BAE SYSTEMS PLC (BSP.DE) Fundamental Analysis & Valuation

FRA:BSP • GB0002634946

Current stock price

24.4 EUR
-0.25 (-1.01%)
Last:

This BSP.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. BSP.DE Profitability Analysis

1.1 Basic Checks

  • In the past year BSP was profitable.
  • In the past year BSP had a positive cash flow from operations.
  • Each year in the past 5 years BSP has been profitable.
  • Each year in the past 5 years BSP had a positive operating cash flow.
BSP.DE Yearly Net Income VS EBIT VS OCF VS FCFBSP.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

1.2 Ratios

  • With a decent Return On Assets value of 5.47%, BSP is doing good in the industry, outperforming 71.43% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 17.50%, BSP is in the better half of the industry, outperforming 60.71% of the companies in the same industry.
  • BSP has a Return On Invested Capital (9.21%) which is comparable to the rest of the industry.
  • BSP had an Average Return On Invested Capital over the past 3 years of 8.87%. This is in line with the industry average of 10.01%.
  • The last Return On Invested Capital (9.21%) for BSP is above the 3 year average (8.87%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 5.47%
ROE 17.5%
ROIC 9.21%
ROA(3y)5.46%
ROA(5y)5.59%
ROE(3y)17.31%
ROE(5y)17.95%
ROIC(3y)8.87%
ROIC(5y)8.75%
BSP.DE Yearly ROA, ROE, ROICBSP.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

1.3 Margins

  • BSP's Profit Margin of 7.28% is in line compared to the rest of the industry. BSP outperforms 57.14% of its industry peers.
  • BSP's Profit Margin has improved in the last couple of years.
  • The Operating Margin of BSP (9.64%) is comparable to the rest of the industry.
  • BSP's Operating Margin has been stable in the last couple of years.
  • BSP has a better Gross Margin (65.29%) than 91.07% 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 RankSector Rank
OM 9.64%
PM (TTM) 7.28%
GM 65.29%
OM growth 3Y-1.53%
OM growth 5Y0.52%
PM growth 3Y-0.93%
PM growth 5Y1.55%
GM growth 3Y-0.74%
GM growth 5Y0.11%
BSP.DE Yearly Profit, Operating, Gross MarginsBSP.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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4

2. BSP.DE Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BSP is destroying value.
  • The number of shares outstanding for BSP has been reduced compared to 1 year ago.
  • Compared to 5 years ago, BSP has less shares outstanding
  • BSP has a better debt/assets ratio than last year.
BSP.DE Yearly Shares OutstandingBSP.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B
BSP.DE Yearly Total Debt VS Total AssetsBSP.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.2 Solvency

  • BSP has an Altman-Z score of 2.85. 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 has a Altman-Z score (2.85) which is comparable to the rest of the industry.
  • BSP has a debt to FCF ratio of 3.89. This is a good value and a sign of high solvency as BSP would need 3.89 years to pay back of all of its debts.
  • BSP's Debt to FCF ratio of 3.89 is fine compared to the rest of the industry. BSP outperforms 64.29% of its industry peers.
  • A Debt/Equity ratio of 0.74 indicates that BSP is somewhat dependend on debt financing.
  • BSP has a Debt to Equity ratio of 0.74. This is in the lower half of the industry: BSP underperforms 67.86% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.74
Debt/FCF 3.89
Altman-Z 2.85
ROIC/WACC0.98
WACC9.41%
BSP.DE Yearly LT Debt VS Equity VS FCFBSP.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

2.3 Liquidity

  • BSP has a Current Ratio of 0.99. 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 (0.99) than 78.57% of its industry peers.
  • A Quick Ratio of 0.87 indicates that BSP may have some problems paying its short term obligations.
  • BSP has a Quick ratio of 0.87. This is comparable to the rest of the industry: BSP outperforms 48.21% of its industry peers.
Industry RankSector Rank
Current Ratio 0.99
Quick Ratio 0.87
BSP.DE Yearly Current Assets VS Current LiabilitesBSP.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. BSP.DE Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 10.80% over the past year.
  • The Earnings Per Share has been growing by 10.00% on average over the past years. This is quite good.
  • Looking at the last year, BSP shows a small growth in Revenue. The Revenue has grown by 7.69% in the last year.
  • BSP shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.01% yearly.
EPS 1Y (TTM)10.8%
EPS 3Y10.51%
EPS 5Y10%
EPS Q2Q%10.66%
Revenue 1Y (TTM)7.69%
Revenue growth 3Y10.05%
Revenue growth 5Y8.01%
Sales Q2Q%7.4%

