Thales SA
PAR:HO

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Thales SA
PAR:HO
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Price: 152.75 EUR -2.4% Market Closed
Market Cap: 30.7B EUR
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Relative Value

The Relative Value of one HO stock under the Base Case scenario is 217.46 EUR. Compared to the current market price of 152.75 EUR, Thales SA is Undervalued by 30%.

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
217.46 EUR
Undervaluation 30%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
4
vs Industry
62
Median 3Y
1.6
Median 5Y
1.4
Industry
3.7
Forward
1.5
vs History
34
vs Industry
34
Median 3Y
22.6
Median 5Y
21.9
Industry
33.3
Forward
18
vs History
0
vs Industry
31
Median 3Y
9.9
Median 5Y
9.7
Industry
20.8
vs History
47
vs Industry
36
Median 3Y
15.8
Median 5Y
10.8
Industry
26
vs History
4
vs Industry
23
Median 3Y
3.9
Median 5Y
3.4
Industry
3.5
vs History
4
vs Industry
61
Median 3Y
1.5
Median 5Y
1.4
Industry
3.7
Forward
1.8
vs History
4
vs Industry
62
Median 3Y
6
Median 5Y
5.4
Industry
12.5
vs History
4
vs Industry
48
Median 3Y
10.6
Median 5Y
9.8
Industry
19.5
Forward
11.4
vs History
4
vs Industry
42
Median 3Y
18.7
Median 5Y
17.5
Industry
26.9
Forward
15.1
vs History
0
vs Industry
32
Median 3Y
9.4
Median 5Y
9.4
Industry
21.9
vs History
0
vs Industry
19
Median 3Y
11.6
Median 5Y
12.6
Industry
30.6
vs History
4
vs Industry
63
Median 3Y
1.2
Median 5Y
1
Industry
2.4

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
31.6B EUR 1.7 23.1 13.1 21.7
US
Golden Star Enterprises Ltd
OTC:GSPT
3.9T USD 56 898 980.1 -673 228.2 -2 452 239.5 -2 452 239.5
US
Raytheon Technologies Corp
NYSE:RTX
163.5B USD 2 34.3 18.7 31.6
US
RTX Corp
LSE:0R2N
164.4B USD 2.1 34.8 18.8 31.7
US
Lockheed Martin Corp
NYSE:LMT
130.8B USD 1.8 19.4 14.2 16.7
NL
Airbus SE
PAR:AIR
110.2B EUR 1.7 35.7 17 27.9
FR
Safran SA
PAR:SAF
92.2B EUR 3.6 56.1 18 24.7
US
Boeing Co
NYSE:BA
87.1B USD 1.2 -10.9 -26.5 -19.3
US
General Dynamics Corp
NYSE:GD
85.8B USD 1.8 23.2 16.5 19.5
US
TransDigm Group Inc
NYSE:TDG
75.9B USD 9.5 50.9 24.6 26.7
US
Northrop Grumman Corp
NYSE:NOC
75.2B USD 1.8 31.3 20.4 30
P/E Multiple
Earnings Growth
FR
Thales SA
PAR:HO
Average P/E: 34.3
23.1
115%
US
G
Golden Star Enterprises Ltd
OTC:GSPT
Negative Multiple: -673 228.2 N/A
US
Raytheon Technologies Corp
NYSE:RTX
34.3
187%
US
RTX Corp
LSE:0R2N
34.8
187%
US
Lockheed Martin Corp
NYSE:LMT
19.4
3%
NL
Airbus SE
PAR:AIR
35.7
81%
FR
Safran SA
PAR:SAF
56.1
22%
US
Boeing Co
NYSE:BA
Negative Multiple: -10.9 N/A
US
General Dynamics Corp
NYSE:GD
23.2
51%
US
TransDigm Group Inc
NYSE:TDG
50.9
82%
US
Northrop Grumman Corp
NYSE:NOC
31.3
112%
EV/EBITDA Multiple
EBITDA Growth
FR
Thales SA
PAR:HO
Average EV/EBITDA: 17.9
13.1
42%
US
G
Golden Star Enterprises Ltd
OTC:GSPT
Negative Multiple: -2 452 239.5 N/A
US
Raytheon Technologies Corp
NYSE:RTX
18.7
98%
US
RTX Corp
LSE:0R2N
18.8
98%
US
Lockheed Martin Corp
NYSE:LMT
14.2
8%
NL
Airbus SE
PAR:AIR
17
82%
FR
Safran SA
PAR:SAF
18
55%
US
Boeing Co
NYSE:BA
Negative Multiple: -26.5
858%
US
General Dynamics Corp
NYSE:GD
16.5
39%
US
TransDigm Group Inc
NYSE:TDG
24.6
33%
US
Northrop Grumman Corp
NYSE:NOC
20.4
67%
EV/EBIT Multiple
EBIT Growth
FR
Thales SA
PAR:HO
Average EV/EBIT: 25.6
21.7
83%
US
G
Golden Star Enterprises Ltd
OTC:GSPT
Negative Multiple: -2 452 239.5 N/A
US
Raytheon Technologies Corp
NYSE:RTX
31.6
240%
US
RTX Corp
LSE:0R2N
31.7
240%
US
Lockheed Martin Corp
NYSE:LMT
16.7
9%
NL
Airbus SE
PAR:AIR
27.9
114%
FR
Safran SA
PAR:SAF
24.7
78%
US
Boeing Co
NYSE:BA
Negative Multiple: -19.3 N/A
US
General Dynamics Corp
NYSE:GD
19.5
46%
US
TransDigm Group Inc
NYSE:TDG
26.7
33%
US
Northrop Grumman Corp
NYSE:NOC
30
98%

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