Valuation Thales

Stocks

Real-time Euronext Paris 10:17:14 15/10/2026 BST			5-day change	1st Jan Change
228.40 ^EUR	+1.65%		+5.89%	-0.61%

08:15am	Norway should allow wealth fund to invest in major arms makers, commission says	RE
02:01am	Norway's wealth fund set to overhaul ethical rules after US scrutiny	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	46,167	-	-
Change	-	58.57%	10.55%	1.97%	65.74%	-2.18%	-	-
Enterprise Value (EV) ¹	16,724	25,295	31,925	31,520	48,813	46,446	46,512	42,679
Change	-	51.25%	26.21%	-1.27%	54.86%	-4.85%	0.14%	-8.24%
P/E	14.6x	22.6x	27.3x	20.1x	28.2x	26.8x	19.8x	17.3x
PBR	2.46x	3.49x	4.05x	3.79x	5.93x	5.28x	4.65x	4.06x
PEG	-	6.81x	-3.8x	0.5x	1.5x	8.82x	0.6x	1.2x
Capitalization / Revenue	0.98x	1.44x	1.52x	1.38x	2.13x	1.94x	1.78x	1.64x
EV / Revenue	1.03x	1.44x	1.73x	1.53x	2.21x	1.95x	1.79x	1.51x
EV / EBITDA	7.12x	10.5x	12.4x	10.9x	12.8x	12.1x	10.8x	9.04x
EV / EBIT	10.1x	13.1x	15x	13x	17.8x	15.5x	13.6x	11.2x
EV / FCF	7.41x	10.2x	15.8x	15.6x	18.9x	19.2x	17.9x	14.2x
FCF Yield	13.5%	9.85%	6.35%	6.43%	5.28%	5.2%	5.57%	7.05%
Dividend per Share ²	2.56	2.94	3.4	3.7	3.9	4.269	4.911	5.566
Rate of return	3.42%	2.46%	2.54%	2.67%	1.7%	1.9%	2.19%	2.48%
EPS ²	5.12	5.29	4.91	6.89	8.15	8.398	11.36	13.01
Distribution rate	50%	55.6%	69.2%	53.7%	47.9%	50.8%	43.2%	42.8%
Net sales ¹	16,192	17,569	18,428	20,577	22,136	23,830	25,965	28,225
EBITDA ¹	2,348	2,405	2,582	2,898	3,827	3,834	4,295	4,720
EBIT ¹	1,649	1,935	2,132	2,419	2,740	3,002	3,421	3,810
Net income ¹	1,089	1,121	1,023	1,420	1,675	1,675	2,233	2,567
Net Debt ¹	795	35.2	4,000	3,044	1,618	278.7	345.2	-3,489
Reference price ²	74.80	119.30	133.95	138.65	229.80	224.70	224.70	224.70
Nbr of stocks (in thousands)	212,957	211,730	208,476	205,380	205,373	205,461	-	-
Announcement Date	03/03/22	08/03/23	05/03/24	04/03/25	03/03/26	-	-	-

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	26.76x	1.95x	12.11x	1.9%	51.35B
GE AEROSPACE	35.28x	6.5x	27.24x	0.59%	319B
RTX CORPORATION	30.9x	2.89x	17.17x	1.53%	251B
AIRBUS SE	25.66x	1.7x	12.65x	1.8%	167B
ROLLS-ROYCE HOLDINGS PLC	31.78x	4.65x	19.44x	1.08%	149B
BOEING	-519.67x	1.73x	38.97x	-.--%	146B
SAFRAN	31.55x	3.45x	15.65x	1.31%	145B
LOCKHEED MARTIN CORPORATION	17.16x	1.67x	11.89x	2.68%	121B
GENERAL DYNAMICS CORPORATION	19.69x	1.67x	13.66x	1.89%	90.41B
HOWMET AEROSPACE INC.	39.49x	8.92x	27.67x	0.24%	86.76B
Average	-26.14x	3.51x	19.65x	1.3%	152.61B
Weighted average by Cap.	-22.67x	3.77x	20.74x	1.2%