3.2 Future

  • The Earnings Per Share is expected to grow by 13.08% on average over the next years. This is quite good.
  • BSP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.08% yearly.
EPS Next Y13.22%
EPS Next 2Y13.77%
EPS Next 3Y13.05%
EPS Next 5Y13.08%
Revenue Next Year7.95%
Revenue Next 2Y8.23%
Revenue Next 3Y8.26%
Revenue Next 5Y7.08%

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.
BSP.DE Yearly Revenue VS EstimatesBSP.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 10B 20B 30B 40B
BSP.DE Yearly EPS VS EstimatesBSP.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0.2 0.4 0.6 0.8 1

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5

4. BSP.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 28.37, the valuation of BSP can be described as expensive.
  • BSP's Price/Earnings ratio is a bit cheaper when compared to the industry. BSP is cheaper than 78.57% of the companies in the same industry.
  • BSP is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.50, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 25.00, the valuation of BSP can be described as expensive.
  • BSP's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. BSP is cheaper than 66.07% of the companies in the same industry.
  • BSP's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.62.
Industry RankSector Rank
PE 28.37
Fwd PE 25
BSP.DE Price Earnings VS Forward Price EarningsBSP.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150 200

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, BSP is valued a bit cheaper than 62.50% of the companies in the same industry.
  • BSP's Price/Free Cash Flow ratio is rather cheap when compared to the industry. BSP is cheaper than 80.36% of the companies in the same industry.
Industry RankSector Rank
P/FCF 27.36
EV/EBITDA 17.19
BSP.DE Per share dataBSP.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8 10

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.
  • BSP has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as BSP's earnings are expected to grow with 13.05% in the coming years.
PEG (NY)2.15
PEG (5Y)2.84
EPS Next 2Y13.77%
EPS Next 3Y13.05%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. BSP.DE Dividend Analysis

5.1 Amount

  • BSP has a Yearly Dividend Yield of 1.64%.
  • Compared to an average industry Dividend Yield of 0.73, BSP pays a better dividend. On top of this BSP pays more dividend than 89.29% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.81, BSP has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.64%

5.2 History

  • On average, the dividend of BSP grows each year by 8.02%, which is quite nice.
Dividend Growth(5Y)8.02%
Div Incr Years4
Div Non Decr Years4
BSP.DE Yearly Dividends per shareBSP.DE Yearly Dividends per shareYearly Dividends per share 2018 2020 2021 2022 2023 2024 2025 2026 0.1 0.2 0.3

5.3 Sustainability

  • 49.81% of the earnings are spent on dividend by BSP. This is a bit on the high side, but may be sustainable.
  • BSP's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP49.81%
EPS Next 2Y13.77%
EPS Next 3Y13.05%
BSP.DE Yearly Income VS Free CF VS DividendBSP.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B
BSP.DE Dividend Payout.BSP.DE Dividend Payout, showing the Payout Ratio.BSP.DE Dividend Payout.PayoutRetained Earnings

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BSP.DE Fundamentals: All Metrics, Ratios and Statistics

BAE SYSTEMS PLC

FRA:BSP (4/22/2026, 7:00:00 PM)

