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BAE Systems PLC
Buy, Hold or Sell?

Should you buy, hold or sell BAE Systems PLC?

I guess you are interested in BAE Systems PLC. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

Let's analyse BAE Systems PLC

Let's start. I'm going to help you getting a better view of BAE Systems PLC. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

  1. Company's Financial Health
    A deep dive into the books. How are the numbers doing? Is BAE Systems PLC even making a profit? Is the company skyrocketing? Or is it sinking like the Titanic. The trend is your friend.
  2. Market Valuation
    Finally, you now have an insight of how BAE Systems PLC is doing in the market. If the company is worth buying. The latest step is to find out how other investors value BAE Systems PLC. The closing price on 2023-02-01 was $42.82 per share. Is the company over- or underpriced?
  3. Key Performance Indicators
    A total overlook on how the company is doing. Based on the (trends in) the key performance indicators.
BAE Systems PLC Daily Candlestick Chart
BAE Systems PLC Daily Candlestick Chart
Summary









1. Valuation of BAE Systems PLC




Current price per share

$42.82

2. Growth of BAE Systems PLC




Is BAE Systems PLC growing?

Current yearPrevious yearGrowGrow %
How rich?$9.4b$6b$3.3b35.8%

How much money is BAE Systems PLC making?

Current yearPrevious yearGrowGrow %
Making money$2.1b$1.6b$567.8m26.1%
Net Profit Margin9.0%6.7%--

How much money comes from the company's main activities?

3. Financial Health of BAE Systems PLC




Comparing to competitors in the Aerospace & Defense industry




  Industry Rankings (Aerospace & Defense)  


Richest
#45 / 219

Most Revenue
#20 / 219

Most Profit
#14 / 219


Summary

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

1.1. Profitability of BAE Systems PLC.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit BAE Systems PLC earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare BAE Systems PLC to the Aerospace & Defense industry mean.
  • A Net Profit Margin of 9.0% means that $0.09 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of BAE Systems PLC:

  • The MRQ is 9.0%. The company is making a profit. +1
  • The TTM is 9.0%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ9.0%TTM9.0%0.0%
TTM9.0%YOY6.7%+2.3%
TTM9.0%5Y6.9%+2.1%
5Y6.9%10Y5.7%+1.2%
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
MRQ9.0%2.8%+6.2%
TTM9.0%2.2%+6.8%
YOY6.7%3.1%+3.6%
5Y6.9%3.0%+3.9%
10Y5.7%3.1%+2.6%
1.1.2. Return on Assets

Shows how efficient BAE Systems PLC is using its assets to generate profit.

  • Above 5% is considered healthy but always compare BAE Systems PLC to the Aerospace & Defense industry mean.
  • 6.5% Return on Assets means that BAE Systems PLC generated $0.06 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of BAE Systems PLC:

  • The MRQ is 6.5%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 6.5%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ6.5%TTM6.5%0.0%
TTM6.5%YOY4.7%+1.8%
TTM6.5%5Y5.0%+1.5%
5Y5.0%10Y4.3%+0.7%
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
MRQ6.5%0.6%+5.9%
TTM6.5%0.5%+6.0%
YOY4.7%0.6%+4.1%
5Y5.0%0.6%+4.4%
10Y4.3%0.6%+3.7%
1.1.3. Return on Equity

Shows how efficient BAE Systems PLC is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare BAE Systems PLC to the Aerospace & Defense industry mean.
  • 23.6% Return on Equity means BAE Systems PLC generated $0.24 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of BAE Systems PLC:

  • The MRQ is 23.6%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 23.6%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ23.6%TTM23.6%0.0%
TTM23.6%YOY28.0%-4.3%
TTM23.6%5Y23.0%+0.6%
5Y23.0%10Y24.6%-1.6%
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
MRQ23.6%2.0%+21.6%
TTM23.6%1.6%+22.0%
YOY28.0%1.6%+26.4%
5Y23.0%1.4%+21.6%
10Y24.6%1.4%+23.2%

1.2. Operating Efficiency of BAE Systems PLC.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient BAE Systems PLC is operating .

