HO Stock Overview
Thales S.A. provides various solutions for civilian and military customers in the aeronautics, space, defense, security, ground transportation, and digital security markets worldwide.
Price History & Performance
|Historical stock prices|
|Current Share Price||€116.85|
|52 Week High||€131.15|
|52 Week Low||€70.54|
|1 Month Change||-0.68%|
|3 Month Change||2.28%|
|1 Year Change||36.38%|
|3 Year Change||8.95%|
|5 Year Change||25.01%|
|Change since IPO||448.52%|
Recent News & Updates
Thales (EPA:HO) Is Increasing Its Dividend To €1.96
The board of Thales S.A. ( EPA:HO ) has announced that it will be increasing its dividend on the 19th of May to €1.96...
|HO||FR Aerospace & Defense||FR Market|
Return vs Industry: HO exceeded the French Aerospace & Defense industry which returned -7.8% over the past year.
Return vs Market: HO exceeded the French Market which returned -11% over the past year.
|HO Average Weekly Movement||3.1%|
|Aerospace & Defense Industry Average Movement||4.4%|
|Market Average Movement||5.0%|
|10% most volatile stocks in FR Market||9.2%|
|10% least volatile stocks in FR Market||2.9%|
Stable Share Price: HO is less volatile than 75% of French stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: HO's weekly volatility (3%) has been stable over the past year.
About the Company
Thales S.A. provides various solutions for civilian and military customers in the aeronautics, space, defense, security, ground transportation, and digital security markets worldwide. It operates through Aerospace, Transport, Defence & Security, and Digital Identity & Security segments. The company offers communications, command, and control systems; mission services and support; protection and mission/combat systems; surveillance, detection, and intelligence systems; training and simulation solutions for air, land, naval, and joint forces; and digital identity and security solutions.
Thales Fundamentals Summary
|HO fundamental statistics|
Is HO overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|HO income statement (TTM)|
|Cost of Revenue||€12.16b|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
Jul 21, 2022
|Earnings per share (EPS)||4.56|
|Net Profit Margin||6.00%|
How did HO perform over the long term?See historical performance and comparison
2.2%Current Dividend Yield
Is HO undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for HO?
Other financial metrics that can be useful for relative valuation.
|What is HO's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does HO's PE Ratio compare to its peers?
|HO PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
AM Dassault Aviation Société anonyme
Price-To-Earnings vs Peers: HO is good value based on its Price-To-Earnings Ratio (25.6x) compared to the peer average (275x).
Price to Earnings Ratio vs Industry
How does HO's PE Ratio compare vs other companies in the European Aerospace & Defense Industry?
Price-To-Earnings vs Industry: HO is expensive based on its Price-To-Earnings Ratio (25.6x) compared to the French Aerospace & Defense industry average (23.3x)
Price to Earnings Ratio vs Fair Ratio
What is HO'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.
|Current PE Ratio||25.6x|
|Fair PE Ratio||24.2x|
Price-To-Earnings vs Fair Ratio: HO is expensive based on its Price-To-Earnings Ratio (25.6x) compared to the estimated Fair Price-To-Earnings Ratio (24.2x).
Share Price vs Fair Value
What is the Fair Price of HO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: HO (€116.85) is trading below our estimate of fair value (€168.98)
Significantly Below Fair Value: HO is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: HO is poor value based on its PEG Ratio (2x)
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How is Thales forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HO's forecast earnings growth (13.1% per year) is above the savings rate (0.3%).
Earnings vs Market: HO's earnings (13.1% per year) are forecast to grow faster than the French market (11.7% per year).
High Growth Earnings: HO's earnings are forecast to grow, but not significantly.
Revenue vs Market: HO's revenue (6.1% per year) is forecast to grow faster than the French market (5.9% per year).
High Growth Revenue: HO's revenue (6.1% 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 (21%)
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How has Thales performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HO has high quality earnings.
Growing Profit Margin: HO's current net profit margins (6%) are higher than last year (2.9%).
Past Earnings Growth Analysis
Earnings Trend: HO's earnings have declined by 2.8% per year over the past 5 years.
Accelerating Growth: HO's earnings growth over the past year (120.2%) exceeds its 5-year average (-2.8% per year).
Earnings vs Industry: HO earnings growth over the past year (120.2%) exceeded the Aerospace & Defense industry 13.3%.
Return on Equity
High ROE: HO's Return on Equity (15.1%) is considered low.
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How is Thales's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: HO's short term assets (€19.7B) exceed its short term liabilities (€18.6B).
Long Term Liabilities: HO's short term assets (€19.7B) exceed its long term liabilities (€7.5B).
Debt to Equity History and Analysis
Debt Level: HO has more cash than its total debt.
Reducing Debt: HO's debt to equity ratio has increased from 31.8% to 65.6% over the past 5 years.
Debt Coverage: HO's debt is well covered by operating cash flow (64.2%).
Interest Coverage: HO's interest payments on its debt are well covered by EBIT (22.4x coverage).
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What is Thales's current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HO's dividend (2.19%) is higher than the bottom 25% of dividend payers in the French market (1.81%).
High Dividend: HO's dividend (2.19%) is low compared to the top 25% of dividend payers in the French market (5.43%).
Stability and Growth of Payments
Stable Dividend: HO's dividend payments have been volatile in the past 10 years.
Growing Dividend: HO's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (56.1%), HO's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (22.9%), HO's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Patrice Caine (51 yo)
Mr. Patrice Caine has been the Chairman and Chief Executive Officer of Thales SA since December 23, 2014. In 2002, Mr. Caine joined the Thales Group's Strategy department before being appointed to manage t...
CEO Compensation Analysis
Compensation vs Market: Patrice's total compensation ($USD2.51M) is below average for companies of similar size in the French market ($USD3.98M).
Compensation vs Earnings: Patrice's compensation has increased by more than 20% in the past year.
Experienced Management: HO's management team is seasoned and experienced (6.8 years average tenure).
Experienced Board: HO's board of directors are considered experienced (9.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Thales S.A.'s employee growth, exchange listings and data sources
- Name: Thales S.A.
- Ticker: HO
- Exchange: ENXTPA
- Founded: 1893
- Industry: Aerospace and Defense
- Sector: Capital Goods
- Implied Market Cap: €24.472b
- Shares outstanding: 212.99m
- Website: https://www.thalesgroup.com/en
Number of Employees
- Thales S.A.
- Tour Carpe Diem
- Place des Corolles
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/28 00:00|
|End of Day Share Price||2022/06/28 00:00|
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 here.