CREALOGIX Group

SW: CLXN

CHF136m market cap

CHF97.5 last close

CREALOGIX Group provides digital banking technology solutions to banks, wealth managers and other financial services companies. The company’s suite of solutions includes online and mobile banking, digital payments, digital learning and security.

Investment summary

CREALOGIX now offers the functionality that supports the activation of credit cards for the Google Pay mobile payment system within banking apps. This enables banks to offer their customers an easy way to connect credit cards with Google Pay. There is a new client win in LGT Vestra, which is adding new mobile functionality, via CREALOGIX’s wealth management app and client portal, to enhance digital services for its high-net-worth clients. The digital banking industry dynamics remain attractive and pure-play CREALOGIX has a strong pipeline. In our view, CREALOGIX is uniquely positioned in this industry.

Y/E Jun
Revenue (CHFm)
EBITDA (CHFm)
PBT (CHFm)
EPS (CHFc)
P/E (x)
P/CF (x)
2017A 74.9 7.3 5.0 259.00 37.6 10.6
2018A 87.1 7.0 5.0 239.00 40.8 35.4
2019E 107.3 7.0 3.5 166.53 58.5 19.3
2020E 115.4 11.0 8.1 416.02 23.4 11.7
Last updated on 26/09/2018
Industry outlook

CREALOGIX develops and implements software that enables digital banking for “the digital bank of tomorrow”. The solutions are most often used by traditional banks to enable their journey to digitalisation, through the provision of a sophisticated, modern omni-channel offering to their clients. The group’s products are front-end solutions that integrate with customers’ back-end systems. The technology has won many awards, including three consecutive awards at FinovateEurope in London – this year CREALOGIX TimeWarp was voted a “Best of Show” product. In December, Forrester named CREALOGIX a leader for Digital Banking Engagement Platforms.

Last updated on 26/09/2018
Sector
TMT
Share price graph
Balance sheet
Forecast net cash (CHFm) 4.5
Forecast gearing ratio (%) N/A
Price performance
%
1m
3m
12m
Actual (3.5) (9.7) (42.3)
Relative* (3.2) (18.5) (46.5)
52-week high/low CHF100.0/CHF81.0
*% relative to local index
Key management
Bruno Richle Chairman
Thomas F. J. Avedik CEO
Philippe Wirth CFO