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 52,387 - -
Change - 51.22% 27.83% 1.99% 48.91% 2.67% - -
Enterprise Value (EV) 1 19,541 28,308 36,063 41,142 56,639 57,621 57,058 56,217
Change - 44.86% 27.4% 14.08% 37.67% 1.73% -0.98% -1.47%
P/E 10.1x 17x 18.4x 17.9x 25.2x 23.6x 20.6x 18.5x
PBR 2.36x 2.35x 3.21x 2.98x 4.36x 4.36x 4.05x 3.77x
PEG - -2.21x 0.9x 2.92x 4.14x 1.6x 1.4x 1.7x
Capitalization / Revenue 0.82x 1.13x 1.33x 1.21x 1.66x 1.58x 1.46x 1.35x
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 12.3x 11.2x 10.2x
EV / EBIT 8.86x 11.4x 13.4x 13.6x 17x 15.8x 14.1x 12.8x
EV / FCF 10.5x 13.2x 13.9x 16.4x 26.2x 26.8x 22.4x 19.2x
FCF Yield 9.54% 7.58% 7.19% 6.09% 3.81% 3.73% 4.46% 5.21%
Dividend per Share 2 0.251 0.27 0.3 0.33 0.363 0.3958 0.443 0.4935
Rate of return 4.57% 3.15% 2.7% 2.87% 2.12% 2.14% 2.4% 2.67%
EPS 2 0.547 0.505 0.604 0.641 0.68 0.7808 0.8984 0.9972
Distribution rate 45.9% 53.5% 49.7% 51.5% 53.4% 50.7% 49.3% 49.5%
Net sales 1 21,310 23,256 25,284 28,335 30,662 33,210 35,962 38,693
EBITDA 1 2,925 3,246 3,469 4,112 4,495 4,669 5,117 5,489
EBIT 1 2,205 2,479 2,682 3,015 3,322 3,639 4,037 4,391
Net income 1 1,758 1,591 1,857 1,956 2,062 2,314 2,675 2,973
Net Debt 1 2,160 2,023 2,464 6,875 5,613 5,234 4,671 3,830
Reference price 2 5.50 8.56 11.10 11.48 17.14 18.46 18.46 18.46
Nbr of stocks (in thousands) 3,161,416 3,070,678 3,025,615 2,983,629 2,977,003 2,837,107 - -
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.($)
23.65x1.74x12.34x2.14% 69.3B
43.94x7.87x32.57x0.5% 373B
32.39x2.95x17.5x1.55% 250B
37.39x5.02x22.92x0.87% 154B
17.09x1.67x11.75x2.72% 118B
21x1.77x14.5x1.82% 94.51B
18.65x1.88x13.32x1.86% 74.07B
33.55x3.79x16.58x1.29% 64.19B
-414.21x66.88x-1240.39x-.--% 62.08B
Average -20.73x 10.40x -122.10x 1.42% 139.87B
Weighted average by Cap. 10.88x 7.52x -40.74x 1.25%

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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  3. BA. Stock
  4. Valuation BAE Systems plc
-40%: Exceptional extension
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