  • Measures how much profit BAE Systems PLC makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare BAE Systems PLC to the Aerospace & Defense industry mean.
  • An Operating Margin of 9.4% means the company generated $0.09  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of BAE Systems PLC:

  • The MRQ is 9.4%. The company is operating less efficient.
  • The TTM is 9.4%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ9.4%TTM9.4%0.0%
TTM9.4%YOY8.9%+0.6%
TTM9.4%5Y9.0%+0.5%
5Y9.0%10Y7.3%+1.7%
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
MRQ9.4%4.4%+5.0%
TTM9.4%3.3%+6.1%
YOY8.9%3.0%+5.9%
5Y9.0%3.7%+5.3%
10Y7.3%3.2%+4.1%
1.2.2. Operating Ratio

Measures how efficient BAE Systems PLC is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Aerospace & Defense industry mean).
  • An Operation Ratio of 1.24 means that the operating costs are $1.24 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of BAE Systems PLC:

  • The MRQ is 1.241. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.241. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.241TTM1.2410.000
TTM1.241YOY1.255-0.014
TTM1.2415Y1.265-0.024
5Y1.26510Y1.281-0.016
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2411.594-0.353
TTM1.2411.483-0.242
YOY1.2551.256-0.001
5Y1.2651.164+0.101
10Y1.2811.078+0.203

1.3. Liquidity of BAE Systems PLC.

1.3. Liquidity
1.3.1. Current Ratio

Measures if BAE Systems PLC is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Aerospace & Defense industry mean).
  • A Current Ratio of 1.01 means the company has $1.01 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of BAE Systems PLC:

  • The MRQ is 1.014. The company is just able to pay all its short-term debts.
  • The TTM is 1.014. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.014TTM1.0140.000
TTM1.014YOY1.002+0.012
TTM1.0145Y1.033-0.019
5Y1.03310Y0.793+0.240
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0141.461-0.447
TTM1.0141.543-0.529
YOY1.0021.483-0.481
5Y1.0331.520-0.487
10Y0.7931.422-0.629
1.3.2. Quick Ratio

Measures if BAE Systems PLC is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare BAE Systems PLC to the Aerospace & Defense industry mean.
  • A Quick Ratio of 0.53 means the company can pay off $0.53 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of BAE Systems PLC:

  • The MRQ is 0.534. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.534. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.534TTM0.5340.000
TTM0.534YOY0.537-0.003
TTM0.5345Y47,876,700.561-47,876,700.026
5Y47,876,700.56110Y23,938,350.401+23,938,350.160
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5340.732-0.198
TTM0.5340.800-0.266
YOY0.5370.705-0.168
5Y47,876,700.5610.783+47,876,699.778
10Y23,938,350.4010.727+23,938,349.674

1.4. Solvency of BAE Systems PLC.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of BAE Systems PLC assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare BAE Systems PLC to Aerospace & Defense industry mean.
  • A Debt to Asset Ratio of 0.72 means that BAE Systems PLC assets are financed with 71.7% credit (debt) and the remaining percentage (100% - 71.7%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of BAE Systems PLC:

  • The MRQ is 0.717. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.717. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.717TTM0.7170.000
TTM0.717YOY0.821-0.104
TTM0.7175Y0.777-0.059
5Y0.77710Y0.815-0.038
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7170.599+0.118
TTM0.7170.593+0.124
YOY0.8210.611+0.210
5Y0.7770.618+0.159
10Y0.8150.617+0.198
1.4.2. Debt to Equity Ratio

Measures if BAE Systems PLC is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare BAE Systems PLC to the Aerospace & Defense industry mean.
  • A Debt to Equity ratio of 261.8% means that company has $2.62 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of BAE Systems PLC:

  • The MRQ is 2.618. The company is unable to pay all its debts with equity. -1
  • The TTM is 2.618. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ2.618TTM2.6180.000
TTM2.618YOY4.869-2.252
TTM2.6185Y3.677-1.059
5Y3.67710Y4.928-1.251
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
MRQ2.6181.329+1.289
TTM2.6181.346+1.272
YOY4.8691.465+3.404
5Y3.6771.482+2.195
10Y4.9281.629+3.299

2. Market Valuation of BAE Systems PLC

2. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings BAE Systems PLC generates.

