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GRC

GRC International Group AIM:GRC Stock Report

Last Price

UK£0.26

Market Cap

UK£27.5m

7D

0%

1Y

-37.8%

Updated

12 Aug, 2022

Data

Company Financials +
GRC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance0/6
Financial Health3/6
Dividends0/6

GRC Stock Overview

GRC International Group plc provides a range of products and services to address the information technology (IT) governance, risk management, and compliance requirements of organizations in the United Kingdom, rest of Europe, the United States, Australia, and internationally.

GRC International Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for GRC International Group
Historical stock prices
Current Share PriceUK£0.26
52 Week HighUK£0.49
52 Week LowUK£0.23
Beta0.89
1 Month Change-7.27%
3 Month Change-3.77%
1 Year Change-37.81%
3 Year Change-43.33%
5 Year Changen/a
Change since IPO-70.86%

Recent News & Updates

Jun 30
What Does GRC International Group plc's (LON:GRC) Share Price Indicate?

What Does GRC International Group plc's (LON:GRC) Share Price Indicate?

GRC International Group plc ( LON:GRC ), might not be a large cap stock, but it saw a double-digit share price rise of...

Dec 23
Estimating The Intrinsic Value Of GRC International Group plc (LON:GRC)

Estimating The Intrinsic Value Of GRC International Group plc (LON:GRC)

Does the December share price for GRC International Group plc ( LON:GRC ) reflect what it's really worth? Today, we...

Shareholder Returns

GRCGB ITGB Market
7D0%4.8%0.7%
1Y-37.8%-35.4%-7.8%

Return vs Industry: GRC underperformed the UK IT industry which returned -36.3% over the past year.

Return vs Market: GRC underperformed the UK Market which returned -9.1% over the past year.

Price Volatility

Is GRC's price volatile compared to industry and market?
GRC volatility
GRC Average Weekly Movement5.4%
IT Industry Average Movement5.5%
Market Average Movement5.4%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.7%

Stable Share Price: GRC is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: GRC's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a149Alan Calderhttps://www.grci.group

GRC International Group plc provides a range of products and services to address the information technology (IT) governance, risk management, and compliance requirements of organizations in the United Kingdom, rest of Europe, the United States, Australia, and internationally. The company provides classroom and web-based training courses related to the general data protection regulation, privacy by design, risk management, business continuity, ISO 27001 certification, and related topics. It also offers on-site and remote support services to help organizations design and implement data protection, privacy, and cyber security policies and procedures, including penetration testing, payment card industry data security standard compliance, and cyber essentials certification and consultancy services.

GRC International Group Fundamentals Summary

How do GRC International Group's earnings and revenue compare to its market cap?
GRC fundamental statistics
Market CapUK£27.50m
Earnings (TTM)-UK£1.52m
Revenue (TTM)UK£12.98m

2.1x

P/S Ratio

-18.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GRC income statement (TTM)
RevenueUK£12.98m
Cost of RevenueUK£5.67m
Gross ProfitUK£7.31m
Other ExpensesUK£8.84m
Earnings-UK£1.52m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.014
Gross Margin56.35%
Net Profit Margin-11.73%
Debt/Equity Ratio20.1%

How did GRC perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales 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 GRC?

Other financial metrics that can be useful for relative valuation.

GRC 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/Revenue2.2x
Enterprise Value/EBITDA-18x
PEG Ration/a

Price to Sales Ratio vs Peers

How does GRC's PS Ratio compare to its peers?

GRC PS Ratio vs Peers
The above table shows the PS ratio for GRC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1.8x
TRD Triad Group
1.2xn/aUK£20.1m
ING Ingenta
1.6xn/aUK£15.8m
MTEC Made Tech Group
2.3x38.7%UK£46.6m
SPA 1Spatial
1.9x7.9%UK£52.5m
GRC GRC International Group
2.1x17.7%UK£27.5m

Price-To-Sales vs Peers: GRC is expensive based on its Price-To-Sales Ratio (2.1x) compared to the peer average (1.8x).


Price to Earnings Ratio vs Industry

How does GRC's PE Ratio compare vs other companies in the GB IT Industry?

Price-To-Sales vs Industry: GRC is good value based on its Price-To-Sales Ratio (2.1x) compared to the UK IT industry average (2.4x)


Price to Sales Ratio vs Fair Ratio

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

GRC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.1x
Fair PS Ratio2.1x

Price-To-Sales vs Fair Ratio: GRC is expensive based on its Price-To-Sales Ratio (2.1x) compared to the estimated Fair Price-To-Sales Ratio (2.1x).


Share Price vs Fair Value

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

Below Fair Value: GRC (£0.26) is trading below our estimate of fair value (£0.3)

Significantly Below Fair Value: GRC is trading below fair value, but not by a significant amount.


Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is GRC International Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


17.7%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if GRC's forecast earnings growth is above the savings rate (0.9%).

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

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

Revenue vs Market: GRC's revenue (17.7% per year) is forecast to grow faster than the UK market (4.2% per year).

High Growth Revenue: GRC's revenue (17.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if GRC's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has GRC International Group performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-30.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GRC is currently unprofitable.

Growing Profit Margin: GRC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GRC is unprofitable, and losses have increased over the past 5 years at a rate of 30.3% per year.

Accelerating Growth: Unable to compare GRC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GRC is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (31.1%).


Return on Equity

High ROE: GRC has a negative Return on Equity (-23.67%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is GRC International Group's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: GRC's short term assets (£1.7M) do not cover its short term liabilities (£7.3M).

Long Term Liabilities: GRC's short term assets (£1.7M) exceed its long term liabilities (£788.0K).


Debt to Equity History and Analysis

Debt Level: GRC's net debt to equity ratio (17.8%) is considered satisfactory.

Reducing Debt: GRC's debt to equity ratio has reduced from 28.2% to 20.1% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if GRC has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if GRC has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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Dividend

What is GRC International Group current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate GRC'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 GRC's dividends per share have been stable in the past.

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


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as GRC has not reported any payouts.


Discover strong dividend paying companies

Management

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

7.5yrs

Average board tenure


CEO

Alan Calder (64 yo)

4.83yrs

Tenure

UK£253,000

Compensation

Mr. Alan Philip Calder is the Chief Executive Officer of GRC International Group PLC since October 27, 2017 and serves as its Director since April 2002. Mr. Calder founded IT Governance Limited in 2002, be...


CEO Compensation Analysis

Compensation vs Market: Alan's total compensation ($USD306.71K) is about average for companies of similar size in the UK market ($USD341.38K).

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


Board Members

Experienced Board: GRC's board of directors are considered experienced (7.5 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.9%.


Top Shareholders

Company Information

GRC International Group plc's employee growth, exchange listings and data sources


Key Information

  • Name: GRC International Group plc
  • Ticker: GRC
  • Exchange: AIM
  • Founded: NaN
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Implied Market Cap: UK£27.496m
  • Shares outstanding: 107.83m
  • Website: https://www.grci.group

Number of Employees


Location

  • GRC International Group plc
  • Clive Court
  • Unit 3
  • Ely
  • Cambridgeshire
  • CB7 4EA
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/12 00:00
End of Day Share Price2022/08/12 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.