CML Microsystems PLC (GB:CML)
LSE:CML
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CML Microsystems
(LSE:CML)
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Rating:59Neutral
Price Target:
274.00 p
▼(-3.86% Downside)
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
Low leverage / strong balance sheet
CML's very low debt and stable equity provide durable financial flexibility: supports funding R&D, absorbs cyclical semiconductor demand, preserves ability to pay dividends or pursue acquisition/licensing opportunities, and reduces refinancing risk during downturns.
Negative Factors
Revenue flattening and recent decline
A shift from growth to flattening and decline suggests weakening demand or lost design momentum. Sustained revenue contraction reduces scale, pressures gross margins and R&D investment capacity, and makes it harder to recover fixed-cost absorption in a capital-light fabless model.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
CML's very low debt and stable equity provide durable financial flexibility: supports funding R&D, absorbs cyclical semiconductor demand, preserves ability to pay dividends or pursue acquisition/licensing opportunities, and reduces refinancing risk during downturns.
Read all positive factors
CML Microsystems (CML) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£43.51M
Dividend Yield3.67%
Average Volume (3M)28.39K
Price to Earnings (P/E)265.0
Beta (1Y)0.13
Revenue Growth-10.70%
EPS GrowthN/A
CountryUK
Employees162
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
Negative
285.00
Price Trends
275.15
Negative
253.91
Positive
268.53
Negative
Market Momentum
-5.96
Positive
41.61
Neutral
15.90
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CML, the sentiment is Negative. The current price of 285 is below the 20-day moving average (MA) of 301.60, above the 50-day MA of 275.15, and above the 200-day MA of 268.53, indicating a bearish trend. The MACD of -5.96 indicates Positive momentum. The RSI at 41.61 is Neutral, neither overbought nor oversold. The STOCH value of 15.90 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | £747.81M | 68.28 | 26.93% | ― | 31.56% | -4.41% | |
74 Outperform | £236.19M | 44.37 | 11.85% | 0.95% | 13.75% | 6.74% | |
67 Neutral | £253.45M | 63.19 | 3.10% | 2.19% | 12.73% | -26.74% | |
63 Neutral | £669.00M | 23.13 | 8.34% | 2.09% | 4.82% | 17.80% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | £43.51M | 265.00 | 2.29% | 3.67% | -10.70% | ― | |
54 Neutral | £207.64M | -4.16 | -31.21% | ― | -7.62% | 5.48% |
* Technology Sector Average
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CML Microsystems Corporate Events
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...
Business Operations and StrategyFinancial Disclosures
CML Microsystems Sets June Date for Full-Year Results and Analyst Briefing
Positive
Apr 28, 2026
CML Microsystems said it will publish its preliminary full-year results on 17 June 2026, a key disclosure for investors tracking the communications-focused chip designer’s growth trajectory. Management will also brief analysts at an in-perso...
Business Operations and StrategyM&A TransactionsRegulatory Filings and Compliance
CML Microsystems Releases Treasury Shares for MwT Deal and Updates Voting Rights
Neutral
Apr 8, 2026
CML Microsystems has transferred 51,312 ordinary shares out of treasury as part of the consideration for its 2023 acquisition of Microwave Technology, Inc., issuing a portion of the remaining shares earlier than the original third-anniversary sche...
Business Operations and StrategyFinancial Disclosures
CML Microsystems lifts FY26 revenue, returns to profit on land gains
Positive
Apr 1, 2026
CML Microsystems reported that second‑half revenue for the year to 31 March 2026 rose about 18% versus the first half and exceeded the prior year’s second half, lifting full‑year sales above £20m but with margins diluted by ...
Regulatory Filings and Compliance
CML Microsystems Updates Share Option Scheme and Total Voting Rights
Neutral
Mar 27, 2026
CML Microsystems has provided an update on its share option scheme and current capital structure, confirming that 647,212 ordinary shares of 5p each remain available for issue under the CML Share Option Scheme following the allotment of 26,919 sha...
Other
CML Microsystems Director’s Family Increases Stake in Semiconductor Group
Positive
Mar 23, 2026
CML Microsystems reported an insider share purchase by the wife of Group Managing Director Chris Gurry, who acquired 24,710 ordinary shares at 210p each on the London Stock Exchange’s AIM market. Following this transaction, Gurry’s ben...
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.