  • Above 15 is considered overpriced but always compare BAE Systems PLC to the Aerospace & Defense industry mean.
  • A PE ratio of 43.36 means the investor is paying $43.36 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of BAE Systems PLC:

  • The EOD is 62.324. Neutral. Compare to industry.
  • The MRQ is 43.357. Good. +1
  • The TTM is 43.357. Good. +1
Trends
Current periodCompared to+/- 
EOD62.324MRQ43.357+18.967
MRQ43.357TTM43.3570.000
TTM43.357YOY54.375-11.019
TTM43.3575Y61.699-18.342
5Y61.69910Y43.098+18.601
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
EOD62.32446.868+15.456
MRQ43.35737.850+5.507
TTM43.35740.058+3.299
YOY54.37532.028+22.347
5Y61.69930.078+31.621
10Y43.09832.053+11.045
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of BAE Systems PLC.

  • Lower is better.
  • A PEG ratio of 1 means the market price of the stock and the expected future earnings are on par.

Let's take a look of the Price Earnings to Growth Ratio trends of BAE Systems PLC:

  • The MRQ is 31.510. Seems overpriced? -1
  • The TTM is 31.510. Seems overpriced? -1
Trends
Current periodCompared to+/- 
MRQ31.510TTM31.5100.000
TTM31.510YOY62.033-30.523
TTM31.5105Y124.756-93.246
5Y124.75610Y108.356+16.400
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
MRQ31.5100.168+31.342
TTM31.5100.088+31.422
YOY62.0330.022+62.011
5Y124.7560.127+124.629
10Y108.3560.118+108.238

2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of BAE Systems PLC is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Aerospace & Defense industry mean).
  • A PB ratio of 9.94 means the investor is paying $9.94 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of BAE Systems PLC:

  • The EOD is 14.289. Seems overpriced? -1
  • The MRQ is 9.940. Seems overpriced? -1
  • The TTM is 9.940. Seems overpriced? -1
Trends
Current periodCompared to+/- 
EOD14.289MRQ9.940+4.349
MRQ9.940TTM9.9400.000
TTM9.940YOY14.353-4.413
TTM9.9405Y13.217-3.277
5Y13.21710Y8.711+4.506
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
EOD14.2891.836+12.453
MRQ9.9401.943+7.997
TTM9.9402.273+7.667
YOY14.3532.082+12.271
5Y13.2172.066+11.151
10Y8.7111.685+7.026
2. Total Gains per Share

2.4. Latest News of BAE Systems PLC

Does BAE Systems PLC still have the same value as the quarterly reports suggest? Recent changes may be an indication that the value of the company is changing. Read the news from BAE Systems PLC to keep up to date. Note: the news is often already included in the price.

DateTitleRead
2023-01-27
12:00
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2023-01-25
12:11
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2023-01-23
14:50
Bae Systems PLC (BAESY) Is a Great Choice for 'Trend' Investors, Here's WhyRead
2023-01-23
13:12
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2023-01-19
10:45
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2023-01-06
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New Strong Buy Stocks for January 6thRead

