AIM:CHRT

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Executive Summary

Cohort plc, through its subsidiaries, provides various products and services in defense and security markets in the United Kingdom, Portugal, North and South America, and other European countries. More Details


Snowflake Analysis

Solid track record with excellent balance sheet and pays a dividend.


Similar Companies

Share Price & News

How has Cohort's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CHRT is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CHRT's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

3.6%

CHRT

0.5%

GB Aerospace & Defense

0.3%

GB Market


1 Year Return

0.5%

CHRT

-16.1%

GB Aerospace & Defense

0.8%

GB Market

Return vs Industry: CHRT exceeded the UK Aerospace & Defense industry which returned -16.7% over the past year.

Return vs Market: CHRT matched the UK Market which returned 1.1% over the past year.


Shareholder returns

CHRTIndustryMarket
7 Day3.6%0.5%0.3%
30 Day-1.5%5.2%3.2%
90 Day0%-5.6%4.5%
1 Year2.1%0.5%-13.2%-16.1%6.7%0.8%
3 Year79.6%69.7%3.9%-6.8%11.5%-1.9%
5 Year102.9%84.6%18.1%0.02%41.8%14.5%

Long-Term Price Volatility Vs. Market

How volatile is Cohort's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Cohort undervalued compared to its fair value and its price relative to the market?

31.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CHRT (£6.11) is trading below our estimate of fair value (£8.96)

Significantly Below Fair Value: CHRT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CHRT is poor value based on its PE Ratio (26.9x) compared to the GB Aerospace & Defense industry average (21.3x).

PE vs Market: CHRT is poor value based on its PE Ratio (26.9x) compared to the UK market (24.3x).


Price to Earnings Growth Ratio

PEG Ratio: CHRT is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: CHRT is overvalued based on its PB Ratio (3.4x) compared to the GB Aerospace & Defense industry average (2.1x).


Next Steps

Future Growth

How is Cohort forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

27.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CHRT's forecast earnings growth (27.5% per year) is above the savings rate (1%).

Earnings vs Market: CHRT's earnings (27.5% per year) are forecast to grow faster than the UK market (22.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CHRT's revenue (8.4% per year) is forecast to grow faster than the UK market (7.3% per year).

High Growth Revenue: CHRT's revenue (8.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CHRT's Return on Equity is forecast to be low in 3 years time (16.8%).


Next Steps

Past Performance

How has Cohort performed over the past 5 years?

9.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CHRT has high quality earnings.

Growing Profit Margin: CHRT's current net profit margins (7.4%) are higher than last year (5.1%).


Past Earnings Growth Analysis

Earnings Trend: CHRT's earnings have grown by 9.9% per year over the past 5 years.

Accelerating Growth: CHRT's earnings growth over the past year (26.8%) exceeds its 5-year average (9.9% per year).

Earnings vs Industry: CHRT earnings growth over the past year (26.8%) exceeded the Aerospace & Defense industry 10.4%.


Return on Equity

High ROE: CHRT's Return on Equity (11.7%) is considered low.


Next Steps

Financial Health

How is Cohort's financial position?


Financial Position Analysis

Short Term Liabilities: CHRT's short term assets (£80.7M) exceed its short term liabilities (£38.1M).

Long Term Liabilities: CHRT's short term assets (£80.7M) exceed its long term liabilities (£33.9M).


Debt to Equity History and Analysis

Debt Level: CHRT's debt to equity ratio (32.2%) is considered satisfactory.

Reducing Debt: CHRT's debt to equity ratio has increased from 0.1% to 32.2% over the past 5 years.

Debt Coverage: CHRT's debt is well covered by operating cash flow (34.2%).

Interest Coverage: CHRT's interest payments on its debt are well covered by EBIT (17.1x coverage).


Balance Sheet


Next Steps

Dividend

What is Cohort current dividend yield, its reliability and sustainability?

1.65%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CHRT's dividend (1.65%) is higher than the bottom 25% of dividend payers in the UK market (1.47%).

High Dividend: CHRT's dividend (1.65%) is low compared to the top 25% of dividend payers in the UK market (4.48%).


Stability and Growth of Payments

Stable Dividend: CHRT's dividends per share have been stable in the past 10 years.

Growing Dividend: CHRT's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (45.9%), CHRT's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CHRT's dividends in 3 years are forecast to be well covered by earnings (31.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.7yrs

Average management tenure


CEO

Andy Thomis (56 yo)

11.83yrs

Tenure

UK£486,697

Compensation

Mr. Andrew Stephen Thomis, also known as Andy, has been the Chief Executive at Cohort plc, wholly owned subsidiary of Mass Consultants Ltd. since May 2009 and at Systems Consultants Services Limited. Mr. T...


CEO Compensation Analysis

Compensation vs Market: Andy's total compensation ($USD679.06K) is about average for companies of similar size in the UK market ($USD765.56K).

Compensation vs Earnings: Andy's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Andrew Thomis
Chief Executive & Director11.83yrsUK£486.70k0.47%
£ 1.1m
Simon Walther
Finance Director & Executive Director14.83yrsUK£381.33k0.47%
£ 1.1m
Raquel McGrath
Company Secretary & General Counsel0.42yrno datano data
Chris Stanley
Managing Director of MASS3.92yrsno datano data
Shane Knight
Managing Director of MCL2.17yrsno datano data
Graham Beall
Managing Director of Chess28.17yrsno datano data
Frederico Lemos
MD & Executive President of EID0.25yrno datano data
Ole Schneider
Joint Managing Director of ELAC SONAR1.17yrsno datano data
Bernd Szukay
Joint Managing Director of ELAC SONAR1.17yrsno datano data
Richard Flitton
Managing Director of SEA0.17yrno datano data

1.7yrs

Average Tenure

56yo

Average Age

Experienced Management: CHRT's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Andrew Thomis
Chief Executive & Director11.83yrsUK£486.70k0.47%
£ 1.1m
Simon Walther
Finance Director & Executive Director14.83yrsUK£381.33k0.47%
£ 1.1m
Jeffrey Perrin
Senior Independent Director1.67yrsUK£45.00k0.0098%
£ 23.6k
Nicholas Prest
Chairman of the Board15yrsUK£90.00k4.39%
£ 10.6m
Albert Edward Carter
Non Executive Director15.17yrsUK£45.00k22.29%
£ 53.8m
Edward Anthony Lowe
Independent Non-Executive Director1.67yrsUK£37.50kno data

13.3yrs

Average Tenure

66.5yo

Average Age

Experienced Board: CHRT's board of directors are seasoned and experienced ( 13.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CHRT insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Cohort plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Cohort plc
  • Ticker: CHRT
  • Exchange: AIM
  • Founded: 2006
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: UK£241.401m
  • Shares outstanding: 40.85m
  • Website: https://www.cohortplc.com

Number of Employees


Location

  • Cohort plc
  • One Waterside Drive
  • Arlington Business Park
  • Reading
  • Berkshire
  • RG7 4SW
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CHRTAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPMar 2006
C7KDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMar 2006

Biography

Cohort plc, through its subsidiaries, provides various products and services in defense and security markets in the United Kingdom, Portugal, North and South America, and other European countries. The comp...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/03 18:51
End of Day Share Price2021/03/03 00:00
Earnings2020/10/31
Annual Earnings2020/04/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.