Added to YB: 2024-10-14
Pitch date: 2024-10-12
BA.L [neutral]
BAE Systems plc
+37.15%
current return
Author Info
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Company Info
BAE Systems plc provides defense, aerospace, and security solutions in the United States, the United Kingdom, the Middle East, Australia, Japan, Europe, and internationally.
Market Cap
GBP 58.2B
Pitch Price
GBP 12.35
Price Target
N/A
Dividend
1.75%
EV/EBITDA
17.23
P/E
29.97
EV/Sales
2.40
Sector
Aerospace and Defense
Category
growth
BAE Systems (BA.L) Equity Research Report
BA.L (H1 results overview): Leading defence contractor w/ £74.1B backlog. H1 2024: sales +13% YoY, EBIT +13%, EPS +7%. Diverse portfolio across air, maritime, land, cyber. Strong relationships w/ US, UK, Saudi govts. Ball Aerospace acquisition enhances space capabilities. Upgraded 2024 guidance: 12-14% growth. Progressive dividend policy, 8% interim increase.
Read full article (17 min)