Valuation Thales

Stocks

Market Closed - Euronext Paris Other stock markets 11:55:00 2026-07-31 am EDT			5-day change	1st Jan Change
245.90 ^EUR	+1.07%		+4.02%	+7.01%

Jul. 31	Leonardo, talks with Rheinmetall on Idv continue, other interested parties emerge	RE
Jul. 31	Leonardo says non-binding talks with Rheinmetall on IDV continue, other suitors emerge	RE

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	50,523	-	-
Change	-	58.57%	10.55%	1.97%	65.74%	7.05%	-	-
Enterprise Value (EV) ¹	16,724	25,295	31,925	31,520	48,813	50,719	50,341	47,338
Change	-	51.25%	26.21%	-1.27%	54.86%	3.9%	-0.74%	-5.97%
P/E	14.6x	22.6x	27.3x	20.1x	28.2x	29x	22x	19.3x
PBR	2.46x	3.49x	4.05x	3.79x	5.93x	5.81x	5.05x	4.4x
PEG	-	6.81x	-3.8x	0.5x	1.5x	7.02x	0.7x	1.4x
Capitalization / Revenue	0.98x	1.44x	1.52x	1.38x	2.13x	2.12x	1.96x	1.81x
EV / Revenue	1.03x	1.44x	1.73x	1.53x	2.21x	2.13x	1.95x	1.69x
EV / EBITDA	7.12x	10.5x	12.4x	10.9x	12.8x	13.2x	11.8x	10.1x
EV / EBIT	10.1x	13.1x	15x	13x	17.8x	16.8x	14.9x	12.6x
EV / FCF	7.41x	10.2x	15.8x	15.6x	18.9x	21.3x	19.6x	16.3x
FCF Yield	13.5%	9.85%	6.35%	6.43%	5.28%	4.7%	5.11%	6.13%
Dividend per Share ²	2.56	2.94	3.4	3.7	3.9	4.289	4.939	5.552
Rate of return	3.42%	2.46%	2.54%	2.67%	1.7%	1.74%	2.01%	2.26%
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	23,780	25,818	27,974
EBITDA ¹	2,348	2,405	2,582	2,898	3,827	3,847	4,260	4,690
EBIT ¹	1,649	1,935	2,132	2,419	2,740	3,018	3,387	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	245.90	245.90	245.90
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	28.97x	2.13x	13.18x	1.74%	58.12B
HENSOLDT AG	54.37x	3.59x	19.3x	0.86%	10.6B
CHINA SPACESAT CO.,LTD.	1104.62x	9.52x	154.91x	-	10.06B
PLANET LABS PBC	-38.64x	15.85x	713.09x	-.--%	7.3B
OHB SE	71.09x	3.04x	26.86x	0.31%	5.43B
SHANGHAI HUACE NAVIGATION TECHNOLOGY LTD	26.53x	4.99x	21.66x	1.73%	3.34B
SYNSPECTIVE INC.	47.58x	22.72x	-167.44x	-.--%	950M
CHENGDU M&S ELECTRONICS TECHNOLOGY CO.,LTD.	34.72x	-	-	-	545M
SATREC INITIATIVE CO., LTD.	54.31x	2.72x	22.04x	0.23%	490M
Average	153.73x	8.07x	100.45x	0.7%	10.76B
Weighted average by Cap.	140.98x	4.46x	81.05x	1.37%