Intrinsic value of CGI Group Cl A - GIB

Previous Close

$58.86

  Intrinsic Value

$64.33

stock screener

  Rating & Target

hold

+9%

Previous close

$58.86

 
Intrinsic value

$64.33

 
Up/down potential

+9%

 
Rating

hold

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of GIB stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

Please visit our new site that uses elements of artificial intelligence for stock valuation: artificial intelligence value of CGI Group Cl A (GIB) stock.

STOCK VALUATION INPUT DATA

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2017(a)
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  1.52
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  8,027
  8,188
  8,376
  8,591
  8,833
  9,101
  9,394
  9,714
  10,061
  10,434
  10,834
  11,263
  11,720
  12,206
  12,724
  13,272
  13,854
  14,470
  15,121
  15,809
  16,535
  17,302
  18,110
  18,962
  19,860
  20,805
  21,800
  22,848
  23,951
  25,111
  26,331
Variable operating expenses, $m
 
  7,064
  7,214
  7,386
  7,579
  7,793
  8,028
  8,283
  8,560
  8,858
  9,178
  8,998
  9,363
  9,752
  10,165
  10,603
  11,068
  11,560
  12,080
  12,630
  13,210
  13,822
  14,468
  15,149
  15,866
  16,621
  17,417
  18,254
  19,134
  20,061
  21,036
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  6,978
  7,064
  7,214
  7,386
  7,579
  7,793
  8,028
  8,283
  8,560
  8,858
  9,178
  8,998
  9,363
  9,752
  10,165
  10,603
  11,068
  11,560
  12,080
  12,630
  13,210
  13,822
  14,468
  15,149
  15,866
  16,621
  17,417
  18,254
  19,134
  20,061
  21,036
Operating income, $m
  1,049
  1,124
  1,162
  1,205
  1,254
  1,308
  1,367
  1,431
  1,501
  1,576
  1,656
  2,265
  2,357
  2,455
  2,559
  2,669
  2,786
  2,910
  3,041
  3,179
  3,325
  3,479
  3,642
  3,813
  3,994
  4,184
  4,384
  4,595
  4,816
  5,050
  5,295
EBITDA, $m
  1,328
  1,687
  1,725
  1,770
  1,820
  1,875
  1,935
  2,001
  2,072
  2,149
  2,232
  2,320
  2,414
  2,515
  2,621
  2,734
  2,854
  2,981
  3,115
  3,257
  3,406
  3,564
  3,731
  3,906
  4,091
  4,286
  4,491
  4,707
  4,934
  5,173
  5,424
Interest expense (income), $m
  58
  54
  57
  61
  65
  70
  75
  81
  87
  94
  101
  109
  118
  127
  136
  146
  157
  169
  181
  194
  207
  221
  236
  252
  269
  287
  305
  325
  345
  367
  390
Earnings before tax, $m
  1,049
  1,070
  1,104
  1,144
  1,188
  1,238
  1,291
  1,350
  1,413
  1,482
  1,555
  2,155
  2,239
  2,328
  2,422
  2,523
  2,629
  2,741
  2,860
  2,985
  3,118
  3,258
  3,405
  3,561
  3,725
  3,897
  4,079
  4,270
  4,471
  4,682
  4,905
Tax expense, $m
  283
  289
  298
  309
  321
  334
  349
  364
  382
  400
  420
  582
  605
  629
  654
  681
  710
  740
  772
  806
  842
  880
  919
  961
  1,006
  1,052
  1,101
  1,153
  1,207
  1,264
  1,324
Net income, $m
  766
  781
  806
  835
  868
  903
  943
  985
  1,032
  1,082
  1,135
  1,573
  1,634
  1,699
  1,768
  1,841
  1,919
  2,001
  2,088
  2,179
  2,276
  2,378
  2,486
  2,599
  2,719
  2,845
  2,977
  3,117
  3,264
  3,418
  3,581

