Concurrent Technologies Plc

AIM:CNC Stock Report

Market Cap: UK£127.4m

Concurrent Technologies Valuation

Is CNC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CNC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CNC (£1.48) is trading above our estimate of fair value (£1.18)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CNC?

Key metric: As CNC is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CNC. This is calculated by dividing CNC's market cap by their current earnings.
What is CNC's PE Ratio?
PE Ratio25.1x
EarningsUK£5.04m
Market CapUK£127.39m

Price to Earnings Ratio vs Peers

How does CNC's PE Ratio compare to its peers?

The above table shows the PE ratio for CNC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average41.4x
RPI Raspberry Pi Holdings
27.3x-2.0%UK£662.6m
SPSY Spectra Systems
22.3x2.6%UK£116.2m
SOLI Solid State
13.7xn/aUK£121.2m
GHH Gooch & Housego
102.3x72.8%UK£131.5m
CNC Concurrent Technologies
25.1x13.5%UK£126.5m

Price-To-Earnings vs Peers: CNC is good value based on its Price-To-Earnings Ratio (25.1x) compared to the peer average (41.4x).

Price to Earnings Ratio vs Industry

How does CNC's PE Ratio compare vs other companies in the European Tech Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
CNC 25.1xIndustry Avg. 22.5xNo. of Companies4PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CNC is expensive based on its Price-To-Earnings Ratio (25.1x) compared to the Global Tech industry average (22.5x).

Price to Earnings Ratio vs Fair Ratio

What is CNC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CNC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.1x
Fair PE Ratio20.7x

Price-To-Earnings vs Fair Ratio: CNC is expensive based on its Price-To-Earnings Ratio (25.1x) compared to the estimated Fair Price-To-Earnings Ratio (20.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CNC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£1.48
UK£1.71
+15.9%
15.2%UK£1.97UK£1.45n/a2
Nov ’25UK£1.25
UK£1.71
+37.3%
15.2%UK£1.97UK£1.45n/a2
Oct ’25UK£1.14
UK£1.71
+50.0%
15.2%UK£1.97UK£1.45n/a2
Sep ’25UK£1.22
UK£1.38
+12.7%
20.0%UK£1.65UK£1.10n/a2
Aug ’25UK£1.16
UK£1.38
+19.0%
20.0%UK£1.65UK£1.10n/a2
Jul ’25UK£1.04
UK£1.38
+32.9%
20.0%UK£1.65UK£1.10n/a2
Jun ’25UK£1.02
UK£1.38
+34.8%
20.0%UK£1.65UK£1.10n/a2
May ’25UK£1.04
UK£1.38
+32.2%
20.0%UK£1.65UK£1.10n/a2
Apr ’25UK£0.83
UK£1.07
+28.1%
6.5%UK£1.14UK£1.00n/a2
Mar ’25UK£0.89
UK£1.07
+20.9%
6.5%UK£1.14UK£1.00n/a2
Feb ’25UK£0.85
UK£1.07
+25.9%
6.5%UK£1.14UK£1.00n/a2
Jan ’25UK£0.81
UK£1.03
+27.2%
2.9%UK£1.06UK£1.00n/a2
Dec ’24UK£0.72
UK£1.03
+42.1%
2.9%UK£1.06UK£1.00n/a2
Nov ’24UK£0.64
UK£1.03
+62.2%
2.9%UK£1.06UK£1.00UK£1.252
Oct ’24UK£0.72
UK£1.03
+42.1%
2.9%UK£1.06UK£1.00UK£1.142

Analyst Forecast: Target price is less than 20% higher than the current share price.

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