Cohort plc (CHRT) AI Stock Analysis

• Market Cap: £434.02M
• Dividend Yield: 1.58%
• Average Volume (3M): 178.03K
• Price to Earnings (P/E): 23.2
• Beta (1Y): 0.73
• Revenue Growth: 23.91%
• EPS Growth: -14.66%
• Country: UK
• Employees: 1,400
• Sector: Industrials
• Sector Strength: 72
• Industry: Aerospace & Defense
• EPS (TTM): 0.16
• Shares Outstanding: 46,950,592
• 10 Day Avg. Volume: 200,080
• 30 Day Avg. Volume: 178,030
• PEG Ratio: 1.65
• Price to Book (P/B): 3.69
• Price to Sales (P/S): 2.17
• P/FCF Ratio: 15.40
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: 1,039.00p ▲(9.48% Upside)

Cohort plc's strong financial performance and positive corporate events are offset by bearish technical indicators and moderate valuation. The company's robust revenue growth and strategic management actions provide a solid foundation, but current market sentiment suggests caution.

Positive Factors

Revenue Growth

Sustained near-20% revenue growth signals durable demand for Cohort's defense and engineering services, reflecting strong market positioning and contract wins. Over the medium term this underpins scalable top-line expansion, supports reinvestment in IP and strengthens competitive positioning.

Conservative Balance Sheet

A conservative leverage profile and solid equity base increase financial resilience against defense budget cycles and funding shocks. This structural strength preserves borrowing capacity for bid financing, M&A or capex, lowering refinancing risk and supporting long-term strategic flexibility.

Management Alignment & Contracts

Management buying stock and securing meaningful contracts indicate aligned incentives and improved revenue visibility. Durable long-term contracts with governments increase predictability of cash flows and justify strategic investments, enhancing governance and execution credibility.

Negative Factors

Weak FCF Conversion

Free cash flow converts at under 75% of net income, limiting internally available funds for R&D, acquisitions, or shareholder returns. Over months this constrains strategic flexibility, may require external financing for growth initiatives, and raises sensitivity to working-capital swings.

Margin Pressure

Erosion in core margins suggests cost pressures or competitive pricing in key contracts. Persisting margin compression would reduce operating cash generation and ROE, limiting capacity to fund innovation and capital expenditure, and could weaken long-term profitability trends.

EPS Contraction

Declining EPS indicates recent earnings stress which may reflect margin, mix or one-off impacts. If EPS erosion persists it weakens capital return capacity and investor confidence, making it harder to finance strategic initiatives and potentially pressuring management to reallocate resources.

Cohort plc Business Overview & Revenue Model

Company Description

Cohort plc, through its subsidiaries, provides various products and services in defense and security markets in the United Kingdom, Germany, Portugal, Africa, North and South America, and other European countries. The company offers electro-optical and electro-mechanical systems, such as command, control, communications, computers, intelligence, surveillance, target acquisition, and reconnaissance, as well as combat systems; and communications systems. It also provides integrated command, control, and communications systems for warships and submarines; tactical radio, vehicle intercoms, field communications, and networking software and equipment; electronic warfare operational support, managed, secure communications, cyber security, and training support services; and electronic and surveillance technology services. In addition, the company offers training and simulation; digital forensics; and research, advice, and support services. It provides products and services for customers in the defense and security markets for land, maritime, and air applications, as well as civil markets covering the security, transport, and the oil and gas industry. Cohort plc was incorporated in 2006 and is headquartered in Reading, the United Kingdom.

How the Company Makes Money

Cohort plc generates revenue primarily through the provision of specialized engineering and technology services, often under long-term contracts with government and defense agencies. The company's key revenue streams include software development, systems integration projects, and consultancy services. Additionally, Cohort benefits from partnerships with defense organizations and technology providers, which can lead to joint contracts and collaborative projects. The company also sees revenue from the sale of proprietary technology products and intellectual property, further diversifying its income sources.

Cohort plc Financial Statement Overview

Summary

Cohort plc exhibits strong revenue growth and stable profitability, supported by a solid balance sheet with conservative leverage. While cash flow generation is positive, the company should focus on improving free cash flow conversion to support future growth initiatives.

Income Statement

Cohort plc has demonstrated strong revenue growth with a 19.24% increase in the latest year, indicating robust demand and effective market positioning. The gross profit margin has slightly decreased, but remains healthy at 33.49%. Net profit margin is stable at 7.13%, reflecting consistent profitability. However, the slight decline in EBIT and EBITDA margins suggests potential cost pressures or increased competition.

Balance Sheet

The company's debt-to-equity ratio of 0.50 indicates a conservative leverage approach, enhancing financial stability. Return on equity is solid at 12.14%, showcasing effective use of shareholder funds. The equity ratio of 40.00% suggests a strong capital structure, though there is room for improvement in asset utilization.

