THALES S.A. EO 3
stock DE:CSF (FRANKFURT)

Alternative ID: FR0000121329

Watch List

  • Exchange: FRANKFURT
  • Sector: Technology
  • Industry: Aerospace & Defense
  • Market Cap: Large (25.81B)
  • Data in EUR
  • EPS: 2.27
  • Current PE: 22.11
  • BVPS: 26.60
  • Price/BVPS: 1.92
  • Dividend: 1.76 / 1.4%
  • Hist Grade: C (66.44)
  • YOY Grade: D (37.67)
  • Debt/FCF: 1.10
  • ROIC: 11.0%
  • PEG: 4.23
  • PEGY: 3.31
  • Value Price: 23.46
  • MOS Price: 11.73
  • MOS %: -54.0%
  • Graham Number: 36.86
  • Graham MOS %: -27.7%
  • IRT: 11.46

Market Price

50.98 

-0.15 -0.3%

as of Mar 30 '23

52 Week Range:

49.14 130.65

Stock Analyzer Tutorials

S2O Stock Analyzer - General Info

General Info


type: video (mp4); length: 3:30

Demonstrates how to use Stock Analyzer, shows how to analyze a stock and explains in detail "General Info" section of the Stock Analyzer result page.

S2O Stock Analyzer - Financial Statements

Financial Statements


type: video (mp4); length: 5:10

Explains information presented in the Financial Statements section of the S2O Stock Analyzer: financial statements charts, absolute values and growth rates.

S2O Stock Analyzer - Growth Grade and Financial Ratios

Growth Grade and Financial Ratios


type: video (mp4); length: 5:09

Demonstrates how to use Growth Grade & Financial Ratios section; shows the difference between historical and year-over-year Growth Grade on the real life example.

S2O Stock Analyzer - Value Price

Value Price


type: video (mp4); length: 6:03

Demonstrates how to use Value Price (intrinsic value) and the Graham Number, MOS (margin of safety) and IRT - Investment Recovery Time; explains 3 different projection models used to compute value price - pessimistic, moderate and optimistic.

S2O Stock Analyzer - Price Charts

Price Charts


type: video (mp4); length: 8:34

Demonstrates basic rules of how to read a candlestick chart, long and short term moving averages, stochastic, MACD and relative strength (RS) charts. Explains how bull or bear market condition is computed.

General Info

  • Exchange: FRANKFURT
  • Sector: Technology
  • Industry: Aerospace & Defense
  • Market Cap: Large (25.81B)
  • Inst. Ownership: 21.31%
  • Insider Ownership: 53.30%
  • Full Time Employees: 76135
Thales S.A. provides various solutions for civilian and military customers in the aeronautics, space, defense, security, ground transportation, and digital security markets worldwide. It operates through Aerospace, Transport, Defence & Security, and Digital Identity & Security segments. The company offers communications, command, and control systems; mission services and support; protection and mission/combat systems; surveillance, detection, and intelligence systems; training and simulation solutions for air, land, naval, and joint forces; and digital identity and security solutions. It also provides air traffic management solutions; flight decks and avionics equipment and functions; in-flight entertainment and connectivity systems and services; electrical systems; aerospace training solutions; navigation solutions; support and services for avionics equipment; and vision systems. In addition, the company designs, operates, and delivers satellite-based systems for telecommunications, navigation, earth observation, environmental management, exploration, and science and orbital infrastructures; signaling, communications and supervision, and fare collection management systems and related services; cybersecurity and railway digitalization systems; and main line rail, and urban and intermodal mobility solutions. Further, it provides solutions for various markets and applications, including radiology, radio frequency, microwave sources, training and simulation solutions, lasers, and microelectronics solutions for science, industry, space, defense, automotive, railways, and energy conversion platforms. Thales S.A. has a strategic agreement with Google LLC. The company was formerly known as Thomson-CSF and changed its name to Thales S.A. in 2000. Thales S.A. was founded in 1893 and is headquartered in Courbevoie, France.

Financial Statements

The charts below show selected Annual and Quarterly Financial Data.

The purpose of these charts is to discover long and short term change dynamics. When numbers are growing year after year in the annual statements chart, the business become stronger and stronger and this is a good sign.

Quarterly Data Chart can be used to do a short term analysis. It makes sense to pay attention to the quarterly dynamics and do not wait for the next yearly statement. We should be alerted if we see that quarterly numbers are going down.

You can check "Annual Financial Statements" and "Quarterly Financial Statements" sections for exact numbers and growth rates.

