Valuation Thales

Stocks

Market Closed - Euronext Paris Other stock markets 11:55:00 2026-07-28 am EDT			After hours 03:18:13 pm
249.30 ^EUR	+2.42%		250.05	+0.30%

02:01pm	Thales ramps up Brazil radar output, sees stronger regional growth	RE
07:10am	Berenberg Lifts Price Target, Estimates for Thales After 'Strong' H1 Defense Performance; Hold Maintained	MT

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	50,009	-	-
Change	-	58.57%	10.55%	1.97%	65.74%	5.96%	-	-
Enterprise Value (EV) ¹	16,724	25,295	31,925	31,520	48,813	50,205	49,828	46,825
Change	-	51.25%	26.21%	-1.27%	54.86%	2.85%	-0.75%	-6.03%
P/E	14.6x	22.6x	27.3x	20.1x	28.2x	28.7x	21.8x	19.1x
PBR	2.46x	3.49x	4.05x	3.79x	5.93x	5.75x	5x	4.36x
PEG	-	6.81x	-3.8x	0.5x	1.5x	6.94x	0.7x	1.4x
Capitalization / Revenue	0.98x	1.44x	1.52x	1.38x	2.13x	2.1x	1.94x	1.79x
EV / Revenue	1.03x	1.44x	1.73x	1.53x	2.21x	2.11x	1.93x	1.67x
EV / EBITDA	7.12x	10.5x	12.4x	10.9x	12.8x	13x	11.7x	9.98x
EV / EBIT	10.1x	13.1x	15x	13x	17.8x	16.6x	14.7x	12.5x
EV / FCF	7.41x	10.2x	15.8x	15.6x	18.9x	21x	19.4x	16.1x
FCF Yield	13.5%	9.85%	6.35%	6.43%	5.28%	4.75%	5.16%	6.2%
Dividend per Share ²	2.56	2.94	3.4	3.7	3.9	4.29	4.937	5.552
Rate of return	3.42%	2.46%	2.54%	2.67%	1.7%	1.76%	2.03%	2.28%
EPS ²	5.12	5.29	4.91	6.89	8.15	8.487	11.19	12.75
Distribution rate	50%	55.6%	69.2%	53.7%	47.9%	50.5%	44.1%	43.5%
Net sales ¹	16,192	17,569	18,428	20,577	22,136	23,779	25,817	27,973
EBITDA ¹	2,348	2,405	2,582	2,898	3,827	3,847	4,259	4,690
EBIT ¹	1,649	1,935	2,132	2,419	2,740	3,019	3,386	3,754
Net income ¹	1,089	1,121	1,023	1,420	1,675	1,675	2,250	2,563
Net Debt ¹	795	35.2	4,000	3,044	1,618	195.9	-181.5	-3,184
Reference price ²	74.80	119.30	133.95	138.65	229.80	243.40	243.40	243.40
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 (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
THALES	28.2x	2.1x	13.17x	1.74%	56.89B
HENSOLDT AG	56.81x	3.71x	19.96x	0.83%	10.9B
CHINA SPACESAT CO.,LTD.	1148.08x	9.89x	160.88x	-	10.42B
PLANET LABS PBC	-39.62x	16.27x	732.21x	-.--%	7.48B
OHB SE	75.31x	3.24x	28.63x	0.29%	5.69B
SHANGHAI HUACE NAVIGATION TECHNOLOGY LTD	25.25x	4.74x	20.57x	1.81%	3.17B
SYNSPECTIVE INC.	47.25x	22.56x	-166.25x	-.--%	919M
CHENGDU M&S ELECTRONICS TECHNOLOGY CO.,LTD.	36.31x	-	-	-	568M
SATREC INITIATIVE CO., LTD.	63.51x	3.22x	26.02x	0.2%	561M
Average	160.12x	8.22x	104.40x	0.7%	10.73B
Weighted average by Cap.	150.13x	4.59x	85.53x	1.35%