Valuation Thales

Equities

Market Closed - Euronext Paris Other stock markets 10:25:00 13/03/2026 pm IST			5-day change	1st Jan Change
253.80 ^EUR	-0.43%		+5.18%	+10.44%

12/03	FTSE falls as oil jumps on Gulf vessel attacks	AN
11/03	European Stocks Decline Amid Middle East Concerns; Germany Meets Inflation Forecasts	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	15,930	15,929	25,259	27,925	28,476	52,150	52,150	-
Change	-	-0%	58.57%	10.55%	1.97%	83.14%	0%	-
Enterprise Value (EV) ¹	18,492	16,724	25,295	31,925	31,520	54,152	52,540	51,068
Change	-	-9.56%	51.25%	26.21%	-1.27%	71.8%	-2.98%	-2.8%
P/E ratio	33x	14.6x	22.6x	27.3x	20.1x	28.2x	27.5x	23x
PBR	3.12x	2.46x	3.49x	4.05x	3.79x	6.36x	5.83x	5.16x
PEG	-	0x	6.81x	-3.8x	0.5x	1.5x	1.3x	1.2x
Capitalization / Revenue	0.94x	0.98x	1.44x	1.52x	1.38x	2.13x	2.19x	2.03x
EV / Revenue	1.09x	1.03x	1.44x	1.73x	1.53x	2.47x	2.21x	1.99x
EV / EBITDA	7.31x	7.12x	10.5x	12.4x	10.9x	15.3x	14.1x	12.1x
EV / EBIT	13.7x	10.1x	13.1x	15x	13x	20.2x	17.5x	15.3x
EV / FCF	19.3x	7.41x	10.2x	15.8x	15.6x	28.2x	23.5x	20.2x
FCF Yield	5.18%	13.5%	9.85%	6.35%	6.43%	3.55%	4.25%	4.96%
Dividend per Share ²	1.76	2.56	2.94	3.4	3.7	3.797	4.273	4.855
Rate of return	2.35%	3.42%	2.46%	2.54%	2.67%	1.5%	1.68%	1.91%
EPS ²	2.27	5.12	5.29	4.91	6.89	8.15	9.225	11.03
Distribution rate	77.5%	50%	55.6%	69.2%	53.7%	49.8%	46.3%	44%
Net sales ¹	16,989	16,192	17,569	18,428	20,577	22,136	23,791	25,646
EBITDA ¹	2,530	2,348	2,405	2,582	2,898	3,545	3,715	4,207
EBIT ¹	1,352	1,649	1,935	2,132	2,419	2,740	3,005	3,348
Net income ¹	483	1,089	1,121	1,023	1,420	1,675	1,852	2,258
Net Debt ¹	2,562	795	35.2	4,000	3,044	2,002	390.1	-1,083
Reference price ²	74.90	74.80	119.30	133.95	138.65	253.80	253.80	253.80
Nbr of stocks (in thousands)	2,12,680	2,12,957	2,11,730	2,08,476	2,05,380	2,05,477	2,05,477	-
Announcement Date	04/03/21	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	33.31x	2.47x	15.28x	1.5%	5.97TCr
HENSOLDT AG	72.81x	3.85x	21.1x	0.76%	1.03TCr
PLANET LABS PBC	-64.75x	27.04x	1319.44x	-.--%	845.56Cr
OHB SE	70.55x	3.93x	39.35x	-	530.26Cr
SHANGHAI HUACE NAVIGATION TECHNOLOGY LTD	38.08x	7.04x	33.1x	1.25%	407.02Cr
GUANGDONG NARUIDA TECHNOLOGY CO., LTD.	30.31x	-	-	-	161.71Cr
SATREC INITIATIVE CO., LTD.	119.12x	8.43x	75.4x	0.1%	141.79Cr
SYNSPECTIVE INC.	-64.83x	77.74x	-75.11x	-	118.3Cr
CHENGDU M&S ELECTRONICS TECHNOLOGY CO.,LTD.	221.62x	-	-	-	100Cr
Average	50.69x	18.64x	204.08x	0.72%	1.03TCr
Weighted average by Cap.	33.14x	6.29x	139.89x	1.22%