BAE Systems (BA.)

Sector:

Defense and Aeronautics

Index:

FTSE 100

1,585.50p
   
  • Change Today:
      26.00p
  • 52 Week High: 1,673.00p
  • 52 Week Low: 1,145.00p
  • Currency: UK Pounds
  • Shares Issued: 3,013.30m
  • Volume: 4,888,115
  • Market Cap: £47,776m
  • RiskGrade: 108
  • Beta: 0.02

Dividend Data

  31-Dec-2431-Dec-2331-Dec-2231-Dec-2131-Dec-20
Interim Dividend12.40p11.50p10.40p9.90p13.80p
Final Dividend20.60p18.50p16.60p15.20pn/a
Total Dividend33.00p30.00p27.00p25.10p37.50p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Continuing Operations          
Revenue 26,312.00 23,078.00 21,258.00 19,521.00 19,277.00
Operating Profit/(Loss) 2,685.00 2,573.00 2,204.00 2,250.00 1,861.00
Net Interest (353.00) (247.00) (395.00) (279.00) (334.00)
Profit Before Tax 2,332.00 2,326.00 1,989.00 2,110.00 1,596.00
Profit After Tax 2,041.00 1,940.00 1,674.00 1,912.00 1,371.00
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 2,041.00 1,940.00 1,674.00 1,912.00 1,371.00
Attributable to:          
Equity Holders of Parent Company 1,956.00 1,857.00 1,591.00 1,758.00 1,299.00
Minority Interests 85.00 83.00 83.00 154.00 72.00
           
Continuing EPS          
Earnings per Share - Basic 64.90p 61.30p 51.10p 55.20p 40.70p
Earnings per Share - Diluted 64.10p 60.40p 50.50p 54.70p 40.50p
Earnings per Share - Adjusted 68.50p 63.20p 55.50p 47.80p 44.30p
Continuing and Discontinued EPS          
Earnings per Share - Basic 64.90p 61.30p 51.10p 55.20p 40.70p
Earnings per Share - Diluted 64.10p 60.40p 50.50p 54.70p 40.50p
Earnings per Share - Adjusted 68.50p 63.20p 55.50p 47.80p 44.30p
           
Dividend per Share 33.00p 30.00p 27.00p 25.10p 37.50p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Assets          
Non-Current Assets          
Property, Plant & Equipment 6,598.00 4,946.00 4,660.00 3,943.00 3,708.00
Intangible Assets 16,262.00 12,099.00 12,644.00 11,716.00 11,745.00
Investment Properties 38.00 57.00 63.00 67.00 128.00
Investments 906.00 916.00 886.00 630.00 409.00
Other Financial Assets 265.00 227.00 322.00 305.00 248.00
Other Non-Current Assets 2,320.00 2,046.00 2,253.00 1,656.00 1,886.00
  26,389.00 20,291.00 20,828.00 18,317.00 18,124.00
Current Assets          
Inventories 1,324.00 1,156.00 976.00 811.00 858.00
Trade & Other Receivables 6,663.00 6,185.00 6,166.00 4,825.00 5,491.00
Cash at Bank & in Hand 3,378.00 4,067.00 3,107.00 2,917.00 2,768.00
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 388.00 365.00 385.00 265.00 289.00
  11,753.00 11,773.00 10,634.00 8,818.00 9,406.00
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 38,142.00 32,064.00 31,462.00 27,135.00 27,530.00
           
Liabilities          
Current Liabilities          
Borrowings 882.00 826.00 294.00 669.00 703.00
Other Current Liabilities 11,460.00 10,117.00 9,552.00 8,027.00 8,680.00
  12,342.00 10,943.00 9,846.00 8,696.00 9,383.00
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 9,371.00 5,705.00 6,564.00 5,687.00 5,977.00
Provisions 377.00 342.00 343.00 408.00 386.00
Other Non-Current Liabilities 4,275.00 4,351.00 3,309.00 4,676.00 6,863.00
  14,023.00 10,398.00 10,216.00 10,771.00 13,226.00
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 26,365.00 21,341.00 20,062.00 19,467.00 22,609.00
           
Net Assets 11,777.00 10,723.00 11,400.00 7,668.00 4,921.00
           
Capital & Reserves          
Share Capital 80.00 81.00 82.00 85.00 87.00
Share Premium Account 1,253.00 1,253.00 1,252.00 1,252.00 1,249.00
Other Reserves 6,447.00 6,403.00 6,951.00 5,887.00 5,923.00
Retained Earnings 3,836.00 2,822.00 2,930.00 212.00 (2,616.00)
Shareholders Funds 11,616.00 10,559.00 11,215.00 7,436.00 4,643.00
           
Minority Interests/Other Equity 161.00 164.00 185.00 232.00 278.00
Total Equity 11,777.00 10,723.00 11,400.00 7,668.00 4,921.00
Cash Flow 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Net Cash Flow From Operating Activities 3,925.00 3,760.00 2,839.00 2,447.00 1,166.00
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 (5,269.00) (541.00) (422.00) 66.00 (2,037.00)
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 695.00 (2,188.00) (2,333.00) (2,256.00) 973.00
Net Increase/Decrease In Cash (649.00) 1,031.00 84.00 257.00 102.00
Ratios - based on IFRS 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Continuing Operations          
PE Ratio - Adjusted 16.8 17.6 15.4 11.5 11.0
PEG - Adjusted 2.1 1.3 1.0 1.4 n/a
Earnings per Share Growth - Adjusted 8% 14% 16% 8% -3%
Dividend Cover 2.08 2.11 2.06 1.90 1.18
Revenue per Share 873.28p 761.40p 683.10p 6.18p 604.11p
Pre-Tax Profit per Share 77.40p 76.74p 63.91p 0.67p 50.02p
Operating Margin 10.20% 11.15% 10.37% 11.53% 9.65%
Return on Capital Employed 43.69% 46.81% 40.02% 0.89% 797.52%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 16.8 17.6 15.4 1,139.5 11.0
PEG - Adjusted 2.1 1.3 0.0 n/a n/a
Earnings per Share Growth - Adjusted 8% 14% 11,403% -99% -3%
Dividend Cover 2.08 2.11 2.06 0.02 1.18
           
Dividend Yield 2.9% 2.7% 3.2% 4.6% 7.7%
Dividend per Share Growth 10.00% 11.11% 7.57% (33.07%) 298.94%
Operating Cash Flow per Share 130.27p 124.05p 91.23p 76.78p 36.54p
Cash Incr/Decr per Share (21.54p) 34.02p 2.70p 0.081p 3.20p
Net Asset Value per Share (exc. Intangibles) (148.85p) (45.40p) (39.97p) (127.02p) (213.85p)
Net Gearing 59.19% 23.34% 33.45% 46.25% 84.26%

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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