Added to YB: 2026-03-30
Pitch date: 2026-02-03
CMGMY [bullish]
Chemring Group PLC
-3.58%
current return
Author Info
No bio for this author
Company Info
Chemring Group PLC provides countermeasures, sensors, information, and energy products in the United States, the United Kingdom, Europe, the Asia pacific, and internationally.
Market Cap
GBP 1.4B
Pitch Price
GBP 5.04
Price Target
9.29 (+91%)
Dividend
1.60%
EV/EBITDA
14.89
P/E
25.85
EV/Sales
2.91
Sector
Aerospace and Defense
Category
growth
Chemring Group PLC - $CMGMY
CHG.LN: UK defense specialist w/ £1bn+ order backlog (76% of FY2026 rev secured). Countermeasures & Energetics + Roke cyber/intel arm. NATO rearmament driving orders; multi-year contracts providing visibility. £180M Norway capacity expansion (£90M gov grants) adds £60M rev, £20M EBIT at 30% margin by 2028. Tennessee plant issues pressured margins; legacy low-margin US contracts rolling off. 0.9x net debt/EBITDA, 101% 3yr avg OCF conversion. PT £9.29 (+86% upside) on probability-weighted scenarios.
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