Thales S.A. Stock HO, quote Euronext Paris

Previous close	136.55
Open	136.85
Bid	0.00 x 0
Ask	0.00 x 0
Day's range	135.40 - 137.00
52 week range	108.15 - 144.15
Volume	207,207
Average volume	222,869

Market Cap	28.505B
Beta (5 year Monthly)	0.65
PER	25.94
EPS	5.23
Earnings date	Oct 31, 2023
Forward dividend & yield	2.94 (2.15%)
Ex-Dividend date	May 23, 2023
1 year target	153.10

Thales S.A. stock reports 2025 sales of 16 192 000 000.
Its closing price is 136.55 and analysts have a target price of 153.10. In the last 52 weeks, its price has fluctuated between 108.15 and 144.15.
Thales S.A. has a market capitalization of 26270000000, a PER of 25.94 and earnings per share of 5.23.

Finances Thales S.A.

Earnings & revenue

Total revenue

Net Income

Gross profit

Free Cash Flow

Revenue estimate number of analysts : 16

Valuation

52 week range

108.15

136.55

144.15

1 year target

136.55

<- 12% ->

153.10

PER
25.94

PEG
2.20

P/FCF
12

Price to Book
3.46

Book value
35.81

Return on Equity
16.83%

Return on Assets
2.57%

Financials

All figures on Thales S.A. for the last 5 years.

Statistics

Valuation

Marketcap (intraday)	26.27B
Enterprise value	27.16B
Trailing P/E	23.39
Forward P/E	18.21
PEG Ratio (5 yr expected)	2.20
Price to sales (ttm)	1.57
Price to Book (MRQ) (mrq)	3.46
Enterprise value/Revenue	1.62
Enterprise value/EBITDA	10.94

Income statement

Revenue (ttm)	16.78B
Revenue Per Share (ttm)	78.88
Quarterly Revenue Growth (yoy)	7.70%
Gross Profit (ttm)	4.03B
EBITDA	2.02B
Net Income available to Common (ttm)	1.13B
Diluted EPS (ttm)	5.30
Quarterly Earnings Growth (yoy)	30.80%

Price history

Beta (5 year Monthly)	0.70
52-Week Change	41.32%
S&P500 52-Week Change	-7.20%
52 Week High	131.15
52 Week Low	70.54
50-Day Moving Average	118.26
200-Day Moving Average	101.12

Profitability

Profit Margin	7.28%
Operating Margin (ttm)	7.87%

Fiscal Year

Fiscal year ends	Dec 31, 2021
Most Recent Quarter (mrq)	Jun 30, 2022

Management Effectiveness

Return on Assets (ttm)	2.57%
Return on Equity (ttm)	16.83%

Statistics

Avg Vol (3 month)	344.17k
Avg Vol (10 day)	249.24k
Shares Outstanding	211.89M
Implied Shares Outstanding	N/A
Float 8	97.64M
% Held by Insiders	53.53%
% Held by Institutions	19.72%
Shares Short	N/A
Short Ratio	N/A
Short % of Float	N/A
Short % of Shares Outstanding	N/A
Shares Short (prior month)	N/A

Dividend & Splits

Forward Annual Dividend Rate	2.56
Forward Annual Dividend Yield	2.08%
Trailing Annual Dividend Rate	1.96
Trailing Annual Dividend Yield	1.57%
5 Year Average Dividend Yield	1.81
Payout Ratio	48.29%
Dividend Date	N/A
Ex-Dividend Date	May 17, 2022
Last Split Factor	N/A
Last Split Date	N/A

Balance sheet

Total Cash (mrq)	4.46B
Total Cash Per Share (mrq)	21.06
Total Debt (mrq)	5.35B
Total Debt/Equity (mrq)	68.89
Current Ratio (mrq)	1.02
Book Value Per Share (mrq)	35.81

