CAP.PA - Capgemini SE

Paris - Paris Delayed Price. Currency in EUR
104.25
-1.80 (-1.70%)
At close: 5:35PM CET
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Previous Close106.05
Open105.55
BidN/A x N/A
AskN/A x N/A
Day's Range103.95 - 105.70
52 Week Range79.80 - 118.00
Volume474,121
Avg. Volume473,518
Market Cap17B
Beta (3Y Monthly)0.99
PE Ratio (TTM)22.22
EPS (TTM)4.69
Earnings DateFeb 13, 2020
Forward Dividend & Yield1.70 (1.60%)
Ex-Dividend Date2019-06-05
1y Target Est125.06
  • Has Capgemini SE (EPA:CAP) Improved Earnings Growth In Recent Times?
    Simply Wall St.

    Has Capgemini SE (EPA:CAP) Improved Earnings Growth In Recent Times?

    When Capgemini SE (ENXTPA:CAP) released its most recent earnings update (30 June 2019), I compared it against two...

  • GlobeNewswire

    Capgemini SE: Declaration of the number of shares and voting rights

    CAPGEMINISociété Européenne (European Company) with share capital of €1,332,763,992Registered office at 11, rue de Tilsitt, 75017 Paris (France)330 703 844 RCS Paris Paris,.

  • GlobeNewswire

    Capgemini is selected by Bayer as a core strategic partner to transform its IT landscape

    Capgemini today announced a six-year agreement with Bayer AG, the German global enterprise with core competencies in the Life Science fields of health care and agriculture, to transform its IT landscape and to further accelerate the digitalization of the organization. As part of the new agreement, Capgemini will deliver a wide range of transformational services, including Bayer’s IT infrastructure Cloud transformation; run Enterprise Resource Planning (ERP) and Business Intelligence/Analytics domains management and transformation, as well as the Service Integration of Bayer’s entire new supplier eco-system.

  • Bloomberg

    Elliott Calls Capgemini’s $4 Billion Altran Bid Too Low

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Activist investor Elliott Management Corp. said that Capgemini SE’s offer for Altran Technologies SA is inadequate and called the sales process flawed.Elliott, which has built up a position of more than 10% in Altran, believes that a fair value for the company is more than 20 euros a share, based on analysts’ estimates for the company’s future earnings, it said in a statement on Wednesday. The firm had said in an earlier filing that Capgemini’s current offer of 14-euros-a-share, or 3.6 billion euros ($4 billion) excluding debt, undervalues the company.“Altran shareholders are offered an inadequate premium to forgo the company’s promising standalone prospects, despite the huge value-creation potential of the combination,’’ Elliott said in the statement.Altran shares rose 0.2% to 14.07 euros at 10:25 a.m. in Paris. The stock’s gained about 23% since Capgemini’s offer in June.Capgemini’s incoming CEO Aiman Ezzat said at the Morgan Stanley European Technology, Media & Telecom Conference in Barcelona this month that the company’s bid for Altran isn’t going up. The deal was supposed to close this year, but has likely been delayed until 2020 after a shareholder lobby raised objections in a French court.A spokesman for Capgemini said the company doesn’t have any further comment. A spokeswoman for Altran said that they’ve been in touch with Elliott and is aware of its concerns, and that the company believes that the sales process has followed regulations.Read more about the shareholder lawsuit here.The Altran deal will help address an engineering shortage in Europe and the U.S. that’s left tech companies short on employees, Ezzat said. 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’s current CEO Paul Hermelin said in a statement in June when the deal was announced.“There’s much more demand for engineers than there is capacity in the western world,” Ezzat said in Barcelona. “There’s no alternative unless we find a way to automate all the engineering work.”The deal announced in June requires that 50.1% of Altran shares be tendered for the transaction to proceed. Under French law, Capgemini would need 90% of shares to squeeze out the minority holders, making Elliott raising its stake to more than 10% a pivotal consideration.(Updates with Elliott quote in third paragraph. A previous version corrected the timing of an earlier Elliott statement.)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, Amy ThomsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Hedge fund Elliott keeps up pressure on Capgemini for higher Altran offer
    Reuters

    Hedge fund Elliott keeps up pressure on Capgemini for higher Altran offer

    Activist hedge fund Elliott tried again to squeeze a higher offer from France's Capgemini for rival Altran, saying why it thought the offer undervalued the company in which the fund manager holds a stake. Elliott has built up a stake of just over 10% in Altran through equity derivatives. It has already said it thought software consultancy Capgemini's 14 euro per share, or 3.6 billion-euro ($4 billion) bid for rival Altran, was too low.

