Search Follow us

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.£68.2m
Last close106.50p
High / Low (52 weeks)110.5p / 49.5p
Stock market listingLN
Forecast net debt (£m)3.7
Forecast gearing ratio (%)7
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual23.840.1115.2
Relative *28.751.0128.9

* % 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 Aladdin Blockchain Technologies
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
Blue Prism blur Group
Boku Brady
Bulletproof Group Carclo
Catapult Group International Celltick Technologies
CENIT CentralNic
Cerillion CityFibre Infrastructure Holdings
Claranova Cliq Digital
CML Microsystems CoAssets
Comptel Covata
Craneware CREALOGIX Group
Cyan Cypress Semiconductor
DATAGROUP DDD Group
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
Forward Industries FreeAgent
Freelancer Fusionex International
Gamma Communications GB Group
GBST Holdings GeoOp
GetBusy GFT
Globo GO internet
Greek Organization of Football Prognostics GVC Holdings
Himax Technologies Hrvatski Telekom
ifa systems ikeGPS Group
Infinera Inmarsat
Innovation Group InVision
IQE IS Solutions
ISRA VISION IXYS
Jenoptik K3 Business Technology
Kainos Kalibrate Technologies
Kape Technologies Keywords Studios
Learning Technologies Group LRAD Corporation
Magix Manpower Software
Manx Telecom Manz
Max 21 Maxima Holdings
Medicsight Mensch & Maschine Software
Mercia Technologies 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 NetCents
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
Quartix Holdings Real Estate Investar Group
REALTECH Redflex Holdings
Redstone Reed Elsevier
Reply SpA Results.com
Rex Bionics Rheinmetall
RM S&T
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
STEMMER IMAGING 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

Y/E Jun Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2017A 26.9 5.0 2.9 2.65 40.2 N/A
2018A 27.5 5.9 3.1 4.61 23.1 N/A
2019E 30.1 5.8 2.4 2.38 44.7 N/A
2020E 33.2 7.0 3.2 3.33 32.0 N/A

Last updated on 02/10/2018

Latest research

Investment summary

Blancco reported FY18 results marginally ahead of its recent trading update; despite the focus on stabilising the business and improving internal controls, profitability was maintained over the year. The new management team’s focus on three key markets (Mobile, Enterprise and IT Asset Disposition (ITAD)) and targeted investment in R&D should help the company maintain its market leadership and lead to a reacceleration of revenue growth.

Last updated on 02/10/2018

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 28/09/2018

Key management

Adam Moloney, CFO

Company address

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