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CHG Chemring Group Plc

318.50
0.00 (0.00%)
30 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Chemring Group Plc LSE:CHG London Ordinary Share GB00B45C9X44 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 318.50 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
319.50 320.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Aircraft Parts, Aux Eq, Nec 512.2M 39.5M 0.1446 22.03 869.77M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 318.50 GBX

Chemring (CHG) Latest News

Chemring (CHG) Discussions and Chat

Chemring (CHG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2025-01-29 16:35:00318.50225,617718,590.15UT
2025-01-29 16:29:57319.501,0923,488.94O
2025-01-29 16:29:50320.00183585.60AT
2025-01-29 16:29:50320.0078249.60AT
2025-01-29 16:29:18320.00144460.80AT

Chemring (CHG) Top Chat Posts

Top Posts
Posted at 29/1/2025 08:20 by Chemring Daily Update
Chemring Group Plc is listed in the Aircraft Parts, Aux Eq, Nec sector of the London Stock Exchange with ticker CHG. The last closing price for Chemring was 318.50p.
Chemring currently has 273,084,035 shares in issue. The market capitalisation of Chemring is £869,772,651.
Chemring has a price to earnings ratio (PE ratio) of 22.03.
This morning CHG shares opened at -
Posted at 08/1/2025 14:18 by estienne
The short-termism of investors seemingly knows no bounds. Rather than focusing on the growth potential of a stock, sector or region over a multi-year period, most investors appear to be far more interested in a time horizon that amounts to days, weeks or months.

Take, for example, defence company Chemring. The FTSE 250-listed company’s shares slumped by 13pc in just one day following the release of its full-year results last month. Although the results were in line with previous expectations, with revenue rising by 9pc and earnings falling by 3pc versus the prior year, investors were apparently concerned about a drop in the company’s operating profit margin, which declined by 70 basis points to 13.9pc, as well as its rather lacklustre earnings growth prospects for 2025.

However, the fall in the company’s operating profit margin was due to poor weather conditions that disrupted production, delays to the ramp-up of its automated facility and the extension of a legacy contract that was supposed to end during 2024 but which will now expire in 2025. None of those problems appear to be particularly fundamental or insurmountable, and while the company’s bottom line is forecast to grow by just 2pc this year, it is expected to subsequently expand by 15pc in 2026.


Looking even further ahead, Chemring’s full-year results stated that it is still aiming to reach £1bn in annual revenue by 2030. Given that the company generated £510m in sales last year, this would equate to annualised growth of around 12pc over the next six years. Even if it fails to dramatically increase profit margins during that period, it seems likely that it will deliver a double-digit earnings growth rate over the long run.

The company’s upbeat financial outlook is largely being driven by elevated geopolitical risks including the ongoing war in Ukraine and instability in the Middle East. They have prompted a dramatic shift in government attitudes towards military spending, with 23 Nato members expected to have met a target to spend 2pc of GDP on defence last year. This is significantly higher than the figure from a decade earlier when just three members met the target.

In Questor’s view, it would be unsurprising for recent trends towards defence spending to persist and even quicken under a new US administration. With interest rate cuts having already commenced in the US, Eurozone and the UK, GDP growth is set to be bolstered over the coming years. This should result in further underlying growth in defence spending across the developed world, thereby prompting a continued improvement in Chemring’s operating environment.


Although the company’s annual results showed that net debt surged from £14m to £53m, its financial position remains sound. It currently has a net gearing ratio of just 15pc, while net interest costs were covered 12 times by operating profits during the year. These figures suggest it has the financial capacity to further invest for long-term growth. With a return on equity figure of 12pc despite the company utilising only very modest amounts of leverage, it has a clear competitive advantage that bodes well for its long-term outlook.

Trading on a price-to-earnings ratio of 17.3, Chemring’s shares are by no means cheap when compared with many mid and large-cap UK stocks. Indeed, many investors may argue that they are rather expensive given the firm’s aforementioned lacklustre earnings growth outlook for the current year.

