(BSP) BAE Systems - Overview
Sector: Industrials | Industry: Aerospace & Defense | Exchange: XETRA (Germany) | Market Cap: 76.937m EUR | Total Return: 45.9% in 12m
Defense, Aerospace, Electronics, Vehicles, Ships
Total Rating 61
Safety 57
Buy Signal 0.02
Aerospace & Defense
Industry Rotation: -6.6
Industry Rotation: -6.6
Market Cap:
89.7B
Avg Turnover: 2.56M EUR
Avg Turnover: 2.56M EUR
ATR:
2.86%
Peers RS (IBD): 62.0
Peers RS (IBD): 62.0
Risk 5d forecast
Volatility34.0%
Rel. Tail Risk-3.45%
Reward TTM
Sharpe Ratio1.23
Alpha37.15
Character TTM
Beta0.045
Beta Downside-0.019
Drawdowns 3y
Max DD23.20%
CAGR/Max DD1.48
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Description: BSP BAE Systems
BAE Systems plc is a UK-based defense, aerospace, and security company. It operates globally, with significant presence in the US, UK, and Australia. The defense sector is characterized by long sales cycles and government contracts.
The companys business model is diversified across five segments. Electronic Systems provides advanced electronics for military and commercial applications, including electronic warfare and navigation. Platforms & Services manufactures combat vehicles, weapons, and munitions, and offers naval ship repair. This segment often involves large-scale manufacturing and maintenance contracts.
The Air segment focuses on combat air systems, including collaborations on projects like Eurofighter. Maritime provides submarine and ship construction and support. Cyber & Intelligence offers cybersecurity services, primarily for government clients. Further research on ValueRay can provide detailed financial metrics and historical performance data.
- Global defense spending increases drive order backlog growth
- Geopolitical instability boosts demand for military hardware
- Government contract awards secure future revenue streams
- Supply chain disruptions impact production and delivery schedules
Piotroski VR‑10 (Strict)
7.0
| Net Income: 4.02b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.13 > 0.02 and ΔFCF/TA -1.89 > 1.0 |
| NWC/Revenue: -0.29% < 20% (prev 2.40%; Δ -2.68% < -1%) |
| CFO/TA 0.19 > 3% & CFO 7.16b > Net Income 4.02b |
| Net Debt (7.13b) to EBITDA (7.75b): 0.92 < 3 |
| Current Ratio: 0.99 > 1.5 & < 3 |
| Outstanding Shares: last quarter (3.03b) vs 12m ago -1.12% < -2% |
| Gross Margin: 36.09% > 18% (prev 0.61%; Δ 3.55k% > 0.5%) |
| Asset Turnover: 156.7% > 50% (prev 107.9%; Δ 48.79% > 0%) |
| Interest Coverage Ratio: 5.37 > 6 (EBITDA TTM 7.75b / Interest Expense TTM 1.02b) |
Altman Z''
1.62
| A: -0.00 (Total Current Assets 12.15b - Total Current Liabilities 12.31b) / Total Assets 37.70b |
| B: 0.12 (Retained Earnings 4.57b / Total Assets 37.70b) |
| C: 0.16 (EBIT TTM 5.49b / Avg Total Assets 34.88b) |
| D: 0.18 (Book Value of Equity 4.65b / Total Liabilities 25.76b) |
| Altman-Z'' Score: 1.62 = BB |
Beneish M
-2.07
| DSRI: 0.97 (Receivables 7.15b/4.66b, Revenue 54.66b/34.60b) |
| GMI: 1.69 (GM 36.09% / 61.01%) |
| AQI: 1.04 (AQ_t 0.50 / AQ_t-1 0.48) |
| SGI: 1.58 (Revenue 54.66b / 34.60b) |
| TATA: -0.08 (NI 4.02b - CFO 7.16b) / TA 37.70b) |
| Beneish M-Score: -2.07 (Cap -4..+1) = BB |
What is the price of BSP shares?
As of April 10, 2026, the stock is trading at EUR 26.17 with a total of 65,332 shares traded.
