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Dassault Aviation SA
PAR:AM

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Dassault Aviation SA
PAR:AM
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Price: 308.4 EUR -1.09%
Market Cap: €24B

EV/EBIT

22.9
Current
20%
More Expensive
vs 3-y average of 19.1

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
22.9
=
Enterprise Value
€16.8B
/
EBIT
€639.5m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
22.9
=
Enterprise Value
€16.8B
/
EBIT
€639.5m

Valuation Scenarios

Dassault Aviation SA is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (19.1), the stock would be worth €257.28 (17% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-42%
Maximum Upside
+23%
Average Downside
19%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 22.9 €308.4
0%
3-Year Average 19.1 €257.28
-17%
5-Year Average 13.9 €187.03
-39%
Industry Average 28.1 €377.98
+23%
Country Average 13.2 €178.32
-42%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
€16.8B
/
Jan 2026
€639.5m
=
22.9
Current
€16.8B
/
Dec 2026
€830.3m
=
20.3
Forward
€16.8B
/
Dec 2027
€1B
=
16.7
Forward
€16.8B
/
Dec 2028
€1.3B
=
13.1
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
FR
Dassault Aviation SA
PAR:AM
24.2B EUR 22.9 24.5
US
RTX Corp
LSE:0R2N
252.1B USD 30.1 37.5
US
Raytheon Technologies Corp
NYSE:RTX
251B USD 30 37.3
US
Boeing Co
NYSE:BA
172B USD -34.8 91
NL
Airbus SE
PAR:AIR
134.2B EUR 22.1 25.5
FR
Safran SA
PAR:SAF
117.7B EUR 25.3 16
UK
Rolls-Royce Holdings PLC
LSE:RR
99.7B GBP 21.3 16.7
US
Lockheed Martin Corp
NYSE:LMT
131B USD 18.9 26.1
US
Howmet Aerospace Inc
NYSE:HWM
99.5B USD 47.6 66.1
US
General Dynamics Corp
NYSE:GD
88B USD 17.4 20.9
UK
BAE Systems PLC
LSE:BA
64.4B GBP 25.8 31.2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
FR
Dassault Aviation SA
PAR:AM
Average EV/EBIT: 26.1
22.9
26%
0.9
US
RTX Corp
LSE:0R2N
30.1
17%
1.8
US
Raytheon Technologies Corp
NYSE:RTX
30
17%
1.8
US
Boeing Co
NYSE:BA
Negative Multiple: -34.8 N/A N/A
NL
Airbus SE
PAR:AIR
22.1
25%
0.9
FR
Safran SA
PAR:SAF
25.3
20%
1.3
UK
Rolls-Royce Holdings PLC
LSE:RR
21.3
4%
5.3
US
Lockheed Martin Corp
NYSE:LMT
18.9
11%
1.7
US
Howmet Aerospace Inc
NYSE:HWM
47.6
17%
2.8
US
General Dynamics Corp
NYSE:GD
17.4
8%
2.2
UK
BAE Systems PLC
LSE:BA
25.8
19%
1.4

Market Distribution

Higher than 83% of companies in France
Percentile
83nd
Based on 1 432 companies
83nd percentile
22.9
Low
0 — 9.5
Typical Range
9.5 — 17.5
High
17.5 —
Distribution Statistics
France
Min 0
30th Percentile 9.5
Median 13.2
70th Percentile 17.5
Max 1 862.3

Dassault Aviation SA
Glance View

Dassault Aviation SA is a prominent figure in the aerospace sector, crafting a reputation for its cutting-edge design and engineering expertise. Rooted in the tradition of its founder, Marcel Dassault, the company has seamlessly navigated the complex interplay between military and civilian aviation needs since its inception. Dassault’s hallmark lies in its meticulous craftsmanship of military jets, notably the famed Rafale fighter, which has become a cornerstone of its operations. This multifaceted aircraft not only exemplifies the company’s technological prowess but also serves as a strategic instrument in national defense frameworks across the globe. The Rafale's performance and adaptability in various combat scenarios drive substantial revenue through government contracts. These long-term agreements not only secure steady income but also ensure Dassault’s continued involvement in defense innovation and international military collaborations. Complementing its military segment is Dassault’s strategic venture into the luxury private jet market with the Falcon series. These aircraft are a testament to the company’s ability to transpose its high-performance military technology into bespoke civilian planes, catering to a clientele that demands sophistication and reliability. The Falcon jets, with their blend of advanced technology and opulent design, appeal to affluent individuals and corporate entities, enriching Dassault’s revenue streams. This dual focus on military and civilian aviation allows Dassault Aviation to maintain a robust financial posture, characterized by diversified income sources and resilience against fluctuations in either market. As a stalwart of the aerospace industry, Dassault continues to innovate, sticking steadfastly to its dual strategy of leveraging military advancements to enhance civilian aircraft offerings, ensuring its esteemed place in the global aviation arena.

AM Intrinsic Value
241.6 EUR
Overvaluation 22%
Intrinsic Value
Price €308.4
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