analyst x2 Analyst x2 Analyst x2 Analyst x2
Present Value
Discounted (@ 8.11%)
-3.70 7.36 7.84 7.72 7.25
Present value of next 5 years cash flows €26.46
HLSE:GOFORE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= €10.70 × (1 + 0.54%) ÷ (8.11% – 0.54%)
€142.15
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= €142.15 ÷ (1 + 8.11%)5
€96.26
HLSE:GOFORE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= €26.46 + €96.26
€122.72
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €122.72 / 13.97
€8.79
HLSE:GOFORE Discount to Share Price
Calculation Result
Value per share (EUR) From above. €8.79
Current discount Discount to share price of €8.14
= -1 x (€8.14 - €8.79) / €8.79
7.3%

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

Current Discount
Amount off the current price Gofore Oyj is available for.
Intrinsic value
7%
Share price is €8.14 vs Future cash flow value of €8.79
Current Discount Checks
For Gofore Oyj to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Gofore Oyj's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Gofore Oyj'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 Gofore Oyj's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gofore Oyj's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
HLSE:GOFORE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.36
HLSE:GOFORE Share Price ** HLSE (2019-02-21) in EUR €8.14
Europe IT Industry PE Ratio Median Figure of 149 Publicly-Listed IT Companies 19.21x
Finland Market PE Ratio Median Figure of 107 Publicly-Listed Companies 17.88x

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

** Primary Listing of Gofore Oyj.

HLSE:GOFORE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= HLSE:GOFORE Share Price ÷ EPS (both in EUR)

= 8.14 ÷ 0.36

22.56x

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

  • Gofore Oyj is overvalued based on earnings compared to the Europe IT industry average.
  • Gofore Oyj is overvalued based on earnings compared to the Finland market.
Price based on expected Growth
Does Gofore Oyj's expected growth come at a high price?
Raw Data
HLSE:GOFORE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.56x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
16.8%per year
Europe IT Industry PEG Ratio Median Figure of 82 Publicly-Listed IT Companies 1.38x
Finland Market PEG Ratio Median Figure of 88 Publicly-Listed Companies 1.7x

*Line of best fit is calculated by linear regression .

HLSE:GOFORE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.56x ÷ 16.8%

1.34x

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

  • Gofore Oyj is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Gofore Oyj's assets?
Raw Data
HLSE:GOFORE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €1.68
HLSE:GOFORE Share Price * HLSE (2019-02-21) in EUR €8.14
Finland IT Industry PB Ratio Median Figure of 6 Publicly-Listed IT Companies 3.68x
Finland Market PB Ratio Median Figure of 141 Publicly-Listed Companies 1.96x
HLSE:GOFORE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= HLSE:GOFORE Share Price ÷ Book Value per Share (both in EUR)

= 8.14 ÷ 1.68

4.85x

* Primary Listing of Gofore Oyj.

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

  • Gofore Oyj is overvalued based on assets compared to the FI IT industry average.
X
Value checks
We assess Gofore Oyj'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. Gofore Oyj has a total score of 0/6, see the detailed checks below.

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

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

Future Performance

 How is Gofore Oyj expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
16.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gofore Oyj expected to grow at an attractive rate?
  • Gofore Oyj's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Gofore Oyj's earnings growth is expected to exceed the Finland market average.
  • Gofore Oyj's revenue growth is expected to exceed the Finland market average.
Annual Growth Rates Comparison
Raw Data
HLSE:GOFORE Future Growth Rates Data Sources
Data Point Source Value (per year)
HLSE:GOFORE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 16.8%
HLSE:GOFORE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 13.3%
Europe IT Industry Earnings Growth Rate Market Cap Weighted Average 18.1%
Europe IT Industry Revenue Growth Rate Market Cap Weighted Average 11.1%
Finland Market Earnings Growth Rate Market Cap Weighted Average 15.6%
Finland Market Revenue Growth Rate Market Cap Weighted Average 0.5%

*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
HLSE:GOFORE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
HLSE:GOFORE Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 106 11 1
2022-12-31 101 11 1
2021-12-31 94 10 8 1
2020-12-31 85 9 7 1
2019-12-31 73 7 6 1
HLSE:GOFORE Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 51 8 5
2018-09-30 49 4 4
2018-06-30 44 -1 4
2018-03-31 39 -0 4
2017-12-31 34 1 3
2017-09-30 28 3 4
2016-12-31 19 2 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Gofore Oyj's earnings are expected to grow by 16.8% yearly, however this is not considered high growth (20% yearly).
  • Gofore Oyj's revenue is expected to grow by 13.3% 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
HLSE:GOFORE 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 1 Analyst Estimates (S&P Global) See Below

