Thales S.A.

Report azionario ENXTPA:HO

Capitalizzazione di mercato: €48.1b

Thales Crescita futura

Criteri Future verificati 3/6

Thales prevede che gli utili e i ricavi cresceranno rispettivamente di 11% e 7.2% all'anno. Si prevede che l'EPS crescerà di 11.9% all'anno. Si prevede che il ritorno sul capitale proprio sarà di 24.7% in 3 anni.

Informazioni chiave

11.0%

Tasso di crescita degli utili

11.91%

Tasso di crescita dell'EPS

Aerospace & Defense crescita degli utili9.3%
Tasso di crescita dei ricavi7.2%
Rendimento futuro del capitale proprio24.72%
Copertura analitica

Good

Ultimo aggiornamento24 Apr 2026

Aggiornamenti recenti sulla crescita futura

Recent updates

HO: Defence Strength And Rising Earnings Assumptions Will Drive Future Upside Potential

Analysts have lifted the Thales price target by roughly €9, supported by updated assumptions on fair value, revenue growth, profit margin, a slightly lower future P/E multiple, and recent target changes from several research houses including UBS, Deutsche Bank, Citi, JPMorgan and Jefferies. Analyst Commentary Recent research has focused on how current execution, especially in different business segments, lines up with where the shares are trading and where analysts see fair value.

HO: Defence Strength And Cyber Recovery Will Support Future Earnings Rerating

Narrative Update on Thales The analyst price target for Thales has been revised to €308, up from €284, as analysts weigh stronger views on the Defence business and recent target increases against concerns around Cyber & Digital earnings and higher expected interest and tax charges. Analyst Commentary Recent research on Thales gives you a mix of optimism and caution.

HO: Defence Strength And Cyber Turnaround Will Support Stronger Medium Term Earnings Power

The analyst price target for Thales has been lifted modestly, with the new fair value estimate moving by about €1 to €354.79. Analysts are factoring in slightly different discount rate assumptions alongside updated views on revenue growth, profit margins, and future P/E, supported by recent upgrades and target increases from several firms, as well as a downgrade that cited Cyber & Digital headwinds and higher expected interest and tax charges.

HO: Defense Exposure And Margin Gains Will Support Stronger Medium Term Earnings Power

Analysts have lifted their average price target on Thales to about €356 from roughly €338, reflecting a slightly higher fair value view even as they balance stronger defence and margin expectations with more cautious assumptions for revenue growth and interest costs. Analyst Commentary Recent research shows a mix of views on Thales, with some firms becoming more cautious on execution in certain divisions, while others highlight what they see as attractive defence exposure and scope for improved returns.

HO: Local Champion Positioning In Defense And Technology Will Drive Upside Potential

Analysts have raised their fair value estimate for Thales from €281.22 to €285.67, citing recent upgrades and higher price targets. These changes reflect more constructive views on its role as a European defense and technology "local champion," with a portfolio they consider better positioned relative to peers.

HO: Cyber Execution Risks Will Temper Upside Despite Defense And AI Security Momentum

Analysts have nudged their price expectations for Thales higher by €5, supported by slightly stronger assumptions on revenue growth and profit margins, as well as a modest adjustment to the future P/E they apply. Analyst Commentary Recent research has been generally constructive on Thales, with several firms adjusting their stances and price assumptions.

HO: Space Joint Venture And Defense Positioning Will Shape Balanced Upside Potential

Narrative Update The analyst price target for Thales has edged higher by about €1.53 to €281.22, as analysts factor in updated assumptions for revenue growth, profit margins, discount rate and a lower future P/E following recent target increases and rating changes from Berenberg, Bernstein and Morgan Stanley. Analyst Commentary Recent research updates on Thales point to a generally constructive stance, with price targets adjusted upward and at least one rating moved higher.

HO: Cyber Margin Drag Will Constrain Upside Despite Defense And Aerospace Execution

Analysts have nudged their price targets on Thales higher into a €250 to €275 range, pointing to solid Q3 performance in Defense and Aerospace, a slightly lower discount rate, and a modestly higher future P/E assumption, while continuing to flag Cyber as a key margin headwind. Analyst Commentary Recent research on Thales has centered on how to balance strong Q3 delivery in Defense and Aerospace with ongoing pressure in Cyber and questions around how much optimism is already reflected in current valuation multiples.

