Professional
Added to YB: 2024-12-12
Pitch date: 2024-11-28
BAB.L [bullish]
Babcock International Group PLC
+144%
current return
Author Info
No bio for this author
Company Info
Babcock International Group PLC, together with its subsidiaries, engages in the design, development, manufacture, and integration of specialist systems for aerospace, defense, and security in the United Kingdom, rest of Europe, Africa, North America, Australasia, and internationally.
Market Cap
GBP 3.5B
Pitch Price
GBP 5.16
Price Target
N/A
Dividend
0.77%
EV/EBITDA
9.63
P/E
18.29
EV/Sales
0.83
Sector
Aerospace and Defense
Category
turnaround
Hosking Partners Portfolio Holding: Babcock International Group PLC
BAB.L: UK defense co., new mgmt since 2020. Key assets: nuclear sub maintenance, dockyards. Renegotiated contracts to cost-plus model, de-risking revenue. Turnaround story with balance sheet cleanup, pension resolution. Unique position in UK naval maintenance. Geopolitical tensions driving re-examination of defense sector.
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