BAE SYSTEMS PLC (BSP.DE) Stock Fundamental Analysis
Europe - FRA:BSP - GB0002634946 - Common Stock
19.4 EUR
-1.1 (-5.37%)
BSP gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 44 industry peers in the Aerospace & Defense industry. There are concerns on the financial health of BSP while its profitability can be described as average. BSP has a correct valuation and a medium 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.
BSP had positive earnings in each of the past 5 years.
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 72.73% of the companies in the same industry.
Looking at the Return On Equity, with a value of 18.24%, BSP is in the better half of the industry, outperforming 70.45% of the companies in the same industry.
BSP has a Return On Invested Capital (8.70%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for BSP is in line with the industry average of 9.16%.
The last Return On Invested Capital (8.70%) for BSP is above the 3 year average (8.62%), which is a sign of increasing profitability.
| 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
BSP's Profit Margin of 7.21% is fine compared to the rest of the industry. BSP outperforms 63.64% of its industry peers.
BSP's Profit Margin has declined 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 56.82% of the companies in the same industry.
In the last couple of years the Operating Margin of BSP has remained more or less at the same level.
Looking at the Gross Margin, with a value of 62.97%, BSP belongs to the top of the industry, outperforming 86.36% of the companies in the same industry.
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BSP is destroying value.
The number of shares outstanding for BSP has been reduced compared to 1 year ago.
The number of shares outstanding for BSP has been reduced compared to 5 years ago.
Compared to 1 year ago, BSP has a worse debt to assets ratio.
2.2 Solvency
BSP has an Altman-Z score of 2.57. 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.
With a Altman-Z score value of 2.57, BSP perfoms like the industry average, outperforming 54.55% of the companies in the same industry.
BSP has a debt to FCF ratio of 4.53. This is a neutral value as BSP would need 4.53 years to pay back of all of its debts.
The Debt to FCF ratio of BSP (4.53) is better than 65.91% of its industry peers.
A Debt/Equity ratio of 0.79 indicates that BSP is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.79, BSP is doing worse than 65.91% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 4.53 | ||
| Altman-Z | 2.57 |
ROIC/WACC0.94
WACC9.25%
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 amonst the worse of the industry: BSP underperforms 84.09% of its industry peers.
A Quick Ratio of 0.84 indicates that BSP may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.84, BSP is in line with its industry, outperforming 56.82% of the companies in the same industry.
| 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 13.78% on average over the next years. This is quite good.
The Revenue is expected to grow by 6.64% on average over the next years.
EPS Next Y12.38%
EPS Next 2Y12.55%
EPS Next 3Y12.13%
EPS Next 5Y13.78%
Revenue Next Year8.53%
Revenue Next 2Y7.77%
Revenue Next 3Y7.46%
Revenue Next 5Y6.64%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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 24.25, which indicates a rather expensive current valuation of BSP.
86.36% of the companies in the same industry are more expensive than BSP, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 25.47. BSP is around the same levels.
BSP is valuated rather expensively with a Price/Forward Earnings ratio of 20.00.
BSP's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. BSP is cheaper than 79.55% of the companies in the same industry.
BSP's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 35.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.25 | ||
| Fwd PE | 20 |
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 75.00% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BSP indicates a somewhat cheap valuation: BSP is cheaper than 72.73% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.75 | ||
| EV/EBITDA | 15.91 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of BSP may justify a higher PE ratio.
A more expensive valuation may be justified as BSP's earnings are expected to grow with 12.13% in the coming years.
PEG (NY)1.96
PEG (5Y)2.99
EPS Next 2Y12.55%
EPS Next 3Y12.13%
5. Dividend
5.1 Amount
BSP has a Yearly Dividend Yield of 1.89%.
BSP's Dividend Yield is rather good when compared to the industry average which is at 1.19. BSP pays more dividend than 95.45% of the companies in the same industry.
Compared to the average S&P500 Dividend Yield of 2.44, BSP is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.89% |
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 2Y12.55%
EPS Next 3Y12.13%
FRA:BSP (11/19/2025, 7:00:00 PM)
19.4
-1.1 (-5.37%)
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 Cap58.29B
Revenue(TTM)27.41B
Net Income(TTM)1.98B
Analysts79.23
Price Target24.09 (24.18%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.89% |
Yearly Dividend0.35
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)-1.9%
PT rev (3m)-0.11%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.13%
EPS NY rev (3m)-1.26%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.08%
Revenue NY rev (3m)0.47%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.25 | ||
| Fwd PE | 20 | ||
| P/S | 1.88 | ||
| P/FCF | 24.75 | ||
| P/OCF | 15.87 | ||
| P/B | 4.75 | ||
| P/tB | N/A | ||
| EV/EBITDA | 15.91 |
EPS(TTM)0.8
EY4.12%
EPS(NY)0.97
Fwd EY5%
FCF(TTM)0.78
FCFY4.04%
OCF(TTM)1.22
OCFY6.3%
SpS10.33
BVpS4.09
TBVpS-1.64
PEG (NY)1.96
PEG (5Y)2.99
Graham Number8.58
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 | 2.57 |
F-Score8
WACC9.25%
ROIC/WACC0.94
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 Y12.38%
EPS Next 2Y12.55%
EPS Next 3Y12.13%
EPS Next 5Y13.78%
Revenue 1Y (TTM)11.6%
Revenue growth 3Y10.46%
Revenue growth 5Y7.53%
Sales Q2Q%9.12%
Revenue Next Year8.53%
Revenue Next 2Y7.77%
Revenue Next 3Y7.46%
Revenue Next 5Y6.64%
EBIT growth 1Y4.73%
EBIT growth 3Y9.01%
EBIT growth 5Y6.75%
EBIT Next Year42.03%
EBIT Next 3Y18.4%
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 24.25 and the Price/Book (PB) ratio is 4.75.
Can you provide the financial health for BSP stock?
The financial health rating of BAE SYSTEMS PLC (BSP.DE) is 3 / 10.