3. Summary

3.1. Key Performance Indicators

The key performance indicators of BAE Systems PLC compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--1.1051.1050%-0.235+121%-0.515+147%-0.774+170%
Book Value Growth--1.5581.5580%0.893+75%1.198+30%1.064+46%
Book Value Per Share--2.9972.9970%1.892+58%2.209+36%4.741-37%
Book Value Per Share Growth--1.5841.5840%0.889+78%0.991+60%0.961+65%
Current Ratio--1.0141.0140%1.002+1%1.033-2%0.793+28%
Debt To Asset Ratio--0.7170.7170%0.821-13%0.777-8%0.815-12%
Debt To Equity Ratio--2.6182.6180%4.869-46%3.677-29%4.928-47%
Dividend Per Share--0.3040.3040%0.287+6%0.282+8%0.897-66%
Dividend Per Share Growth--1.0591.0590%1.026+3%0.877+21%0.911+16%
Eps--0.6870.6870%0.499+38%0.493+39%1.119-39%
Eps Growth--1.3761.3760%0.877+57%1.030+34%1.219+13%
Free Cash Flow Per Share--0.7760.7760%0.265+193%0.460+69%0.991-22%
Free Cash Flow Per Share Growth--2.9292.9290%0.609+381%1.219+140%2.088+40%
Free Cash Flow To Equity Per Share---0.106-0.1060%0.639-117%0.059-280%-0.347+228%
Free Cash Flow To Equity Per Share Growth---0.166-0.1660%3.982-104%0.683-124%0.688-124%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--11.076--------
Intrinsic Value_10Y_min---0.019--------
Intrinsic Value_1Y_max--0.850--------
Intrinsic Value_1Y_min--0.371--------
Intrinsic Value_3Y_max--2.751--------
Intrinsic Value_3Y_min--0.799--------
Intrinsic Value_5Y_max--4.892--------
Intrinsic Value_5Y_min--0.876--------
Net Profit Margin--0.0900.0900%0.067+34%0.069+31%0.057+57%
Operating Margin--0.0940.0940%0.089+6%0.090+5%0.073+30%
Operating Ratio--1.2411.2410%1.255-1%1.265-2%1.281-3%
Pb Ratio14.289+30%9.9409.9400%14.353-31%13.217-25%8.711+14%
Pe Ratio62.324+30%43.35743.3570%54.375-20%61.699-30%43.098+1%
Peg Ratio--31.51031.5100%62.033-49%124.756-75%108.356-71%
Price Per Share42.818+30%29.78729.7870%27.150+10%28.363+5%28.103+6%
Price To Total Gains Ratio30.394+30%21.14421.1440%527.831-96%142.093-85%70.617-70%
Profit Growth--1.3531.3530%0.880+54%1.163+16%1.287+5%
Quick Ratio--0.5340.5340%0.537-1%47876700.561-100%23938350.401-100%
Return On Assets--0.0650.0650%0.047+37%0.050+31%0.043+52%
Return On Equity--0.2360.2360%0.280-15%0.230+3%0.246-4%
Revenue Growth--1.0131.0130%1.053-4%1.020-1%0.972+4%
Total Gains Per Share--1.4091.4090%0.051+2639%-0.233+117%0.122+1051%
Total Gains Per Share Growth--27.38827.3880%0.222+12227%4.959+452%2.904+843%
Usd Book Value--9486082800.0009486082800.0000%6087769100.000+56%7051964840.000+35%6323650511.589+50%
Usd Book Value Change Per Share--1.1051.1050%-0.235+121%-0.515+147%-0.774+170%
Usd Book Value Per Share--2.9972.9970%1.892+58%2.209+36%4.741-37%
Usd Dividend Per Share--0.3040.3040%0.287+6%0.282+8%0.897-66%
Usd Eps--0.6870.6870%0.499+38%0.493+39%1.119-39%
Usd Free Cash Flow--2455643500.0002455643500.0000%852361900.000+188%1465963500.000+68%732981750.000+235%
Usd Free Cash Flow Per Share--0.7760.7760%0.265+193%0.460+69%0.991-22%
Usd Free Cash Flow To Equity Per Share---0.106-0.1060%0.639-117%0.059-280%-0.347+228%
Usd Price Per Share42.818+30%29.78729.7870%27.150+10%28.363+5%28.103+6%
Usd Profit--2174821800.0002174821800.0000%1606992900.000+35%1580271540.000+38%1462373624.419+49%
Usd Revenue--24149429100.00024149429100.0000%23847576700.000+1%22823505320.000+6%26448212426.406-9%
Usd Total Gains Per Share--1.4091.4090%0.051+2639%-0.233+117%0.122+1051%
 EOD+2 -3MRQTTM+0 -0YOY+34 -85Y+34 -810Y+26 -16

3.2. Fundamental Score

Let's check the fundamental score of BAE Systems PLC based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1562.324
Price to Book Ratio (EOD)Between0-114.289
Net Profit Margin (MRQ)Greater than00.090
Operating Margin (MRQ)Greater than00.094
Quick Ratio (MRQ)Greater than10.534
Current Ratio (MRQ)Greater than11.014
Debt to Asset Ratio (MRQ)Less than10.717
Debt to Equity Ratio (MRQ)Less than12.618
Return on Equity (MRQ)Greater than0.150.236
Return on Assets (MRQ)Greater than0.050.065
Total6/10 (60.0%)

3.3. Technical Score

Let's check the technical score of BAE Systems PLC based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
OpenGreater thanClose42.530
Total0/1 (0.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2017-12-312018-12-312019-12-312020-12-312021-12-31
Retained Earnings  -3,107,595548,035-2,559,560230,101-2,329,459-656,900-2,986,3593,498,519512,159
Minority Interest  53,19535,87689,07139,587128,658215,255343,914-534,427-190,513



Latest Balance Sheet

Balance Sheet of 2021-12-31. Currency in GBP. All numbers in thousands.

