BAE SYSTEMS PLC (BSP.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:BSP - GB0002634946 - Common Stock
19.77 EUR
+0.27 (+1.38%)
We assign a fundamental rating of 5 out of 10 to BSP. BSP was compared to 49 industry peers in the Aerospace & Defense industry. While BSP is still in line with the averages on profitability rating, there are concerns on its financial health. BSP is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year BSP was profitable.
BSP had a positive operating cash flow in the past year.
Each year in the past 5 years BSP has been profitable.
In the past 5 years BSP always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.49%, BSP is in the better half of the industry, outperforming 73.47% of the companies in the same industry.
The Return On Equity of BSP (18.24%) is better than 69.39% of its industry peers.
Looking at the Return On Invested Capital, with a value of 8.70%, BSP is in line with its industry, outperforming 57.14% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for BSP is in line with the industry average of 9.30%.
The 3 year average ROIC (8.62%) for BSP is below the current ROIC(8.70%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.49% | ||
| ROE | 18.24% | ||
| ROIC | 8.7% |
ROA(3y)5.33%
ROA(5y)5.43%
ROE(3y)16.2%
ROE(5y)20.05%
ROIC(3y)8.62%
ROIC(5y)8.6%
1.3 Margins
With a decent Profit Margin value of 7.21%, BSP is doing good in the industry, outperforming 63.27% of the companies in the same industry.
In the last couple of years the Profit Margin of BSP has declined.
BSP's Operating Margin of 9.05% is in line compared to the rest of the industry. BSP outperforms 57.14% of its industry peers.
BSP's Operating Margin has been stable in the last couple of years.
BSP has a better Gross Margin (62.97%) than 89.80% of its industry peers.
In the last couple of years the Gross Margin of BSP has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.05% | ||
| PM (TTM) | 7.21% | ||
| GM | 62.97% |
OM growth 3Y-1.32%
OM growth 5Y-0.72%
PM growth 3Y-6.19%
PM growth 5Y-1.61%
GM growth 3Y0.6%
GM growth 5Y0.2%
2. Health
2.1 Basic Checks
BSP has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, BSP has less shares outstanding
Compared to 5 years ago, BSP has less shares outstanding
Compared to 1 year ago, BSP has a worse debt to assets ratio.
2.2 Solvency
BSP has an Altman-Z score of 2.58. This is not the best score and indicates that BSP is in the grey zone with still only limited risk for bankruptcy at the moment.
BSP's Altman-Z score of 2.58 is in line compared to the rest of the industry. BSP outperforms 53.06% of its industry peers.
The Debt to FCF ratio of BSP is 4.53, which is a neutral value as it means it would take BSP, 4.53 years of fcf income to pay off all of its debts.
BSP has a better Debt to FCF ratio (4.53) than 71.43% of its industry peers.
BSP has a Debt/Equity ratio of 0.79. This is a neutral value indicating BSP is somewhat dependend on debt financing.
BSP's Debt to Equity ratio of 0.79 is on the low side compared to the rest of the industry. BSP is outperformed by 65.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 4.53 | ||
| Altman-Z | 2.58 |
ROIC/WACC0.92
WACC9.48%
2.3 Liquidity
BSP has a Current Ratio of 0.96. This is a bad value and indicates that BSP is not financially healthy enough and could expect problems in meeting its short term obligations.
BSP has a worse Current ratio (0.96) than 85.71% of its industry peers.
BSP has a Quick Ratio of 0.96. This is a bad value and indicates that BSP is not financially healthy enough and could expect problems in meeting its short term obligations.
BSP's Quick ratio of 0.84 is in line compared to the rest of the industry. BSP outperforms 55.10% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.84 |
3. Growth
3.1 Past
BSP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.76%, which is quite good.
BSP shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.10% yearly.
BSP shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.60%.
The Revenue has been growing slightly by 7.53% on average over the past years.
EPS 1Y (TTM)10.76%
EPS 3Y12.56%
EPS 5Y8.1%
EPS Q2Q%10.97%
Revenue 1Y (TTM)11.6%
Revenue growth 3Y10.46%
Revenue growth 5Y7.53%
Sales Q2Q%9.12%
3.2 Future
The Earnings Per Share is expected to grow by 13.77% on average over the next years. This is quite good.
The Revenue is expected to grow by 6.52% on average over the next years.
EPS Next Y13.54%
EPS Next 2Y12.81%
EPS Next 3Y12.27%
EPS Next 5Y13.77%
Revenue Next Year8.68%
Revenue Next 2Y7.88%
Revenue Next 3Y7.6%
Revenue Next 5Y6.52%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 24.41, which indicates a rather expensive current valuation of BSP.
Based on the Price/Earnings ratio, BSP is valued cheaply inside the industry as 87.76% of the companies are valued more expensively.
BSP's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.29.
Based on the Price/Forward Earnings ratio of 20.07, the valuation of BSP can be described as rather expensive.
Based on the Price/Forward Earnings ratio, BSP is valued cheaply inside the industry as 81.63% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of BSP to the average of the S&P500 Index (23.51), we can say BSP is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.41 | ||
| Fwd PE | 20.07 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BSP indicates a somewhat cheap valuation: BSP is cheaper than 75.51% of the companies listed in the same industry.
BSP's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. BSP is cheaper than 77.55% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.94 | ||
| EV/EBITDA | 16.02 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BSP does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of BSP may justify a higher PE ratio.
