Thales S.A.

ENXTPA:HO Stock Report

Market Cap: €50.5b

Thales Future Growth

Future criteria checks 3/6

Thales is forecast to grow earnings and revenue by 11.9% and 7.3% per annum respectively. EPS is expected to grow by 12.1% per annum. Return on equity is forecast to be 24.5% in 3 years.

Key information

11.9%

Earnings growth rate

12.08%

EPS growth rate

Aerospace & Defense earnings growth8.9%
Revenue growth rate7.3%
Future return on equity24.51%
Analyst coverage

Good

Last updated24 Mar 2026

Recent future growth updates

Recent updates

Thales (EPA:HO) Is Due To Pay A Dividend Of €0.95

Nov 23
Thales (EPA:HO) Is Due To Pay A Dividend Of €0.95

Thales (EPA:HO) Is Due To Pay A Dividend Of €0.95

Oct 28
Thales (EPA:HO) Is Due To Pay A Dividend Of €0.95

Investors Appear Satisfied With Thales S.A.'s (EPA:HO) Prospects

Aug 25
Investors Appear Satisfied With Thales S.A.'s (EPA:HO) Prospects

Most Shareholders Will Probably Agree With Thales S.A.'s (EPA:HO) CEO Compensation

May 09
Most Shareholders Will Probably Agree With Thales S.A.'s (EPA:HO) CEO Compensation

Thales' (EPA:HO) Upcoming Dividend Will Be Larger Than Last Year's

Apr 19
Thales' (EPA:HO) Upcoming Dividend Will Be Larger Than Last Year's

Thales (EPA:HO) Is Increasing Its Dividend To €2.85

Apr 05
Thales (EPA:HO) Is Increasing Its Dividend To €2.85
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Debt Costs Will Rise, But Defence Contracts Will Open Future Opportunities

Increased financial expenses due to higher debt costs from recent acquisitions may affect future earnings growth.

Earnings and Revenue Growth Forecasts

ENXTPA:HO - Analysts future estimates and past financials data (EUR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202827,9252,5232,8243,77413
12/31/202725,6522,2582,5333,46416
12/31/202623,7991,8522,2353,11516
12/31/202522,1361,6752,5653,322N/A
9/30/202521,7431,3602,5833,293N/A
6/30/202521,3491,0462,6013,265N/A
3/31/202520,9631,0272,3082,951N/A
12/31/202420,5771,0072,0152,638N/A
9/30/202419,8919801,4172,041N/A
6/30/202419,2059538201,444N/A
3/31/202418,8179518951,520N/A
12/31/202318,4289499711,596N/A
9/30/202318,2281,0631,3061,926N/A
6/30/202318,0281,1781,6422,256N/A
3/31/202317,7991,1452,0512,625N/A
12/31/202217,5691,1122,4612,995N/A
9/30/202217,1741,1202,5933,089N/A
6/30/202216,7801,1292,7253,183N/A
3/31/202216,4861,0502,5543,008N/A
12/31/202116,1929712,3832,833N/A
6/30/202115,2897731,8532,253N/A
3/31/202115,3306071,3221,712N/A
12/31/202015,3714417911,171N/A
9/30/202017,4765571,0381,481N/A
6/30/202017,9626301,1251,616N/A
3/31/202018,1828761,1961,693N/A
12/31/201918,4011,1221,2671,770N/A
9/30/201917,4971,102N/A1,412N/A
6/30/201916,5921,082N/A1,053N/A
3/31/201916,2241,032N/A1,073N/A
12/31/201815,855982N/A1,093N/A
9/30/201815,708910N/A1,137N/A
6/30/201815,561838N/A1,182N/A
3/31/201815,394759N/A1,448N/A
12/31/201715,228680N/A1,713N/A
9/30/201715,193771N/A1,596N/A
6/30/201715,158862N/A1,478N/A
3/31/201715,021904N/A1,408N/A
12/31/201614,885946N/A1,338N/A
9/30/201614,724915N/A1,592N/A
6/30/201614,562883N/A1,845N/A
3/31/201614,313824N/A1,656N/A
12/31/201514,063765N/A1,468N/A
9/30/201513,844656N/A1,286N/A
6/30/201513,626548N/A1,104N/A
3/31/201513,300631N/A990N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: HO's forecast earnings growth (11.9% per year) is above the savings rate (2.3%).

Earnings vs Market: HO's earnings (11.9% per year) are forecast to grow slower than the French market (12.3% per year).

High Growth Earnings: HO's earnings are forecast to grow, but not significantly.

Revenue vs Market: HO's revenue (7.3% per year) is forecast to grow faster than the French market (5.5% per year).

High Growth Revenue: HO's revenue (7.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: HO's Return on Equity is forecast to be high in 3 years time (24.5%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/25 09:39
End of Day Share Price 2026/03/25 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Thales S.A. is covered by 27 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Joseph CampbellBarclays
Milene KernerBarclays
George McwhirterBerenberg