Publicação
Public company valuation: BAE systems PLC
| Resumo: | This thesis evaluates whether the market valuation of BAE Systems plc can be rationalised through a DCF and comparable company analysis, as of 29th September 2025. The findings suggest that BAE Systems is modestly undervalued relative to its current market price, supported by strong cash flow generation, margin expansion, and a record order backlog. The DCF model, implies an equity value of £78.4bn (£26.28 per share), while the comparable analysis yields £26.7 per share. Both methods indicate sustained value creation driven by diversified segment growth and resilient defence market dynamics. |
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| Autores principais: | Guemuessoy, Oemer |
| Assunto: | Valuation Defence Discounted cash flow Comparable company analysis |
| Ano: | 2026 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade Nova de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório Institucional da UNL |
| Resumo: | This thesis evaluates whether the market valuation of BAE Systems plc can be rationalised through a DCF and comparable company analysis, as of 29th September 2025. The findings suggest that BAE Systems is modestly undervalued relative to its current market price, supported by strong cash flow generation, margin expansion, and a record order backlog. The DCF model, implies an equity value of £78.4bn (£26.28 per share), while the comparable analysis yields £26.7 per share. Both methods indicate sustained value creation driven by diversified segment growth and resilient defence market dynamics. |
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