But when next year’s double-digit profit growth forecast and the company’s long-term aim to nearly double revenue over the next six years are taken into account, its shares offer good value for money in Questor’s view. Given the upbeat underlying outlook for the wider defence sector amid a loosening of monetary policy across developed economies, it would be unsurprising for the stock to deliver strong capital growth over the coming years.


It has already produced a 96pc capital return since first being tipped by this column in June 2019, substantially ahead of the FTSE 250 index’s 6pc rise over the same period.

Clearly, recent share price volatility could persist over the near term as investors struggle to focus on the long run, but with the company’s financial performance set to ultimately improve, further share price growth is likely to be ahead.

Questor says: Buy
Ticker: CHG
Share price at close: 333p
Posted at 17/12/2024 17:40 by bedford1976
Wow that share price fall is crazy.
Posted at 17/12/2024 08:37 by dartboard1
Tennessee margin issues look to continue to 1H 25. But then be over. Everything else seems to tick boxes, yes debts up but still very low and due to share buybacks...
Posted at 17/12/2024 08:21 by dogwalker
'In line with expectations'. Pity the shareholders expectations were different to the managers'. And the share price reaction to today's worthy results.
Posted at 23/11/2024 13:26 by dartboard1
Cohort picked up a nice Aussie naval intel company the other day. Their price has taken off lately leaving Chemring in the dust, even with their bloated order book.News should be released shortly on the feasibility study for Norwegian explosives production facility. Once investment starts in that brokers can start building those earnings into their models giving a boost ... New chairman takes over on 1December. With his contacts (board of Airbus), this should help building the order book and attracting other key positions going forward.With Trump again in place pressuring NATO defence spending. Ukraine, forcing the issue, time to sit and hold on...
Posted at 18/10/2024 09:31 by churchharbour
Not hard to see that the demand for materiel is on the up and up and not hard to see a large USA defence contractor taking an interest in CHG
Posted at 13/8/2024 15:32 by churchharbour
With what is going on in the World ~ CHG has got to be significantly more than a defensive play
Posted at 26/4/2024 14:40 by someuwin
Just last month CHG were awarded €66.7m from EU and also £32m from Government of Norway for ammunition production to support Ukraine. That was before the recent commitments from both EU and USA for further multi-billion funding for defence aid to Ukraine.
Posted at 26/4/2024 13:39 by someuwin
Hitting multi-year highs...

CHG
Posted at 26/8/2023 09:47 by essentialinvestor
rim, agree with your view. I closed my latest small trade yesterday above 2.90,
the pattern continues to repeat for now, but had hoped the last statement would
move CHG into a higher trading range. Unfortunately that RNS coincided with weakening
wider equity markets.
Chemring share price data is direct from the London Stock Exchange

Chemring Frequently Asked Questions (FAQ)

What is the current Chemring share price?
The current share price of Chemring is 318.50p
How many Chemring shares are in issue?
Chemring has 273,084,035 shares in issue
What is the market cap of Chemring?
The market capitalisation of Chemring is GBP 869.77M
What is the 1 year trading range for Chemring share price?
Chemring has traded in the range of 311.00p to 417.50p during the past year
What is the PE ratio of Chemring?
The price to earnings ratio of Chemring is 22.03
What is the cash to sales ratio of Chemring?
The cash to sales ratio of Chemring is 1.7
What is the reporting currency for Chemring?
Chemring reports financial results in GBP
What is the latest annual turnover for Chemring?
The latest annual turnover of Chemring is GBP 512.2M
What is the latest annual profit for Chemring?
The latest annual profit of Chemring is GBP 39.5M
What is the registered address of Chemring?
The registered address for Chemring is ROKE MANOR, OLD SALISBURY LANE, ROMSEY, HAMPSHIRE, SO51 0ZN
What is the Chemring website address?
The website address for Chemring is www.chemring.com/
Which industry sector does Chemring operate in?
Chemring operates in the MANUFACTURING INDUSTRIES,NEC sector

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