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CML Microsystems

BST:92M
Snowflake Description

Adequate balance sheet unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
92M
BST
£40M
Market Cap
  1. Home
  2. DE
  3. Semiconductors
Company description

CML Microsystems Plc, through its subsidiaries, designs, manufactures, and markets a range of semiconductor products for use in communications and data storage industries in Europe, the Far East, the Americas, and internationally. The last earnings update was 137 days ago. More info.


Add to Portfolio Compare Print
  • CML Microsystems has significant price volatility in the past 3 months.
92M Share Price and Events
7 Day Returns
8.2%
BST:92M
-7.2%
DE Semiconductor
-3%
DE Market
1 Year Returns
-24.7%
BST:92M
-28.9%
DE Semiconductor
-20.6%
DE Market
92M Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CML Microsystems (92M) 8.2% -32.8% -38% -24.7% -49.7% -
DE Semiconductor -7.2% -28% -34.8% -28.9% -26.2% 4.6%
DE Market -3% -19.1% -26.2% -20.6% -25.6% -30.7%
1 Year Return vs Industry and Market
  • 92M outperformed the Semiconductor industry which returned -28.9% over the past year.
  • 92M underperformed the Market in Germany which returned -20.6% over the past year.
Price Volatility
92M
Industry
5yr Volatility vs Market

92M Value

 Is CML Microsystems undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of CML Microsystems to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for CML Microsystems.

BST:92M Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in GBP £ .078000
Payout Ratio Company Filings (2019-09-30) 3420.1%
Discount Rate (Cost of Equity) See below 6.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:92M
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Semiconductor Unlevered Beta Simply Wall St/ S&P Global 1.24
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.241 (1 + (1- 19%) (2.45%))
1.178
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.18
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.178 * 6.07%)
6.76%

Discounted Cash Flow Calculation for BST:92M using Dividend Discount Model Model

The calculations below outline how an intrinsic value for CML Microsystems is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

BST:92M Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= £0.08 / (6.76% - -0.39%)
£1.15
BST:92M Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:92M represents 1.02586x of LSE:CML
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.02586x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 1.09 x 1.02586
€1.12
Value per share (EUR) From above. €1.12
Current discount Discount to share price of €2.38
= -1 x (€2.38 - €1.12) / €1.12
-112.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of CML Microsystems is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for CML Microsystems's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CML Microsystems's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:92M PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in GBP £0.09
LSE:CML Share Price ** LSE (2020-04-03) in GBP £2.32
Germany Semiconductor Industry PE Ratio Median Figure of 8 Publicly-Listed Semiconductor Companies 18.86x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of CML Microsystems.

BST:92M PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:CML Share Price ÷ EPS (both in GBP)

= 2.32 ÷ 0.09

25.42x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CML Microsystems is overvalued based on earnings compared to the DE Semiconductor industry average.
  • CML Microsystems is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does CML Microsystems's expected growth come at a high price?
Raw Data
BST:92M PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Semiconductor Industry PEG Ratio Median Figure of 7 Publicly-Listed Semiconductor Companies 1.09x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for CML Microsystems, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on CML Microsystems's assets?
Raw Data
BST:92M PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in GBP £2.50
LSE:CML Share Price * LSE (2020-04-03) in GBP £2.32
Germany Semiconductor Industry PB Ratio Median Figure of 12 Publicly-Listed Semiconductor Companies 1.4x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
BST:92M PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:CML Share Price ÷ Book Value per Share (both in GBP)

= 2.32 ÷ 2.50

0.93x

* Primary Listing of CML Microsystems.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CML Microsystems is good value based on assets compared to the DE Semiconductor industry average.
X
Value checks
We assess CML Microsystems's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Semiconductor industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Semiconductor industry average (and greater than 0)? (1 check)
  5. CML Microsystems has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

92M Future Performance

 How is CML Microsystems expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as CML Microsystems has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
18.6%
Expected Semiconductor industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CML Microsystems expected to grow at an attractive rate?
  • Unable to compare CML Microsystems's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare CML Microsystems's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare CML Microsystems's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BST:92M Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Semiconductor Industry Earnings Growth Rate Market Cap Weighted Average 18.6%
Germany Semiconductor Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BST:92M Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:92M Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-04-04
2020-03-31 28 8 2 2
BST:92M Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-09-30 26 7 2
2019-06-30 27 7 2
2019-03-31 28 7 3
2018-12-31 29 8 4
2018-09-30 31 8 4
2018-06-30 31 9 4
2018-03-31 32 9 4
2017-12-31 31 9 4
2017-09-30 31 9 4
2017-06-30 29 10 4
2017-03-31 28 11 4
2016-12-31 26 11 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if CML Microsystems is high growth as no earnings estimate data is available.
  • Unable to determine if CML Microsystems is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BST:92M Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from CML Microsystems Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:92M Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-04-04
2020-03-31 0.11 0.11 0.10 2.00
BST:92M Past Financials Data
Date (Data in GBP Millions) EPS *
2019-09-30 0.09
2019-06-30 0.12
2019-03-31 0.16
2018-12-31 0.21
2018-09-30 0.25
2018-06-30 0.25
2018-03-31 0.25
2017-12-31 0.25
2017-09-30 0.25
2017-06-30 0.24
2017-03-31 0.23
2016-12-31 0.22

