BAE SYSTEMS ORD GBP0.025
Symbol: BA.
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Company
Business Summary
BAE Systems plc is a defense, aerospace, and security company. Its Electronic Systems segment comprises the United States and the United Kingdom-based electronics activities, including electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, and others. Platforms & Services segment, with operations in the United States, United Kingdom and Sweden, manufactures and upgrades combat vehicles, weapons and munitions, and delivers services and sustainment activities. Air segment comprises its United Kingdom-based air activities for European and International Markets, and others. Maritime segment comprises its United Kingdom-based maritime and land activities. Cyber & Intelligence segment comprises the United States-based intelligence and security business and applied intelligence business, and covers its cyber security, commercial financial security activities, and others.
Financial Summary
BRIEF: For the fiscal year ended 31 December 2023, BAE Systems plc revenues increased 9% to £23.08B. Net income increased 17% to £1.86B. Revenues reflect Maritime segment increase of 20% to £5.39B, Electronic Systems segment increase of 8% to £5.46B, Platform & Services(US) segment increase of 7% to £3.84B, United Kingdom segment increase of 41% to £6.1B, United States segment increase of 5% to £10.7B, Saudi Arabia segment increase of 6% to £2.69B.
Financials
Income Statement - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Revenue | 23,078.00 | 21,258.00 | 19,521.00 | 19,277.00 | 18,305.00 | 16,821.00 |
Gross profit | 15,233.00 | 14,194.00 | 12,577.00 | 12,520.00 | 11,888.00 | 10,972.00 |
Operating Profit/Loss | 2,573.00 | 2,384.00 | 2,389.00 | 1,930.00 | 1,899.00 | 1,605.00 |
Profit Before Tax | 2,326.00 | 1,989.00 | 2,110.00 | 1,596.00 | 1,626.00 | 1,224.00 |
Profit After Tax | 1,940.00 | 1,674.00 | 1,912.00 | 1,371.00 | 1,532.00 | 1,028.00 |
Equity Holders of Parent Company | 1,857.00 | 1,591.00 | 1,758.00 | 1,299.00 | 1,476.00 | 1,000.00 |
Minority Interest | 81.00 | 102.00 | 78.00 | 206.00 | 48.00 | 39.00 |
Balance Sheet - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 20,291.00 | 20,828.00 | 18,317.00 | 18,124.00 | 16,386.00 | 15,170.00 |
Total Current Assets | 11,773.00 | 10,634.00 | 8,818.00 | 9,406.00 | 9,244.00 | 9,576.00 |
Total Assets | 32,064.00 | 31,462.00 | 27,135.00 | 27,530.00 | 25,630.00 | 24,746.00 |
Total Liabilities | 21,341.00 | 20,062.00 | 19,467.00 | 22,609.00 | 20,119.00 | 19,128.00 |
Total Net Assets | 10,723.00 | 11,400.00 | 7,668.00 | 4,921.00 | 5,511.00 | 5,618.00 |
Shareholders Funds | 10,559.00 | 11,215.00 | 7,436.00 | 4,643.00 | 5,407.00 | 5,546.00 |
Minority Interests | 81.00 | 102.00 | 78.00 | 206.00 | 48.00 | 39.00 |
Total Equity | 10,723.00 | 11,400.00 | 7,668.00 | 4,921.00 | 5,511.00 | 5,618.00 |
Outlook
Broker View
Data shown is based on the past 75 days of broker views.
ActionBrokers |
Strong Buy7 |
Buy6 |
Neutral7 |
Sell1 |
Strong Sell0 |
---|---|---|---|---|---|
Brokers | 7 | 6 | 7 | 1 | 0 |
Consensus |
ConsensusBuy |
Not advice based on your circumstances. Does not constitute a recommendation to buy or sell this or any other security. Selected data supplied by Digital Look® Read more.
Forecasts
Year | 2024 | 2025 | 2026 |
---|---|---|---|
Revenue | £27,811.50mn | £29,684.00mn | £31,777.90mn |
Pre-tax-Profit | £3,027.86mn | £3,314.15mn | £3,551.67mn |
EPS | £0.68p | £0.75p | £0.82p |
EPS Growth | 7.16% | 11.28% | 8.93% |
P/E | 19.11 | 17.29 | 15.87 |
PEG Ratio | 2.67 | 1.53 | 1.78 |
Dividend | 32.30p | 35.13p | 38.16p |
Yield | 0.00% | 0.00% | 0.00% |
Upgrades & Downgrades (Latest)
Date | Broker | Recommendation | Price | Old Target | New Target | Change |
---|---|---|---|---|---|---|
12th Mar 2024 | Barclays | Reiteration | 1282p | 1250p | 1450p | Overweight |
8th Mar 2024 | Citigroup | Restart Coverage | 1258p | 0p | 1400p | Neutral |
22nd Feb 2024 | JP Morgan Cazenove | Reiteration | 1232p | 1300p | 1400p | Overweight |
21st Feb 2024 | Shore Capital | Reiteration | 1241p | 0p | 0p | Buy |
21st Feb 2024 | Berenberg Bank | Reiteration | 1241p | 0p | 1220p | Buy |
19th Dec 2023 | Berenberg Bank | Reiteration | 1065p | 1170p | 1220p | Buy |
17th Nov 2023 | JP Morgan Cazenove | Reiteration | 1056p | 0p | 0p | Overweight |
13th Nov 2023 | Shore Capital | Reiteration | 1108p | 0p | 0p | Buy |
13th Nov 2023 | Berenberg Bank | Reiteration | 1108p | 0p | 1170p | Buy |
29th Sep 2023 | Berenberg Bank | Upgrade | 998p | 1050p | 1170p | Buy |
Time & Sales
All prices are in GBX and times are in GMT. Last 20 trades shown. Trade type is estimated and should be treated as indicative only.
Date | Time | Price | Volume | Type |
---|---|---|---|---|
28 Mar 2024 | 17:28 | 1,349.963 | 13,071 | Sell |
28 Mar 2024 | 17:28 | 1,351.836 | 355 | Buy |
28 Mar 2024 | 17:27 | 1,349.365 | 1,814 | Sell |
Selected data supplied by Thomson Reuters © View restrictions.