  • Capgemini will not be pressured into higher Altran bid, CEO says
    Reuters

    Capgemini will not be pressured into higher Altran bid, CEO says

    Software company Capgemini will stick to its bid of 14 euros ($15.43) per share for smaller rival Altran, its chief executive told Reuters, as it tries to fend off pressure from activist hedge fund Elliott for a higher offer. Elliott, which made waves in France last year when it revealed a stake in drinks maker Pernod Ricard, has since built a holding of more than 10% in Altran, regulatory filings show. It has also said Capgemini's 3.6 billion-euro bid from June this year undervalued Altran.

  • Capgemini extends its strategic initiative with Amazon Web Services to North America
    PR Newswire

    Capgemini extends its strategic initiative with Amazon Web Services to North America

    Capgemini has expanded its strategic initiative with Amazon Web Services (AWS) to North America to further meet the needs of customers by focusing on mass application migrations, cloud native development, cloud application modernization, artificial intelligence (AI), machine learning (ML) and managed services. First launched in Europe last year, Capgemini and AWS are further collaborating with a focus on extra personnel and broader technical training to help North American clients drive improvements in their business performance and make digital business a reality.

  • Under 35s set to lead festive spending spree with a focus on new technologies, delivery methods and environmentally friendly products
    PR Newswire

    Under 35s set to lead festive spending spree with a focus on new technologies, delivery methods and environmentally friendly products

    New research from Capgemini shows that 40% of those aged 18-34 are set to spend more on their holiday shopping in 2019 than last year, compared to an overall average of 28% for all age groups. While quality, cost and convenience continue to drive the majority of purchasing decisions, retailers are under increased pressure to adopt new strategies to appeal to younger shoppers.

  • Capgemini appoints Elfije Lemaitre as North American energy practice lead
    PR Newswire

    Capgemini appoints Elfije Lemaitre as North American energy practice lead

    NEW YORK, Nov. 21, 2019 /PRNewswire/ -- Capgemini has named Elfije Lemaitre as Head of its North American energy practice. Lemaitre has deep experience leading transformation programs for energy and petrochemical companies.

  • A Look At The Fair Value Of Capgemini SE (EPA:CAP)
    Simply Wall St.

    A Look At The Fair Value Of Capgemini SE (EPA:CAP)

    Does the November share price for Capgemini SE (EPA:CAP) reflect what it's really worth? Today, we will estimate the...

