Stock · BA.L · Industrials
United Kingdom · Large Cap · listed since 1981 · Revenue 12 mo. £29.4B
Price as of 11/06/2026
BAE Systems plc provides defense, aerospace, and security solutions in the United States, the United Kingdom, the Middle East, Australia, Kingdom of Saudi Arabia, Europe, and internationally.
BAE Systems plc provides defense, aerospace, and security solutions in the United States, the United Kingdom, the Middle East, Australia, Kingdom of Saudi Arabia, Europe, and internationally. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial avionics, and precision guided solutions and communications systems, as well as space electronics, spacecraft, and ground and tactical systems. The Platforms & Services segment manufactures and sells combat vehicles, weapons, and munitions; and offers naval ship repair services, as well as operates and manages two government-owned and contractor-operated ammunition plants. The Air segment develops future combat air systems and falconworks alongside edgewing, and eurofighter and MBDA. The Maritime segment provides maritime and land services, including submarine, ship build, and support programs. The Cyber & Intelligence segment offers cyber security services for national security, central government, and government enterprises. The company was formerly known as British Aerospace plc and changed its name to BAE Systems plc in May 2000. BAE Systems plc was incorporated in 1979 and is headquartered in London, the United Kingdom.
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Summary
50.2 of 100
Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.
Analysis
What the price requires
If free cash flow stays at €2.8B (2025), it supports €31.7B. The remaining €32.9B of the market value assume it grows 10.0% a year for 10 years and not at all afterwards.
Required FCF growth per year
10.0%
no growth afterwards
Price to operating cash flow 10.3×, within its usual range.
Middle half of 20 quarters: 9.9× to 13.1×, median 11.3×.
Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.
with respect to the priced-in expectation
with respect to the priced-in expectation
No anomaly in the stored figures.
Since the last quarter
Q1 → Q3 2026
5 more unchanged: Revenue, 12 mo., Gross margin, EBIT margin, Shares outstanding, Return on equity
Derivation
Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.
Price as of 11/06/2026.
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Return on equity | 17.50% | 13.10% | Rank 66 |
| Return on capital (Greenblatt) | 38.39% | 19.33% | Rank 72 |
| EBIT margin | 9.21% | 11.28% | Rank 39 |
| FCF margin | 8.39% | 8.50% | Rank 50 |
| Gross margin | 26.39% | 28.98% | Rank 45 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Revenue growth, 1 year | 7.69% | 5.15% | Rank 63 |
| Earnings growth, 3 years per year | 10.47% | 8.01% | Rank 55 |
| Earnings growth, 5 years per year | 10.95% | 12.89% | Rank 42 |
| Sustainable growth (ROE × retained earnings) | 3.25% | 4.02% | Rank 41 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Earnings yield | 3.69% | 4.42% | Rank 38 |
| FCF yield | 4.41% | 3.98% | Rank 57 |
| EV/saleslower is better | 2.09 | 2.08 | Rank 49 |
| EV/EBITlower is better | 22.74 | 19.47 | Rank 38 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Share price, 1 year | −7.67% | −0.01% | Rank 38 |
| Share price, 6 months | −4.06% | −1.43% | Rank 44 |
| Share price, 3 months | −11.72% | 0.53% | Rank 22 |
| Distance from 52-week high | −20.81% | −16.36% | Rank 38 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Accruals (Sloan)lower is better | −0.84% | 1.39% | Rank 71 |
| Change in share countlower is better | −0.72% | −0.44% | Rank 56 |
| Dividend streak in years | 33 | 5 | Rank 98 |
| Price reaction to results, market-adjusted | 1.67% | 0.27% | Rank 63 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Equity ratio | 31.27% | 39.65% | Rank 29 |
| Net debt/EBITDAlower is better | 1.44 | 1.38 | Rank 49 |
| Debt to equitylower is better | 0.77 | 0.61 | Rank 42 |
| Volatility, 1 yearlower is better | 30.53% | 32.95% | Rank 56 |
Ten years in figures
| Year | Revenue, £B | EBIT margin | FCF | Shares | Net debt |
|---|---|---|---|---|---|
| 2016 | 17.8 | 8.3% | £821.0M | 3.19B | £1.7B |
| 2017 | 17.2 | 8.9% | £1.5B | 3.20B | £812.0M |
| 2018 | 16.8 | 9.1% | £842.0M | 3.20B | £1.1B |
| 2019 | 18.3 | 9.5% | £1.1B | 3.20B | £2.2B |
| 2020 | 19.3 | 8.8% | £689.0M | 3.21B | £3.9B |
| 2021 | 19.5 | 9.6% | £2.0B | 3.21B | £3.4B |
| 2022 | 21.3 | 9.6% | £2.1B | 3.15B | £3.8B |
| 2023 | 23.1 | 11.2% | £2.8B | 3.07B | £2.5B |
| 2024 | 26.3 | 10.2% | £2.8B | 3.05B | £6.8B |
| 2025 | 28.3 | 9.2% | £2.4B | 3.03B | £5.6B |
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Detail data
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The match with the 18 strategies checked is visible with Plus.
Selected fundamental metrics for BAE Systems plc.
| Metric | Stock | Sector |
|---|---|---|
| P/E ratio | 27.1 | 22.5 |
| P/B ratio | 4.7 | 2.9 |
| Return on equity (ROE) | 17.5% | 13.1% |
| Equity ratio | 31.3% | 39.7% |
| Debt-to-equity (D/E) | 0.77 | 0.61 |
| Dividend yield | 2.0% | 2.0% |
How comparable stocks in the same sector score in the StockScorer model.
| Symbol | Company | Rating |
|---|---|---|
| BA.L | BAE Systems plcthis page | |
| RR.L | Rolls-Royce Holdings PLC | locked |
| NOC | Northrop Grumman Corporation | locked |
| HWM | Howmet Aerospace Inc | locked |
| TDG | Transdigm Group Incorporated | locked |
| HO.PA | Thales S.A. | locked |
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Learn more about the metrics in the metrics glossary or all rated stocks in the stock overview.
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