(HO) Thales S.A. - Ratings and Ratios
Air Defense, Satellites, Avionics, Cybersecurity, Payment
Description: HO Thales S.A.
Thales S.A. is a global provider of advanced solutions in the defence, security, aerospace, and digital identity markets, operating through three main segments: Aerospace, Defence, and Cyber and Digital. The company offers a diverse range of products and services, including air defence systems, combat systems, cybersecurity solutions, digital identity and security solutions, and satellite-based technologies.
From a business perspective, Thales S.A. has a strong presence in the Aerospace & Defense industry, with a market capitalization of approximately €49.998 billion. The companys return on equity (RoE) stands at 28.68%, indicating a robust ability to generate profits from shareholder equity. Additionally, the forward price-to-earnings (P/E) ratio is 22.27, suggesting that the companys future earnings growth is anticipated by the market.
To further analyze Thales S.A.s performance, key performance indicators (KPIs) such as revenue growth, operating margin, and debt-to-equity ratio can be examined. The companys revenue growth has been driven by its diversified portfolio and strategic acquisitions. Thales S.A.s operating margin is also a key metric, as it indicates the companys ability to maintain profitability in the face of changing market conditions. A debt-to-equity ratio analysis can provide insights into the companys capital structure and financial leverage.
Thales S.A.s product portfolio is highly diversified, with a range of offerings across different markets. The companys digital identity and security solutions, for instance, are used in various industries, including banking and payment, data protection, and IoT security. Thales S.A.s aerospace and defence businesses are also significant contributors to its revenue, with products such as flight decks, avionics equipment, and air traffic management solutions.
Overall, Thales S.A.s strong market presence, diversified product portfolio, and robust financial performance make it a significant player in the Aerospace & Defense industry. Its commitment to innovation and R&D is reflected in its range of advanced solutions, positioning the company for long-term growth and success.
HO Stock Overview
| Market Cap in USD | 56,987m |
| Sub-Industry | Aerospace & Defense |
| IPO / Inception |
HO Stock Ratings
| Growth Rating | 93.1 |
| Fundamental | 76.0% |
| Dividend Rating | 62.0 |
| Rel. Strength | 10.5 |
| Analysts | - |
| Fair Price Momentum | 285.83 EUR |
| Fair Price DCF | 208.46 EUR |
HO Dividends
| Dividend Yield 12m | 1.78% |
| Yield on Cost 5y | 6.01% |
| Annual Growth 5y | 53.87% |
| Payout Consistency | 89.5% |
| Payout Ratio | 72.8% |
HO Growth Ratios
| Growth Correlation 3m | -85.9% |
| Growth Correlation 12m | 79.1% |
| Growth Correlation 5y | 96.7% |
| CAGR 5y | 29.99% |
| CAGR/Max DD 5y | 1.37 |
| Sharpe Ratio 12m | 1.14 |
| Alpha | 55.83 |
| Beta | 0.109 |
| Volatility | 23.04% |
| Current Volume | 129.6k |
| Average Volume 20d | 226.6k |
| Stop Loss | 228.3 (-3%) |
| Signal | -0.88 |
Piotroski VR‑10 (Strict, 0-10) 6.5
| Net Income (2.06b TTM) > 0 and > 6% of Revenue (6% = 2.34b TTM) |
| FCFTA 0.07 (>2.0%) and ΔFCFTA -2.20pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -12.20% (prev 1.01%; Δ -13.21pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.10 (>3.0%) and CFO 4.13b > Net Income 2.06b (YES >=105%, WARN >=100%) |
| Net Debt (3.06b) to EBITDA (4.61b) ratio: 0.66 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.81 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (205.3m) change vs 12m ago -3.65% (target <= -2.0% for YES) |
| Gross Margin 26.00% (prev 25.50%; Δ 0.50pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 103.8% (prev 74.39%; Δ 29.37pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 7.44 (EBITDA TTM 4.61b / Interest Expense TTM 339.0m) >= 6 (WARN >= 3) |
Altman Z'' 0.18
| (A) -0.12 = (Total Current Assets 20.90b - Total Current Liabilities 25.66b) / Total Assets 39.99b |
| (B) 0.11 = Retained Earnings (Balance) 4.41b / Total Assets 39.99b |
| (C) 0.07 = EBIT TTM 2.52b / Avg Total Assets 37.59b |
| (D) 0.14 = Book Value of Equity 4.48b / Total Liabilities 32.43b |
| Total Rating: 0.18 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 75.98
| 1. Piotroski 6.50pt = 1.50 |
| 2. FCF Yield 5.41% = 2.71 |
| 3. FCF Margin 7.49% = 1.87 |
| 4. Debt/Equity 1.34 = 1.67 |
| 5. Debt/Ebitda 2.18 = -0.35 |
| 6. ROIC - WACC 22.23% = 12.50 |
| 7. RoE 28.68% = 2.39 |
| 8. Revenue Trend data missing |
| 9. Rev. CAGR 9.58% = 1.20 |
| 10. EPS Trend data missing |
| 11. EPS CAGR 34.42% = 2.50 |
What is the price of HO shares?