Cash Flow Statement

Operating Cash Flow (ttm)	3.13B
Levered Free Cash Flow (ttm)	2B

Income statement

	ttm	12/31/2022	12/31/2021	12/31/2020
Chiffre d’affaires	18,028,300	17,568,800	16,192,000	15,371,000
Cost of Goods Sold (COGS) incl. D&A	13,328,400	13,113,400	12,158,900	11,791,200
Gross Profit	4,699,900	4,455,400	4,033,100	3,579,800
_OPERATING_EXPENSE	3,105,100	3,012,500	2,797,800	2,680,500
_OPERATING_INCOME	1,594,800	1,442,900	1,235,300	899,300
_NET_NON_OPERATING_INCOME	-69,800	-60,100	-91,900	-101,900
Pretax Income	1,431,800	1,347,000	1,164,500	514,100
_TAX_PROVISION	244,900	225,100	147,700	64,500
Net Income_COMMON_STOCKHOLDERS	1,203,900	1,120,600	1,088,800	483,400
_DILUTEDNet Income_COM_STOCKHOLDERS	1,203,900	1,120,600	1,088,800	483,400
_BASIC_EPS
_DILUTED_EPS
_BASIC_AVG_SHARES	210,160	211,833	212,852	212,704
_DILUTED_AVG_SHARES	210,769	212,348	213,085	212,888
_TOTAL_OPERATING_INCOME	1,496,500	1,344,400	1,143,500	734,200
_TOTAL_EXPENSES	16,433,500	16,125,900	14,956,700	14,471,700
Net Income_CONTINUING_DISCONTINUED_OPERATION	1,203,900	1,120,600	1,088,800	483,400
_NORMALIZED_INCOME	1,346,658	1,263,297	1,036,292	706,041
_INTEREST_INCOME	25,800	7,100
Interest Expense	140,400	104,400	81,100	94,000
_NET_INTEREST_INCOME	-69,800	-60,100	-91,900	-101,900
_EBIT	1,572,200	1,451,400	1,245,600	608,100
_EBITDA	2,616,700	2,510,200	2,308,200	1,734,300
_RECONCILED_COST_OF_REVENUE	13,328,400	13,113,400	12,158,900	11,791,200
_RECONCILED_DEPRECIATION	1,044,500	1,058,800	1,062,600	1,126,200
Net Income_CONTINUING_OPERATION_NET_MINORITY_INTEREST	1,177,800	1,111,500	971,200	441,100
_TOTAL_UNUSUAL_ITEMS_EXCLUDING_GOODWILL	-203,700	-188,100	-75,600	-307,000
_TOTAL_UNUSUAL_ITEMS	-203,700	-188,100	-75,600	-307,000
_NORMALIZED_EBITDA	2,820,400	2,698,300	2,383,800	2,041,300
_TAX_RATE_CALCS	0	0	0	0
_TAX_EFECT_UNUSUAL_ITEMS	-34,842	-36,303	-10,508	-42,059

Balance sheet

Fiscal year is January-December. All values EUR Millions.

2021

2020

2019

2018

2017

_TXT_5_Y_TREND

Cash & Short Term Investments

5,049

5,004

2,931

5,888

4,608

Cash Only

5,049

5,004

2,931

5,638

4,283

Cash & Short Term Investments_GROWTH

0.91%

70.70%

-50.21%

27.78%

-

Cash & ST Investments / Total AssetsTotal Assets

15.38%

15.74%

9.39%

23.08%

19.65%

Total Accounts Receivable

7,681

7,969

8,303

7,059

6,354

Accounts Receivables, Net

5,824

6,093

6,464

5,532

5,034

Accounts Receivables, Gross

5,954

6,247

6,594

5,653

5,141

Bad Debt/Doubtful Accounts

(131)

(154)

(130)

(122)

(108)

Other Receivables

1,858

1,876

1,840

1,528

1,320

Accounts Receivables, Gross

-3.61%

-4.02%

17.62%

11.11%

-

Accounts Receivable Turnover

2.11

1.93

2.22

2.25

2.40

Inventories

3,747

3,942

4,281

3,733

3,611

Finished Goods

1,902

1,982

2,053

-

Work in Progress

964

1,079

1,174

-

Raw Materials

977

1,018

1,137

-

Progress Payments & Other

(96)

