BAE SYSTEMS PLC (BSP.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:BSP - GB0002634946 - Common Stock
23.96 EUR
+0.27 (+1.14%)
BSP gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 54 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 is not valued too expensively and it also shows a decent growth rate.
1. Profitability
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.
- BSP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- With a decent Return On Assets value of 5.49%, BSP is doing good in the industry, outperforming 72.22% of the companies in the same industry.
- BSP has a better Return On Equity (18.24%) than 70.37% of its industry peers.
- BSP's Return On Invested Capital of 8.70% is in line compared to the rest of the industry. BSP outperforms 59.26% of its industry peers.
- BSP had an Average Return On Invested Capital over the past 3 years of 8.62%. This is in line with the industry average of 9.28%.
- 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
- The Profit Margin of BSP (7.21%) is comparable to the rest of the industry.
- BSP's Profit Margin has declined in the last couple of years.
- The Operating Margin of BSP (9.05%) 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 (62.97%) than 90.74% of its industry peers.
- BSP's Gross Margin has been stable in the last couple of years.
| 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
- 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.
- 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 2.81 indicates that BSP is not a great score, but indicates only limited risk for bankruptcy at the moment.
- With a Altman-Z score value of 2.81, BSP perfoms like the industry average, outperforming 55.56% 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.
- BSP has a Debt to FCF ratio of 4.53. This is in the better half of the industry: BSP outperforms 70.37% of its industry peers.
- BSP has a Debt/Equity ratio of 0.79. This is a neutral value indicating BSP is somewhat dependend on debt financing.
- The Debt to Equity ratio of BSP (0.79) is worse than 64.81% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 4.53 | ||
| Altman-Z | 2.81 |
ROIC/WACC0.89
WACC9.82%
2.3 Liquidity
- BSP has a Current 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.
- BSP has a worse Current ratio (0.96) than 85.19% of its industry peers.
- A Quick Ratio of 0.84 indicates that BSP may have some problems paying its short term obligations.
- BSP has a Quick ratio (0.84) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.84 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an nice 10.76% over the past year.
- BSP shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.10% yearly.
- Looking at the last year, BSP shows a quite strong growth in Revenue. The Revenue has grown by 11.60% in the last year.
- 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
- BSP is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.74% yearly.
- The Revenue is expected to grow by 6.23% on average over the next years.
EPS Next Y13.01%
EPS Next 2Y12.57%
EPS Next 3Y12.09%
EPS Next 5Y12.74%
Revenue Next Year8.58%
Revenue Next 2Y7.84%
Revenue Next 3Y7.58%
Revenue Next 5Y6.23%
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
- With a Price/Earnings ratio of 29.22, BSP can be considered very expensive at the moment.
- 83.33% of the companies in the same industry are more expensive than BSP, based on the Price/Earnings ratio.
- BSP's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.47.
- Based on the Price/Forward Earnings ratio of 24.26, 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 75.93% of the companies are valued more expensively.
- BSP's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 24.26.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.22 | ||
| Fwd PE | 24.26 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, BSP is valued a bit cheaper than the industry average as 70.37% of the companies are valued more expensively.
- BSP's Price/Free Cash Flow ratio is rather cheap when compared to the industry. BSP is cheaper than 81.48% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.01 | ||
| EV/EBITDA | 18.71 |
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 12.09% in the coming years.
PEG (NY)2.25
PEG (5Y)3.61
EPS Next 2Y12.57%
EPS Next 3Y12.09%
5. Dividend
5.1 Amount
- BSP has a Yearly Dividend Yield of 1.69%.
- BSP's Dividend Yield is rather good when compared to the industry average which is at 0.77. BSP pays more dividend than 92.59% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.89, BSP has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.69% |
5.2 History
- On average, the dividend of BSP grows each year by 6.50%, which is quite nice.
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 2Y12.57%
EPS Next 3Y12.09%
FRA:BSP (1/16/2026, 7:00:00 PM)
23.96
+0.27 (+1.14%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)07-30 2025-07-30/bmo
Earnings (Next)02-18 2026-02-18/amc
Inst Owners78.98%
Inst Owner ChangeN/A
Ins Owners0.17%
Ins Owner ChangeN/A
Market Cap71.93B
Revenue(TTM)27.41B
Net Income(TTM)1.98B
Analysts77.78
Price Target24.15 (0.79%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.69% |
Yearly Dividend0.36
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)0.48%
PT rev (3m)-1.67%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.47%
EPS NY rev (3m)0.43%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.1%
Revenue NY rev (3m)-0.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.22 | ||
| Fwd PE | 24.26 | ||
| P/S | 2.28 | ||
| P/FCF | 30.01 | ||
| P/OCF | 19.25 | ||
| P/B | 5.76 | ||
| P/tB | N/A | ||
| EV/EBITDA | 18.71 |
EPS(TTM)0.82
EY3.42%
EPS(NY)0.99
Fwd EY4.12%
FCF(TTM)0.8
FCFY3.33%
OCF(TTM)1.24
OCFY5.2%
SpS10.52
BVpS4.16
TBVpS-1.67
PEG (NY)2.25
PEG (5Y)3.61
Graham Number8.76
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 | 2.81 |
F-Score8
WACC9.82%
ROIC/WACC0.89
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 Y13.01%
EPS Next 2Y12.57%
EPS Next 3Y12.09%
EPS Next 5Y12.74%
Revenue 1Y (TTM)11.6%
Revenue growth 3Y10.46%
Revenue growth 5Y7.53%
Sales Q2Q%9.12%
Revenue Next Year8.58%
Revenue Next 2Y7.84%
Revenue Next 3Y7.58%
Revenue Next 5Y6.23%
EBIT growth 1Y4.73%
EBIT growth 3Y9.01%
EBIT growth 5Y6.75%
EBIT Next Year41.71%
EBIT Next 3Y18.2%
EBIT Next 5Y15.1%
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 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.
What is the profitability of BSP stock?
BAE SYSTEMS PLC (BSP.DE) has a profitability rating of 6 / 10.
Can you provide the PE and PB ratios for BSP stock?
The Price/Earnings (PE) ratio for BAE SYSTEMS PLC (BSP.DE) is 29.22 and the Price/Book (PB) ratio is 5.76.
How sustainable is the dividend of BAE SYSTEMS PLC (BSP.DE) stock?
The dividend rating of BAE SYSTEMS PLC (BSP.DE) is 6 / 10 and the dividend payout ratio is 50.43%.