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

FRA:BSP • GB0002634946

Current stock price

26.1 EUR
-0.23 (-0.87%)
Last:

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

5

1. BSP.DE Profitability Analysis

1.1 Basic Checks

  • BSP had positive earnings in the past year.
  • BSP had a positive operating cash flow in the past year.
  • 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

  • BSP's Return On Assets of 5.49% is fine compared to the rest of the industry. BSP outperforms 75.00% of its industry peers.
  • BSP has a better Return On Equity (18.24%) than 64.29% of its industry peers.
  • BSP's Return On Invested Capital of 8.71% is fine compared to the rest of the industry. BSP outperforms 60.71% of its industry peers.
Industry RankSector Rank
ROA 5.49%
ROE 18.24%
ROIC 8.71%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
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 has a better Profit Margin (7.21%) than 64.29% of its industry peers.
  • BSP's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 9.05%, BSP is in line with its industry, outperforming 57.14% of the companies in the same industry.
  • BSP's Operating Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 9.05%
PM (TTM) 7.21%
GM N/A
OM growth 3Y-1.07%
OM growth 5Y0.8%
PM growth 3Y-0.93%
PM growth 5Y1.55%
GM growth 3YN/A
GM growth 5YN/A
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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3

2. BSP.DE Health Analysis

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.
  • There is no outstanding debt for BSP. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
BSP.DE Yearly Shares OutstandingBSP.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 10B 20B 30B

2.2 Solvency

  • BSP has an Altman-Z score of 2.97. 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.
  • Looking at the Altman-Z score, with a value of 2.97, BSP is in the better half of the industry, outperforming 60.71% of the companies in the same industry.
  • 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.
  • With a Debt to FCF ratio value of 4.53, BSP perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
  • A Debt/Equity ratio of 0.79 indicates that 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 66.07% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.79
Debt/FCF 4.53
Altman-Z 2.97
ROIC/WACC0.88
WACC9.94%
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

  • A Current Ratio of 0.96 indicates that BSP may have some problems paying its short term obligations.
  • BSP has a Current ratio of 0.96. This is in the lower half of the industry: BSP underperforms 78.57% 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.
  • The Quick ratio of BSP (0.84) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.96
Quick Ratio 0.84
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 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 Y12.7%
EPS Next 2Y13.23%
EPS Next 3Y12.72%
EPS Next 5Y13.08%
Revenue Next Year7.85%
Revenue Next 2Y8.15%
Revenue Next 3Y8.13%
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.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
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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3

4. BSP.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 30.35, which means the current valuation is very expensive for BSP.
  • Based on the Price/Earnings ratio, BSP is valued a bit cheaper than the industry average as 78.57% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 26.21, BSP is valued at the same level.
  • The Price/Forward Earnings ratio is 26.98, which means the current valuation is very expensive for BSP.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of BSP indicates a somewhat cheap valuation: BSP is cheaper than 69.64% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 23.10. BSP is around the same levels.
Industry RankSector Rank
PE 30.35
Fwd PE 26.98
BSP.DE Price Earnings VS Forward Price EarningsBSP.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

  • BSP's Enterprise Value to EBITDA ratio is in line with the industry average.
  • Based on the Price/Free Cash Flow ratio, BSP is valued a bit cheaper than 66.07% of the companies in the same industry.
Industry RankSector Rank
P/FCF 32.84
EV/EBITDA 20.52
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's earnings are expected to grow with 12.72% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.39
PEG (5Y)3.03
EPS Next 2Y13.23%
EPS Next 3Y12.72%

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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 1.76%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 0.77, BSP pays a better dividend. On top of this BSP pays more dividend than 89.29% of the companies listed in the same industry.
  • BSP's Dividend Yield is comparable with the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 1.76%

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 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

  • BSP pays out 50.43% of its income as dividend. 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.
DP50.43%
EPS Next 2Y13.23%
EPS Next 3Y12.72%
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 (4/7/2026, 7:00:00 PM)

26.1

-0.23 (-0.87%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)02-18
Earnings (Next)07-28
Inst Owners73.57%
Inst Owner ChangeN/A
Ins Owners0.17%
Ins Owner ChangeN/A
Market Cap78.25B
Revenue(TTM)28.34B
Net Income(TTM)1.98B
Analysts74.29
Price Target25.45 (-2.49%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.76%
Yearly Dividend0.36
Dividend Growth(5Y)6.5%
DP50.43%
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)0%
PT rev (3m)5.39%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-1.47%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.29%
Revenue NY rev (3m)1.24%
Valuation
Industry RankSector Rank
PE 30.35
Fwd PE 26.98
P/S 2.49
P/FCF 32.84
P/OCF 21.06
P/B 6.3
P/tB N/A
EV/EBITDA 20.52
EPS(TTM)0.86
EY3.3%
EPS(NY)0.97
Fwd EY3.71%
FCF(TTM)0.79
FCFY3.05%
OCF(TTM)1.24
OCFY4.75%
SpS10.48
BVpS4.14
TBVpS-1.67
PEG (NY)2.39
PEG (5Y)3.03
Graham Number8.95
Profitability
Industry RankSector Rank
ROA 5.49%
ROE 18.24%
ROCE 10.18%
ROIC 8.71%
ROICexc 9.68%
ROICexgc 31.55%
OM 9.05%
PM (TTM) 7.21%
GM N/A
FCFM 7.59%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-1.07%
OM growth 5Y0.8%
PM growth 3Y-0.93%
PM growth 5Y1.55%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.76
Health
Industry RankSector 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 2.97
F-Score8
WACC9.94%
ROIC/WACC0.88
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 Y12.7%
EPS Next 2Y13.23%
EPS Next 3Y12.72%
EPS Next 5Y13.08%
Revenue 1Y (TTM)7.69%
Revenue growth 3Y10.05%
Revenue growth 5Y8.01%
Sales Q2Q%7.4%
Revenue Next Year7.85%
Revenue Next 2Y8.15%
Revenue Next 3Y8.13%
Revenue Next 5Y7.08%
EBIT growth 1Y4.73%
EBIT growth 3Y8.88%
EBIT growth 5Y8.88%
EBIT Next Year39.99%
EBIT Next 3Y17.62%
EBIT Next 5Y15.18%
FCF growth 1Y4.26%
FCF growth 3Y2.77%
FCF growth 5Y27.58%
OCF growth 1Y6.89%
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 5 / 10 to BSP.DE.


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

ChartMill assigns a valuation rating of 4 / 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 5 / 10.


How financially healthy is BAE SYSTEMS PLC?

The financial health rating of BAE SYSTEMS PLC (BSP.DE) is 3 / 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 50.43%.