Gresham Technologies
Market Cap
UK£102.4m
Last Updated
2020/02/18 20:39 UTC
Data Sources
Company Financials +
Executive Summary
Gresham Technologies plc, a software and services company, provides real-time transaction control and enterprise data integrity solutions in the United Kingdom and internationally.
Snowflake Analysis
Flawless balance sheet with concerning outlook.
Share Price & News
How has Gresham Technologies's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GHT's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
1.7%
GHT
-0.8%
GB Software
-0.9%
GB Market
1 Year Return
63.9%
GHT
14.3%
GB Software
6.2%
GB Market
Return vs Industry: GHT exceeded the UK Software industry which returned 15.7% over the past year.
Return vs Market: GHT exceeded the UK Market which returned 6.6% over the past year.
Shareholder returns
| GHT | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.7% | -0.8% | -0.9% |
| 30 Day | 3.4% | -1.8% | -3.1% |
| 90 Day | 44.9% | 8.1% | 3.9% |
| 1 Year | 64.9%63.9% | 22.1%14.3% | 11.9%6.2% |
| 3 Year | -1.8%-2.6% | 13.7%-4.0% | 17.3%2.4% |
| 5 Year | 89.1%87.5% | 55.9%29.3% | 34.1%3.2% |
Price Volatility Vs. Market
How volatile is Gresham Technologies's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is Gresham Technologies plc's (LON:GHT) CEO Salary Justified?1 month ago | Simply Wall St
Does The Gresham Technologies plc (LON:GHT) Share Price Fall With The Market?3 months ago | Simply Wall St
Introducing Gresham Technologies (LON:GHT), A Stock That Climbed 38% In The Last Five YearsValuation
Is Gresham Technologies undervalued compared to its fair value and its price relative to the market?
4x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: GHT (£1.5) is trading above our estimate of fair value (£0.2)
Significantly Below Fair Value: GHT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GHT is unprofitable, so we can't compare its PE Ratio to the Software industry average.
PE vs Market: GHT is unprofitable, so we can't compare its PE Ratio to the UK market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GHT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GHT is overvalued based on its PB Ratio (4x) compared to the GB Software industry average (3.4x).
Next Steps
Future Growth
How is Gresham Technologies forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
11.2%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if GHT's forecast earnings growth is above the savings rate (0.5%).
Earnings vs Market: Insufficient data to determine if GHT'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: GHT's revenue (11.2% per year) is forecast to grow faster than the UK market (3.4% per year).
High Growth Revenue: GHT's revenue (11.2% 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 GHT's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Gresham Technologies performed over the past 5 years?
-20.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GHT is currently unprofitable.
Growing Profit Margin: GHT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: GHT is unprofitable, and losses have increased over the past 5 years at a rate of -20.3% per year.
Accelerating Growth: Unable to compare GHT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GHT is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (8%).
Return on Equity
High ROE: GHT has a negative Return on Equity (-4.37%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Gresham Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: GHT's short term assets (£13.3M) exceed its short term liabilities (£12.1M).
Long Term Liabilities: GHT's short term assets (£13.3M) exceed its long term liabilities (£4.2M).
Debt to Equity History and Analysis
Debt Level: GHT is debt free.
Reducing Debt: GHT has not had any debt for past 5 years.
Balance Sheet
Inventory Level: GHT has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if GHT's debt is covered by short term assets.
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: GHT has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: GHT has been profitable on average in the past, therefore cash runway is not a concern.
Next Steps
Dividend
What is Gresham Technologies's current dividend yield, its reliability and sustainability?
0.33%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: GHT's dividend (0.33%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.81%).
High Dividend: GHT's dividend (0.33%) is low compared to the top 25% of dividend payers in the UK market (5.1%).
Stability and Growth of Payments
Stable Dividend: GHT is not paying a notable dividend for the UK market, therefore no need to check if payments are stable.
Growing Dividend: GHT is not paying a notable dividend for the UK market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: GHT is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of GHT'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?
3.6yrs
Average management tenure
CEO
Ian Manocha (53yo)
4.7yrs
Tenure
UK£349,446
Compensation
Mr. Ian Mark Manocha has been the Chief Executive Officer of Gresham Computing plc since June 1, 2015 and serves as its Executive Director. Mr. Manocha served as Head of Business Portfolio at SAS Institute ...
CEO Compensation Analysis
Compensation vs Market: Ian's total compensation ($USD455.19K) is above average for companies of similar size in the UK market ($USD325.34K).
Compensation vs Earnings: Ian's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 4.7yrs | UK£349.45k | 0.11% £112.5k | |
| CFO & Executive Director | 1.9yrs | UK£197.06k | 0.016% £16.4k | |
| Chief Technology Officer | 0yrs | no data | no data | |
| General Counsel & Company Secretary | 6.3yrs | no data | no data | |
| Director of People and Places | 2.6yrs | no data | no data | |
| Managing Director of Asia Pacific | 11.1yrs | no data | no data | |
| Head of Strategic Accounts | 1.8yrs | no data | no data |
3.6yrs
Average Tenure
Experienced Management: GHT's management team is considered experienced (3.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 4.7yrs | UK£349.45k | 0.11% £112.5k | |
| CFO & Executive Director | 1.9yrs | UK£197.06k | 0.016% £16.4k | |
| Senior Independent Non-Executive Director | 0yrs | UK£40.00k | 0.0077% £7.9k | |
| Independent Non-Executive Director | 2.8yrs | UK£40.00k | 0.012% £12.3k | |
| Non-Executive Chairman | 9.3yrs | UK£80.00k | 0.22% £225.0k |
3.7yrs
Average Tenure
56yo
Average Age
Experienced Board: GHT'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: 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Gresham Technologies plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Gresham Technologies plc
- Ticker: GHT
- Exchange: LSE
- Founded: 1969
- Industry: Application Software
- Sector: Software
- Market Cap: UK£102.385m
- Shares outstanding: 68.26m
- Website: https://www.greshamtech.com
Number of Employees
Location
- Gresham Technologies plc
- Aldermary House
- 4th Floor
- London
- Greater London
- EC4N 1TX
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GHT | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Jun 1984 |
| GCU | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jun 1984 |
| GHTL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Jun 1984 |
Biography
Gresham Technologies plc, a software and services company, provides real-time transaction control and enterprise data integrity solutions in the United Kingdom and internationally. It operates through Clareti Solutions and Other Solutions segments. The company offers Clareti Transaction Control, an enterprise data control solution for data validation and real-time transaction matching and reconciliation. Its portfolio of Clareti business applications include Clareti Accounts Receivable Management for automated matching, reconciliation, and allocation to reduce the order-to-cash cycle; Clareti 24 Integration Objects to enable rapid adoption of financial message standards and transform complex data types; and Clareti Loan Control, a front-to-back loan servicing solution that enables effective and auditable management of simple and complex loan portfolios. The company also offers solutions to enterprise-level customers in various end markets. Its solutions focus in the areas of regulatory compliance, risk control, financial control, and data management. The company was formerly known as Gresham Computing plc and changed its name to Gresham Technologies plc in November 2016. Gresham Technologies plc was founded in 1969 and is headquartered in London, the United Kingdom.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/18 20:39 |
| End of Day Share Price | 2020/02/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.