Chemring Group (CHG)

Sector:

Defense and Aeronautics

Index:

FTSE 250

 365.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 366.50
  • 52 Week Low: 255.50
  • Currency: UK Pounds
  • Shares Issued: 272.35m
  • Volume: 368,188
  • Market Cap: £994.10m
  • RiskGrade: 157

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Oct-23 31-Oct-22 31-Oct-21 31-Oct-20 31-Oct-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 2.5% 1.9% 1.6% 1.5% 1.8%
           
Continuing Operations          
PE Ratio - Adjusted 13.6 15.9 17.3 17.3 17.9
PE Ratio - Diluted 21.3
14.0		 19.6
16.3		 20.3
19.5		 21.7
17.6		 24.8
24.9
PEG - Adjusted 1.7 1.3 1.4 0.5 0.3
PEG - Diluted n/a
1.7		 2.8
0.7		 1.0
9.7		 0.5
0.2		 n/a
n/a
Return on Capital Employed 13.16%
20.06%		 13.09%
15.74%		 0.17%
0.17%		 15.14%
17.72%		 11.01%
11.01%
Operating Margin 9.61%
14.64%		 12.32%
14.81%		 12.81%
13.22%		 11.50%
13.47%		 9.34%
9.34%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 13.8 15.0 1,714.6 17.3 16.5
PE Ratio - Diluted 147.1
14.2		 18.4
15.3		 2,012.3
1,927.9		 21.7
17.6		 26.1
22.3
PEG - Adjusted n/a 0.0 n/a 0.7 0.0
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 0.4
0.3		 n/a
0.0

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Oct-23 31-Oct-22 31-Oct-21 31-Oct-20 31-Oct-19
Net Gearing 3.78% 1.70% 7.51% 14.59% 24.11%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Oct-23 31-Oct-22 31-Oct-21 31-Oct-20 31-Oct-19
Price/Book Value 2.9 2.9 3.6 3.6 3.3
Price/Tangible Book Value 2.9 2.9 3.6 3.6 3.1
Price/ Cash Flow 11.9 10.5 10.9 9.7 9.1
Price/Revenue 1.67 2.11 207.48 1.82 1.68
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 95.28p 102.89p 81.68p 72.67p 61.41p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Oct-23 31-Oct-22 31-Oct-21 31-Oct-20 31-Oct-19
Continuing Operations          
Revenue 472.60 401.00 3.97 402.50 335.20
EBITDA 67.70
91.50		 71.20
81.20		 0.70
0.72		 46.30
54.20		 60.60
60.60
Depreciation (22.30)
(22.30)		 (21.80)
(21.80)		 (0.19)
(0.19)		 n/a
n/a		 (29.30)
(29.30)
Net Interest (1.30)
(1.30)		 (1.50)
(1.50)		 (0.02)
(0.02)		 (3.00)
(3.00)		 (4.60)
(4.60)
Profit Before Tax 44.10
67.90		 47.90
57.90		 0.49
0.51		 43.30
51.20		 26.70
26.70
           
Revenue per Share 167.77p 142.96p 1.41p 143.03p 119.67p
Pre-Tax Profit per Share 15.65p
24.10p		 17.08p
20.64p		 0.17p
0.18p		 15.39p
18.20p		 9.53p
9.53p
Market Capitalisation £ (Millions) 784.96 856.30 828.21 736.82 567.80
Enterprise Value (EV) £ (Millions) 804.86 882.50 859.51 799.22 644.50
EBITDA/EV 8.41%
11.37%		 8.07%
9.20%		 0.08%
0.08%		 5.79%
6.78%		 9.40%
9.40%
Operating Margin 9.61%
14.64%		 12.32%
14.81%		 12.81%
13.22%		 11.50%
13.47%		 9.34%
9.34%
Capital Employed £ (Millions) 344.90 377.50 307.90 305.90 284.30
Return on Capital Employed 13.16%
20.06%		 13.09%
15.74%		 0.17%
0.17%		 15.14%
17.72%		 11.01%
11.01%
Invested Equity Capital £ (Millions) 434.30 480.10 398.40 368.20 349.00
           