  • Capgemini's $4 Billion French Deal Is Too Cheap
    Bloomberg

    Capgemini's $4 Billion French Deal Is Too Cheap

    (Bloomberg Opinion) -- It’s not quite a stitch-up — you’d need the state to be a big shareholder for that to apply. But the 3.6 billion euro ($4 billion) takeover of tech consultancy Altran Technologies SA by domestic peer Capgemini SE looks like an attempt to build a French champion without giving the target’s shareholders a good price. With activist-in-chief Elliott Management Corp. siding with minority investors, there are principled and self-interested reasons for Capgemini to increase its offer.The takeover would strengthen the buyer’s consulting business and give financially stretched Altran a robust parent. The market sees big benefits. Capgemini’s then 17 billion-euro market value gained 10% in the weeks after the deal was agreed in June, despite it proposing to pay a premium worth 650 million euros. Shareholders were relieved that Capgemini wasn’t doing something stupid with its strong balance sheet. But the market reaction gave away that the savings and revenue opportunities from a deal were probably higher than stated and that their value would be taken chiefly by the buyer.Altran’s justification for backing the 14 euros-a-share offer is that it contained the full value of what it would be doing if it remained independent. A retrospective fairness opinion assessed that the company was worth between 12 euros and 13.70 euros per share. The sector has weakened more recently, seemingly making the offer even more attractive.Nevertheless, it’s not difficult to imagine the shares exceeding the offer price under their own steam. Altran’s earnings targets imply it will make 580 million euros of operating profit in 2022. If that outcome was still in sight in 2021, the company would have an enterprise value of 6.4 billion euros when using the operating profit multiple that it commanded before news of the Capgemini deal emerged. Deduct an estimated 1.4 billion euros for net debt and other liabilities, adjust for time, and the equity is then worth 4.4 billion euros, or 17 euros a share.Even if Altran shareholders worry — like some analysts — that the 2022 plan won’t fully deliver, they still deserve a bigger slice of the deal’s upside.Altran’s credibility in backing the deal was weakened by the revelation that its chief executive officer Dominique Cerutti had a bonus tied to former lead shareholder Apax Partners SAS exiting its stake. The deal has facilitated that outcome: The private equity firm recently sold to Capgemini. Cerutti rightly recused himself from the last of several board votes on the transaction, and he gets a top-up bonus if there’s a higher bid (aligning him with the remaining shareholders). However, the value of his payout hasn’t been disclosed, raising questions about whether his incentives were skewed toward one shareholder, Apax, that was keen to sell.This wouldn’t matter so much if it was easy for a counterbidder to step in. But foreign gatecrashers may be wary of breaking up an all-French deal. Activist investors have no such fears. Colette Neuville, a regular defender of French minority shareholders, is delaying the deal with a court action. Hedge fund Elliott has built a 10% Altran stake, saying in a filing that the Capgemini offer undervalues the business.A sweetener is affordable, and Altran holders deserve it. For Capgemini, a bump might pay for itself by getting the deal back on a shorter, more predictable timetable.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 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.

  • 14 West selects Capgemini for cloud transformation with NetSuite to help increase efficiency and financial visibility
    PR Newswire

    14 West selects Capgemini for cloud transformation with NetSuite to help increase efficiency and financial visibility

    NEW YORK, Nov. 4, 2019 /PRNewswire/ -- Capgemini (CAP.PA) today announced a major implementation with 14 West, the U.S. business services arm of The Agora Companies, a consortium of more than 40 privately owned media companies around the world. Over the next five months, Capgemini will help 14 West migrate its on-premise enterprise resource planning (ERP) system to the cloud. With NetSuite, 14 West will leverage an integrated suite of cloud applications to support its U.S. clients within one financial management system.

  • If You Had Bought Capgemini (EPA:CAP) Shares Five Years Ago You'd Have Made 93%
    Simply Wall St.

    If You Had Bought Capgemini (EPA:CAP) Shares Five Years Ago You'd Have Made 93%

    When we invest, we're generally looking for stocks that outperform the market average. And the truth is, you can make...

  • GlobeNewswire

    Capgemini posts Q3 growth of 5.9%

    Capgemini Group achieved consolidated revenues of €3,468 million in Q3 2019, up 7.4% year-on-year at current exchange rates and 5.9% year-on-year at constant exchange rates*. Paul Hermelin, Chairman and Chief Executive Officer of Capgemini Group commented: “The momentum observed since the beginning of the year continued in Q3.

  • GlobeNewswire

    Capgemini receives antitrust clearance from European Commission for its proposed acquisition of Altran

    Capgemini (Euronext Paris: CAP) today announced that it has received antitrust clearance from the European Commission for its proposed acquisition of Altran (Euronext Paris: ALT). Capgemini has now obtained all the required regulatory clearances, including from the Committee on Foreign Investment in the United States (CFIUS), and from the antitrust authorities in India, the United States, Morocco and now the European Commission.

