Obermatt

Chemring

LSE:CHG · GB00B45C9X44
Aerospace & DefenseMedium

360

49
EV / EBIT55
Price / Owner Earnings87
Owner Earnings Yield1
Dividend Yield63
Price/Sales52
EV / Gross Profit92
Price/Book54
Return on Capital83
Cash Return on Capital16
Return on Equity86
EBIT Margin88
Gross Profitability97
Cash Conversion80
Accruals39
Owner Earnings Margin14
Sales growth65
Profit Growth31
Long-Term EPS Growth63
Reinvestment44
Price momentum30
Debt load51
Refinancing80
Debt Payback1
Liquidity70
Analyst ratings87
Opinion Changes50
Price Target Upside32
Market mood89
Value Creation10/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Chemring clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryUK
IndustryAerospace & Defense
SizeMedium
TypePublic Company
ExchangeLSE
Founded1905
Employees81
ISINGB00B45C9X44
Last UpdateApr 2, 2026
Themes
SensorsDetectors, Sensors and MemsDefenseTechCivicTechConsultingManufacturingService Industry

Description

Analysis

Middle-of-the-road

Chemring Group PLC sits in the middle of our grid: average quality, average price, no obvious signal in either direction. Worth noting: the cash the business generates has lagged behind what the income statement shows.

Valuation data is not available for this company.

Growth is moderate; the safety picture is adequate. The company scores 10/20 on our value-creation score: creating some value. Analyst sentiment is cautious.

Flags to be aware of: Some accounting patterns deserve a closer look. The financial cushion is thinner than comfortable. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
84
2023202420252026

All-time high

100

Feb 2026

All-time low

9

Jan 2023

Average rank

79

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
52
24
24
35
Price/Earnings
36
42
35
52
Price/Book
54
45
42
1
Dividend Yield
63
54
52
58
Value (overall)
67
57
30
41

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →