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

Alexandre Iatrides ...
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/22/2019

The tragedy which struck the Brumadinho complex (state of Minas Gerais in Brazil) belonging to mining giant Vale has radically changed the fundamentals underpinning supply and demand in the iron ore market. Accordingly we are revising up our price scenario for 2019-2021 by 15% on average and are adopting a Neutral recommendation on Rio Tinto (vs Reduce) which has the greatest exposure. We are sticking with our Buy recommendation on ArcelorMittal. - ...

Antoine Boivin-Champeaux ...
  • Yan Derocles

BAE Systems : 2018 and 2019 again uninspiring, and Saudi Arabia at risk

>2018 was again a virtually flat year - 2018 was no exception to the rule since all the management indicators showed near stability. Sales were up significantly (+14%) in electronics activities, reflecting the growth of the F35, APKWS missiles and the commercial activities, leading to a slight improvement in the margin from 15.1% to 15.3%, which was disappointing relative to the growth in sales and the guidance (upper end of the 14-16% range). The cyber business margi...

Alexandre Iatrides ...
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 22/02/2019

La tragédie du complexe minier de Brumadinho (Etat du Minas Gerais au Brésil) appartenant au géant minier Vale change radicalement les fondamentaux offre/demande du marché du minerai de fer. Aussi, nous relevons en moyenne de 15% notre scénario de prix pour 2019/2021e et adoptons une opinion Neutre sur Rio Tinto (vs Alléger) qui y est le plus exposé. Nous maintenons notre Achat sur ArcelorMittal. - ...

Antoine Boivin-Champeaux ...
  • Yan Derocles

BAE Systems : 2018 et 2019 sans relief à nouveau, et l’Arabie Saoudite à risque

>2018 a encore été une année de quasi-stabilité - 2018 n’a pas échappé à la règle puisque tous les indicateurs de gestion ont affiché une quasi-stabilité. Le chiffre d’affaires était en hausse sensible (+14%) dans les activités électroniques, reflétant la progression du F35, des missiles APKWS et des activités commerciales, conduisant à une légère progression de marge de 15.1% à 15.3%, somme toute décevante par rapport à la croissance du CA et à la guidance (haut de f...

Denise Molina

Morningstar | Narrow-Moat BAE Reports Mixed 2018 Results

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),...

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

Antoine Boivin-Champeaux ...
  • Yan Derocles

BAE Systems : 2018 and 2019 again uninspiring, and Saudi Arabia at risk

>2018 was again a virtually flat year - 2018 was no exception to the rule since all the management indicators showed near stability. Sales were up significantly (+14%) in electronics activities, reflecting the growth of the F35, APKWS missiles and the commercial activities, leading to a slight improvement in the margin from 15.1% to 15.3%, which was disappointing relative to the growth in sales and the guidance (upper end of the 14-16% range). The cyber business margi...

Antoine Boivin-Champeaux ...
  • Yan Derocles

BAE Systems : 2018 et 2019 sans relief à nouveau, et l’Arabie Saoudite à risque

>2018 a encore été une année de quasi-stabilité - 2018 n’a pas échappé à la règle puisque tous les indicateurs de gestion ont affiché une quasi-stabilité. Le chiffre d’affaires était en hausse sensible (+14%) dans les activités électroniques, reflétant la progression du F35, des missiles APKWS et des activités commerciales, conduisant à une légère progression de marge de 15.1% à 15.3%, somme toute décevante par rapport à la croissance du CA et à la guidance (haut de f...

Denise Molina

Morningstar | Narrow-Moat BAE Reports Mixed 2018 Results

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),...

Denise Molina

Narrow-Moat BAE Reports Mixed 2018 Results

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 elect...

Ahmed Ben Salem ...
  • Antoine Boivin-Champeaux
  • Bruno Cavalier
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Tegner
  • Roland Pfaender
  • Steven Gould
  • Sylvain Goyon
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/18/2019

With unanswered questions accumulating every day on the theme of Brexit, one thing seems certain: the market, without having fallen into blissful optimism, is far from having priced in a hard Brexit. Recent history (the 2016 referendum) shows that the immediate shock in the event of an unanticipated disorderly exit would be around 11% on the eurozone indices. The European political discount indicates a relative, in euros, drop of 7% vs the US. The impact on the markets would not be un...

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 ...

Alexandre Iatrides ...
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/22/2019

The tragedy which struck the Brumadinho complex (state of Minas Gerais in Brazil) belonging to mining giant Vale has radically changed the fundamentals underpinning supply and demand in the iron ore market. Accordingly we are revising up our price scenario for 2019-2021 by 15% on average and are adopting a Neutral recommendation on Rio Tinto (vs Reduce) which has the greatest exposure. We are sticking with our Buy recommendation on ArcelorMittal. - ...

Alexandre Iatrides ...
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 22/02/2019

La tragédie du complexe minier de Brumadinho (Etat du Minas Gerais au Brésil) appartenant au géant minier Vale change radicalement les fondamentaux offre/demande du marché du minerai de fer. Aussi, nous relevons en moyenne de 15% notre scénario de prix pour 2019/2021e et adoptons une opinion Neutre sur Rio Tinto (vs Alléger) qui y est le plus exposé. Nous maintenons notre Achat sur ArcelorMittal. - ...

Ahmed Ben Salem ...
  • Bruno Hareng
  • François Maury
  • Jerôme Bodin
  • Michael Foundoukidis
  • Olfa Taamallah
  • Oussema Denguir
  • Pierre Corby
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/13/2018

...

Ahmed Ben Salem ...
  • Bruno Hareng
  • François Maury
  • Jerôme Bodin
  • Michael Foundoukidis
  • Olfa Taamallah
  • Oussema Denguir
  • Pierre Corby
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 13/07/2018

...

With a more favourable environment, BAE SYSTEMS PLC. improves to Slightly Positive

BAE SYSTEMS PLC. (GB), a company active in the Aerospace industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date January 18, 2019, the closing price was GBp 510.00 and its potential was estimated at GBp 540.28.

BAE Systems Plc

BAE Systems Plc

BAE Systems Plc

BAE Systems Plc

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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.

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