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Thales HO

Morningstar Rating
€166.20 −1.65 (0.98%)
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Company Report

Price vs Fair Value

HO is trading at a 427% premium.
Price
€166.20
Fair Value
€975.00
Uncertainty
Medium
1-Star Price
€539.70
5-Star Price
€635.50
Economic Moat
Gstpk
Capital Allocation
Mjbsffy

Bulls Say, Bears Say

Bulls

Expectations for higher defense budgets in Europe over the medium term will benefit Thales' core defense-related sales.

Bears

Global supply chain bottlenecks and rising inflation could affect the group's delivery schedules and weigh on margins in the short term.

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News

Trading Information

Previous Close Price
€167.85
Day Range
€165.25167.75
52-Week Range
€126.55169.20
Bid/Ask
€166.00 / €166.60
Market Cap
€34.15 Bil
Volume/Avg
136,865 / 259,894

Key Statistics

Price/Earnings (Normalized)
21.46
Price/Sales
1.89
Dividend Yield (Trailing)
2.05%
Dividend Yield (Forward)
2.05%
Total Yield
3.45%

Company Profile

Thales is a French aerospace and defense industrial and one of Europe’s largest defense contractors with EUR 18 billion in sales. The company has three reportable segments: (1) Defense and security provides sensors, mission systems, communications, and control systems to European and export defense customers; (2) Aerospace sells avionics and satellites to the civil, defense, and governmental markets; and (3) Digital identity and security provides biometric, data and identity security solutions, payments services, and the manufacturing of SIM cards.
Sector
Industrials
Industry
Aerospace & Defense
Stock Style Box
Large Core
Total Number of Employees
81,000

Competitors

Valuation

Metric
HO
BA.
ALO
Price/Earnings (Normalized)
21.4621.30163.42
Price/Book Value
5.034.010.83
Price/Sales
1.891.860.41
Price/Cash Flow
25.9718.839.47
Price/Earnings
HO
BA.
ALO

Financial Strength

Metric
HO
BA.
ALO
Quick Ratio
0.560.860.53
Current Ratio
0.891.080.85
Interest Coverage
5.427.35−0.17
Quick Ratio
HO
BA.
ALO

Profitability

Metric
HO
BA.
ALO
Return on Assets (Normalized)
4.57%6.08%0.13%
Return on Equity (Normalized)
23.45%17.75%0.49%
Return on Invested Capital (Normalized)
12.39%11.67%1.35%
Return on Assets
HO
BA.
ALO
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Aerospace & Defense Industry Comparables

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Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
GE
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EADSY
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LMT
Lockheed Martin CorpTbhtkxbyLchd$112.1 Bil
BA
Boeing CoWrmtwbdXyh$105.7 Bil
GD
General Dynamics CorpQcczfjpkXlqwn$82.2 Bil
TDG
TransDigm Group IncNqntwfzwvRzpzn$74.5 Bil
NOC
Northrop Grumman CorpSrhzgsqfkTskqq$69.1 Bil
BAESY
BAE Systems PLC ADRZjkcwyzySgwp$53.9 Bil
RYCEY
Rolls-Royce Holdings PLC ADRHwyxlqwTnmrmzp$47.5 Bil

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