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Computacenter
(LSE:CCC)
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Rating:70Outperform
Price Target:
5,372.00 p
▲(12.15% Upside)
Action:Upgraded
Date:05/09/26
Computacenter scores 70, reflecting a company with attractive valuation and strong technical momentum offset by near-term profitability headwinds. The P/E of 7.4x stands out as compelling for an IT services firm, suggesting meaningful upside if margins recover. Strong price momentum above all moving averages confirms market confidence, though overbought technical readings introduce short-term pullback risk. Financially, the 57% revenue growth is impressive but came at the cost of margin compression and declining net income, while the balance sheet remains conservatively leveraged. The key risk is execution—whether Computacenter can translate its scale into improved profitability. The stock offers a favorable risk-reward profile for investors with a medium-term horizon willing to accept near-term margin uncertainty.
Positive Factors
Strong revenue expansion
Sustained top-line growth and a large 2025 step-up indicate strong demand for integrated sourcing and services. Durable revenue expansion supports scale benefits, enhances competitive positioning in enterprise/public IT spend, and creates a larger base for recurring services revenue over the medium term.
Negative Factors
Margin compression across income statement
Material deterioration in gross and net margins suggests structural pricing pressure or rising cost of service delivery. Sustained margin compression weakens profitability resilience, reduces cash available for strategic investment, and increases sensitivity to top-line swings in a low-margin sourcing mix.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue expansion
Sustained top-line growth and a large 2025 step-up indicate strong demand for integrated sourcing and services. Durable revenue expansion supports scale benefits, enhances competitive positioning in enterprise/public IT spend, and creates a larger base for recurring services revenue over the medium term.
Read all positive factors
Computacenter (CCC) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£4.82B
Dividend Yield1.62%
Average Volume (3M)256.63K
Price to Earnings (P/E)38.0
Beta (1Y)0.76
Revenue Growth32.01%
EPS Growth-7.80%
CountryUK
Employees20,217
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)1.21
Shares Outstanding106,243,935
10 Day Avg. Volume181,886
30 Day Avg. Volume256,633
Financial Highlights & Ratios
PEG Ratio-4.39
Price to Book (P/B)3.42
Price to Sales (P/S)0.33
P/FCF Ratio11.23
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£4,955.83Price Target Upside3.46% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)2.19
Revenue Forecast (FY)£11.33B
Computacenter Business Overview & Revenue Model
Company Description
Computacenter plc, established in 1981 and based in Hatfield, United Kingdom, operates as a prominent provider of information technology (IT) infrastructure and operational services. The company's extensive global footprint includes operations acr...
How the Company Makes Money
Computacenter makes money through a mix of product-led technology sourcing and higher-value recurring services. (1) Technology Sourcing revenue: The company earns revenue by procuring and reselling third-party IT products and services to customers...
Computacenter Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
72
Positive
Cash Flow
65
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.19B | 6.96B | 6.92B | 6.47B | 5.03B |
| Gross Profit | 1.13B | 1.03B | 1.04B | 936.20M | 860.20M |
| EBITDA | 340.20M | 268.20M | 363.00M | 349.70M | 346.20M |
| Net Income | 153.70M | 170.80M | 197.60M | 182.80M | 185.30M |
Balance Sheet | |||||
| Total Assets | 4.06B | 3.37B | 3.06B | 3.28B | 2.71B |
| Cash, Cash Equivalents and Short-Term Investments | 628.50M | 489.60M | 471.20M | 275.10M | 285.20M |
| Total Debt | 202.30M | 136.90M | 127.60M | 157.90M | 189.90M |
| Total Liabilities | 3.17B | 2.55B | 2.11B | 2.41B | 1.97B |
| Stockholders Equity | 897.90M | 810.20M | 941.70M | 865.70M | 740.50M |
Cash Flow | |||||
| Free Cash Flow | 273.80M | 398.10M | 375.50M | 206.10M | 192.00M |
| Operating Cash Flow | 295.60M | 417.10M | 410.60M | 241.60M | 222.30M |
| Investing Cash Flow | -37.60M | -38.20M | -39.40M | -62.70M | -25.30M |
| Financing Cash Flow | -122.20M | -349.40M | -163.60M | -180.50M | -226.10M |
Computacenter Technical Analysis
Positive
4790.00
Price Trends
4453.28
Positive
3950.65
Positive
3466.71
Positive
Market Momentum
110.66
Positive
64.46
Neutral
81.16
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CCC, the sentiment is Positive. The current price of 4790 is above the 20-day moving average (MA) of 4704.50, above the 50-day MA of 4453.28, and above the 200-day MA of 3466.71, indicating a bullish trend. The MACD of 110.66 indicates Positive momentum. The RSI at 64.46 is Neutral, neither overbought nor oversold. The STOCH value of 81.16 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:CCC.
