Relative Value

The Relative Value of one HO stock under the Base Case scenario is hidden EUR. Compared to the current market price of 266.9 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
Show
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
1
vs Industry
54
Median 3Y
1.6
Median 5Y
1.6
Industry
4.7
Forward
2.4
vs History
0
vs Industry
30
Median 3Y
25.2
Median 5Y
23.8
Industry
35.6
Forward
27.4
vs History
22
vs Industry
35
Median 3Y
15.9
Median 5Y
11.3
Industry
21.4
vs History
4
vs Industry
15
Median 3Y
16.1
Median 5Y
17.3
Industry
34.3
vs History
0
vs Industry
19
Median 3Y
4.1
Median 5Y
3.9
Industry
4.4
vs History
1
vs Industry
56
Median 3Y
1.6
Median 5Y
1.5
Industry
4.8
Forward
2.4
vs History
1
vs Industry
57
Median 3Y
6.3
Median 5Y
6
Industry
14.6
vs History
1
vs Industry
41
Median 3Y
11.2
Median 5Y
10.6
Industry
20.5
Forward
15.1
vs History
3
vs Industry
34
Median 3Y
18.9
Median 5Y
18.5
Industry
27.7
Forward
20.7
vs History
23
vs Industry
37
Median 3Y
15.9
Median 5Y
11.2
Industry
22.2
vs History
23
vs Industry
28
Median 3Y
20.4
Median 5Y
15
Industry
27.5
vs History
0
vs Industry
54
Median 3Y
1.2
Median 5Y
1.2
Industry
3

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
54.8B EUR 2.6 51.3 17.7 27.9
US
Raytheon Technologies Corp
NYSE:RTX
249B USD 2.9 37.8 21.7 32.7
US
RTX Corp
LSE:0R2N
256.3B USD 3 38.9 22.3 33.5
NL
Airbus SE
PAR:AIR
169.2B EUR 2.3 33.4 19.8 30
US
Boeing Co
NYSE:BA
173.3B USD 2.1 -17 -30 -23.1
FR
Safran SA
PAR:SAF
135.1B EUR 4.6 31.3 22.6 29.5
UK
Rolls-Royce Holdings PLC
LSE:RR
108.6B GBP 5.5 18.6 25.7 32.7
US
Lockheed Martin Corp
NYSE:LMT
114.3B USD 1.6 27.2 16.7 21.3
US
General Dynamics Corp
NYSE:GD
93.4B USD 1.8 22.2 16.1 18.8
DE
Rheinmetall AG
XETRA:RHM
85.9B EUR 7.8 101.9 44.3 58.7
US
Northrop Grumman Corp
NYSE:NOC
82.4B USD 2 20.5 17.1 23.3
P/E Multiple
Earnings Growth PEG
FR
Thales SA
PAR:HO
Average P/E: 38.3
51.3
23%
2.2
US
Raytheon Technologies Corp
NYSE:RTX
37.8
29%
1.3
US
RTX Corp
LSE:0R2N
38.9
28%
1.4
NL
Airbus SE
PAR:AIR
33.4
22%
1.5
US
Boeing Co
NYSE:BA
Negative Multiple: -17 N/A N/A
FR
Safran SA
PAR:SAF
31.3
N/A N/A
UK
Rolls-Royce Holdings PLC
LSE:RR
18.6
8%
2.3
US
Lockheed Martin Corp
NYSE:LMT
27.2
11%
2.5
US
General Dynamics Corp
NYSE:GD
22.2
12%
1.8
DE
Rheinmetall AG
XETRA:RHM
101.9
60%
1.7
US
Northrop Grumman Corp
NYSE:NOC
20.5
3%
6.8
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
FR
Thales SA
PAR:HO
Average EV/EBITDA: 22.4
17.7
14%
1.3
US
Raytheon Technologies Corp
NYSE:RTX
21.7
18%
1.2
US
RTX Corp
LSE:0R2N
22.3
18%
1.2
NL
Airbus SE
PAR:AIR
19.8
19%
1
US
Boeing Co
NYSE:BA
Negative Multiple: -30 N/A N/A
FR
Safran SA
PAR:SAF
22.6
16%
1.4
UK
Rolls-Royce Holdings PLC
LSE:RR
25.7
17%
1.5
US
Lockheed Martin Corp
NYSE:LMT
16.7
10%
1.7
US
General Dynamics Corp
NYSE:GD
16.1
10%
1.6
DE
Rheinmetall AG
XETRA:RHM
44.3
41%
1.1
US
Northrop Grumman Corp
NYSE:NOC
17.1
6%
2.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
FR
Thales SA
PAR:HO
Average EV/EBIT: 30.9
27.9
22%
1.3
US
Raytheon Technologies Corp
NYSE:RTX
32.7
31%
1.1
US
RTX Corp
LSE:0R2N
33.5
31%
1.1
NL
Airbus SE
PAR:AIR
30
26%
1.2
US
Boeing Co
NYSE:BA
Negative Multiple: -23.1 N/A N/A
FR
Safran SA
PAR:SAF
29.5
20%
1.5
UK
Rolls-Royce Holdings PLC
LSE:RR
32.7
21%
1.6
US
Lockheed Martin Corp
NYSE:LMT
21.3
12%
1.8
US
General Dynamics Corp
NYSE:GD
18.8
11%
1.7
DE
Rheinmetall AG
XETRA:RHM
58.7
45%
1.3
US
Northrop Grumman Corp
NYSE:NOC
23.3
7%
3.3