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

HLSE:GOFORE 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 0.59 0.59 0.59 1.00
2020-12-31 0.51 0.51 0.51 1.00
2019-12-31 0.41 0.41 0.41 1.00
HLSE:GOFORE Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.36
2018-09-30 0.32
2018-06-30 0.31
2018-03-31 0.30
2017-12-31 0.28
2017-09-30 31.00
2016-12-31 19.87

*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.
  • Gofore Oyj is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Gofore Oyj'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Gofore Oyj has a total score of 4/6, 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 Gofore Oyj 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 Gofore Oyj'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.
  • Gofore Oyj has delivered over 20% year on year earnings growth in the past 5 years.
  • Gofore Oyj's 1-year earnings growth exceeds its 5-year average (42.6% vs 30.8%)
  • Gofore Oyj's earnings growth has exceeded the Europe IT industry average in the past year (42.6% vs 14.7%).
Earnings and Revenue History
Gofore Oyj'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 Gofore Oyj Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:GOFORE Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 50.58 4.73
2018-09-30 48.86 4.15 1.40
2018-06-30 44.27 4.06 1.40
2018-03-31 39.11 3.69 1.40
2017-12-31 33.95 3.32 1.40
2017-09-30 28.43 3.53 0.75
2016-12-31 18.62 2.11 0.75
2015-12-31 12.42 1.23 0.56
2014-12-31 9.18 1.09

*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.
  • Gofore Oyj has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Gofore Oyj used its assets more efficiently than the Europe IT industry average last year based on Return on Assets.
  • Gofore Oyj's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Gofore Oyj'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.
Gofore Oyj has a total score of 5/6, 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 Gofore Oyj'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 Gofore Oyj's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gofore Oyj is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Gofore Oyj's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Gofore Oyj'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 6.9x 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 Gofore Oyj Company Filings, last reported 1 month ago.

HLSE:GOFORE Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 22.01 3.68 15.42
2018-09-30 22.01 3.68 15.42
2018-06-30 18.63 4.22 9.96
2018-03-31 18.63 4.22 9.96
2017-12-31 17.81 4.79 12.66
2017-09-30 7.40 5.31 3.28
2016-12-31 4.12 0.06 3.60
2015-12-31 2.54 0.14 2.72
2014-12-31 1.74 0.22 1.91
  • Gofore Oyj's level of debt (16.7%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Gofore Oyj's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (212.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 554x coverage).
X
Financial health checks
We assess Gofore Oyj'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. Gofore Oyj has a total score of 5/6, 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 Gofore Oyj'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
2.33%
Current annual income from Gofore Oyj dividends. Estimated to be 3.26% next year.
If you bought €2,000 of Gofore Oyj shares you are expected to receive €47 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?
  • Gofore Oyj's pays a lower dividend yield than the bottom 25% of dividend payers in Finland (2.6%).
  • Gofore Oyj's dividend is below the markets top 25% of dividend payers in Finland (5.11%).
Upcoming dividend payment

Purchase Gofore Oyj on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
HLSE:GOFORE 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 1 Analyst Estimates (S&P Global) See Below
Europe IT Industry Average Dividend Yield Market Cap Weighted Average of 100 Stocks 1.8%
Finland Market Average Dividend Yield Market Cap Weighted Average of 100 Stocks 4.3%
Finland Minimum Threshold Dividend Yield 10th Percentile 1.7%
Finland Bottom 25% Dividend Yield 25th Percentile 2.6%
Finland Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

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

HLSE:GOFORE Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.29 1.00
2020-12-31 0.28 2.00
2019-12-31 0.22 1.00
HLSE:GOFORE Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-19 0.190 2.349
2018-03-27 0.150 1.698
2017-11-16 5.000 65.496

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

  • It is too early to tell whether Gofore Oyj has stable dividend payments.
  • Gofore Oyj only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Gofore Oyj's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2x coverage).
X
Income/ dividend checks
We assess Gofore Oyj's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - 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 Gofore Oyj afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gofore Oyj has a total score of 2/6, 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 Gofore Oyj'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
Timur Karki
AGE 47
TENURE AS CEO 9.1 years
CEO Bio

Mr. Timur Karki, M.SC. (TECH.) has been the Chief Executive Officer of Gofore Oyj since 2010. Previously, Mr. Karki served as Projects Director at Gofore since 2002 until 2010. Previously, he served as the Chief Technology Officer at Wireless Artificial Intelligence Services since 2001 until 2002, Production Manager and Senior Software Specialist at Tietovalta / TJ Group since 1999 until 2001 and as specialist at Sonera since 1997 until 1999. He serves as the Chairman of the Management Board at Gofore Oyj and served its Director until March 2018. He has been a board member of Ilves Hockey since 2017.

