Cohort (AIM: CHRT)

Last close As at 01/03/2024

440.00

11.00 (2.56%)

Market capitalisation

GBP177m

Edison Investment Research is terminating coverage on Cohort. Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant.

 

Previously published reports can still be accessed via our website.

Latest Insights

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Industrials | Outlook

Cohort — Defence remains an increasing priority

Industrials | Update

Cohort — Order book supports return to growth

Industrials | Flash note

Cohort — Making good progress at SEA

Sector

Industrials

Balance Sheet

Forecast net cash (£m)

4.9

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (11.1) (20.7) (28.3)
Relative (16.6) (18.5) (25.9)
52 week high/low 630.0p/391.0p

Financials

Cohort is an AIM-listed defence and security company operating across six divisions: MASS (22% of H123 sales), SEA (21%), MCL (18%), the 80%-owned Portuguese business EID (3%), the now wholly owned Chess Dynamics based in the UK (25%) and ELAC SONAR in Germany (12%).

Y/E Apr Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2021A 143.3 22.1 17.9 33.6 13.1 8.5
2022A 137.8 19.4 14.7 31.1 14.1 7.8
2023E 165.9 22.9 17.6 35.0 12.6 24.5
2024E 179.7 25.2 19.6 36.5 12.1 8.7

Research

Update

Industrials

Cohort — Record year delivered despite pandemic

Update

Industrials

Cohort — Earnings growth despite COVID impacts

Update

Industrials

Cohort — Executing the strategy

Flash note

Industrials

Cohort — Order cover strengthens further

Update

Industrials

Cohort — Strong order intake bodes well

Update

Industrials

Cohort — Orders underpinning prospects

Outlook

Industrials

Cohort — Strategic Chess move

Flash note

Industrials

Cohort — Further order successes for MASS and EID

Flash note

Industrials

Cohort — MASS success verifies core capabilities

Flash note

Industrials

Cohort — Encouraging order development

Update

Industrials

Cohort — Marching on

Update

Industrials

Cohort — Progressing to plan

Outlook

Industrials

Cohort — Agile and responsive

Flash note

Industrials

Cohort — Going to plan

Update

Industrials

Cohort — Marching on

research

Industrials

Cohort — Protection for hearing and earnings

Flash note

Industrials

Cohort — Update 26 January 2017

Update

Industrials

Cohort — Update 12 December 2016

Flash note

Industrials

Cohort — Update 12 October 2016

Outlook

Industrials

Cohort — Update 4 October 2016

Update

Industrials

Cohort — Update 30 July 2016

Flash note

Industrials

Cohort — Update 31 March 2016

Update

Industrials

Cohort — Update 16 December 2015

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