Cash Flow

Cohort plc's free cash flow growth of 3.20% is modest, but positive, indicating effective cash management. The operating cash flow to net income ratio of 2.66 suggests strong cash generation relative to earnings. However, the free cash flow to net income ratio of 0.74 indicates potential constraints in free cash flow relative to net income, which could impact future investments.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	280.62M	270.04M	202.53M	182.71M	137.76M	143.31M
Gross Profit	79.19M	90.42M	76.27M	64.86M	56.60M	53.36M
EBITDA	34.40M	35.57M	29.25M	23.07M	21.79M	21.36M
Net Income	18.26M	19.25M	15.32M	11.36M	9.20M	5.46M
Balance Sheet
Total Assets	413.94M	396.58M	252.50M	210.69M	203.17M	190.88M
Cash, Cash Equivalents and Short-Term Investments	53.16M	74.65M	55.16M	41.45M	40.37M	32.29M
Total Debt	95.13M	78.88M	40.51M	34.98M	39.52M	37.38M
Total Liabilities	247.03M	236.49M	142.66M	110.91M	113.98M	105.83M
Stockholders Equity	165.48M	158.61M	108.67M	97.02M	83.97M	79.31M
Cash Flow
Free Cash Flow	-27.65M	38.00M	16.36M	11.29M	17.52M	14.97M
Operating Cash Flow	-10.79M	51.18M	23.02M	16.52M	19.52M	16.22M
Investing Cash Flow	-89.57M	-93.65M	-6.16M	-6.11M	-2.37M	-2.54M
Financing Cash Flow	69.18M	46.18M	-16.92M	-10.57M	-8.70M	-1.55M

Cohort plc Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 949.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CHRT, the sentiment is Neutral. The current price of 949 is below the 20-day moving average (MA) of 957.25, below the 50-day MA of 1102.38, and below the 200-day MA of 1309.67, indicating a neutral trend. The MACD of -41.83 indicates Negative momentum. The RSI at 55.61 is Neutral, neither overbought nor oversold. The STOCH value of 88.54 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:CHRT.

Cohort plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SRP	73 Outperform	£2.75B	58.24	5.21%	1.27%	0.84%	-62.73%
CHRT	69 Neutral	£434.02M	23.19	13.24%	1.58%	23.91%	-14.66%
BAB	67 Neutral	£6.71B	23.63	46.10%	0.56%	7.36%	48.93%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
CHG	63 Neutral	£1.33B	27.67	14.44%	1.64%	-2.53%	22.25%
BA	61 Neutral	£54.02B	28.13	17.59%	1.99%	11.60%	8.03%
QQ	58 Neutral	£2.41B	-12.58	―	2.00%	-4.59%	-256.51%

Cohort plc Corporate Events

Cohort to Present Half-Year Results and Strategy in Live Investor Webinar

Cohort plc has announced that its Chief Executive, Andrew Thomis, and Finance Director, Simon Walther, will deliver a live investor presentation via Equity Development on 14 January 2026, where they will discuss the company’s recent half-year results and outline its corporate strategy. The webinar, which is free and open to both existing and potential shareholders, will include a Q&A session and be recorded for later viewing, underscoring Cohort’s efforts to enhance transparency and engage more directly with investors as it continues to develop its position in the international defence technology market.

The most recent analyst rating on (GB:CHRT) stock is a Hold with a £1190.00 price target. To see the full list of analyst forecasts on Cohort plc stock, see the GB:CHRT Stock Forecast page.

Cohort Updates Market on Total Voting Rights and Share Capital

Cohort plc has confirmed that as at 31 December 2025 its issued share capital comprised 46,950,593 ordinary shares of 10 pence each, with each share carrying one voting right and no shares held in treasury. This updated total voting rights figure provides the basis for shareholders and investors to calculate whether they are required to disclose holdings or changes in their interests under UK market transparency rules, reinforcing regulatory clarity around the company’s capital structure.

The most recent analyst rating on (GB:CHRT) stock is a Hold with a £1190.00 price target. To see the full list of analyst forecasts on Cohort plc stock, see the GB:CHRT Stock Forecast page.

Cohort to Brief Investors on Half-Year Results and Strategy via Live Online Presentation

Cohort plc has announced that its Chief Executive, Andrew Thomis, and Finance Director, Simon Walther, will host a live investor presentation on the Engage Investor platform on 12 January at 2:30pm GMT. During the session, they will discuss the group’s recent half-year results and outline its corporate strategy, with current shareholders and prospective investors invited to attend, follow the company via a personalised investor hub and submit questions before or during the event, underscoring Cohort’s efforts to enhance transparency and engagement with the investment community.

The most recent analyst rating on (GB:CHRT) stock is a Hold with a £1190.00 price target. To see the full list of analyst forecasts on Cohort plc stock, see the GB:CHRT Stock Forecast page.

