Thales (LSE:0IW5) - Stock Price, News & Analysis

0IW5 Stock Overview

Thales S.A. provides various solutions in the defence and security, aerospace and space, digital identity and security, and transport markets worldwide.

About the company

0IW5 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	1/6
Financial Health	3/6
Dividends	3/6

Rewards

Trading at 38.2% below our estimate of its fair value

Earnings are forecast to grow 15.08% per year

Risk Analysis

Has a high level of debt

Large one-off items impacting financial results

Thales S.A. Competitors

BAE Systems

LSE:BA.

UK£39.8b

Rolls-Royce Holdings

LSE:RR.

UK£33.6b

Babcock International Group

LSE:BAB

UK£2.5b

QinetiQ Group

LSE:QQ.

UK£1.9b

Price History & Performance

Summary of all time highs, changes and price drops for Thales
Historical stock prices
Current Share Price	€157.10
52 Week High	€163.55
52 Week Low	€126.55
Beta	0.59
1 Month Change	3.98%
3 Month Change	16.73%
1 Year Change	10.20%
3 Year Change	82.55%
5 Year Change	41.85%
Change since IPO	295.25%

Recent updates

Shareholder Returns

	0IW5	GB Aerospace & Defense	GB Market
7D	0.5%	1.6%	-1.4%
1Y	10.2%	28.7%	-2.4%

Return vs Industry: 0IW5 underperformed the UK Aerospace & Defense industry which returned 30% over the past year.

Return vs Market: 0IW5 exceeded the UK Market which returned -1% over the past year.

Price Volatility

Is 0IW5's price volatile compared to industry and market?
0IW5 volatility
0IW5 Average Weekly Movement	4.0%
Aerospace & Defense Industry Average Movement	3.7%
Market Average Movement	4.9%
10% most volatile stocks in GB Market	11.5%
10% least volatile stocks in GB Market	2.7%

Stable Share Price: 0IW5 has not had significant price volatility in the past 3 months.

Volatility Over Time: 0IW5's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1893	78,600	Patrice Caine	www.thalesgroup.com/en

Thales S.A. provides various solutions in the defence and security, aerospace and space, digital identity and security, and transport markets worldwide. It operates through Aerospace, Defence & Security, Digital Identity & Security, and Ground Transportation Systems business 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 S.A. Fundamentals Summary

How do Thales's earnings and revenue compare to its market cap?
0IW5 fundamental statistics
Market cap	€32.47b
Earnings (TTM)	€949.10m
Revenue (TTM)	€18.43b

34.2x

P/E Ratio

1.8x

P/S Ratio

Is 0IW5 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
0IW5 income statement (TTM)
Revenue	€18.43b
Cost of Revenue	€13.66b
Gross Profit	€4.77b
Other Expenses	€3.82b
Earnings	€949.10m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

Jul 23, 2024

Earnings per share (EPS)	4.59
Gross Margin	25.86%
Net Profit Margin	5.15%
Debt/Equity Ratio	100.2%

How did 0IW5 perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

75%

Payout Ratio

Does 0IW5 pay a reliable dividends?

See 0IW5 dividend history and benchmarks

When do you need to buy 0IW5 by to receive an upcoming dividend?
Thales dividend dates
Ex Dividend Date	May 21 2024
Dividend Pay Date	May 23 2024
Days until Ex dividend	33 days
Days until Dividend pay date	35 days

Does 0IW5 pay a reliable dividends?

See 0IW5 dividend history and benchmarks

0IW5 Stock Overview

Rewards

Risk Analysis

Thales S.A. Competitors

LSE:BA.

UK£39.8b

LSE:RR.

UK£33.6b

LSE:BAB

UK£2.5b

LSE:QQ.

UK£1.9b

Price History & Performance

Recent News & Updates

Full year 2023 earnings released: EPS: €4.55 (vs €5.25 in FY 2022)

Thales S.A. (ENXTPA:HO) completed the acquisition of Cobham Aerospace Communications from Cobham Limited.

Final dividend increased to €2.60

Full year 2023 earnings released: EPS: €4.55 (vs €5.25 in FY 2022)

Thales and Quantinuum Launch Starter Kit to Help Enterprises Prepare for Post-Quantum Cryptography Changes Ahead

Thales S.A. Announces Management Changes

Recent updates

Full year 2023 earnings released: EPS: €4.55 (vs €5.25 in FY 2022)

Thales S.A. (ENXTPA:HO) completed the acquisition of Cobham Aerospace Communications from Cobham Limited.

