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.£48.6m
Last close76.00p
High / Low (52 weeks)308.0p / 48.0p
Stock market listingLN
Forecast net debt (£m)0.9
Forecast gearing ratio (%)2

Price performance

Relative *2.650.4(70.1)

* % Relative to local index

Other companies in sector Show

1Spatial 7digital Group
accesso Technology Group ADVA Optical Networking
Advanced Computer Software Group Advanced Micro Devices
AIXTRON Algomizer
All for One Steeb AG Allocate Software
Allot Communications Alpha and Omega Semiconductor
Alphapoint Technology Inc Amazon
Amino Technologies ANADIGICS
appScatter Arria NLG
artec technologies AsiaCell
AT&S Austria Technologie & Systemtechnik Beta Systems
blinkx blur Group
Boku Brady
Bulletproof Group Carclo
Catapult Group International CENIT
CentralNic Cerillion
CityFibre Infrastructure Holdings Cliq Digital
CML Microsystems CoAssets
Comptel Covata
Craneware CREALOGIX Group
Crossrider Cypress Semiconductor
Dillistone Group door2door
dotDigital DSP Group
e2v technologies Eagle Eye
Eckoh Elmos Semiconductor
EMIS Group Emulex
Endace EnWave Corporation
Epipoli eServGlobal
Esker Evolving Systems
EVR Holdings PLC Expert System
Facebook Featurespace
FFastFill FinTech Group
First Derivatives First Sensor
Focus Solutions Group Foresight Autonomous Holdings
FreeAgent Freelancer
Fusionex International Gamma Communications
GB Group GBST Holdings
GeoOp GetBusy
GFT Globo
GO internet GVC Holdings
Himax Technologies Hrvatski Telekom
ifa systems ikeGPS Group
Infinera Inmarsat
Innovation Group InVision
IQE IS Solutions
Jenoptik K3 Business Technology
Kainos Kalibrate Technologies
Keywords Studios Learning Technologies Group
LRAD Corporation Magix
Manpower Software Manx Telecom
Manz Max 21
Maxima Holdings Medicsight
Mensch & Maschine Software Mercia Technologies
Micro Focus International Micron Technology
Migme Mobile ecosystems
Monitise Montage Technology
Morse mVISE
My Net Fone Mynaric
Nano Dimension Nanoco Group
nearmap Nemetschek
Netcall NetDimensions
Netflix Nexus Management
O2Micro International OMG
OmniVision Technologies Orion Health Group
Osirium Technologies Outsourcery
Panorama Synergy Pantaflix
Patsystems Paysafe Group
Pebble Beach Systems Group Pericom Semiconductor
Phitek Piteco
PLX Technology Pointer Telocation
Pricer Prodware
PSI Pure Wafer
QSC Real Estate Investar Group
REALTECH Redflex Holdings
Redstone Reed Elsevier
Reply SpA
Rex Bionics Rheinmetall
SCISYS Secunet
Seeing Machines Sepura
Serko Seven Principles
Siemens Sigma Designs
Silicom Silicon Image
SimiGon SinnerSchrader
SITO Mobile SLI Systems
Smartpay Holdings SNP Schneider-Neureither & Partner
Software AG Solera
Solutions 30 Spansion
Spirent Communications SQS Software Quality Systems AG
Stadium Group StatPro Group
Store Electronic Systems Straker Translations
SuperCom Synchronica
Taptica Technology sector
TerraNet Texas Instruments
The NAGA Group Thin Film Electronics
Thoughtonomy Tikit Group
Toumaz Track Group
TXT e-solutions TZ Limited
Ubisense Group UMT United Mobility Technology
United Power Technology VASCO Data Security
Vectron Systems Virtual Piggy
Vista Group International Vitec
Vizrt VMob Group
WANdisco Webinar
Wincor Nixdorf WorkPlace Systems International
XP Power Xploite
Xplore Technologies Corp YuuZoo

Company news

Investment summary

After a difficult six months for Blancco, we believe that management has stabilised the business and put it on a course for sustainable growth. A focus on recurring-type contracts should provide better visibility. We have taken a conservative approach to forecasts using the lower end of revenue guidance; if management is able to drive growth at a faster rate than this then we see scope for substantial upside to forecasts.

Last updated on 13/12/2017

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 18.3 N/A
2017A 27.7 5.2 3.1 3.02 25.2 N/A
2018E 29.4 4.2 2.0 1.35 56.3 N/A
2019E 32.2 5.8 2.8 2.35 32.3 N/A

Last updated on 08/12/2017

Latest research

Rebasing the business

Update | Technology | 17/11/2017

FY17 revenues hit by contract reversals

Update | Technology | 12/09/2017

Cleaning house

Update | Technology | 10/07/2017

Growth from (data) destruction

Initiation | Technology | 15/03/2017

Now fully armed

Update | Technology | 25/04/2016

Visibility on Blancco's value

Update | Technology | 22/03/2016

Time to focus on erasure potential

Update | Technology | 16/02/2016

Disposal process on track

Update | Technology | 14/01/2016

Releasing and revealing value

Update | Technology | 12/10/2015

Some they win, one they lose

Update | Technology | 23/07/2015

Repaired and better than new

Initiation | Technology | 09/04/2015

Dialling back in...

Company Comment | Technology | 07/03/2008

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 13/12/2017

Key management

Simon Herrick, CFO

Company address

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