BAE SYSTEMS PLC (BSP.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:BSP - GB0002634946 - Common Stock
21.74 EUR
+0.32 (+1.49%)
Overall BSP gets a fundamental rating of 5 out of 10. We evaluated BSP against 47 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 has a correct valuation and a medium 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.
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.
1.2 Ratios
BSP has a Return On Assets of 5.49%. This is in the better half of the industry: BSP outperforms 76.60% of its industry peers.
BSP has a better Return On Equity (18.24%) than 72.34% of its industry peers.
Looking at the Return On Invested Capital, with a value of 8.70%, BSP is in line with its industry, outperforming 59.57% 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 9.17%.
The 3 year average ROIC (8.62%) for BSP is below the current ROIC(8.70%), indicating increased profibility in the last year.
| 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
Looking at the Profit Margin, with a value of 7.21%, BSP is in the better half of the industry, outperforming 63.83% of the companies in the same industry.
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.
BSP's Operating Margin has been stable in the last couple of years.
BSP has a Gross Margin of 62.97%. This is amongst the best in the industry. BSP outperforms 89.36% 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
BSP has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
BSP has less shares outstanding than it did 1 year ago.
The number of shares outstanding for BSP has been reduced compared to 5 years ago.
The debt/assets ratio for BSP is higher compared to a year ago.
2.2 Solvency
BSP has an Altman-Z score of 2.68. 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's Altman-Z score of 2.68 is in line compared to the rest of the industry. BSP outperforms 55.32% of its industry peers.
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.
With a decent Debt to FCF ratio value of 4.53, BSP is doing good in the industry, outperforming 70.21% of the companies in the same industry.
BSP has a Debt/Equity ratio of 0.79. This is a neutral value indicating BSP is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.79, BSP is doing worse than 68.09% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 4.53 | ||
| Altman-Z | 2.68 |
ROIC/WACC0.89
WACC9.81%
2.3 Liquidity
A Current Ratio of 0.96 indicates that BSP may have some problems paying its short term obligations.
With a Current ratio value of 0.96, BSP is not doing good in the industry: 82.98% of the companies in the same industry are doing better.
A Quick Ratio of 0.84 indicates that BSP may have some problems paying its short term obligations.
BSP has a Quick ratio of 0.84. This is comparable to the rest of the industry: BSP outperforms 57.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.84 |
3. Growth
3.1 Past
BSP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.76%, which is quite good.
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
Based on estimates for the next years, BSP will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.77% on average per year.
The Revenue is expected to grow by 6.52% on average over the next years.
EPS Next Y13.01%
EPS Next 2Y12.57%
EPS Next 3Y12.09%
EPS Next 5Y13.77%
Revenue Next Year8.58%
Revenue Next 2Y7.84%
Revenue Next 3Y7.58%
Revenue Next 5Y6.52%
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.
4. Valuation
4.1 Price/Earnings Ratio
BSP is valuated quite expensively with a Price/Earnings ratio of 26.84.
BSP's Price/Earnings ratio is rather cheap when compared to the industry. BSP is cheaper than 89.36% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.17. BSP is around the same levels.
BSP is valuated rather expensively with a Price/Forward Earnings ratio of 22.14.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BSP indicates a somewhat cheap valuation: BSP is cheaper than 78.72% of the companies listed in the same industry.
BSP is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.79, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.84 | ||
| Fwd PE | 22.14 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BSP indicates a somewhat cheap valuation: BSP is cheaper than 74.47% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, BSP is valued cheaply inside the industry as 80.85% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.39 | ||
| EV/EBITDA | 17.19 |
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.
BSP's earnings are expected to grow with 12.09% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.06
PEG (5Y)3.31
EPS Next 2Y12.57%
EPS Next 3Y12.09%
5. Dividend
5.1 Amount
BSP has a Yearly Dividend Yield of 1.99%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 0.87, BSP pays a better dividend. On top of this BSP pays more dividend than 95.74% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 1.94, BSP has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.99% |
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
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 2Y12.57%
EPS Next 3Y12.09%
FRA:BSP (1/6/2026, 7:00:00 PM)
21.74
+0.32 (+1.49%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners78.98%
Inst Owner ChangeN/A
Ins Owners0.17%
Ins Owner ChangeN/A
Market Cap65.27B
Revenue(TTM)27.41B
Net Income(TTM)1.98B
Analysts77.78
Price Target24.15 (11.09%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.99% |
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)0.29%
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 | 26.84 | ||
| Fwd PE | 22.14 | ||
| P/S | 2.08 | ||
| P/FCF | 27.39 | ||
| P/OCF | 17.57 | ||
| P/B | 5.25 | ||
| P/tB | N/A | ||
| EV/EBITDA | 17.19 |
EPS(TTM)0.81
EY3.73%
EPS(NY)0.98
Fwd EY4.52%
FCF(TTM)0.79
FCFY3.65%
OCF(TTM)1.24
OCFY5.69%
SpS10.46
BVpS4.14
TBVpS-1.66
PEG (NY)2.06
PEG (5Y)3.31
Graham Number8.68
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 | 2.68 |
F-Score8
WACC9.81%
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 5Y13.77%
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 5Y6.52%
EBIT growth 1Y4.73%
EBIT growth 3Y9.01%
EBIT growth 5Y6.75%
EBIT Next Year41.71%
EBIT Next 3Y18.2%
EBIT Next 5Y16.15%
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 26.84 and the Price/Book (PB) ratio is 5.25.
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%.