Computacenter Risk Analysis
Computacenter disclosed 5 risk factors in its most recent earnings report. Computacenter reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Computacenter Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | £3.79B | 27.18 | 45.16% | 2.45% | 68.13% | 12.44% | |
70 Outperform | £4.82B | 38.00 | 14.84% | 1.56% | 32.01% | -7.80% | |
69 Neutral | £64.56M | 37.26 | 35.58% | 1.94% | 15.70% | -4.34% | |
69 Neutral | £51.88M | 28.02 | 12.27% | ― | 27.43% | ― | |
65 Neutral | £64.64M | -102.94 | -1.49% | ― | 0.98% | 93.91% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
45 Neutral | £101.01M | 3.18 | 4.57% | ― | -31.46% | 297.44% |
* Technology Sector Average
GB:CCC
Computacenter
4,884.00
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121.83%
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GB:MTEC
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Computacenter Corporate Events
Financial DisclosuresRegulatory Filings and Compliance
Computacenter Reports Unchanged Balances in Employee Share Schemes
Neutral
Aug 5, 2026
Computacenter has reported its latest six‑monthly block listing return for a series of employee and executive share option and performance share plans, covering the period from 6 February to 5 August 2026. Across all listed schemes, includin...
Regulatory Filings and Compliance
Computacenter Discloses Routine Share Transfer by CFO Associate
Neutral
Aug 3, 2026
Computacenter plc reported a transaction involving ordinary shares by a person closely associated with its chief financial officer, in line with disclosure obligations under the Market Abuse Regulation. The company continues to emphasise complianc...
Regulatory Filings and Compliance
Computacenter Discloses Share Purchase by Non-Executive Director
Positive
Jul 27, 2026
Computacenter plc disclosed a share transaction by non-executive director Kelly Kuhn, in line with Market Abuse Regulation requirements governing dealings by persons discharging managerial responsibilities. Kuhn, classified as a PDMR, filed an ini...
Regulatory Filings and Compliance
Computacenter Director Transfers Shares to Charitable Trust
Positive
Jul 27, 2026
Computacenter has disclosed a director share transaction under the Market Abuse Regulation, detailing the transfer of 125,000 ordinary shares by non-executive director Philip Hulme to The Hadley Trust for no consideration. The move marginally adju...
Regulatory Filings and Compliance
Computacenter CFO restructures shareholding via Bed and ISA transfer
Neutral
Jul 16, 2026
Computacenter has disclosed a director dealing in its ordinary shares under market abuse regulations, involving Chief Financial Officer Keith Mortimer. The transaction relates to a ‘Bed and ISA’ transfer, reflecting personal share acco...
Business Operations and StrategyFinancial Disclosures
Computacenter lifts profit outlook as strong Q2 drives order backlog surge
Positive
Jul 9, 2026
Computacenter reported a stronger than expected second quarter, building on an excellent first quarter to deliver a sharp increase in first-half profitability. The company now expects adjusted profit before tax for the first half of 2026 to be abo...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsRegulatory Filings and Compliance
Computacenter to Enter U.S. Federal IT Market With $92m Acquisition of GAI
Positive
May 28, 2026
Computacenter has agreed to acquire Government Acquisitions Inc., a Cincinnati-based value-added reseller focused on the U.S. federal government market, for an enterprise value of up to $92 million, following clearance from the Committee on Foreig...
Business Operations and StrategyExecutive/Board ChangesStock BuybackDividendsFinancial DisclosuresShareholder Meetings
Computacenter shareholders back all AGM resolutions and 51p dividend
Positive
May 19, 2026
Computacenter reported that all resolutions at its 19 May 2026 annual general meeting were approved by shareholders on a poll, including acceptance of the 2025 accounts and the remuneration report. Investors also backed a final dividend of 51 penc...
Regulatory Filings and Compliance
Computacenter CFO Increases Stake Through Employee Sharesave Scheme
Positive
May 8, 2026
Computacenter has disclosed a share transaction by its chief financial officer, Keith Mortimer, under regulatory requirements for directors and senior managers. Mortimer acquired ordinary shares in the company through the exercise of options grant...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.