Over the past week, the price has changed by +2.79%, over one month by -5.08%, over three months by -3.57% and over the past year by +59.25%.
Is Thales S.A. a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of HO is around 285.83 EUR . This means that HO is currently undervalued and has a potential upside of +21.42% (Margin of Safety).
Is HO a buy, sell or hold?
What are the forecasts/targets for the HO price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 279.2 | 18.6% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 310.1 | 31.7% |
HO Fundamental Data Overview
Market Cap EUR = 48.65b (48.65b EUR * 1.0 EUR.EUR)
CCE Cash And Equivalents = 4.77b EUR (Cash And Short Term Investments, last quarter)
P/E Trailing = 46.6339
P/E Forward = 22.6757
P/S = 2.2789
P/B = 6.8044
P/EG = 2.2047
Beta = 0.585
Revenue TTM = 39.00b EUR
EBIT TTM = 2.52b EUR
EBITDA TTM = 4.61b EUR
Long Term Debt = 6.78b EUR (from nonCurrentLiabilitiesTotal, last quarter)
Short Term Debt = 3.27b EUR (from shortTermDebt, last quarter)
Debt = 10.05b EUR (Calculated: Short Term 3.27b + Long Term 6.78b)
Net Debt = 3.06b EUR (from netDebt column, last quarter)
Enterprise Value = 53.93b EUR (48.65b + Debt 10.05b - CCE 4.77b)
Interest Coverage Ratio = 7.44 (Ebit TTM 2.52b / Interest Expense TTM 339.0m)
FCF Yield = 5.41% (FCF TTM 2.92b / Enterprise Value 53.93b)
FCF Margin = 7.49% (FCF TTM 2.92b / Revenue TTM 39.00b)
Net Margin = 5.28% (Net Income TTM 2.06b / Revenue TTM 39.00b)
Gross Margin = 26.00% ((Revenue TTM 39.00b - Cost of Revenue TTM 28.86b) / Revenue TTM)
Tobins Q-Ratio = 12.05 (Enterprise Value 53.93b / Book Value Of Equity 4.48b)
Interest Expense / Debt = 1.35% (Interest Expense 135.6m / Debt 10.05b)
Taxrate = 20.96% (from yearly Income Tax Expense: 247.3m / 1.18b)
NOPAT = 1.99b (EBIT 2.52b * (1 - 20.96%))
Current Ratio = 0.81 (Total Current Assets 20.90b / Total Current Liabilities 25.66b)
Debt / Equity = 1.34 (Debt 10.05b / last Quarter total Stockholder Equity 7.52b)
Debt / EBITDA = 2.18 (Net Debt 3.06b / EBITDA 4.61b)
Debt / FCF = 3.44 (Debt 10.05b / FCF TTM 2.92b)
Total Stockholder Equity = 7.19b (last 4 quarters mean)
RoA = 5.15% (Net Income 2.06b, Total Assets 39.99b )
RoE = 28.68% (Net Income TTM 2.06b / Total Stockholder Equity 7.19b)
RoCE = 18.06% (Ebit 2.52b / (Equity 7.19b + L.T.Debt 6.78b))
RoIC = 27.73% (NOPAT 1.99b / Invested Capital 7.19b)
WACC = 5.50% (E(48.65b)/V(58.70b) * Re(6.42%)) + (D(10.05b)/V(58.70b) * Rd(1.35%) * (1-Tc(0.21)))
Shares Correlation 5-Years: -90.0 | Cagr: -0.72%
Discount Rate = 6.42% (= CAPM, Blume Beta Adj.) -> floored to rf + ERP 8.05%
[DCF Debug] Terminal Value 76.60% ; FCFE base≈3.09b ; Y1≈2.77b ; Y5≈2.37b
Fair Price DCF = 208.5 (DCF Value 42.81b / Shares Outstanding 205.4m; 5y FCF grow -12.72% → 3.0% )
Revenue Correlation: N/A | Revenue CAGR: 9.58%
Revenue Growth Correlation: 66.53%
EPS Correlation: N/A | EPS CAGR: 34.42%
EPS Growth Correlation: 25.29%