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.£98.3m
Last close169.00p
High / Low (52 weeks)308.0p / 168.5p
Stock market listingLN
Forecast net debt (£m)4.7
Forecast gearing ratio (%)11
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(28.8)(35)(26.4)
Relative *(28.9)(36.3)(35.8)

* % Relative to local index

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Company news

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

Tue, 25 Apr 2017 10:07:30 GMT

Blancco Technology among top fallers on funding shortfall.

Tue, 25 Apr 2017 08:23:22 GMT

Breakfast News - AIM Breakfast:Blancco Technology Group,Clinigen Group PLC ...

Tue, 25 Apr 2017 08:15:00 GMT

Blancco Technology Group PLC (RGS) Coverage Initiated by Analysts at FinnCap

Thu, 27 Apr 2017 21:56:15 GMT

Blancco Technology Group PLC's (BLTG) “Buy” Rating Reiterated at Peel Hunt

Mon, 03 Apr 2017 09:45:00 GMT

Investment summary

As the leading provider of data erasure software for the enterprise market, Blancco is well positioned to exploit the growing requirement for secure data erasure. With major investment in sales and support complete and regulatory changes in its favour, Blancco is in a good position to drive adoption of its software via its direct sales and partner channels. The company’s patented technology and numerous certifications create a strong barrier to entry. We forecast adjusted operating margins to remain above 20% and forecast adjusted EPS growth of 50% in FY17, 32% in FY18 and 23% in FY19.

Last updated on 04/04/2017

Y/E Jun Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2015A 15.0 4.2 2.8 2.84 59.5 18.1
2016A 22.4 6.9 5.6 5.63 30.0 N/A
2017E 31.4 9.6 7.2 8.42 20.1 52.6
2018E 37.9 11.7 9.3 11.10 15.2 8.5

Last updated on 27/03/2017

Latest research

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 04/04/2017

Company address

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