Thales (HO.PA) Stock Price

Thales Price

Euronext·CLOSED
266.80EUR+5.10 (+1.93 %)
Market closed

Revenue has compounded at 4.1% per year over the past 19 years to 22.14 B EUR. Earnings per share have grown at 7.2% per year over the last 19 years. Thales's net margin stands at 7.6%, broadly stable from 6.7% several years earlier. Thales currently offers a dividend yield of about 1.42%. The payout ratio is around 47% of earnings. The dividend has grown at 8.3% per year over the past 19 years. Analysts set a median price target of 289.68 EUR, implying 8.6% above the current price. Of 28 analysts, 19 rate the stock a buy — an overall Buy consensus. The stock trades about 23% above its 52-week low.

Thales stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Thales over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Thales stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Thales's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Thales Stock Price History
DateThales Price
8/6/2026266.80 EUR
8/5/2026261.70 EUR
8/4/2026258.70 EUR
7/31/2026245.90 EUR
7/30/2026243.60 EUR
7/29/2026245.40 EUR
7/28/2026250.90 EUR
7/27/2026243.40 EUR
7/24/2026236.40 EUR
7/23/2026234.80 EUR
7/22/2026226.80 EUR
7/21/2026225.10 EUR
7/20/2026223.90 EUR
7/17/2026222.40 EUR
7/16/2026220.10 EUR
7/15/2026220.50 EUR
7/14/2026220.00 EUR
7/13/2026221.60 EUR
7/10/2026223.30 EUR
7/9/2026226.80 EUR
7/8/2026233.60 EUR
7/7/2026237.60 EUR
7/6/2026241.10 EUR
7/3/2026240.30 EUR
7/2/2026240.40 EUR
7/1/2026229.40 EUR
6/30/2026224.80 EUR
6/29/2026220.50 EUR
6/26/2026216.50 EUR
6/25/2026218.40 EUR
6/24/2026225.30 EUR
6/23/2026228.00 EUR
6/22/2026226.30 EUR
6/19/2026234.90 EUR
6/18/2026230.50 EUR
6/17/2026230.60 EUR
6/16/2026234.10 EUR
6/15/2026234.90 EUR
6/12/2026237.40 EUR
6/11/2026237.70 EUR
6/10/2026236.30 EUR
6/9/2026231.50 EUR
6/8/2026232.60 EUR
6/5/2026231.50 EUR
6/4/2026228.00 EUR
6/3/2026225.50 EUR
6/2/2026229.10 EUR
6/1/2026236.70 EUR
5/29/2026241.50 EUR
5/28/2026238.80 EUR
5/27/2026233.40 EUR
5/26/2026232.10 EUR
5/25/2026230.80 EUR
5/22/2026227.90 EUR
5/21/2026231.60 EUR
5/20/2026228.10 EUR
5/19/2026226.30 EUR
5/18/2026219.80 EUR
5/15/2026219.40 EUR
5/14/2026223.00 EUR
5/13/2026223.70 EUR
5/12/2026226.00 EUR
5/11/2026225.00 EUR
5/8/2026227.90 EUR
5/7/2026235.90 EUR
5/6/2026241.00 EUR
5/5/2026236.30 EUR
5/4/2026233.20 EUR
4/30/2026233.90 EUR
4/29/2026230.10 EUR
4/28/2026231.10 EUR
4/27/2026231.20 EUR
4/24/2026232.80 EUR
4/23/2026242.70 EUR
4/22/2026242.00 EUR
4/21/2026247.70 EUR
4/20/2026263.30 EUR
4/17/2026264.60 EUR
4/16/2026267.40 EUR
4/15/2026269.20 EUR
4/14/2026267.00 EUR
4/13/2026265.60 EUR
4/10/2026259.20 EUR
4/9/2026268.20 EUR
4/8/2026270.30 EUR
4/7/2026265.08 EUR
4/2/2026266.82 EUR
3/27/2026240.10 EUR
3/26/2026242.76 EUR
3/24/2026239.30 EUR
3/23/2026241.47 EUR
3/20/2026248.26 EUR
3/19/2026250.12 EUR
3/17/2026247.24 EUR
3/16/2026250.31 EUR
3/13/2026253.65 EUR
3/12/2026260.64 EUR