BSP's earnings are expected to grow with 12.27% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.8
PEG (5Y)3.01
EPS Next 2Y12.81%
EPS Next 3Y12.27%
5. Dividend
5.1 Amount
BSP has a Yearly Dividend Yield of 2.02%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 1.18, BSP pays a better dividend. On top of this BSP pays more dividend than 95.92% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.31, BSP has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.02% |
5.2 History
The dividend of BSP is nicely growing with an annual growth rate of 6.50%!
Dividend Growth(5Y)6.5%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
50.43% of the earnings are spent on dividend by BSP. This is a bit on the high side, but may be sustainable.
The dividend of BSP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP50.43%
EPS Next 2Y12.81%
EPS Next 3Y12.27%
FRA:BSP (12/9/2025, 7:00:00 PM)
19.77
+0.27 (+1.38%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners78.41%
Inst Owner ChangeN/A
Ins Owners0.19%
Ins Owner ChangeN/A
Market Cap59.35B
Revenue(TTM)27.41B
Net Income(TTM)1.98B
Analysts77.78
Price Target24.03 (21.55%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.02% |
Yearly Dividend0.36
Dividend Growth(5Y)6.5%
DP50.43%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-1.16%
PT rev (3m)-2.28%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)1.04%
EPS NY rev (3m)0.17%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.14%
Revenue NY rev (3m)0.18%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.41 | ||
| Fwd PE | 20.07 | ||
| P/S | 1.89 | ||
| P/FCF | 24.94 | ||
| P/OCF | 15.99 | ||
| P/B | 4.78 | ||
| P/tB | N/A | ||
| EV/EBITDA | 16.02 |
EPS(TTM)0.81
EY4.1%
EPS(NY)0.98
Fwd EY4.98%
FCF(TTM)0.79
FCFY4.01%
OCF(TTM)1.24
OCFY6.25%
SpS10.45
BVpS4.13
TBVpS-1.66
PEG (NY)1.8
PEG (5Y)3.01
Graham Number8.68
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.49% | ||
| ROE | 18.24% | ||
| ROCE | 10.18% | ||
| ROIC | 8.7% | ||
| ROICexc | 9.67% | ||
| ROICexgc | 31.51% | ||
| OM | 9.05% | ||
| PM (TTM) | 7.21% | ||
| GM | 62.97% | ||
| FCFM | 7.59% |
ROA(3y)5.33%
ROA(5y)5.43%
ROE(3y)16.2%
ROE(5y)20.05%
ROIC(3y)8.62%
ROIC(5y)8.6%
ROICexc(3y)10.37%
ROICexc(5y)10.33%
ROICexgc(3y)36.39%
ROICexgc(5y)39.39%
ROCE(3y)10.09%
ROCE(5y)10.07%
ROICexgc growth 3Y-7.69%
ROICexgc growth 5Y-4.95%
ROICexc growth 3Y-3.67%
ROICexc growth 5Y-3.08%
OM growth 3Y-1.32%
OM growth 5Y-0.72%
PM growth 3Y-6.19%
PM growth 5Y-1.61%
GM growth 3Y0.6%
GM growth 5Y0.2%
F-Score8
Asset Turnover0.76
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 4.53 | ||
| Debt/EBITDA | 2.36 | ||
| Cap/Depr | 99.06% | ||
| Cap/Sales | 4.24% | ||
| Interest Coverage | 4.22 | ||
| Cash Conversion | 88.72% | ||
| Profit Quality | 105.16% | ||
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.84 | ||
| Altman-Z | 2.58 |
F-Score8
WACC9.48%
ROIC/WACC0.92
Cap/Depr(3y)105.99%
Cap/Depr(5y)90.56%
Cap/Sales(3y)3.94%
Cap/Sales(5y)3.33%
Profit Quality(3y)142.34%
Profit Quality(5y)118.6%
High Growth Momentum
Growth
EPS 1Y (TTM)10.76%
EPS 3Y12.56%
EPS 5Y8.1%
EPS Q2Q%10.97%
EPS Next Y13.54%
EPS Next 2Y12.81%
EPS Next 3Y12.27%
EPS Next 5Y13.77%
Revenue 1Y (TTM)11.6%
Revenue growth 3Y10.46%
Revenue growth 5Y7.53%
Sales Q2Q%9.12%
Revenue Next Year8.68%
Revenue Next 2Y7.88%
Revenue Next 3Y7.6%
Revenue Next 5Y6.52%
EBIT growth 1Y4.73%
EBIT growth 3Y9.01%
EBIT growth 5Y6.75%
EBIT Next Year42.03%
EBIT Next 3Y18.27%
EBIT Next 5Y16.15%
FCF growth 1Y-29.76%
FCF growth 3Y11.64%
FCF growth 5Y19.64%
OCF growth 1Y-15.35%
OCF growth 3Y17.06%
OCF growth 5Y19.7%
BAE SYSTEMS PLC / BSP.DE FAQ
Can you provide the ChartMill fundamental rating for BAE SYSTEMS PLC?
ChartMill assigns a fundamental rating of 5 / 10 to BSP.DE.
What is the valuation status for BSP stock?
ChartMill assigns a valuation rating of 5 / 10 to BAE SYSTEMS PLC (BSP.DE). This can be considered as Fairly Valued.
How profitable is BAE SYSTEMS PLC (BSP.DE) stock?
BAE SYSTEMS PLC (BSP.DE) has a profitability rating of 6 / 10.
What are the PE and PB ratios of BAE SYSTEMS PLC (BSP.DE) stock?
The Price/Earnings (PE) ratio for BAE SYSTEMS PLC (BSP.DE) is 24.41 and the Price/Book (PB) ratio is 4.78.
Can you provide the financial health for BSP stock?
The financial health rating of BAE SYSTEMS PLC (BSP.DE) is 3 / 10.