Earnings per Share - Basic 13.40p
20.48p		 15.80p
19.00p		 14.70p
15.37p		 12.30p
15.14p		 8.20p
8.25p
Earnings per Share - Diluted 13.10p
19.98p		 15.40p
18.49p		 14.40p
15.03p		 12.00p
14.77p		 8.10p
8.07p
Earnings per Share - Adjusted 20.50p 19.00p 16.90p 15.10p 11.20p
Earnings per Share Growth - Basic -15%
8%		 8%
24%		 20%
2%		 50%
84%		 n/a
n/a
Earnings per Share Growth - Diluted -15%
8%		 7%
23%		 20%
2%		 48%
83%		 n/a
n/a
Earnings per Share Growth - Adjusted 8% 12% 12% 35% 62%
PE Ratio - Diluted 21.3
14.0		 19.6
16.3		 20.3
19.5		 21.7
17.6		 24.8
24.9
PEG - Diluted n/a
1.7		 2.8
0.7		 1.0
9.7		 0.5
0.2		 n/a
n/a
Tax Rate 14.51% 7.31% 14.96% 19.86% 13.48%
Dividend Cover 2.97
2.97		 3.33
3.33		 3.52
3.20		 3.87
3.88		 3.11
2.29
Interest Cover 34.92
53.23		 32.93
39.60		 31.50
32.50		 15.43
18.07		 6.80
6.80
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 1.90p
20.16p		 16.90p
20.25p		 0.15p
0.15p		 12.30p
15.14p		 7.80p
9.21p
Earnings per Share - Diluted 1.90p
19.67p		 16.40p
19.71p		 0.14p
0.15p		 12.00p
14.77p		 7.70p
9.02p
Earnings per Share - Adjusted 20.20p 20.20p 0.17p 15.10p 12.20p
Earnings per Share Growth - Basic -89%
-0%		 11,290%
12,950%		 -99%
-99%		 58%
64%		 n/a
2,333%
Earnings per Share Growth - Diluted -88%
-0%		 11,183%
12,890%		 -99%
-99%		 56%
64%		 n/a
2,334%
Earnings per Share Growth - Adjusted n/a 11,741% -99% 24% 571%
PE Ratio - Diluted 147.1
14.2		 18.4
15.3		 2,012.3
1,927.9		 21.7
17.6		 26.1
22.3
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 0.4
0.3		 n/a
0.0
Dividend Cover 2.93
2.92		 3.54
3.55		 0.04
0.03		 3.87
3.88		 3.39
2.56
Return on Equity (ROE) 1.24%
13.08%		 9.87%
11.83%		 0.11%
0.11%		 9.42%
11.57%		 6.28%
7.39%
Operating Cash Flow per Share 23.39p 28.70p 26.88p 26.97p 22.10p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (4.86p) 5.06p (0.034p) 6.54p (4.50p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 6.90p 5.70p 4.80p 3.90p 3.60p
Dividend per Share Growth 21.05% 18.75% 23.08% 8.33% 9.09%
Dividend Yield 2.5% 1.9% 1.6% 1.5% 1.8%
Shareholders Funds 378.50 418.10 352.80 329.60 313.60
Net Borrowings £ (Millions) 14.30 7.10 26.50 48.10 75.60
Net Asset Value per Share (inc. Intangibles) 95.28p 102.89p 81.68p 72.67p 64.19p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Oct-23 31-Oct-22 31-Oct-21 31-Oct-20 31-Oct-19
Shareholders' Funds inc Intangibles 378.50 418.10 352.80 329.60 313.60
Net Borrowings £ (Millions) 14.30 7.10 26.50 48.10 75.60
Net Gearing 3.78% 1.70% 7.51% 14.59% 24.11%
Cash & Near Cash 6.40 19.80 5.80 14.70 1.30
Cash 1.69% 4.74% 1.64% 4.46% 0.41%
Gross Borrowings 20.70 26.90 32.30 62.80 76.90
Gross Gearing 5.47% 6.43% 9.16% 19.05% 24.52%
Borrowings Under 5 years 20.70 26.90 32.30 62.80 76.90
Under 5 years 5.47% 6.43% 9.16% 19.05% 24.52%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Oct-23 31-Oct-22 31-Oct-21 31-Oct-20 31-Oct-19
Shareholders' Funds exc Intangibles 268.40 288.60 230.00 204.50 179.80
Net Borrowings £ (Millions) 14.30 7.10 26.50 48.10 75.60
Net Gearing 5.33% 2.46% 11.52% 23.52% 42.05%
Cash & Near Cash 6.40 19.80 5.80 14.70 1.30
Cash 2.38% 6.86% 2.52% 7.19% 0.72%
Gross Borrowings 20.70 26.90 32.30 62.80 76.90
Gross Gearing 7.71% 9.32% 14.04% 30.71% 42.77%
Borrowings Under 5 years 20.70 26.90 32.30 62.80 76.90
Under 5 years 7.71% 9.32% 14.04% 30.71% 42.77%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 31-Oct-23 31-Oct-22 31-Oct-21 31-Oct-20 31-Oct-19
Quick Ratio 0.58 0.72 0.66 0.70 0.38
Current Ratio 1.29 1.59 1.44 1.51 0.91

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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