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 53,346 - -
Change - 51.22% 27.83% 1.99% 48.91% 4.55% - -
Enterprise Value (EV) 1 19,541 28,308 36,063 41,142 56,639 57,984 57,438 56,530
Change - 44.86% 27.4% 14.08% 37.67% 2.38% -0.94% -1.58%
P/E 10.1x 17x 18.4x 17.9x 25.2x 24.4x 21x 18.6x
PBR 2.36x 2.35x 3.21x 2.98x 4.36x 4.53x 4.21x 3.89x
PEG - -2.21x 0.9x 2.92x 4.14x 1.8x 1.3x 1.4x
Capitalization / Revenue 0.82x 1.13x 1.33x 1.21x 1.66x 1.6x 1.47x 1.36x
EV / Revenue 0.92x 1.22x 1.43x 1.45x 1.85x 1.74x 1.59x 1.44x
EV / EBITDA 6.68x 8.72x 10.4x 10x 12.6x 12.3x 11x 10x
EV / EBIT 8.86x 11.4x 13.4x 13.6x 17x 15.9x 14x 12.6x
EV / FCF 10.5x 13.2x 13.9x 16.4x 26.2x 19x 21.8x 18.9x
FCF Yield 9.54% 7.58% 7.19% 6.09% 3.81% 5.26% 4.58% 5.28%
Dividend per Share 2 0.251 0.27 0.3 0.33 0.363 0.3978 0.4489 0.5027
Rate of return 4.57% 3.15% 2.7% 2.87% 2.12% 2.11% 2.38% 2.67%
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 33,289 36,210 39,153
EBITDA 1 2,925 3,246 3,469 4,112 4,495 4,721 5,201 5,646
EBIT 1 2,205 2,479 2,682 3,015 3,322 3,647 4,094 4,502
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 4,638 4,092 3,184
Reference price 2 5.50 8.56 11.10 11.48 17.14 18.86 18.86 18.86
Nbr of stocks (in thousands) 3,161,416 3,070,678 3,025,615 2,983,629 2,977,003 2,828,530 - -
Announcement Date 2/24/22 2/23/23 2/21/24 2/19/25 2/18/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
24.37x1.74x12.28x2.11% 70.54B
37.9x6.92x28.68x0.55% 343B
30.89x3.03x17.37x1.43% 268B
28.07x1.86x13.84x1.63% 180B
31.72x4.58x19.07x1.09% 147B
30.92x3.38x15.36x1.33% 140B
19.46x1.85x13.46x2.35% 138B
-116.44x1.64x46.77x-.--% 136B
20.93x1.78x14.58x1.74% 98.07B
39.04x8.86x27.33x0.24% 87.81B
Average 14.69x 3.56x 20.87x 1.25% 161B
Weighted average by Cap. 18.27x 3.87x 21.67x 1.17%

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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