Added to YB: 2026-05-27
Pitch date: 2026-03-26
CHG.L [bullish]
Chemring Group PLC
+3.25%
current return
Author Info
No bio for this author
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 5.08
Price Target
N/A
Dividend
1.52%
EV/EBITDA
15.66
P/E
27.28
EV/Sales
3.06
Sector
Aerospace and Defense
Category
growth
Chemring Group PLC - $CHG.L
CHG.L: UK defense co w/ 60%+ sole-source rev in strike/interceptor missiles (Patriot, JASSM, Tomahawk, SM-3), space (NASA NSI sole supplier), EW/counter-drone. Iran conflict driving missile restocking: PAC-3 18% CAGR to 2k units by 2032, THAAD 23% CAGR. New capacity adds £85M rev by FY28, pricing/utilization +£70M. 19% EPS CAGR to 2029, 17.3% EBIT margin vs 13% peer avg. Trades 16x EBIT vs EU/US premium. Bain offered 390p (now 480p), Albion 8% stake signals M&A. Risks: UK budget delays, Iran de-escalation.
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