Annual Statements

On a charts below the Line shows absolute values and the Bar chart shows Year-Over-Year Growth Rate for selected financial statement item. A consistent GROWTH is generally considered necessary to fund future growth from within a business.
NOTE: Growth Rate is not provided if either the latest period or the year-ago period contains a net loss. (source: WSJ Digest of Earnings)
TIP! move your mouse pointer over bar or a circle on any chart below to see details.

Financial Statements

Income Statement


 

Cash Flow Statement


 

Balance Sheet


 

Liquidity Ratios

Current Ratio

 

Current Ratio measures the ability to meet short term obligations. Generally accepted standard is 2 (current assets should be 2 times or 200% of current liabilities).

Quick Ratio

 

Measures immediate liquidity or the cash available to cover immediate liabilities. A safe margin would be at least 1 (100%).

Financial Leverage

 

Defined as total assets divided by total shareholders' equity. The higher the ratio, the more debt a company uses in its capital structure.

Profitability Ratios

ROA

 

Return on Assets (ROA) measures the income (profit) that is generated by the use of the assets of the business.

ROE

 

Return on Equity (ROE) is a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders equity. ROE is sometimes called "return on net worth."

ROIC

 

The Return on Invested Capital (ROIC) measure gives a sense of how well a company is using its money to generate returns. Some investors use this figure as a final evaluation to determine whether or not to invest in a company.

