CAP.PA - Capgemini SE

Paris - Paris Delayed Price. Currency in EUR
106.50
-0.45 (-0.42%)
At close: 5:38PM CEST
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Previous Close106.95
Open106.95
BidN/A x N/A
AskN/A x N/A
Day's Range106.10 - 107.35
52 Week Range79.80 - 118.00
Volume861,880
Avg. Volume485,253
Market Cap17.625B
Beta (3Y Monthly)1.23
PE Ratio (TTM)22.70
EPS (TTM)4.69
Earnings DateJul 24, 2019 - Jul 29, 2019
Forward Dividend & Yield1.70 (1.59%)
Ex-Dividend Date2019-06-05
1y Target Est125.06
  • Financial Times

    Joined-up thinking benefits students and employers

    Along with tens of thousands of recent school leavers, Rebecca Roberts will be heading to university later this month. The 19-year-old from Darlington, north-east England will be juggling her part-time degree in civil engineering with an apprenticeship at US multinational Jacobs Engineering. “I hadn’t really heard about apprenticeships before, but, once I learnt more about them, it seemed like a really good opportunity because by the end of it I’d have six years’ experience as well as a degree,” Ms Roberts says.

  • GlobeNewswire

    Capgemini SE: Launch of a sixth Employee Share Ownership Plan

    Capgemini announces the launch of a sixth Employee Share Ownership Plan (ESOP). The new employee share ownership plan is offered to approximately 98 % of the employees and is part of the Group’s policy to associate all employees with its development and performance. The employee shareholding resulting from previous ESOPs represents 5.9 % of Capgemini SE’s share capital.

  • GlobeNewswire

    Aiman Ezzat: next Chief Executive Officer of Capgemini

    Paris, September 16 2019 / 19.00CET – As part of the internal managerial transition process initiated in 2017 by Paul Hermelin, Chairman and CEO, the Board of Directors of Capgemini SE, meeting today, chose Aiman Ezzat, currently Chief Operating Officer, to succeed Paul Hermelin as CEO after the General Meeting of Shareholders scheduled for May 20, 2020.

  • Capgemini appoints Eileen Sweeney as North American leader of manufacturing, automotive and life sciences sectors
    PR Newswire

    Capgemini appoints Eileen Sweeney as North American leader of manufacturing, automotive and life sciences sectors

    NEW YORK, Sept. 12, 2019 /PRNewswire/ -- Capgemini announced that Eileen Sweeney has been named an Executive Vice President and Director for Manufacturing, Automotive and Life Sciences (MALS) in North America. The market unit includes discrete manufacturers like automotive OEM's (original equipment manufacturers) and suppliers, aerospace and defense companies, and pharmaceutical and medical device manufacturers. Sweeney has more than 25 years of experience in commercial sales, operations, product and solution development, and marketing experience across the manufacturing and aerospace sectors.

  • Should You Care About Capgemini SE’s (EPA:CAP) Investment Potential?
    Simply Wall St.

    Should You Care About Capgemini SE’s (EPA:CAP) Investment Potential?

    Today we are going to look at Capgemini SE (EPA:CAP) to see whether it might be an attractive investment prospect...

  • GlobeNewswire

    Capgemini SE: Availability of the First Half 2019 Financial Report

    CAPGEMINISociété Européenne au capital de 1 338 349 840 eurosSiège social à : Paris (17ème) 11, rue de Tilsitt330 703 844 RCS Paris Paris, August 2, 2019. Capgemini.

  • Thomson Reuters StreetEvents

    Edited Transcript of CAP.PA earnings conference call or presentation 30-Jul-19 6:00am GMT

    Half Year 2019 Capgemini SE Earnings Call

  • Does Capgemini SE (EPA:CAP) Create Value For Shareholders?
    Simply Wall St.

    Does Capgemini SE (EPA:CAP) Create Value For Shareholders?

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

  • GlobeNewswire

    Capgemini maintains its growth momentum with strong progression of its first half 2019 results

    The Board of Directors of Capgemini SE, chaired by Paul Hermelin, convened on July 29, 2019, to review and authorize the issue of the accounts1 of Capgemini Group for the 1st half of 2019. Paul Hermelin, Chairman and Chief Executive Officer of Capgemini Group, comments: “We are demonstrating our ability to deliver continuously a strong increase in earnings, with growth in both revenue and profitability.

  • GlobeNewswire

    Capgemini reinforces its energy and utilities capabilities in Germany with the acquisition of KONEXUS Consulting

    Capgemini announced today the signing of an agreement to acquire KONEXUS Consulting, the leading strategy and management consultancy for the energy industry in the German market. By becoming part of Capgemini Invent, the digital innovation, consulting and transformation brand of the Capgemini Group, this acquisition will help to further meet growing demand from energy and utilities clients for strategy and transformation services in Germany and Central Europe.

