GOFORE Stock Overview
Gofore Oyj provides digitalization consultancy services for private and public sector operators in Finland, and internationally.
No risks detected for GOFORE from our risk checks.
Gofore Oyj Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||€20.75|
|52 Week High||€26.00|
|52 Week Low||€17.60|
|1 Month Change||-8.99%|
|3 Month Change||-5.68%|
|1 Year Change||15.28%|
|3 Year Change||142.97%|
|5 Year Change||n/a|
|Change since IPO||205.15%|
Recent News & Updates
|GOFORE||FI IT||FI Market|
Return vs Industry: GOFORE exceeded the Finnish IT industry which returned -9.5% over the past year.
Return vs Market: GOFORE exceeded the Finnish Market which returned -19.8% over the past year.
|GOFORE Average Weekly Movement||4.6%|
|IT Industry Average Movement||5.0%|
|Market Average Movement||5.3%|
|10% most volatile stocks in FI Market||8.4%|
|10% least volatile stocks in FI Market||3.4%|
Stable Share Price: GOFORE is not significantly more volatile than the rest of Finnish stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: GOFORE's weekly volatility (5%) has been stable over the past year.
About the Company
Gofore Oyj provides digitalization consultancy services for private and public sector operators in Finland, and internationally. The company provides digital transformation consulting; services design and digital service development; and maintenance services. It also engages in the management of digital change, service design, and software development and testing, as well as provides cloud services utilization and cloud capacity consulting services.
Gofore Oyj Fundamentals Summary
|GOFORE fundamental statistics|
Is GOFORE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GOFORE income statement (TTM)|
|Cost of Revenue||€77.10m|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
Aug 15, 2022
|Earnings per share (EPS)||0.58|
|Net Profit Margin||8.56%|
How did GOFORE perform over the long term?See historical performance and comparison
1.3%Current Dividend Yield
Is GOFORE undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for GOFORE?
Other financial metrics that can be useful for relative valuation.
|What is GOFORE's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does GOFORE's PE Ratio compare to its peers?
|GOFORE PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
Price-To-Earnings vs Peers: GOFORE is expensive based on its Price-To-Earnings Ratio (35.6x) compared to the peer average (32.9x).
Price to Earnings Ratio vs Industry
How does GOFORE's PE Ratio compare vs other companies in the IT Industry?
Price-To-Earnings vs Industry: GOFORE is expensive based on its Price-To-Earnings Ratio (35.6x) compared to the Finnish IT industry average (21.6x)
Price to Earnings Ratio vs Fair Ratio
What is GOFORE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||35.6x|
|Fair PE Ratio||31.7x|
Price-To-Earnings vs Fair Ratio: GOFORE is expensive based on its Price-To-Earnings Ratio (35.6x) compared to the estimated Fair Price-To-Earnings Ratio (31.7x).
Share Price vs Fair Value
What is the Fair Price of GOFORE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: GOFORE (€20.75) is trading below our estimate of fair value (€31.04)
Significantly Below Fair Value: GOFORE is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: GOFORE is poor value based on its PEG Ratio (2.1x)
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How is Gofore Oyj forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GOFORE's forecast earnings growth (17.1% per year) is above the savings rate (0.2%).
Earnings vs Market: GOFORE's earnings (17.1% per year) are forecast to grow faster than the Finnish market (8.1% per year).
High Growth Earnings: GOFORE's earnings are forecast to grow, but not significantly.
Revenue vs Market: GOFORE's revenue (12.9% per year) is forecast to grow faster than the Finnish market (1.9% per year).
High Growth Revenue: GOFORE's revenue (12.9% 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 (18.2%).
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How has Gofore Oyj performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GOFORE has high quality earnings.
Growing Profit Margin: GOFORE's current net profit margins (8.6%) are lower than last year (8.8%).
Past Earnings Growth Analysis
Earnings Trend: GOFORE's earnings have grown significantly by 22.3% per year over the past 5 years.
Accelerating Growth: GOFORE's earnings growth over the past year (29.8%) exceeds its 5-year average (22.3% per year).
Earnings vs Industry: GOFORE earnings growth over the past year (29.8%) exceeded the IT industry 16.7%.
Return on Equity
High ROE: GOFORE's Return on Equity (14.8%) is considered low.
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How is Gofore Oyj's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: GOFORE's short term assets (€58.9M) exceed its short term liabilities (€28.4M).
Long Term Liabilities: GOFORE's short term assets (€58.9M) exceed its long term liabilities (€12.2M).
Debt to Equity History and Analysis
Debt Level: GOFORE has more cash than its total debt.
Reducing Debt: GOFORE's debt to equity ratio has increased from 2% to 16.4% over the past 5 years.
Debt Coverage: GOFORE's debt is well covered by operating cash flow (141.2%).
Interest Coverage: GOFORE's interest payments on its debt are well covered by EBIT (55.6x coverage).
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What is Gofore Oyj current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GOFORE's dividend (1.35%) isn’t notable compared to the bottom 25% of dividend payers in the Finnish market (2.54%).
High Dividend: GOFORE's dividend (1.35%) is low compared to the top 25% of dividend payers in the Finnish market (5.07%).
Stability and Growth of Payments
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 4 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (46.1%), GOFORE's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (30.7%), GOFORE's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mikael Nylund (46 yo)
Mr. Mikael Nylund has been Chief Executive Officer of Gofore Oyj since December 11, 2019. Mr. Nylund served as Business Director of M&A and Deputy CEO of Gofore Oyj since January 1, 2019 until June 2019. M...
Experienced Management: GOFORE's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Experienced Board: GOFORE's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Gofore Oyj's employee growth, exchange listings and data sources
- Name: Gofore Oyj
- Ticker: GOFORE
- Exchange: HLSE
- Founded: 2001
- Industry: IT Consulting and Other Services
- Sector: Software
- Implied Market Cap: €318.516m
- Shares outstanding: 15.35m
- Website: https://www.gofore.com
Number of Employees
- Gofore Oyj
- Kalevantie 2
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/24 00:00|
|End of Day Share Price||2022/06/23 00:00|
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.