BAE SYSTEMS PLC (BSP.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:BSP - GB0002634946 - Common Stock
18.875 EUR
-0.52 (-2.71%)
We assign a fundamental rating of 5 out of 10 to BSP. BSP was compared to 48 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 has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year BSP was profitable.
In the past year BSP had a positive cash flow from operations.
In the past 5 years BSP has always been profitable.
In the past 5 years BSP always reported a positive cash flow from operatings.
1.2 Ratios
BSP has a better Return On Assets (5.49%) than 72.92% of its industry peers.
With a decent Return On Equity value of 18.24%, BSP is doing good in the industry, outperforming 70.83% of the companies in the same industry.
BSP has a Return On Invested Capital (8.70%) which is in line with its industry peers.
The Average Return On Invested Capital over the past 3 years for BSP is in line with the industry average of 9.29%.
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 has a better Profit Margin (7.21%) than 62.50% of its industry peers.
In the last couple of years the Profit Margin of BSP has declined.
Looking at the Operating Margin, with a value of 9.05%, BSP is in line with its industry, outperforming 54.17% of the companies in the same industry.
BSP's Operating Margin has been stable in the last couple of years.
BSP has a better Gross Margin (62.97%) than 87.50% 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BSP is destroying value.
BSP has less shares outstanding than it did 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
An Altman-Z score of 2.53 indicates that BSP is not a great score, but indicates only limited risk for bankruptcy at the moment.
BSP has a Altman-Z score of 2.53. This is comparable to the rest of the industry: BSP outperforms 54.17% 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.
With a decent Debt to FCF ratio value of 4.53, BSP is doing good in the industry, outperforming 68.75% of the companies in the same industry.
A Debt/Equity ratio of 0.79 indicates that BSP is somewhat dependend on debt financing.
The Debt to Equity ratio of BSP (0.79) is worse than 64.58% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 4.53 | ||
| Altman-Z | 2.53 |
ROIC/WACC0.96
WACC9.03%
2.3 Liquidity
A Current Ratio of 0.96 indicates that BSP may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.96, BSP is doing worse than 81.25% of the companies in the same industry.
A Quick Ratio of 0.84 indicates that BSP may have some problems paying its short term obligations.
BSP has a Quick ratio of 0.84. This is in the better half of the industry: BSP outperforms 60.42% 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%.
Measured over the past years, BSP shows a small growth in Revenue. The Revenue has been growing by 7.53% on average per year.
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.
Based on estimates for the next years, BSP will show a small growth in Revenue. The Revenue will grow by 6.52% on average per year.
EPS Next Y12.38%
EPS Next 2Y12.55%
EPS Next 3Y12.13%
EPS Next 5Y13.77%
Revenue Next Year8.53%
Revenue Next 2Y7.77%
Revenue Next 3Y7.46%
Revenue Next 5Y6.52%
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
A Price/Earnings ratio of 23.30 indicates a rather expensive valuation of BSP.
Based on the Price/Earnings ratio, BSP is valued cheaper than 83.33% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 25.98. BSP is around the same levels.
A Price/Forward Earnings ratio of 19.37 indicates a rather expensive valuation of BSP.
81.25% of the companies in the same industry are more expensive than BSP, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.79, BSP is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.3 | ||
| Fwd PE | 19.37 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BSP is valued a bit cheaper than the industry average as 77.08% of the companies are valued more expensively.
70.83% of the companies in the same industry are more expensive than BSP, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.96 | ||
| EV/EBITDA | 15.46 |
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.
BSP's earnings are expected to grow with 12.13% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.88
PEG (5Y)2.88
EPS Next 2Y12.55%
EPS Next 3Y12.13%
5. Dividend
5.1 Amount
BSP has a Yearly Dividend Yield of 1.94%.
Compared to an average industry Dividend Yield of 1.19, BSP pays a better dividend. On top of this BSP pays more dividend than 95.83% of the companies listed in the same industry.
BSP's Dividend Yield is comparable with the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.94% |
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
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 2Y12.55%
EPS Next 3Y12.13%
FRA:BSP (11/24/2025, 7:00:00 PM)
18.875
-0.52 (-2.71%)
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 Cap56.68B
Revenue(TTM)27.41B
Net Income(TTM)1.98B
Analysts79.23
Price Target24.08 (27.58%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.94% |
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)-1.95%
PT rev (3m)-2.12%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.13%
EPS NY rev (3m)-0.85%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.08%
Revenue NY rev (3m)0.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.3 | ||
| Fwd PE | 19.37 | ||
| P/S | 1.82 | ||
| P/FCF | 23.96 | ||
| P/OCF | 15.36 | ||
| P/B | 4.6 | ||
| P/tB | N/A | ||
| EV/EBITDA | 15.46 |
EPS(TTM)0.81
EY4.29%
EPS(NY)0.97
Fwd EY5.16%
FCF(TTM)0.79
FCFY4.17%
OCF(TTM)1.23
OCFY6.51%
SpS10.39
BVpS4.11
TBVpS-1.65
PEG (NY)1.88
PEG (5Y)2.88
Graham Number8.65
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 | 2.53 |
F-Score8
WACC9.03%
ROIC/WACC0.96
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 5Y13.77%
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 5Y6.52%
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 23.3 and the Price/Book (PB) ratio is 4.6.
Can you provide the financial health for BSP stock?
The financial health rating of BAE SYSTEMS PLC (BSP.DE) is 3 / 10.