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 48,945 - -
Change - 58.57% 10.55% 1.97% 65.74% 3.71% - -
Enterprise Value (EV) 1 16,724 25,295 31,925 31,520 48,813 49,362 47,873 46,222
Change - 51.25% 26.21% -1.27% 54.86% 1.12% -3.02% -3.45%
P/E 14.6x 22.6x 27.3x 20.1x 28.2x 25.7x 21.4x 18.8x
PBR 2.46x 3.49x 4.05x 3.79x 5.93x 5.51x 4.83x 4.22x
PEG - 6.81x -3.8x 0.5x 1.5x 1.9x 1.1x 1.3x
Capitalization / Revenue 0.98x 1.44x 1.52x 1.38x 2.13x 2.06x 1.91x 1.76x
EV / Revenue 1.03x 1.44x 1.73x 1.53x 2.21x 2.08x 1.86x 1.66x
EV / EBITDA 7.12x 10.5x 12.4x 10.9x 12.8x 13x 11.4x 9.88x
EV / EBIT 10.1x 13.1x 15x 13x 17.8x 16.5x 14.3x 12.4x
EV / FCF 7.41x 10.2x 15.8x 15.6x 18.9x 21.6x 18.9x 16.4x
FCF Yield 13.5% 9.85% 6.35% 6.43% 5.28% 4.62% 5.28% 6.11%
Dividend per Share 2 2.56 2.94 3.4 3.7 3.9 4.272 4.898 5.499
Rate of return 3.42% 2.46% 2.54% 2.67% 1.7% 1.79% 2.06% 2.31%
EPS 2 5.12 5.29 4.91 6.89 8.15 9.251 11.11 12.66
Distribution rate 50% 55.6% 69.2% 53.7% 47.9% 46.2% 44.1% 43.4%
Net sales 1 16,192 17,569 18,428 20,577 22,136 23,719 25,674 27,887
EBITDA 1 2,348 2,405 2,582 2,898 3,827 3,808 4,206 4,678
EBIT 1 1,649 1,935 2,132 2,419 2,740 2,998 3,347 3,724
Net income 1 1,089 1,121 1,023 1,420 1,675 1,863 2,224 2,536
Net Debt 1 795 35.2 4,000 3,044 1,618 417.1 -1,072 -2,722
Reference price 2 74.80 119.30 133.95 138.65 229.80 238.20 238.20 238.20
Nbr of stocks (in thousands) 212,957 211,730 208,476 205,380 205,373 205,477 - -
Announcement Date 03/03/22 08/03/23 05/03/24 04/03/25 03/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
1659.62x14.2x231.09x - 15.03B
-59.21x24.75x1113.93x-.--% 11.18B
51.76x3.4x18.3x0.91% 9.99B
92.81x3.73x32.92x0.24% 6.51B
28.6x4.71x21.83x1.71% 3.32B
51.95x25.57x-188.91x-.--% 1.05B
51.07x - - - 798M
72.38x3.69x29.85x0.17% 613M
Average 243.62x 11.44x 179.86x 0.51% 6.06B
Weighted average by Cap. 528.84x 12.44x 340.10x 0.5%

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