  • Reuters

    Elliott does not intend to tender Altran shares in Capgemini bid - AMF filing

    U.S. activist fund Elliott does not intend to tender shares it could end up owning in consultancy group Altran Technologies, the target of a takeover bid by Capgemini, according to a regulatory filing on Friday. Consultancy firm Capgemini agreed to buy smaller rival Altran for 3.6 billion euros last month o tap into the fast-growing engineering outsourcing services market. Elliott has bought millions of equity derivatives, according to a filing with French markets watchdog AMF, but does not directly own shares in Altran yet.

  • GlobeNewswire

    Capgemini holds 11.43% of Altran’s share capital

    Capgemini (Euronext Paris: CAP) reports that it holds 29,378,319 Altran shares (Altran Technologies - Euronext Paris: ALT) as of today following the settlement and delivery of the off-market acquisition of a block of shares from a group of shareholders led by Apax Partners1. This transaction is the result of the definite agreement to acquire this block, representing 11.43% of Altran's share capital, signed on 24 June 2019.

  • Should Capgemini SE's (EPA:CAP) Recent Earnings Decline Worry You?
    Simply Wall St.

    Should Capgemini SE's (EPA:CAP) Recent Earnings Decline Worry You?

    For long-term investors, assessing earnings trend over time and against industry benchmarks is more beneficial than...

  • Is Capgemini SE's (EPA:CAP) CEO Pay Justified?
    Simply Wall St.

    Is Capgemini SE's (EPA:CAP) CEO Pay Justified?

    In 2012 Paul Hermelin was appointed CEO of Capgemini SE (EPA:CAP). This report will, first, examine the CEO...

  • Moody's

    Octavia Holdco Inc. -- Moody's places Altran's ratings under review for upgrade following the proposed acquisition by Capgemini

    Moody's Investors Service ("Moody's") has today placed the ratings of Altran Technologies ("Altran"), a leading provider of engineering and research & development (ER&D) services, under review for upgrade namely the Ba2 corporate family rating (CFR), the Ba2-PD probability of default rating, and the Ba2 ratings on the senior secured credit facilities including the EUR250 million revolving credit facility and the EUR1,380 million term loan both issued by Altran Technologies, and the USD300 million term loan issued by US-based subsidiary Octavia Holdco Inc. The outlook has been changed to rating under review from negative. Today's action follows the announcement on 24 June 2019 that Altran and Capgemini have entered into exclusive discussions whereby Capgemini is to acquire Altran through a friendly takeover.

  • This $4 Billion Tech Deal Looks Like a Steal
    Bloomberg

    This $4 Billion Tech Deal Looks Like a Steal

    (Bloomberg Opinion) -- A bidder offers a 650 million-euro ($740 million) premium for a smaller rival and the stock market rewards it by raising its own market value by 1.3 billion euros. No prizes for guessing who got the better side of the deal in Capgemini SE’s agreement to by smaller French consulting peer Altran Technologies SA for 3.6 billion euros in cash. Altran shareholders should ask whether management got the best price.The acquisition makes strategic sense, adding engineering and R&D services to Capgemini’s core IT consulting offer. The buyer’s growth has been less impressive than that of peers lately, and sensible M&A offers the potential for a pick-up.Financially, the transaction looks good value for Capgemini. Altran’s shares collapsed last year after the group revealed a forgery in the Aricent business it acquired from KKR & Co. While the stock had recovered a lot prior to Capgemini’s deal, the damage wasn’t fully repaired. The takeover premium here is a humdrum 22% over Monday’s closing price and a more conventional 30% only when measured over the last three months’ average.A year ago, Altran implied it had the capacity to be generating nearly 600 million euros of operating profit in 2022. Add to that cost savings of around 85 million euros – the middle of the range Capgemini says is achievable – and the total 5 billion-euro investment (including assumed net debt) looks capable of earning a 9% post-tax return inside three years. That should be good enough for Capgemini shareholders. And revenue synergies would only lift this higher.True, this is a relatively large purchase for Capgemini, capitalized at 19 billion euros, so integration could be a distraction. The company’s leverage will shoot up, given the cash paid out to Altran’s shareholders and the target’s existing high leverage following the Aricent deal. But these additional risks are tolerable given the overall logic.As for Altran shareholders, they get an offer valuing the group roughly where Capgemini trades on forward earnings. The target doubtless feels the offer captures the value of its own strategic plan, otherwise it wouldn’t be recommending the transaction. Still, it looks like Capgemini could have afforded to pay more here.Altran shareholders will hope for a counterbid. Accenture may be tempted to look, although the target could be too big, and Capgemini already has backing from shareholders with 11% of the stock. The shares, trading just below the bid, aren’t pricing in a gatecrasher. It would take an activist and full-blown shareholder rebellion to force Capgemini higher.To contact the author of this story: Chris Hughes at chughes89@bloomberg.netTo contact the editor responsible for this story: Jennifer Ryan at jryan13@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or 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/opinion©2019 Bloomberg L.P.