  • Asian Tech Icon Flirts With Crisis After Whistle-Blowers Attack CEO
    Bloomberg

    Asian Tech Icon Flirts With Crisis After Whistle-Blowers Attack CEO

    (Bloomberg) -- The dust had barely settled at Infosys Ltd. when Asia’s No. 2 software services firm once more found itself grappling with a potential leadership crisis.For the second time in about as many years, the Indian icon synonymous with the country’s technological ascendancy is being forced to answer accusations of impropriety. In the most recent of a stream of grievances aired anonymously over past years, whistle-blowers accused Chief Executive Officer Salil Parekh of instigating employees to inflate profits, mis-represent the lucrativeness of deals, even of abusing travel privileges. In a memo reproduced in local newspapers, Parekh’s accusers offered emails and recordings to back up their claims.Little evidence of wrong-doing has emerged publicly so far. Infosys pledged a full investigation Tuesday, while Parekh himself has remained silent. Yet investors blind-sided by the sheer volume of the charges wiped more than $7 billion off the company’s market value in a single day. They may still be smarting from 2017, when internal upheaval eventually sparked an ouster of the popular Vishal Sikka, paving the way for Parekh’s ascension and a board reshuffle.“The allegations appear serious and reputation is such a fragile thing,” said Harish Bijoor, a Bangalore-based brand consultant. “It is very unfortunate but this type of thing besmirches a company’s reputation in the eyes of employees, investors and clients.”The Indian government is closely monitoring the issue but it’s too early to initiate a probe of the company, an official told reporters in New Delhi, asking not to be identified citing rules.Read more: Infosys Dives Most in 6 Years as Whistle-Blowers Target CEOThe events unfolding in Infosys’s home-town of Bangalore, the nation’s tech capital, bear a resemblance to those of 2017 that brought down the tech giant’s leadership. Two summers ago, a similar whistle-blower complaint alleged irregularities in a $200 million acquisition, setting off a chain of events that culminated in a vicious face-off with co-founder Narayana Murthy and Sikka’s removal. The accusations against him were never proven.Sikka and Parekh, a former Capgemini SE executive, were the first outside professionals brought in to run the 38-year-old company, after several decades of co-founders taking turns to occupy the CEO’s office. Infosys’s shares have gained 50% since Parekh took the helm in January 2018, versus roughly 20% over Sikka’s three-year term. And the company’s revenue grew about 25% during both their tenures.Yet the number of whistle-blower complaints spiked during Sikka’s and Parekh’s reigns, covering a plethora of topics. None spooked markets quite as much as the latest missive published in the Deccan Herald on Monday. The company is now taking the right steps, auditing the whistle-blowers’ letters and appointing a third-party investigator, said Sanchit Vir Gogia, chief executive officer of Singapore-based Greyhound Research.“The CEO has a difficult task at hand coming after the sudden exit of his predecessor, managing founder and investor expectations and operating in a difficult business environment,” he said. “The world over, companies take a ton of short cuts to look good in front of investors and analysts.”Infosys May Need Some Private Time to Fix Itself: Andy MukherjeeThe brewing crisis around Infosys is far from the only one to hit corporate India of late. State-run lender Punjab National Bank disclosed fraud, for instance, part of a series of scandals to hit the financial industry.Infosys itself can ill-afford the distraction. It’s grappling with fundamental changes in the software outsourcing industry, where younger rivals are snatching away contracts with newer technologies, and clients are moving away from the paid-by-the-hour outsourcing work that Infosys and rival Tata Consultancy Services Ltd. specialized in.At Infosys, revenue growth slowed to single-digit percentages, while operating margins shrank. That marked the end of an era when its co-founders delivered stellar performances quarter after quarter, endearing the stock to investors. Fresh-out-of-college engineers compared a job offer from Infosys to winning the lottery.This month, Infosys posted a 2% fall in quarterly profit after nervous clients held off on spending and growth in traditional service contracts stalled. That underscored the challenge for Parekh, who has pledged to drive growth.Both he and Sikka have stressed investments in innovation, digital services and re-training employees in latest technologies such as automation and artificial intelligence. “To build the future Infosys, we have to make those investments now,” Parekh, who has a reputation for being calm and understated, told Bloomberg in an interview last year.It could be days or weeks before evidence is gathered and the investigation concludes. Until then, the allegations cast a shadow over Infosys’s management. And it’s likely that the urgent task of addressing broader business challenges will take a backseat to the public drama for now.“There’s a lot of emotion around everything that happens at Infosys,” Greyhound’s Gogia said. “While I would wait for the investigation before passing a verdict on the anonymous charges, this episode does make things tougher for Infosys.”(Updates with government official’s comments from the fifth paragraph.)To contact the reporter on this story: Saritha Rai in Bangalore at srai33@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, ;Arijit Ghosh at aghosh@bloomberg.net, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Infosys Dives Most in Two Years As Whistle-Blowers Target CEO
    Bloomberg

