AM Stock Analysis: Dassault Aviation | PA
Aerospace & Defense | PA, France | Market Cap: 23.824m EUR | 12M Return: 11.3% | FR0014004L86 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 13.9M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 11.9 years of data, until 10/2026
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 is strong.
Dassault Aviation S.A. is a French aerospace company that designs and manufactures military aircraft, business jets, and space systems, operating primarily in France, the United States, and other international markets. Its military portfolio centers on the Rafale twin-engine multirole fighter (deployable from both carriers and land bases), the nEUROn unmanned combat air vehicle demonstrator, and the multi-role Falcon variants adapted for government and defense missions. Its civil business is anchored by the Falcon family of business jets, including the Falcon 10X, 8X, 6X, 900LX, and 2000XLS models.
In addition to aircraft manufacturing, the company develops reusable space systems such as the VORTEX vehicle and the IXV experimental platform, and provides a broad range of aftermarket services including maintenance, repair and overhaul, pilot and mechanic training, simulation tools, and insurance brokerage. It also produces aerostructure subassemblies and composite parts for both military and civil applications. Founded in 1916 and headquartered in Saint-Cloud, Dassault Aviation operates as a subsidiary of Groupe Industriel Marcel Dassault S.A., reflecting its position within Europes concentrated aerospace and defense industry, where a small number of prime contractors typically dominate military fighter and large business jet production.
- Rafale export orders accelerate from India and UAE contracts
- Falcon jet deliveries rebound on strong business aviation demand
- European defense spending surges amid heightened geopolitical tensions
| 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 November 13, 2026, the stock is trading at EUR 303.60 with a total of 33,873 shares traded. Over the past week, the price has changed by +0.33%, over one month by +5.64%, over three months by -5.24% and over the past year by +11.32%.
Current recommended Stop Loss: 293.80 (which is 3.2% or 1.5 ATR below the current price).
Dassault Aviation has no consensus analysts rating.
P/E Trailing = 24.4253
P/E Forward = 16.2338
P/S = 2.6841
P/B = 3.6018
P/EG = 1.1348
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 = 14.1b EUR (23.8b + Debt 385.5m - CCE 10.1b)
Interest Coverage Ratio = 109.9 (Ebit TTM 767.1m / Interest Expense TTM 6.98m)
EV/FCF = 10.55x (Enterprise Value 14.1b / FCF TTM 1.34b)
FCF Yield = 9.48% (FCF TTM 1.34b / Enterprise Value 14.1b)
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 = 0.41 (Enterprise Value 14.1b / 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 = 4.56% (E(23.8b)/V(24.2b) * Re(4.61%) + D(385.5m)/V(24.2b) * Rd(1.81%) * (1-Tc(0.23)))
Discount Rate = 4.61% (= 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 = 463.0 (EV 25.6b - Net Debt -9.73b = Equity 35.3b / Shares 76.3m; 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=15.50 | Chg30d=-0.84% | Revisions=+12% | GrowthEPS=+14.0% | GrowthRev=+18.8%
EPS next Year (2027-12-31): EPS=18.83 | Chg30d=-0.19% | Revisions=-29% | GrowthEPS=+21.4% | GrowthRev=+10.8%
[Analyst] Revisions Ratio: -8% (up=4, down=5)