Deep Dive Analysis: BAE Systems plc

A Stalwart Priced for Perpetual Conflict

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• Ticker: BA.L (LSE)

• Sector: Aerospace & Defence

• Theme: Priced for Perpetual Conflict

• TBFG angle: A fortress of a company with a record-breaking order backlog, but the stock is currently priced on the assumption that global geopolitical crises will never de-escalate.

• 12-month scenario range (GBP):

  • Bear: Price < 1300p

    Base: Price 1600-1800p

    Bull: Price …