HO: Defense Strength And Cyber Drag Will Shape Mid Term Performance

Analysts have raised their price target on Thales to EUR 230 from EUR 220, citing a series of upward revisions to Street targets and increasing confidence in the company’s ability to sustain mid single digit organic growth and resilient margins despite lingering cyber headwinds. Analyst Commentary Recent Street research reflects a more nuanced stance on Thales, with rising price targets tempered by lingering concerns around certain business segments and the durability of current valuation multiples.

HO: Defense And Aerospace Momentum Will Drive Stronger Medium Term Earnings Power

Analysts have nudged their fair value estimate for Thales slightly higher to about EUR 338 from EUR 337, citing a series of recent price target increases that reflect solid Defense and Aerospace performance, partially offset by ongoing Cyber margin concerns. Analyst Commentary Bullish analysts have recently raised their targets for Thales, highlighting confidence in the company’s ability to execute on its growth strategy despite lingering concerns in Cyber.

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

HO: Defense And Aerospace Momentum Will Drive Upside From Robust Sector Demand

Analysts have slightly raised their fair value estimate for Thales from €279.13 to €279.69. This reflects ongoing strength in Defense and Aerospace, though some concerns remain over Cyber margin pressures.

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

European Defense Expansion and Cyber Efforts Will Drive Aerospace and Space Opportunities

Analysts have modestly raised their fair value estimate for Thales to EUR 279.13. This reflects continued optimism around stronger Aerospace performance and steady revenue growth forecasts.

European Defense And Cybersecurity Trends Will Fuel Aerospace And Space Opportunities

Thales' consensus analyst price target saw a slight downward revision to €275.56 as bullish drivers such as strong defense sector demand and order visibility were partially offset by valuation concerns, though the overall outlook remains broadly positive. Analyst Commentary Bullish analysts cite robust rearmament cycles and elevated defense sector demand as key drivers for higher price targets.

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
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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.

Previsioni di crescita degli utili e dei ricavi

ENXTPA:HO - Stime future degli analisti e dati finanziari passati (EUR Millions )
DataRicaviUtiliFlusso di cassa liberoLiquidità dell'operazioneAvg. Numero di analisti
12/31/202827,9672,4822,8133,77414
12/31/202725,7202,1822,5253,46417
12/31/202623,8051,8252,2273,11716
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

Previsioni di crescita futura degli analisti

Guadagni vs tasso di risparmio: La crescita prevista degli utili di HO ( 11% all'anno) è superiore al tasso di risparmio ( 2.3% ).

Guadagni vs Mercato: Si prevede che gli utili di HO ( 11% all'anno) cresceranno più lentamente rispetto al mercato French ( 12.3% all'anno).

Guadagni ad alta crescita: Si prevede che gli utili di HO cresceranno, ma non in modo significativo.

Ricavi vs Mercato: Si prevede che il fatturato di HO ( 7.2% all'anno) crescerà più rapidamente del mercato French ( 5.6% all'anno).

Ricavi ad alta crescita: Si prevede che il fatturato di HO ( 7.2% all'anno) crescerà più lentamente di 20% all'anno.

Previsioni di crescita dell'utile per azione

Rendimento futuro del capitale proprio

ROE futuro: Si prevede che il Return on Equity di HO sarà elevato tra 3 anni ( 24.7 %)

Scoprire le aziende in crescita

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Analisi aziendale e situazione dei dati finanziari

DatiUltimo aggiornamento (ora UTC)
Analisi dell'azienda2026/05/03 08:01
Prezzo dell'azione a fine giornata2026/04/30 00:00
Utili2025/12/31
Utili annuali2025/12/31

Fonti dei dati

I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.

PacchettoDatiTempisticaEsempio Fonte USA *
Dati finanziari della società10 anni
  • Conto economico
  • Rendiconto finanziario
  • Bilancio
Stime di consenso degli analisti+3 anni
  • Previsioni finanziarie
  • Obiettivi di prezzo degli analisti
Prezzi di mercato30 anni
  • Prezzi delle azioni
  • Dividendi, scissioni e azioni
Proprietà10 anni
  • Top azionisti
  • Insider trading
Gestione10 anni
  • Team di leadership
  • Consiglio di amministrazione
Sviluppi principali10 anni
  • Annunci aziendali

* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.

Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.

Modello di analisi e Snowflake

I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina Github; abbiamo anche guide su come utilizzare i nostri report e tutorial su Youtube.

Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.

Metriche di settore e industriali

Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.

Fonti analitiche

Thales S.A. è coperta da 27 analisti. 17 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.

AnalistaIstituzione
Milene KernerBarclays
Joseph CampbellBarclays
George McwhirterBerenberg