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CML Cml Microsystems Plc

270.00
2.50 (0.93%)
24 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cml Microsystems Plc LSE:CML London Ordinary Share GB0001602944 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  2.50 0.93% 270.00 8,305 09:50:50
Bid Price Offer Price High Price Low Price Open Price
260.00 280.00 270.00 267.50 267.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electronic Components, Nec 22.89M 2.06M 0.1286 21.00 42.86M
Last Trade Time Trade Type Trade Size Trade Price Currency
12:25:56 O 1,000 277.60 GBX

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Date Time Title Posts
11/12/202408:06CML Microsystems - With Charts and News855
10/7/201122:32CML IT hardware that pays a dividend!193
02/12/200210:35CML - price below NAV, massive yield, recovery in the offing...18
01/5/200220:40going up in a world going down21

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Cml Microsystems (CML) Most Recent Trades

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Cml Microsystems (CML) Top Chat Posts

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Posted at 25/12/2024 08:20 by Cml Microsystems Daily Update
Cml Microsystems Plc is listed in the Electronic Components, Nec sector of the London Stock Exchange with ticker CML. The last closing price for Cml Microsystems was 267.50p.
Cml Microsystems currently has 16,023,079 shares in issue. The market capitalisation of Cml Microsystems is £43,262,313.
Cml Microsystems has a price to earnings ratio (PE ratio) of 21.00.
This morning CML shares opened at 267.50p
Posted at 15/11/2024 13:10 by jemt0703
Big volume trades today (and recently) but why?

Why also is there no movement in price either way?
Posted at 04/11/2024 21:34 by picnic
GPIM were already a holder of 804735 or 4.99% according to cml website ,updated on
1/11/24.
looking forward to results on the 19th,hopefully news on progress of their DRM 1000.
Posted at 04/11/2024 09:46 by yellowdog
GPIM Ltd have purchased 5% of CML - anyone any idea who they are?
Posted at 23/10/2024 17:30 by gleach23
The fillip from the positive AGM statement in August and subsequent share purchase by the chairman in September long since dissipated. A 60% fall now since the spike up just over 18 months ago. Presumably AIM jitters apply here. A 6% holding of my portfolio and I expect to be topping up on any sell off next week (which of course isn't necessarily going to happen).
Posted at 15/7/2024 13:16 by roddiemac2
wad

It would be easy to check what customers of CML and other companies in the same arena are doing with stock levels.---Your comment is bizarre.
Posted at 14/7/2024 22:06 by wad collector
So is there really a stock overhang amongst the customers, or is that CML management spin?
Posted at 02/7/2024 07:53 by bubloo
I am surprised the price is holding up at this level based on an honest report from the management to say it will take two years down the road for any further forward momentum. I will hopefully wait for it to drop significantly to pick some up with a 2 year horizon.
Posted at 13/4/2024 13:34 by wiloughby2
I have No doubt you have seen the notice of share buy back by the company - explaining your comment. I too, concur that this is looking oversold . Maybe the American purchase is taking a while to integrate. I do feel those people buying at the present value will be rewarded.
Posted at 28/3/2024 14:46 by wad collector
Simon Thompson, having been tipping CML last year suggests hold FWIW. He points out that the customers that reduced stock are mostly buying from a monopoly and the Microwave Technnology acquisition will reduce the margins, the Shore forecast for 2023 is 3.9% yield and P/E of 10.
Posted at 14/4/2022 07:10 by sev22
'Tap into a lowly rated high growth technology play'

A Maldon-based semiconductor chip designer and manufacturer is outperforming and is well funded to accelerate growth in a market that is exhibiting secular growth mega trends.

It also offers hidden value.
April 13, 2022
By Simon Thompson

*Trading ahead of analysts’ annual pre-tax profit forecasts of £2mn, up from £1.1mn in 2020/21

*Net cash of £25mn (150p a share), up from £22.6mn at 30 September 2021

*Strong forward order book stretching beyond 12 months

Maldon-based semiconductor chip designer and manufacturer CML Microsystems (CML:380p) is reaping the benefits of the strong secular drivers in its end markets. Following the strategic disposal of its solid-state storage division, CML is a pure-play on the high growth industrial communications market. Specifically, it provides integrated circuits to distributors and system integrators (Cobra, Hytera, Icom, Kenwood, Orbcomm and Sepura are all clients).

CML is not only leveraging its standing as a key supplier to many of the world's Tier 1 equipment manufacturers, but is well funded to accelerate growth in a market that is exhibiting secular growth mega trends. Key drivers are increasing demand for data to be transmitted faster and more securely, the upgrading of telecoms infrastructure, and the growing prevalence of private commercial wireless networks for voice and data communications linked to the industrial internet of things (IIoT). In data-centric markets, higher data throughput from terrestrial and satellite communications applications are required to meet the needs of the growing machine-to-machine (M2M) and IIoT market segments.

