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CML Microsystems
(LSE:CML)
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Rating:56Neutral
Price Target:
324.00 p
▲(5.37% Upside)
Action:Reiterated
Date:09/20/26
The score is driven primarily by mixed fundamentals: a strong, low-debt balance sheet and improved 2026 cash flow provide support, but the recent revenue decline and swing to operating losses are material risks. Technicals are currently weak (downtrend with oversold momentum), and valuation is pressured by an extremely high P/E despite a decent dividend yield.
Positive Factors
Conservative Balance Sheet
Very low leverage and stable equity provide CML with financial resilience during cyclical weakness. This supports continued investment in product development and gives management greater flexibility to withstand weaker demand without excessive refinancing or interest burdens.
Negative Factors
Recent Revenue Decline
The transition from strong expansion to flat and then declining revenue indicates weakening demand, customer production, or product mix. Persistent top-line contraction would reduce operating leverage, constrain investment capacity, and make recovery in profitability more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low leverage and stable equity provide CML with financial resilience during cyclical weakness. This supports continued investment in product development and gives management greater flexibility to withstand weaker demand without excessive refinancing or interest burdens.
Read all positive factors
CML Microsystems (CML) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£50.10M
Dividend Yield3.67%
Average Volume (3M)12.61K
Price to Earnings (P/E)300.0
Beta (1Y)<0.01
Revenue Growth-10.70%
EPS Growth-200.00%
CountryUK
Employees161
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)0.01
Shares Outstanding16,698,471
10 Day Avg. Volume9,402
30 Day Avg. Volume12,608
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)>-0.01
Revenue Forecast (FY)£23.90M
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 primarily makes money by selling semiconductor products it designs—principally integrated circuits and micromodules—to original equipment manufacturers (OEMs) and electronics manufacturers who incorporate these components into their own end pr...
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 | 3.71M | 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
307.50
Price Trends
306.35
Negative
287.50
Positive
266.24
Positive
Market Momentum
0.35
Positive
42.22
Neutral
24.33
Neutral
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 307.5 is below the 20-day moving average (MA) of 311.87, above the 50-day MA of 306.35, and above the 200-day MA of 266.24, indicating a neutral trend. The MACD of 0.35 indicates Positive momentum. The RSI at 42.22 is Neutral, neither overbought nor oversold. The STOCH value of 24.33 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | £240.73M | 44.59 | 11.21% | 0.43% | 7.62% | 7.71% | |
64 Neutral | £801.65M | 27.80 | 9.04% | 1.56% | 4.82% | 17.80% | |
62 Neutral | £344.18M | 83.05 | 3.33% | 0.80% | 12.73% | -26.74% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | £555.36M | 132.85 | 11.47% | 2.68% | -1.40% | -67.76% | |
58 Neutral | £322.65M | -9.29 | -24.38% | 3.68% | -2.68% | 47.33% | |
56 Neutral | £50.10M | 300.00 | -0.11% | 3.67% | -10.70% | -200.00% |
* Technology Sector Average
GB:CML
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CML Microsystems Corporate Events
Business Operations and StrategyM&A TransactionsRegulatory Filings and Compliance
CML Microsystems Updates Treasury Share Position After MwT Acquisition
Positive
Oct 2, 2026
CML Microsystems has transferred 39,467 ordinary shares out of treasury as part of the share-based consideration for its acquisition of U.S.-based Microwave Technology, Inc., completed in October 2023. The move reflects the continuing integration ...
Business Operations and StrategyRegulatory Filings and Compliance
CML Microsystems Director Boosts Stake After Amended Deal Notice
Positive
Oct 1, 2026
CML Microsystems Plc reported that non-executive director Nathan Zommer has acquired 153,937 ordinary shares at 260p each in an off-market transaction, lifting his stake to 1,405,081 shares, or about 8.43% of the company’s voting rights. The...
Business Operations and StrategyPrivate Placements and Financing
CML Director Lifts Stake to 8.43% in Semiconductor Specialist
Positive
Sep 30, 2026
CML Microsystems Plc, a developer of mixed-signal, RF and microwave semiconductors for global communications markets, targets high-growth, high-barrier sub-segments and supplies a diversified roster of blue-chip industrial and commercial manufactu...
Business Operations and StrategyStock BuybackDividendsFinancial DisclosuresShareholder Meetings
CML Microsystems Wins Strong Shareholder Backing at 2026 AGM
Positive
Aug 11, 2026
CML Microsystems reported that all resolutions at its 2026 annual general meeting were approved by shareholders, including the adoption of the latest financial statements and the directors’ remuneration report. Investors also backed a final ...
Business Operations and StrategyFinancial Disclosures
CML Microsystems Sees Strong Start to FY27 and Earlier Return to Profitability
Positive
Aug 11, 2026
CML Microsystems reported that it entered its FY27 financial year with strong momentum after a positive final quarter, marked by revenue growth and improving order intake. Demand has firmed across all key market verticals, with early FY27 revenue ...
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.