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  123
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  8,435
  8,476
  8,671
  8,893
  9,144
  9,421
  9,725
  10,056
  10,415
  10,801
  11,216
  11,659
  12,132
  12,636
  13,171
  13,740
  14,342
  14,979
  15,653
  16,365
  17,117
  17,911
  18,747
  19,629
  20,559
  21,537
  22,568
  23,652
  24,794
  25,995
  27,258
Adjusted assets (=assets-cash), $m
  8,312
  8,476
  8,671
  8,893
  9,144
  9,421
  9,725
  10,056
  10,415
  10,801
  11,216
  11,659
  12,132
  12,636
  13,171
  13,740
  14,342
  14,979
  15,653
  16,365
  17,117
  17,911
  18,747
  19,629
  20,559
  21,537
  22,568
  23,652
  24,794
  25,995
  27,258
Revenue / Adjusted assets
  0.966
  0.966
  0.966
  0.966
  0.966
  0.966
  0.966
  0.966
  0.966
  0.966
  0.966
  0.966
  0.966
  0.966
  0.966
  0.966
  0.966
  0.966
  0.966
  0.966
  0.966
  0.966
  0.966
  0.966
  0.966
  0.966
  0.966
  0.966
  0.966
  0.966
  0.966
Average production assets, $m
  847
  868
  888
  911
  936
  965
  996
  1,030
  1,066
  1,106
  1,148
  1,194
  1,242
  1,294
  1,349
  1,407
  1,469
  1,534
  1,603
  1,676
  1,753
  1,834
  1,920
  2,010
  2,105
  2,205
  2,311
  2,422
  2,539
  2,662
  2,791
Working capital, $m
  119
  90
  92
  95
  97
  100
  103
  107
  111
  115
  119
  124
  129
  134
  140
  146
  152
  159
  166
  174
  182
  190
  199
  209
  218
  229
  240
  251
  263
  276
  290
Total debt, $m
  1,378
  1,365
  1,453
  1,554
  1,667
  1,792
  1,930
  2,079
  2,241
  2,416
  2,603
  2,804
  3,018
  3,245
  3,487
  3,744
  4,016
  4,305
  4,609
  4,931
  5,271
  5,630
  6,008
  6,406
  6,826
  7,269
  7,735
  8,225
  8,741
  9,284
  9,854
Total liabilities, $m
  3,844
  3,831
  3,919
  4,020
  4,133
  4,258
  4,396
  4,545
  4,707
  4,882
  5,069
  5,270
  5,484
  5,711
  5,953
  6,210
  6,482
  6,771
  7,075
  7,397
  7,737
  8,096
  8,474
  8,872
  9,292
  9,735
  10,201
  10,691
  11,207
  11,750
  12,320
Total equity, $m
  4,591
  4,645
  4,752
  4,874
  5,011
  5,163
  5,329
  5,511
  5,707
  5,919
  6,146
  6,389
  6,648
  6,925
  7,218
  7,529
  7,859
  8,209
  8,578
  8,968
  9,380
  9,815
  10,274
  10,757
  11,266
  11,802
  12,367
  12,962
  13,587
  14,245
  14,937
Total liabilities and equity, $m
  8,435
  8,476
  8,671
  8,894
  9,144
  9,421
  9,725
  10,056
  10,414
  10,801
  11,215
  11,659
  12,132
  12,636
  13,171
  13,739
  14,341
  14,980
  15,653
  16,365
  17,117
  17,911
  18,748
  19,629
  20,558
  21,537
  22,568
  23,653
  24,794
  25,995
  27,257
Debt-to-equity ratio
  0.300
  0.290
  0.310
  0.320
  0.330
  0.350
  0.360
  0.380
  0.390
  0.410
  0.420
  0.440
  0.450
  0.470
  0.480
  0.500
  0.510
  0.520
  0.540
  0.550
  0.560
  0.570
  0.580
  0.600
  0.610
  0.620
  0.630
  0.630
  0.640
  0.650
  0.660
Adjusted equity ratio
  0.538
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  766
  781
  806
  835
  868
  903
  943
  985
  1,032
  1,082
  1,135
  1,573
  1,634
  1,699
  1,768
  1,841
  1,919
  2,001
  2,088
  2,179
  2,276
  2,378
  2,486
  2,599
  2,719
  2,845
  2,977
  3,117
  3,264
  3,418
  3,581
Depreciation, amort., depletion, $m
  279
  563
  564
  565
  566
  567
  569
  570
  572
  574
  576
  55
  58
  60
  62
  65
  68
  71
  74
  78
  81
  85
  89
  93
  97
  102
  107
  112
  118
  123
  129
Funds from operations, $m
  898
  1,344
  1,370
  1,400
  1,433
  1,471
  1,511
  1,556
  1,604
  1,655
  1,711
  1,629
  1,692
  1,759
  1,831
  1,907
  1,987
  2,072
  2,162
  2,257
  2,357
  2,463
  2,575
  2,692
  2,816
  2,947
  3,084
  3,229
  3,381
  3,541
  3,710
Change in working capital, $m
  -108
  2
  2
  2
  3
  3
  3
  4
  4
  4
  4
  5
  5
  5
  6
  6
  6
  7
  7
  8
  8
  8
  9
  9
  10
  10
  11
  12
  12
  13
  13
Cash from operations, $m
  1,006
  1,342
  1,368
  1,397
  1,431
  1,468
  1,508
  1,552
  1,600
  1,651
  1,706
  1,624
  1,687
  1,754
  1,825
  1,901
  1,981
  2,065
  2,155
  2,249
  2,349
  2,455
  2,566
  2,683
  2,807
  2,937
  3,073
  3,218
  3,369
  3,529
  3,696
Maintenance CAPEX, $m
  0
  -39
  -40
  -41
  -42
  -43
  -45
  -46
  -48
  -49
  -51
  -53
  -55
  -58
  -60
  -62
  -65
  -68
  -71
  -74
  -78
  -81
  -85
  -89
  -93
  -97
  -102
  -107
  -112
  -118
  -123
New CAPEX, $m
  -233
  -21
  -20
  -23
  -26
  -28
  -31
  -34
  -37
  -40
  -42
  -45
  -48
  -52
  -55
  -58
  -62
  -65
  -69
  -73
  -77
  -81
  -86
  -90
  -95
  -100
  -106
  -111
  -117
  -123
  -129
Cash from investing activities, $m
  -438
  -60
  -60
  -64
  -68
  -71
  -76
  -80
  -85
  -89
  -93
  -98
  -103
  -110
  -115
  -120
  -127
  -133
  -140
  -147
  -155
  -162
  -171
  -179
  -188
  -197
  -208
  -218
  -229
  -241
  -252
Free cash flow, $m
  568
  1,282
  1,308
  1,334
  1,363
  1,396
  1,432
  1,472
  1,515
  1,562
  1,613
  1,525
  1,583
  1,645
  1,710
  1,780
  1,854
  1,932
  2,015
  2,102
  2,195
  2,292
  2,395
  2,504
  2,618
  2,739
  2,866
  2,999
  3,140
  3,288
  3,444
Issuance/(repayment) of debt, $m
  7
  78
  88
  101
  113
  125
  137
  150
  162
  175
  187
  200
  214
  228
  242
  257
  272
  288
  305
  322
  340
  359
  378
  399
  420
  442
  466
  490
  516
  543
  571
Issuance/(repurchase) of shares, $m
  -886
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -876
  78
  88
  101
  113
  125
  137
  150
  162
  175
  187
  200
  214
  228
  242
  257
  272
  288
  305
  322
  340
  359
  378
  399
  420
  442
  466
  490
  516
  543
  571
Total cash flow (excl. dividends), $m
  -319
  1,360
  1,396
  1,434
  1,476
  1,521
  1,570
  1,622
  1,677
  1,737
  1,800
  1,726
  1,797
  1,873
  1,952
  2,037
  2,126
  2,220
  2,319
  2,424
  2,535
  2,651
  2,773
  2,903
  3,038
  3,181
  3,332
  3,490
  3,656
  3,831
  4,015
Retained Cash Flow (-), $m
  194
  -86
  -107
  -122
  -137
  -152
  -167
  -181
  -196
  -212
  -227
  -243
  -259
  -276
  -293
  -311
  -330
  -349
  -369
  -390
  -412
  -435
  -459
  -483
  -509
  -536
  -565
  -594
  -625
  -658
  -692
Prev. year cash balance distribution, $m
 
