Thales SA
F:CSF

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Thales SA Logo
Thales SA
F:CSF
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Price: 246.9 EUR 1.11%
Market Cap: 50.7B EUR
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one CSF stock under the Base Case scenario is 253.42 EUR. Compared to the current market price of 246.9 EUR, Thales SA is Undervalued by 3%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

CSF Relative Value
Base Case
253.42 EUR
Undervaluation 3%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

2.5
P/S
P/S
Price to Sales
2.5
vs History
3
vs Industry
54
Median 3Y
1.6
Median 5Y
1.5
Industry
4.3
Forward
2.2
More Details
35.6
P/E
P/E
Price to Earnings
35.6
vs History
4
vs Industry
30
Median 3Y
23.6
Median 5Y
22.6
Industry
36.3
Forward
25.1
More Details
20.1
P/OCF
P/OCF
Price to OCF
20.1
vs History
15
vs Industry
35
Median 3Y
13
Median 5Y
9.8
Industry
22.5
More Details
73.4
P/FCFE
P/FCFE
Price to FCFE
73.4
vs History
3
vs Industry
15
Median 3Y
15.8
Median 5Y
15.8
Industry
30.6
More Details
6.7
P/B
P/B
Price to Book Value
6.7
vs History
3
vs Industry
19
Median 3Y
4.1
Median 5Y
3.7
Industry
4
More Details
2.4
EV/S
EV/S
Enterprise Value to Sales
2.4
vs History
3
vs Industry
56
Median 3Y
1.6
Median 5Y
1.5
Industry
4.2
Forward
2.2
More Details
9.4
EV/GP
EV/GP
Enterprise Value to Gross Profit
9.4
vs History
3
vs Industry
57
Median 3Y
6.2
Median 5Y
5.9
Industry
14.5
More Details
16.9
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
16.9
vs History
3
vs Industry
41
Median 3Y
10.9
Median 5Y
10.4
Industry
20.9
Forward
14.1
More Details
27.7
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
27.7
vs History
3
vs Industry
34
Median 3Y
18.7
Median 5Y
18.2
Industry
28.6
Forward
18.4
More Details
20
EV/OCF
EV/OCF
Enterprise Value to OCF
20
vs History
17
vs Industry
37
Median 3Y
12.5
Median 5Y
9.5
Industry
23.1
More Details
26.6
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
26.6
vs History
22
vs Industry
28
Median 3Y
17.3
Median 5Y
12.8
Industry
29.1
More Details
1.9
EV/IC
EV/IC
Enterprise Value to IC
1.9
vs History
3
vs Industry
54
Median 3Y
1.2
Median 5Y
1.1
Industry
2.8
More Details

