BAE Systems PLC

BAE Systems is a defense, aerospace and security solutions provider. Co. supplies defense equipment, electronics and services, and cyber, intelligence and security solutions for governments and commercial markets. Co.'s offerings include the: manufacture of Typhoon assemblies for European partner nations and other export customers; design and manufacture of sub-assemblies in the U.K. and provision of equipment in the U.S.; development of future air system capabilities, including unmanned air systems; maintenance, support and training for Typhoon aircraft in service with the U.K. and Saudi Arabian air forces; and design, manufacture and support of defense and commercial avionics equipment.
  • TickerBA.
  • ISINGB0002634946
  • ExchangeLondon Stock Exchange
  • SectorAerospace & Defense
  • CountryUnited Kingdom

Analysts

Fatma Ayachi ...
  • Olfa Taamallah
  • Yan Derocles

ODDO : 2019 Paris Air Show: fails to hit the heights!

While the 2019 Paris Air Show ended on a lacklustre note in terms of orders, it was marked by the launch of the A321XLR (which complicates the equation for the NMA) and the shelving of a rapid increase in production rates to 70 aircraft per month (a relief for the supply chain). Our hierarchy of recommendations is unchanged and we continue to prefer engine makers with MTU our Top Pick (Buy - € 220). - >A disappointing show - The 2019 Paris Air Show ended on an even low...

Fatma Ayachi ...
  • Olfa Taamallah
  • Yan Derocles

ODDO : Le Bourget 2019 : ça ne vole pas très haut !

Si le salon du Bourget 2019 se clôture comme attendu sur un terne bilan commercial, il reste marqué par le lancement de l’A321XLR (complique l’équation du NMA) et l’abandon d’une hausse rapide des cadences à 70 a/c par mois (un soulagement pour la chaine fournisseurs). Notre hiérarchie de recommandations est inchangée et nous continuons de favoriser les motoristes avec une préférence pour MTU (Achat – 220 €). - >Un salon en demi-teinte - Le millésime 2019 du salon du B...

Denise Molina

Morningstar | BA. Updated Forecasts and Estimates from 17 Jun 2019

Narrow-moat BAE Systems reported mixed 2018 results, roughly in line at the group level but with some divisional underperformance on margins. We are maintaining our GBX 630 and $33 fair value estimates for the local and ADR shares, respectively. Electronic systems, with the highest division margins and contributing 30%-plus of group cash flow, delivered in-line results and its  steady performance should continue in 2019 with 70% of revenue in the order backlog. The division, which provides electronic warfare systems (for example, the use of radar to disrupt or deceive an enemy's own radar),...

Antoine Boivin-Champeaux ...
  • Florent Laroche-Joubert
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 06/11/2019

Following our ODDO BHF Nextcap Forum, 44 French and German companies met close to 100 investors in Paris. In the complex small caps market (outflows, limited liquidity, persistently high valuations) and in a more uncertain macroeconomic environment, selectivity is paramount and a number of opportunities are taking shape. We compile 35 feedback articles in the present document, which give rise to six target price revisions: i/ three upward (Esker, ECA, Groupe Gorge), and ii/ three down...

Antoine Boivin-Champeaux ...
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Pierre Corby
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/11/2019

...

BAE Systems plc: Update to Key Rating Factors After Affirmation of BAE's Baa2 Rating

CORPORATES CREDIT OPINION 2 May 2017 Update RATINGS BAE SYSTEMS plc Domicile United Kingdom Long Term Rating Baa2 Type LT Issuer Rating Outlook Stable Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Jeanine Arnold 49-69-70730-789 VP-Senior Analyst [email protected] Matthias

BAE SYSTEMS plc - December 2016 (LTM): Peer Snapshot

Peer Snapshot: BAE SYSTEMS plc - December 2016 (LTM) 5 April 2017 (in US millions) FYE Dec-14 FYE Dec-15 LTM Dec-16 FYE Dec-14 FYE Dec-15 LTM Dec-16 FYE Dec-14 FYE Dec-15 LTM Dec-16

Fatma Ayachi ...
  • Olfa Taamallah
  • Yan Derocles

ODDO : 2019 Paris Air Show: fails to hit the heights!

