Company Valuation: BAE Systems plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 17,381 26,285 33,599 34,267 51,026 57,765 - -
Change - 51.22% 27.83% 1.99% 48.91% 13.21% - -
Enterprise Value (EV) 1 19,541 28,308 36,063 41,142 56,639 62,996 62,473 61,891
Change - 44.86% 27.4% 14.08% 37.67% 11.22% -0.83% -0.93%
P/E ratio 10.1x 17x 18.4x 17.9x 25.2x 24.7x 21.6x 19.4x
PBR 2.36x 2.35x 3.21x 2.98x 4.36x 4.64x 4.2x 3.88x
PEG - -2.21x 0.9x 2.92x 4.14x 1.6x 1.5x 1.7x
Capitalization / Revenue 0.82x 1.13x 1.33x 1.21x 1.66x 1.74x 1.61x 1.49x
EV / Revenue 0.92x 1.22x 1.43x 1.45x 1.85x 1.9x 1.74x 1.6x
EV / EBITDA 6.68x 8.72x 10.4x 10x 12.6x 13.5x 12.3x 11.3x
EV / EBIT 8.86x 11.4x 13.4x 13.6x 17x 17.3x 15.6x 14.2x
EV / FCF 10.5x 13.2x 13.9x 16.4x 26.2x 29.5x 24.1x 21.1x
FCF Yield 9.54% 7.58% 7.19% 6.09% 3.81% 3.39% 4.14% 4.73%
Dividend per Share 2 0.251 0.27 0.3 0.33 0.363 0.3948 0.4416 0.4991
Rate of return 4.57% 3.15% 2.7% 2.87% 2.12% 2.04% 2.28% 2.58%
EPS 2 0.547 0.505 0.604 0.641 0.68 0.7824 0.8948 0.9981
Distribution rate 45.9% 53.5% 49.7% 51.5% 53.4% 50.5% 49.4% 50%
Net sales 1 21,310 23,256 25,284 28,335 30,662 33,216 35,816 38,672
EBITDA 1 2,925 3,246 3,469 4,112 4,495 4,661 5,088 5,462
EBIT 1 2,205 2,479 2,682 3,015 3,322 3,638 4,001 4,359
Net income 1 1,758 1,591 1,857 1,956 2,062 2,320 2,659 3,000
Net Debt 1 2,160 2,023 2,464 6,875 5,613 5,231 4,708 4,127
Reference price 2 5.50 8.56 11.10 11.48 17.14 19.34 19.34 19.34
Nbr of stocks (in thousands) 31,61,416 30,70,678 30,25,615 29,83,629 29,77,003 29,87,100 - -
Announcement Date 24/02/22 23/02/23 21/02/24 19/02/25 18/02/26 - - -
1GBP in Million2GBP
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.72x1.9x13.52x2.04% 7.87TCr
36.9x6.55x27.15x0.61% 31TCr
30.66x2.81x16.56x1.63% 24TCr
32.4x4.34x19.82x1% 14TCr
20.81x1.75x14.37x1.84% 9.36TCr
19.65x1.97x13.98x1.77% 7.81TCr
34.52x3.82x17.1x1.3% 6.67TCr
-389.73x67.36x-1157.93x-.--% 6.1TCr
25.82x2.74x15.24x1.65% 5.58TCr
29.72x2.42x13.94x0.54% 4.6TCr
Average -13.45x 9.57x -100.63x 1.24% 11.64TCr
Weighted average by Cap. 8.51x 7.21x -42.49x 1.19%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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