Thales SA
PAR:HO

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Thales SA Logo
Thales SA
PAR:HO
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Price: 261.7 EUR -4%
Market Cap: 53.9B EUR
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one HO stock under the Base Case scenario is 249.01 EUR. Compared to the current market price of 261.7 EUR, Thales SA is Overvalued by 5%.

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
Base Case
249.01 EUR
Overvaluation 5%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

2.6
P/S
P/S
Price to Sales
2.6
vs History
0
vs Industry
54
Median 3Y
1.6
Median 5Y
1.5
Industry
4
Forward
2.4
More Details
37.8
P/E
P/E
Price to Earnings
37.8
vs History
0
vs Industry
30
Median 3Y
23.4
Median 5Y
22.4
Industry
33.3
Forward
26.5
More Details
21.3
P/OCF
P/OCF
Price to OCF
21.3
vs History
1
vs Industry
35
Median 3Y
12.8
Median 5Y
9.8
Industry
21.2
More Details
77.9
P/FCFE
P/FCFE
Price to FCFE
77.9
vs History
0
vs Industry
15
Median 3Y
15.8
Median 5Y
15.7
Industry
28.4
More Details
7.1
P/B
P/B
Price to Book Value
7.1
vs History
0
vs Industry
19
Median 3Y
4
Median 5Y
3.6
Industry
3.7
More Details
2.6
EV/S
EV/S
Enterprise Value to Sales
2.6
vs History
0
vs Industry
56
Median 3Y
1.6
Median 5Y
1.5
Industry
3.9
Forward
2.4
More Details
9.9
EV/GP
EV/GP
Enterprise Value to Gross Profit
9.9
vs History
0
vs Industry
57
Median 3Y
6.1
Median 5Y
5.8
Industry
14
More Details
17.9
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
17.9
vs History
0
vs Industry
41
Median 3Y
10.9
Median 5Y
10.3
Industry
20.8
Forward
15
More Details
29.3
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
29.3
vs History
0
vs Industry
34
Median 3Y
18.7
Median 5Y
18.1
Industry
27.1
Forward
19.5
More Details
21.2
EV/OCF
EV/OCF
Enterprise Value to OCF
21.2
vs History
9
vs Industry
37
Median 3Y
12.5
Median 5Y
9.5
Industry
21.8
More Details
28.1
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
28.1
vs History
19
vs Industry
28
Median 3Y
17.1
Median 5Y
12.6
Industry
28.8
More Details
2
EV/IC
EV/IC
Enterprise Value to IC
2
vs History
0
vs Industry
54
Median 3Y
1.2
Median 5Y
1.1
Industry
2.6
More Details

