BAE Systems (BA.)

Sector:

Defense and Aeronautics

Index:

FTSE 100

1,325.00p
   
  • Change Today:
      25.00p
  • 52 Week High: 1,400.00p
  • 52 Week Low: 1,019.00p
  • Currency: UK Pounds
  • Shares Issued: 3,019.51m
  • Volume: 4,275,128
  • Market Cap: £40,008m
  • RiskGrade: 108
  • Beta: 0.86

Dividend Data

  31-Dec-2331-Dec-2231-Dec-2131-Dec-2031-Dec-19
Interim Dividend11.50p10.40p9.90p13.80p9.40p
Final Dividend18.50p16.60p15.20p14.30pn/a
Total Dividend30.00p27.00p25.10p37.50p9.40p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 23,078.00 21,258.00 19,521.00 19,277.00 18,305.00
Operating Profit/(Loss) 2,365.00 2,204.00 2,250.00 1,861.00 1,731.00
Net Interest (247.00) (395.00) (279.00) (334.00) (273.00)
Profit Before Tax 2,326.00 1,989.00 2,110.00 1,596.00 1,626.00
Profit After Tax 1,940.00 1,674.00 1,912.00 1,371.00 1,532.00
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 1,940.00 1,674.00 1,912.00 1,371.00 1,532.00
Attributable to:          
Equity Holders of Parent Company 1,857.00 1,591.00 1,758.00 1,299.00 1,476.00
Minority Interests 83.00 83.00 154.00 72.00 56.00
           
Continuing EPS          
Earnings per Share - Basic 61.30p 51.10p 55.20p 40.70p 46.40p
Earnings per Share - Diluted 60.40p 50.50p 54.70p 40.50p 46.10p
Earnings per Share - Adjusted 63.20p 55.50p 47.80p 44.30p 45.80p
Continuing and Discontinued EPS          
Earnings per Share - Basic 61.30p 51.10p 55.20p 40.70p 46.40p
Earnings per Share - Diluted 60.40p 50.50p 54.70p 40.50p 46.10p
Earnings per Share - Adjusted 63.20p 55.50p 47.80p 44.30p 45.80p
           
Dividend per Share 30.00p 27.00p 25.10p 37.50p 9.40p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Assets          
Non-Current Assets          
Property, Plant & Equipment 4,946.00 4,660.00 3,943.00 3,708.00 3,575.00
Intangible Assets 12,099.00 12,644.00 11,716.00 11,745.00 10,371.00
Investment Properties 57.00 63.00 67.00 128.00 137.00
Investments 916.00 886.00 630.00 409.00 441.00
Other Financial Assets 227.00 322.00 305.00 248.00 350.00
Other Non-Current Assets 2,046.00 2,253.00 1,656.00 1,886.00 1,512.00
  20,291.00 20,828.00 18,317.00 18,124.00 16,386.00
Current Assets          
Inventories 1,156.00 976.00 811.00 858.00 835.00
Trade & Other Receivables 6,185.00 6,166.00 4,825.00 5,491.00 5,458.00
Cash at Bank & in Hand 4,067.00 3,107.00 2,917.00 2,768.00 2,587.00
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 365.00 385.00 265.00 289.00 364.00
  11,773.00 10,634.00 8,818.00 9,406.00 9,244.00
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 32,064.00 31,462.00 27,135.00 27,530.00 25,630.00
           
Liabilities          
Current Liabilities          
Borrowings 826.00 294.00 669.00 703.00 615.00
Other Current Liabilities 10,117.00 9,552.00 8,027.00 8,680.00 8,518.00
  10,943.00 9,846.00 8,696.00 9,383.00 9,133.00
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 5,705.00 6,564.00 5,687.00 5,977.00 4,136.00
Provisions 342.00 343.00 408.00 386.00 385.00
Other Non-Current Liabilities 4,351.00 3,309.00 4,676.00 6,863.00 6,465.00
  10,398.00 10,216.00 10,771.00 13,226.00 10,986.00
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 21,341.00 20,062.00 19,467.00 22,609.00 20,119.00
           
Net Assets 10,723.00 11,400.00 7,668.00 4,921.00 5,511.00
           
Capital & Reserves          
Share Capital 81.00 82.00 85.00 87.00 87.00
Share Premium Account 1,253.00 1,252.00 1,252.00 1,249.00 1,249.00
Other Reserves 6,403.00 6,951.00 5,887.00 5,923.00 6,156.00
Retained Earnings 2,822.00 2,930.00 212.00 (2,616.00) (2,085.00)
Shareholders Funds 10,559.00 11,215.00 7,436.00 4,643.00 5,407.00
           
Minority Interests/Other Equity 164.00 185.00 232.00 278.00 104.00
Total Equity 10,723.00 11,400.00 7,668.00 4,921.00 5,511.00
Cash Flow 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Cash Flow From Operating Activities 3,760.00 2,839.00 2,447.00 1,166.00 1,597.00
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities (541.00) (422.00) 66.00 (2,037.00) (232.00)
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (2,188.00) (2,333.00) (2,256.00) 973.00 (1,962.00)
Net Increase/Decrease In Cash 1,031.00 84.00 257.00 102.00 (597.00)
Ratios - based on IFRS 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
PE Ratio - Adjusted 17.6 15.4 11.5 11.0 12.3
PEG - Adjusted 1.3 1.0 1.4 n/a 1.8
Earnings per Share Growth - Adjusted 14% 16% 8% -3% 7%
Dividend Cover 2.11 2.06 1.90 1.18 4.87
Revenue per Share 761.40p 683.10p 6.18p 604.11p 575.09p
Pre-Tax Profit per Share 76.74p 63.91p 0.67p 50.02p 51.08p
Operating Margin 10.25% 10.37% 11.53% 9.65% 9.46%
Return on Capital Employed 46.81% 40.02% 0.89% 797.52% 688.04%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 17.6 15.4 1,139.5 11.0 12.3
PEG - Adjusted 1.3 0.0 n/a n/a 1.8
Earnings per Share Growth - Adjusted 14% 11,403% -99% -3% 7%
Dividend Cover 2.11 2.06 0.02 1.18 4.87
           
Dividend Yield 2.7% 3.2% 4.6% 7.7% 1.7%
Dividend per Share Growth 11.11% 7.57% (33.07%) 298.94% (57.66%)
Operating Cash Flow per Share 124.05p 91.23p 76.78p 36.54p 50.17p
Cash Incr/Decr per Share 34.02p 2.70p 0.081p 3.20p (18.76p)
Net Asset Value per Share (exc. Intangibles) (45.40p) (39.97p) (127.02p) (213.85p) (152.69p)
Net Gearing 23.34% 33.45% 46.25% 84.26% 40.02%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Forecast figures based on normalised accounts.

 

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