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Gresham Technologies

LSE:GHT
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GHT
LSE
£72M
Market Cap
  1. Home
  2. GB
  3. Software
Company description

Gresham Technologies plc, a software and services company, provides real-time transaction control and enterprise data integrity solutions in the United Kingdom and internationally. The last earnings update was 69 days ago. More info.


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GHT Share Price and Events
7 Day Returns
0%
LSE:GHT
4.5%
GB Software
1.3%
GB Market
1 Year Returns
-48%
LSE:GHT
8.4%
GB Software
-5%
GB Market
GHT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gresham Technologies (GHT) 0% 11.1% 15.3% -48% 4.5% -21.4%
GB Software 4.5% 2.7% 10.7% 8.4% 34% 77.2%
GB Market 1.3% -1.6% 1.9% -5% 15.8% 2.5%
1 Year Return vs Industry and Market
  • GHT underperformed the Software industry which returned 8.4% over the past year.
  • GHT underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -5% over the past year.
Price Volatility
GHT
Industry
5yr Volatility vs Market

GHT Value

 Is Gresham Technologies undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Gresham Technologies to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Gresham Technologies.

LSE:GHT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:GHT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Software Unlevered Beta Simply Wall St/ S&P Global 1.15
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.149 (1 + (1- 19%) (0%))
1.1
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.1 * 6.65%)
8.54%

Discounted Cash Flow Calculation for LSE:GHT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Gresham Technologies is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

LSE:GHT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 8.54%)
2019 -0.10 Analyst x1 -0.09
2020 0.50 Analyst x1 0.42
2021 0.45 Est @ -9.49% 0.35
2022 0.42 Est @ -6.28% 0.31
2023 0.41 Est @ -4.03% 0.27
2024 0.40 Est @ -2.45% 0.24
2025 0.39 Est @ -1.35% 0.22
2026 0.39 Est @ -0.57% 0.20
2027 0.39 Est @ -0.03% 0.19
2028 0.39 Est @ 0.34% 0.17
Present value of next 10 years cash flows £2.29
LSE:GHT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £0.39 × (1 + 1.23%) ÷ (8.54% – 1.23%)
£5.41
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £5.41 ÷ (1 + 8.54%)10
£2.38
LSE:GHT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £2.29 + £2.38
£4.67
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £4.67 / 68.16
£0.07
LSE:GHT Discount to Share Price
Calculation Result
Value per share (GBP) From above. £0.07
Current discount Discount to share price of £1.06
= -1 x (£1.06 - £0.07) / £0.07
-1440.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Gresham Technologies is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Gresham Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gresham Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:GHT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £-0.03
LSE:GHT Share Price ** LSE (2019-05-20) in GBP £1.06
United Kingdom of Great Britain and Northern Ireland Software Industry PE Ratio Median Figure of 35 Publicly-Listed Software Companies 30.01x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 788 Publicly-Listed Companies 16.24x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Gresham Technologies.

LSE:GHT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:GHT Share Price ÷ EPS (both in GBP)

= 1.06 ÷ -0.03

-34.33x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gresham Technologies is loss making, we can't compare its value to the GB Software industry average.
  • Gresham Technologies is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Gresham Technologies's expected growth come at a high price?
Raw Data
LSE:GHT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -34.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
136.2%per year
United Kingdom of Great Britain and Northern Ireland Software Industry PEG Ratio Median Figure of 24 Publicly-Listed Software Companies 2.24x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 574 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Gresham Technologies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Gresham Technologies's assets?
Raw Data
LSE:GHT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £0.36
LSE:GHT Share Price * LSE (2019-05-20) in GBP £1.06
United Kingdom of Great Britain and Northern Ireland Software Industry PB Ratio Median Figure of 74 Publicly-Listed Software Companies 2.89x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,368 Publicly-Listed Companies 1.51x
LSE:GHT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:GHT Share Price ÷ Book Value per Share (both in GBP)

= 1.06 ÷ 0.36

2.95x

* Primary Listing of Gresham Technologies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gresham Technologies is overvalued based on assets compared to the GB Software industry average.
X
Value checks
We assess Gresham Technologies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. Gresham Technologies has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