Final dividend increased to €2.60

Full year 2023 earnings released: EPS: €4.55 (vs €5.25 in FY 2022)

Thales and Quantinuum Launch Starter Kit to Help Enterprises Prepare for Post-Quantum Cryptography Changes Ahead

Thales S.A. Announces Management Changes

Thales S.A. (ENXTPA:HO) completed the acquisition of Imperva, Inc. from Thoma Bravo, L.P.

Thales S.A. to Report First Half, 2024 Results on Jul 22, 2024

Upcoming dividend of €0.80 per share at 2.1% yield

Thales Appoints Abdelhafid Mordi as CEO in UAE and CEO of Thales Emarat Technologies

Thales S.A., Annual General Meeting, May 15, 2024

Thales Announces Appointment of Loic Rocard to the Board of Directors

Thales Announces the Appointment of Fabien Bortoluzzi as Managing Director of Thales Operations in Western & Central Africa

Now 21% undervalued

Thales Launches Cloud-Based Payment HSM Service to Help Accelerate Adoption of Cloud Payments Infrastructure

Thales S.A. (ENXTPA:HO) entered into agreement to acquire Imperva, Inc. from Thoma Bravo, L.P. for an enterprise value of $3.6 billion.

First half 2023 earnings released: EPS: €2.97 (vs €2.61 in 1H 2022)

Thales S.A. Sales Earnings Guidance for the Fiscal Year 2023

Thales Announces to Expand Scope of Security Monitoring and Include New Assets in G2G System

Thales Announces CipherTrust Data Security Platform As-A-Service

Now 20% undervalued

Upcoming dividend of €2.24 per share at 2.1% yield

Now 20% undervalued

Full year 2022 earnings released: EPS: €5.25 (vs €4.56 in FY 2021)

Now 21% undervalued

Thales Reinforces Its Border & Travel Offer with the New Multimodal Biometric Pod

Upcoming dividend of €0.70 per share

Thales S.A. to Report First Half, 2023 Results on Jul 21, 2023

Thales Encryption Key Management Innovations Help Organizations Achieve Digital Sovereignty Across Hybrid and Multi-Cloud Environments

Thales S.A. (ENXTPA:HO) completed the acquisition of Maxive Cybersecurity from Sonae Investment Management - Software & Technology, SGPS, S.A.

Thales Announces Interim Dividend for the 2022 Financial Year, Payable on December 8, 2022

Safran to Acquire Thales' Aeronautical Electrical Systems Activities

Thales Appoints Emily Tan as Country Director for Thales Singapore

First half 2022 earnings released: EPS: €2.61 (vs €1.86 in 1H 2021)

Thales S.A. (ENXTPA:HO) signed an agreement to acquire OneWelcome B.V. for €100 million.

Thales S.A. Appoints Jeff Connolly as CEO

Thales Launches HELIXVIEW, a Revolutionary Airport Scanner Allowing Passenger to Not Remove Item from Luggage

Thales S.A. Announces the New Cinterion Mv32 Modem Card That Makes It Quicker and Easier for Manufacturers to Build and Maintain Resilient

Thales S.A. (ENXTPA:HO) entered into definitive agreement to acquire Maxive Cybersecurity from Sonae Investment Management - Software & Technology, SGPS, S.A.. for €120 million.

Thales S.A. (ENXTPA:HO) entered into definitive agreement to acquire Maxive Cybersecurity from Sonae Investment Management - Software & Technology, SGPS, S.A.. for €120 million.

Upcoming dividend of €1.96 per share

Thales S.A. (ENXTPA:HO) completed the acquisition of RUAG S&T from RUAG International Holding AG.

Now 20% undervalued

Full year 2021 earnings released: EPS: €4.56 (vs €2.07 in FY 2020)

Now 23% undervalued

Thales S.A. to Report First Half, 2022 Results on Jul 22, 2022

Full year 2021 earnings: Revenues miss analyst expectations

Investor sentiment improved over the past week

Advent Reportedly Gears Up for $4.6 Billion Sale of IDEMIA

Atos' Cybersecurity Arm Is Not Up for Sale

Thales Reportedly to Buy the Cybersecurity Business of Atos SE

Thales Launches New IoT Connectivity Solution with Improved Reliability and Security for Smart Devices

Upcoming dividend of €0.60 per share

Sopra Steria Has Not Made M&A Approach to Atos

Hitachi Rail Limited entered into an agreement Ground Transportation Systems Business from Thales S.A. (ENXTPA:HO) for an enterprise value of €1.7 billion.

Thales Confirms Talks to Sell Ground Systems Unit to Hitachi Rail

First half 2021 earnings released: EPS €2.03 (vs €0.31 in 1H 2020)

Thales S.A. Brings Cinterion IoT Suite Connectivity to Any Cellular Network Worldwide

Thales S.A. (ENXTPA:HO) commences an Equity Buyback Plan, under the authorization approved on May 6, 2021.