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

FRA:BSP • GB0002634946

Current stock price

23.31 EUR
-0.81 (-3.36%)
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.
  • BSP had positive earnings in each of the past 5 years.
  • 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

  • Looking at the Return On Assets, with a value of 5.47%, BSP is in the better half of the industry, outperforming 70.18% of the companies in the same industry.
  • The Return On Equity of BSP (17.50%) is better than 61.40% of its industry peers.
  • BSP's Return On Invested Capital of 9.21% is in line compared to the rest of the industry. BSP outperforms 57.89% of its industry peers.
  • 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 9.92%.
  • 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

  • The Profit Margin of BSP (7.28%) is comparable to the rest of the industry.
  • BSP's Profit Margin has improved in the last couple of years.
  • BSP has a Operating Margin (9.64%) which is in line with its industry peers.
  • BSP's Operating Margin has been stable in the last couple of years.
  • The Gross Margin of BSP (65.29%) is better than 91.23% 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

  • 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
  • BSP has less shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, BSP has an improved debt to assets ratio.
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 2.78. 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 (2.78) which is in line with its industry peers.
  • 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 has a better Debt to FCF ratio (3.89) than 64.91% of its industry peers.
  • BSP has a Debt/Equity ratio of 0.74. This is a neutral value indicating BSP is somewhat dependend on debt financing.
  • BSP has a worse Debt to Equity ratio (0.74) than 68.42% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.74
Debt/FCF 3.89
Altman-Z 2.78
ROIC/WACC0.98
WACC9.4%
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.
  • Looking at the Current ratio, with a value of 0.99, BSP is doing worse than 78.95% of the companies in the same industry.
  • BSP has a Quick 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 Quick ratio (0.87) which is comparable to the rest of the industry.
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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5

3. BSP.DE Growth Analysis

3.1 Past

  • BSP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.80%, which is quite good.
  • Measured over the past years, BSP shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.00% on average per year.
  • Looking at the last year, BSP shows a small growth in Revenue. The Revenue has grown by 7.69% in the last year.
  • The Revenue has been growing by 8.01% on average over the past years. This is quite good.
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 13.15% 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 5.56% on average per year.
EPS Next Y13.22%
EPS Next 2Y13.77%
EPS Next 3Y13.05%
EPS Next 5Y13.15%
Revenue Next Year7.95%
Revenue Next 2Y8.23%
Revenue Next 3Y8.26%
Revenue Next 5Y5.56%

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 decreasing.
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

  • With a Price/Earnings ratio of 27.10, BSP can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Earnings ratio of BSP indicates a somewhat cheap valuation: BSP is cheaper than 77.19% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of BSP to the average of the S&P500 Index (27.42), we can say BSP is valued inline with the index average.
  • Based on the Price/Forward Earnings ratio of 23.86, the valuation of BSP can be described as rather expensive.
  • Based on the Price/Forward Earnings ratio, BSP is valued a bit cheaper than the industry average as 61.40% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.29, BSP is valued at the same level.
Industry RankSector Rank
PE 27.1
Fwd PE 23.86
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

4.2 Price Multiples

  • 63.16% of the companies in the same industry are more expensive than BSP, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of BSP indicates a rather cheap valuation: BSP is cheaper than 80.70% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 26.11
EV/EBITDA 16.44
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 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 13.05% in the coming years.
PEG (NY)2.05
PEG (5Y)2.71
EPS Next 2Y13.77%
EPS Next 3Y13.05%

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6

5. BSP.DE Dividend Analysis

5.1 Amount

  • BSP has a Yearly Dividend Yield of 1.75%.
  • Compared to an average industry Dividend Yield of 0.88, BSP pays a better dividend. On top of this BSP pays more dividend than 87.72% of the companies listed in the same industry.
  • BSP's Dividend Yield is comparable with the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 1.75%

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.
  • The dividend of BSP is growing, but earnings are growing more, so the dividend growth is 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 (4/24/2026, 7:00:00 PM)

23.31

-0.81 (-3.36%)

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 Cap70.05B
Revenue(TTM)28.34B
Net Income(TTM)2.06B
Analysts74.29
Price Target26.81 (15.02%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.75%
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 27.1
Fwd PE 23.86
P/S 2.15
P/FCF 26.11
P/OCF 17.72
P/B 5.16
P/tB N/A
EV/EBITDA 16.44
EPS(TTM)0.86
EY3.69%
EPS(NY)0.98
Fwd EY4.19%
FCF(TTM)0.89
FCFY3.83%
OCF(TTM)1.32
OCFY5.64%
SpS10.86
BVpS4.52
TBVpS-1.33
PEG (NY)2.05
PEG (5Y)2.71
Graham Number9.34946 (-59.89%)
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 2.78
F-Score8
WACC9.4%
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 5Y13.15%
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 5Y5.56%
EBIT growth 1Y10.48%
EBIT growth 3Y8.37%
EBIT growth 5Y8.57%
EBIT Next Year41.57%
EBIT Next 3Y18.56%
EBIT Next 5Y14.57%
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%.