ING.PA - Ingenico Group - GCS

Paris - Paris Delayed price. Currency in EUR
138.95
+1.95 (+1.42%)
At close: 5:38PM CET
Stock chart is not supported by your current browser
Previous close137.00
Open137.00
BidN/A x N/A
AskN/A x N/A
Day's range135.95 - 138.95
52-week range55.56 - 138.95
Volume237,335
Avg. volume367,687
Market cap8.664B
Beta (5Y monthly)1.04
PE ratio (TTM)40.96
EPS (TTM)3.39
Earnings date25 Feb 2020
Forward dividend & yield1.10 (0.80%)
Ex-dividend date17 Jun 2019
1y target est71.97
  • Reuters - UK Focus

    LIVE MARKETS-Closing snapshot: STOXX and DAX at record highs

    * European stocks rise: STOXX, DAX hit record highs * AMS dips despite Q4 beat, share sale for Osram takeover in focus * Central bankers: eyes on Lagarde, Carney and Powell speeches * TUI surges on coronavirus fears respite Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@tr.com), Joice Alves (joice.alves@tr.com), Julien Ponthus (julien.ponthus@tr.com) in London and Danilo Masoni (danilo.masoni@tr.com) in Milan. CLOSING SNAPSHOT: STOXX AND DAX AT RECORD HIGHS (1655 GMT) Big day of records for European shares as both the pan European and the German indices have climbed to all-time highs on hopes the coronavirus is peaking after China's senior medical adviser suggested the outbreak crisis may be over in April.

  • Reuters - UK Focus

    LIVE MARKETS-"Chasing the unicorns": DAX at new record

    * European stocks rise: STOXX, DAX hit record highs * AMS dips despite Q4 beat, share sale for Osram takeover in focus * Central bankers: eyes on Lagarde, Carney and Powell speeches * TUI surges on coronavirus fears respite Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@tr.com), Joice Alves (joice.alves@tr.com), Julien Ponthus (julien.ponthus@tr.com) in London and Danilo Masoni (danilo.masoni@tr.com) in Milan. "CHASING THE UNICORNS": DAX AT NEW RECORD (1628 GMT) Germany's exporter-heavy DAX index has climbed to a new record high, mirroring Wall Street benchmarks, but there's a lot of scepticism out there over whether these gains are justified, given China and the country's internal troubles.

  • Reuters - UK Focus

    LIVE MARKETS-Powell, pleeaasse, some more of theeese!

    * European stocks rise: STOXX, DAX hit record highs * AMS dips despite Q4 beat, share sale for Osram takeover in focus * Central bankers: eyes on Lagarde, Carney and Powell speeches * TUI surges on coronavirus fears respite Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@tr.com), Joice Alves (joice.alves@tr.com), Julien Ponthus (julien.ponthus@tr.com) in London and Danilo Masoni (danilo.masoni@tr.com) in Milan. The recent Chinese generic version from the PBOC has done wonders and QE addicts all over the world are now hoping the coronavirus will provide some excuse to extend the monetary buzz before the effect of the last fix wears off.

  • Reuters - UK Focus

    LIVE MARKETS-Earnings so far: "Moving in the right direction"

    * European shares up, extend gains after strong U.S. factory data * Ingenico rallies on Worldline takeover offer, top gainer in Europe * UK manufacturing ends longest decline since financial crisis * EU and Britain clash over a post-Brexit trade deal Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. Reach her on Messenger to share your thoughts on market moves: joice.alves.thomsonreuters.com@reuters.net EARNINGS SO FAR: "MOVING IN THE RIGHT DIRECTION" (1519 GMT) It's still early days (only 11% of EU companies has reported) but initial findings from BofA Global Research on how Europe's Q4 earnings season is progressing are reassuring.

