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.£47m
Last close73.50p
High / Low (52 weeks)308.0p / 48.0p
Stock market listingLN
Forecast net debt (£m)0.9
Forecast gearing ratio (%)2
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual48.5(31)(65.2)
Relative *51.2(31)(68.2)

* % 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 13:18:45 GMT

Blancco Technology Group: Rebasing The Business

Sun, 19 Nov 2017 10:33:55 GMT

Blancco Technology Group

Mon, 23 May 2016 17:29:24 GMT

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

Tue, 25 Apr 2017 10:47:04 GMT

73.50

Thu, 07 Jul 2016 10:01:15 GMT

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 17/11/2017

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 17.7 N/A
2017A 27.7 5.2 3.1 3.02 24.3 N/A
2018E 29.4 4.2 2.0 1.35 54.4 N/A
2019E 32.2 5.8 2.8 2.35 31.3 N/A

Last updated on 17/11/2017

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 02/11/2017

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