Company Valuation: BAE Systems plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 17,381 26,285 33,599 34,267 51,026 55,071 - -
Change - 51.22% 27.83% 1.99% 48.91% 7.93% - -
Enterprise Value (EV) 1 19,541 28,308 36,063 41,142 56,639 59,854 59,240 58,332
Change - 44.86% 27.4% 14.08% 37.67% 5.68% -1.03% -1.53%
P/E 10.1x 17x 18.4x 17.9x 25.2x 25.2x 21.7x 19.2x
PBR 2.36x 2.35x 3.21x 2.98x 4.36x 4.68x 4.34x 4.02x
PEG - -2.21x 0.9x 2.92x 4.14x 1.8x 1.4x 1.4x
Capitalization / Revenue 0.82x 1.13x 1.33x 1.21x 1.66x 1.66x 1.52x 1.41x
EV / Revenue 0.92x 1.22x 1.43x 1.45x 1.85x 1.8x 1.64x 1.49x
EV / EBITDA 6.68x 8.72x 10.4x 10x 12.6x 12.6x 11.4x 10.3x
EV / EBIT 8.86x 11.4x 13.4x 13.6x 17x 16.3x 14.5x 13x
EV / FCF 10.5x 13.2x 13.9x 16.4x 26.2x 25.5x 22.6x 19.7x
FCF Yield 9.54% 7.58% 7.19% 6.09% 3.81% 3.92% 4.42% 5.08%
Dividend per Share 2 0.251 0.27 0.3 0.33 0.363 0.3979 0.4489 0.5026
Rate of return 4.57% 3.15% 2.7% 2.87% 2.12% 2.04% 2.31% 2.58%
EPS 2 0.547 0.505 0.604 0.641 0.68 0.7738 0.8969 1.016
Distribution rate 45.9% 53.5% 49.7% 51.5% 53.4% 51.4% 50.1% 49.5%
Net sales 1 21,310 23,256 25,284 28,335 30,662 33,221 36,227 39,176
EBITDA 1 2,925 3,246 3,469 4,112 4,495 4,756 5,201 5,646
EBIT 1 2,205 2,479 2,682 3,015 3,322 3,682 4,097 4,503
Net income 1 1,758 1,591 1,857 1,956 2,062 2,272 2,599 2,903
Net Debt 1 2,160 2,023 2,464 6,875 5,613 4,783 4,168 3,260
Reference price 2 5.50 8.56 11.10 11.48 17.14 19.47 19.47 19.47
Nbr of stocks (in thousands) 31,61,416 30,70,678 30,25,615 29,83,629 29,77,003 28,28,530 - -
Announcement Date 24/02/22 23/02/23 21/02/24 19/02/25 18/02/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.16x1.8x12.59x2.04% 7.37TCr
35.3x6.31x26.32x0.61% 31TCr
31.6x2.98x17.46x1.48% 26TCr
26.09x1.74x12.87x1.75% 17TCr
-517.41x1.78x40.76x-.--% 15TCr
30.87x4.52x18.88x1.11% 15TCr
31.35x3.43x15.55x1.32% 15TCr
18.04x1.74x12.45x2.55% 13TCr
20.26x1.72x14.05x1.84% 9.31TCr
38.41x8.68x26.94x0.25% 8.44TCr
Average -26.03x 3.47x 19.79x 1.3% 15.63TCr
Weighted average by Cap. -22.94x 3.65x 20.58x 1.21%

Y-o-Y evolution of P/E

Valuation ratios - P/E - BAE Systems plc

Historical PBR trend

Valuation ratios - PBR - BAE Systems plc

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - BAE Systems plc

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - BAE Systems plc


Year-on-year evolution of the Yield

Valuation ratios - Yield - BAE Systems plc
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