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CML

CML MicrosystemsAIM:CML Stock Report

Market Cap

UK£69.7m

7D

-3.5%

1Y

48.2%

Updated

01 Dec, 2021

Data

Company Financials +
CML fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance4/6
Financial Health6/6
Dividends2/6

CML Stock Overview

CML Microsystems Plc, through its subsidiaries, designs, manufactures, and markets mixed-signal, radio frequency (RF), and microwave semiconductors for communications markets worldwide.

Price History & Performance

Summary of all time highs, changes and price drops for CML Microsystems
Historical stock prices
Current Share PriceUK£4.15
52 Week HighUK£4.76
52 Week LowUK£2.74
Beta1.1
1 Month Change-2.35%
3 Month Change3.23%
1 Year Change48.21%
3 Year Change-5.90%
5 Year Change15.28%
Change since IPO56.60%

Recent News & Updates

Jun 18
Is Now The Time To Look At Buying CML Microsystems plc (LON:CML)?

Is Now The Time To Look At Buying CML Microsystems plc (LON:CML)?

While CML Microsystems plc ( LON:CML ) might not be the most widely known stock at the moment, it saw a significant...

Shareholder Returns

CMLGB SemiconductorGB Market
7D-3.5%-9.0%-2.6%
1Y48.2%-24.0%10.9%

Return vs Industry: CML exceeded the UK Semiconductor industry which returned -24% over the past year.

Return vs Market: CML exceeded the UK Market which returned 13.8% over the past year.

Price Volatility

Is CML's price volatile compared to industry and market?
CML volatility
CML Average Weekly Movement2.5%
Semiconductor Industry Average Movement8.1%
Market Average Movement4.9%
10% most volatile stocks in GB Market9.8%
10% least volatile stocks in GB Market2.5%

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

Volatility Over Time: CML's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1968147Chris Gurryhttps://www.cmlmicroplc.com

CML Microsystems Plc, through its subsidiaries, designs, manufactures, and markets mixed-signal, radio frequency (RF), and microwave semiconductors for communications markets worldwide. It primarily offers high performance RF products and mixed-signal baseband/modem processors, as well as microwave/millimetre wave semiconductors for wireless voice and data communications. The company provides its products for professional and industrial voice and/or data communications products.

CML Microsystems Fundamentals Summary

How do CML Microsystems's earnings and revenue compare to its market cap?
CML fundamental statistics
Market CapUK£69.71m
Earnings (TTM)UK£1.89m
Revenue (TTM)UK£14.33m

36.5x

P/E Ratio

4.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CML income statement (TTM)
RevenueUK£14.33m
Cost of RevenueUK£4.90m
Gross ProfitUK£9.43m
ExpensesUK£7.54m
EarningsUK£1.89m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.11
Gross Margin65.79%
Net Profit Margin13.18%
Debt/Equity Ratio0%

How did CML perform over the long term?

See historical performance and comparison

Valuation

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

36.46x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CML (£4.2) is trading above our estimate of fair value (£1.27)

Significantly Below Fair Value: CML is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CML is good value based on its PE Ratio (36.9x) compared to the European Semiconductor industry average (40.4x).

PE vs Market: CML is poor value based on its PE Ratio (36.9x) compared to the UK market (19x).


Price to Earnings Growth Ratio

PEG Ratio: CML is poor value based on its PEG Ratio (4.8x)


Price to Book Ratio

PB vs Industry: CML is good value based on its PB Ratio (1.5x) compared to the GB Semiconductor industry average (2.5x).


Future Growth

How is CML Microsystems forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

7.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CML's forecast earnings growth (7.7% per year) is above the savings rate (0.9%).

Earnings vs Market: CML's earnings (7.7% per year) are forecast to grow slower than the UK market (12.6% per year).

High Growth Earnings: CML's earnings are forecast to grow, but not significantly.

Revenue vs Market: CML's revenue (12.8% per year) is forecast to grow faster than the UK market (4.9% per year).

High Growth Revenue: CML's revenue (12.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CML's Return on Equity is forecast to be high in 3 years time


Past Performance

How has CML Microsystems performed over the past 5 years?

-31.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CML has high quality earnings.

Growing Profit Margin: CML's current net profit margins (13.2%) are higher than last year (0.8%).


Past Earnings Growth Analysis

Earnings Trend: CML's earnings have declined by 31.9% per year over the past 5 years.

Accelerating Growth: CML's earnings growth over the past year (2719.4%) exceeds its 5-year average (-31.9% per year).

Earnings vs Industry: CML earnings growth over the past year (2719.4%) exceeded the Semiconductor industry 100.8%.


Return on Equity

High ROE: CML's Return on Equity (4.1%) is considered low.


Financial Health

How is CML Microsystems's financial position?


Financial Position Analysis

Short Term Liabilities: CML's short term assets (£28.0M) exceed its short term liabilities (£3.3M).

Long Term Liabilities: CML's short term assets (£28.0M) exceed its long term liabilities (£9.0M).


Debt to Equity History and Analysis

Debt Level: CML is debt free.

Reducing Debt: CML had no debt 5 years ago.

Debt Coverage: CML has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CML has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is CML Microsystems's current dividend yield, its reliability and sustainability?

0.96%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CML's dividend (0.95%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.37%).

High Dividend: CML's dividend (0.95%) is low compared to the top 25% of dividend payers in the UK market (4.17%).


Stability and Growth of Payments

Stable Dividend: CML's dividend payments have been volatile in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (35.3%), CML's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

1.6yrs

Average management tenure


CEO

Chris Gurry (57 yo)

14.08yrs

Tenure

UK£414,000

Compensation

Mr. Christopher Arthur Gurry, also known as Chris, has been the Group Managing Director of CML Microsystems plc since October 1, 2007. Mr. Gurry served as a Joint Managing Director at CML Microsystems plc...


CEO Compensation Analysis

Compensation vs Market: Chris's total compensation ($USD548.16K) is above average for companies of similar size in the UK market ($USD324.53K).

Compensation vs Earnings: Chris's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: CML's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: CML's board of directors are considered experienced (7.7 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

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


Top Shareholders

Company Information

CML Microsystems plc's employee growth, exchange listings and data sources


Key Information

  • Name: CML Microsystems plc
  • Ticker: CML
  • Exchange: AIM
  • Founded: 1968
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: UK£69.706m
  • Shares outstanding: 16.60m
  • Website: https://www.cmlmicroplc.com

Number of Employees


Location

  • CML Microsystems plc
  • Oval Park
  • Langford
  • Maldon
  • Essex
  • CM9 6WG
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/01 18:51
End of Day Share Price2021/12/01 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.