  32
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  1,306
  1,289
  1,312
  1,339
  1,369
  1,403
  1,440
  1,481
  1,525
  1,573
  1,483
  1,538
  1,596
  1,659
  1,725
  1,796
  1,871
  1,950
  2,034
  2,123
  2,216
  2,315
  2,419
  2,529
  2,645
  2,767
  2,895
  3,031
  3,173
  3,323
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  1,252
  1,180
  1,142
  1,102
  1,061
  1,018
  973
  926
  876
  825
  704
  656
  607
  557
  507
  456
  407
  359
  313
  270
  229
  192
  159
  129
  103
  81
  62
  47
  35
  25
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

CGI Group Inc. (CGI), directly or through its subsidiaries, manages information technology (IT) services, as well as business process services (BPS). The Company's services include the management of IT and business functions (outsourcing), systems integration and consulting, as well as the sale of software solutions. The Company's segments are United States of America (U.S.); Nordics; Canada; France (including Luxembourg and Morocco) (France); United Kingdom (U.K.); Eastern, Central and Southern Europe (primarily the Netherlands and Germany) (ECS); and Asia Pacific (including Australia, India and the Philippines) (Asia Pacific). Its services in an end-to-end engagement include application development, integration and maintenance; technology infrastructure management; and business process services, such as collections and payroll management. Its Internet Protocol (IP)-based business solutions include CGI Advantage, Momentum, Credit Services Solutions, CGI Atlas360 and CGI Trade360.

