GBST Holdings Limited (GBT)
Views and News
Developer and provider of a range of securities transaction and fund administration software for financial services.
Now with a spread of significant customers not only in Australia and New Zealand but increasingly across North America, Europe and Asia, GBT offers a potential managed exposure to the global growth of the financial services industry.
Recent News Highlights
As at 31/12/2012 : see details at www.gbst.com (new window? Shift+Click)
Half-yearly Performance & Estimates - GBT
| Year-end June | FY11A | 1H12A | FY12A | 1H13A | FY13A | FY14E | FY15E |
|---|---|---|---|---|---|---|---|
| Sales, $m | 67.6 | 39.6 | 76.4 | 41.2 | 82.5 | 89.0 | 95.0 |
| EBITDA, $m | 13.7 | 8.2 | 14.5 | 8.2 | 16.4 | 20.1 | 22.4 |
| EBIT, $m | 6.5 | 4.5 | 6.8 | 4.6 | 9.2 | 13.0 | 15.6 |
| Report NPAT, $m | 1.4 | 2.2 | 3.5 | 2.4 | 5.9 | ||
| Adj. NPAT, $m | 5.9 | 13.3 | 15.7 | ||||
| Reported EPS, ¢ | 2.00 | 3.00 | 5.00 | 4.00 | 9.00 | ||
| Adjusted EPS, ¢ | 9.00 | 20.00 | 23.50 | ||||
| EPS %FY/Growth | 60% | 150% | 44% | 80% | 122% | 18% | |
| Dividend, ¢ | 4.0 | 2.5 | 5.0 | 3.0 | 6.5 | 7.60 | 8.90 |
| Franking, % | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| EBITDA Margin | 20% | 0 | 19% | 20% | 20% | 22.6% | 23.6% |
| NPAT Margin | 2% | 0 | 5% | 6% | 7% | 14.9% | 16.5% |
| ROE, % | 3% | 0 | 8% | 6 | 13% | ||
| EBIT/Interest | 2.0 | 0.0 | 3.3 | 5.43 | 6.13 | ||
| Net Debt / Equity | 0.61 | 0 | 0.51 | 0.47 | 0.27 | ||
| CashFlow/Sh, ¢ | 21.3 | 8.1 | 11.7 | 6.6 | 23.0 | 0.00 | 0.00 |
| Y/E Shares, m | 66.4 | 66.6 | 66.6 | 66.6 | 66.6 |
| Notes |
| Data sourced from IRESS Market Technology Limited. EPS Growth compared with the pcp is shown in most columns, except 1H11A and 1H12A which show the first half % of full year EPS. In a handful of cases, unadjusted share splits may give strange changes in ratios. |
Company Overview
Russell Research in the media
Profile
GBST Holdings
Rating:
Category: Spec Stock ; Midcaps
Action:
Website: www.gbst.com
| ASX code: | GBT |
| Closing Price, 30/12/2013: | $ 2.900 |
| Market Capitalisation: | $ 192 million |
| 52 Week High: | $ 3.70 |
| 52 Week Low: | $ 1.03 |
| Sector: | Data Processing&Outsourced Services |
| Index: | S&P/ASX Index |
Summary of Fundamentals
| Year-end June | FY12A | FY13A | FY14E | FY15E |
|---|---|---|---|---|
| NPAT, $m | 3.5 | 5.9 | 13.3 | 15.8 |
| Reported EPS, ¢ | 5.00 | 9.00 | ||
| Adjusted EPS, ¢ | 16.50 | 20.00 | 23.50 | |
| EPS Growth, % | 150% | 230% | 21% | 18% |
| P/E Ratio, x | 58.00 | 17.58 | 14.50 | 12.34 |
| Dividend, ¢ | 5.0 | 6.5 | 7.60 | 8.90 |
| Franking, % | 100% | 100% | 100% | 100% |
| Div. Yield, % | 1.72 | 2.24 | 2.62 | 3.07 |
Notes
| Our Adjusted EPS is used for the last year and forward estimates and as basis for EPS Growth and P/E Ratio. We currently use Reported data for all historic NPAT, for the prior year EPS and as base for last year EPS growth. |
| Data & Chart sourced from IRESS Market Technology Ltd. |
One Year Chart
As at 30 December 2013
Other Highlights
| Sector: | Data Processing&Outsourced Services |
| Return on Equity, FY13 : | 13% |
| Net Debt to Equity, FY13 : | 27 % |
| EBIT / Interest Cover, FY13 : | 6.13 x |
| Gicscode: | 45100000 |
| First Listed: | 28-Jun-05 |
Business Activities
GBST Holdings Limited (GBT) develops and provides a range of securities transaction and fund administration software for financial services, with its customers now spread globally.
Glossary:
| ♠ | "A Core Stock" - reliable long-term yield & growth |
| ♥ | "We like it" - a seasoned performer, growth & yield |
| ♦ | "A tough scout" - creating a potential breakthrough |
| ♣ | "A steady performer" - giving reliable yield or growth |
| Best Stocks | Portfolio of selected attractive investments |
| Potential | Stocks that may have good improvement prospects |
| Speculative | More risky usually smaller stocks with spec. upside |
| Midcaps | In RR Midcap Index, $ 70m to 1,500m market cap. |
| Large Stocks | Larger Stocks upwards of $ 1,500m market cap |