Company Valuation: Thales

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 15,929 25,259 27,925 28,476 47,195 45,842 - -
Change - 58.57% 10.55% 1.97% 65.74% -2.87% - -
Enterprise Value (EV) 1 16,724 25,295 31,925 31,520 48,813 46,270 45,009 42,954
Change - 51.25% 26.21% -1.27% 54.86% -5.21% -2.73% -4.56%
P/E 14.6x 22.6x 27.3x 20.1x 28.2x 25.5x 20.2x 17.6x
PBR 2.46x 3.49x 4.05x 3.79x 5.93x 5.2x 4.56x 4x
PEG - 6.81x -3.8x 0.5x 1.5x 3.39x 0.8x 1.2x
Capitalization / Revenue 0.98x 1.44x 1.52x 1.38x 2.13x 1.93x 1.78x 1.65x
EV / Revenue 1.03x 1.44x 1.73x 1.53x 2.21x 1.95x 1.75x 1.54x
EV / EBITDA 7.12x 10.5x 12.4x 10.9x 12.8x 12.1x 10.7x 9.26x
EV / EBIT 10.1x 13.1x 15x 13x 17.8x 15.4x 13.4x 11.5x
EV / FCF 7.41x 10.2x 15.8x 15.6x 18.9x 20.8x 17.6x 15.2x
FCF Yield 13.5% 9.85% 6.35% 6.43% 5.28% 4.82% 5.67% 6.58%
Dividend per Share 2 2.56 2.94 3.4 3.7 3.9 4.222 4.876 5.495
Rate of return 3.42% 2.46% 2.54% 2.67% 1.7% 1.89% 2.19% 2.46%
EPS 2 5.12 5.29 4.91 6.89 8.15 8.763 11.05 12.65
Distribution rate 50% 55.6% 69.2% 53.7% 47.9% 48.2% 44.1% 43.4%
Net sales 1 16,192 17,569 18,428 20,577 22,136 23,731 25,701 27,839
EBITDA 1 2,348 2,405 2,582 2,898 3,827 3,809 4,212 4,640
EBIT 1 1,649 1,935 2,132 2,419 2,740 2,999 3,352 3,730
Net income 1 1,089 1,121 1,023 1,420 1,675 1,760 2,216 2,529
Net Debt 1 795 35.2 4,000 3,044 1,618 428.1 -833.5 -2,888
Reference price 2 74.80 119.30 133.95 138.65 229.80 223.10 223.10 223.10
Nbr of stocks (in thousands) 212,957 211,730 208,476 205,380 205,373 205,477 - -
Announcement Date 3/3/22 3/8/23 3/5/24 3/4/25 3/3/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
1199.04x10.32x167.87x - 10.88B
52.26x3.43x18.47x0.9% 10.09B
-42.4x17.47x786.27x-.--% 8.01B
75.63x3.26x28.76x0.29% 5.75B
24.8x4.64x20.15x1.85% 3.1B
45.14x22.17x-163.74x-.--% 911M
40.39x - - - 632M
65.79x3.34x27x0.19% 574M
Average 182.58x 9.23x 126.40x 0.54% 4.99B
Weighted average by Cap. 346.65x 8.70x 213.77x 0.58%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield