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Key indicators

Key Indicators
Unit  2015 2016
High Euro 41.48 43.90
Low Euro  30.00 25.87
Close Euro 30.90 43.39
Average daily volume of shares No. 9 912 26 214
Number of no-par shares (weighted) 36,503,896 36,503,896
Number of no-par shares at 31.12. 36,503,896 36,503,896
Market capitalization at 31.12.  Euro bn 1,13 1,58
Rank in SDAX by trading volume 49 32
Rank in SDAX by market capitalization 24 14
Dividend per share, in Euro 0.65 0.00
Dividend sum Euro m 23.7 0.0
Earnings per share Euro 1.01 -0.10
2.09 1) -3.85
 
Index
Prime Standard
Ticker GFK
ISIN DE0005875306
German securities code 587530
Currency EUR
Type ordinary shares / shares of no par value
Placement price 2) 15.42
First quotation on 23.9.99 2) 16.67
Designated Sponsors

ODDO BHF

Kepler Cheuvreux

ICF Wertpapierhandel

1) Without goodwill effect
2) After capital increase from company funds effective as of July 21th 2004 (Ratio 5:1)

Analyst ratings

GfK SE is covered by various German and international financial analysts. The most recent analyst consensus is given below.

This website may contain forward-looking statements based on current assumptions and forecasts made by GfK’s management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of GfK and the estimates given here. These factors include those discussed in GfK SE's public reports which are available on the GfK website at www.gfk.com. GfK assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

Consensus earnings estimates are based on earnings projections made by securities analysts who cover GfK. Any opinions, forecasts, estimates, projections or predictions regarding GfK's performance made by the analysts (and, therefore, the analyst consensus estimate numbers) are theirs alone and do not represent the opinions, forecasts, estimates, projections or predictions of GfK or its management. GfK SE does not by providing these estimates imply its endorsement of or concurrence with such information, conclusions or recommendations. GfK SE assumes no liability for the accuracy of such estimates and undertakes no obligation to update or revise such estimates.

Analyst Consensus 2016

Bank
Analyst Date Recommendation
Kepler Cheuvreux (France) Craig Abbott 31.01.2017 Accept Offer
LBBW Jürgen Graf 23.03.2017 Sell
Commerzbank Sonia Rabussier 09.12.2016 Reduce
HSBC (Germany) Olivier Moral 15.03.2017Hold
Deutsche Bank Benjamin Kohnke 14.03.2017 Hold
NATIXIS Securities (France) Pavel Govciyan 14.03.2017 Present shares
Citigroup (USA) Catherine O'Neill 13.02.2017 Neutral
Tom Singlehurst
Societe Generale (France)Jean-Michel Belanger 18.10.2016 Hold
Hauck & Aufhäuser (Germany) Christian Schwenkenbecher 09.12.2016 Sell
Bankhaus  Lampe (Germany) Christoph Schlienkamp   13.02.2017 Hold
Exane BNP Paribas (France) Jean-Christophe Liaubet 14.11.2016 Neutral

Dividend development

At the Annual General Meeting on May 20, 2016, the Supervisory Board and Management Board of GfK SE decided on a dividend pay-out of EUR 0.65 per share for the 2015 financial year. A graphic with the dividend development is available to download.

Dividend development

Dividend development since IPO

YearDividend per non-par share in EURTotal income in EUR millionTotal dividend payout in EUR millionPay out ratio in % (1)
20160.00*-136.50.00.0
20150.6540.723.729.6
20140.6519.423.730.1
20130.65-42.123.732.7 (3)
20120.6564.423.737.0
20110.6588.123.726.9
20100.4884.017.420.7
20090.3060.510.817.9
20080.4682.016.520.1
20070.4578.9 (2)16.120.4
20060.3671.212.817.9
20050.3367.511.617.2
20040.3053.19.417.7
20030.2133.16.519.5
20020.1725.75.220.2
20010.14-4.74.4---
20000.1322.93.917.0
19990.118.73.439.1

* proposed
(1) Total dividend in relation to total income, rounded
(2) Adjusted by the effects of the settlement with UBM
(3) Ratio w/o Goodwill Impairment

Shareholder structure

With a 96.7% stake, Acceleratio Capital N.V. is the largest shareholder. The free float is 3.3% (figures rounded). 

Shareholder structure 

 

Initial public offering

After its was founded in 1934, GfK grew rapidly and came to the point where organizational change was needed, to give structure to the expanding organization.

By 1984, the market research operation within GfK had detached from the rest of the organization and became a new limited liability company, GfK GmbH. The intention was eventually to become a joint stock company, but, at this time, it was quicker to form a limited company first.

On 23 January 1990, GfK GmbH achieved its aim to become a joint stock company, GfK SE. And, in 1995, the Supervisory Board set it on the path towards a stock exchange launch.

In 1998, Klaus L. Wübbenhorst took on the role of Management Board spokesman and then CEO. It was under his leadership that the final stages of preparation for a stock exchange launch were reached.

On 23 September 1999 at 9:09 a.m., GfK shares were listed on the Frankfurt Stock Exchange for the first time. It was launched a price of EUR 20.00 per share, which was EUR 1.50 more than the subscription price. In the words of the CEO, a "new era" had begun for GfK, with the stock exchange launch coming just in time for the new millennium and laying a path for the company to achieve its ambitious aims. Since then, much has happened.

Important facts and figures about the IPO

Security Identification Number587 530
Identification codeGFK
Classno-par ordinary shares
SegmentOfficial Trading
Frankfurt Stock Exchange
ConsortiumDeutsche Bank (Lead)
Warburg Dillon Read (Lead)
Bayerische Landesbank Girozentrale
Dresdner Bank
SchmidtBank
Issue volume5 million new ordinary shares from capital increase (thereof 652,174 green shoe) and 1,075,883 from shareholders
Placement structurePublic Offering in Germany
Private Placement in Europe
Private Placement in USA
(Rule 144a)
Announcement price range14 September 1999
Book building14 to 21 September 1999
Announcement of placement price22 September
First trading23 September 1999
Former price rangeEuro 15.50 to 18.50
Former placement price (1)Euro 18.50
Former first quote (2)Euro 20.00
Capital stockEuro 66,416,348.16
(25,943,886 ordinary shares)
Common stockEuro 66,416,348.16
Entitlement to dividendFully entitled
Shareholder structure after IPOGfK-Nürnberg e.V. 63.8%
ATAG 2.3%
Management 10.6%
Free float 23.3%

(1) Adjusted placement price after capital transactions 15.41
(2) Adjusted first quote after capital transactions 16.66

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