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if CML Microsystems will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine CML Microsystems's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. CML Microsystems's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Semiconductors companies here
  3. CML Microsystems's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess CML Microsystems's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
CML Microsystems has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

92M Past Performance

  How has CML Microsystems performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare CML Microsystems's growth in the last year to its industry (Semiconductor).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • CML Microsystems's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • CML Microsystems's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • CML Microsystems's 1-year earnings growth is negative, it can't be compared to the DE Semiconductor industry average.
Earnings and Revenue History
CML Microsystems's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from CML Microsystems Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:92M Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 26.14 1.56 12.03 1.07
2019-06-30 27.14 2.13 11.89 1.07
2019-03-31 28.14 2.69 11.76 1.07
2018-12-31 29.43 3.51 11.57 1.13
2018-09-30 30.71 4.33 11.39 1.19
2018-06-30 31.19 4.23 11.60 1.19
2018-03-31 31.67 4.14 11.82 1.19
2017-12-31 31.19 4.13 12.18 1.12
2017-09-30 30.71 4.12 12.54 1.06
2017-06-30 29.22 3.99 11.81 1.06
2017-03-31 27.74 3.87 11.09 1.06
2016-12-31 26.31 3.63 10.85 0.89
2016-09-30 24.87 3.40 10.61 0.73
2016-06-30 23.85 3.16 10.01 0.73
2016-03-31 22.83 2.93 9.41 0.73
2015-12-31 22.72 2.96 9.24 0.79
2015-09-30 22.60 2.99 9.07 0.85
2015-06-30 22.20 2.85 8.84 0.85
2015-03-31 21.80 2.70 8.62 0.85
2014-09-30 21.61 3.22 9.19 0.66
2014-06-30 23.00 3.99 9.19 0.66
2014-03-31 24.39 4.77 9.19 0.66
2013-09-30 25.25 5.10 8.99 0.70
2013-06-30 24.95 4.77 8.99 0.70

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • CML Microsystems has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • CML Microsystems used its assets less efficiently than the DE Semiconductor industry average last year based on Return on Assets.
  • CML Microsystems's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess CML Microsystems's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Semiconductor industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
CML Microsystems has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

92M Health

 How is CML Microsystems's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up CML Microsystems's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CML Microsystems is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • CML Microsystems's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CML Microsystems's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are -1.6766000692774E+17x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from CML Microsystems Company Filings, last reported 6 months ago.

BST:92M Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 42.69 0.00 11.20
2019-06-30 42.69 0.00 11.20
2019-03-31 42.32 0.66 13.47
2018-12-31 42.32 0.66 13.47
2018-09-30 43.21 0.00 13.54
2018-06-30 43.21 0.00 13.54
2018-03-31 41.77 0.00 13.82
2017-12-31 41.77 0.00 13.82
2017-09-30 38.40 0.00 12.72
2017-06-30 38.40 0.00 12.72
2017-03-31 37.64 0.00 12.45
2016-12-31 37.64 0.00 12.45
2016-09-30 36.81 0.00 11.56
2016-06-30 36.81 0.00 11.56
2016-03-31 32.58 0.00 13.60
2015-12-31 32.58 0.00 13.60
2015-09-30 29.03 0.00 12.26
2015-06-30 29.03 0.00 12.26
2015-03-31 28.97 0.00 13.19
2014-09-30 28.23 0.00 11.59
2014-06-30 28.23 0.00 11.59
2014-03-31 27.93 0.00 11.37
2013-09-30 22.94 0.00 9.74
2013-06-30 22.94 0.00 9.74
  • CML Microsystems's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if CML Microsystems's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • CML Microsystems has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess CML Microsystems's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. CML Microsystems has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

