Valuation BAE Systems plc

Equities

Market Closed - London S.E. Other stock markets 16:35:02 18/02/2026 GMT			5-day change	1st Jan Change
2,110.00 ^GBX	+3.99%		+9.67%	+23.10%

02-18	Industrials Up on Defense Spending Expectations - Industrials Roundup	DJ
02-18	Europe's STOXX 600 closes at record high on earnings boost; ECB leadership shift in focus	RE

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	15,718	17,381	26,285	33,599	34,267	62,761	62,761	-
Change	-	10.59%	51.22%	27.83%	1.99%	83.15%	0%	-
Enterprise Value (EV) ¹	19,441	19,541	28,308	36,063	41,142	69,144	67,689	68,002
Change	-	0.52%	44.86%	27.4%	14.08%	68.06%	-2.1%	0.46%
P/E ratio	12.1x	10.1x	17x	18.4x	17.9x	25.2x	27.1x	23.9x
PBR	3.52x	2.36x	2.35x	3.21x	2.98x	5.14x	5.02x	4.41x
PEG	-	0.3x	-2.21x	0.9x	2.92x	4.14x	2.3x	1.8x
Capitalization / Revenue	0.75x	0.82x	1.13x	1.33x	1.21x	1.66x	1.91x	1.78x
EV / Revenue	0.93x	0.92x	1.22x	1.43x	1.45x	2.26x	2.06x	1.92x
EV / EBITDA	6.93x	6.68x	8.72x	10.4x	10x	16.3x	14.5x	13.6x
EV / EBIT	9.12x	8.86x	11.4x	13.4x	13.6x	21x	18.7x	17.2x
EV / FCF	24.9x	10.5x	13.2x	13.9x	16.4x	47x	31.2x	25.3x
FCF Yield	4.02%	9.54%	7.58%	7.19%	6.09%	2.13%	3.21%	3.95%
Dividend per Share ²	0.237	0.251	0.27	0.3	0.33	0.3554	0.3825	0.4404
Rate of return	4.85%	4.57%	3.15%	2.7%	2.87%	1.68%	1.81%	2.09%
EPS ²	0.405	0.547	0.505	0.604	0.641	0.68	0.7795	0.8836
Distribution rate	58.5%	45.9%	53.5%	49.7%	51.5%	51%	49.1%	49.8%
Net sales ¹	20,862	21,310	23,256	25,284	28,335	30,662	32,865	35,328
EBITDA ¹	2,807	2,925	3,246	3,469	4,112	4,495	4,671	4,990
EBIT ¹	2,132	2,205	2,479	2,682	3,015	3,322	3,616	3,947
Net income ¹	1,299	1,758	1,591	1,857	1,956	2,062	2,302	2,612
Net Debt ¹	3,723	2,160	2,023	2,464	6,875	6,383	4,928	5,241
Reference price ²	4.89	5.50	8.56	11.10	11.48	21.10	21.10	21.10
Nbr of stocks (in thousands)	3,215,557	3,161,416	3,070,678	3,025,615	2,983,629	2,974,472	2,974,472	-
Announcement Date	25/02/21	24/02/22	23/02/23	21/02/24	19/02/25	18/02/26	-	-

¹GBP in Million²GBP

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
BAE SYSTEMS PLC	29.12x	2.18x	15.72x	1.75%	81.65B
GE AEROSPACE	41.09x	7.3x	30.05x	0.54%	343B
RTX CORPORATION	36.12x	3.21x	19.23x	1.44%	273B
ROLLS-ROYCE HOLDINGS PLC	21.55x	5.41x	25.66x	0.72%	147B
NORTHROP GRUMMAN CORPORATION	25.08x	2.48x	17.61x	1.39%	99.5B
GENERAL DYNAMICS CORPORATION	21.05x	1.77x	14.59x	1.86%	92.47B
RHEINMETALL AG	71.65x	7.3x	31.47x	0.66%	87.45B
L3HARRIS TECHNOLOGIES, INC.	30.09x	3.11x	16.87x	1.44%	64.73B
HANWHA AEROSPACE CO., LTD.	42.73x	2.39x	15.33x	0.35%	39.34B
LEONARDO S.P.A.	28.47x	1.72x	13.68x	1.01%	37.84B
Average	34.69x	3.69x	20.02x	1.12%	126.57B
Weighted average by Cap.	35.48x	4.55x	22.65x	1.06%