While the 2019 Paris Air Show ended on a lacklustre note in terms of orders, it was marked by the launch of the A321XLR (which complicates the equation for the NMA) and the shelving of a rapid increase in production rates to 70 aircraft per month (a relief for the supply chain). Our hierarchy of recommendations is unchanged and we continue to prefer engine makers with MTU our Top Pick (Buy - € 220). - >A disappointing show - The 2019 Paris Air Show ended on an even low...

Fatma Ayachi ...
  • Olfa Taamallah
  • Yan Derocles

ODDO : Le Bourget 2019 : ça ne vole pas très haut !

Si le salon du Bourget 2019 se clôture comme attendu sur un terne bilan commercial, il reste marqué par le lancement de l’A321XLR (complique l’équation du NMA) et l’abandon d’une hausse rapide des cadences à 70 a/c par mois (un soulagement pour la chaine fournisseurs). Notre hiérarchie de recommandations est inchangée et nous continuons de favoriser les motoristes avec une préférence pour MTU (Achat – 220 €). - >Un salon en demi-teinte - Le millésime 2019 du salon du B...

Denise Molina

Morningstar | BA. Updated Forecasts and Estimates from 17 Jun 2019

Narrow-moat BAE Systems reported mixed 2018 results, roughly in line at the group level but with some divisional underperformance on margins. We are maintaining our GBX 630 and $33 fair value estimates for the local and ADR shares, respectively. Electronic systems, with the highest division margins and contributing 30%-plus of group cash flow, delivered in-line results and its  steady performance should continue in 2019 with 70% of revenue in the order backlog. The division, which provides electronic warfare systems (for example, the use of radar to disrupt or deceive an enemy's own radar),...

Antoine Boivin-Champeaux ...
  • Yan Derocles

ODDO : Is the countercyclical group making a comeback?

>Creation of the world's third-largest player in aerospace and defence - United Technologies (UTX) and Raytheon announced on Sunday evening their plan to merge to create the world’s third-largest aerospace and defence group behind Boeing and Airbus. On a 2019 basis, the new group would have an operating margin of 12.6% for revenue of $ 73.6bn. The net debt/EBITDA ratio is estimated at 1.9x but FCF generation would reach $ 6bn. The aim is to generate cost synergies bef...

Antoine Boivin-Champeaux ...
  • Yan Derocles

ODDO : Le retour de la quête du groupe contra-cyclique ?

>Création du 3ème acteur mondial de l’aéronautique-défense - United Technologies (UTX) et Raytheon ont donc annoncé dimanche soir leur intention de fusionner en vue de créer le 3ème acteur mondial du secteur aéronautique-défense derrière Boeing et Airbus. Sur une base 2019, le nouveau groupe afficherait une marge opérationnelle de 12.6% pour des ventes de 73.6 Md$. Le ratio dette nette/EBITDA s’élèverait à 1.9x mais la génération de FCF atteindrait 6 Md$. L’objectif e...

1 director bought

A director at BAE Systems bought 9,000 shares at 634p and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board ...

Antoine Boivin-Champeaux ...
  • Florent Laroche-Joubert
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 06/11/2019

Following our ODDO BHF Nextcap Forum, 44 French and German companies met close to 100 investors in Paris. In the complex small caps market (outflows, limited liquidity, persistently high valuations) and in a more uncertain macroeconomic environment, selectivity is paramount and a number of opportunities are taking shape. We compile 35 feedback articles in the present document, which give rise to six target price revisions: i/ three upward (Esker, ECA, Groupe Gorge), and ii/ three down...

Antoine Boivin-Champeaux ...
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Pierre Corby
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/11/2019

...