92M Dividends

 What is CML Microsystems's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.36%
Current annual income from CML Microsystems dividends.
If you bought €2,000 of CML Microsystems shares you are expected to receive €67 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • CML Microsystems's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.69%).
  • CML Microsystems's dividend is below the markets top 25% of dividend payers in Germany (4.85%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:92M Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Semiconductor Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 1.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 318 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BST:92M Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2020-04-04
2020-03-31 0.08 2.00
BST:92M Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-07-31 0.078 2.475
2018-07-03 0.078 2.110
2018-06-12 0.078 1.480
2017-11-21 0.040 0.766
2017-08-02 0.074 1.628
2016-06-24 0.070 1.788
2016-06-14 0.070 1.934
2015-06-25 0.069 1.899
2015-06-09 0.069 1.803
2014-06-30 0.063 1.792
2014-06-10 0.063 1.630
2013-06-11 0.055 1.024
2012-06-22 0.040 1.113
2012-06-12 0.040 1.453
2011-06-24 0.035 1.508
2011-06-14 0.035 1.491

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CML Microsystems has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but CML Microsystems only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of CML Microsystems's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess CML Microsystems's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can CML Microsystems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CML Microsystems has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

92M Management

 What is the CEO of CML Microsystems's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Chris Gurry
COMPENSATION £314,000
AGE 55
TENURE AS CEO 12.5 years
CEO Bio

Mr. Christopher Arthur Gurry, also known as Chris, has been the Group Managing Director of CML Microsystems plc since October 1, 2007. Mr. Gurry served as a Joint Managing Director at CML Microsystems plc since June 20, 2007 and served as its Business Development Director from April, 2000 to June 20, 2007. He joined CML Microsystems PLC in 1994. He has over 20 years' experience within communications markets. Mr. Gurry served as Chairman of the Board of CML Microsystems plc until January 19, 2015 and also served as its Interim Executive Chairman since October 2013. He has been a Director of CML Microsystems plc since 2000.

CEO Compensation
  • Chris's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Chris's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the CML Microsystems management team in years:

7
Average Tenure
59
Average Age
  • The average tenure for the CML Microsystems management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Nigel Clark

TITLE
Group Non-Executive Chairman & Financial Director
COMPENSATION
£70K
AGE
65
TENURE
0.3 yrs

Chris Gurry

TITLE
Group MD & Director
COMPENSATION
£314K
AGE
55
TENURE
12.5 yrs

Hugh Rudden

TITLE
Group Sales & Marketing Director and Director
COMPENSATION
£200K
AGE
59
TENURE
5.8 yrs

Mike Gurry

TITLE
Senior Vice President - Group Operations & Logistics

Peter Berns

TITLE
Managing Director - Hyperstone
TENURE
8.3 yrs

Zhongming Shi

TITLE
Managing Director - Sicomm

Mark Gunyuzlu

TITLE
Senior Vice President - Americas

Mark McCabe

TITLE
Managing Director of CML Microcircuits
Board of Directors Tenure

Average tenure and age of the CML Microsystems board of directors in years:

5.8
Average Tenure
62
Average Age
  • The tenure for the CML Microsystems board of directors is about average.
Board of Directors

Nigel Clark

TITLE
Group Non-Executive Chairman & Financial Director
COMPENSATION
£70K
AGE
65
TENURE
5.3 yrs

Chris Gurry

TITLE
Group MD & Director
COMPENSATION
£314K
AGE
55
TENURE
20.3 yrs

Hugh Rudden

TITLE
Group Sales & Marketing Director and Director
COMPENSATION
£200K
AGE
59
TENURE
5.8 yrs

Geoff Barnes

TITLE
Non-Executive Director
COMPENSATION
£26K
AGE
74
TENURE
3 yrs

Jim Lindop

TITLE
Non-Executive Director
COMPENSATION
£24K
AGE
62
TENURE
7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess CML Microsystems's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. CML Microsystems has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

92M News

Simply Wall St News

92M Company Info

Description

CML Microsystems Plc, through its subsidiaries, designs, manufactures, and markets a range of semiconductor products for use in communications and data storage industries in Europe, the Far East, the Americas, and internationally. It primarily offers integrated circuits. The company provides its products for industrial flash memory cards, solid state drives, and embedded storage products; and professional and industrial voice and/or data communications products. It sells its products through a network of distributors and representatives. The company serves communications equipment providers and industrial product manufacturers. CML Microsystems Plc was founded in 1968 and is headquartered in Maldon, the United Kingdom.

Details
Name: CML Microsystems plc
92M
Exchange: BST
Founded: 1968
£45,166,638
17,154,185
Website: http://www.cmlmicroplc.com
Address: CML Microsystems plc
Oval Park,
Langford,
Maldon,
Essex, CM9 6WG,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE CML Ordinary Shares London Stock Exchange GB GBP 02. Jan 1992
BST 92M Ordinary Shares Boerse-Stuttgart DE EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
221
CML Microsystems employees.
Industry
Semiconductors
Semiconductors
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 01:06
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/20
Last earnings filing: 2019/11/19
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.