Wide-moat Thales reported a total order intake of EUR 10.8 million in first-half 2024, reflecting 23% organic growth compared with the same period in 2023. Sales increased 6% organically, primarily driven by strong performances in the avionics and defense and security segments. Thales' consolidated order book reached EUR 47 billion, a 16% increase from the first half of 2023 and setting a record high.
Expectations for higher defense budgets in Europe over the medium term will benefit Thales' core defense-related sales.
Global supply chain bottlenecks and rising inflation could affect the group's delivery schedules and weigh on margins in the short term.
|
Metric
|
HO
|
LMT
|
ALO
|
|---|---|---|---|
Price/Earnings (Normalized) | 18.06 | 18.67 | 163.31 |
Price/Book Value | 4.03 | 20.14 | 0.83 |
Price/Sales | 1.54 | 1.80 | 0.41 |
Price/Cash Flow | 20.34 | 15.24 | 9.47 |
|
Metric
|
HO
|
LMT
|
ALO
|
|---|---|---|---|
Quick Ratio | 0.59 | 1.05 | 0.51 |
Current Ratio | 0.84 | 1.24 | 0.86 |
Interest Coverage | 5.50 | 8.83 | −0.33 |
|
Metric
|
HO
|
LMT
|
ALO
|
|---|---|---|---|
Return on Assets (Normalized) | 3.31% | 12.62% | 0.13% |
Return on Equity (Normalized) | 17.49% | 91.28% | 0.49% |
Return on Invested Capital (Normalized) | 8.75% | 30.29% | 1.35% |
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1-Day Chart
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