Cohort plc (CHRT) AI Stock Analysis

• Market Cap: £592.27M
• Dividend Yield: 1.58%
• Average Volume (3M): 178.03K
• Price to Earnings (P/E): 28.8
• Beta (1Y): 0.71
• 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: 46,915,550
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: 1,190.00p ▲(20.81% 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

The strong revenue growth indicates robust demand and effective market positioning, which supports long-term business expansion and stability.

Financial Stability

A conservative leverage approach enhances financial stability, providing a solid foundation for sustainable growth and resilience against market fluctuations.

Cash Generation

Strong cash generation relative to earnings ensures the company can fund operations and invest in growth opportunities without relying heavily on external financing.

Negative Factors

Free Cash Flow Constraints

Constraints in free cash flow relative to net income could limit the company's ability to invest in future growth initiatives, impacting long-term expansion.

Margin Pressure

Declining margins may indicate rising costs or increased competition, which could pressure profitability and require strategic adjustments to maintain competitive advantage.

Asset Utilization

Improving asset utilization is crucial for maximizing returns on investment and enhancing operational efficiency, which is vital for long-term profitability.

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 shows strong revenue growth and stable profitability, supported by a solid balance sheet with conservative leverage. However, there is room for improvement in 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	270.04M	270.04M	202.53M	182.71M	137.76M	143.31M
Gross Profit	78.81M	90.42M	76.27M	64.86M	56.60M	53.36M
EBITDA	32.48M	35.57M	29.25M	23.07M	21.79M	21.36M
Net Income	19.25M	19.25M	15.32M	11.36M	9.20M	5.46M
Balance Sheet
Total Assets	396.58M	396.58M	252.50M	210.69M	203.17M	190.88M
Cash, Cash Equivalents and Short-Term Investments	74.65M	74.65M	55.16M	41.45M	40.37M	32.29M
Total Debt	78.88M	78.88M	40.51M	34.98M	39.52M	37.38M
Total Liabilities	236.49M	236.49M	142.66M	110.91M	113.98M	105.83M
Stockholders Equity	158.61M	158.61M	108.67M	97.02M	83.97M	79.31M
Cash Flow
Free Cash Flow	39.13M	38.00M	16.36M	11.29M	17.52M	14.97M
Operating Cash Flow	52.31M	51.18M	23.02M	16.52M	19.52M	16.22M
Investing Cash Flow	-94.77M	-93.65M	-6.16M	-6.11M	-2.37M	-2.54M
Financing Cash Flow	46.18M	46.18M	-16.92M	-10.57M	-8.70M	-1.55M

Cohort plc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 985.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CHRT, the sentiment is Negative. The current price of 985 is below the 20-day moving average (MA) of 1090.75, below the 50-day MA of 1220.02, and below the 200-day MA of 1329.91, indicating a bearish trend. The MACD of -60.59 indicates Positive momentum. The RSI at 29.90 is Positive, neither overbought nor oversold. The STOCH value of 13.48 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:CHRT.

Cohort plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GDWN	73 Outperform	£1.48B	60.06	18.87%	0.98%	14.88%	45.73%
CHRT	69 Neutral	£592.27M	28.76	13.24%	1.58%	23.91%	-14.66%
CHG	69 Neutral	£1.54B	39.43	14.44%	1.64%	-2.53%	22.25%
AVON	66 Neutral	£570.89M	112.60	6.27%	1.03%	10.74%	237.07%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
BA	61 Neutral	$49.36B	25.70	17.59%	2.01%	11.60%	8.03%
QQ	58 Neutral	£2.53B	-13.93	―	2.06%	-4.59%	-256.51%

Cohort plc Corporate Events

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.

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.

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.

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.

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.

Cohort plc Directors Reinvest Dividends into Company Shares

Cohort plc announced that dividends received by its Chief Executive, Andrew Thomis, and Finance Director, Simon Walther, were automatically reinvested into company shares. This transaction resulted in Thomis holding 0.40% and Walther holding 0.32% of the company’s total issued share capital. The reinvestment reflects the company’s ongoing commitment to aligning management interests with shareholder value, potentially strengthening investor confidence in the company’s governance and financial strategies.

Cohort’s MASS Secures £15.7 Million Countermeasures Contract

Cohort plc’s subsidiary, MASS, has secured a £15.7 million contract to provide airborne countermeasures and associated services to a UK defence prime contractor for an international client. This contract, alongside recent wins totaling £60 million, strengthens Cohort’s revenue visibility and underscores MASS’s leading position in the spectrum warfare sector.

Cohort plc Updates on Total Voting Rights

Cohort plc, an AIM-listed independent technology group, announced that its issued share capital consists of 46,845,936 ordinary shares, each carrying one vote. This update is in accordance with the FCA’s Disclosure Guidance and Transparency Rule. The company does not hold any shares in treasury, and this figure serves as a denominator for shareholders to determine their interest in the company’s shares, impacting their notification requirements under the relevant rules.

Cohort plc Announces Successful AGM with All Resolutions Passed

Cohort plc announced the successful passing of all resolutions at its recent Annual General Meeting. This outcome reflects strong shareholder support and is likely to bolster the company’s strategic initiatives and operational stability. The approval of resolutions, including those related to share plans and director re-elections, underscores confidence in the company’s leadership and future direction.

Cohort plc Reports Record Financial Results and Positive Outlook for FY2026

Cohort plc reported record financial results for FY2025, with significant achievements in revenue, operating profit, and order intake. The company maintains a robust order book and anticipates continued growth in FY2026, despite a slower start in the first half. The acquisition of EM Solutions has positively contributed to the group’s performance, and ongoing geopolitical tensions are expected to drive further investment in defense, supporting Cohort’s organic and acquisition-driven growth strategy.

Cohort plc Grants Share Options to Finance Director

Cohort plc announced the grant of share options under its 2016 Savings Related Share Option Scheme to Simon Walther, the Finance Director. The options, which are part of a three-year savings contract, were offered at a 20% discounted exercise price based on the share price as of August 21, 2025. This move is part of Cohort’s strategy to incentivize its leadership team and align their interests with those of the company’s stakeholders, potentially impacting the company’s operational focus and market positioning.

Cohort plc to Present at MelloMonday Webinar

Cohort plc announced that its Chief Executive, Andrew Thomis, will be presenting an introduction to the company at MelloMonday on September 15, 2025, via a Zoom Webinar. This presentation aims to engage with potential investors and stakeholders, highlighting the company’s strategic initiatives and market positioning in the defense sector.

Cohort plc Announces Director Shareholding Changes Following LTIP Vesting

Cohort plc announced changes in director shareholdings following the vesting of the Executive Long Term Incentive Plan 2021 share awards. The vested shares were transferred to executive directors at no cost, with a portion sold to cover tax and National Insurance liabilities. The remaining shares are subject to a two-year holding period. The vesting was based on performance conditions related to organic and total growth targets, which were exceeded. This announcement highlights Cohort’s strong performance and commitment to rewarding its executives, potentially impacting its market positioning positively.