  • This $8.6 Billion Fintech Is Not Quite Cheap Enough
    Bloomberg

    This $8.6 Billion Fintech Is Not Quite Cheap Enough

    (Bloomberg Opinion) -- Consolidation in the digital payments industry has traditionally meant bold deals to buy fast-growing assets at sky-high valuations — with the acquirers often cheered on blindly by investors. Worldline SA has chosen a different path: A modestly expensive deal to buy struggling French peer Ingenico Group SA. Shareholders have frowned. Worldline Chief Executive Officer Gilles Grapinet must be wishing he’d stuck with convention.Ingenico has been a bid target for some time. It is weighed down by a handheld terminals business and has been playing catch-up in online payments. Late 2018 brought a management and strategy reset with the appointment of former Visa executive Nicolas Huss as CEO. Natixis SA, a French bank, dropped plans for a possible takeover not long afterwards, sending Ingenico shares to just 45 euros apiece. Just over a year later, Worldline is offering a combination of cash and its own stock that’s worth 123.10 euros a share based on its last closing price. That values Ingenico’s equity at 7.8 billion euros ($8.6 billion).Maybe Worldline should have moved sooner, but it would have struggled to coax its target to the table before now. An attempt at a deal last year would have been blatantly opportunistic, with Ingenico’s shares on the floor, and Huss’s elevation has bolstered the company’s bid defenses. Grapinet would have needed to offer a much bigger premium than the 17% that has secured this deal. What’s more, the transaction value of 15 times expected 2020 Ebitda is relatively sober in this part of the fintech sector. Fidelity National Information Services Inc. paid 29 times trailing Ebitda for Worldpay Inc. in July. Denmark’s Nets A/S succumbed to a leveraged buyout at 18 times Ebitda in 2018.The lower valuation reflects the fact that Worldline is not acquiring a business firing on all cylinders. The deal starts to look more pricey when you consider what the buyer is getting. Based on Ingenico’s expected financial performance for 2020, the starting return on the total 9.5 billion euros all-in cost (including assumed net debt) would be just 4%. Worldline reckons it can extract 250 million euros of financial benefits come 2024, when analysts forecast Ingenico could generate about 720 million euros in operating profit. Adjusting for tax, the returns might then get to a more reasonable 8%. Still, investors have to wait for it.What's more, Worldline’s board would expand to an unwieldy 17 members, including a director from the French state investment bank.Might things turn out better than Worldline’s shareholders believe? Grapinet has some options to do more than simply finish the recovery that Huss has started. One possibility would be carving out Ingenico’s terminals business and auctioning it to private equity firms. That would leave him with faster growing operations and help bring down net debt, which is likely to touch 2.5 times Ebitda after paying 2 billion euros for the cash part of the deal.It’s a reasonable piece of M&A, but no more. Investor caution is understandable. There may be higher quality targets out there. The snag is that Grapinet would have to overpay even more to get them.To contact the author of this story: Chris Hughes at chughes89@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Chris Hughes is a Bloomberg Opinion columnist covering deals. He previously worked for Reuters Breakingviews, as well as the Financial Times and the Independent newspaper.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters - UK Focus

    LIVE MARKETS-Watch the virus' reproduction rate

    * STOXX 600 flat, FTSE 100 up 0.6% * Ingenico top riser in Europe on Worldline takeover offer * UK manufacturing ends longest decline since financial crisis Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. Reach her on Messenger to share your thoughts on market moves: joice.alves.thomsonreuters.com@reuters.net WATCH THE VIRUS' REPRODUCTION RATE (1124 GMT) A key indicator for stocks owners is the pace by which the coronavirus spreads, Jefferies analysts wrote in equity strategy note this morning. Any indication that the reproduction rate is accelerating or decelerating versus a roughly 50% growth rate per day is something worth considering, they argue.

  • Worldline to buy Ingenico for $8.6B in major payments consolidation play
    TechCrunch

    Worldline to buy Ingenico for $8.6B in major payments consolidation play

    Some consolidation is afoot among the payments behemoths of Europe. Smaller, newer fintech companies are eating into their market dominance by adapting faster to changing spending habits, while also looking to capitalize on economies of scale. Today Worldline, a financial services company that provides everything from in-store point-of-sale terminals through to online payments, data analytics, banking and fraud protection, announced that it would acquire Ingenico, the huge point-of-sale terminal provider that controls 37 percent of the market globally, in a cash and share deal that gives Ingenico a valuation of €7.8 billion ($8.6 billion at today's exchange rates).

  • Reuters - UK Focus

    LIVE MARKETS-Why utilities are so hot

    * STOXX 600 flat, FTSE 100 up 0.4% * Ingenico top riser in Europe on Worldline takeover offer * UK manufacturing ends longest decline since financial crisis Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. Reach her on Messenger to share your thoughts on market moves: joice.alves.thomsonreuters.com@reuters.net WHY UTILITIES ARE SO HOT (1037 GMT) With a nearly 10% relative outperformance so far in 2020 utilities are becoming a hot spot for investors. It may be for their defensive qualities and bond-like features that utilities are getting attention, as virus fears slow economic growth expectations, but it also looks like the transition to a greener world is going to inject new life into this investment space.

