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CML Microsystems
(LSE:CML)
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Rating:59Neutral
Price Target:
303.00 p
▲(16.54% Upside)
Action:Reiterated
Date:06/20/26
The score is supported primarily by a strong, low-debt balance sheet and improved 2026 cash flow, but is held back by the recent deterioration in profitability and weak technical momentum (trading below key moving averages with negative MACD). Valuation is mixed, with a high P/E only partly offset by a solid dividend yield.
Positive Factors
Balance sheet strength
The company’s very low debt and sizeable, stable equity provide durable financial flexibility. This conservatism lets CML fund R&D, support customers through long product cycles, and absorb cyclical semiconductor shocks without immediate refinancing pressure, preserving strategic optionality.
Negative Factors
Revenue deterioration
Flattening and subsequent revenue decline across 2025–2026 indicates weakening end-market demand or lost design traction. A shrinking top line reduces scale benefits, constrains R&D and product investment, and makes it harder to restore operating leverage over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
The company’s very low debt and sizeable, stable equity provide durable financial flexibility. This conservatism lets CML fund R&D, support customers through long product cycles, and absorb cyclical semiconductor shocks without immediate refinancing pressure, preserving strategic optionality.
Read all positive factors
CML Microsystems (CML) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£46.50M
Dividend Yield3.93%
Average Volume (3M)28.39K
Price to Earnings (P/E)280.0
Beta (1Y)0.17
Revenue Growth-10.70%
EPS Growth-200.00%
CountryUK
Employees161
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)0.01
Shares Outstanding16,607,693
10 Day Avg. Volume52,042
30 Day Avg. Volume28,394
Financial Highlights & Ratios
PEG Ratio-3.38
Price to Book (P/B)0.71
Price to Sales (P/S)1.77
P/FCF Ratio8.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
CML Microsystems Business Overview & Revenue Model
Company Description
CML Microsystems Plc, operating through its subsidiaries, specializes in the worldwide design, production, and sale of advanced mixed-signal, radio frequency (RF), and microwave semiconductor components. The company primarily provides high-perform...
How the Company Makes Money
CML makes money primarily by selling semiconductor products it designs and has manufactured by third-party foundries (fabless model). Key revenue streams include: (1) Sales of mixed-signal ICs and ASIC/ASSP-type devices to OEMs and equipment manuf...
CML Microsystems Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
82
Very Positive
Cash Flow
63
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 20.45M | 22.90M | 22.89M | 20.64M | 16.96M |
| Gross Profit | 9.52M | 15.89M | 16.21M | 12.89M | 10.37M |
| EBITDA | 1.28M | 3.75M | 6.04M | 8.12M | 4.32M |
| Net Income | -54.00K | -18.00K | 2.06M | 4.81M | 1.24M |
Balance Sheet | |||||
| Total Assets | 63.45M | 63.19M | 69.11M | 60.47M | 59.33M |
| Cash, Cash Equivalents and Short-Term Investments | 12.80M | 9.92M | 18.21M | 22.26M | 25.04M |
| Total Debt | 1.96M | 2.26M | 856.00K | 1.05M | 468.00K |
| Total Liabilities | 12.00M | 14.18M | 18.04M | 9.71M | 9.48M |
| Stockholders Equity | 51.45M | 49.01M | 51.08M | 50.75M | 49.85M |
Cash Flow | |||||
| Free Cash Flow | 4.16M | -1.75M | -53.00K | 182.00K | -616.00K |
| Operating Cash Flow | 4.81M | 3.09M | 5.04M | 5.67M | 4.02M |
| Investing Cash Flow | -4.44M | -3.39M | -10.85M | 1.75M | 1.81M |
| Financing Cash Flow | -1.80M | -3.09M | -3.88M | -5.56M | -8.92M |
CML Microsystems Technical Analysis
Positive
260.00
Price Trends
272.07
Positive
257.79
Positive
262.20
Positive
Market Momentum
3.46
Negative
57.68
Neutral
56.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CML, the sentiment is Positive. The current price of 260 is below the 20-day moving average (MA) of 263.87, below the 50-day MA of 272.07, and below the 200-day MA of 262.20, indicating a bullish trend. The MACD of 3.46 indicates Negative momentum. The RSI at 57.68 is Neutral, neither overbought nor oversold. The STOCH value of 56.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:CML.
CML Microsystems Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | £243.00M | 45.65 | 11.85% | 0.42% | 13.75% | 6.74% | |
63 Neutral | £744.94M | 25.83 | 9.04% | 2.09% | 4.82% | 17.80% | |
62 Neutral | £333.92M | 82.71 | 3.33% | 0.80% | 12.73% | -26.74% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | £226.24M | -4.56 | -31.21% | ― | -7.62% | 5.48% | |
59 Neutral | £46.50M | 280.00 | -0.11% | 4.23% | -10.70% | -200.00% | |
55 Neutral | £523.46M | 52.42 | 11.47% | ― | 31.56% | -4.41% |
* Technology Sector Average
GB:CML
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-7.89%
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CML Microsystems Corporate Events
Business Operations and StrategyFinancial DisclosuresShareholder Meetings
CML Microsystems Publishes 2026 Annual Report and Sets AGM Date
Positive
Jul 6, 2026
CML Microsystems Plc has posted its annual report and accounts for the year ended 31 March 2026, together with the notice of its 2026 Annual General Meeting, to shareholders and made them available on its website. The AGM is scheduled for 9:30 a.m...
Business Operations and StrategyDividendsFinancial Disclosures
CML Microsystems eyes renewed growth after GNSS deal and second-half rebound
Positive
Jun 17, 2026
CML Microsystems reported full-year revenue of £20.45m, down from £22.90m, and a reduced pre-tax loss of £0.07m, but highlighted a strong second-half recovery as customer inventories normalised and previously constrained products re...
Business Operations and StrategyDividendsFinancial Disclosures
CML Microsystems Eyes Renewed Growth After Second-Half Rebound and Landmark GNSS Deal
Positive
Jun 17, 2026
CML Microsystems reported full-year revenue of £20.45m, down from £22.90m, but saw a marked second-half recovery as customer inventories normalised and product availability improved. Gross profit slipped to £12.89m and the group pos...
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.