Over the past week, the price has changed by -0.61%, over one month by -0.23%, over three months by +9.36% and over the past year by +45.90%.
Over the past week, the price has changed by -0.61%, over one month by -0.23%, over three months by +9.36% and over the past year by +45.90%.
Is BSP a buy, sell or hold?
BAE Systems has no consensus analysts rating.
What are the forecasts/targets for the BSP price?
| Analysts Target Price | - | - |
BAE Systems (BSP) - Fundamental Data Overview
as of 09 April 2026
Market Cap USD = 89.70b (76.94b EUR * 1.1659 EUR.USD)Market Cap GBP = 66.97b (76.94b EUR * 0.8704 EUR.GBP)
P/E Trailing = 33.641
P/E Forward = 25.8398
P/S = 2.7152
P/B = 5.7156
P/EG = 3.6048
Revenue TTM = 54.66b GBP
EBIT TTM = 5.49b GBP
EBITDA TTM = 7.75b GBP
Long Term Debt = 7.19b GBP (from longTermDebt, last quarter)
Short Term Debt = 348.2m GBP (from shortTermDebt, last quarter)
Debt = 10.57b GBP (from shortLongTermDebtTotal, last quarter)
Net Debt = 7.13b GBP (from netDebt column, last quarter)
Enterprise Value = 73.91b GBP (66.97b + Debt 10.57b - CCE 3.62b)
Interest Coverage Ratio = 5.37 (Ebit TTM 5.49b / Interest Expense TTM 1.02b)
EV/FCF = 14.55x (Enterprise Value 73.91b / FCF TTM 5.08b)
FCF Yield = 6.87% (FCF TTM 5.08b / Enterprise Value 73.91b)
FCF Margin = 9.30% (FCF TTM 5.08b / Revenue TTM 54.66b)
Net Margin = 7.35% (Net Income TTM 4.02b / Revenue TTM 54.66b)
Gross Margin = 36.09% ((Revenue TTM 54.66b - Cost of Revenue TTM 34.93b) / Revenue TTM)
Gross Margin QoQ = 9.16% (prev 8.44%)
Tobins Q-Ratio = 1.96 (Enterprise Value 73.91b / Total Assets 37.70b)
Interest Expense / Debt = 2.31% (Interest Expense 244.2m / Debt 10.57b)
Taxrate = 17.57% (243.2m / 1.38b)
NOPAT = 4.53b (EBIT 5.49b * (1 - 17.57%))
Current Ratio = 0.99 (Total Current Assets 12.15b / Total Current Liabilities 12.31b)
Debt / Equity = 0.90 (Debt 10.57b / totalStockholderEquity, last quarter 11.79b)
Debt / EBITDA = 0.92 (Net Debt 7.13b / EBITDA 7.75b)
Debt / FCF = 1.40 (Net Debt 7.13b / FCF TTM 5.08b)
Total Stockholder Equity = 11.38b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.52% (Net Income 4.02b / Total Assets 37.70b)
RoE = 35.33% (Net Income TTM 4.02b / Total Stockholder Equity 11.38b)
RoCE = 29.58% (EBIT 5.49b / Capital Employed (Equity 11.38b + L.T.Debt 7.19b))
RoIC = 23.29% (NOPAT 4.53b / Invested Capital 19.44b)
WACC = 5.56% (E(66.97b)/V(77.54b) * Re(6.14%) + D(10.57b)/V(77.54b) * Rd(2.31%) * (1-Tc(0.18)))
Discount Rate = 6.14% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: -100.0 | Cagr: -0.56%
[DCF] Terminal Value 80.82% ; FCFF base≈5.02b ; Y1≈3.30b ; Y5≈1.51b
[DCF] Fair Price = 13.88 (EV 47.84b - Net Debt 7.13b = Equity 40.71b / Shares 2.93b; r=6.0% [WACC]; 5y FCF grow -40.0% → 3.0% )
Revenue Correlation: 95.34 | Revenue CAGR: 22.61% | SUE: N/A | # QB: 0