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Cohort plc
(LSE:CHRT)
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Rating:66Neutral
Price Target:
1,445.00 p
â–²(12.02% Upside)
Action:Downgraded
Date:07/17/26
The score is driven primarily by solid growth and a generally sound balance sheet, offset by a significant deterioration in 2026 cash generation (negative free cash flow). Technicals are supportive with an ongoing uptrend, while valuation is a headwind due to a high P/E and only modest dividend yield.
Positive Factors
Multi-year revenue and profit growth
Sustained top-line expansion and rising net income over multiple years reflect successful contract wins and programme delivery. This scale increases capability to invest in R&D, supports multi-year backlogs and underpins durable earnings potential beyond short-term cycles.
Negative Factors
Deterioration in cash generation and negative FCF
A sudden fall in operating cash flow and a move to negative free cash flow indicate weaker cash conversion from profits, likely driven by working capital or investment timing. Persistent cash volatility would constrain reinvestment, dividend funding and increase reliance on external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue and profit growth
Sustained top-line expansion and rising net income over multiple years reflect successful contract wins and programme delivery. This scale increases capability to invest in R&D, supports multi-year backlogs and underpins durable earnings potential beyond short-term cycles.
Read all positive factors
Cohort plc (CHRT) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£624.19M
Dividend Yield1.25%
Average Volume (3M)178.03K
Price to Earnings (P/E)26.5
Beta (1Y)1.26
Revenue Growth13.46%
EPS Growth13.69%
CountryUK
Employees1,695
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)0.51
Shares Outstanding47,057,130
10 Day Avg. Volume200,080
30 Day Avg. Volume178,030
Financial Highlights & Ratios
PEG Ratio1.51
Price to Book (P/B)3.00
Price to Sales (P/S)1.82
P/FCF Ratio-94.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£1,563.33Price Target Upside21.19% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)0.65
Revenue Forecast (FY)£325.02M
Cohort plc Business Overview & Revenue Model
Company Description
Cohort plc, operating through its various subsidiary businesses, delivers a diverse array of products and services predominantly to the defense and security sectors. Its operational reach spans across the United Kingdom, Germany, Portugal, nations...
How the Company Makes Money
Cohort makes money mainly by delivering defence and security contracts through its subsidiaries, generating revenue from a mix of (1) project and programme delivery and (2) ongoing support services. Project/programme revenue typically comes from d...
Cohort plc Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
46
Neutral
| Breakdown | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 306.39M | 270.04M | 202.53M | 182.71M | 137.76M |
| Gross Profit | 87.29M | 90.42M | 76.27M | 64.86M | 56.60M |
| EBITDA | 44.89M | 35.57M | 29.25M | 23.07M | 21.79M |
| Net Income | 23.90M | 19.25M | 15.32M | 11.36M | 9.20M |
Balance Sheet | |||||
| Total Assets | 421.05M | 396.58M | 252.50M | 222.32M | 203.17M |
| Cash, Cash Equivalents and Short-Term Investments | 49.58M | 74.65M | 55.16M | 50.96M | 40.37M |
| Total Debt | 56.31M | 78.88M | 40.51M | 44.48M | 39.52M |
| Total Liabilities | 232.81M | 236.49M | 142.66M | 122.54M | 113.98M |
| Stockholders Equity | 186.42M | 158.61M | 108.67M | 97.02M | 83.97M |
Cash Flow | |||||
| Free Cash Flow | -5.88M | 38.00M | 16.36M | 11.06M | 17.52M |
| Operating Cash Flow | 11.74M | 51.18M | 23.02M | 16.29M | 19.52M |
| Investing Cash Flow | -11.73M | -93.65M | -6.16M | -6.11M | -2.37M |
| Financing Cash Flow | 7.31M | 46.18M | -16.92M | -10.34M | -8.70M |
Cohort plc Technical Analysis
Positive
1290.00
Price Trends
1285.76
Positive
1264.20
Positive
1208.46
Positive
Market Momentum
15.36
Negative
58.43
Neutral
73.97
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CHRT, the sentiment is Positive. The current price of 1290 is above the 20-day moving average (MA) of 1288.20, above the 50-day MA of 1285.76, and above the 200-day MA of 1208.46, indicating a bullish trend. The MACD of 15.36 indicates Negative momentum. The RSI at 58.43 is Neutral, neither overbought nor oversold. The STOCH value of 73.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:CHRT.