Summary
Total Assets27,135,000
Total Liabilities19,467,000
Total Stockholder Equity7,436,000
 As reported
Total Liabilities 19,467,000
Total Stockholder Equity+ 7,436,000
Total Assets = 27,135,000

Assets

Total Assets27,135,000
Total Current Assets8,818,000
Long-term Assets8,818,000
Total Current Assets
Cash And Cash Equivalents 2,917,000
Short-term Investments 194,000
Net Receivables 4,452,000
Inventory 811,000
Other Current Assets 186,000
Total Current Assets  (as reported)8,818,000
Total Current Assets  (calculated)8,560,000
+/- 258,000
Long-term Assets
Property Plant Equipment 3,943,000
Goodwill 10,910,000
Intangible Assets 806,000
Other Assets 1,951,000
Long-term Assets  (as reported)18,317,000
Long-term Assets  (calculated)17,610,000
+/- 707,000

Liabilities & Shareholders' Equity

Total Current Liabilities8,696,000
Long-term Liabilities10,771,000
Total Stockholder Equity7,436,000
Total Current Liabilities
Short Long Term Debt 457,000
Accounts payable 697,000
Other Current Liabilities 4,642,000
Total Current Liabilities  (as reported)8,696,000
Total Current Liabilities  (calculated)5,796,000
+/- 2,900,000
Long-term Liabilities
Long term Debt 4,604,000
Capital Lease Obligations Min Short Term Debt1,295,000
Other Liabilities 4,954,000
Deferred Long Term Liability 37,000
Long-term Liabilities  (as reported)10,771,000
Long-term Liabilities  (calculated)10,890,000
+/- 119,000
Total Stockholder Equity
Common Stock85,000
Retained Earnings 414,000
Other Stockholders Equity 5,685,000
Total Stockholder Equity (as reported)7,436,000
Total Stockholder Equity (calculated)6,184,000
+/- 1,252,000
Other
Capital Stock85,000
Common Stock Shares Outstanding 3,165,570
Net Debt 2,144,000
Net Invested Capital 12,497,000
Net Tangible Assets -4,243,000
Net Working Capital 122,000



Balance Sheet

Currency in GBP. All numbers in thousands.

