CNC

Concurrent Technologies PLC

Technology First-pass screen £198m

440/1000 Overall fit

AI beneficiary 35% 30

Operating leverage 25% 68

Valuation 25% 30

Downside protection 15% 60

First-pass take

Strong operational momentum (revenue +14%, EBITDA +29%, record order intake £47m) with expanding margins (GM: 49.4%→53.3%) and fortress balance sheet (£14.4m net cash). However, AI exposure limited to supporting defence applications; Systems remains loss-making; customer concentration 13% and defence-sector cyclicality present risks. Valuation data unavailable.

Flags

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