- BAE’s first-half underlying EBIT was GBP1.55 billion, matching market estimates of GBP1.54 billion.
- Electronic Systems achieved an underlying EBIT of GBP541 million, slightly above estimates of GBP537.8 million.
- Platforms & Services exceeded expectations with an underlying EBIT of GBP292 million against an estimate of GBP245 million.
- The Air segment recorded an underlying EBIT of GBP500 million, surpassing the estimate of GBP493.8 million.
- The Maritime segment’s underlying EBIT was GBP220 million, below the expected GBP244.2 million.
- Total sales amounted to GBP14.62 billion, exceeding the estimated GBP14.51 billion.
- Electronic Systems sales were GBP3.6 billion; Platforms & Services achieved GBP2.5 billion in sales.
- Air segment sales stood at GBP4.3 billion, and Maritime segment at GBP3.2 billion.
- Cyber & Intelligence sales hit GBP1.2 billion.
- The company’s operating profit was GBP1.33 billion, slightly below the estimated GBP1.4 billion.
- Interim dividend per share was announced at 13.5p, meeting market expectations.
- BAE’s free cash flow was GBP368 million, contrasting with the anticipated negative GBP397.9 million.
- Net operating cash flow was GBP74 million, falling short of the expected GBP336.2 million.
- The company’s backlog stands at GBP75.4 billion.
- Analysts’ ratings include 14 buys, 6 holds, and 4 sells.
A look at BAE Systems PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
BAE Systems PLC, a company specializing in advanced defense and aerospace systems, has a promising long-term outlook based on the Smartkarma Smart Scores. With a strong momentum score of 5, indicating a positive trend in the company’s performance, BAE Systems is well-positioned for future growth. Additionally, the company scores a solid 4 in Growth, showcasing its potential for expansion and development in the defense sector. The company also demonstrates resilience with a score of 3, highlighting its ability to withstand market challenges and uncertainties. While the Value and Dividend scores are lower at 2, the overall outlook for BAE Systems PLC appears optimistic given its strengths in growth, momentum, and resilience.
BAE Systems PLC develops, delivers, and supports a wide range of defense and aerospace systems, including military aircraft, surface ships, submarines, radar, avionics, communications, electronics, and guided weapon systems. Through its global presence, the company serves clients around the world, showcasing its expertise and capabilities in the defense industry. The Smartkarma Smart Scores reveal a positive outlook for BAE Systems, with strong ratings in Growth, Momentum, and Resilience factors, positioning the company for long-term success and potential market expansion.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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