Relative Value

The Relative Value of one HO stock under the Base Case scenario is hidden EUR. Compared to the current market price of 226 EUR, Thales SA is hidden .

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.

HO Relative Value
HIDDEN
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Worst Case
Base Case
Best Case

Valuation Multiples

vs History
11
vs Industry
54
Median 3Y
1.6
Median 5Y
1.6
Industry
4.4
Forward
2.1
vs History
6
vs Industry
30
Median 3Y
24.9
Median 5Y
23.6
Industry
34.4
Forward
23.2
vs History
31
vs Industry
35
Median 3Y
15.6
Median 5Y
10.5
Industry
19.6
vs History
12
vs Industry
15
Median 3Y
16.1
Median 5Y
16.8
Industry
32.1
vs History
11
vs Industry
19
Median 3Y
4.1
Median 5Y
3.9
Industry
4.1
vs History
11
vs Industry
56
Median 3Y
1.6
Median 5Y
1.5
Industry
4.5
Forward
2.1
vs History
11
vs Industry
57
Median 3Y
6.3
Median 5Y
5.9
Industry
14
vs History
11
vs Industry
41
Median 3Y
11.2
Median 5Y
10.6
Industry
19.3
Forward
12.8
vs History
11
vs Industry
34
Median 3Y
18.9
Median 5Y
18.5
Industry
26.5
Forward
17.6
vs History
31
vs Industry
37
Median 3Y
15.5
Median 5Y
10.6
Industry
20.9
vs History
31
vs Industry
28
Median 3Y
20.4
Median 5Y
14.9
Industry
26.7
vs History
11
vs Industry
54
Median 3Y
1.2
Median 5Y
1.2
Industry
2.7

Multiples Across Competitors

HO Competitors Multiples
Thales SA Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
FR
Thales SA
PAR:HO
46.4B EUR 2.2 43.5 15 23.6
US
Raytheon Technologies Corp
NYSE:RTX
229.4B USD 2.7 34.8 20.2 30.4
US
RTX Corp
LSE:0R2N
228.3B USD 2.7 34.6 20.1 30.3
NL
Airbus SE
PAR:AIR
156.2B EUR 2.2 30.8 18.3 27.7
US
Boeing Co
NYSE:BA
153.4B USD 1.9 -15.1 -26.9 -20.8
FR
Safran SA
PAR:SAF
123.9B EUR 4.2 28.7 20.8 27.1
UK
Rolls-Royce Holdings PLC
LSE:RR
93B GBP 4.8 16.1 21.9 27.9
US
Lockheed Martin Corp
NYSE:LMT
104B USD 1.4 24.8 15.4 19.6
US
General Dynamics Corp
NYSE:GD
91.1B USD 1.8 21.6 15.7 18.4
DE
Rheinmetall AG
XETRA:RHM
71.6B EUR 6.5 85.3 36.9 49
US
Northrop Grumman Corp
NYSE:NOC
78.4B USD 1.9 19.5 16.4 22.4
P/E Multiple
Earnings Growth PEG
FR
Thales SA
PAR:HO
Average P/E: 34
43.5
23%
1.9
US
Raytheon Technologies Corp
NYSE:RTX
34.8
29%
1.2
US
RTX Corp
LSE:0R2N
34.6
29%
1.2
NL
Airbus SE
PAR:AIR
30.8
22%
1.4
US
Boeing Co
NYSE:BA
Negative Multiple: -15.1 N/A N/A
FR
Safran SA
PAR:SAF
28.7
N/A N/A
UK
Rolls-Royce Holdings PLC
LSE:RR
16.1
8%
2
US
Lockheed Martin Corp
NYSE:LMT
24.8
11%
2.3
US
General Dynamics Corp
NYSE:GD
21.6
11%
2
DE
Rheinmetall AG
XETRA:RHM
85.3
60%
1.4
US
Northrop Grumman Corp
NYSE:NOC
19.5
3%
6.5
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
FR
Thales SA
PAR:HO
Average EV/EBITDA: 20.1
15
14%
1.1
US
Raytheon Technologies Corp
NYSE:RTX
20.2
18%
1.1
US
RTX Corp
LSE:0R2N
20.1
18%
1.1
NL
Airbus SE
PAR:AIR
18.3
20%
0.9
US
Boeing Co
NYSE:BA
Negative Multiple: -26.9 N/A N/A
FR
Safran SA
PAR:SAF
20.8
16%
1.3
UK
Rolls-Royce Holdings PLC
LSE:RR
21.9
17%
1.3
US
Lockheed Martin Corp
NYSE:LMT
15.4
10%
1.5
US
General Dynamics Corp
NYSE:GD
15.7
10%
1.6
DE
Rheinmetall AG
XETRA:RHM
36.9
42%
0.9
US
Northrop Grumman Corp
NYSE:NOC
16.4
6%
2.7
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
FR
Thales SA
PAR:HO
Average EV/EBIT: 27.6
23.6
22%
1.1
US
Raytheon Technologies Corp
NYSE:RTX
30.4
31%
1
US
RTX Corp
LSE:0R2N
30.3
31%
1
NL
Airbus SE
PAR:AIR
27.7
27%
1
US
Boeing Co
NYSE:BA
Negative Multiple: -20.8 N/A N/A
FR
Safran SA
PAR:SAF
27.1
19%
1.4
UK
Rolls-Royce Holdings PLC
LSE:RR
27.9
21%
1.3
US
Lockheed Martin Corp
NYSE:LMT
19.6
12%
1.6
US
General Dynamics Corp
NYSE:GD
18.4
11%
1.7
DE
Rheinmetall AG
XETRA:RHM
49
45%
1.1
US
Northrop Grumman Corp
NYSE:NOC
22.4
7%
3.2