(BSP) BAE Systems - Overview
Sector: IndustrialsIndustry: Aerospace & Defense | Exchange XETRA (Germany) | Currency EUR | Market Cap: 83.727m | Total Return 30.1% in 12m
Stock: Defense, Aerospace, Electronics, Vehicles, Ships
Total Rating 60
Risk 53
Buy Signal -0.75
| Risk 5d forecast | |
|---|---|
| Volatility | 33.7% |
| Relative Tail Risk | -3.08% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.89 |
| Alpha | 24.42 |
| Character TTM | |
|---|---|
| Beta | 0.063 |
| Beta Downside | -0.192 |
| Drawdowns 3y | |
|---|---|
| Max DD | 23.20% |
| CAGR/Max DD | 1.35 |
Description: BSP BAE Systems March 04, 2026
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.
Headlines to watch out for
- 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, 0-10) 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 March 27, 2026, the stock is trading at EUR 24.45 with a total of 58,915 shares traded.
Over the past week, the price has changed by -8.36%, over one month by +0.53%, over three months by +24.81% and over the past year by +30.12%.
Over the past week, the price has changed by -8.36%, over one month by +0.53%, over three months by +24.81% and over the past year by +30.12%.
Is BSP a buy, sell or hold?
BAE Systems has no consensus analysts rating.
What are the forecasts/targets for the BSP price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
BSP Fundamental Data Overview March 25, 2026
Market Cap USD = 83.73b (72.42b EUR * 1.1562 EUR.USD)
P/E Trailing = 31.7692
P/E Forward = 25.0627
P/S = 2.5556
P/B = 5.5228
P/EG = 3.5035
Revenue TTM = 54.66b EUR
EBIT TTM = 5.49b EUR
EBITDA TTM = 7.75b EUR
Long Term Debt = 7.05b EUR (from longTermDebt, two quarters ago)
Short Term Debt = 348.2m EUR (from shortTermDebt, last quarter)
Debt = 10.57b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 7.13b EUR (from netDebt column, last quarter)
Enterprise Value = 79.36b EUR (72.42b + Debt 10.57b - CCE 3.62b)
Interest Coverage Ratio = 5.37 (Ebit TTM 5.49b / Interest Expense TTM 1.02b)
EV/FCF = 15.62x (Enterprise Value 79.36b / FCF TTM 5.08b)
FCF Yield = 6.40% (FCF TTM 5.08b / Enterprise Value 79.36b)
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 = 2.10 (Enterprise Value 79.36b / 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 = 29.80% (EBIT 5.49b / Capital Employed (Equity 11.38b + L.T.Debt 7.05b))
RoIC = 23.14% (NOPAT 4.53b / Invested Capital 19.56b)
WACC = 5.65% (E(72.42b)/V(82.99b) * Re(6.20%) + D(10.57b)/V(82.99b) * Rd(2.31%) * (1-Tc(0.18)))
Discount Rate = 6.20% (= 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 = 13.97 (EV 47.84b - Net Debt 7.13b = Equity 40.71b / Shares 2.92b; r=6.0% [WACC]; 5y FCF grow -40.0% → 3.0% )
Revenue Correlation: 95.34 | Revenue CAGR: 22.61% | SUE: N/A | # QB: 0
P/E Trailing = 31.7692
P/E Forward = 25.0627
P/S = 2.5556
P/B = 5.5228
P/EG = 3.5035
Revenue TTM = 54.66b EUR
EBIT TTM = 5.49b EUR
EBITDA TTM = 7.75b EUR
Long Term Debt = 7.05b EUR (from longTermDebt, two quarters ago)
Short Term Debt = 348.2m EUR (from shortTermDebt, last quarter)
Debt = 10.57b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 7.13b EUR (from netDebt column, last quarter)
Enterprise Value = 79.36b EUR (72.42b + Debt 10.57b - CCE 3.62b)
Interest Coverage Ratio = 5.37 (Ebit TTM 5.49b / Interest Expense TTM 1.02b)
EV/FCF = 15.62x (Enterprise Value 79.36b / FCF TTM 5.08b)
FCF Yield = 6.40% (FCF TTM 5.08b / Enterprise Value 79.36b)
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 = 2.10 (Enterprise Value 79.36b / 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 = 29.80% (EBIT 5.49b / Capital Employed (Equity 11.38b + L.T.Debt 7.05b))
RoIC = 23.14% (NOPAT 4.53b / Invested Capital 19.56b)
WACC = 5.65% (E(72.42b)/V(82.99b) * Re(6.20%) + D(10.57b)/V(82.99b) * Rd(2.31%) * (1-Tc(0.18)))
Discount Rate = 6.20% (= 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 = 13.97 (EV 47.84b - Net Debt 7.13b = Equity 40.71b / Shares 2.92b; r=6.0% [WACC]; 5y FCF grow -40.0% → 3.0% )
Revenue Correlation: 95.34 | Revenue CAGR: 22.61% | SUE: N/A | # QB: 0