 Trend2021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-312001-12-312000-12-31
> Total Assets 
26,011,232
25,022,686
25,114,638
27,408,880
29,146,192
34,779,918
35,542,714
40,201,918
37,534,283
41,075,497
36,986,976
35,892,024
36,221,979
32,619,289
30,825,746
29,599,116
22,976,000
22,453,000
24,746,000
25,630,000
27,530,000
27,135,000
27,135,00027,530,00025,630,00024,746,00022,453,00022,976,00029,599,11630,825,74632,619,28936,221,97935,892,02436,986,97641,075,49737,534,28340,201,91835,542,71434,779,91829,146,19227,408,88025,114,63825,022,68626,011,232
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
6,169,000
5,977,000
9,332,351
7,029,000
8,383,000
9,576,000
9,244,000
9,406,000
8,818,000
8,818,0009,406,0009,244,0009,576,0008,383,0007,029,0009,332,3515,977,0006,169,0000000000000000
       Cash And Cash Equivalents 
2,205,863
2,188,721
1,496,835
1,391,676
1,891,092
4,436,224
6,071,658
6,075,927
3,836,026
5,970,473
4,329,770
3,326,472
5,455,901
3,682,743
3,595,402
3,739,130
2,769,000
3,271,000
3,232,000
2,587,000
2,768,000
2,917,000
2,917,0002,768,0002,587,0003,232,0003,271,0002,769,0003,739,1303,595,4023,682,7435,455,9013,326,4724,329,7705,970,4733,836,0266,075,9276,071,6584,436,2241,891,0921,391,6761,496,8352,188,7212,205,863
       Short-term Investments 
1,733,285
1,554,647
1,248,972
1,575,449
2,720,720
1,089,719
985,176
325,425
0
341,124
400,192
0
0
0
0
0
0
1,000,000,000,000,000
1,000,000,000,000,000
3,554,761
189,000
194,000
194,000189,0003,554,7611,000,000,000,000,0001,000,000,000,000,000000000400,192341,1240325,425985,1761,089,7192,720,7201,575,4491,248,9721,554,6471,733,285
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
0
0
0
2,814,000
2,606,000
3,964,628
3,054,000
3,560,000
4,233,000
4,622,000
4,851,000
4,452,000
4,452,0004,851,0004,622,0004,233,0003,560,0003,054,0003,964,6282,606,0002,814,0000000000000000
       Other Current Assets 
937,677
1,227,430
1,173,326
1,477,317
1,705,240
323,134
462,231
773,877
1,390,267
790,566
1,008,176
657,215
575,676
750,802
581,060
98,747
153,000
103,000
225,000
338,000
274,000
186,000
186,000274,000338,000225,000103,000153,00098,747581,060750,802575,676657,2151,008,176790,5661,390,267773,877462,231323,1341,705,2401,477,3171,173,3261,227,430937,677
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
15,947,000
14,738,000
15,170,000
16,386,000
18,124,000
18,317,000
18,317,00018,124,00016,386,00015,170,00014,738,00015,947,0000000000000000000
       Property Plant Equipment 
3,523,398
2,582,837
2,750,635
3,031,356
3,354,916
2,928,835
3,419,716
3,520,148
3,575,807
4,125,818
4,177,389
3,878,035
3,715,867
3,208,726
2,475,344
2,502,579
2,098,000
2,230,000
2,365,000
3,575,000
3,708,000
3,943,000
3,943,0003,708,0003,575,0002,365,0002,230,0002,098,0002,502,5792,475,3443,208,7263,715,8673,878,0354,177,3894,125,8183,575,8073,520,1483,419,7162,928,8353,354,9163,031,3562,750,6352,582,8373,523,398
       Goodwill 
11,000,898
10,047,758
10,328,161
10,705,199
10,819,652
13,117,881
13,970,694
16,763,367
15,887,930
16,438,606
16,107,728
16,587,301
16,857,189
15,548,069
15,054,579
14,502,579
10,902,000
9,996,000
10,239,000
9,984,000
10,846,000
10,910,000
10,910,00010,846,0009,984,00010,239,0009,996,00010,902,00014,502,57915,054,57915,548,06916,857,18916,587,30116,107,72816,438,60615,887,93016,763,36713,970,69413,117,88110,819,65210,705,19910,328,16110,047,75811,000,898
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
286,000
246,000
458,364
3,974,594
8,198,933
6,422,198
13,389,599
0
0
0013,389,5996,422,1988,198,9333,974,594458,364246,000286,0000000000000000
       Intangible Assets 
11,000,898
10,047,758
10,328,161
10,705,199
10,819,652
14,123,379
14,875,567
18,967,924
17,990,142
18,192,726
17,263,667
17,813,170
17,771,113
16,134,789
15,551,517
408,254
362,000
382,000
419,000
387,000
899,000
806,000
806,000899,000387,000419,000382,000362,000408,25415,551,51716,134,78917,771,11317,813,17017,263,66718,192,72617,990,14218,967,92414,875,56714,123,37910,819,65210,705,19910,328,16110,047,75811,000,898
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
15,947,000
14,738,000
15,170,000
16,386,000
0
0
0016,386,00015,170,00014,738,00015,947,0000000000000000000
> Total Liabilities 
15,165,866
15,339,957
15,946,926
17,406,655
20,068,184
29,960,403
27,445,862
28,292,149
26,878,493
33,433,356
28,670,678
29,212,668
30,084,700
26,954,296
27,901,755