Annual Statements

Item Name Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21
Equity (BVPS) 19.02
20.93
17.89
19.76
19.78
21.08
22.44
24.42
24.15
22.75
26.60
growth rate 10.0% -14.5% 10.5% 0.1% 6.6% 6.5% 8.8% -1.1% -5.8% 16.9%
Earnings BIT 658.80
706.10
868.60
912.90
998.70
1,140.30
1,129.10
1,411.90
1,336.70
857.80
1,213.40
growth rate 7.2% 23.0% 5.1% 9.4% 14.2% -1.0% 25.1% -5.3% -35.8% 41.5%
Avg.PE 9.00
10.12
16.37
7.53
7.53
20.52
24.71
23.28
17.49
35.13
30.01
growth rate 12.4% 61.8% -54.0% 0.0% 172.5% 20.4% -5.8% -24.9% 100.9% -14.6%
ROA 2.55
2.53
2.68
3.44
3.68
4.28
3.57
4.02
3.96
1.53
3.37
growth rate -0.8% 5.9% 28.4% 7.0% 16.3% -16.6% 12.6% -1.5% -61.4% 120.3%
ROE 13.14
12.32
13.51
18.59
18.18
20.38
16.49
17.81
20.13
9.15
18.78
growth rate -6.2% 9.7% 37.6% -2.2% 12.1% -19.1% 8.0% 13.0% -54.6% 105.3%
ROIC 11.60
10.99
10.14
13.81
14.00
16.20
13.16
13.26
11.99
4.60
9.23
growth rate -5.3% -7.7% 36.2% 1.4% 15.7% -18.8% 0.8% -9.6% -61.6% 100.7%
Cur. Ratio 0.93
0.93
1.00
0.99
0.99
1.06
1.07
1.16
0.91
1.01
1.06
growth rate 0.0% 7.5% -1.0% 0.0% 7.1% 0.9% 8.4% -21.6% 11.0% 5.0%
Quick Ratio 0.49
0.64
0.67
0.67
0.68
0.73
0.75
0.82
0.58
0.69
0.63
growth rate 30.6% 4.7% 0.0% 1.5% 7.4% 2.7% 9.3% -29.3% 19.0% -8.7%
Leverage 5.12
4.66
5.50
5.30
4.64
4.89
4.38
4.47
5.73
6.22
5.07
growth rate -9.0% 18.0% -3.6% -12.5% 5.4% -10.4% 2.1% 28.2% 8.6% -18.5%
Balance Sheet Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21
Acct.Receivable 2,305.30
7,304.00
6,033.40
6,238.90
6,538.80
6,954.70
6,353.50
7,261.90
8,556.90
8,226.00
8,139.30
growth rate 216.8% -17.4% 3.4% 4.8% 6.4% -8.6% 14.3% 17.8% -3.9% -1.1%
Acct.Payable 2,700.00
1,899.90
5,254.40
2,297.50
2,467.00
2,389.60
6,148.50
2,960.50
2,215.10
2,069.20
growth rate -29.6% 176.6% -56.3% 7.4% -3.1% 157.3% -51.9% -25.2% -6.6%
Cur.Assets 13,124.60
13,597.00
11,183.50
11,595.80
13,093.30
14,066.20
14,829.40
16,973.90
15,878.70
17,426.50
19,703.60
growth rate 3.6% -17.8% 3.7% 12.9% 7.4% 5.4% 14.5% -6.5% 9.8% 13.1%
Total Assets 21,087.50
21,332.00
18,653.60
19,986.60
21,560.20
22,689.60
23,449.70
25,505.80
31,223.40
31,799.80
32,840.80
growth rate 1.2% -12.6% 7.2% 7.9% 5.2% 3.4% 8.8% 22.4% 1.9% 3.3%
Cash 1,923.10
2,518.00
2,563.70
2,481.40
3,450.20
3,616.90
4,282.70
5,637.50
2,931.40
5,003.90
5,049.40
growth rate 30.9% 1.8% -3.2% 39.0% 4.8% 18.4% 31.6% -48.0% 70.7% 0.9%
Inventory 2,426.90
2,479.00
2,124.10
2,437.60
2,560.80
2,734.60
3,051.20
2,930.60
3,554.80
3,334.00
3,088.50
growth rate 2.2% -14.3% 14.8% 5.1% 6.8% 11.6% -4.0% 21.3% -6.2% -7.4%
Cur.Liabilities 14,193.30
14,607.00
11,107.30
11,615.90
13,204.00
13,309.50
14,449.90
14,616.60
17,491.90
17,175.70
18,567.90
growth rate 2.9% -24.0% 4.6% 13.7% 0.8% 8.6% 1.2% 19.7% -1.8% 8.1%
Liabilities 16,957.60
16,746.00
14,568.50
15,905.80
16,618.40
17,823.60
18,311.20
19,581.30
25,541.30
26,460.90
26,116.30
growth rate -1.3% -13.0% 9.2% 4.5% 7.3% 2.7% 6.9% 30.4% 3.6% -1.3%
LT Debt 1,494.60
851.00
1,454.20
1,467.80
837.60
1,433.70
956.10
2,421.60
2,823.60
3,810.60
3,301.90
growth rate -43.1% 70.9% 0.9% -42.9% 71.2% -33.3% 153.3% 16.6% 35.0% -13.4%
Equity 4,129.90
3,551.50
3,846.90
3,781.70
4,645.90
4,640.10
4,921.70
5,699.60
5,449.20
5,142.40
6,480.10
growth rate -14.0% 8.3% -1.7% 22.9% -0.1% 6.1% 15.8% -4.4% -5.6% 26.0%
Common Shares 197.00
199.00
202.00
207.00
211.00
213.00
213.00
639.30
640.00
640.10
640.20
growth rate 1.0% 1.5% 2.5% 1.9% 1.0% 0.0% 200.1% 0.1% 0.0% 0.0%
Cash Flow Statement Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21
Capital Expenditures 255.50
375.00
328.80
402.30
403.50
428.60
373.00
323.80
407.80
310.00
381.20
growth rate 46.8% -12.3% 22.4% 0.3% 6.2% -13.0% -13.2% 25.9% -24.0% 23.0%
Cash Dividends 64.00
155.40
180.70
242.80
234.00
296.80
348.90
382.10
463.10
85.10
417.00
growth rate 142.8% 16.3% 34.4% -3.6% 26.8% 17.6% 9.5% 21.2% -81.6% 390.0%
Cash From OA 577.20
1,020.00
770.60
875.20
1,467.70
1,337.90
1,713.30
1,092.70
1,770.20
1,170.80
2,833.20
growth rate 76.7% -24.5% 13.6% 67.7% -8.8% 28.1% -36.2% 62.0% -33.9% 142.0%
FCF per Share 3.49
1.87
1.89
1.15
3.05
6.32
4.86
3.64
3.00
5.28
8.65
growth rate -46.4% 1.1% -39.2% 165.2% 107.2% -23.1% -25.1% -17.6% 76.0% 63.8%
Sale Purchase of Stock 97.30
78.20
125.40
45.70
growth rate -19.6% 60.4% -63.6%
FCF 313.00
583.00
380.00
403.00
994.00
858.00
1,274.00
700.00
1,267.00
950.00
2,256.00
growth rate 86.3% -34.8% 6.1% 146.7% -13.7% 48.5% -45.1% 81.0% -25.0% 137.5%
Income Statement Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21
Sales 13,028.40
14,158.00
12,697.60
12,973.60
14,063.20
14,884.80
15,227.50
15,854.70
18,401.00
15,371.00
16,192.00
growth rate 8.7% -10.3% 2.2% 8.4% 5.8% 2.3% 4.1% 16.1% -16.5% 5.3%
Op.Income 726.00
536.00
868.60
912.90
998.70
1,140.30
1,129.10
1,411.90
1,336.70
857.80
1,213.40
growth rate -26.2% 62.1% 5.1% 9.4% 14.2% -1.0% 25.1% -5.3% -35.8% 41.5%
IBT 605.40
758.90
812.10
976.00
1,032.60
1,270.20
974.10
1,342.10
1,447.40
514.10
1,164.50
growth rate 25.4% 7.0% 20.2% 5.8% 23.0% -23.3% 37.8% 7.9% -64.5% 126.5%
Net Income 511.80
536.00
573.40
714.20
765.10
946.40
679.80
981.80
1,121.90
483.40
1,088.80
growth rate 4.7% 7.0% 24.6% 7.1% 23.7% -28.2% 44.4% 14.3% -56.9% 125.2%
EPS 2.60
2.94
2.84
3.44
3.63
4.44
3.19
4.60
5.26
2.27
5.11
growth rate 13.1% -3.4% 21.1% 5.5% 22.3% -28.2% 44.2% 14.4% -56.8% 125.1%
Gross Profit 2,961.30
3,290.00
3,012.30
3,181.80
3,375.10
3,609.00
3,711.80
3,985.40
4,523.70
3,579.80
4,033.10
growth rate 11.1% -8.4% 5.6% 6.1% 6.9% 2.9% 7.4% 13.5% -20.9% 12.7%
R&D 619.20
687.40
612.20
641.40
692.00
730.10
797.20
879.40
1,098.50
942.90
1,026.90
growth rate 11.0% -10.9% 4.8% 7.9% 5.5% 9.2% 10.3% 24.9% -14.2% 8.9%

