BAE Systems (BA.)

Sector:

Defense and Aeronautics

Index:

FTSE 100

2,023.00p
   
  • Change Today:
      4.00p
  • 52 Week High: 2,330.00
  • 52 Week Low: 1,609.50
  • Currency: UK Pounds
  • Shares Issued: 3,009.13m
  • Volume: 11,572,945
  • Market Cap: £60,875m
  • RiskGrade: 108
  • Beta: 0.01

Dividend Data

  31-Dec-2531-Dec-2431-Dec-2331-Dec-2231-Dec-21
Interim Dividend13.50p12.40p11.50p10.40pn/a
Final Dividend22.80p20.60p18.50p16.60pn/a
Total Dividend13.50p33.00p30.00p27.00pn/a
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Continuing Operations          
Revenue 28,336.00 26,312.00 23,078.00 21,258.00 19,521.00
Operating Profit/(Loss) 2,925.00 2,685.00 2,573.00 2,204.00 2,250.00
Net Interest (353.00) (353.00) (247.00) (395.00) (279.00)
Profit Before Tax 2,572.00 2,332.00 2,326.00 1,989.00 2,110.00
Profit After Tax 2,151.00 2,041.00 1,940.00 1,674.00 1,912.00
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 2,151.00 2,041.00 1,940.00 1,674.00 1,912.00
Attributable to:          
Equity Holders of Parent Company 2,062.00 1,956.00 1,857.00 1,591.00 1,758.00
Minority Interests 89.00 85.00 83.00 83.00 154.00
           
Continuing EPS          
Earnings per Share - Basic 68.80p 64.90p 61.30p 51.10p 55.20p
Earnings per Share - Diluted 68.00p 64.10p 60.40p 50.50p 54.70p
Earnings per Share - Adjusted 75.20p 68.50p 63.20p 55.50p 47.80p
Continuing and Discontinued EPS          
Earnings per Share - Basic 68.80p 64.90p 61.30p 51.10p 55.20p
Earnings per Share - Diluted 68.00p 64.10p 60.40p 50.50p 54.70p
Earnings per Share - Adjusted 75.20p 68.50p 63.20p 55.50p 47.80p
           
Dividend per Share 36.30p 33.00p 30.00p 27.00p 25.10p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Assets          
Non-Current Assets          
Property, Plant & Equipment 6,798.00 6,598.00 4,946.00 4,660.00 3,943.00
Intangible Assets 15,245.00 16,262.00 12,099.00 12,644.00 11,716.00
Investment Properties 37.00 38.00 57.00 63.00 67.00
Investments 822.00 906.00 916.00 886.00 630.00
Other Financial Assets 232.00 265.00 227.00 322.00 305.00
Other Non-Current Assets 2,398.00 2,320.00 2,046.00 2,253.00 1,656.00
  25,532.00 26,389.00 20,291.00 20,828.00 18,317.00
Current Assets          
Inventories 1,384.00 1,324.00 1,156.00 976.00 811.00
Trade & Other Receivables 3,125.00 2,914.00 6,185.00 6,166.00 4,825.00
Cash at Bank & in Hand 3,438.00 3,378.00 4,067.00 3,107.00 2,917.00
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 4,200.00 4,137.00 365.00 385.00 265.00
  12,147.00 11,753.00 11,773.00 10,634.00 8,818.00
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 37,679.00 38,142.00 32,064.00 31,462.00 27,135.00
           
Liabilities          
Current Liabilities          
Borrowings 348.00 882.00 826.00 294.00 669.00
Other Current Liabilities 11,955.00 11,460.00 10,117.00 9,552.00 8,027.00
  12,303.00 12,342.00 10,943.00 9,846.00 8,696.00
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 8,703.00 9,371.00 5,705.00 6,564.00 5,687.00
Provisions 415.00 377.00 342.00 343.00 408.00
Other Non-Current Liabilities 4,321.00 4,275.00 4,351.00 3,309.00 4,676.00
  13,439.00 14,023.00 10,398.00 10,216.00 10,771.00
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 25,742.00 26,365.00 21,341.00 20,062.00 19,467.00
           
Net Assets 11,937.00 11,777.00 10,723.00 11,400.00 7,668.00
           
Capital & Reserves          
Share Capital 79.00 80.00 81.00 82.00 85.00
Share Premium Account 1,253.00 1,253.00 1,253.00 1,252.00 1,252.00
Other Reserves 5,881.00 6,447.00 6,403.00 6,951.00 5,887.00
Retained Earnings 4,571.00 3,836.00 2,822.00 2,930.00 212.00
Shareholders Funds 11,784.00 11,616.00 10,559.00 11,215.00 7,436.00
           
Minority Interests/Other Equity 153.00 161.00 164.00 185.00 232.00
Total Equity 11,937.00 11,777.00 10,723.00 11,400.00 7,668.00
Cash Flow 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Net Cash Flow From Operating Activities 3,432.00 3,925.00 3,760.00 2,839.00 2,447.00
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) (5,269.00) (541.00) (422.00) 66.00
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 (2,774.00) 695.00 (2,188.00) (2,333.00) (2,256.00)
Net Increase/Decrease In Cash 117.00 (649.00) 1,031.00 84.00 257.00
Ratios - based on IFRS 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Continuing Operations          
PE Ratio - Adjusted 22.8 16.8 17.6 15.4 11.5
PEG - Adjusted 2.3 2.1 1.3 1.0 1.4
Earnings per Share Growth - Adjusted 10% 8% 14% 16% 8%
Dividend Cover 2.07 2.08 2.11 2.06 1.90
Revenue per Share 941.67p 873.28p 761.40p 683.10p 612.52p
Pre-Tax Profit per Share 85.47p 77.40p 76.74p 63.91p 66.21p
Operating Margin 10.32% 10.20% 11.15% 10.37% 11.53%
Return on Capital Employed 47.50% 43.69% 46.81% 40.02% 87.96%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 22.8 16.8 17.6 15.4 11.5
PEG - Adjusted 2.3 2.1 1.3 1.0 1.4
Earnings per Share Growth - Adjusted 10% 8% 14% 16% 8%
Dividend Cover 2.07 2.08 2.11 2.06 1.90
           
Dividend Yield 2.1% 2.9% 2.7% 3.2% 4.6%
Dividend per Share Growth 10.00% 10.00% 11.11% 7.57% (33.07%)
Operating Cash Flow per Share 114.05p 130.27p 124.05p 91.23p 76.78p
Cash Incr/Decr per Share 3.89p (21.54p) 34.02p 2.70p 8.06p
Net Asset Value per Share (exc. Intangibles) (109.93p) (148.85p) (45.40p) (39.97p) (127.02p)
Net Gearing 47.63% 59.19% 23.34% 33.45% 46.25%

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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