GHT Future Performance

 How is Gresham Technologies expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
136.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gresham Technologies expected to grow at an attractive rate?
  • Gresham Technologies's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Gresham Technologies's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Gresham Technologies's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:GHT Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:GHT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 136.2%
LSE:GHT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 14.5%
United Kingdom of Great Britain and Northern Ireland Software Industry Earnings Growth Rate Market Cap Weighted Average 17.3%
United Kingdom of Great Britain and Northern Ireland Software Industry Revenue Growth Rate Market Cap Weighted Average 7.9%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.8%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:GHT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:GHT Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 26 4 1 2
2019-12-31 25 3 0 2
LSE:GHT Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 19 2 -2
2018-06-30 21 4 2
2018-03-31 21 4 3
2017-12-31 21 5 3
2017-09-30 20 6 3
2017-06-30 19 7 3
2017-03-31 18 7 3
2016-12-31 17 6 3
2016-09-30 16 5 2
2016-06-30 16 4 2
2016-03-31 15 3 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Gresham Technologies's earnings are expected to grow significantly at over 20% yearly.
  • Gresham Technologies's revenue is expected to grow by 14.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:GHT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Gresham Technologies Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:GHT Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.01 0.01 0.01 1.00
2019-12-31 0.00 0.00 0.00 1.00
LSE:GHT Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 -0.03
2018-06-30 0.03
2018-03-31 0.04
2017-12-31 0.04
2017-09-30 0.05
2017-06-30 0.05
2017-03-31 0.04
2016-12-31 0.04
2016-09-30 0.04
2016-06-30 0.03
2016-03-31 0.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Gresham Technologies is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Gresham Technologies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Gresham Technologies has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

GHT Past Performance

  How has Gresham Technologies performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Gresham Technologies's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Gresham Technologies does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Gresham Technologies's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Gresham Technologies's 1-year growth to the GB Software industry average as it is not currently profitable.
Earnings and Revenue History
Gresham Technologies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Gresham Technologies Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:GHT Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 19.27 -2.08 17.38
2018-06-30 21.22 1.95 16.16
2018-03-31 21.44 2.88 15.50
2017-12-31 20.79 3.01 14.75
2017-09-30 20.39 3.49 13.99
2017-06-30 19.12 3.18 13.14
2017-03-31 18.14 2.89 12.37
2016-12-31 17.16 2.61 11.61
2016-09-30 16.36 2.29 11.20
2016-06-30 15.57 1.97 10.79
2016-03-31 15.20 1.96 10.55
2015-12-31 14.84 1.95 10.31
2015-09-30 14.19 1.55 9.88
2015-06-30 13.55 1.15 9.45
2015-03-31 13.19 1.12 9.02
2014-12-31 12.83 1.10 8.59
2014-09-30 13.41 1.67 8.48
2014-06-30 13.99 2.25 8.37
2014-03-31 14.02 2.27 8.23
2013-12-31 14.05 2.28 8.08
2013-09-30 12.80 2.16 7.36
2013-06-30 11.55 2.05 6.65
2013-03-31 10.94 2.02 6.34
2012-12-31 10.33 1.99 6.03
2012-09-30 10.86 1.97 6.70
2012-06-30 11.38 1.94 7.37

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Gresham Technologies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Gresham Technologies has efficiently used its assets last year compared to the GB Software industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Gresham Technologies improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Gresham Technologies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Gresham Technologies has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

GHT Health

 How is Gresham Technologies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Gresham Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gresham Technologies's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Gresham Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Gresham Technologies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Gresham Technologies has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Gresham Technologies Company Filings, last reported 4 months ago.

LSE:GHT Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 24.35 0.00 5.32
2018-06-30 24.78 0.00 6.99
2018-03-31 24.78 0.00 6.99
2017-12-31 25.52 0.00 8.48
2017-09-30 25.52 0.00 8.48
2017-06-30 23.10 0.00 7.81
2017-03-31 23.10 0.00 7.81
2016-12-31 21.15 0.00 7.21
2016-09-30 21.15 0.00 7.21
2016-06-30 16.17 0.00 3.91
2016-03-31 16.17 0.00 3.91
2015-12-31 14.93 0.00 4.67
2015-09-30 14.93 0.00 4.67
2015-06-30 13.76 0.00 4.00
2015-03-31 13.76 0.00 4.00
2014-12-31 12.89 0.00 4.71
2014-09-30 12.89 0.00 4.71
2014-06-30 12.69 0.00 4.77
2014-03-31 12.69 0.00 4.77
2013-12-31 11.05 0.00 4.39
2013-09-30 11.05 0.00 4.39
2013-06-30 6.89 0.00 1.97
2013-03-31 6.89 0.00 1.97
2012-12-31 6.14 0.00 2.89
2012-09-30 6.14 0.00 2.89
2012-06-30 4.99 0.00 2.86
  • Gresham Technologies has no debt.
  • Gresham Technologies has not taken on any debt in the past 5 years.
  • Gresham Technologies has no debt, it does not need to be covered by operating cash flow.
  • Gresham Technologies has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Gresham Technologies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Gresham Technologies has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

