Business description: Thales

Thales is one of the European leaders in manufacturing and marketing of electronic equipment and systems for the aerospace, defense and security sectors. Net sales break down by product group as follows:

- defense and security systems (53.3%): C4I defense and security systems (control and monitoring systems, communication, protection, cyber-security, and other systems), defense mission systems, naval systems, electronic war systems, drones, air operation systems (air defense, air surveillance), ground defense systems and missiles;

- aerospace systems (26.6%): avionics equipment (cockpit, cabin multimedia, and simulation equipment), space systems (satellites, payloads, etc.);

- digital identification and security solutions (19.9%);

- other (0.5%).

Besides, the group owns a 35% stake in Naval Group (manufacture of naval equipment for defense and nuclear energy sectors).

Net sales are distributed geographically as follows: France (28.8%), the United Kingdom (6.6%), Europe (25.1%), North America (14.2%), Australia and New Zealand (4.6%) and other (20.7%).

Number of employees: 80,605

Sales by Activity: Thales

Fiscal Period: December 2020 (EUR) 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR)

Defence (Excluding of Digital I&S)

837.08Cr 896.13Cr 951.89Cr 1.02TCr 1.13TCr

Aerospace

431.18Cr 455.46Cr 480.66Cr 533.82Cr 563.96Cr

Cyber & Digital

301.73Cr 303.43Cr 368.3Cr 342.24Cr 414.91Cr

Other

-33Cr -36Cr -44Cr -51Cr -53Cr

Transport

162.23Cr - - - -

Geographical breakdown of sales: Thales

Fiscal Period: December 2020 (EUR) 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR)

France

422.9Cr 454.5Cr 482.7Cr 543.7Cr 593.2Cr

Rest of Europe

402.4Cr 371.9Cr 410.1Cr 457.8Cr 515.5Cr

North America

195.2Cr 195.2Cr 241.5Cr 258.1Cr 292.1Cr

Asia

231Cr 205.7Cr 206.8Cr 172.8Cr 197.7Cr

United Kingdom

118Cr 94Cr 101.9Cr 120.8Cr 135.5Cr

Near and Middle East

120.1Cr 108.4Cr 118.9Cr 111.1Cr 121Cr

Rest of The World

110.4Cr 90Cr 99Cr 97Cr 108.6Cr

Australia and New Zealand

99Cr 99Cr 96Cr 81Cr 94Cr

Executive Committee: Thales

Manager TitleAgeSince
Chief Executive Officer 56 23/12/2014
Director of Finance/CFO 65 01/04/2012
Chief Operating Officer 57 01/10/2023
Chief Tech/Sci/R&D Officer 52 -
Chief Tech/Sci/R&D Officer - 28/01/2016

Composition of the Board of Directors: Thales

Director TitleAgeSince
Director/Board Member 72 16/02/2010
Director/Board Member 66 19/05/2009
Director/Board Member 65 16/02/2010
Director/Board Member 76 15/05/2012
Chairman 56 23/12/2014
Director/Board Member 76 17/09/2013
Director/Board Member 61 12/09/2016
Director/Board Member 57 06/05/2021
Director/Board Member 65 30/01/2018
Director/Board Member 57 06/05/2021

Shareholders: Thales

NameEquities%Valuation
Government of France
26.6 %
5,47,88,714 26.6 % 16 686 M €
26.59 %
5,47,50,000 26.59 % 16 674 M €
Thales SA Employees Stock Ownership Plan
2.93 %
60,34,825 2.93 % 1 838 M €
Rathbones Asset Management Ltd.
0.3266 %
6,72,595 0.3266 % 205 M €
0.2762 %
5,68,735 0.2762 % 173 M €
NameEquities%Valuation
Valicenti Advisory Services, Inc.
0.005266 %
54,228 0.005266 % 3 M €
RhumbLine Advisers LP
0.001259 %
12,962 0.001259 % 789 515 €
GAMMA Investing LLC
0.000257 %
2,646 0.000257 % 161 168 €
Westside Investment Management LLC
0.000039 %
405 0.000039 % 24 669 €
Salomon & Ludwin LLC
0.000018 %
187 0.000018 % 11 390 €

Holdings: Thales

NameEquities%Valuation
5,68,735 0.28% 173 M $

Company details: Thales

Thales SA

4, rue de la Verrerie

92189, Paris

+33 1 57 77 80 00

http://www.thalesgroup.com
address Thales(HO)

Group companies: Thales

NameCategory and Sector
Thales Systems Romania SRL
Thales Systems Romania SRL
Information Technology Services
Information Technology Services
Miscellaneous Commercial Services

Satellite Design & Manufacture

Change 5d. change 1-year change 3-years change Capi.($)
+1.02%-6.32%-3.40%+81.53% 5.62TCr
+0.74%+4.01%+230.26%+210.03% 1.61TCr
+2.64%-4.37%+5.01%+117.83% 959.61Cr
-5.42%-3.95%+461.42%+431.10% 838.74Cr
+3.18%-2.17%+226.09%+597.67% 487.24Cr
-0.11%-7.83%+16.20%+50.05% 400.8Cr
-0.72%-8.07%-17.50%+23.84% 170.03Cr
+20.37%-4.95%+243.23%+383.07% 134.59Cr
-0.94%+0.59%+89.32% - 114.92Cr
+0.56%-4.99%+19.00%-15.19% 108.97Cr
Average +2.52%-3.81%+126.96%+208.88% 1.04TCr
Weighted average by Cap. +1.17%-4.98%+86.36%+158.40%
Trader
Investor
Global
Quality
ESG MSCI
BBB
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
18
Last Close Price
236.40EUR
Average target price
292.67EUR
Spread / Average Target
+23.80%

Quarterly revenue - Rate of surprise