Company Valuation: Thales

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 15,929 25,259 27,925 28,476 47,195 44,462 - -
Change - 58.57% 10.55% 1.97% 65.74% -5.79% - -
Enterprise Value (EV) 1 16,724 25,295 31,925 31,520 48,813 44,738 44,808 40,976
Change - 51.25% 26.21% -1.27% 54.86% -8.35% 0.16% -8.55%
P/E 14.6x 22.6x 27.3x 20.1x 28.2x 25.8x 19x 16.6x
PBR 2.46x 3.49x 4.05x 3.79x 5.93x 5.09x 4.48x 3.91x
PEG - 6.81x -3.8x 0.5x 1.5x 8.57x 0.5x 1.1x
Capitalization / Revenue 0.98x 1.44x 1.52x 1.38x 2.13x 1.87x 1.71x 1.57x
EV / Revenue 1.03x 1.44x 1.73x 1.53x 2.21x 1.88x 1.73x 1.45x
EV / EBITDA 7.12x 10.5x 12.4x 10.9x 12.8x 11.7x 10.4x 8.68x
EV / EBIT 10.1x 13.1x 15x 13x 17.8x 14.9x 13.1x 10.8x
EV / FCF 7.41x 10.2x 15.8x 15.6x 18.9x 18.5x 17.3x 13.6x
FCF Yield 13.5% 9.85% 6.35% 6.43% 5.28% 5.41% 5.79% 7.35%
Dividend per Share 2 2.56 2.94 3.4 3.7 3.9 4.27 4.91 5.568
Rate of return 3.42% 2.46% 2.54% 2.67% 1.7% 1.97% 2.27% 2.57%
EPS 2 5.12 5.29 4.91 6.89 8.15 8.395 11.36 13.02
Distribution rate 50% 55.6% 69.2% 53.7% 47.9% 50.9% 43.2% 42.7%
Net sales 1 16,192 17,569 18,428 20,577 22,136 23,826 25,957 28,234
EBITDA 1 2,348 2,405 2,582 2,898 3,827 3,835 4,294 4,721
EBIT 1 1,649 1,935 2,132 2,419 2,740 3,003 3,420 3,811
Net income 1 1,089 1,121 1,023 1,420 1,675 1,672 2,230 2,567
Net Debt 1 795 35.2 4,000 3,044 1,618 276.5 346.2 -3,486
Reference price 2 74.80 119.30 133.95 138.65 229.80 216.40 216.40 216.40
Nbr of stocks (in thousands) 212,957 211,730 208,476 205,380 205,373 205,461 - -
Announcement Date 3/3/22 3/8/23 3/5/24 3/4/25 3/3/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
34.89x6.43x26.94x0.59% 315B
29.88x2.81x16.66x1.59% 243B
25.28x1.67x12.46x1.82% 166B
33.13x4.8x20.08x1.04% 154B
32x3.5x15.89x1.29% 148B
-632.03x1.75x39.79x-.--% 149B
16.39x1.6x11.5x2.81% 115B
40.45x9.13x28.31x0.23% 88.83B
19.22x1.63x13.35x1.93% 88.24B
Average -44.53x 3.70x 20.55x 1.26% 163.03B
Weighted average by Cap. -37.22x 3.85x 21.12x 1.19%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Thales

Historical PBR trend

Valuation ratios - PBR - Thales

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Thales

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Thales


Year-on-year evolution of the Yield

Valuation ratios - Yield - Thales