Quarterly Statements

Item Name Jun '21 Sep '21 Dec '21 Mar '22 Jun '22
Earnings BIT 283.30
316.45
316.45
growth rate 3.8% 0.0%
Balance Sheet Jun '21 Sep '21 Dec '21 Mar '22 Jun '22
Acct.Receivable 8,744.00
8,139.30
8,139.30
8,532.70
8,532.70
growth rate -6.9% 0.0% 4.8% 0.0%
Acct.Payable 6,232.60
2,069.20
2,069.20
6,692.30
6,692.30
growth rate -66.8% 0.0% 223.4% 0.0%
Cur.Assets 16,836.20
19,703.60
19,703.60
20,122.10
20,122.10
growth rate 17.0% 0.0% 2.1% 0.0%
Total Assets 30,904.00
32,840.80
32,840.80
33,311.20
33,311.20
growth rate 6.3% 0.0% 1.4% 0.0%
Cash 3,778.70
5,049.40
5,049.40
4,252.50
4,252.50
growth rate 33.6% 0.0% -15.8% 0.0%
Inventory 3,697.90
3,088.50
3,088.50
3,758.90
3,758.90
growth rate -16.5% 0.0% 21.7% 0.0%
Cur.Liabilities 16,775.50
18,567.90
18,567.90
19,698.50
19,698.50
growth rate 10.7% 0.0% 6.1% 0.0%
Liabilities 25,037.00
26,116.30
26,116.30
25,538.70
25,538.70
growth rate 4.3% 0.0% -2.2% 0.0%
LT Debt 3,078.60
3,301.90
3,301.90
2,478.30
2,478.30
growth rate 7.3% 0.0% -24.9% 0.0%
Equity 5,664.40
6,480.10
6,480.10
7,588.80
7,588.80
growth rate 14.4% 0.0% 17.1% 0.0%
Common Shares 640.20
640.20
640.20
640.20
640.20
growth rate 0.0% 0.0% 0.0% 0.0%
Cash Flow Statement Jun '21 Sep '21 Dec '21 Mar '22 Jun '22
Capital Expenditures 96.20
95.90
95.90
95.90
95.90
growth rate -0.3% 0.0% 0.0% 0.0%
Cash Dividends 144.80
208.10
208.10
208.10
208.10
growth rate 43.7% 0.0% 0.0% 0.0%
Cash From OA 280.30
509.35
509.35
509.35
509.35
growth rate 81.7% 0.0% 0.0% 0.0%
Sale Purchase of Stock
growth rate
FCF 184.10
413.45
413.45
413.45
413.45
growth rate 124.6% 0.0% 0.0% 0.0%
Income Statement Jun '21 Sep '21 Dec '21 Mar '22 Jun '22
Sales 4,211.60
4,128.15
4,128.15
growth rate -0.7% 0.0%
Op.Income 283.30
316.45
316.45
316.45
316.45
growth rate 11.7% 0.0% 0.0% 0.0%
IBT 249.60
327.20
327.20
327.20
327.20
growth rate 31.1% 0.0% 0.0% 0.0%
Net Income 216.30
282.80
282.80
growth rate 9.4% 0.0%
EPS
growth rate
Gross Profit 1,016.95
1,016.75
1,016.75
growth rate 0.0% 0.0%
R&D 251.70
243.10
243.10
243.10
243.10
growth rate -3.4% 0.0% 0.0% 0.0%

Growth Grade & Financial Ratios

All financial ratios below are calculated based on latest annual statements available and present the most up to date snapshot of a company finances.