(137)

(83)

-

Other Current Assets

2,768

254

110

92

258

Miscellaneous Current Assets

2,768

254

110

92

258

Total Current Assets

19,246

17,170

15,625

16,771

14,829

Net Property, Plant & Equipment

3,399

3,570

3,830

1,809

1,820

Property, Plant & Equipment - Gross

9,127

9,081

9,010

5,572

-

Buildings

2,233

2,181

2,120

1,748

758

Land & Improvements

58

64

63

52

Machinery & Equipment

3,578

3,491

3,506

2,564

615

Leases

2,054

2,088

1,996

-

Other Property, Plant & Equipment

1,203

1,258

1,326

1,208

395

Accumulated Depreciation

5,728

5,511

5,180

3,763

-

Buildings

1,489

1,407

1,321

1,027

-

Land & Improvements

1

2

9

1

-

Machinery & Equipment

2,788

2,714

2,663

1,980

-

Other Property, Plant & Equipment

813

844

842

756

-

Total Investments and Advances

1,574

1,472

1,636

1,617

1,483

LT Investment - Affiliate Companies

1,342

1,283

1,333

1,306

1,212

Other Long-Term Investments

233

189

303

311

271

Long-Term Note Receivable

519

310

338

203

-

Intangible Assets

7,154

8,319

8,792

4,215

4,331

Net Goodwill

5,203

6,034

5,982

3,445

3,447

Net Other Intangibles

1,951

2,285

2,810

769

884

Total Assets

32,841

31,800

31,223

25,506

23,450

Assets - Total - Growth

3.27%

1.85%

22.42%

8.77%

-

Asset Turnover

0.50

-

Return On Average Assets

3.00%

-

All values EUR Millions.

2021

2020

2019

2018

2017

_TXT_5_Y_TREND

ST Debt & Current Portion LT Debt

1,319

2,389

1,968

321

707

Short Term Debt

1,111

2,164

1,741

321

707

Current Portion of Long Term Debt

208

225

227

-

Accounts Payable

2,803

2,975

3,836

3,510

3,119

Accounts Payable_GROWTH

-5.78%

-22.45%

9.28%

12.55%

-

Income Tax Payable

141

149

185

34

54

Other Current Liabilities

14,305

11,663

11,503

10,751

10,570

Accrued Payroll

2,024

1,811

1,855

1,583

1,564

Miscellaneous Current Liabilities

12,281

9,852

9,648

9,168

9,005

Total Current Liabilities

18,568

17,176

17,492

14,617

14,450

Current Ratio

1.04

1.00

0.89

1.15

1.03

Quick Ratio

0.83

0.77

0.65

0.89

0.78

Cash Ratio

0.27

0.29

0.17

0.40

0.32

Long-Term Debt

4,602

5,210

4,306

2,409

954

Long-Term Debt_EXC_CAPILeases

3,295

3,797

2,809

2,409

954

Non-Convertible Debt

3,295

3,797

2,809

2,409

954

Provision for Risks & Charges

2,447

3,404

2,945

2,327

2,674

Deferred Taxes

(458

(301

(219

(675

(756

Deferred Taxes_CREDIT

491

658

783

216

231

Deferred Taxes_DEBIT

949

959

1,002

892

987

_OTHER_LIABILITIES

7

14

15

13

3

Other Liabilities (excl.)Deferred Income

7

14

15

13

3

Total Liabilities

26,116

26,461

25,541

19,581

18,311

Total LiabilitiesTotal Assets

79.52%

83.21%

81.80%

76.77%

78.09%

Common Equity (Total)

