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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)107.5p / 48.0p
Stock market listingLN
Forecast net debt (£m)2.9
Forecast gearing ratio (%)6
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(7.9)0.0(29.3)
Relative *(7.7)(5.1)(31.8)

* % 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

Blancco Technology Group

Mon, 23 May 2016 17:29:24 GMT

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

Fri, 20 Apr 2018 15:33:45 GMT

Broker Forecast - Peel Hunt issues a broker note on Blancco Technology Group Plc

Tue, 01 May 2018 16:41:15 GMT

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 26.9 5.0 2.9 2.60 29.2 N/A
2018E 27.2 5.5 2.8 2.89 26.3 N/A
2019E 30.0 6.5 2.9 3.00 25.3 N/A

Last updated on 11/07/2018

Latest research

Investment summary

Blancco’s FY18 trading update confirms that despite weaker than expected revenue growth, work on reducing the cost base resulted in a better than expected operating margin of 11%. Positive cash flow in H2 reduced the net debt position to below our forecast. We have revised our forecasts to reflect lower revenues but stronger profitability, resulting in an upgrade to our normalised EPS forecasts of 49% for FY18e and 10% for FY19e. With the appointment of a permanent CFO, the new management team is now complete, and we expect more detail on strategy when the company reports FY18 results in September.

Last updated on 11/07/2018

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 29/06/2018

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