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Cohort plcCHRT.LCompetitor analysis, valuation and peers

United Kingdom · GBP·Industrials›Aerospace & Defense
Momentum weak 37
Mkt cap
$774M
US dollars, full cap
Free float
75%
of shares outstanding
$/day
$2.44M
20-day average traded
Fwd P/E
18.5×
forward earnings
ROIC−WACC
+5.2 pp
WACC 8.2%
Hurdle
n/a
no reverse DCF
Next earnings
40 days
16 Dec 2026
Close · GBP£1,244
1D+1.8%
1W-11.9%
1M+4.4%
3M-9.3%
6M+8.9%
YTD+37.2%
1Y+1.1%
ATR %5.3%
52w lowhigh19.1% off high

What Cohort does

Employees: 1,719

Cohort at a glance

Size Cohort (CHRT.L) is a United Kingdom Industrials company (Aerospace & Defense) with a market value of $774M, the 246th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £1,244 on 6 Nov 2026.

Performance Over six months the shares gained 8.9%, against -32.4% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 3rd highest of 20 in its peer set.

Growth Revenue grew 13.5% over the last twelve months (peer median +4.7%); the operating margin is 11.5% (peer median 6.1%).

Valuation It trades at 18.5× forward earnings against a peer median of 31.7× (2nd cheapest of 12).

Capital Return on invested capital runs 5.2 points above its cost of capital (8.2% WACC).

Next results Next results expected around 16 Dec 2026 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026CHRT.L 110Peer median 67
Six months, rebased to 100: Cohort against the median of its 20 peers (local-currency closes).

Cohort financials

Reported figures in GBP; fiscal year ends 2026-04-30. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue£306M£306M£270M£203M£183M
Revenue growth—+13%+33%+11%—
Gross profit£90.9M£94.6M£85.0M£71.1M£59.1M
EBITDA£48.5M£44.8M£32.8M£25.4M£24.3M
Net income£23.9M£23.9M£19.2M£15.3M£11.4M
Free cash flow-£5.88M-£5.88M£39.1M£16.9M£11.2M
Capital expenditure£17.6M£17.6M£13.2M£6.66M£5.23M
Total debtn/a£56.3M£78.9M£40.5M£44.5M

Quarterly statements and history in the cockpit →

Cohort competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%-20%0%688510001388300696DRO7224300397YSS688631300722PNG600990300581EVEXAVON002970688685V1NCNPKPARASCHRT.L6-month return →1-month return →
Up and to the right = strong over both horizons. Cohort is the large dot.

Fundamentals: revenue growth against valuation

-25%0%+25%+50%+75%25×50×75×688510300696300397688631PNG600990AVON002970688685V1NCPARASCHRT.LRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Cohort is the large dot.

Cohort competitors and peer comparison

How Cohort compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Cohort against its 20 peers (data as of 6 Nov 2026)
MeasureCHRT.LPeer medianRank in peer set
1-month return+4.4%-6.2%4th highest of 20
6-month return+8.9%-32.4%3rd highest of 20
Distance from 52-week high-19.1%-56.7%3rd highest of 20
Revenue growth (TTM)+13.5%+4.7%9th highest of 20
Operating margin11.5%6.1%7th highest of 20
Forward P/E18.5×31.7×2nd cheapest of 12
ROIC minus cost of capital+5.2 pp-5.4 pphighest of 19
EV / EBITDA12.0×25.4×2nd cheapest of 9
Net debt / EBITDA0.1×0.7×4th least indebted of 9

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Cohort CHRT.LUnited Kingdom$774M+9%+13%11%18.5×n/an/a
Wuxi Hyatech 688510.SSChina$768M-41%-4%12%38.6×41.9%+18.2%
Shandong Senter Electronic 001388.SZChina$742M-16%+5%6%n/a21.1%+17.7%
Chengdu ALD Aviation Manufacturing 300696.SZChina$733M-58%-18%-12%79.0×n/an/a
DroneShield DRO.AXAustralia$818M-60%+153%-14%n/an/an/a
Shinmaywa Industries,Ltd 7224.TJapan$721M-32%+12%6%n/a-5.6%+6.4%
Xi'An Tian He Defense Technology 300397.SZChina$713M-28%+69%-5%31.7×n/an/a
York Space Systems YSSUnited States$860M-82%+52%-15%n/an/an/a
Nanjing LES Information Technology 688631.SSChina$863M-38%-31%-5%90.2×36.9%-1.1%
Jiangxi Xinyu Guoke Technology 300722.SZChina$870M-26%+14%14%n/a38.8%+12.9%
Tonbo Imaging India TONBO.NSIndia$895Mn/a-23%21%n/an/an/a
Kraken Robotics PNG.VCanada$896M-53%+21%-2%27.6×n/an/a
Sun-Create Electronics 600990.SSChina$669M-28%-13%-30%57.1×35.7%-15.1%
Xi'an ChenXi Aviation Technology 300581.SZChina$906M-13%0%-78%n/an/an/a
Eve EVEXUnited States$645M-43%n/an/an/an/an/a
Avon Technologies AVON.LUnited Kingdom$933M+45%+5%12%22.8×16.3%+7.4%
Streamax Technology 002970.SZChina$951M-51%+3%11%12.3×n/an/a
Jiangsu Maixinlin Aviation Science and Technology 688685.SSChina$620M-42%-36%-18%21.2×n/an/a
Vincorion V1NC.DEGermany$982M-5%+18%12%24.6×38.0%+47.5%
National Presto Industries NPKUnited States$1.02B0%+21%9%n/a8.3%+7.4%
Paras Defence & Space Technologies PARAS.NSIndia$1.06B+43%+42%23%85.7×n/an/a

Questions

Which companies are Cohort's closest peers?
The cockpit's peer set: Wuxi Hyatech (688510.SS), Shandong Senter Electronic (001388.SZ), Chengdu ALD Aviation Manufacturing (300696.SZ), DroneShield (DRO.AX), Shinmaywa Industries,Ltd (7224.T), Xi'An Tian He Defense Technology (300397.SZ), York Space Systems (YSS), Nanjing LES Information Technology (688631.SS).
Is Cohort expensive compared with its peers?
On forward p/e it trades at 18.5× against a peer median of 31.7×, 2nd cheapest of 12 in its peer set.
How has Cohort stock performed?
Over six months to 6 Nov 2026 the shares returned +8.9% against -32.4% for the median peer; over one year +1.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.