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

FRA:BSP • GB0002634946

Current stock price

25.78 EUR
-0.2 (-0.77%)
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

  • BSP had positive earnings in the past year.
  • BSP had a positive operating cash flow in the past year.
  • BSP had positive earnings in each of the past 5 years.
  • BSP had a positive operating cash flow in each of the past 5 years.
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 has a Return On Assets of 5.47%. This is in the better half of the industry: BSP outperforms 72.88% of its industry peers.
  • Looking at the Return On Equity, with a value of 17.50%, BSP is in the better half of the industry, outperforming 61.02% of the companies in the same industry.
  • BSP's Return On Invested Capital of 9.21% is fine compared to the rest of the industry. BSP outperforms 61.02% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for BSP is in line with the industry average of 9.98%.
  • 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

  • BSP has a better Profit Margin (7.28%) than 61.02% of its industry peers.
  • In the last couple of years the Profit Margin of BSP has grown nicely.
  • With a Operating Margin value of 9.64%, BSP perfoms like the industry average, outperforming 59.32% of the companies in the same industry.
  • BSP's Operating Margin has been stable in the last couple of years.
  • Looking at the Gross Margin, with a value of 65.29%, BSP belongs to the top of the industry, outperforming 91.53% 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 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

  • 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.
  • Compared to 5 years ago, BSP has less shares outstanding
  • 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

  • An Altman-Z score of 2.94 indicates that BSP is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • BSP's Altman-Z score of 2.94 is in line compared to the rest of the industry. BSP outperforms 54.24% of its industry peers.
  • The Debt to FCF ratio of BSP is 3.89, which is a good value as it means it would take BSP, 3.89 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of BSP (3.89) is better than 66.10% 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 Debt to Equity ratio of 0.74. This is in the lower half of the industry: BSP underperforms 62.71% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.74
Debt/FCF 3.89
Altman-Z 2.94
ROIC/WACC0.96
WACC9.61%
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.
  • BSP's Current ratio of 0.99 is on the low side compared to the rest of the industry. BSP is outperformed by 77.97% of its industry peers.
  • A Quick Ratio of 0.87 indicates that BSP may have some problems paying its short term obligations.
  • The Quick ratio of BSP (0.87) 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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

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.
  • The Revenue has been growing slightly by 7.69% in the past year.
  • Measured over the past years, BSP shows a quite strong growth in Revenue. The Revenue has been growing by 8.01% on average per year.
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

  • BSP is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.08% yearly.
  • The Revenue is expected to grow by 7.08% on average over the next years.
EPS Next Y13.22%
EPS Next 2Y13.77%
EPS Next 3Y13.05%
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.
  • 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.
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

  • A Price/Earnings ratio of 29.98 indicates a quite expensive valuation of BSP.
  • Based on the Price/Earnings ratio, BSP is valued cheaply inside the industry as 81.36% of the companies are valued more expensively.
  • BSP is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.33, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 26.42, BSP can be considered very expensive at the moment.
  • Based on the Price/Forward Earnings ratio, BSP is valued a bit cheaper than 67.80% 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 38.16.
Industry RankSector Rank
PE 29.98
Fwd PE 26.42
BSP.DE Price Earnings VS Forward Price EarningsBSP.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 100 200 300

4.2 Price Multiples

  • BSP's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. BSP is cheaper than 67.80% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, BSP is valued cheaply inside the industry as 83.05% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 28.92
EV/EBITDA 18.12
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.
  • BSP's earnings are expected to grow with 13.05% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.27
PEG (5Y)3
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 1.60%.
  • Compared to an average industry Dividend Yield of 0.69, BSP pays a better dividend. On top of this BSP pays more dividend than 89.83% of the companies listed in the same industry.
  • BSP's Dividend Yield is comparable with the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.6%

5.2 History

  • The dividend of BSP is nicely growing with an annual growth rate of 8.02%!
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

  • BSP pays out 49.81% of its income as dividend. 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 (4/14/2026, 7:00:00 PM)

25.78

-0.2 (-0.77%)

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 Cap77.49B
Revenue(TTM)28.34B
Net Income(TTM)2.06B
Analysts74.29
Price Target26.81 (4%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.6%
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)5.35%
PT rev (3m)11.03%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.46%
EPS NY rev (3m)-1.01%
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 29.98
Fwd PE 26.42
P/S 2.38
P/FCF 28.92
P/OCF 19.62
P/B 5.72
P/tB N/A
EV/EBITDA 18.12
EPS(TTM)0.86
EY3.34%
EPS(NY)0.98
Fwd EY3.78%
FCF(TTM)0.89
FCFY3.46%
OCF(TTM)1.31
OCFY5.1%
SpS10.85
BVpS4.51
TBVpS-1.32
PEG (NY)2.27
PEG (5Y)3
Graham Number9.34258 (-63.76%)
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 2.94
F-Score8
WACC9.61%
ROIC/WACC0.96
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 5Y13.08%
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 1Y10.48%
EBIT growth 3Y8.37%
EBIT growth 5Y8.57%
EBIT Next Year41.57%
EBIT Next 3Y18.56%
EBIT Next 5Y15.18%
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 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 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%.