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BAE Systems

Current Price 1336.50p Bid 1336.50p Ask 1337.00p Change -3.15%
Last Updated: 15/06/2024 22:40. Prices delayed by at least 15 minutes.
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Company Overview

At BAE Systems, we provide some of the world's most advanced, technology-led defence, aerospace and security solutions. We employ a skilled workforce of 93,100 people in around 40 countries. Working with customers and local partners, we develop, engineer, manufacture, and support products and systems to deliver military capability, protect national security, and keep critical information and infrastructure secure.

Financial Highlights Year Ended 31/12/2023

Revenue
£23,078.00m
Operating Profit/Loss
£2,365.00m
Dividend yield (%)
2.70
Total dividend for year
n/ap
Dividend cover
2.11
P/E Ratio
17.60

Key Personnel

Mr Charles Woodburn
Chief Executive Officer
Mr Tom Arseneault
Executive Director
Mr Brad Greve
Group Finance Director
Dr Ewan Kirk
Non-Executive Director
Mr Angus Cockburn
Non-Executive Director
Mr Crystal E. Ashby
Non-Executive Director
Mr Lord Sedwill
Non-Executive Director
Mr Nick Anderson
Non-Executive Director
Mr Stephen Pearce
Non-Executive Director
Mrs Jane Griffiths
Non-Executive Director
Mrs Nicole Piasecki
Non-Executive Director
Ms Cressida Hogg
Non-Executive Director
Ms Elizabeth Corley
Non-Executive Director

Stock Details

EPIC
BAL
ISIN
GB0002634946
Shares in Issue
3,166.03m
Market cap
£42,313.96m

Analyst Views (6)

Strong Buy
 
0%
Buy
 
83.33%
Hold
 
16.67%
Sell
 
0%
Strong Sell
 
0%
This information is provided by Web Financial Group (UK) Limited. It is subject to change without notice and doesn't reflect the views held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
1,336.50p
Bid Price
1,336.50p
Ask Price
1,337.00p
Volume
1,173,090
Change Today
-43.50p
% Change Today
-3.15%
Open
1,383.00p
Previous Close
1,336.50p
Intraday High
1,384.00p
Intraday Low
1,320.50p
52 Week High
1,399.75p
52 Week Low
888.60p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

News

London close: Stocks take a breather after last week's surge 13/05/2024 15:36:50 BofA Merrill Lynch downgrades BAE Systems 13/05/2024 12:59:29 BAE holds guidance, sees boost from global tensions 09/05/2024 07:02:55 BAE, QinetiQ could benefit from $95bn US aid package, says JPMorgan 22/04/2024 10:45:02 BAE Systems 'still riding high', says Deutsche Bank 12/04/2024 09:16:03 BAE Systems selected by Australian govt to build nuclear powered submarines 21/03/2024 15:05:27 Director dealings: BAE Systems chair makes share purchase 20/03/2024 15:02:11 Citi reinstates 'neutral' rating on BAE Systems 08/03/2024 12:56:46 London close: Stocks mixed ahead of Fed minutes, Nvidia results 21/02/2024 15:01:47 BAE beats forecasts, sees 10% sales rise amid global tensions 21/02/2024 07:26:36 BAE Systems gets regulatory approvals for £4.4bn Ball Aerospace deal 14/02/2024 13:14:10 London close: Stocks turn sour in afternoon trading 09/02/2024 15:15:23 London close: Stocks turn weaker ahead of busy week for earnings 29/01/2024 17:25:20 Air Astana set to raise $120m by floating in London and Kazakhstan 29/01/2024 07:51:48 London midday: Stocks reverse gains to turn lower at lunchtime 28/12/2023 12:27:27 Berenberg raises target price on BAE Systems 20/12/2023 09:22:51 BAE Systems secures $8.8bn US Army contract 13/12/2023 10:24:19 London close: Stocks make small gains on quiet Thursday 23/11/2023 16:09:17 JPMorgan lifts BAE Systems price target 23/11/2023 09:00:28 BAE Systems keeps guidance after strong third quarter 13/11/2023 07:16:35 London close: Stocks weaker amid Gaza tensions, hot US producer prices 11/10/2023 15:01:44 Broker tips: BAE Systems, BT, Future 02/10/2023 13:06:47 Berenberg upgrades BAE Systems to 'buy' 02/10/2023 12:33:06 BAE Systems secures £3.95bn funding for submarine contract 02/10/2023 10:41:13 Monday newspaper round-up: Rents,.Manufacturers, BAE Systems 18/09/2023 07:21:12

