BAE SYSTEMS PLC (BSP.DE) Stock Fundamental Analysis
Europe - FRA:BSP - GB0002634946 - Common Stock
23.36 EUR
+0.36 (+1.57%)
Overall BSP gets a fundamental rating of 5 out of 10. We evaluated BSP against 46 industry peers in the Aerospace & Defense industry. BSP has an average financial health and profitability rating. 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.
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
BSP's Return On Assets of 5.31% is fine compared to the rest of the industry. BSP outperforms 73.91% of its industry peers.
With a decent Return On Equity value of 17.56%, BSP is doing good in the industry, outperforming 71.74% of the companies in the same industry.
BSP has a better Return On Invested Capital (8.14%) than 60.87% 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 9.09%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.31% | ||
| ROE | 17.56% | ||
| ROIC | 8.14% |
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 67.39% of its industry peers.
In the last couple of years the Profit Margin of BSP has declined.
BSP has a Operating Margin (9.05%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of BSP has remained more or less at the same level.
The Gross Margin of BSP (62.97%) is better than 89.13% 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BSP is destroying value.
Compared to 1 year ago, BSP has less shares outstanding
Compared to 5 years ago, BSP has less shares outstanding
The debt/assets ratio for BSP is higher compared to a year ago.
2.2 Solvency
BSP has an Altman-Z score of 2.74. 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 2.74, BSP perfoms like the industry average, outperforming 56.52% of the companies in the same industry.
BSP has a debt to FCF ratio of 5.20. This is a neutral value as BSP would need 5.20 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 5.20, BSP is doing good in the industry, outperforming 65.22% of the companies in the same industry.
BSP has a Debt/Equity ratio of 0.87. This is a neutral value indicating BSP is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.87, BSP is doing worse than 67.39% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.87 | ||
| Debt/FCF | 5.2 | ||
| Altman-Z | 2.74 |
ROIC/WACC0.92
WACC8.87%
2.3 Liquidity
A Current Ratio of 1.03 indicates that BSP should not have too much problems paying its short term obligations.
BSP has a Current ratio of 1.03. This is in the lower half of the industry: BSP underperforms 73.91% of its industry peers.
BSP has a Quick Ratio of 1.03. 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 of 0.91. This is in the better half of the industry: BSP outperforms 67.39% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.03 | ||
| Quick Ratio | 0.91 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 10.76% over the past year.
Measured over the past years, BSP shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.10% on average per year.
BSP shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.60%.
BSP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.53% yearly.
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 13.08% on average over the next years. This is quite good.
The Revenue is expected to grow by 5.98% on average over the next years.
EPS Next Y13.34%
EPS Next 2Y12.48%
EPS Next 3Y12.16%
EPS Next 5Y13.08%
Revenue Next Year8.4%
Revenue Next 2Y7.65%
Revenue Next 3Y7.58%
Revenue Next 5Y5.98%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 28.49, which means the current valuation is very expensive for BSP.
78.26% 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 27.27.
Based on the Price/Forward Earnings ratio of 23.60, 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 67.39% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.77, BSP is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.49 | ||
| Fwd PE | 23.6 |
4.2 Price Multiples
BSP's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. BSP is cheaper than 67.39% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, BSP is valued a bit cheaper than the industry average as 76.09% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.18 | ||
| EV/EBITDA | 18.7 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
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 12.16% in the coming years.
PEG (NY)2.14
PEG (5Y)3.52
EPS Next 2Y12.48%
EPS Next 3Y12.16%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.75%, BSP has a reasonable but not impressive dividend return.
BSP's Dividend Yield is rather good when compared to the industry average which is at 1.16. BSP pays more dividend than 93.48% of the companies in the same industry.
Compared to the average S&P500 Dividend Yield of 2.38, BSP is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.75% |
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
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 2Y12.48%
EPS Next 3Y12.16%
FRA:BSP (9/15/2025, 7:00:00 PM)
23.36
+0.36 (+1.57%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners77.08%
Inst Owner ChangeN/A
Ins Owners0.19%
Ins Owner ChangeN/A
Market Cap70.22B
Analysts78.46
Price Target24.6 (5.31%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.75% |
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)2.01%
PT rev (3m)17.29%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.41%
EPS NY rev (3m)-0.41%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.35%
Revenue NY rev (3m)-0.67%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.49 | ||
| Fwd PE | 23.6 | ||
| P/S | 2.21 | ||
| P/FCF | 29.18 | ||
| P/OCF | 18.72 | ||
| P/B | 5.39 | ||
| P/tB | N/A | ||
| EV/EBITDA | 18.7 |
EPS(TTM)0.82
EY3.51%
EPS(NY)0.99
Fwd EY4.24%
FCF(TTM)0.8
FCFY3.43%
OCF(TTM)1.25
OCFY5.34%
SpS10.55
BVpS4.33
TBVpS-1.84
PEG (NY)2.14
PEG (5Y)3.52
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.31% | ||
| ROE | 17.56% | ||
| ROCE | 9.53% | ||
| ROIC | 8.14% | ||
| ROICexc | 9.2% | ||
| ROICexgc | 30.32% | ||
| 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%
ROICexcg growth 3Y-7.69%
ROICexcg 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-Score5
Asset Turnover0.74
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.87 | ||
| Debt/FCF | 5.2 | ||
| Debt/EBITDA | 2.7 | ||
| Cap/Depr | 99.06% | ||
| Cap/Sales | 4.24% | ||
| Interest Coverage | 4.22 | ||
| Cash Conversion | 88.72% | ||
| Profit Quality | 105.16% | ||
| Current Ratio | 1.03 | ||
| Quick Ratio | 0.91 | ||
| Altman-Z | 2.74 |
F-Score5
WACC8.87%
ROIC/WACC0.92
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 Y13.34%
EPS Next 2Y12.48%
EPS Next 3Y12.16%
EPS Next 5Y13.08%
Revenue 1Y (TTM)11.6%
Revenue growth 3Y10.46%
Revenue growth 5Y7.53%
Sales Q2Q%9.12%
Revenue Next Year8.4%
Revenue Next 2Y7.65%
Revenue Next 3Y7.58%
Revenue Next 5Y5.98%
EBIT growth 1Y4.73%
EBIT growth 3Y9.01%
EBIT growth 5Y6.75%
EBIT Next Year41.8%
EBIT Next 3Y17.4%
EBIT Next 5Y15.44%
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%