Professional
Added to YB: 2026-04-03
Pitch date: 2026-04-01
CHG.L [bullish]
Chemring Group PLC
+1.84%
current return
Author Info
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Company Info
Chemring Group PLC provides countermeasures, sensors, information, and energy products in the United States, the United Kingdom, Europe, the Asia pacific, and internationally.
Market Cap
GBP 1.4B
Pitch Price
GBP 5.44
Price Target
7.62 (+38%)
Dividend
1.57%
EV/EBITDA
15.14
P/E
26.32
EV/Sales
2.96
Sector
Aerospace and Defense
Category
growth
(LSE:CHG) Chemring: Turning Explosives into Earnings
CHG.L: UK defense contractor w/ 60% sole-source contracts in energetics & countermeasures. Record backlog ~3x revenue, targeting £1B rev by 2030 (vs £500M today). 80% gov-funded capacity expansion adds £150M rev. NATO 5% GDP target, depleted Western stockpiles (3M 155mm rounds used) = multi-yr tailwind. 17% op margin at scale. Trading 7x 2030 EBIT, PT £7.62 (50% upside). Risks: plant delays, fixed-price margin pressure.
Read full article (8 min)