3/11/2026246.59 EUR
3/10/2026251.27 EUR
3/9/2026239.72 EUR
3/6/2026245.07 EUR
3/5/2026246.35 EUR
2/27/2026258.65 EUR
2/26/2026254.20 EUR
2/25/2026253.40 EUR
2/23/2026254.70 EUR
2/20/2026262.87 EUR
2/19/2026257.94 EUR
2/18/2026260.30 EUR
2/17/2026250.07 EUR
2/16/2026251.62 EUR
2/13/2026245.21 EUR
2/12/2026250.31 EUR
2/11/2026248.16 EUR
2/10/2026254.94 EUR
2/9/2026257.17 EUR
2/6/2026248.51 EUR
2/5/2026250.39 EUR
2/4/2026253.09 EUR
2/3/2026258.96 EUR
2/2/2026256.79 EUR
1/30/2026256.28 EUR
1/29/2026258.43 EUR
1/28/2026260.39 EUR
1/26/2026255.70 EUR
1/23/2026256.02 EUR
1/22/2026254.58 EUR
1/21/2026261.70 EUR
1/19/2026264.43 EUR
1/17/2026260.77 EUR
1/16/2026260.89 EUR
1/14/2026261.51 EUR
1/13/2026270.74 EUR
1/12/2026270.50 EUR
1/9/2026270.33 EUR
1/8/2026272.55 EUR
1/7/2026265.48 EUR
1/5/2026245.93 EUR
1/2/2026233.30 EUR
12/31/2025228.25 EUR
12/30/2025227.30 EUR
12/29/2025225.53 EUR
12/24/2025228.56 EUR
12/23/2025228.27 EUR
12/22/2025228.28 EUR
12/19/2025230.03 EUR
12/18/2025228.83 EUR
12/17/2025229.44 EUR
12/16/2025227.46 EUR
12/15/2025226.68 EUR
12/12/2025231.55 EUR
12/11/2025228.62 EUR
12/10/2025227.76 EUR
12/9/2025234.24 EUR
12/8/2025226.25 EUR
12/5/2025224.56 EUR
12/4/2025224.04 EUR
12/3/2025223.75 EUR
12/2/2025220.44 EUR
12/1/2025220.05 EUR
11/28/2025224.83 EUR
11/27/2025225.70 EUR
11/26/2025225.46 EUR
11/25/2025225.82 EUR
11/24/2025222.10 EUR
11/21/2025228.02 EUR
11/20/2025235.85 EUR
11/19/2025233.80 EUR
11/18/2025239.64 EUR
11/14/2025238.63 EUR
11/12/2025238.93 EUR
11/11/2025240.15 EUR
11/10/2025242.58 EUR
11/7/2025239.31 EUR
11/5/2025240.10 EUR
11/4/2025241.87 EUR
11/3/2025248.46 EUR
10/31/2025245.50 EUR
10/30/2025245.31 EUR
10/29/2025246.60 EUR
10/28/2025252.70 EUR
10/27/2025250.21 EUR
10/24/2025253.06 EUR
10/23/2025263.01 EUR
10/22/2025259.28 EUR
10/21/2025254.67 EUR
10/20/2025254.14 EUR
10/17/2025244.70 EUR
10/16/2025252.61 EUR
10/15/2025251.16 EUR
10/14/2025255.39 EUR
10/13/2025254.93 EUR
10/10/2025257.72 EUR
10/9/2025261.83 EUR
10/8/2025266.31 EUR
10/7/2025260.31 EUR
10/6/2025264.38 EUR
10/3/2025269.88 EUR
10/2/2025269.51 EUR
10/1/2025263.30 EUR
9/30/2025266.60 EUR
9/29/2025263.50 EUR
9/26/2025259.30 EUR
9/25/2025256.40 EUR
9/24/2025254.48 EUR
9/23/2025250.94 EUR
9/22/2025249.51 EUR
9/19/2025247.99 EUR
9/18/2025255.67 EUR
9/17/2025253.30 EUR
9/16/2025260.19 EUR
9/15/2025259.70 EUR
9/12/2025250.50 EUR
9/11/2025243.70 EUR
9/10/2025235.10 EUR
9/9/2025228.04 EUR
9/8/2025223.67 EUR
9/5/2025223.21 EUR
9/4/2025225.40 EUR
9/3/2025225.39 EUR
9/2/2025219.81 EUR
9/1/2025224.08 EUR
8/29/2025226.81 EUR
8/28/2025226.29 EUR
8/27/2025226.48 EUR
8/26/2025227.51 EUR
8/25/2025232.48 EUR
8/22/2025231.84 EUR
8/21/2025231.36 EUR
8/20/2025228.69 EUR
8/19/2025229.51 EUR
8/18/2025238.93 EUR
8/15/2025235.08 EUR
8/14/2025236.15 EUR
8/13/2025234.24 EUR
8/12/2025230.48 EUR
8/11/2025227.36 EUR
8/8/2025229.82 EUR
8/7/2025231.55 EUR
8/6/2025236.96 EUR
Access this data via the Eulerpool API

