GBG Plc (GBG) expects to report revenue and adjusted operating profit for FY22 well ahead of Edison Group and consensus forecasts having seen a strong performance across all three divisions in H222. In Edison’s view, there is a widening discrepancy between the company’s growth potential and its valuation. GBG is trading at a small premium to identity management peers but at a discount to higher-growth, lower-profitability identity access management and cybersecurity peers. GB Group is a specialist in identity data intelligence. Its products and services enable its customers to better understand and verify their customers and employees and are used across a range of fraud, risk management, compliance and customer on-boarding services.
Download PDF • 520KB