Dassault Aviation société anonyme

ENXTPA:AM Stock Report

Market Cap: €14.7b

Dassault Aviation société anonyme Valuation

Is AM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of AM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AM (€188) is trading above our estimate of fair value (€38.21)

Significantly Below Fair Value: AM is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for AM?

Other financial metrics that can be useful for relative valuation.

AM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.2x
Enterprise Value/EBITDA12.2x
PEG Ratio1.2x

Price to Earnings Ratio vs Peers

How does AM's PE Ratio compare to its peers?

The above table shows the PE ratio for AM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average73.1x
HO Thales
32.5x20.2%€31.0b
170xn/a€4.1b
AIR Airbus
36x21.8%€111.1b
SAF Safran
53.8x19.8%€88.2b
AM Dassault Aviation société anonyme
18.2x15.4%€14.7b

Price-To-Earnings vs Peers: AM is good value based on its Price-To-Earnings Ratio (18.2x) compared to the peer average (73.1x).


Price to Earnings Ratio vs Industry

How does AM's PE Ratio compare vs other companies in the European Aerospace & Defense Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a20.6%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a20.6%
n/an/an/a
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Price-To-Earnings vs Industry: AM is good value based on its Price-To-Earnings Ratio (18.2x) compared to the European Aerospace & Defense industry average (23.2x).


Price to Earnings Ratio vs Fair Ratio

What is AM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.2x
Fair PE Ratio21.2x

Price-To-Earnings vs Fair Ratio: AM is good value based on its Price-To-Earnings Ratio (18.2x) compared to the estimated Fair Price-To-Earnings Ratio (21.2x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst AM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€188.00
€219.53
+16.8%
9.1%€255.00€193.00n/a15
Oct ’25€187.40
€220.20
+17.5%
9.0%€255.00€193.00n/a15
Sep ’25€194.80
€219.87
+12.9%
9.2%€255.00€190.00n/a15
Aug ’25€186.00
€219.93
+18.2%
9.3%€250.00€190.00n/a14
Jul ’25€171.20
€220.29
+28.7%
8.6%€250.00€193.00n/a14
Jun ’25€199.00
€220.29
+10.7%
8.6%€250.00€193.00n/a14
May ’25€201.20
€217.93
+8.3%
9.4%€250.00€193.00n/a14
Apr ’25€204.00
€209.64
+2.8%
7.7%€241.00€193.00n/a14
Mar ’25€183.10
€205.13
+12.0%
6.8%€240.00€190.00n/a15
Feb ’25€175.70
€205.21
+16.8%
7.0%€240.00€190.00n/a14
Jan ’25€179.20
€208.57
+16.4%
8.0%€240.00€181.00n/a14
Dec ’24€184.10
€207.93
+12.9%
8.0%€240.00€181.00n/a14
Nov ’24€187.30
€206.14
+10.1%
7.9%€240.00€181.00n/a14
Oct ’24€178.40
€205.43
+15.2%
8.3%€240.00€181.00€187.4014
Sep ’24€181.00
€204.43
+12.9%
8.5%€240.00€181.00€194.8014
Aug ’24€176.70
€204.07
+15.5%
8.6%€240.00€181.00€186.0014
Jul ’24€183.40
€197.86
+7.9%
7.5%€240.00€181.00€171.2014
Jun ’24€162.70
€195.50
+20.2%
4.4%€210.00€183.00€199.0012
May ’24€177.30
€194.67
+9.8%
4.4%€210.00€183.00€201.2012
Apr ’24€182.60
€194.42
+6.5%
4.5%€210.00€183.00€204.0012
Mar ’24€162.30
€181.42
+11.8%
6.0%€200.00€166.00€183.1012
Feb ’24€157.00
€181.73
+15.7%
6.1%€200.00€166.00€175.7011
Jan ’24€158.20
€178.80
+13.0%
6.0%€200.00€163.00€179.2010
Dec ’23€151.40
€178.30
+17.8%
6.1%€200.00€163.00€184.1010
Nov ’23€150.50
€173.89
+15.5%
8.1%€200.00€152.00€187.309
Oct ’23€117.00
€174.00
+48.7%
8.8%€200.00€142.00€178.4010

Analyst Forecast: Target price is less than 20% higher than the current share price.


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