(1888PressRelease)
April 03, 2009 - Mira, Portugal – SADIF Investment Analytics SA, today announced the release of a new equity research report covering BAE Systems Plc (BA.). The report utilizes SADIF's powerful StockMarks™ stock rating system and is required reading for any current or potential BAE Systems Plc investor.
Report Summary: On February 19th, British aerospace and defense company BAE Systems released encouraging results for 2008 despite the weakening global economy. Solid long-term government-backed contracts and a weaker British Pound Sterling boosted the company's results during the past year. In 2008, sales rose 18% and underlying EBITA increased 31% relative to 2007. Nevertheless, some governments are scaling back military spending during the global recession and the UK officially started its withdrawal from Iraq on March 30th. However, during 2008, BAE's order book grew 20% compared to 2007. Since announcing the results, BAE has signed a GBP 450M contract with the UK Ministry of Defense for the support and maintenance of the RAF's existing Typhoon fleet.
The company has also announced deals with governments outside the UK totaling USD 257.7M. The group did however report lower free cash flow and cash inflow from operating activities during 2008. In order to assess the company as an investment objectively, we should focus on the company's long-term underlying fundamentals. We can assess BAE's fundamentals through the use of the StockMarks framework. BAE currently has an overall long-term investment-attractiveness rating (Total StockMark or SMT) of 58, rating the company slightly above the UK market average. This rating places BAE seventh relative to ten of the company's closest UK-listed peers, selected on the basis of similarity of business, market positioning factors such as size and share comparisons.
The complete report breaks down the Total StockMark into its three components – Business, Management and Price, performing a thorough analysis of BAE Systems Plc for long-term investors.
A summary of the StockMarks™ ratings for BAE Systems Plc is available here:
http://sadifanalytics.com/stockmarks/company.php?ticker=BA.&cod_country=110
The report has been distributed to Reuters, and forwarded to Yahoo Finance and FT.com. It is available under 'Analyst Reports' from these websites, from multiple professional platforms including Reuters Knowledge, TheMarkets.com and Thomson Research or directly from SADIF-Investment Analytics SA at:
http://sadifanalytics.com/stockmarks/article/hist_article.php?cod_country=110
About SADIF-Investment Analytics SA:
SADIF-Investment Analytics SA is an independent investment research company covering sixteen different markets and over 12,000 companies. The StockMarks™ system is based on proven investment principles and is designed to drive long-term shareholder returns.
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