Growth Grade

Historical Growth Grade:

C (66.44)

YOY Growth Grade:

D (37.67)

Click on buttons above for detailed yearly growth rates.

Market Ratios

  • Dividend Yield: 1.4%

  • Beta: 0.70

    Beta of 0.6988 suggests that the asset is less volatile than the rest of the market.

  • PE: 22.11

  • EY: 4.5%

  • PEG: 4.23

    PEG Ratio of 4.23 suggests that stock is overpriced.

  • PEGY: 3.31

    PEGY Ratio of 3.31 suggests that stock is overpriced.

  • Price/BVPS: 1.92

Profitability Ratios

  • ROE: 18.8%

    Return on Equity (ROE) of 18.8% suggests that a company is doing well.

  • ROS: 7.5%

    The value of Return on Sales depends on the business and/or industry. Usually the higher ratio the better.

  • ROA: 3.6%

    Return on Assets (ROA). Low ratio usually means poor performance, or ineffective use of assets by management. High ratio usually means good performance.

  • ROI: 18.0%

    Return on Investment (ROI) of 18.0% suggests that a company is doing well.

  • ROIC: 11.0%

    Return on Invested Capital (ROIC) of 11.0% suggests that management is inefficient or it could reflect a highly capitalized, conservatively operated business with little long term debt.

Liquidity Ratios

  • Current Ratio: 1.06

    Current Ratio of 1.06 suggests that a company may not be able to pay off bills as rapidly as it should.

  • Quick Ratio: 0.71

    Quick Ratio of 0.71 suggests that a company may not be able to pay off bills as rapidly as it should.

  • Cash Turnover: 14.26

    Turnover Of Cash Ratio of 14.26 suggests that a company may be vulnerable to creditors. As a result it may be unable to pay wages or utility bills.

  • Equity Ratio: 19.7%

    Equity Ratio of 19.7% suggests that a company has high financing and debt service costs, not very attractive to investors.

  • Debt/Equity: 403.0%

    Debt to Equity Ratio of 403.0% suggests that greater risk assumed by creditors, hence greater interest by them in the way the company is being managed.

  • Debt/FCF: 1.10

    Debt/FCF of 1.10 suggests that a company is doing well and can pay off its long term debt within three years.

Efficiency Ratios

  • Avg Collection Period: 183.48

    Average Collection Period of 183.48 days suggests a slow turnover, which may be the result of a number of bad accounts, or a tax collection policy or perhaps credit is being used to generate sales.

  • Inventory Turnover: 3.94

    Inventory Turnover Ratio of 3.94 suggests a large inventory, a never-out-of-stock situation, perhaps some obsolete items, or it could indicate poor liquidity and possible overstocking of items.

  • Cash Flow Ratio: 5.43

    Cash Flow Ratio of 5.43 suggests a company is doing OK, but lower inventory is generally viewed as a positive trend.

  • Profit Margin: 6.7%

Value Price

PE and EPS

Historical Current Forward
PE 52.86 22.46 11.31
EPS / Growth 16.8% 2.27 5.2%

Value Price & Investment Recovery Time

Read more about Stock2Own value price in Stock Market: Fundamental Analysis.

Equity Growth Rate: 8.5%

Estimates Pessimistic Moderate Optimistic My Numbers
Rate of Return 15.0%
MOS Price % 50 %
Future EPS Growth 5.2% 10.2% 10.2%
Future PE 10.46 15.85 15.85
Future EPS 3.78 5.99 5.99
Value Price
MOS %		 9.77
-80.8% 		23.46
-54.0% 		23.46
-54.0%
MOS Price 4.89 11.73 11.73
IRT 14.70 11.57 11.57

Graham Number:

NOTE: The Graham Number applies only to certain types of stocks in combination with a number of other criteria.

Read more about Graham Number in Stock Market: Fundamental Analysis.

  • Graham Number: 36.86
  • Graham MOS: -27.7%

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