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Gofore
22.35 EUR +1.36%Gofore operates in the IT sector. Specialization is held towards offering digital solutions and consulting in lead and process design, as well as cloud-based solutions. The main knowledge is found in the construction and development of software systems and associated project management. The company's customers are found among corporate customers and institutions. Gofore operates mainly in the European market.
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![Joni Grönqvist Joni Grönqvist](https://www.inderes.se/cdn-cgi/image/format=auto,width=128,height=128,quality=90,fit=cover/https://core.inderes.fi/sites/default/files/2022-10/joni-gronqvist-1.png)
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Financial calendar
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Kärki Timur Juhana | 10.1 % | 10.1 % |
Varjus Mika | 8.6 % | 8.6 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Piia-noora Kauppi | 22.04.2024 | 100,305EUR |
Piia-noora Kauppi | 22.04.2024 | 4,248EUR |
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Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 78.0 | 104.5 | 149.9 | 189.2 | 191.4 | 210.5 | 234.2 | 262.3 |
growth-% | 21.7 % | 34.1 % | 43.5 % | 26.2 % | 1.1 % | 10.0 % | 11.3 % | 12.0 % |
EBITDA | 12.3 | 17.1 | 22.7 | 30.4 | 31.0 | 34.1 | 38.1 | 42.4 |
EBIT (adj.) | 10.8 | 14.6 | 22.0 | 26.7 | 27.0 | 30.0 | 33.9 | 38.2 |
EBIT | 8.8 | 12.2 | 16.6 | 23.0 | 23.0 | 25.9 | 29.7 | 34.1 |
Profit before taxes | 8.6 | 11.3 | 15.9 | 22.9 | 22.8 | 26.6 | 30.9 | 35.7 |
Net income | 6.9 | 9.1 | 12.2 | 18.3 | 17.6 | 20.7 | 24.1 | 28.2 |
EPS (adj.) | 0.64 | 0.80 | 1.13 | 1.40 | 1.38 | 1.58 | 1.80 | 2.07 |
growth-% | 39.3 % | 26.0 % | 41.3 % | 23.2 % | -1.1 % | 14.5 % | 13.7 % | 14.8 % |
Dividend | 0.24 | 0.28 | 0.34 | 0.47 | 0.50 | 0.58 | 0.66 | 0.74 |
Dividend ratio | 48.8 % | 46.5 % | 43.1 % | 40.3 % | 44.6 % | 44.0 % | 43.0 % | 41.0 % |
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Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 15.8 % | 16.3 % | 15.2 % | 16.1 % | 16.2 % | 16.2 % | 16.2 % | 16.2 % |
EBIT-% (adj.) | 13.8 % | 14.0 % | 14.7 % | 14.1 % | 14.1 % | 14.3 % | 14.5 % | 14.6 % |
EBIT-% | 11.2 % | 11.7 % | 11.1 % | 12.2 % | 12.0 % | 12.3 % | 12.7 % | 13.0 % |
ROE | 20.2 % | 18.7 % | 17.4 % | 21.2 % | 17.9 % | 18.8 % | 19.5 % | 20.2 % |
ROI | 19.2 % | 19.0 % | 18.8 % | 20.8 % | 18.6 % | 21.2 % | 23.0 % | 23.8 % |
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Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 17.15 | 24.00 | 22.20 | 22.40 | 22.35 | 22.35 | 22.35 | 22.35 |
Shares | 14.0 | 15.1 | 15.5 | 15.7 | 15.7 | 15.7 | 15.7 | 15.7 |
Market cap | 240.7 | 361.7 | 344.2 | 350.8 | 350.0 | 350.0 | 350.0 | 350.0 |
Enterprise value | 235.2 | 336.5 | 320.7 | 338.5 | 325.7 | 308.4 | 288.8 | 266.2 |
EV/S | 3.0 | 3.2 | 2.1 | 1.8 | 1.7 | 1.5 | 1.2 | 1.0 |
EV/EBITDA | 19.1 | 19.7 | 14.1 | 11.1 | 10.5 | 9.0 | 7.6 | 6.3 |
EV/EBIT (adj.) | 21.8 | 23.0 | 14.6 | 12.7 | 12.0 | 10.3 | 8.5 | 7.0 |
EV/EBIT | 26.9 | 27.6 | 19.3 | 14.7 | 14.2 | 11.9 | 9.7 | 7.8 |
P/E (adj.) | 27.0 | 29.9 | 19.6 | 16.0 | 16.2 | 14.1 | 12.4 | 10.8 |
P/E | 34.9 | 39.9 | 28.2 | 19.2 | 19.9 | 16.9 | 14.5 | 12.4 |
P/B | 6.7 | 5.9 | 4.3 | 3.8 | 3.4 | 3.0 | 2.7 | 2.4 |
P/S | 3.1 | 3.5 | 2.3 | 1.9 | 1.8 | 1.7 | 1.5 | 1.3 |
Dividend yield | 1.4 % | 1.2 % | 1.5 % | 2.1 % | 2.2 % | 2.6 % | 2.9 % | 3.3 % |
Equity ratio | 46.0 % | 60.2 % | 53.7 % | 56.0 % | 61.2 % | 66.7 % | 67.4 % | 68.2 % |
Gearing ratio | -15.4 % | -41.1 % | -29.5 % | -13.1 % | -23.5 % | -35.7 % | -46.5 % | -56.1 % |
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Quarter data
Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24e | Q3/24e | Q4/24e | 2024e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 47.6 | 40.8 | 51.7 | 189.2 | 49.2 | 48.4 | 41.2 | 52.6 | 191.4 |
EBITDA | 6.2 | 5.3 | 10.1 | 30.4 | 7.8 | 7.8 | 6.3 | 9.2 | 31.0 |
EBIT | 4.5 | 3.4 | 8.0 | 23.0 | 5.8 | 5.8 | 4.3 | 7.1 | 23.0 |
Profit before taxes | 4.4 | 3.3 | 8.2 | 22.9 | 5.7 | 5.8 | 4.3 | 7.0 | 22.8 |
Net income | 3.4 | 2.5 | 6.8 | 18.3 | 4.4 | 4.5 | 3.3 | 5.4 | 17.6 |
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![Gofore Plc, Q2'24](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=cover/https://content.inderes.se/assets/b00fe8b5-d6b1-4bd2-b039-7fd33e7ec7be.png)
Inside information: Gofore Plc’s Business Review 1-30 June 2024: Net sales at 14.2 million euros
Inside information: Gofore Plc’s Business Review 1-31 May 2024: Net sales at 16.8 million euros, significant deal with National Police Board of Finland
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IT service sector Q1 summary: Revenue and profitability down from a strong comparison period, but some defensive wins in profitability as well
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Inside information: Gofore Plc’s Business Review 1-30 April 2024: April net sales 17.0 million euros, new agreement with State Treasury
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Gofore Plc Managers' Transactions - Piia-Noora Kauppi
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