Multiples Across Competitors

HO 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
PAR:HO
53.5B EUR 2.6 37.8 17.9 29.3
US
Raytheon Technologies Corp
NYSE:RTX
185.7B USD 2.3 40.3 20.7 35.3
US
RTX Corp
LSE:0R2N
185.3B USD 2.3 40.3 20.7 35.2
US
Boeing Co
NYSE:BA
157.6B USD 2.3 -13.5 -21.5 -17.6
NL
Airbus SE
PAR:AIR
130.6B EUR 1.9 29.4 16.3 26.3
FR
Safran SA
PAR:SAF
110.8B EUR 4 -166.6 20.1 27.1
US
Lockheed Martin Corp
NYSE:LMT
111.7B USD 1.6 20.2 14.3 17.5
UK
Rolls-Royce Holdings PLC
LSE:RR
74.6B GBP 3.9 29.6 22.6 31.3
DE
Rheinmetall AG
XETRA:RHM
80.6B EUR 7.7 106.7 43.2 55.8
UK
BAE Systems PLC
LSE:BA
58.9B GBP 2.2 30.1 18.5 26.8
US
TransDigm Group Inc
NYSE:TDG
82B USD 9.8 47.6 24.3 26.4
P/S Multiple
Revenue Growth P/S to Growth
FR
Thales SA
PAR:HO
Average P/S: 3.7
2.6
8%
0.3
US
Raytheon Technologies Corp
NYSE:RTX
2.3
6%
0.4
US
RTX Corp
LSE:0R2N
2.3
6%
0.4
US
Boeing Co
NYSE:BA
2.3
19%
0.1
NL
Airbus SE
PAR:AIR
1.9
11%
0.2
FR
Safran SA
PAR:SAF
4
11%
0.4
US
Lockheed Martin Corp
NYSE:LMT
1.6
4%
0.4
UK
Rolls-Royce Holdings PLC
LSE:RR
3.9
6%
0.7
DE
Rheinmetall AG
XETRA:RHM
7.7
32%
0.2
UK
BAE Systems PLC
LSE:BA
2.2
10%
0.2
US
TransDigm Group Inc
NYSE:TDG
9.8
9%
1.1
P/E Multiple
Earnings Growth PEG
FR
Thales SA
PAR:HO
Average P/E: 42.4
37.8
23%
1.6
US
Raytheon Technologies Corp
NYSE:RTX
40.3
28%
1.4
US
RTX Corp
LSE:0R2N
40.3
28%
1.4
US
Boeing Co
NYSE:BA
Negative Multiple: -13.5 N/A N/A
NL
Airbus SE
PAR:AIR
29.4
22%
1.3
FR
Safran SA
PAR:SAF
Negative Multiple: -166.6 N/A N/A
US
Lockheed Martin Corp
NYSE:LMT
20.2
12%
1.7
UK
Rolls-Royce Holdings PLC
LSE:RR
29.6
3%
9.9
DE
Rheinmetall AG
XETRA:RHM
106.7
56%
1.9
UK
BAE Systems PLC
LSE:BA
30.1
13%
2.3
US
TransDigm Group Inc
NYSE:TDG
47.6
24%
2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
FR
Thales SA
PAR:HO
Average EV/EBITDA: 21.9
17.9
13%
1.4
US
Raytheon Technologies Corp
NYSE:RTX
20.7
17%
1.2
US
RTX Corp
LSE:0R2N
20.7
17%
1.2
US
Boeing Co
NYSE:BA
Negative Multiple: -21.5 N/A N/A
NL
Airbus SE
PAR:AIR
16.3
19%
0.9
FR
Safran SA
PAR:SAF
20.1
13%
1.5
US
Lockheed Martin Corp
NYSE:LMT
14.3
10%
1.4
UK
Rolls-Royce Holdings PLC
LSE:RR
22.6
12%
1.9
DE
Rheinmetall AG
XETRA:RHM
43.2
39%
1.1
UK
BAE Systems PLC
LSE:BA
18.5
11%
1.7
US
TransDigm Group Inc
NYSE:TDG
24.3
12%
2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
FR
Thales SA
PAR:HO
Average EV/EBIT: 31.1
29.3
24%
1.2
US
Raytheon Technologies Corp
NYSE:RTX
35.3
29%
1.2
US
RTX Corp
LSE:0R2N
35.2
29%
1.2
US
Boeing Co
NYSE:BA
Negative Multiple: -17.6 N/A N/A
NL
Airbus SE
PAR:AIR
26.3
26%
1
FR
Safran SA
PAR:SAF
27.1
17%
1.6
US
Lockheed Martin Corp
NYSE:LMT
17.5
12%
1.5
UK
Rolls-Royce Holdings PLC
LSE:RR
31.3
17%
1.8
DE
Rheinmetall AG
XETRA:RHM
55.8
44%
1.3
UK
BAE Systems PLC
LSE:BA
26.8
17%
1.6
US
TransDigm Group Inc
NYSE:TDG
26.4
12%
2.2

See Also

Summary
HO intrinsic value, competitors valuation, and company profile.
DCF Valuation
HO stock valuation using Discount Cash Flow valuation method.
Relative Valuation
HO stock valuation using valuation multiples.
Wall Street Estimates
HO 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
HO 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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