GHT Dividends

 What is Gresham Technologies's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.47%
Current annual income from Gresham Technologies dividends. Estimated to be 0.49% next year.
If you bought £2,000 of Gresham Technologies shares you are expected to receive £9 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Gresham Technologies's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.99%).
  • Gresham Technologies's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.21%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:GHT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Software Industry Average Dividend Yield Market Cap Weighted Average of 29 Stocks 2.4%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.3%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:GHT Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.01 2.00
2019-12-31 0.01 2.00
LSE:GHT Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-03-12 0.005 0.537
2018-03-13 0.005 0.371

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gresham Technologies is not paying a notable dividend for United Kingdom of Great Britain and Northern Ireland, therefore no need to check if the payments are stable.
  • Gresham Technologies is not paying a notable dividend for United Kingdom of Great Britain and Northern Ireland, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Gresham Technologies's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Gresham Technologies's dividends as it is not paying a notable one for United Kingdom of Great Britain and Northern Ireland.
Future Payout to shareholders
  • No need to calculate the sustainability of Gresham Technologies's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.
X
Income/ dividend checks
We assess Gresham Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Gresham Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gresham Technologies has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

GHT Management

 What is the CEO of Gresham Technologies's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ian Manocha
COMPENSATION £349,446
TENURE AS CEO 3.9 years
CEO Bio

Mr. Ian 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, Inc. Mr. Manocha served as the Managing Director SAS UK and Ireland at SAS Software Limited and served as its member of the SAS EMEA Executive Board. Mr. Manocha joined SAS in 1996 to develop its Manchester sales office and in 2000 he moved to the SAS UK head office to take up the position of Sales Director. In 2005, his career took on an international dimension when he became responsible for the direction of SAS' financial services business across Europe, the Middle East and Africa In 2007, he moved to Vienna, where as Managing Director of SAS Austria he was responsible for major customers across Central and Eastern Europe. A civil engineer with a military background, he entered the business technology world just under 25 years ago when he joined ICL (now Fujitsu), where he initially worked on government and Defense contracts followed by a move into selling into the insurance industry. Mr. Manocha holds a BSc Honours degree in Civil Engineering from Southampton University.

CEO Compensation
  • Ian's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Ian's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the Gresham Technologies management team in years:

1.8
Average Tenure
  • The average tenure for the Gresham Technologies management team is less than 2 years, this suggests a new team.
Management Team

Ian Manocha

TITLE
CEO & Executive Director
COMPENSATION
£349K
TENURE
3.9 yrs

Tom Mullan

TITLE
CFO & Executive Director
COMPENSATION
£197K
AGE
35
TENURE
1.2 yrs

Neil Vernon

TITLE
Chief Technology Officer

Jonathan Cathie

TITLE
General Counsel & Company Secretary
TENURE
5.5 yrs

Paul White

TITLE
Chief Marketing Officer
TENURE
1.3 yrs

Ali Cowen

TITLE
Director of People and Places
TENURE
1.8 yrs

Tom Olsson

TITLE
Managing Director of Asia Pacific
TENURE
10.3 yrs

Paul Baker

TITLE
Head of Strategic Accounts
TENURE
1 yrs
Board of Directors Tenure

Average tenure and age of the Gresham Technologies board of directors in years:

3
Average Tenure
56
Average Age
  • The average tenure for the Gresham Technologies board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ken Archer

TITLE
Non-Executive Chairman
COMPENSATION
£80K
AGE
66
TENURE
8.5 yrs

Ian Manocha

TITLE
CEO & Executive Director
COMPENSATION
£349K
TENURE
3.9 yrs

Tom Mullan

TITLE
CFO & Executive Director
COMPENSATION
£197K
AGE
35
TENURE
1.2 yrs

Imogen Joss

TITLE
Senior Independent Non-Executive Director
COMPENSATION
£40K
AGE
55

Andy Balchin

TITLE
Independent Non-Executive Director
COMPENSATION
£40K
AGE
57
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Gresham Technologies insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
04. Apr 19 Buy Thomas Mullan Individual 03. Apr 19 03. Apr 19 10,940 £0.91 £9,999
X
Management checks
We assess Gresham Technologies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Gresham Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

GHT News

Simply Wall St News

What Kind Of Share Price Volatility Should You Expect For Gresham Technologies plc (LON:GHT)?

