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Chemring Group Plc

Current Price 349.00p Bid 348.00p Ask 350.00p Change -1.83%
Last Updated: 18/04/2024 07:01. Prices delayed by at least 15 minutes.
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Company Overview

With origins dating back to the early twentieth century, Chemring is a specialist defence manufacturer producing decoy measures to protect air, sea and land platforms against guided missile threats. The group, which floated in 1974, employs over 2000 people at 14 operations in the UK, US, Germany, Spain, France and Australia.

Financial Highlights Year Ended 31/10/2023

Revenue
£472.60m
Operating Profit/Loss
£45.40m
Dividend yield (%)
2.50
Total dividend for year
n/ap
Dividend cover
2.97
P/E Ratio
13.70

Key Personnel

Mr Carl-Peter Forster
Chairman
Mr Andrew Davies
Finance Director
Mr Michael Ord
Group Chief Executive
Ms Alpna Amar
Independent Non-Executive Director
Mr James Mortensen
Non-Executive Director
Mr Stephen King
Non-Executive Director
Ms Fiona MacAulay
Non-Executive Director
Ms Laurie Bowen
Non-Executive Director
Ms Sarah Ellard
Secretary and Group Legal Director

Stock Details

EPIC
CHGL
ISIN
GB00B45C9X44
Shares in Issue
279.23m
Market cap
£974.50m

Analyst Views (1)

Strong Buy
 
0%
Buy
 
100.00%
Hold
 
0%
Sell
 
0%
Strong Sell
 
0%
This information is provided by Web Financial Group (UK) Limited. It is subject to change without notice and doesn't reflect the views held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
349.00p
Bid Price
348.00p
Ask Price
350.00p
Volume
34,578
Change Today
-6.50p
% Change Today
-1.83%
Open
349.50p
Previous Close
349.00p
Intraday High
351.50p
Intraday Low
347.50p
52 Week High
365.00p
52 Week Low
256.00p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

Income Statement

Year End Date
31 Oct 2023
31 Oct 2022
 
£ (M)
£ (M)
Continuing Operations
Revenue
472.60
401.00
Operating Profit/Loss
45.40
49.40
Net Interest
-1.30
-1.50
Pre-Tax Profit
44.10
47.90
Profit After Tax from continuing operations
37.70
44.40
Discontinued Operations
Profit After Tax
-32.30
3.00
Profit/Loss for the Year
5.40
47.40
Attributable to:
Equity Holders of Parent Company
5.40
47.40
Minority Interests
n/a
n/a
Total Dividend Paid
n/ap
n/ap
Retained Profit/(Loss) for the Financial Year
n/a
n/a

Earnings per Share

Year End Date
31 Oct 2023
31 Oct 2022
Basic
13.40p
15.80p
Diluted
13.10p
15.40p
Adjusted
20.20p
20.20p
Dividend per Share
n/ap
n/ap

Assets

Year End Date
31 Oct 2023
31 Oct 2022
 
£ (M)
£ (M)
Non-Current Assets
Property, Plant & Equipment
242.20
231.30
Intangible Assets
110.10
129.50
Investment Properties
n/a
n/a
Investments
n/a
n/a
Other Financial Assets
n/a
n/a
Other Non-Current Assets
60.40
78.10
Current Assets
Inventories
101.70
99.60
Trade & Other Receivables
74.80
61.10
Cash at Bank & In Hand
6.40
19.80
Current Asset Investments
n/a
n/a
Other Current Assets
0.80
0.70
Other Assets
n/a
n/a
Total Assets
596.40
620.10

Liabilities

Year End Date
31 Oct 2023
31 Oct 2022
 
£ (M)
£ (M)
Current Liabilities
Borrowings
1.10
1.80
Other Current Liabilities
141.00
111.90
Total Current Liabilities
142.10
113.70
Non-Current Liabilities
Borrowings
19.60
25.10
Provisions
55.80
62.00
Other Non-Current Liabilities
0.40
1.20
Total Non-Current Liabilities
75.80
88.30
Other Liabilities
n/a
n/a
Total Liabilities
217.90
202.00

Net Assets

Year End Date
31 Oct 2023
31 Oct 2022
 
£ (M)
£ (M)
Net Assets
378.50
418.10

Capital & Reserves

Year End Date
31 Oct 2023
31 Oct 2022
 
£ (M)
£ (M)
Share Capital
2.80
2.80
Share Premium Account
308.70
307.70
Other Reserves
4.10
20.40
Retained Earnings
62.90
87.20
Shareholders Funds
378.50
418.10
Minority Interests/Other Equity
n/a
n/a
Total Equity
378.50
418.10

Dividend History

Type
Ex-Dividend Date
Payment Date
Payment
Final
21 Mar 2024
12 Apr 2024
4.60p
Interim
17 Aug 2023
08 Sep 2023
2.30p
Final
23 Mar 2023
14 Apr 2023
3.80p
Interim
18 Aug 2022
09 Sep 2022
1.90p
Final
10 Mar 2022
31 Mar 2022
3.20p
Interim
19 Aug 2021
10 Sep 2021
1.60p
Final
01 Apr 2021
23 Apr 2021
2.60p
Interim
20 Aug 2020
11 Sep 2020
1.30p
Final
02 Apr 2020
24 Apr 2020
2.40p
Interim
29 Aug 2019
13 Sep 2019
1.20p
Final
04 Apr 2019
18 Apr 2019
2.20p
Interim
30 Aug 2018
14 Sep 2018
1.10p
Final
05 Apr 2018
20 Apr 2018
2.00p
Interim
31 Aug 2017
15 Sep 2017
1.00p
Final
27 Apr 2017
18 May 2017
1.30p
Interim
03 Sep 2015
25 Sep 2015
2.40p

Dividend Metrics

Year End Date
31 Oct 2023
31 Oct 2022
Dividend growth
21.05%
18.75%
Dividend yield
2.50%
1.90%
Dividend cover
2.97
3.33


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