    Infosys Dives Most in Two Years As Whistle-Blowers Target CEO

    (Bloomberg) -- Infosys Ltd.’s shares plunged to a 10-month low after whistle-blowers accused Chief Executive Officer Salil Parekh of leading an effort to shore up profits through irregular accounting, turning up the heat on an IT services giant that endured internal turmoil just two years ago.The stock fell as much as 16% Tuesday, wiping out 2019’s gains via its biggest intraday fall since April 2013. The letter, addressed to the board and published by the Deccan Herald, charged Parekh with “unethical practices” to boost revenues and profit in recent quarters, anonymous whistle-blowers wrote in a memo titled “Disturbing unethical practices.” The whistle-blowers also said recent big deal wins may have come with negligible margins. They asked the board to investigate and take action, offering to provide emails and voice recordings to support their allegations.Chairman and co-founder Nandan Nilekani pledged a full investigation, saying the allegations had gone before the company’s Audit Committee. The memo dated Sept. 20 was the latest in a series of whistle-blower complaints that wrought havoc at Asia’s second most valuable IT services firm, triggering the exit of previous CEO Vishal Sikka after a confrontation with co-founder Narayana Murthy. The company, a symbol of India’s technological boom, had gained more than 15% of market value this year as it stabilized the business with a transition toward automation.The allegations “could severely damage the company’s pristine brand if true, especially in the IT services industry,” Bloomberg Intelligence analyst Anurag Rana wrote. “It could also hurt short-term sales, as clients may look for other providers for newer projects.”Infosys May Need Some Private Time to Fix Itself: Andy MukherjeeRead more: Infosys Profit Slides After Companies Skimped on SpendingNilekani had only just proclaimed last year that Infosys had become “boring again.” The allegations come as Infosys and larger rival Tata Consultancy Services Ltd., which build software and provide services to some of the world’s largest banks and retailers, navigate an increasingly difficult business environment. The industry is grappling with a trend toward automation and rapid technology changes.This month, Infosys posted a 2% fall in quarterly profit after nervous clients held off on spending and growth in traditional service contracts stalled. That underscored the challenge for Parekh, who has pledged to drive growth in digital services, re-energize core offerings, re-skill employees and hire locally in a key U.S. market where a tightening H-1B visa regime is making it more difficult to import labor. Tata Consultancy also posted earnings that lagged projections.“The newsflow around this may dominate investor attention in the near term and could continue to support the shift toward TCS,” Emkay analyst Manik Taneja wrote.Read more: Whistle-Blowers Allegations to Shrink Infosys Valuation PremiumThe IT services giant itself has undergone internal upheaval in the recent past. The memo emerged days after the departure of former deputy chief financial officer, Jayesh Sanghrajka.Parekh, a former Capgemini SE executive, was named to the helm in 2017 after a very public battle between his predecessor and the company’s founders, who objected to Sikka’s strategy and compensation. At the time, Sikka quit over what he described as “a continuous drumbeat of allegations” over management and corporate governance. The share price tumbled, wiping out billions of dollars in investor wealth.Read more: ‘Stay Calm, Don’t Panic’ CEO Aims to Steady Troubled InfosysAfter the drama, which Chairman Nilekani had described as reaching “reality TV” like proportions, the more low-key Parekh was regarded as an apt choice to lead the company. He is only the second outsider, after Sikka, to take the top job at the four-decade-old Infosys where its co-founders -- middle-class Indian engineers who started it with 10,000 rupees ($140) -- typically revolved through the CEO’s office.“The whistle-blower complaint has been placed before the Audit Committee as per the company’s practice and will be dealt with in accordance with the company’s whistle-blowers policy,” Infosys said in an emailed statement on Monday.(Updates with shares from the second paragraph)\--With assistance from Debjit Chakraborty, Abhay Singh and Devidutta Tripathy.To contact the reporter on this story: Saritha Rai in Bangalore at srai33@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, ;Arijit Ghosh at aghosh@bloomberg.net, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.