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 56,104 - -
Change - 51.22% 27.83% 1.99% 48.91% 9.95% - -
Enterprise Value (EV) 1 19,541 28,308 36,063 41,142 56,639 60,887 60,272 59,364
Change - 44.86% 27.4% 14.08% 37.67% 7.5% -1.01% -1.51%
P/E 10.1x 17x 18.4x 17.9x 25.2x 25.7x 22.1x 19.5x
PBR 2.36x 2.35x 3.21x 2.98x 4.36x 4.77x 4.43x 4.09x
PEG - -2.21x 0.9x 2.92x 4.14x 1.9x 1.3x 1.5x
Capitalization / Revenue 0.82x 1.13x 1.33x 1.21x 1.66x 1.69x 1.55x 1.43x
EV / Revenue 0.92x 1.22x 1.43x 1.45x 1.85x 1.83x 1.66x 1.52x
EV / EBITDA 6.68x 8.72x 10.4x 10x 12.6x 12.8x 11.6x 10.5x
EV / EBIT 8.86x 11.4x 13.4x 13.6x 17x 16.5x 14.7x 13.2x
EV / FCF 10.5x 13.2x 13.9x 16.4x 26.2x 25.9x 23x 20x
FCF Yield 9.54% 7.58% 7.19% 6.09% 3.81% 3.86% 4.34% 5%
Dividend per Share 2 0.251 0.27 0.3 0.33 0.363 0.3976 0.4476 0.5026
Rate of return 4.57% 3.15% 2.7% 2.87% 2.12% 2% 2.26% 2.53%
EPS 2 0.547 0.505 0.604 0.641 0.68 0.7704 0.8979 1.016
Distribution rate 45.9% 53.5% 49.7% 51.5% 53.4% 51.6% 49.8% 49.5%
Net sales 1 21,310 23,256 25,284 28,335 30,662 33,211 36,216 39,176
EBITDA 1 2,925 3,246 3,469 4,112 4,495 4,754 5,199 5,646
EBIT 1 2,205 2,479 2,682 3,015 3,322 3,681 4,096 4,503
Net income 1 1,758 1,591 1,857 1,956 2,062 2,269 2,597 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 19.84 19.84 19.84
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 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.($)
25.74x1.83x12.81x2% 74.85B
36.07x6.64x27.8x0.57% 326B
32.11x3x17.79x1.47% 261B
26.79x1.79x13.25x1.71% 177B
-523.45x1.78x40.68x-.--% 150B
31.53x4.61x19.29x1.08% 150B
31.76x3.48x15.76x1.3% 148B
18.15x1.75x12.5x2.54% 127B
20.25x1.72x14.04x1.84% 92.99B
40.1x9.05x28.08x0.24% 88.12B
Average -26.09x 3.56x 20.20x 1.28% 159.51B
Weighted average by Cap. -21.78x 3.79x 21.13x 1.19%

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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