Income Statement

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Continuing Operations
Revenue
23,078.00
21,258.00
Operating Profit/Loss
2,365.00
2,204.00
Net Interest
-247.00
-395.00
Pre-Tax Profit
2,326.00
1,989.00
Profit After Tax from continuing operations
1,940.00
1,674.00
Discontinued Operations
Profit After Tax
n/a
n/a
Profit/Loss for the Year
1,940.00
1,674.00
Attributable to:
Equity Holders of Parent Company
1,857.00
1,591.00
Minority Interests
83.00
83.00
Total Dividend Paid
n/ap
n/ap
Retained Profit/(Loss) for the Financial Year
n/a
n/a

Earnings per Share

Year End Date
31 Dec 2023
31 Dec 2022
Basic
61.30p
51.10p
Diluted
60.40p
50.50p
Adjusted
63.20p
55.50p
Dividend per Share
n/ap
n/ap

Assets

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Non-Current Assets
Property, Plant & Equipment
4,946.00
4,660.00
Intangible Assets
12,099.00
12,644.00
Investment Properties
57.00
63.00
Investments
916.00
886.00
Other Financial Assets
227.00
322.00
Other Non-Current Assets
2,046.00
2,253.00
Current Assets
Inventories
1,156.00
976.00
Trade & Other Receivables
6,185.00
6,166.00
Cash at Bank & In Hand
4,067.00
3,107.00
Current Asset Investments
n/a
n/a
Other Current Assets
365.00
385.00
Other Assets
n/a
n/a
Total Assets
32,064.00
31,462.00

Liabilities

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Current Liabilities
Borrowings
826.00
294.00
Other Current Liabilities
10,117.00
9,552.00
Total Current Liabilities
10,943.00
9,846.00
Non-Current Liabilities
Borrowings
5,705.00
6,564.00
Provisions
342.00
343.00
Other Non-Current Liabilities
4,351.00
3,309.00
Total Non-Current Liabilities
10,398.00
10,216.00
Other Liabilities
n/a
n/a
Total Liabilities
21,341.00
20,062.00

Net Assets

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Net Assets
10,723.00
11,400.00

Capital & Reserves

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Share Capital
81.00
82.00
Share Premium Account
1,253.00
1,252.00
Other Reserves
6,403.00
6,951.00
Retained Earnings
2,822.00
2,930.00
Shareholders Funds
10,559.00
11,215.00
Minority Interests/Other Equity
164.00
185.00
Total Equity
10,723.00
11,400.00

Dividend History

Type
Ex-Dividend Date
Payment Date
Payment
Final
18 Apr 2024
03 Jun 2024
18.50p
Interim
19 Oct 2023
30 Nov 2023
11.50p
Final
20 Apr 2023
01 Jun 2023
16.60p
Interim
20 Oct 2022
30 Nov 2022
10.40p
Final
21 Apr 2022
01 Jun 2022
15.20p
Interim
21 Oct 2021
30 Nov 2021
9.90p
Final
22 Apr 2021
01 Jun 2021
14.30p
2nd Interim
22 Oct 2020
30 Nov 2020
9.40p
Interim
06 Aug 2020
14 Sep 2020
13.80p
Interim
17 Oct 2019
02 Dec 2019
9.40p
Final
18 Apr 2019
03 Jun 2019
13.20p
Interim
18 Oct 2018
30 Nov 2018
9.00p
Final
19 Apr 2018
01 Jun 2018
13.00p
Interim
19 Oct 2017
30 Nov 2017
8.80p
Final
20 Apr 2017
01 Jun 2017
12.70p
Interim
20 Oct 2016
30 Nov 2016
8.60p
Final
21 Apr 2016
01 Jun 2016
12.50p
Interim
22 Oct 2015
30 Nov 2015
8.40p

Dividend Metrics

Year End Date
31 Dec 2023
31 Dec 2022
Dividend growth
11.11%
7.57%
Dividend yield
2.70%
3.10%
Dividend cover
2.11
2.06


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