Financials Gofore Oyj

Equities

GOFORE

FI4000283130

IT Services & Consulting

Market Closed - Nasdaq Helsinki 11:29:30 2024-04-26 am EDT 5-day change 1st Jan Change
24.05 EUR +3.00% Intraday chart for Gofore Oyj +5.25% +7.37%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 105.1 240.7 361.7 344.2 348.5 374.2 - -
Enterprise Value (EV) 1 89.1 235.2 336.5 326.8 331.4 349.2 332.5 310.1
P/E ratio 22.7 x 35 x 39.3 x 28.5 x 19.5 x 20.6 x 17.3 x 14.8 x
Yield 3.07% 1.4% 1.17% 1.53% 2.1% 2.04% 2.39% 2.74%
Capitalization / Revenue 1.64 x 3.09 x 3.46 x 2.3 x 1.84 x 1.9 x 1.69 x 1.51 x
EV / Revenue 1.39 x 3.01 x 3.22 x 2.18 x 1.75 x 1.77 x 1.5 x 1.25 x
EV / EBITDA 10.8 x 19.1 x 19.7 x 14.4 x 10.9 x 10.9 x 9.22 x 7.65 x
EV / FCF 8.64 x 28.7 x 24.1 x 15.5 x 19.1 x 15.4 x 12.2 x 9.5 x
FCF Yield 11.6% 3.48% 4.16% 6.45% 5.22% 6.5% 8.2% 10.5%
Price to Book 3.34 x 6.67 x 5.93 x 4.34 x 3.75 x 3.63 x 3.19 x 2.77 x
Nbr of stocks (in thousands) 14,013 14,037 15,072 15,506 15,560 15,560 - -
Reference price 2 7.500 17.15 24.00 22.20 22.40 24.05 24.05 24.05
Announcement Date 2/19/20 3/5/21 2/28/22 2/17/23 2/20/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 64.1 78 104.5 149.9 189.2 197.1 221 248
EBITDA 1 8.214 12.33 17.06 22.74 30.43 32.05 36.05 40.55
EBIT 1 6.116 8.75 12.2 16.64 23.02 26 30 34.4
Operating Margin 9.54% 11.22% 11.67% 11.1% 12.16% 13.19% 13.57% 13.87%
Earnings before Tax (EBT) 1 6.033 8.615 11.34 15.87 22.91 23.7 28.2 32.9
Net income 1 4.445 6.895 8.953 11.95 17.92 18.2 21.75 25.45
Net margin 6.93% 8.84% 8.57% 7.97% 9.47% 9.23% 9.84% 10.26%
EPS 2 0.3300 0.4900 0.6100 0.7800 1.150 1.165 1.390 1.620
Free Cash Flow 1 10.32 8.182 13.99 21.07 17.31 22.7 27.25 32.65
FCF margin 16.09% 10.49% 13.38% 14.06% 9.15% 11.52% 12.33% 13.17%
FCF Conversion (EBITDA) 125.58% 66.36% 81.98% 92.69% 56.89% 70.83% 75.59% 80.52%
FCF Conversion (Net income) 232.06% 118.67% 156.23% 176.28% 96.59% 124.73% 125.29% 128.29%
Dividend per Share 2 0.2300 0.2400 0.2800 0.3400 0.4700 0.4900 0.5750 0.6600
Announcement Date 2/19/20 3/5/21 2/28/22 2/17/23 2/20/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 30.6 37.4 40.6 51.7 31.2 52.8 35.4 37.1 72.5 31.7 45.69 49.15 47.56 40.82 51.71 49.24 49.85 42.5 55.5
EBITDA 1 3.151 5.203 6.227 8.115 - 8.947 - 6.162 - 4.332 7.124 8.794 6.176 5.322 10.14 7.751 7.86 6.395 10
EBIT 1 1.99 4.034 4.255 5.675 - 6.522 - 4.716 - 3.7 5.533 7.134 4.46 3.422 8.003 5.77 6.36 4.885 8.48
Operating Margin 6.5% 10.79% 10.48% 10.98% - 12.35% - 12.71% - 11.67% 12.11% 14.51% 9.38% 8.38% 15.48% 11.72% 12.76% 11.49% 15.28%
Earnings before Tax (EBT) 1 1.952 4.001 4.212 4.942 - 6.393 - - - - - 6.96 - - - 5.705 5.7 4.4 7.2
Net income 1 1.354 2.763 3.659 3.905 - 5.048 - - - - - 5.344 - - - 4.253 4.47 3.335 6.145
Net margin 4.42% 7.39% 9.01% 7.55% - 9.56% - - - - - 10.87% - - - 8.64% 8.97% 7.85% 11.07%
EPS 2 0.1000 0.2000 0.2600 0.2700 - 0.3400 - 0.2300 - - 0.2600 0.3400 0.2100 - - 0.2700 0.2850 0.2100 0.3950
Dividend per Share - - 0.2400 - - 0.2800 - - - - - - - - - - - - -
Announcement Date 2/19/20 8/14/20 3/5/21 7/8/21 2/28/22 2/28/22 4/20/22 8/15/22 8/15/22 10/18/22 2/17/23 4/25/23 7/17/23 10/19/23 2/20/24 4/19/24 - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 16 5.57 25.2 17.5 17.2 25 41.7 64.1
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 10.3 8.18 14 21.1 17.3 22.7 27.3 32.7
ROE (net income / shareholders' equity) 16.6% 20.2% 18.8% 18.8% 21.1% 18.5% 19.6% 20%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 2.250 2.570 4.050 5.110 5.980 6.630 7.530 8.690
Cash Flow per Share 2 0.7600 0.6400 0.9400 1.400 1.220 1.660 1.910 2.400
Capex 1 0.33 0.77 0.2 0.67 1.86 2.85 2.95 3.05
Capex / Sales 0.52% 0.99% 0.19% 0.44% 0.98% 1.45% 1.33% 1.23%
Announcement Date 2/19/20 3/5/21 2/28/22 2/17/23 2/20/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
24.05 EUR
Average target price
26.75 EUR
Spread / Average Target
+11.23%
Consensus