BAE SYSTEMS PLC (BSP.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:BSP • GB0002634946

21.78 EUR
-0.72 (-3.2%)
Last: Feb 4, 2026, 07:00 PM
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to BSP. BSP was compared to 53 industry peers in the Aerospace & Defense industry. There are concerns on the financial health of BSP while its profitability can be described as average. BSP has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • BSP had positive earnings in the past year.
  • In the past year BSP had a positive cash flow from operations.
  • BSP had positive earnings in each of the past 5 years.
  • In the past 5 years BSP always reported a positive cash flow from operatings.
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 1B 2B 3B

1.2 Ratios

  • BSP's Return On Assets of 5.49% is fine compared to the rest of the industry. BSP outperforms 71.70% of its industry peers.
  • With a decent Return On Equity value of 18.24%, BSP is doing good in the industry, outperforming 64.15% of the companies in the same industry.
  • With a Return On Invested Capital value of 8.70%, BSP perfoms like the industry average, outperforming 58.49% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for BSP is in line with the industry average of 9.60%.
  • The 3 year average ROIC (8.62%) for BSP is below the current ROIC(8.70%), indicating increased profibility in the last year.
Industry RankSector 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%
BSP.DE Yearly ROA, ROE, ROICBSP.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

1.3 Margins

  • BSP's Profit Margin of 7.21% is fine compared to the rest of the industry. BSP outperforms 62.26% of its industry peers.
  • BSP's Profit Margin has declined in the last couple of years.
  • With a Operating Margin value of 9.05%, BSP perfoms like the industry average, outperforming 54.72% of the companies in the same industry.
  • In the last couple of years the Operating Margin of BSP has remained more or less at the same level.
  • BSP has a better Gross Margin (62.97%) than 90.57% of its industry peers.
  • BSP's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
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 20 40 60

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

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
  • The number of shares outstanding for BSP has been reduced compared to 5 years ago.
  • BSP has a worse debt/assets ratio than last year.
BSP.DE Yearly Shares OutstandingBSP.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 10B 20B 30B

2.2 Solvency

  • An Altman-Z score of 2.69 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 2.69, BSP perfoms like the industry average, outperforming 47.17% of the companies in the same industry.
  • BSP has a debt to FCF ratio of 4.53. This is a neutral value as BSP would need 4.53 years to pay back of all of its debts.
  • The Debt to FCF ratio of BSP (4.53) is better than 66.04% 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.
  • BSP has a worse Debt to Equity ratio (0.79) than 67.92% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.79
Debt/FCF 4.53
Altman-Z 2.69
ROIC/WACC0.83
WACC10.53%
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 2B 4B 6B 8B 10B

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 84.91% of its industry peers.
  • BSP has a Quick 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 Quick ratio (0.84) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 0.96
Quick Ratio 0.84
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 2B 4B 6B 8B 10B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 10.76% over the past year.
  • The Earnings Per Share has been growing by 8.10% on average over the past years. This is quite good.
  • The Revenue has grown by 11.60% in the past year. This is quite good.
  • 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

  • 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 Y12.15%
EPS Next 2Y12.51%
EPS Next 3Y12.08%
EPS Next 5Y12.74%
Revenue Next Year8.58%
Revenue Next 2Y7.84%
Revenue Next 3Y7.58%
Revenue Next 5Y6.23%

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

More info and screens

Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 26.56, BSP can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Earnings ratio of BSP indicates a rather cheap valuation: BSP is cheaper than 81.13% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of BSP to the average of the S&P500 Index (28.25), we can say BSP is valued inline with the index average.
  • With a Price/Forward Earnings ratio of 21.93, BSP is valued on the expensive side.
  • Based on the Price/Forward Earnings ratio, BSP is valued cheaply inside the industry as 81.13% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of BSP to the average of the S&P500 Index (27.50), we can say BSP is valued slightly cheaper.
Industry RankSector Rank
PE 26.56
Fwd PE 21.93
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

  • Based on the Enterprise Value to EBITDA ratio, BSP is valued a bit cheaper than the industry average as 75.47% 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 81.13% of the companies in the same industry.
Industry RankSector Rank
P/FCF 27.1
EV/EBITDA 17.25
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 BSP does not grow enough to justify the current Price/Earnings ratio.
  • 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 12.08% in the coming years.
PEG (NY)2.19
PEG (5Y)3.28
EPS Next 2Y12.51%
EPS Next 3Y12.08%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • BSP has a Yearly Dividend Yield of 1.73%.
  • Compared to an average industry Dividend Yield of 0.71, BSP pays a better dividend. On top of this BSP pays more dividend than 96.23% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, BSP has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.73%

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
BSP.DE Yearly Dividends per shareBSP.DE Yearly Dividends per shareYearly Dividends per share 2018 2020 2021 2022 2023 2024 2025 0.1 0.2 0.3

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.
  • The dividend of BSP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP50.43%
EPS Next 2Y12.51%
EPS Next 3Y12.08%
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 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

More info and screens

Find the best dividend stocksShow peers with best dividend

BAE SYSTEMS PLC

FRA:BSP (2/4/2026, 7:00:00 PM)

21.78

-0.72 (-3.2%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)N/A
Earnings (Next)02-18
Inst Owners78.98%
Inst Owner ChangeN/A
Ins Owners0.17%
Ins Owner ChangeN/A
Market Cap65.39B
Revenue(TTM)27.41B
Net Income(TTM)1.98B
Analysts77.78
Price Target24.69 (13.36%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.73%
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)2.25%
PT rev (3m)0.54%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.75%
EPS NY rev (3m)-0.33%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.04%
Valuation
Industry RankSector Rank
PE 26.56
Fwd PE 21.93
P/S 2.06
P/FCF 27.1
P/OCF 17.38
P/B 5.2
P/tB N/A
EV/EBITDA 17.25
EPS(TTM)0.82
EY3.76%
EPS(NY)0.99
Fwd EY4.56%
FCF(TTM)0.8
FCFY3.69%
OCF(TTM)1.25
OCFY5.75%
SpS10.6
BVpS4.19
TBVpS-1.69
PEG (NY)2.19
PEG (5Y)3.28
Graham Number8.79
Profitability
Industry RankSector 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 RankSector 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 2.69
F-Score8
WACC10.53%
ROIC/WACC0.83
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 Y12.15%
EPS Next 2Y12.51%
EPS Next 3Y12.08%
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 26.56 and the Price/Book (PB) ratio is 5.2.


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%.