6,480

5,142

5,449

5,700

4,922

Common Stock Par/Carry Value

640

639

638

Additional Paid-In Capital/Capital Surplus

4,077

4,076

4,074

4,068

4,053

Retained Earnings

4,189

3,511

2,688

1,333

475

Cumulative Translation Adjustment/Unrealized For. Exch. Gain

(217

(283

(181

(225

(218

Unrealized Gain/Loss Marketable Securities

-

5

Other Appropriated Reserves

(2,172

(2,762

(1,716

(49

21

Treasury Stock

(38

(39

(57

(67

(53

_COMMON_EQUITYTotal Assets

19.73%

16.17%

17.45%

22.35%

20.99%

Total Shareholders' Equity

6,480

5,142

5,449

5,700

4,922

Total Shareholders' EquityTotal Assets

19.73%

16.17%

17.45%

22.35%

20.99%

Accumulated Minority Interest

244

197

233

225

217

Total Equity

6,725

5,339

5,682

5,925

5,139

Liabilities & Shareholders' Equity

32,841

31,800

31,223

25,506

23,450

Cash flow

	ttm	12/31/2022	12/31/2021	12/31/2020
Operating Cash Flow	2,425,700	3,025,400	2,706,700	1,155,400
Investing Cash Flow	-1,340,500	-1,131,500	-493,400	-372,400
Financing Cash Flow	-841,600	-1,652,000	-2,169,100	1,316,400
Other Cash Adjustment Inside Change in Cash	-198,700	-164,600	126,500	15,400
End cash position	4,297,400	5,296,400	5,216,400	5,003,900
Capital Expenditure	-614,800	-534,600	-450,800	-379,400
Issuance of Capital Stock	-8,900
Issuance of Debt	1,072,900	90,700	51,100	2,279,300
Repayment of Debt	-780,600	-786,900	-1,763,000	-856,800
Repurchase of Capital Stock	-439,600	-350,700	-26,700	-8,900
Free Cash Flow	1,810,900	2,490,800	2,255,900	776,000

Développement durable

Last update on 9/2023

Secteurs d'implication

Products and Activities	Significant Involvement
Alcoholic Beverages	No
Adult Entertainment	No
Gambling	No
Tobacco Products	No
Animal Testing	No
Fur and Specialty Leather	No
Controversial Weapons	Yes
Small Arms	Yes
Catholic Values	No
GMO	No
Military Contracting	Yes
Pesticides	No
Thermal Coal	No
Palm Oil	No

Scores ESG

Evaluation du risque : 29 64th percentile Medium

Risques sur l'Environnement

0

8.1

Négligeable

Faible

Moyen

Élevé

Sévère

20

Risques sur la Soutenabilité

0

13.2

Négligeable

Faible

Moyen

Élevé

Sévère

20

Risques sur la Gouvernance

0

7.4

Négligeable

Faible

Moyen

Élevé

Sévère

20

Niveau de controverse

0

2

Aucune

Faible

Modéré

Significatif

Grave

5

Analysts ratings

	3 months ago	1 month ago	Current
Buy	0	8	7
Overweight	0	1	0
Hold	0	7	7
Underweight	0	1	1
Sell	0	0	0
Consensus	-	Overweight	Overweight