FINANCIAL RATIOS  of  CGI Group Cl A (GIB)

Valuation Ratios
P/E Ratio 22.1
Price to Sales 2.1
Price to Book 3.7
Price to Tangible Book
Price to Cash Flow 16.8
Price to Free Cash Flow 21.9
Growth Rates
Sales Growth Rate 1.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -15%
Cap. Spend. - 3 Yr. Gr. Rate 3.9%
Financial Strength
Quick Ratio 1
Current Ratio 0.1
LT Debt to Equity 28%
Total Debt to Equity 30%
Interest Coverage 19
Management Effectiveness
Return On Assets 9.5%
Ret/ On Assets - 3 Yr. Avg. 9.4%
Return On Total Capital 12.6%
Ret/ On T. Cap. - 3 Yr. Avg. 12.6%
Return On Equity 16.3%
Return On Equity - 3 Yr. Avg. 17%
Asset Turnover 0.9
Profitability Ratios
Gross Margin 30%
Gross Margin - 3 Yr. Avg. 30.2%
EBITDA Margin 17.3%
EBITDA Margin - 3 Yr. Avg. 17.8%
Operating Margin 13.1%
Oper. Margin - 3 Yr. Avg. 13.2%
Pre-Tax Margin 13.1%
Pre-Tax Margin - 3 Yr. Avg. 13.2%
Net Profit Margin 9.5%
Net Profit Margin - 3 Yr. Avg. 9.7%
Effective Tax Rate 27%
Eff/ Tax Rate - 3 Yr. Avg. 26.6%
Payout Ratio 0%

GIB stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the GIB stock intrinsic value calculation we used $8027 million for the last fiscal year's total revenue generated by CGI Group Cl A. The default revenue input number comes from 2017 income statement of CGI Group Cl A. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our GIB stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for GIB is calculated based on our internal credit rating of CGI Group Cl A, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of CGI Group Cl A.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of GIB stock the variable cost ratio is equal to 86.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for GIB stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 4.2% for CGI Group Cl A.

Corporate tax rate of 27% is the nominal tax rate for CGI Group Cl A. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the GIB stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for GIB are equal to 10.6%.

Life of production assets of 21.6 years is the average useful life of capital assets used in CGI Group Cl A operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for GIB is equal to 1.1%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $4591 million for CGI Group Cl A - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 253.451 million for CGI Group Cl A is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of CGI Group Cl A at the current share price and the inputted number of shares is $14.9 billion.

RELATED COMPANIES Price Int.Val. Rating
BCE BCE 44.49 26.40  sell
TU TELUS 36.15 16.99  str.sell
ORCL Oracle 50.71 36.10  sell
SAP SAP ADR 104.90 85.52  sell
MSFT Microsoft 92.00 55.03  sell
EDGW Edgewater Tech 6.27 7.11  hold

COMPANY NEWS

▶ CGI reports director election results   [Jan-31-18 07:15PM  PR Newswire]
▶ CGI reports director election results   [07:15PM  CNW Group]
▶ CGI meets 1Q profit forecasts   [08:21AM  Associated Press]
▶ CGI reports strong Q1 results   [08:12AM  PR Newswire]
▶ CGI reports strong Q1 results   [08:12AM  CNW Group]
▶ CGI renews its Normal Course Issuer Bid   [08:08AM  PR Newswire]
▶ CGI Files 2017 Annual Disclosure Documents   [Dec-21-17 06:18PM  PR Newswire]
▶ CGI acquires high-end commercial consulting firm   [Dec-07-17 04:45PM  PR Newswire]
▶ ETFs with exposure to CGI Group, Inc. : November 27, 2017   [Nov-27-17 01:51PM  Capital Cube]
▶ Federal IT contractor plans layoffs in San Antonio   [Nov-21-17 04:18PM  American City Business Journals]
▶ ETFs with exposure to CGI Group, Inc. : November 20, 2017   [Nov-20-17 12:31PM  Capital Cube]
▶ ETFs with exposure to CGI Group, Inc. : November 13, 2017   [Nov-13-17 12:25PM  Capital Cube]
▶ CGI misses Street 4Q forecasts   [Nov-08-17 07:29AM  Associated Press]
▶ Is There Now An Opportunity In CGI Group Inc (TSX:GIBA)?   [Nov-03-17 06:53PM  Simply Wall St.]
▶ S&P 500 Breaks 20-Year Record: 5 Best Buys   [Oct-06-17 09:51AM  Zacks]
▶ Is It Too Late To Buy CGI Group Inc (TSX:GIBA)?   [04:45PM  Simply Wall St.]
▶ 5 Top Stocks With Stellar Earnings Acceleration   [Sep-07-17 11:10AM  Zacks]
▶ New Strong Buy Stocks for August 31st   [Aug-31-17 08:56AM  Zacks]
▶ CGI acquires Pittsburgh-based Summa   [08:30AM  PR Newswire]
Financial statements of GIB
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.