24.4

-0.25 (-1.01%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)02-18
Earnings (Next)07-30
Inst Owners72.64%
Inst Owner ChangeN/A
Ins Owners0.17%
Ins Owner ChangeN/A
Market Cap73.33B
Revenue(TTM)28.34B
Net Income(TTM)2.06B
Analysts74.29
Price Target26.81 (9.88%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.64%
Yearly Dividend0.39
Dividend Growth(5Y)8.02%
DP49.81%
Div Incr Years4
Div Non Decr Years4
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)5.34%
PT rev (3m)8.57%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.46%
EPS NY rev (3m)-0.9%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.2%
Revenue NY rev (3m)1.33%
Valuation
Industry RankSector Rank
PE 28.37
Fwd PE 25
P/S 2.25
P/FCF 27.36
P/OCF 18.57
P/B 5.41
P/tB N/A
EV/EBITDA 17.19
EPS(TTM)0.86
EY3.52%
EPS(NY)0.98
Fwd EY4%
FCF(TTM)0.89
FCFY3.65%
OCF(TTM)1.31
OCFY5.39%
SpS10.85
BVpS4.51
TBVpS-1.33
PEG (NY)2.15
PEG (5Y)2.84
Graham Number9.34408 (-61.7%)
Profitability
Industry RankSector Rank
ROA 5.47%
ROE 17.5%
ROCE 10.76%
ROIC 9.21%
ROICexc 10.74%
ROICexgc 35.9%
OM 9.64%
PM (TTM) 7.28%
GM 65.29%
FCFM 8.22%
ROA(3y)5.46%
ROA(5y)5.59%
ROE(3y)17.31%
ROE(5y)17.95%
ROIC(3y)8.87%
ROIC(5y)8.75%
ROICexc(3y)10.6%
ROICexc(5y)10.46%
ROICexgc(3y)37.48%
ROICexgc(5y)37.91%
ROCE(3y)10.36%
ROCE(5y)10.23%
ROICexgc growth 3Y3.14%
ROICexgc growth 5Y-3.85%
ROICexc growth 3Y2.22%
ROICexc growth 5Y1.18%
OM growth 3Y-1.53%
OM growth 5Y0.52%
PM growth 3Y-0.93%
PM growth 5Y1.55%
GM growth 3Y-0.74%
GM growth 5Y0.11%
F-Score8
Asset Turnover0.75
Health
Industry RankSector Rank
Debt/Equity 0.74
Debt/FCF 3.89
Debt/EBITDA 2.23
Cap/Depr 94.03%
Cap/Sales 3.89%
Interest Coverage 5.33
Cash Conversion 87.91%
Profit Quality 112.95%
Current Ratio 0.99
Quick Ratio 0.87
Altman-Z 2.85
F-Score8
WACC9.41%
ROIC/WACC0.98
Cap/Depr(3y)107.22%
Cap/Depr(5y)95.23%
Cap/Sales(3y)4.15%
Cap/Sales(5y)3.62%
Profit Quality(3y)135.03%
Profit Quality(5y)130.58%
High Growth Momentum
Growth
EPS 1Y (TTM)10.8%
EPS 3Y10.51%
EPS 5Y10%
EPS Q2Q%10.66%
EPS Next Y13.22%
EPS Next 2Y13.77%
EPS Next 3Y13.05%
EPS Next 5Y13.08%
Revenue 1Y (TTM)7.69%
Revenue growth 3Y10.05%
Revenue growth 5Y8.01%
Sales Q2Q%7.4%
Revenue Next Year7.95%
Revenue Next 2Y8.23%
Revenue Next 3Y8.26%
Revenue Next 5Y7.08%
EBIT growth 1Y10.48%
EBIT growth 3Y8.37%
EBIT growth 5Y8.57%
EBIT Next Year41.57%
EBIT Next 3Y18.56%
EBIT Next 5Y15.18%
FCF growth 1Y-15.68%
FCF growth 3Y2.77%
FCF growth 5Y27.58%
OCF growth 1Y-12.56%
OCF growth 3Y6.53%
OCF growth 5Y24.1%

BAE SYSTEMS PLC / BSP.DE Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for BAE SYSTEMS PLC?

ChartMill assigns a fundamental rating of 6 / 10 to BSP.DE.


What is the valuation status of BAE SYSTEMS PLC (BSP.DE) stock?

ChartMill assigns a valuation rating of 5 / 10 to BAE SYSTEMS PLC (BSP.DE). This can be considered as Fairly Valued.


Can you provide the profitability details for BAE SYSTEMS PLC?

BAE SYSTEMS PLC (BSP.DE) has a profitability rating of 7 / 10.


How financially healthy is BAE SYSTEMS PLC?

The financial health rating of BAE SYSTEMS PLC (BSP.DE) is 4 / 10.


Is the dividend of BAE SYSTEMS PLC sustainable?

The dividend rating of BAE SYSTEMS PLC (BSP.DE) is 6 / 10 and the dividend payout ratio is 49.81%.