25,174,650
19,512,000
17,669,000
19,128,000
20,119,000
22,609,000
19,467,000
19,467,00022,609,00020,119,00019,128,00017,669,00019,512,00025,174,65027,901,75526,954,29630,084,70029,212,66828,670,67833,433,35626,878,49328,292,14927,445,86229,960,40320,068,18417,406,65515,946,92615,339,95715,165,866
   > Total Current Liabilities 
10,677,870
9,506,759
10,556,711
11,820,325
13,956,144
14,869,339
15,555,201
18,958,002
15,773,901
19,389,083
17,943,994
15,964,268
14,500,825
13,996,743
12,532,501
10,542,373
7,299,000
7,594,000
9,285,000
9,133,000
9,383,000
8,696,000
8,696,0009,383,0009,133,0009,285,0007,594,0007,299,00010,542,37312,532,50113,996,74314,500,82515,964,26817,943,99419,389,08315,773,90118,958,00215,555,20114,869,33913,956,14411,820,32510,556,7119,506,75910,677,870
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
2,952,000
491,000
0
0
0
0
0
0
0
0000000491,0002,952,0000000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
2,952,000
491,000
359,617
0
14,000
785,000
377,000
467,000
457,000
457,000467,000377,000785,00014,0000359,617491,0002,952,0000000000000000
       Accounts payable 
2,300,079
2,030,203
1,606,281
859,984
971,412
1,041,593
1,249,587
1,811,666
1,467,748
1,718,552
1,714,669
1,500,874
1,154,602
1,078,967
933,122
1,016,949
707,000
596,000
703,000
675,000
697,000
697,000
697,000697,000675,000703,000596,000707,0001,016,949933,1221,078,9671,154,6021,500,8741,714,6691,718,5521,467,7481,811,6661,249,5871,041,593971,412859,9841,606,2812,030,2032,300,079
       Other Current Liabilities 
4,492,481
5,425,993
7,152,618
9,220,746
11,223,928
11,729,091
12,834,706
15,562,865
13,024,067
15,845,277
13,851,261
12,931,445
12,625,817
11,427,773
10,150,625
6,916,728
4,952,000
4,692,000
5,455,000
5,568,000
5,274,000
4,642,000
4,642,0005,274,0005,568,0005,455,0004,692,0004,952,0006,916,72810,150,62511,427,77312,625,81712,931,44513,851,26115,845,27713,024,06715,562,86512,834,70611,729,09111,223,9289,220,7467,152,6185,425,9934,492,481
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
12,213,000
10,563,000
9,821,000
10,986,000
13,226,000
10,771,000
10,771,00013,226,00010,986,0009,821,00010,563,00012,213,0000000000000000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
0
0
0
0
0
0
0
0
0
-2,952,000
-491,000
0
0
0
0
1,354,000
1,256,000
1,295,000
1,295,0001,256,0001,354,0000000-491,000-2,952,0000000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
42,000
28,000
32,000
34,000
36,000
37,000
37,00036,00034,00032,00028,00042,0000000000000000000
> Total Stockholder Equity
10,695,816
9,653,643
9,135,522
9,975,462
9,051,184
4,792,014
8,063,556
11,838,334
10,575,385
7,525,739
8,207,014
6,587,688
6,049,464
5,603,669
2,869,468
4,405,306
3,438,000
4,741,000
5,546,000
5,407,000
4,643,000
7,436,000
7,436,0004,643,0005,407,0005,546,0004,741,0003,438,0004,405,3062,869,4685,603,6696,049,4646,587,6888,207,0147,525,73910,575,38511,838,3348,063,5564,792,0149,051,1849,975,4629,135,5229,653,64310,695,816
   Common Stock
213,857
110,818
123,127
136,491
147,532
137,504
158,647
178,587
131,571
145,503
138,528
139,833
146,358
147,509
135,529
128,224
87,000
87,000
87,000
87,000
87,000
85,000
85,00087,00087,00087,00087,00087,000128,224135,529147,509146,358139,833138,528145,503131,571178,587158,647137,504147,532136,491123,127110,818213,857
   Retained Earnings 
9,574,190
8,901,771
8,242,249
9,001,290
8,001,216
3,319,002
6,259,685
9,238,901
8,635,994
5,372,455
6,147,565
4,520,947
3,885,675
3,399,643
800,547
-5,043,478
-4,381,000
-2,512,000
-2,069,000
-1,883,000
-2,414,000
414,000
414,000-2,414,000-1,883,000-2,069,000-2,512,000-4,381,000-5,043,478800,5473,399,6433,885,6754,520,9476,147,5655,372,4558,635,9949,238,9016,259,6853,319,0028,001,2169,001,2908,242,2498,901,7719,574,190
   Capital Surplus 0000000000000000000000
   Treasury Stock0000-1,000,000,000,000,000-1,000,000,000,000,000-1,000,000,000,000,000-12,300-13,576-13,693-13,663-1,539-1,777-2,012-3,969-1,959-8,594-13,412-16,058000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
4,666,000
4,859,000
7,479,735
6,483,000
5,888,000
6,279,000
5,954,000
5,721,000
5,685,000
5,685,0005,721,0005,954,0006,279,0005,888,0006,483,0007,479,7354,859,0004,666,0000000000000000



Balance Sheet

Currency in GBP. All numbers in thousands.




Cash Flow

Currency in GBP. All numbers in thousands.




Income Statement

Currency in GBP. All numbers in thousands.