Earnings Per Shares

Quarterly

Actual Analyst range Consensus

6.00 4.00 2.00 0.00

Actual 3.98 3.98	N/A	3.19	N/A		4.23	4.29
Q42022	Q12023	Q2	Q3		Q4	Q12024

Annualy

12.00 10.00 8.00 6.00

Actual 5.28 6.97	8.01	8.88	9.29
FY 2022	FY 2023	FY 2024	FY 2025

HO will report Q4 earnings on 04/30/2024

Q4 2023 Estimate Trends
Current:	^€4.23
1 month ago:	^€4.23
3 months ago:	^€4.29

Q1 2024 Estimate Trends
Current:	^€4.29
1 month ago:	^€-
3 months ago:	^€-

Competitors

Thales S.A. by Warren Buffet


Compte de résultat
Croissance du CA	>0%	0.00%	0.00%	0.00%	0.00%
Croissance des bénécices brut	>0%	0.00%	0.00%	0.00%	0.00%
Croissance du résultat d'exploitation avant intérêts et impôts (EBIT)	>0%	0.00%	0.00%	0.00%	0.00%
Croissance résultat net	>15%	0.00%	0.00%	0.00%	0.00%
Profitabilité pour l'actionnaire (ROE)		0.00%	0.00%	0.00%	0.00%	0.00%
Marge brut	>40%	0.00%	0.00%	0.00%	0.00%	0.00%
Marge opérationnelle		0.00%	0.00%	0.00%	0.00%	0.00%
Marge nette	>10%	0.00%	0.00%	0.00%	0.00%	0.00%
Capacité à attirer de nouveaux clients	<30%	0.00%	0.00%	0.00%	0.00%	0.00%
Coût de la R&D	<5%	0.00%	0.00%	0.00%	0.00%	0.00%
Charges d'intérêts	<15%	0.00%	0.00%	0.00%	0.00%	0.00%
Bilan
Liquidité : Capacité de l'entreprise à rembourser ses dettes à COURT terme
Ratio de liquidité général (current ratio)	>1	1.06	1.00	0.88	1.14	1.00
Ratio de liquidité restreinte (quick ratio)	>1	0.39	0.47	0.24	0.50	0.43
Ratio de liquidité immédiate (cash ratio)	>1	0.16	0.16	0.06	0.20	0.17
Solvabilité : Capacité de l'entreprise à rembourser ses dettes à LONG terme
Approche 1	<0	-1 754	-1 207	-122	-3 479	-3 654
Net LT debt to equity	<100%	0.00%	0.00%	0.00%	0.00%	0.00%
Approche 2		-	-	-	-	-
Dette nette totale / capitaux propres	<100%	-	-	-	-	-
Approche 3		-	-	-	-
Net total debt to equity	<100%	-	-	-	-
Levier Financier
Passif total / cap. propres	<2	-	-	-	-
Rendement du capitaux propre	> 15%	-	-	-	-

Résultats du ratio de Piotroski F-Score Stock Screen pour Thales S.A.

Objet : Estimer la qualité fondamentale de vos placements (fondamentaux solides + valeur résiliente à long terme) par M. Joseph Piotroski
Objectif : Score entre 8 et 9

Thème	2021	2020	2019	2018	2017	Formule
Rentabilité
Rendement de l'actif (ROA)	0	0	0	0	0	(Résultat net / Actifs totaux) > 0
Flux de trésorerie d'exploitation	1	1	1	0	-	Flux de trésorerie > 0
Direction du ROA					-	Si ROA N > ROA N-1
Vérification de la compatbilité de l'exercice					-	Cashflow opérationnel > Résultat net
Structure du Capital
Ratio Dette LT / Actifs Totaux	0	1	0	0	-	Dette long terme / Actifs Totaux N sur N-1
Ratio de liquidité (Current ratio)	1	1	0	1	-	Actifs CT / Passifs CT N sur N-1
Emission d'actions					-	Emission d'actions (ou rachat d'action) oui/non
Efficacité opérationnelle
Orientation de la marge brute					-	Marge brute en hausse ? oui/non
Rotation des actifs					-	(Ventes / actifs) > 0
	1	2	1		-

FY 2023 Estimate Trends
Current:	^€8.01
1 month ago:	^€7.96
3 months ago:	^€8.00

FY 2024 Estimate Trends
Current:	^€8.88
1 month ago:	^€8.47
3 months ago:	^€8.88

Thales S.A. - HO

Finances Thales S.A.

Earnings & revenue

Total revenue

Net Income

Gross profit

Free Cash Flow

Valuation

Financials

Statistics

Valuation

Income statement

Price history

Profitability

Fiscal Year

Management Effectiveness

Statistics

Dividend & Splits

Balance sheet

Cash Flow Statement

Income statement

Balance sheet

Cash flow

Développement durable

Secteurs d'implication

Scores ESG

Niveau de controverse

Analysts ratings

Analysts ratings

Earnings Per Shares

Competitors

Thales S.A. by Warren Buffet

Résultats du ratio de Piotroski F-Score Stock Screen pour Thales S.A.