BAE Systems (BA.)

Sector:

Defense and Aeronautics

Index:

FTSE 100

798.20p
   
  • Change Today:
    -1.40p
  • 52 Week High: 838.40p
  • 52 Week Low: 528.80p
  • Currency: UK Pounds
  • Shares Issued: 3,137.79m
  • Volume: 3,400,707
  • Market Cap: £25,046m
  • RiskGrade: 108

Dividend Data

  31-Dec-2131-Dec-2031-Dec-1931-Dec-1831-Dec-17
Interim Dividend9.90p13.80p9.40p9.00p8.80p
Final Dividend15.20p14.30pn/a13.20p13.00p
Total Dividend25.10p37.50p9.40p22.20p21.80p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-17
Continuing Operations          
Revenue 19,521.00 19,277.00 18,305.00 16,821.00 17,224.00
Operating Profit/(Loss) 2,250.00 1,861.00 1,731.00 1,465.00 1,312.00
Net Interest (279.00) (334.00) (273.00) (381.00) (346.00)
Profit Before Tax 2,110.00 1,596.00 1,626.00 1,224.00 1,073.00
Profit After Tax 1,912.00 1,371.00 1,532.00 1,033.00 857.00
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 1,912.00 1,371.00 1,532.00 1,033.00 857.00
Attributable to:          
Equity Holders of Parent Company 1,758.00 1,299.00 1,476.00 1,000.00 827.00
Minority Interests 154.00 72.00 56.00 33.00 30.00
           
Continuing EPS          
Earnings per Share - Basic 55.20p 40.70p 46.40p 31.30p 26.00p
Earnings per Share - Diluted 54.70p 40.50p 46.10p 31.20p 25.90p
Earnings per Share - Adjusted 47.80p 44.30p 45.80p 42.90p 42.10p
Continuing and Discontinued EPS          
Earnings per Share - Basic 55.20p 40.70p 46.40p 31.30p 26.00p
Earnings per Share - Diluted 54.70p 40.50p 46.10p 31.20p 25.90p
Earnings per Share - Adjusted 47.80p 44.30p 45.80p 42.90p 42.10p
           
Dividend per Share 25.10p 37.50p 9.40p 22.20p 21.80p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-17
Assets          
Non-Current Assets          
Property, Plant & Equipment 3,943.00 3,708.00 3,575.00 2,365.00 2,230.00
Intangible Assets 11,716.00 11,745.00 10,371.00 10,658.00 10,378.00
Investment Properties 67.00 128.00 137.00 98.00 101.00
Investments 630.00 409.00 441.00 442.00 328.00
Other Financial Assets 305.00 248.00 350.00 245.00 226.00
Other Non-Current Assets 1,656.00 1,886.00 1,512.00 1,362.00 1,391.00
  18,317.00 18,124.00 16,386.00 15,170.00 14,654.00
Current Assets          
Inventories 811.00 858.00 835.00 774.00 733.00
Trade & Other Receivables 4,825.00 5,491.00 5,458.00 5,177.00 4,244.00
Cash at Bank & in Hand 2,917.00 2,768.00 2,587.00 3,232.00 3,271.00
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 265.00 289.00 364.00 393.00 135.00
  8,818.00 9,406.00 9,244.00 9,576.00 8,383.00
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 27,135.00 27,530.00 25,630.00 24,746.00 23,037.00
           
Liabilities          
Current Liabilities          
Borrowings 669.00 703.00 615.00 785.00 14.00
Other Current Liabilities 8,027.00 8,680.00 8,518.00 8,500.00 7,580.00
  8,696.00 9,383.00 9,133.00 9,285.00 7,594.00
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 5,687.00 5,977.00 4,136.00 3,514.00 4,069.00
Provisions 408.00 386.00 385.00 427.00 439.00
Other Non-Current Liabilities 4,676.00 6,863.00 6,465.00 5,902.00 6,180.00
  10,771.00 13,226.00 10,986.00 9,843.00 10,688.00
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 19,467.00 22,609.00 20,119.00 19,128.00 18,282.00
           
Net Assets 7,668.00 4,921.00 5,511.00 5,618.00 4,755.00
           
Capital & Reserves          
Share Capital 85.00 87.00 87.00 87.00 87.00
Share Premium Account 1,252.00 1,249.00 1,249.00 1,249.00 1,249.00
Other Reserves 5,887.00 5,923.00 6,156.00 6,481.00 6,090.00
Retained Earnings 212.00 (2,616.00) (2,085.00) (2,271.00) (2,714.00)
Shareholders Funds 7,436.00 4,643.00 5,407.00 5,546.00 4,712.00
           
Minority Interests/Other Equity 232.00 278.00 104.00 72.00 43.00
Total Equity 7,668.00 4,921.00 5,511.00 5,618.00 4,755.00
Cash Flow 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-17
Net Cash Flow From Operating Activities 2,447.00 1,166.00 1,597.00 1,200.00 1,897.00
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 66.00 (2,037.00) (232.00) (358.00) (360.00)
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 (2,256.00) 973.00 (1,962.00) (915.00) (995.00)
Net Increase/Decrease In Cash 257.00 102.00 (597.00) (73.00) 542.00
Ratios - based on IFRS 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-17
Continuing Operations          
PE Ratio - Adjusted 11.5 11.0 12.3 10.7 13.6
PEG - Adjusted 1.4 n/a 1.8 5.4 3.4
Earnings per Share Growth - Adjusted 8% -3% 7% 2% 4%
Dividend Cover 1.90 1.18 4.87 1.93 1.93
Revenue per Share 6.18p 604.11p 575.09p 526.97p 541.29p
Pre-Tax Profit per Share 0.67p 50.02p 51.08p 38.35p 33.72p
Operating Margin 11.53% 9.65% 9.46% 8.71% 7.62%
Return on Capital Employed 0.89% 797.52% 688.04% n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 1,139.5 11.0 12.3 10.7 13.6
PEG - Adjusted n/a n/a 1.8 5.4 3.4
Earnings per Share Growth - Adjusted -99% -3% 7% 2% 4%
Dividend Cover 0.02 1.18 4.87 1.93 1.93
           
Dividend Yield 4.6% 7.7% 1.7% 4.8% 3.8%
Dividend per Share Growth (33.07%) 298.94% (57.66%) 1.83% 2.35%
Operating Cash Flow per Share 76.78p 36.54p 50.17p 37.59p 59.62p
Cash Incr/Decr per Share 0.081p 3.20p (18.76p) (2.29p) 17.03p
Net Asset Value per Share (exc. Intangibles) (127.02p) (213.85p) (152.69p) (157.90p) (176.71p)
Net Gearing 46.25% 84.26% 40.02% 19.24% 17.23%

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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