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 52,521 - -
Change - 51.22% 27.83% 1.99% 48.91% 2.93% - -
Enterprise Value (EV) 1 19,541 28,308 36,063 41,142 56,639 57,752 57,189 56,348
Change - 44.86% 27.4% 14.08% 37.67% 1.97% -0.98% -1.47%
P/E 10.1x 17x 18.4x 17.9x 25.2x 23.6x 20.5x 18.5x
PBR 2.36x 2.35x 3.21x 2.98x 4.36x 4.37x 4.07x 3.78x
PEG - -2.21x 0.9x 2.92x 4.14x 1.5x 1.3x 1.7x
Capitalization / Revenue 0.82x 1.13x 1.33x 1.21x 1.66x 1.58x 1.46x 1.36x
EV / Revenue 0.92x 1.22x 1.43x 1.45x 1.85x 1.74x 1.59x 1.45x
EV / EBITDA 6.68x 8.72x 10.4x 10x 12.6x 12.4x 11.2x 10.2x
EV / EBIT 8.86x 11.4x 13.4x 13.6x 17x 15.9x 14.2x 12.8x
EV / FCF 10.5x 13.2x 13.9x 16.4x 26.2x 26.7x 22.2x 19.1x
FCF Yield 9.54% 7.58% 7.19% 6.09% 3.81% 3.74% 4.49% 5.22%
Dividend per Share 2 0.251 0.27 0.3 0.33 0.363 0.3952 0.4431 0.4936
Rate of return 4.57% 3.15% 2.7% 2.87% 2.12% 2.13% 2.39% 2.66%
EPS 2 0.547 0.505 0.604 0.641 0.68 0.7847 0.9042 1.003
Distribution rate 45.9% 53.5% 49.7% 51.5% 53.4% 50.4% 49% 49.2%
Net sales 1 21,310 23,256 25,284 28,335 30,662 33,210 35,977 38,744
EBITDA 1 2,925 3,246 3,469 4,112 4,495 4,667 5,123 5,512
EBIT 1 2,205 2,479 2,682 3,015 3,322 3,634 4,036 4,394
Net income 1 1,758 1,591 1,857 1,956 2,062 2,322 2,683 2,980
Net Debt 1 2,160 2,023 2,464 6,875 5,613 5,231 4,668 3,827
Reference price 2 5.50 8.56 11.10 11.48 17.14 18.53 18.53 18.53
Nbr of stocks (in thousands) 3,161,416 3,070,678 3,025,615 2,983,629 2,977,003 2,834,393 - -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
42.49x7.75x32.21x0.5% 369B
33.71x3.06x18.16x1.48% 260B
37.01x4.98x22.65x0.88% 155B
17.23x1.68x11.84x2.73% 119B
22.13x1.86x15.24x1.73% 99.77B
18.9x1.9x13.47x1.84% 75.09B
24.98x2.64x14.68x1.71% 54.03B
27.92x3.08x13.52x1.53% 52.19B
Average 28.05x 3.37x 17.72x 1.55% 148.01B
Weighted average by Cap. 32.66x 4.44x 21.58x 1.28%

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