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.


Snowflake Analysis

Flawless balance sheet and overvalued.

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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

BLTG

3.1%

GB Software

1.0%

GB Market


1 Year Return

63.3%

BLTG

-11.6%

GB Software

-13.7%

GB Market

Return vs Industry: BLTG exceeded the UK Software industry which returned -12.8% over the past year.

Return vs Market: BLTG exceeded the UK Market which returned -15.3% over the past year.


Shareholder returns

BLTGIndustryMarket
7 Day0%3.1%1.0%
30 Day-6.7%0.4%-3.0%
90 Day2.4%21.9%12.3%
1 Year63.3%63.3%-9.9%-11.6%-9.7%-13.7%
3 Year68.2%68.2%-19.2%-31.4%-1.8%-13.8%
5 Year0.8%-2.2%23.7%-0.1%16.2%-9.7%

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?

4887.78x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BLTG (£1.96) is trading above our estimate of fair value (£0.65)

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 (4887.8x) compared to the Software industry average (33.5x).

PE vs Market: BLTG is poor value based on its PE Ratio (4887.8x) compared to the UK market (15x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BLTG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BLTG is good value based on its PB Ratio (2x) compared to the GB Software industry average (3.4x).


Next Steps

Future Growth

How is Blancco Technology Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

15.4%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if BLTG's forecast earnings growth is above the savings rate (1.2%).

Earnings vs Market: Insufficient data to determine if BLTG's earnings are forecast to grow faster than the UK market

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

Revenue vs Market: BLTG's revenue (15.4% per year) is forecast to grow faster than the UK market (3.4% per year).

High Growth Revenue: BLTG's revenue (15.4% 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 (6.1%).


Next Steps

Past Performance

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

27.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BLTG has a large one-off loss of £182.0K impacting its December 31 2019 financial results.

Growing Profit Margin: BLTG's current net profit margins (0.08%) are lower than last year (2.5%).


Past Earnings Growth Analysis

Earnings Trend: BLTG has become profitable over the past 5 years, growing earnings by 27.5% per year.

Accelerating Growth: BLTG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BLTG had negative earnings growth (-96.3%) over the past year, making it difficult to compare to the Software industry average (12.8%).


Return on Equity

High ROE: BLTG's Return on Equity (0.2%) 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 (£12.9M) exceed its short term liabilities (£9.3M).

Long Term Liabilities: BLTG's short term assets (£12.9M) exceed its long term liabilities (£4.9M).


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 0.04%.

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?

0.44%

Forecast Dividend Yield


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?

3.3yrs

Average board tenure


CEO

Matt Jones (60yo)

2.33yrs

Tenure

UK£590,000

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 ($USD737.42K) is about average for companies of similar size in the UK market ($USD664.23K).

Compensation vs Earnings: Matt's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Board Members

NamePositionTenureCompensationOwnership
Matthew Jones
CEO & Director2.33yrsUK£590.00k0.038% £54.9k
Adam Moloney
CFO & Director2yrsUK£379.39k0.038% £54.9k
Robert Stanley Woodward
Independent Chairman3.33yrsUK£95.00k0.058% £82.6k
Philip Rogerson
Senior Independent Director3.33yrsUK£48.00k0.024% £34.3k
Thomas Skelton
Independent Non-Executive Director4.75yrsUK£51.00k0.038% £53.9k
Catherine Michel
Independent Non-Executive Director0.50yrno datano data
Frank Blin
Independent Non-Executive Director5.58yrsUK£48.00k0.052% £74.3k

3.3yrs

Average Tenure

60yo

Average Age

Experienced Board: BLTG's board of directors are considered experienced (3.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.2%.


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£143.253m
  • Shares outstanding: 73.09m
  • 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. It offers Blancco Drive Eraser, which erases sensitive data from HDDs and complex SSDs in PC desktop computers, laptops, and servers; Blancco Mobile Solutions, a mobile diagnostics testing and erasure solution; and Blancco File Eraser, which erases sensitive files and folders from PC desktop computers, laptops, and servers. The company also provides Blancco Removable Media Eraser, a data sanitization software that erases data from removable media, including USB drives, SD cards, micro drives, compactflash cards, and other flash memory storage devices; Blancco LUN Eraser, which erases data in active storage environments; Blancco Virtual Machine Eraser, a hypervisor erasure software that destroys data when virtual machines are no longer needed; and Blancco Management Console, a centralized data erasure reporting solution. In addition, it offers Blancco Hardware Solutions, which erases data on loose drives and enclosures on premise at data centers or IT facilities. The company was formerly known as Regenersis Plc and changed its name to Blancco Technology Group plc in April 2016. Blancco Technology Group plc was founded in 1997 and is based in Huntingdon, the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/06 20:55
End of Day Share Price2020/07/06 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


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.