Multiples Across Competitors

CSF Competitors Multiples
Thales SA Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
FR
Thales SA
F:CSF
50.6B EUR 2.5 35.6 16.9 27.7
US
RTX Corp
LSE:0R2N
196B USD 2.4 42.6 21.7 37
US
Raytheon Technologies Corp
NYSE:RTX
194.9B USD 2.4 42.4 21.6 36.8
US
Boeing Co
NYSE:BA
164.7B USD 2.4 -14.1 -22.4 -18.3
NL
Airbus SE
PAR:AIR
140.1B EUR 2 31.6 17.5 28.3
FR
Safran SA
PAR:SAF
115B EUR 4.2 -172.6 20.8 28.1
UK
Rolls-Royce Holdings PLC
LSE:RR
81.9B GBP 4.3 32.5 24.9 34.4
US
Lockheed Martin Corp
NYSE:LMT
109.3B USD 1.5 19.9 14.1 17.1
DE
Rheinmetall AG
XETRA:RHM
81.1B EUR 7.7 107.8 43.5 56.2
US
TransDigm Group Inc
NYSE:TDG
85.7B USD 10.2 49.8 25.1 27.4
US
General Dynamics Corp
NYSE:GD
79.1B USD 1.6 19.9 14.4 16.9
P/S Multiple
Revenue Growth P/S to Growth
FR
Thales SA
F:CSF
Average P/S: 3.7
2.5
8%
0.3
US
RTX Corp
LSE:0R2N
2.4
6%
0.4
US
Raytheon Technologies Corp
NYSE:RTX
2.4
6%
0.4
US
Boeing Co
NYSE:BA
2.4
19%
0.1
NL
Airbus SE
PAR:AIR
2
11%
0.2
FR
Safran SA
PAR:SAF
4.2
11%
0.4
UK
Rolls-Royce Holdings PLC
LSE:RR
4.3
6%
0.7
US
Lockheed Martin Corp
NYSE:LMT
1.5
4%
0.4
DE
Rheinmetall AG
XETRA:RHM
7.7
32%
0.2
US
TransDigm Group Inc
NYSE:TDG
10.2
9%
1.1
US
General Dynamics Corp
NYSE:GD
1.6
5%
0.3
P/E Multiple
Earnings Growth PEG
FR
Thales SA
F:CSF
Average P/E: 42.4
35.6
23%
1.5
US
RTX Corp
LSE:0R2N
42.6
28%
1.5
US
Raytheon Technologies Corp
NYSE:RTX
42.4
28%
1.5
US
Boeing Co
NYSE:BA
Negative Multiple: -14.1 N/A N/A
NL
Airbus SE
PAR:AIR
31.6
22%
1.4
FR
Safran SA
PAR:SAF
Negative Multiple: -172.6 N/A N/A
UK
Rolls-Royce Holdings PLC
LSE:RR
32.5
3%
10.8
US
Lockheed Martin Corp
NYSE:LMT
19.9
12%
1.7
DE
Rheinmetall AG
XETRA:RHM
107.8
58%
1.9
US
TransDigm Group Inc
NYSE:TDG
49.8
24%
2.1
US
General Dynamics Corp
NYSE:GD
19.9
10%
2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
FR
Thales SA
F:CSF
Average EV/EBITDA: 22.1
16.9
13%
1.3
US
RTX Corp
LSE:0R2N
21.7
17%
1.3
US
Raytheon Technologies Corp
NYSE:RTX
21.6
17%
1.3
US
Boeing Co
NYSE:BA
Negative Multiple: -22.4 N/A N/A
NL
Airbus SE
PAR:AIR
17.5
19%
0.9
FR
Safran SA
PAR:SAF
20.8
13%
1.6
UK
Rolls-Royce Holdings PLC
LSE:RR
24.9
12%
2.1
US
Lockheed Martin Corp
NYSE:LMT
14.1
10%
1.4
DE
Rheinmetall AG
XETRA:RHM
43.5
39%
1.1
US
TransDigm Group Inc
NYSE:TDG
25.1
12%
2.1
US
General Dynamics Corp
NYSE:GD
14.4
8%
1.8
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
FR
Thales SA
F:CSF
Average EV/EBIT: 31
27.7
24%
1.2
US
RTX Corp
LSE:0R2N
37
29%
1.3
US
Raytheon Technologies Corp
NYSE:RTX
36.8
29%
1.3
US
Boeing Co
NYSE:BA
Negative Multiple: -18.3 N/A N/A
NL
Airbus SE
PAR:AIR
28.3
26%
1.1
FR
Safran SA
PAR:SAF
28.1
17%
1.7
UK
Rolls-Royce Holdings PLC
LSE:RR
34.4
17%
2
US
Lockheed Martin Corp
NYSE:LMT
17.1
12%
1.4
DE
Rheinmetall AG
XETRA:RHM
56.2
44%
1.3
US
TransDigm Group Inc
NYSE:TDG
27.4
12%
2.3
US
General Dynamics Corp
NYSE:GD
16.9
9%
1.9

See Also

Summary
CSF intrinsic value, competitors valuation, and company profile.
DCF Valuation
CSF stock valuation using Discount Cash Flow valuation method.
Relative Valuation
CSF stock valuation using valuation multiples.
Wall Street Estimates
CSF price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
CSF stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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