Cohort plc Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | £66.51B | 31.94 | 17.49% | 1.99% | 7.20% | 8.54% | |
69 Neutral | £2.70B | 18.04 | 17.55% | 1.87% | 1.20% | 221.80% | |
66 Neutral | £624.19M | 26.51 | 13.59% | 1.79% | 13.46% | 13.69% | |
64 Neutral | £2.88B | 28.18 | 19.34% | 2.25% | -0.47% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | £5.93B | 27.82 | 31.57% | 0.62% | 7.17% | -14.18% | |
59 Neutral | £1.71B | 50.65 | 9.03% | 1.34% | -3.99% | -22.35% |
* Industrials Sector Average
GB:CHRT
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Cohort plc Corporate Events
Business Operations and StrategyExecutive/Board Changes
Cohort plc completes final share vesting for senior executives
Positive
Jul 29, 2026
Cohort plc has confirmed the final vesting and transfer of ordinary shares under its 2013 Restricted Share Scheme to key executives. Chief executive Andrew Thomis received 2,184 shares and finance director Simon Walther 1,707 shares on 28 July, le...
Regulatory Filings and Compliance
Cohort plc Reports Director-Related Bed and ISA Share Transaction
Neutral
Jul 17, 2026
Cohort plc has disclosed a director-related share transaction involving Phillippa Walther-Caine, a person closely associated with Finance Director Simon Walther. On 16 July 2026 she executed a Bed and ISA transaction, selling 519 Cohort shares fro...
DividendsFinancial Disclosures
Cohort Sets 2026 Dividend Timetable After Record Year
Positive
Jul 15, 2026
Cohort plc, a defence technology group listed on AIM and headquartered in Reading, operates seven specialist businesses across the UK, Australia, Germany and Portugal. It provides advanced communications, intelligence, sensor and effector solution...
Business Operations and StrategyDividendsFinancial DisclosuresPrivate Placements and Financing
Cohort plc posts record results and expands firepower for defence-led growth
Positive
Jul 15, 2026
Cohort plc has reported record results for the year to 30 April 2026, with revenue rising 13% to £306.4m and adjusted operating profit up 32% to £36.3m, lifting net margin to 11.8%. Adjusted earnings per share increased 14%, the order in...
Business Operations and StrategyFinancial Disclosures
Cohort to Present Annual Results and Strategy in Live Investor Briefing
Positive
Jul 13, 2026
Cohort plc will host a live investor presentation on the Engage Investor platform on 21 July at 3:00pm BST, led by Chief Executive Andrew Thomis and Finance Director Simon Walther. The session will cover the company’s annual results and outl...
Business Operations and StrategyFinancial Disclosures
Cohort to present full-year results and strategy in open investor webinar
Positive
Jul 10, 2026
Cohort plc will host a live Equity Development webinar on 17 July 2026 at 3pm, where Chief Executive Andrew Thomis and Finance Director Simon Walther will present the company’s full-year results and outline its corporate strategy. The online...
Business Operations and StrategyFinancial Disclosures
Cohort plc sets date for full-year 2026 results
Neutral
Jul 9, 2026
Cohort plc, the defence-focused independent technology group listed on AIM, plans to release its full-year results for the year ended 30 April 2026 on 15 July 2026. Headquartered in Reading and operating through its Communications and Intelligence...
Business Operations and StrategyRegulatory Filings and Compliance
Cohort Confirms Total Voting Rights and Share Capital Structure
Neutral
Jul 1, 2026
Cohort plc, an AIM-quoted defence technology specialist, reported that its issued share capital stood at 47,046,227 ordinary shares of 10 pence each as at 30 June 2026. Each share carries one voting right and the company currently holds no shares ...
Regulatory Filings and Compliance
Cohort Confirms Total Voting Rights and Share Capital Base
Neutral
Jun 1, 2026
Cohort plc has confirmed that its issued share capital as at 31 May 2026 comprises 47,041,882 ordinary shares of 10 pence each, with each share carrying one vote and no shares held in treasury. This disclosure sets the official denominator for inv...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Cohort beats forecasts as record order book underpins growth
Positive
May 27, 2026
Cohort reported preliminary full-year 2025/26 revenue of £303m and adjusted operating profit of about £36m, both ahead of consensus, driven by a strong performance in its Communications and Intelligence division and the first full-year c...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Cohort Beats Forecasts as Defence Order Book Hits Record High
Positive
May 27, 2026
Cohort reported a strong performance for the year to 30 April 2026, with revenue rising 12% to about £303m and adjusted operating profit of roughly £36m, both ahead of market expectations. Net margin improved to 11.9% and the group ended...
Financial Disclosures
Cohort Sets Date for Full-Year Trading Update
Neutral
May 26, 2026
Cohort plc said it will publish its full-year trading update on 27 May 2026, signalling upcoming detail on recent performance from its diversified defence technology operations. The update is likely to be closely watched by investors and defence-s...
Regulatory Filings and Compliance
Cohort Updates Share Capital and Voting Rights Figure
Neutral
May 1, 2026
Cohort plc has confirmed that its issued share capital as of 30 April 2026 comprises 47,020,999 ordinary shares of 10 pence each, with each share carrying one vote and no shares held in treasury. This updated share capital figure sets the official...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.