Blancco Technology Group (BLTG)

Business description

Blancco Technology Group develops and sells data erasure and mobile diagnostics software. It is headquartered in the US and has sales offices in 15 countries around the world.

Stock data

Market cap.£52.2m
Last close81.50p
High / Low (52 weeks)194.0p / 48.0p
Stock market listingLN
Forecast net debt (£m)3.5
Forecast gearing ratio (%)7
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual24.411.6(54.3)
Relative *17.415.1(55.1)

* % Relative to local index

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Company news

Is Blancco Technology Group plc a falling knife to catch after dropping 20% today?

Thu, 06 Jul 2017 12:56:15 GMT

Is Blancco Technology Group plc a falling knife to catch after dropping 25% today?

Tue, 25 Apr 2017 10:07:30 GMT

Is There Now An Opportunity In Blancco Technology Group plc (LON:BLTG)?

Fri, 20 Apr 2018 15:33:45 GMT

Blancco Technology Group

Mon, 23 May 2016 17:29:24 GMT

Should You Buy Blancco Technology Group plc (LON:BLTG) For This Reason?

Thu, 12 Apr 2018 09:33:45 GMT

Investment summary

Blancco’s H118 results reflect the non-recurrence of one-off licence deals signed in H117 as well as a period of restructuring, including the disposal of its Mexican subsidiary. Despite the weak H1, management has a sufficiently strong sales pipeline that it expects to meet previous guidance for FY18. The company is now in better shape for the newly appointed CEO Matt Jones to drive sustainable, cash-generative revenue growth.

Last updated on 06/04/2018

Y/E Jun Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2016A 21.2 5.4 4.1 4.16 19.6 N/A
2017A 26.9 5.0 2.9 2.60 31.3 N/A
2018E 28.4 4.8 2.0 1.94 42.0 N/A
2019E 31.4 6.3 2.7 2.73 29.9 N/A

Last updated on 28/03/2018

Latest research

Latest video

Executive Interview - Regenersis

Industry outlook

Blancco has developed patented technology to erase data on devices such as PCs, laptops, servers, mobiles and tablets. Drivers of demand for data erasure include the risk of data loss (and the associated costs and reputational issues) and regulation. We estimate that Blancco has only penetrated a small percentage of the addressable markets for end-of-life and active erasure. Through a combination of direct sales, channel partners and ongoing market education, management is aiming to accelerate the adoption of its software.

Last updated on 06/04/2018

Key management

Simon Herrick, CFO

Company address

11675 Rainwater Drive
Bldg 600, Suite 100
Alpharetta
GA 30009
United States
+1 770 971 9770
View website