Thales stock
HO.PAPARThales S.A., IndustrialsISIN FR0000121329
72Score 72 out of 100, Strong
Price and trend
58 / 100
Price history
−5.6% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 5.1% below it.
Since October 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 49).
The price is 16% below its 52-week high. Largest decline in 20 years: 55% (September 2018 to March 2020).
Chart figures for advanced users
- SMA 50$255.27
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$266.67
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)49
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$240.01
- The lowest closing price of the last twelve months.
- Resistance$302.54
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Thales S.A. belongs to the Aerospace & Defense industry (France) and, with a market value of $51.99B, is number 15 of 114 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $24.63B (up 7.6% year on year) and earnings of $1.86B (up 18%).
- For fiscal 2026, analysts expect on average revenue of $26.61B (up 8%) and adjusted earnings per share of $11.97 (up 8.9%).
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- MEQIRI Score 72 out of 100 (Strong): rank 134 of 1023 in Industrials, median 61.
- The P/E is 31.3 (Aerospace & Defense median 32.1, own median of recent years 22.3).
- Our model puts fair value at $322.21, with the price 20% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Earnings turn into cashFree cash flow 265% of earnings over the last 12 months.Fundamentals 97
- Earnings per share growingUp 29.1% a year since 2020.Growth 79
- Consistently profitableProfit in all 10 fiscal years from 2016 to 2025.Fundamentals 97
Weaknesses
None of our weakness checks flags anything. Crash risk is measured separately.
Its standout strengths are fundamentals and capital allocation.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
Fundamentals are strong, with stable profits and strong cash generation.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk medium
How well MEQIRI warnsIn the middle among stocks ranked 101 to 1,000.
From 2016 to 2025, 13 in 100 such stocks fell 30% or more within a year, against a group average of 15 in 100.
What lowers it
- solid fundamentals
- calm price action
Valuation
Valuation signal
Modestly undervaluedClosing price of 11 Nov 2026, used by the daily score.
In our model the price counts as cheap below $247.86 and expensive above $460.30 (uncertainty medium, based on the price swings of the past year).
The two parts of the fair value come to $385.49 (cash-flow model) and $258.94 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 7.8%. At 8.8% the fair value would be $289.39, at 6.8% it would be $371.50.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (32.1).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Jun 2026, revenue rose 6.9% on the twelve months before. Revenue has grown solidly since 2006, at about 4% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 26%, operating 10%, net 8%.
Debt & balance sheet
latest quarterThe balance sheet is solid, with moderate debt and comfortable interest coverage.
Earnings
- Next earnings
- 9 Mar 2027in 117 days
- Last reported
- 23 Jul 2026EPS reported $5.36 (expected $5.20)above expectations
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- $11.970.0%
- Revenue
- $26.61B+0.4%
- Earnings per share
- $13.73+0.2%
- Revenue
- $29B+0.4%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook raised
Share price after the results: +4.2%Two 2026 guidance items were upgraded: book-to-bill above 1.1 and free cash flow conversion of 100% to 110%, with the adjusted EBIT margin of 12.6% to 12.8% confirmed.
“We are also confirming our expectation of a solid increase in adjusted EBIT margin, which is expected between 12.6% and 12.8% for 2026.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 23 Jul 2026 (fiscal Q2 2026), read by AI.
What happened at Thales
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
1023 rated companies in Industrials
- This company
- 72
- Sector median
- 61
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Aerospace & Defense
The next larger and next smaller companies by market value
- Northrop GrummanNOC $78.27B67
- BAE SystemsBSP.DE $74.53B67
- TransDigm GroupTDG $68.82B74
- Honeywell AerospaceHONA $53.75B73
- L3Harris TechnologiesLHX $51.5B60
- HEICOHEI $48.67B74
- Rocket Lab USARKLB $41.73B38
- RheinmetallRHM.DE $41.22B65
ETFs that hold Thales
Held by 109 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| VanEck Defense UCITS ETFDFEN | 7.55% | 0.55% | €5.85B |
| Invesco Defence Innovation UCITS ETF AccumUSDIVDF | 1.89% | 0.35% | €134.79M |
| WisdomTree Eurozone Quality Dividend Growth UCITS ETF EUR AccWTIM | 1.29% | 0.29% | €49.19M |
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| Xtrackers CAC 40 UCITS ETF 1DDX2G | 1.14% | 0.20% | €128.63M |
| iShares MSCI France UCITS ETFIS3U | 1.13% | 0.25% | €176.35M |
| iShares STOXX Europe 600 Industrial Goods & Services UCITS ETF (DE)EXH4 | 1.13% | 0.46% | €547.22M |
| iShares MSCI Europe Industrials Sector UCITS ETFESIN | 0.99% | 0.18% | €1.04B |
| State Street SPDR MSCI Europe Industrials UCITS ETFSPYQ | 0.96% | 0.18% | €1.28B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 11 Nov 2026 ($1 = €0.8987)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong since 10 Nov 2026, previously Neutral
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.