3Mon·

Is this the turnaround at GFT

$GFT (-0.67%)


26.09.24 16:00

Global Stock Exchange


GFT Technologies SE recorded a significant price increase of 6.56% to EUR 23.15 on September 26, 2024. The IT service provider benefited from better-than-expected quarterly figures and an optimistic outlook for the year as a whole. Despite the challenging market environment, GFT was able to increase its revenue by 11% to EUR 429.6 million in the first half of the year. The adjusted operating result (EBIT) even increased by 15% to 35.73 million euros.


Growth drivers AI and digitalization


According to the company, the areas of Next Generation Core Banking, technology modernization as well as AI and data developed particularly well. Co-CEO Marco Santos emphasized: "Our core business is healthy and our products and solutions continue to grow." The Executive Board continues to expect significant growth in revenue and profit for the year as a whole. Analysts consider the GFT share to be attractively valued with a P/E ratio of 9.89 for 2024.


BERENBERG rates GFT TECHNOLOGIES AG as a 'Buy'


https://www.wallstreet-online.de/nachricht/18523954-berenberg-stuft-gft-technologies-ag-buy


WARBURG RESEARCH rates GFT TECHNOLOGIES AG to 'Buy'

https://www.wallstreet-online.de/nachricht/18510540-warburg-research-stuft-gft-technologies-ag-buy


https://www.gft.com/de/de/about-us/news


GFT and Engenion won three awards at the Globee Awards for Technology: Most Innovative Company of the Year - Cloud/SaaS, in the Project and Portfolio Management category and for Most Innovative IT Software.

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2 Comments

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P/E ratio now below 11
Dividend of just under 2.5% with 25% payout ratio
Free cash flow available
I'll let it continue to run in the savings plan.
In my view, it is currently very undervalued.
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@Hotte1909 Hello dear, I don't think much will happen here before the figures. Unfortunately, after the quarterly figures it usually went further down. perhaps a replacement of the traffic light government will initiate the trend reversal here. Whereby GFT Global is working. But due to the existing growth, the share is getting cheaper and cheaper and at some point investors should also recognize this.
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