  • Capgemini looks to industry's digital future with Altran deal
    Reuters

    Capgemini looks to industry's digital future with Altran deal

    Capgemini's shares surged on Tuesday on the back of the software and consultancy company's 3.6 billion euro ($4.1 billion) takeover of smaller rival Altran to create a group with more than 250,000 staff harnessing new technologies. Capgemini hopes to tap into the rising demand from customers for research and development outsourcing, and software and IT developments in industries ranging from telecoms to aerospace. "We are positioning ourselves as a clear strategic partner to assist our clients in taking full advantage of the revolution created by the developments of the cloud, Edge computing, IoT, artificial intelligence and 5G," said Capgemini Chief Executive Paul Hermelin.

  • Reuters

    UPDATE 2- European shares slip for third day, Capgemini-Altran deal buoys tech index

    European shares extended losses to a third day on Tuesday amid rising U.S.-Iranian tensions and anxiety over Sino-U.S. trade, but strong gains by Capgemini and Altran on a multi-billion-euro takeover deal helped cap losses. Sentiment remained shaky after three weeks of solid gains that have reclaimed almost all of a May sell-off, which generated European shares' worst monthly performance in more than two years. Already subdued in anticipation of headlines from Sino-U.S. trade talks expected over the weekend, sentiment took a further hit after U.S. President Donald Trump signed an executive order imposing sanctions on Iran's Supreme Leader and other top officials.

  • Capgemini Buys Altran for $4.1 Billion to Expand in Tech
    Bloomberg

    Capgemini Buys Altran for $4.1 Billion to Expand in Tech

    (Bloomberg) -- Capgemini SE said it will acquire Altran Technologies SA in a 3.6 billion-euro ($4.1 billion) deal in order to win more tech clients and keep up with rivals.Paris-based Capgemini is looking to maintain its position as a major IT consultancy in a consolidating industry, as competitors such as Accenture have been building out their sales from digital projects.Capgemini’s shares rose as much as 8% in early morning trading in Paris Tuesday, the most since October 2011. Altran rose 21% to 13.9 euros, trading just below the 14 euros-a-share offer price.Analysts broadly backed the deal. "We think this deal should bring strong value creation and provides scale that can help Capgemini close the valuation gap to larger rivals such as Accenture," said Neil Campling, analyst at Mirabaud.The 14 euros-a-share cash portion of the deal amounts to 3.6 billion euros excluding net debt of 1.4 billion euros, the companies said in a statement Monday. The offer is a 22% premium to Altran’s closing price on Friday.The proposal is a “positive step, as it looks to significantly expand into R&D and engineering, two areas becoming main growth drivers for IT-outsourcing companies,” said Anurag Rana, a Bloomberg Intelligence analyst. “The deal would enable Capgemini to compete more aggressively with Accenture, which generates more than 60% of sales from digital projects.”When combined Capgemini and Altran -- also based in Paris -- will be able to help clients in areas such as cloud computing, the internet of things, 5G, and artificial intelligence software, Capgemini Chief Executive Officer Paul Hermelin said in a statement.In an interview with Bloomberg TV, Hermelin added that Altran adds "beautiful accounts" such as Intel Corp, Cisco Systems Inc. and Microsoft Corp., but added that the group still needed to develop its business in Asia. The combination of the two companies will result in a group with 17 billion euros in annual revenue and more than 250,000 employees.Hermelin expressed confidence on a conference call Monday that there are no antitrust issues associated with the takeover since “the market is very fragmented.”Still, the companies’ businesses do overlap, as they provide some of the same services to similar industries. Capgemini expects the deal to boost earnings per share by 25% by 2023, from 15% before the transition is completed.(Updated with CEO interview.)To contact the reporters on this story: Nico Grant in San Francisco at ngrant20@bloomberg.net;Francois de Beaupuy in Paris at fdebeaupuy@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Molly Schuetz, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters

    European stocks hit by Iran tensions; M&A lifts tech

    European shares dipped early on Tuesday, as investors shied away from riskier assets in the face of a new round of U.S. sanctions against Iran and doubts over whether Washington and Beijing will make any progress on trade at a G20 summit this week. President Donald Trump targeted Supreme Leader Ayatollah Ali Khamenei and other top officials with sanctions on Monday and Tehran said the sanctions imposed on its top officials permanently closed the path to diplomacy between the countries. A U.S. official also said on Monday that Trump was "comfortable with any outcome" from talks with Chinese President Xi Jinping at the meetings beginning on Friday.

  • Reuters

    UPDATE 1-Consulting firm Capgemini to buy Altran for 3.6 bln euros

    French business consultancy firm Capgemini on Monday said it agreed to buy engineering and digital services company Altran for 3.6 billion euros ($4.10 billion)to tap into the fast-growing engineering outsourcing services market. With the acquisition, Capgemini said it hoped to respond to demand from its customers -- companies in industries ranging from telecom to aerospace -- to outsource engineers as well as research and development teams.