CEO Compensation
  • Insufficient data for Timur to compare compensation growth.
  • Insufficient data for Timur to establish whether their remuneration is reasonable compared to companies of similar size in Finland.
Management Team Tenure

Average tenure and age of the Gofore Oyj management team in years:

3.1
Average Tenure
44
Average Age
  • The tenure for the Gofore Oyj management team is about average.
Management Team

Timur Karki

TITLE
Chairman of Management Board & CEO
AGE
47
TENURE
9.1 yrs

Petteri Venola

TITLE
Chief Financial Officer
AGE
45
TENURE
7.1 yrs

Topi Koskinen

TITLE
Chief Operating Officer
AGE
46
TENURE
2.1 yrs

Juha Virtanen

TITLE
Sales Director
AGE
41
TENURE
3.1 yrs

Vijay Selvaraj

TITLE
Global Head of Design Services

Mikael Nylund

TITLE
Business Director of M&A and Deputy CEO
AGE
43
TENURE
3.1 yrs

Riikka Nurminen

TITLE
Marketing & Communications Director (Leave of Absence)
AGE
42
TENURE
0.1 yrs
Board of Directors Tenure

Average tenure and age of the Gofore Oyj board of directors in years:

2.1
Average Tenure
43
Average Age
  • The average tenure for the Gofore Oyj board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ali Saadetdin

TITLE
Chairman of the Board
AGE
69
TENURE
13.1 yrs

Sami Somero

TITLE
Director
AGE
43
TENURE
5.1 yrs

Anne-Mari Silvast

TITLE
Director
AGE
38
TENURE
2.1 yrs

Kristiina Michelsson

TITLE
Director
AGE
45
TENURE
0.9 yrs

Mika Varjus

TITLE
Director
AGE
42
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Gofore Oyj'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. Gofore Oyj has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


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

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

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

News

Simply Wall St News

What Percentage Of Gofore Oyj (HEL:GOFORE) Shares Do Insiders Own?

If you want to know who really controls Gofore Oyj (HEL:GOFORE), then you'll have to look at the makeup of its share registry. … With a market capitalization of €110m, Gofore Oyj is a small cap stock, so it might not be well known by many institutional investors. … Let's delve deeper into each type of owner, to discover more about GOFORE

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Is Gofore Oyj's (HEL:GOFORE) ROE Of 22% Impressive?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.22 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

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What Can We Make Of Gofore Oyj’s (HEL:GOFORE) High Return On Capital?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

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Should You Buy Gofore Oyj (HEL:GOFORE) For Its 1.8% Dividend?

Gofore Oyj (HEL:GOFORE) has started paying a dividend to shareholders. … Does Gofore Oyj tick all the boxes of a great dividend stock? … 5 questions I ask before picking a dividend stock

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What You Must Know About Gofore Oyj's (HEL:GOFORE) Financial Strength

Gofore Oyj (HEL:GOFORE) is a small-cap stock with a market capitalization of €111m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … So, understanding the company's financial health becomes

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Is There An Opportunity With Gofore Oyj's (HEL:GOFORE) 23.28% Undervaluation?

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

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A Holistic Look At Gofore Oyj (HEL:GOFORE)

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Gofore Oyj (HEL:GOFORE) due to its excellent fundamentals in more than one area. … GOFORE

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Gofore Oyj (HEL:GOFORE)'s Return on Capital

Therefore, looking at how efficiently Gofore Oyj is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE). … What is Return on Capital Employed (ROCE)?

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Is Gofore Oyj's (HEL:GOFORE) Balance Sheet Strong Enough To Weather A Storm?

Gofore Oyj (HEL:GOFORE) is a small-cap stock with a market capitalization of €116.41m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is

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Why You Should Not Buy Gofore Oyj (HEL:GOFORE) For Dividend

Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … Gofore Oyj (HEL:GOFORE) has returned an average dividend yield of 23.00% annually to shareholders. … When researching a dividend stock, I always follow the following screening criteria:

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Company Info

Map
Description

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), development of information systems and the related design and management services (build), and maintenance and expert services (cloud) that utilize cloud infrastructure. Its lead services, includes digital business and strategy, renewal consultation, and lean development services; design services, comprising customer insight and integration, service concepts and validation, development, and services design; build services, such as software development, user interface design, architecture consulting, and initiative and project management services; and cloud services consisting of user and maintenance, reselling, consulting, and training. The company was founded in 2002 and is headquartered in Tampere, Finland.

Details
Name: Gofore Oyj
GOFORE
Exchange: HLSE
Founded: 2002
€113,708,937
13,969,157
Website: http://www.gofore.com
Address: Gofore Oyj
Kalevantie 2,
Tampere,
Pirkanmaa, 33100,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE GOFORE Share Capital OMX Nordic Exchange Helsinki FI EUR 16. Nov 2017
LSE 0CXS Share Capital London Stock Exchange GB EUR 16. Nov 2017
Number of employees
Current staff
Staff numbers
495
Gofore Oyj employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/21 22:44
End of day share price update: 2019/02/21 00:00
Last estimates confirmation: 2019/02/20
Last earnings filing: 2019/02/19
Last earnings reported: 2018/12/31
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.