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GB Group (GBG)

Business description

GBG specialises in identity data intelligence. Its products/services enable customers to understand and verify clients and employees in fraud, risk management, compliance and customer on-boarding services. Based in the UK, it operates in 24 countries.

Stock data

Market cap.£880.8m
Last close458.00p
High / Low (52 weeks)626.0p / 395.0p
Stock market listingLN
Forecast net debt (£m)71.6
Forecast gearing ratio (%)22
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual0.9(6.5)14.8
Relative *(3.5)(8.2)15.7

* % Relative to local index

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Company news

Investment summary

GB Group (GBG) has acquired IDology, a US identity verification business, for an enterprise value of $300m/£231m. It has placed 39m shares at 410p per share to fund £160m of the purchase price, with the remainder coming from a new credit facility. We estimate that the deal offers significant cross-selling potential and will boost GBG’s international revenues to close to 50%.

Last updated on 13/02/2019

Y/E Mar Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2017A 87.5 18.7 16.5 9.9 46.3 37.0
2018A 119.7 28.7 25.8 13.5 33.9 21.8
2019E 137.7 30.2 26.6 13.1 35.0 40.1
2020E 192.8 46.9 40.3 16.1 28.4 20.8

Last updated on 13/02/2019

Latest video

Executive interview - GB Group

Industry outlook

Globalisation and the growth in internet trading have also resulted in the need for higher compliance standards in light of the rising scope and financial impact of cybercrime. This, in turn, is driving the demand for more complex and comprehensive solutions for the verification of personal data.

Last updated on 01/02/2019

Key management

David Rasche, Chairman
Chris Clark, CEO
Dave Wilson, FD

Company address

GB House, Kingsfield Court, Chester Business Park
Chester
CH4 9GB
United Kingdom
+44 (0) 1244 657 333
View website