AIM:BLTG

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Blancco Technology Group

Executive Summary

Blancco Technology Group plc, together with its subsidiaries, provides mobile device diagnostics and data erasure services in the United States, the United Kingdom, the Asia Pacific, and internationally. More Details


Snowflake Analysis

Flawless balance sheet with reasonable growth potential.

Share Price & News

How has Blancco Technology Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BLTG is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: BLTG's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-3.8%

BLTG

-6.2%

GB Software

-0.3%

GB Market


1 Year Return

52.5%

BLTG

-13.1%

GB Software

-11.0%

GB Market

Return vs Industry: BLTG exceeded the UK Software industry which returned -10.2% over the past year.

Return vs Market: BLTG exceeded the UK Market which returned -10% over the past year.


Shareholder returns

BLTGIndustryMarket
7 Day-3.8%-6.2%-0.3%
30 Day5.2%-7.1%10.2%
90 Day0%-13.9%6.4%
1 Year52.5%52.5%-7.9%-13.1%-7.4%-11.0%
3 Year160.6%160.6%-29.6%-38.2%0.9%-11.5%
5 Year12.1%10.7%17.9%-2.8%26.5%-2.5%

Long-Term Price Volatility Vs. Market

How volatile is Blancco Technology Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Blancco Technology Group undervalued compared to its fair value and its price relative to the market?

5415.55x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BLTG (£2.02) is trading above our estimate of fair value (£0.39)

Significantly Below Fair Value: BLTG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BLTG is poor value based on its PE Ratio (5415.5x) compared to the GB Software industry average (37.6x).

PE vs Market: BLTG is poor value based on its PE Ratio (5415.5x) compared to the UK market (20.4x).


Price to Earnings Growth Ratio

PEG Ratio: BLTG is poor value based on its PEG Ratio (53.5x)


Price to Book Ratio

PB vs Industry: BLTG is good value based on its PB Ratio (1.9x) compared to the GB Software industry average (3.5x).


Next Steps

Future Growth

How is Blancco Technology Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

101.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BLTG's forecast earnings growth (101.1% per year) is above the savings rate (1.2%).

Earnings vs Market: BLTG's earnings (101.1% per year) are forecast to grow faster than the UK market (27.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BLTG's revenue (9.8% per year) is forecast to grow faster than the UK market (6.7% per year).

High Growth Revenue: BLTG's revenue (9.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BLTG's Return on Equity is forecast to be low in 3 years time (5.2%).


Next Steps

Past Performance

How has Blancco Technology Group performed over the past 5 years?

42.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BLTG has a large one-off gain of £300.0K impacting its June 30 2020 financial results.

Growing Profit Margin: BLTG became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: BLTG has become profitable over the past 5 years, growing earnings by 42% per year.

Accelerating Growth: BLTG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: BLTG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Software industry (-3.2%).


Return on Equity

High ROE: BLTG's Return on Equity (-0.01%) is considered low.


Next Steps

Financial Health

How is Blancco Technology Group's financial position?


Financial Position Analysis

Short Term Liabilities: BLTG's short term assets (£14.7M) exceed its short term liabilities (£9.6M).

Long Term Liabilities: BLTG's short term assets (£14.7M) exceed its long term liabilities (£4.6M).


Debt to Equity History and Analysis

Debt Level: BLTG is debt free.

Reducing Debt: BLTG has no debt compared to 5 years ago when its debt to equity ratio was 3.8%.

Debt Coverage: BLTG has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: BLTG has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Blancco Technology Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BLTG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BLTG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BLTG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BLTG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: BLTG is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BLTG's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.7yrs

Average board tenure


CEO

Matt Jones (60 yo)

2.67yrs

Tenure

UK£487,000

Compensation

Mr. Matthew Craig Jones, also known as Matt, has been the Chief Executive Officer of Blancco Technology Group plc since March 28, 2018. Mr. Jones served as Chief Executive Officer at E8 Security Inc. He wa...


CEO Compensation Analysis

Compensation vs Market: Matt's total compensation ($USD649.28K) is about average for companies of similar size in the UK market ($USD619.78K).

Compensation vs Earnings: Matt's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Matthew Jones
CEO & Director2.67yrsUK£487.00k0.22%
£ 318.5k
Adam Moloney
CFO & Director2.33yrsUK£364.00k0.038%
£ 56.0k
Robert Stanley Woodward
Independent Chairman3.67yrsUK£95.00k0.057%
£ 84.3k
Philip Rogerson
Senior Independent Director3.67yrsUK£48.00k0.024%
£ 35.0k
Thomas Skelton
Independent Non-Executive Director5.08yrsUK£52.00k0.038%
£ 55.0k
Catherine Michel
Independent Non-Executive Director0.83yrUK£23.00kno data
Frank Blin
Independent Non-Executive Director5.92yrsUK£48.00k0.052%
£ 75.8k

3.7yrs

Average Tenure

60yo

Average Age

Experienced Board: BLTG's board of directors are considered experienced (3.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BLTG insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Blancco Technology Group plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Blancco Technology Group plc
  • Ticker: BLTG
  • Exchange: AIM
  • Founded: 1997
  • Industry: Systems Software
  • Sector: Software
  • Market Cap: UK£146.610m
  • Shares outstanding: 73.30m
  • Website: https://www.blancco.com

Number of Employees


Location

  • Blancco Technology Group plc
  • Unit 6b
  • Vantage Park
  • Huntingdon
  • Cambridgeshire
  • PE29 6SR
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BLTGAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPMar 2005

Biography

Blancco Technology Group plc, together with its subsidiaries, provides mobile device diagnostics and data erasure services in the United States, the United Kingdom, the Asia Pacific, and internationally. I...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 19:46
End of Day Share Price2020/11/26 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.