Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Gofore Oyj is a Finnish digital transformation consultancy firm founded in 2001 in Tampere by four friends, initially inspired by payment transaction software but pivoting to expert consulting services. The company delivers comprehensive solutions spanning management consultation, service design, software development, testing, quality assurance, and cloud services to private and public sector clients, aiding their navigation of digital change across the full value chain. Gofore focuses on two key areas: Digital Society, supporting public administration digitalization, and Intelligent Industry, targeting sectors like manufacturing, retail, finance, and services with sustainable, innovative solutions. Headquartered in Tampere with around 1,900 employees, it operates primarily in Finland and the DACH region (Germany, Austria, Switzerland), alongside the UK, bolstered by strategic acquisitions like Devecto, eMundo, and esentri to enhance international presence and expertise in cloud, data, AI, and complex projects. Committed to ethical digitalization, Gofore upholds core values of customer success and being the best workplace, serving prominent clients such as Helsinki city services, Kela, BMW, ABB, and Ponsse while pursuing growth through organic expansion and mergers. As a key player in Europe's digital consultancy landscape, Gofore drives societal and industrial digitalization with a strong emphasis on resilience, inclusivity, and profitability.
€9.85
+€0.04 (+0.46%)
EOD Jul 2, 2026
Operating margin is thin at 6.89%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue growth slowed to 2.8%, essentially flat. Margins also contracted 3.9pp. This is a business that needs a catalyst.
Free cash flow declined 40% versus the prior year, cash generation momentum has weakened. ROIC dropped from 12.71% to 7.64%, capital efficiency is deteriorating.
19.3x earnings, 7.0x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€205M
▲ +2.8% YoY
Net Income (TTM)
€9M
▼ -41.7% YoY
Op. Margin
6.29%
▼ -3.9pp YoY
ROIC
7.64%
▼ -5.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€21M
▼ -39.8% YoY
Op. Cash Flow (TTM)
€23M
▼ -41.5% YoY
Net Debt
€11M
Cash & Equiv.
€43M
3Y CAGR: +8.5%
3Y CAGR: +0.6%
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At a P/E of 19.3 and a price-to-free-cash-flow of 7.0, Gofore Oyj (GOFORE.XHEL) trades below a two-stage DCF intrinsic value of about €36.68 per share, so at €9.85 the stock looks undervalued (272.6% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Gofore Oyj scores 52/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 5.0%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about €36.68 per share for GOFORE.XHEL, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around €27.51. At today's €9.85, that puts the stock about 272.6% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Gofore Oyj scores 52 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 6.3% operating margin and a 7.6% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Gofore Oyj pays a regular dividend of about €0.50 per share per year (typically in quarterly installments), a yield of roughly 5.0% at the current price. That is a payout ratio of about 88.1% of earnings, so the dividend is stretched at this level. Gofore Oyj has grown the dividend at roughly 22.3% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For GOFORE.XHEL's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. GOFORE.XHEL currently trades below its estimated intrinsic value and scores 52/100 on quality (mixed). It also yields about 5.0%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.