  • Payment-Services Giant Worldline to Buy Ingenico in $8.6 Billion Deal
    Bloomberg

    Payment-Services Giant Worldline to Buy Ingenico in $8.6 Billion Deal

    (Bloomberg) -- Worldline SA agreed to buy rival Ingenico Group SA in a 7.8 billion-euro ($8.6 billion) deal the French technology companies say will form one of the largest payment-services providers.The two companies had been circling each other for years, and Worldline Chief Executive Officer Gilles Grapinet said on a conference call Monday that Ingenico’s reorganization last year made it the right time to bid.The takeover – the biggest of the year so far in Europe – continues last year’s spate of payments company mergers, which included a series of major deals from Fiserv Inc., Fidelity National Information Services Inc. and Global Payments Inc.Ingenico shareholders will receive 123.10 euros a share in cash or a mixture of cash and shares, the companies said Monday. That’s 17% higher than the stock’s last closing price. Worldline is also offering to buy bonds that are convertible into Ingenico shares. Worldline shareholders will own about 65% of the combined company.Ingenico gained as much as 14% in Paris on Monday, rising to 119.9 euros, the biggest intraday move in more than a year. Worldline fell as much as 8.6%.The deal looks “very positive” for Worldline at first glance, giving the company an opportunity to add to its European leadership team and increase its market share, analysts at Bryan Garnier & Co. said in a note Monday. The combined company will also have a more diversified profile than its U.S. peers, they said.Read more about Ingenico’s management shakeup here.The deal comes after a number of challenging years for Ingenico, which provides payments processing services to customers including banks, retailers and e-commerce sites, and is one of the few large firms to remain independent in the rapidly consolidating payments industry in Europe.Ingenico for years has been pushing to refocus from its legacy business -- capturing transactions on behalf of banks or credit card companies using hardware terminals in stores -- toward new services in areas like online shopping.In November 2018, Ingenico CEO Philippe Lazare was removed following a request from the board. Lazare, who led the company for 11 years, had been under increasing pressure over its performance and management struggled to convince investors of the merits of its legacy terminals business.Ingenico has since recovered, its shares more than doubling in the past year after Chief Operating Officer Nicolas Huss took over as CEO in a move many thought could lead to a potential deal. The same month, Natixis SA declined to bid for Ingenico after holding preliminary talks.“Timing is everything,” Grapinet said when asked on a call with analysts why the company didn’t attempt to buy Ingenico last year. “If you look at the stock price, it could’ve been a bargain, but I’m not sure the board of Ingenico would’ve been ready to sell.”Worldline was spun out of French computer-services provider Atos via an initial public offering in 2014, and with a 11 billion-euro market value is now bigger than its previous owner. In 2018 Worldline snapped up SIX Group AG’s payments business for 2.3 billion euros, in one of the first deals that sparked the ongoing wave of consolidation in the industry.“The combination of Worldline and Ingenico offers a unique opportunity to create the undisputed European champion in payments,” Ingenico Chairman Bernard Bourigeaud said in a statement Monday. “This transaction comes at the time of accelerating consolidation of the industry.”French state investor and Ingenico shareholder Bpifrance Financement SA said it “fully supports” the deal and in a statement said it was “committed to contribute its Ingenico shares to Worldline’s public offer and intends to become a long-term reference shareholder of the combined entity.” Bpifrance owns about 5.3% of Ingenico shares according to data compiled by Bloomberg.SIX Group and Atos, Worldline’s largest shareholders, are also in favor of the deal.Payments dealmaking may be set to continue. Worldline will become the “platform of choice for further consolidation in Europe” Grapinet said on the call.Investors have been keen to cash in on alternatives to traditional banking services. Vista Equity Partners is considering selling a stake in Finastra in a deal that could value the company at more than $10 billion including debt, Bloomberg News reported in October.Earlier in January Visa Inc. agreed to pay $5.3 billion for Plaid, a fintech firm that connects popular apps like Venmo to customers’ data in the established banking system.The combined market value of Ingenico and Worldline will be about 19 billion euros as of trading Monday, leapfrogging rival Wirecard AG.(Updates with context throughout, share price, comments from analyst call)\--With assistance from Tara Patel and Thomas Mulier.To contact the reporter on this story: Amy Thomson in London at athomson6@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Nate LanxonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters - UK Focus

    LIVE MARKETS-The harder the fall, the bigger the bounce

    * PMI: UK manufacturing ends long decline Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. It is also worth noting that Ingenico shares are trading well below Worldline's 123.1 euro per share offer price.

