Valuation Thales

Equities

Market Closed - Euronext Paris Other stock markets 11:36:35 2025-05-20 am EDT			5-day change	1st Jan Change
254.50 ^EUR	+0.55%		+6.49%	+83.56%

May. 20	Thales: to build factory with Radiall and FoxConn	CF
May. 20	Foxconn, Thales Sign Contract for Semiconductor, Satellite Partnership	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	15,930	15,929	25,259	27,925	28,476	52,252	-	-
Change	-	-0%	58.57%	10.55%	1.97%	83.5%	-	-
Enterprise Value (EV) ¹	18,492	16,724	25,295	31,925	31,520	54,136	52,800	51,322
Change	-	-9.56%	51.25%	26.21%	-1.27%	71.75%	-2.47%	-2.8%
P/E ratio	33x	14.6x	22.6x	27.3x	20.1x	34.1x	29.2x	25.3x
PBR	3.12x	2.46x	3.49x	4.05x	3.79x	6.24x	5.64x	5.06x
PEG	-	0x	6.81x	-3.8x	0.5x	4.08x	1.7x	1.6x
Capitalization / Revenue	0.94x	0.98x	1.44x	1.52x	1.38x	2.38x	2.22x	2.05x
EV / Revenue	1.09x	1.03x	1.44x	1.73x	1.53x	2.47x	2.25x	2.02x
EV / EBITDA	7.31x	7.12x	10.5x	12.4x	10.9x	14.8x	13.3x	11.8x
EV / EBIT	13.7x	10.1x	13.1x	15x	13x	20.1x	17.6x	15.4x
EV / FCF	19.3x	7.41x	10.2x	15.8x	15.6x	29x	23.1x	20.1x
FCF Yield	5.18%	13.5%	9.85%	6.35%	6.43%	3.45%	4.32%	4.97%
Dividend per Share ²	1.76	2.56	2.94	3.4	3.7	3.827	4.341	4.884
Rate of return	2.35%	3.42%	2.46%	2.54%	2.67%	1.5%	1.71%	1.92%
EPS ²	2.27	5.12	5.29	4.91	6.89	7.466	8.722	10.06
Distribution rate	77.5%	50%	55.6%	69.2%	53.7%	51.3%	49.8%	48.5%
Net sales ¹	16,989	16,192	17,569	18,428	20,577	21,919	23,495	25,429
EBITDA ¹	2,530	2,348	2,405	2,582	2,898	3,664	3,957	4,343
EBIT ¹	1,352	1,649	1,935	2,132	2,419	2,693	2,996	3,336
Net income ¹	483	1,089	1,121	1,023	1,420	1,542	1,801	2,077
Net Debt ¹	2,562	795	35.2	4,000	3,044	1,884	547.3	-930
Reference price ²	74.90	74.80	119.30	133.95	138.65	254.50	254.50	254.50
Nbr of stocks (in thousands)	212,680	212,957	211,730	208,476	205,380	205,313	-	-
Announcement Date	3/4/21	3/3/22	3/8/23	3/5/24	3/3/25	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E ratio (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Yield (Y)	Capi.($)
THALES	33.9x	2.46x	14.7x	1.51%	58.51B
HENSOLDT AG	54.72x	3.61x	19.8x	0.87%	9.75B
SHANGHAI HUACE NAVIGATION TECHNOLOGY LTD	30.86x	-	-	1.39%	3.26B
NARUIDA TECHNOLOGY CO., LTD.	43.88x	-	-	-	2.01B
SYNSPECTIVE INC.	-109.2x	78.9x	-61.98x	-	1.26B
PLANET LABS PBC	-10.74x	3.94x	-134.08x	-.--%	1.16B
CHENGDU M&S ELECTRONICS TECHNOLOGY CO.,LTD.	60.67x	-	-	-	847M
BEIJING ZHONGKEHAIXUN DIGITAL S&T CO., LTD.	83.73x	-	-	-	501M
Average	23.48x	22.23x	-40.39x	0.94%	9.66B
Weighted average by Cap.	34.27x	4.00x	11.60x	1.4%