We’ve recently updated our valuation analysis.

Blancco Technology Group Valuation

Is BLTG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BLTG?

Other financial metrics that can be useful for relative valuation.

BLTG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.2x
Enterprise Value/EBITDA20.7x
PEG Ratio3.5x

Price to Earnings Ratio vs Peers

How does BLTG's PE Ratio compare to its peers?

The above table shows the PE ratio for BLTG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average29.1x
CNS Corero Network Security
25.8x-80.9%UK£51.1m
MBO MobilityOne
12.5xn/aUK£10.6m
KAPE Kape Technologies
22.3x1.5%UK£1.0b
NET Netcall
55.7xn/aUK£133.6m
BLTG Blancco Technology Group
65.3x18.4%UK£132.1m

Price-To-Earnings vs Peers: BLTG is expensive based on its Price-To-Earnings Ratio (65.3x) compared to the peer average (29.1x).


Price to Earnings Ratio vs Industry

How does BLTG's PE Ratio compare vs other companies in the GB Software Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a20.7%
n/an/an/a

Price-To-Earnings vs Industry: BLTG is expensive based on its Price-To-Earnings Ratio (65.3x) compared to the UK Software industry average (34.4x)


Price to Earnings Ratio vs Fair Ratio

What is BLTG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BLTG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio65.3x
Fair PE Ratio28.9x

Price-To-Earnings vs Fair Ratio: BLTG is expensive based on its Price-To-Earnings Ratio (65.3x) compared to the estimated Fair Price-To-Earnings Ratio (28.9x).


Share Price vs Fair Value

What is the Fair Price of BLTG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BLTG (£1.77) is trading above our estimate of fair value (£1.5)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BLTG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£1.77
UK£2.99
+69.5%
9.1%UK£3.35UK£2.51n/a5
Nov ’23UK£1.74
UK£2.99
+72.0%
9.1%UK£3.35UK£2.51n/a5
Oct ’23UK£1.63
UK£2.99
+83.6%
9.1%UK£3.35UK£2.51n/a5
Sep ’23UK£1.75
UK£3.27
+87.2%
11.3%UK£3.95UK£2.93n/a5
Aug ’23UK£1.95
UK£3.27
+67.5%
11.3%UK£3.95UK£2.93n/a5
Jul ’23UK£1.98
UK£3.27
+64.9%
11.3%UK£3.95UK£2.93n/a5
Jun ’23UK£2.05
UK£3.21
+56.4%
9.8%UK£3.75UK£2.90n/a5
May ’23UK£2.18
UK£3.21
+47.1%
9.8%UK£3.75UK£2.90n/a5
Apr ’23UK£2.25
UK£3.23
+43.7%
10.8%UK£3.75UK£2.90n/a4
Mar ’23UK£2.13
UK£3.34
+57.3%
10.0%UK£3.75UK£2.93n/a3
Feb ’23UK£2.44
UK£3.34
+37.0%
10.0%UK£3.75UK£2.93n/a3
Jan ’23UK£2.33
UK£3.19
+37.3%
5.9%UK£3.35UK£2.93n/a3
Dec ’22UK£2.50
UK£3.19
+27.7%
5.9%UK£3.35UK£2.93UK£1.733
Nov ’22UK£2.63
UK£3.19
+21.7%
5.9%UK£3.35UK£2.93UK£1.743
Oct ’22UK£2.65
UK£3.19
+20.5%
5.9%UK£3.35UK£2.93UK£1.633
Sep ’22UK£2.53
UK£3.19
+26.5%
5.9%UK£3.35UK£2.93UK£1.753
Aug ’22UK£2.51
UK£3.19
+27.2%
5.9%UK£3.35UK£2.93UK£1.953
Jul ’22UK£2.68
UK£3.19
+19.4%
5.9%UK£3.35UK£2.93UK£1.983
Jun ’22UK£2.61
UK£3.09
+18.5%
5.9%UK£3.35UK£2.93UK£2.053
May ’22UK£2.67
UK£3.09
+15.9%
5.9%UK£3.35UK£2.93UK£2.183
Apr ’22UK£2.72
UK£3.09
+13.7%
5.9%UK£3.35UK£2.93UK£2.253
Mar ’22UK£2.87
UK£3.00
+4.6%
2.0%UK£3.08UK£2.93UK£2.133
Feb ’22UK£2.50
UK£2.70
+8.0%
11.5%UK£3.08UK£2.32UK£2.443
Jan ’22UK£2.21
UK£2.70
+22.2%
11.5%UK£3.08UK£2.32UK£2.333
Dec ’21UK£2.02
UK£2.70
+33.7%
11.5%UK£3.08UK£2.32UK£2.503

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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