  • Reuters - UK Focus

    LIVE MARKETS-On Our Radar: Drugmakers, Ryanair, Worldline

    Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. Futures point to a higher open in Europe after Brexit and reports on Saturday that Boris Johnson would consider a looser trade agreement with the European Union, similar to the bloc's ties with Australia, rather than follow EU rules to reach a closer deal. Meantime, UK drugmaker GlaxoSmithKline is also on the radar after it said it is collaborating with the Coalition for Epidemic Preparedness Innovations to develop a vaccine for the coronavirus outbreak.

  • Worldline's $8.7 billionico deal to create European payments leader
    Reuters

    Worldline's $8.7 billionico deal to create European payments leader

    Payments company Worldline agreed on Monday to buy French rival Ingenico in a 7.8 billion euro ($8.7 billion) deal, creating a European leader in a sector trying to keep up with fast-changing consumer habits and technologies. The purchase by Worldline, which was born out of French IT company Atos, follows a wave of mergers and acquisitions last year among U.S. rivals also looking to try and build up their share of digital transactions. "We're likely to see more consolidation," Worldline Chief executive Gilles Grapinet told reporters, adding that it was an industry with cost advantages for those operating on a large scale.

  • Worldline's $8.7 billion Ingenico deal to create European payments leader
    Reuters

    Worldline's $8.7 billion Ingenico deal to create European payments leader

    Payments company Worldline agreed on Monday to buy French rival Ingenico in a 7.8 billion euro ($8.7 billion) deal, creating a European leader in a sector trying to keep up with fast-changing consumer habits and technologies. The purchase by Worldline, which was born out of French IT company Atos , follows a wave of mergers and acquisitions last year among U.S. rivals also looking to try and build up their share of digital transactions. "We're likely to see more consolidation," Worldline Chief executive Gilles Grapinet told reporters, adding that it was an industry with cost advantages for those operating on a large scale.

  • Is Ingenico Group - GCS's (EPA:ING) 9.2% ROE Better Than Average?
    Simply Wall St.

    Is Ingenico Group - GCS's (EPA:ING) 9.2% ROE Better Than Average?

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...

  • The Ingenico Group - GCS (EPA:ING) Share Price Has Gained 54% And Shareholders Are Hoping For More
    Simply Wall St.

    The Ingenico Group - GCS (EPA:ING) Share Price Has Gained 54% And Shareholders Are Hoping For More

    The simplest way to invest in stocks is to buy exchange traded funds. But one can do better than that by picking...

  • Is Ingenico Group - GCS (EPA:ING) Investing Effectively In Its Business?
    Simply Wall St.

    Is Ingenico Group - GCS (EPA:ING) Investing Effectively In Its Business?

    Today we'll look at Ingenico Group - GCS (EPA:ING) and reflect on its potential as an investment. To be precise, we'll...

  • Reuters - UK Focus

    LIVE MARKETS-On the radar: Corporate recession

    Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. Refinitiv data showed yesterday that Europe’s corporate recession is expected to accelerate with companies listed on the STOXX 600 now expected to report a drop of as much as 5.3% in Q3 earnings, much worse than the 3.7% fall expected a week ago. With that in mind, investors have a lot of corporate news to digest today.

  • Is Now The Time To Look At Buying Ingenico Group - GCS (EPA:ING)?
    Simply Wall St.

    Is Now The Time To Look At Buying Ingenico Group - GCS (EPA:ING)?

    Ingenico Group - GCS (EPA:ING), which is in the electronic business, and is based in France, led the ENXTPA gainers...

  • Is Ingenico Group - GCS's (EPA:ING) High P/E Ratio A Problem For Investors?
    Simply Wall St.

    Is Ingenico Group - GCS's (EPA:ING) High P/E Ratio A Problem For Investors?

    The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). To keep it practical, we'll...

  • What Kind Of Shareholder Appears On The Ingenico Group - GCS's (EPA:ING) Shareholder Register?
    Simply Wall St.

    What Kind Of Shareholder Appears On The Ingenico Group - GCS's (EPA:ING) Shareholder Register?

    Every investor in Ingenico Group - GCS (EPA:ING) should be aware of the most powerful shareholder groups. Insiders...

  • Where Ingenico Group - GCS (EPA:ING) Stands In Terms Of Earnings Growth Against Its Industry
    Simply Wall St.

    Where Ingenico Group - GCS (EPA:ING) Stands In Terms Of Earnings Growth Against Its Industry

    Assessing Ingenico Group - GCS's (EPA:ING) past track record of performance is a valuable exercise for investors. It...

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