In finance, Beta is a measure of volatility. … Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility).

Simply Wall St -

Introducing Gresham Technologies (LON:GHT), The Stock That Slid 58% In The Last Year

While it may not be enough for some shareholders, we think it is good to see the Gresham Technologies plc (LON:GHT) share price up 29% in a single quarter. … During that time the share price has sank like a stone, descending 58%. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.

Simply Wall St -

Should You Worry About Gresham Technologies plc's (LON:GHT) CEO Pay?

Ian Manocha has been the CEO of Gresham Technologies plc (LON:GHT) since 2015. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Ian Manocha's Compensation Compare With Similar Sized Companies?

Simply Wall St -

What You Must Know About Gresham Technologies plc's (LON:GHT) Beta Value

If you own shares in Gresham Technologies plc (LON:GHT) then it's worth thinking about how it contributes to the volatility of your portfolio, overall. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider.

Simply Wall St -

What Is Gresham Technologies plc's (LON:GHT) Share Price Doing?

saw a significant share price rise of over 20% in the past couple of months on the LSE. … Less-covered, small caps tend to present more of an opportunity for mispricing due to the lack of information available to the public, which can be a good thing? … Today I will analyse the most recent data on Gresham Technologies’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

Intrinsic Calculation For Gresham Technologies plc (LON:GHT) Shows Investors Are Overpaying

by projecting its future cash flows and then discounting them to today's value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

Gresham Technologies plc (LON:GHT): The Return Story

and want to begin learning the link between Gresham Technologies plc (LON:GHT)’s return fundamentals and stock market performance. … This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … To understand Gresham Technologies’s capital returns we will look at a useful metric called return on capital employed.

Simply Wall St -

Is Gresham Technologies plc's (LON:GHT) CEO Paid Enough Relative To Peers?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … We looked at a group of companies with market capitalizations under UK£156m, and the median CEO compensation was UK£245k. … Thus we can conclude that Ian Manocha receives more in total compensation than the median of a group of companies in the same market, and of similar size to Gresham Technologies plc

Simply Wall St -

Why Gresham Technologies plc's (LON:GHT) ROE Of 7.88% Does Not Tell The Whole Story

Gresham Technologies plc (LON:GHT) delivered a less impressive 7.88% ROE over the past year, compared to the 11.55% return generated by its industry. … An investor may attribute an inferior ROE to a relatively inefficient performance, and whilst this can often be the case, knowing the nuts and bolts of the ROE calculation may change that perspective and give you a deeper insight into GHT's past performance. … View our latest analysis for Gresham Technologies

Simply Wall St -

Gresham Technologies plc (LON:GHT): Why Return On Capital Employed Is Important

and want to better understand how you can grow your money by investing in Gresham Technologies plc (LON:GHT). … As a result, your investment is being put to work to fund operations and if you want to earn an attractive return on your investment, the business needs to be making an adequate amount of money from the funds you provide. … Thus, to understand how your money can grow by investing in Gresham Technologies, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

GHT Company Info

Description

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.

Details
Name: Gresham Technologies plc
GHT
Exchange: LSE
Founded: 1969
£71,910,843
68,161,937
Website: http://www.greshamtech.com
Address: Gresham Technologies plc
Aldermary House,
4th Floor,
London,
Greater London, EC4N 1TX,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE GHT Ordinary Shares London Stock Exchange GB GBP 29. Jun 1984
DB GCU Ordinary Shares Deutsche Boerse AG DE EUR 29. Jun 1984
Number of employees
Current staff
Staff numbers
138
Gresham Technologies employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 20:39
End of day share price update: 2019/05/20 00:00
Last estimates confirmation: 2019/03/12
Last earnings filing: 2019/03/12
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.