Antoine Boivin-Champeaux ...
  • Florent Laroche-Joubert
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 11/06/2019

A l’issue de notre conférence ODDO BHF Nextcap, 44 sociétés françaises et allemandes ont rencontré près de 100 investisseurs à Paris. Dans un marché des Small caps complexe (décollecte, liquidité limitée, valorisations encore élevées) et dans un environnement macroéconomique plus incertain, la sélectivité est primordiale et quelques opportunités se dessinent. Nous compilons dans ce document 35 feedbacks, qui donnent lieu à 6 révisions d’objectifs de cours : i/ 3 à la hausse (Esker, EC...

Antoine Boivin-Champeaux ...
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Pierre Corby
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 11/06/2019

...

Antoine Boivin-Champeaux ...
  • Charles Lepetitpas
  • Geoffroy Michalet
  • Jean Sassus
  • Jean-François Granjon
  • Louis Boujard
  • Nicolas David
  • Philippe Ourpatian
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 21/05/2019

...

BAE SYSTEMS PLC. sees a downgrade to Neutral on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of BAE SYSTEMS PLC. (GB), active in the Aerospace industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date May 14, 2019, the closing price was GBp 465.00 and its target price was estimated at GBp 429.05.

BAE Systems Plc

BAE Systems Plc

BAE Systems Plc

BAE Systems Plc

MarketLine Department

Security Devices International Inc. - Strategy, SWOT and Corporate Finance Report

Summary Security Devices International Inc. - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Security Devices International Inc. (SDI) specializes in the development of non-lethal ammunition. The company principally focuses on development of innovative non-lethal solutions, which include the Blunt Impact Projectile 40mm (BIP40), and the Wireless Electric Projecti...

MarketLine Department

Nexter Group - Strategy, SWOT and Corporate Finance Report

Summary Nexter Group - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Nexter Group (Nexter) is a systems provider and integrator of land defense systems, weapons systems and armored vehicles. The company designs, develops, manufactures and markets large and medium caliber munitions, warheads, and safety devices for missiles and protection systems. It also special...

MarketLine Department

Babcock International Group Plc - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Babcock International Group Plc Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Babcock International Group Plc since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its...

MarketLine Department

SQS Software Quality Systems AG - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's SQS Software Quality Systems AG Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by SQS Software Quality Systems AG since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its...

MarketLine Department

L3 Technologies, Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's L3 Technologies, Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by L3 Technologies, Inc. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advanta...

Expert Corporate Governance Service (ECGS)

Bae Systems - AGM 09 May 2019

Item 2: Approve the Remuneration Report The structure is weighted more towards rewarding long-term performance, but maximum long-term incentive pay and the maximum bonus opportunity are excessive.  The quantum for the year was also considered excessive. The company operates two long term incentive plans, one of which does not apply performance conditions, which does not meet best practice. Both the STI and LTI are heavily reliant on EPS.  Over-reliance on EPS could result in management making decisions to maximize profits for the short term, often at the expense of long term shareholder value...

Bae Systems PLC – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Valérie GASTALDY

Short term view - BAE SYSTEMS : The movement goes on.

The background trend is clearly bearish. The movement goes on. The next target is at 494.75 p, then 471.71 p. Passing 546.40 p would question the continuation of the fall.

Valérie GASTALDY

Analyse court terme - BAE SYSTEMS : Le mouvement se poursuit.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 494,75 p, puis 471,71 p. Le franchissement de 546,40 p remettrait en cause la suite de la baisse.

Valérie GASTALDY

Analyse court terme - BAE SYSTEMS : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 494,75 p, puis 471,71 p. Le franchissement de 546,40 p remettrait en cause la suite de la baisse.

Valérie GASTALDY

Short term view - BAE SYSTEMS : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at 494.75 p, then 471.71 p. Passing 546.40 p would question the continuation of the fall.

Valérie GASTALDY

Analyse moyen terme - BAE SYSTEMS : Les cours baissent.

La tendance est incertaine. Les cours baissent, et il y a une possibilité d'accélération baissière. Une nouvelle tendance baissière tente de démarrer.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch