AM Stock Analysis: Dassault Aviation | PA
Aerospace & Defense | PA, France | Market Cap: 23.053m EUR | 12M Return: 7.3% | FR0014004L86 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 13.3M
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Dassault Aviation SA (PA: AM) is a French aerospace company that designs and manufactures military aircraft, business jets, and space systems. Founded in 1916 and headquartered in Saint-Cloud, France, the company operates globally and is controlled by Groupe Industriel Marcel Dassault S.A. as a subsidiary.
Its defense portfolio centers on the Rafale twin-jet multirole fighter (operable from both carrier and land bases), the nEUROn unmanned combat air vehicle demonstrator, and the Multi-Role Falcon series for government and military missions. The civil business is built around the Falcon family of business jets, including the Falcon 10X, 8X, 6X, 900LX, and 2000XLS.
In space, Dassault has developed reusable orbital transport concepts such as VORTEX and the Intermediate eXperimental Vehicle (IXV). The company also generates recurring revenue from aftermarket services, including MRO for landing gear and flight controls, pilot and mechanic training, simulation tools, aerostructure assembly, and insurance and reinsurance brokerage.
Dassault is one of the few globally integrated prime contractors operating in both combat aviation and the business jet market, a dual exposure that distinguishes it from peers focused on a single segment within the Aerospace & Defense sector.
- Rafale export contracts expand backlog amid rising defense spending
- Falcon jet deliveries drive civil aviation revenue and margins
- European defense budget increases accelerate military aircraft demand
| Net Income: 1.00b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 0.05 > 1.0 |
| NWC/Revenue: 14.92% < 20% (prev 19.53%; Δ -4.61% < -1%) |
| CFO/TA 0.04 > 3% & CFO 1.46b > Net Income 1.00b |
| Net Debt (-9.73b) to EBITDA (975.8m): -9.97 < 3 |
| Current Ratio: 1.05 > 1.5 & < 3 |
| Outstanding Shares: last quarter (77.2m) vs 12m ago -1.89% < -2% |
| Gross Margin: 22.03% > 18% (prev 52.28%; Δ -30.25% > 0.5%) |
| Asset Turnover: 26.63% > 50% (prev 20.44%; Δ 6.19% > 0%) |
| Interest Coverage Ratio: 109.9 > 6 (EBIT TTM 767.1m / Interest Expense TTM 6.98m) |
| A: 0.04 (Total Current Assets 28.8b - Total Current Liabilities 27.5b) / Total Assets 34.2b |
| B: 0.20 (Retained Earnings 6.74b / Total Assets 34.2b) |
| C: 0.02 (EBIT TTM 767.1m / Avg Total Assets 33.2b) |
| D: 0.24 (Book Value of Equity 6.56b / Total Liabilities 27.6b) |
| Altman-Z'' = 1.30 = BB |
| DSRI: 0.74 (Receivables 1.74b/1.75b, Revenue 8.83b/6.57b) |
| GMI: 2.37 (GM 52.28% / 22.03%) |
| AQI: 1.03 (AQ_t 0.11 / AQ_t-1 0.11) |
| SGI: 1.34 (Revenue 8.83b / 6.57b) |
| TATA: -0.01 (NI 1.00b - CFO 1.46b) / TA 34.2b) |
| Beneish M = -1.74 (Cap -4..+1) = CCC |
As of August 26, 2026, the stock is trading at EUR 294.00 with a total of 46,851 shares traded. Over the past week, the price has changed by -6.01%, over one month by -1.74%, over three months by -0.61% and over the past year by +7.33%.
Current recommended Stop Loss: 285.70 (which is 2.8% or 1.2 ATR below the current price).
Dassault Aviation has no consensus analysts rating.
P/E Trailing = 23.1938
P/E Forward = 19.1939
P/S = 2.5917
P/B = 3.5168
P/EG = 1.2613
Revenue TTM = 8.83b EUR
EBIT TTM = 767.1m EUR
EBITDA TTM = 975.8m EUR
Long Term Debt = 190k EUR (from longTermDebt, last quarter)
Short Term Debt = 37.9m EUR (from shortTermDebt, last quarter)
Debt = 385.5m EUR (from shortLongTermDebtTotal, last quarter) + Leases 184.9m
Net Debt = -9.73b EUR (calculated: Debt 385.5m - CCE 10.1b)
Enterprise Value = 13.3b EUR (23.1b + Debt 385.5m - CCE 10.1b)
Interest Coverage Ratio = 109.9 (Ebit TTM 767.1m / Interest Expense TTM 6.98m)
EV/FCF = 9.97x (Enterprise Value 13.3b / FCF TTM 1.34b)
FCF Yield = 10.03% (FCF TTM 1.34b / Enterprise Value 13.3b)
FCF Margin = 15.14% (FCF TTM 1.34b / Revenue TTM 8.83b)
Net Margin = 11.36% (Net Income TTM 1.00b / Revenue TTM 8.83b)
Gross Margin = 22.03% ((Revenue TTM 8.83b - Cost of Revenue TTM 6.88b) / Revenue TTM)
Gross Margin QoQ = 36.24% (prev 8.80%)
Tobins Q-Ratio = 0.39 (Enterprise Value 13.3b / Total Assets 34.2b)
Interest Expense / Debt = 1.81% (Interest Expense 6.98m / Debt 385.5m)
Taxrate = 23.19% (302.9m / 1.31b)
NOPAT = 589.2m (EBIT 767.1m * (1 - 23.19%))
Current Ratio = 1.05 (Total Current Assets 28.8b / Total Current Liabilities 27.5b)
Debt / Equity = 0.06 (Debt 385.5m / totalStockholderEquity, last quarter 6.56b)
Debt / EBITDA = -9.97 (Net Debt -9.73b / EBITDA 975.8m)
Debt / FCF = -7.28 (Net Debt -9.73b / FCF TTM 1.34b)
Total Stockholder Equity = 6.43b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.03% (Net Income 1.00b / Total Assets 34.2b)
RoE = 15.59% (Net Income TTM 1.00b / Total Stockholder Equity 6.43b)
RoCE = 11.92% (EBIT 767.1m / Capital Employed (Equity 6.43b + L.T.Debt 190k))
RoIC = 9.32% (NOPAT 589.2m / Invested Capital 6.32b)
WACC = 5.09% (E(23.1b)/V(23.4b) * Re(5.15%) + D(385.5m)/V(23.4b) * Rd(1.81%) * (1-Tc(0.23)))
Discount Rate = 5.15% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -94.88 | Cagr: -3.30%
[DCF] Terminal Value 76.41% ; FCFF base≈1.30b ; Y1≈1.39b ; Y5≈1.67b
[DCF] Fair Price = 458.2 (EV 25.6b - Net Debt -9.73b = Equity 35.3b / Shares 77.0m; r=8.35% [WACC [floored]]; 5y FCF grow 7.80% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 99.00 | Revenue CAGR: 27.44% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=15.57 | Chg30d=-0.74% | Revisions=-8% | GrowthEPS=+14.5% | GrowthRev=+18.9%
EPS next Year (2027-12-31): EPS=18.88 | Chg30d=+1.30% | Revisions=+25% | GrowthEPS=+21.3% | GrowthRev=+10.5%
[Analyst] Revisions Ratio: +10% (up=10, down=8)