Is Chemring Group PLC (LON:CHG) Trading At A 37% Discount?
In this article we are going to estimate the intrinsic value of Chemring Group PLC ( LON:CHG ) by taking the forecast...
Has the U.K. Aerospace & Defense Industry valuation changed over the past few years?
|Fri, 26 Nov 2021||UK£31.0b||UK£28.7b||UK£311.2m||26.8x|
|Sun, 24 Oct 2021||UK£32.7b||UK£28.7b||UK£361.2m||26.3x|
|Tue, 21 Sep 2021||UK£32.0b||UK£28.7b||UK£360.7m||26.4x|
|Thu, 19 Aug 2021||UK£33.4b||UK£28.7b||UK£360.6m||27.7x|
|Thu, 03 Jun 2021||UK£28.7b||UK£28.8b||-UK£130,935,285.06||21.7x|
|Sun, 07 Mar 2021||UK£25.6b||UK£28.9b||UK£123.3m||18.6x|
|Wed, 09 Dec 2020||UK£26.8b||UK£29.0b||UK£837.3m||20x|
|Tue, 01 Sep 2020||UK£26.0b||UK£29.0b||UK£921.8m||21.8x|
|Fri, 05 Jun 2020||UK£25.2b||UK£28.9b||UK£1.4b||19.6x|
|Mon, 09 Mar 2020||UK£31.6b||UK£28.7b||UK£2.0b||20.2x|
|Sun, 01 Dec 2019||UK£31.9b||UK£28.1b||UK£2.1b||24.3x|
|Wed, 04 Sep 2019||UK£30.1b||UK£27.6b||UK£1.9b||22.5x|
|Sat, 08 Jun 2019||UK£25.3b||UK£27.2b||UK£1.7b||20.9x|
|Fri, 01 Mar 2019||UK£26.4b||UK£26.9b||UK£1.6b||16.4x|
|Mon, 03 Dec 2018||UK£27.4b||UK£26.6b||UK£1.5b||17.6x|
Current Industry PE: Investors are more optimistic on the industry, considering it's trading at a PE ratio of 26.8x which is higher than its 3-year average PE of 21.2x. It appears they are confident that earnings will grow faster in the future than they have historically.
Past Earnings Growth: The earnings for companies in the Aerospace & Defense industry have declined 41% per year over the last three years, while revenues for these companies have grown 2.5% per year. This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Which industries have driven the changes within the U.K. Aerospace & Defense industry?
|Aerospace and Defense||-0.96%|
Industry PE: Investors are most optimistic about the Aerospace and Defense industry which is trading above its 3-year average PE ratio of 21.2x. This is likely because analysts are expecting annual earnings growth of 16%, which is higher than its past year's earnings growth of 14% per year.
Forecasted Growth: Analysts are most optimistic on the Aerospace and Defense industry, expecting annual earnings growth of 16% over the next 5 years. This is roughly in line with its past earnings growth rate.
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