BAE Systems : FCF generation accelerating but the share price already reflects the lion’s share of this trend
>2019 results a shade above expectations - 2019 results came in 2-3% ahead of the consensus expectations with an underlying EBITA of £ 2,117m incl. a +£ 50m IFRS 16 impact (ODDO BHF: £ 2,083m) for organic sales growth of 7% to £ 20.1bn, i.e. a margin of 10.5% stable vs 2018. Adjusted EPS of 45.8p facilitates l-f-l growth of close to 7%, despite a restructuring cost booked in H1 2019 at Applied Intelligence (0.5p/share), thanks notably to i/the non-recurrence of execut...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.