Cohort plc CEO Transfers Shares to Spouse

Cohort plc announced that its Chief Executive, Andrew Thomis, transferred 80,000 ordinary shares to his spouse without any change in his beneficial interest, which remains at 186,600 shares, representing 0.40% of the company’s total issued share capital. This transaction, conducted on the London Stock Exchange AIM, is part of regulatory compliance and does not impact the company’s operations or market positioning.

The most recent analyst rating on (GB:CHRT) stock is a Hold with a £1190.00 price target. To see the full list of analyst forecasts on Cohort plc stock, see the GB:CHRT Stock Forecast page.

Cohort plc Director Shareholding Update

Cohort plc announced that Simon Walther, the Finance Director, transferred 75,000 ordinary shares to his spouse without any financial consideration, maintaining his beneficial interest in the company at 0.32% of the total issued share capital. This transaction, conducted outside of a Main Market, is in compliance with the EU Market Abuse Regulation, and does not alter the overall shareholding structure, reflecting a neutral impact on the company’s operations and market positioning.

The most recent analyst rating on (GB:CHRT) stock is a Hold with a £1190.00 price target. To see the full list of analyst forecasts on Cohort plc stock, see the GB:CHRT Stock Forecast page.

Cohort plc Reports Revenue Growth and Strong Order Book in H1 2025

Cohort plc reported a 9% increase in revenue to £128.8 million for the first half of 2025, driven by contributions from EM Solutions and other group businesses, except MCL. Despite a slight decrease in adjusted operating profit to £9.7 million, the company maintained a strong order book of £604.5 million and increased its interim dividend by 10%, reflecting confidence in future growth. The Communications and Intelligence division saw a significant profit increase, while the Sensors and Effectors division experienced lower margins due to specific project contributions. The company expects improved performance in the second half of the year, supported by a robust order book and positive outlook for organic growth in core defence markets.

The most recent analyst rating on (GB:CHRT) stock is a Hold with a £1190.00 price target. To see the full list of analyst forecasts on Cohort plc stock, see the GB:CHRT Stock Forecast page.

Cohort plc Announces Total Voting Rights Update

Cohort plc, an AIM-listed independent technology group, announced its total voting rights as of November 30, 2025, with an issued share capital of 46,930,296 ordinary shares, each carrying one vote. This update allows shareholders to calculate their interest in the company’s shares under the FCA’s Disclosure Guidance and Transparency Rules, impacting stakeholders’ understanding of their shareholding and potential voting power.

The most recent analyst rating on (GB:CHRT) stock is a Hold with a £1179.00 price target. To see the full list of analyst forecasts on Cohort plc stock, see the GB:CHRT Stock Forecast page.

Cohort plc to Announce Half-Year Results on December 10, 2025

Cohort plc has announced that it will release its half-year results for the six months ending October 31, 2025, on December 10, 2025. This announcement is significant for stakeholders as it provides insights into the company’s financial performance and strategic direction, potentially impacting its market positioning and investor confidence.

The most recent analyst rating on (GB:CHRT) stock is a Hold with a £1179.00 price target. To see the full list of analyst forecasts on Cohort plc stock, see the GB:CHRT Stock Forecast page.

Cohort plc Announces Total Voting Rights Update

Cohort plc, an independent technology group listed on AIM, announced that its issued share capital as of October 31, 2025, consists of 46,915,549 ordinary shares, each carrying one vote. This figure is significant for shareholders as it serves as the denominator for calculating their interests under the FCA’s Disclosure Guidance and Transparency Rules. The announcement underscores Cohort’s commitment to transparency and regulatory compliance, which is crucial for maintaining investor confidence and market integrity.

The most recent analyst rating on (GB:CHRT) stock is a Hold with a £1467.00 price target. To see the full list of analyst forecasts on Cohort plc stock, see the GB:CHRT Stock Forecast page.

Cohort plc Finance Director Exercises Share Options

Cohort plc announced that Simon Walther, the Finance Director, exercised options over 1,015 ordinary shares at a price of 532 pence per share under the Cohort plc Savings Related Share Option Scheme. This transaction increases Mr. Walther’s beneficial interest to 150,818 shares, representing 0.32% of the company’s total issued share capital. This move reflects the company’s ongoing commitment to aligning management interests with shareholder value, potentially impacting stakeholder confidence and market perception.

The most recent analyst rating on (GB:CHRT) stock is a Hold with a £1467.00 price target. To see the full list of analyst forecasts on Cohort plc stock, see the GB:CHRT Stock Forecast page.

Cohort plc Executives Acquire Shares Under Incentive Plan

Cohort plc announced that its Chief Executive, Andrew Thomis, and Finance Director, Simon Walther, have purchased shares under the company’s Share Incentive Plan. This transaction reflects the company’s ongoing commitment to aligning management interests with shareholder value, potentially strengthening stakeholder confidence in Cohort’s leadership and strategic direction.

The most recent analyst rating on (GB:CHRT) stock is a Hold with a £1469.00 price target. To see the full list of analyst forecasts on Cohort plc stock, see the GB:CHRT Stock Forecast page.