Thales S.A. HO.PA
Composite 56/100; the shares have moved about 30% annualised. Names that move more contribute more risk for the same amount invested, and our composite reflects how strong the evidence for this one is right now.
Balance-sheet strength ranks 47/100 — a slight mark against it.
Growth ranks 75/100 — a strong point in its favour. Income ranks 67/100 — a moderate point in its favour. Valuation ranks 58/100 — a slight point in its favour.
Balance-sheet strength ranks 47/100 — a slight mark against it. Momentum ranks 48/100 — a slight mark against it.
What the company does Thales S.A. (HO.PA) designs and delivers mission-critical systems across defence, aerospace, space, and digital identity markets. Its portfolio spans air-defence systems, naval warfare, cyber defence, secure IoT, and digital identity solutions for banking and governments.
Key financials Thales posts strong returns: ROE 19.4%, ROA 3.8%, ROCE 28.8%. Margins are solid: gross 26.9%, operating 10.3%, net 6.6%. Revenue grew 6.7% but EPS fell -27.0%. Balance sheet metrics are healthy: debt/equity 0.70, net debt/EBITDA 0.17, interest coverage 8.22.
Stock health Quality is strong (68.2/100), but growth (49.9) and momentum (45.3) lag. The stock is -10.55% below its 52-week high and RSI(14) is 63.80, indicating modest upward pressure. Dividend yield is 1.2% with a 53.7% payout ratio.
Price vs fair value The stock trades at a discount to both our fair-value estimate and analyst target. - Price is trading at a discount of 18.80% versus our fair-value estimate of 291.61 (Sidera Research). - Price is trading at a discount of 19.26% versus the 12-month target of 292.67 (analyst count 18.0). - Recent wildfires near French defence/aerospace clusters may be weighing on sentiment (The Wall Street Journal, 2026-07-30).
Looking forward Forward P/E of 20.79 and PEG of 0.32 suggest undemanding valuation versus growth. Analysts see 292.67 as a 12-month target, implying ~19% upside from the current price. Execution on digital identity and space contracts will be key to closing the valuation gap.
This is not investment advice. Sideravia provides automated, data-driven analysis for information and education only. Nothing on this page is a personal recommendation or an invitation to buy or sell any security, and it does not consider your objectives or financial situation. Assessments are generated by rules applied uniformly to every covered stock — how our scores work.
Data as of 2026-09-04, compiled from third-party sources; errors and delays are possible and figures are not warranted. Investing puts your capital at risk; past performance does not predict future results. We publish our full track record, including the calls that lost, and our conflicts of interest.