CML’s addressable market is worth $1bn (£768bn) and includes a number of key growth areas in the coming years: critical infrastructure (public utilities, smart grid, RF identification (RFID)); 5G (repeaters, small/pico cells, fixed wireless access, distributed antenna systems, smart meters); and satellite communications (terminals, broadband access).

To address these multiple growth markets, CML has been expanding its semiconductor product portfolio by adding narrowband applications operating at the lower end of the radio spectrum. As opposed to broadband, these applications use short-range fixed-location wireless applications such as RFID, commercial vehicle remote keyless entry devices or narrowband-IoT focused on indoor coverage, low cost, long battery life and high connection density. The acquisition of a third-party design house, PRFI, has been instrumental in widening the product offering and addressable markets.

PRFI is an approved third-party design house for several leading global semiconductor companies and boasts an impressive client roster that includes BAE Systems, Huawei, Inmarsat, National Semiconductor, QinetiQ, Samsung, Sony Semiconductor and Thales. PRFI was acquired not only for its expertise in microwave and millimetre-wave frequencies, including wide band applications for high data rate applications, but to speed up the time-to-market for new products. It’s doing just that, launching a new SµRF range of high frequency, high bandwidth integrated circuits targeting RF and millimetre-wave frequencies in emerging markets such as 5G, satellite and IoT. First orders have already been received from early-stage adopters within vehicle tracking and smart grid applications.

Importantly, CML’s diverse, blue-chip client base includes some of the world's leading commercial and industrial product manufacturers, and the spread of its customers and diversity of the product range help protect the business from the cyclicality usually associated with the semiconductor industry. Moreover, CML’s proprietary IP, reputation for quality and reliability, and single-source supplier status means that once its chips are designed in a client’s product then it rarely loses a contract given the significant product redesign required for the client to take its business elsewhere.

Furthermore, CML works closely with clients through the product development cycle, to reduce the time-to-market and de-risk the future sales cycle. Effectively, this ‘one-stop shop’ offering is an extension of the customer’s own engineering team. CML utilises a combination of outsourced manufacturing and in-house testing, employing 147 staff, of which 40 per cent are engineers, across operations in the UK, Asia and the US.

Currently, a high proportion of sales are derived from Professional Mobile Radios (the network of choice for the police, ambulance service, military and other critical infrastructure markets), and data-centric wireless applications (critical infrastructure, public utilities, smart grid). 5G infrastructure (base stations, small cells, distributed antenna systems) and satellite communications are a smaller part of the mix, but their contribution is forecast to ramp up in the coming years.

The secular growth drivers are driving revenue and profits upwards. CML has outperformed house broker Shore Capital’s previously upgraded full-year earnings estimates and is well set to lift pre-tax profit by 25 per cent to £2.5mn on 11 per cent higher revenue of £17.6mn in the new financial year. On this basis, the shares are rated on an attractive cash-adjusted forward price/earnings (PE) ratio of 15 and offer a prospective dividend yield of 2.8 per cent. A recently announced earnings accertive £3mn share buy-back programme is another bull point.

CML has hidden value in its balance sheet, too, owning valuable unencumbered investment property near Chelmsford as well as the old Microsense facility at Portsmouth which is let to a third party. These properties were last valued at £3.78mn, a valuation well underpinned by rental income of £0.34mn. In addition, the unencumbered property and 29 acres of surplus land at the Maldon headquarters has a £4.5mn carrying value, or less than half its estimated open market value.

I initiated coverage, at 400p, earlier this year (Alpha Report: ‘Profit from semiconductor megatrends’, 4 February 2022), and see potential for almost 50 per cent share price upside to my 550p target price. BUY.
Cml Microsystems share price data is direct from the London Stock Exchange

Cml Microsystems Frequently Asked Questions (FAQ)

What is the current Cml Microsystems share price?
The current share price of Cml Microsystems is 270.00p
How many Cml Microsystems shares are in issue?
Cml Microsystems has 16,023,079 shares in issue
What is the market cap of Cml Microsystems?
The market capitalisation of Cml Microsystems is GBP 42.86M
What is the 1 year trading range for Cml Microsystems share price?
Cml Microsystems has traded in the range of 222.50p to 445.00p during the past year
What is the PE ratio of Cml Microsystems?
The price to earnings ratio of Cml Microsystems is 21
What is the cash to sales ratio of Cml Microsystems?
The cash to sales ratio of Cml Microsystems is 1.89
What is the reporting currency for Cml Microsystems?
Cml Microsystems reports financial results in GBP
What is the latest annual turnover for Cml Microsystems?
The latest annual turnover of Cml Microsystems is GBP 22.89M
What is the latest annual profit for Cml Microsystems?
The latest annual profit of Cml Microsystems is GBP 2.06M
What is the registered address of Cml Microsystems?
The registered address for Cml Microsystems is OVAL PARK, LANGFORD, MALDON, ESSEX, CM9 6WG
What is the Cml Microsystems website address?
The website address for Cml Microsystems is www.cmlmicroplc.com
Which industry sector does Cml Microsystems operate in?
Cml Microsystems operates in the ELECTRONIC COMPONENTS, NEC sector

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