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Strategia puree

GOFOREResearch20.10.2023 klo 08.46

Inderes

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Goforen liikevaihto kasvoi vahvasti orgaanisesti Q3:lla ja kannattavuus ylitti hieman odotuksemme. Heikko talousnäkymä yksityisellä ja tiukka kilpailutilanne julkisella sektorilla jarruttavat yhtiön menoa lyhyellä aikavälillä, mutta arvioimme yhtiön pärjäävän sektoria keskimäärin paremmin ja jatkavan kannattavaa kasvua myös vaikeammassa syklissä. Arvostuskuva (2023 EV/EBIT oik. 12x) yhdistettynä vahvaan orgaanisen kasvun ajamaan arvonluontinäkymään puoltaa mielestämme vahvaa positiivista näkemystä osakkeesta.

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Gofore operates in the IT sector. The company specializes in offering digital solutions and consulting in lead and process design, as well as cloud-based solutions. The greatest 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. The largest operations are found around the European market.

Key Estimate Figures19.10.2023

	2022	23e	24e
Revenue	149.9	190.5	210.0
growth-%	43.5 %	27.1 %	10.2 %
EBIT (adj.)	22.0	25.3	27.3
EBIT-% (adj.)	14.7 %	13.3 %	13.0 %
EPS (adj.)	1.13	1.29	1.39
Dividend	0.34	0.50	0.58
Dividend %	1.5 %	4.2 %	4.9 %
P/E (adj.)	19.6	9.2	8.6
EV/EBITDA	14.2	5.9	4.9

Forum discussions

Unfortunately not directly. It did mention Gofore’s seemingly exceptionally low price and that an explanation had been requested from the company...

6 hours ago

by Joni Grönqvist

Is it possible to estimate the bidders’ prices from the procurement decision?

8 hours ago

by Kepardi

Bringing the “podium places” of that tender from the comment. Good to note here that even if a name doesn’t appear on the list for a specific...

8 hours ago

by Joni Grönqvist

Here are Joni’s comments on these neat KEHA deals won by Gofore Gofore announced on Thursday that it has been selected for the KEHA Centre’s...

12 hours ago

by Sijoittaja-alokas

Gofore Gofore valittu KEHA-keskuksen kumppaniksi kahteen laajaan puitesopimukseen -... Gofore on valittu Työllisyys-, kehittämis- ja hallintokeskus...

yesterday

by Cadel

I wonder what kind of unit prices were offered in the tender? Is the procurement decision publicly available somewhere? Due to the high volume...

yesterday

by Kepardi

Gofore Gofore valittu KEHA-keskuksen kumppaniksi laajaan puitesopimukseen - Gofore 22.10.2026 13:00:09 EEST | Gofore Oyj | Sisäpiiritieto Gofore...

yesterday

by Cadel

Strategia puree

GOFOREResearch20.10.2023 klo 08.46

Inderes

Discuss

Download report (PDF)This report is only available for Inderes Premium customers.

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Key Estimate Figures19.10.2023

	2022	23e	24e
Revenue	149.9	190.5	210.0
growth-%	43.5 %	27.1 %	10.2 %
EBIT (adj.)	22.0	25.3	27.3
EBIT-% (adj.)	14.7 %	13.3 %	13.0 %
EPS (adj.)	1.13	1.29	1.39
Dividend	0.34	0.50	0.58
Dividend %	1.5 %	4.2 %	4.9 %
P/E (adj.)	19.6	9.2	8.6
EV/EBITDA	14.2	5.9	4.9