Valuation Thales

Stocks

Market Closed - Euronext Paris 11:55:00 2026-11-06 am EST			5-day change	1st Jan Change
221.70 ^EUR	-1.29%		-5.94%	-3.52%

Nov. 04	Thales: Euronaval reinforces our investment thesis
Nov. 04	Defense Stocks Slump Amid Fears Democrats Could Hold Back Military Spending	DJ

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	45,551	-	-
Change	-	58.57%	10.55%	1.97%	65.74%	-3.48%	-	-
Enterprise Value (EV) ¹	16,724	25,295	31,925	31,520	48,813	45,823	45,903	42,078
Change	-	51.25%	26.21%	-1.27%	54.86%	-6.12%	0.17%	-8.33%
P/E	14.6x	22.6x	27.3x	20.1x	28.2x	25.4x	19.2x	16.8x
PBR	2.46x	3.49x	4.05x	3.79x	5.93x	5.22x	4.58x	4x
PEG	-	6.81x	-3.8x	0.5x	1.5x	3.49x	0.6x	1.2x
Capitalization / Revenue	0.98x	1.44x	1.52x	1.38x	2.13x	1.9x	1.75x	1.61x
EV / Revenue	1.03x	1.44x	1.73x	1.53x	2.21x	1.92x	1.76x	1.48x
EV / EBITDA	7.12x	10.5x	12.4x	10.9x	12.8x	11.9x	10.7x	8.87x
EV / EBIT	10.1x	13.1x	15x	13x	17.8x	15.2x	13.4x	11x
EV / FCF	7.41x	10.2x	15.8x	15.6x	18.9x	18.7x	17.9x	14x
FCF Yield	13.5%	9.85%	6.35%	6.43%	5.28%	5.34%	5.59%	7.13%
Dividend per Share ²	2.56	2.94	3.4	3.7	3.9	4.297	4.922	5.565
Rate of return	3.42%	2.46%	2.54%	2.67%	1.7%	1.94%	2.22%	2.51%
EPS ²	5.12	5.29	4.91	6.89	8.15	8.743	11.54	13.21
Distribution rate	50%	55.6%	69.2%	53.7%	47.9%	49.1%	42.6%	42.1%
Net sales ¹	16,192	17,569	18,428	20,577	22,136	23,916	26,041	28,349
EBITDA ¹	2,348	2,405	2,582	2,898	3,827	3,845	4,308	4,743
EBIT ¹	1,649	1,935	2,132	2,419	2,740	3,011	3,432	3,829
Net income ¹	1,089	1,121	1,023	1,420	1,675	1,778	2,292	2,655
Net Debt ¹	795	35.2	4,000	3,044	1,618	272.4	352.4	-3,473
Reference price ²	74.80	119.30	133.95	138.65	229.80	221.70	221.70	221.70
Nbr of stocks (in thousands)	212,957	211,730	208,476	205,380	205,373	205,461	-	-
Announcement Date	3/3/22	3/8/23	3/5/24	3/4/25	3/3/26	-	-	-

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 (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
THALES	25.36x	1.92x	11.92x	1.94%	50.79B
GE AEROSPACE	36.92x	6.74x	27.96x	0.56%	334B
RTX CORPORATION	29.49x	2.9x	16.65x	1.49%	256B
AIRBUS SE	26.63x	1.76x	13.09x	1.72%	173B
SAFRAN	29.73x	3.26x	14.77x	1.38%	137B
ROLLS-ROYCE HOLDINGS PLC	29.44x	4.27x	17.85x	1.16%	139B
BOEING	-117.73x	1.66x	47x	-.--%	137B
LOCKHEED MARTIN CORPORATION	18.52x	1.77x	12.86x	2.47%	131B
GENERAL DYNAMICS CORPORATION	20.38x	1.73x	14.21x	1.79%	95.53B
HOWMET AEROSPACE INC.	36.38x	8.29x	25.54x	0.26%	81.84B
Average	13.51x	3.43x	20.18x	1.28%	153.47B
Weighted average by Cap.	16.35x	3.74x	21.21x	1.19%