Thales Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
18.43 B EUR
1.58 B EUR
1.02 B EUR
Jan 1, 2024
20.58 B EUR
1.70 B EUR
1.42 B EUR
Jan 1, 2025
22.14 B EUR
2.22 B EUR
1.67 B EUR
Jan 1, 2026 (e)
23.73 B EUR
1.85 B EUR
2.23 B EUR
Jan 1, 2027 (e)
25.75 B EUR
2.01 B EUR
2.53 B EUR
Jan 1, 2028 (e)
28.09 B EUR
2.19 B EUR
2.86 B EUR
Jan 1, 2029 (e)
30.69 B EUR
2.39 B EUR
3.22 B EUR
Jan 1, 2030 (e)
32.84 B EUR
2.56 B EUR
3.66 B EUR

Thales Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 6, 2026, 11:04 AM
 
REVENUEB EUR
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB EUR
EBITB EUR
EBIT MARGIN%
NET INCOMEB EUR
NET INCOME GROWTH%
DIV.EUR
DIV. GROWTH%
SHARESM
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
14.0614.8815.8015.8518.4016.9916.1917.5718.4320.5822.1423.7325.7528.0930.6932.84
8.405.846.120.3716.07-7.68-4.698.504.9011.667.587.208.529.099.247.02
24.0024.2524.3425.7824.5823.1624.9125.3625.8626.1126.4426.4426.4426.4426.4426.44
3.383.613.844.094.523.944.034.464.775.375.856.276.817.438.118.68
0.961.191.261.401.360.821.111.231.581.702.221.852.012.192.392.56
6.857.987.968.847.374.816.857.008.558.2510.027.787.807.787.787.78
0.770.950.680.981.120.481.091.121.021.421.672.232.532.863.223.66
7.1423.66-28.2244.4814.27-56.91125.262.94-8.6638.7117.9732.9213.8012.7612.8213.72
1.131.411.651.802.180.801.962.663.043.453.804.254.755.30
-5.0424.7817.029.0921.11-63.30145.0035.7114.2913.4910.1411.8411.7611.58
211.95213.11213.22213.46213.07212.86212.92211.70208.50205.31205.99205.99205.99205.99205.99205.99
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Thales generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Thales retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Thales's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Thales has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Thales's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Thales stock margins

The Thales margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Thales. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Thales.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
24.91 %
6.85 %
6.72 %
Jan 1, 2022
25.36 %
7.01 %
6.38 %
Jan 1, 2023
25.86 %
8.55 %
5.55 %
Jan 1, 2024
26.12 %
8.26 %
6.90 %
Jan 1, 2025
26.44 %
10.02 %
7.56 %
Jan 1, 2026 (e)
26.44 %
7.79 %
9.38 %
Jan 1, 2027 (e)
26.44 %
7.80 %
9.83 %
Jan 1, 2028 (e)
26.44 %
7.78 %
10.17 %

Thales Stock Revenue, EBIT, Earnings per Share

The Thales earnings per share therefore indicates how much revenue Thales has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
76.05 EUR
5.21 EUR
5.11 EUR
Jan 1, 2022
82.99 EUR
5.81 EUR
5.29 EUR
Jan 1, 2023
88.39 EUR
7.56 EUR
4.91 EUR
Jan 1, 2024
100.22 EUR
8.27 EUR
6.91 EUR
Jan 1, 2025
107.46 EUR
10.77 EUR
8.13 EUR
Jan 1, 2026 (e)
115.19 EUR
8.97 EUR
10.80 EUR
Jan 1, 2027 (e)
125.00 EUR
9.75 EUR
12.29 EUR
Jan 1, 2028 (e)
136.36 EUR
10.61 EUR
13.86 EUR

Thales business model & stock analysis

Thales SA is a French company that was originally founded in 1893 as a manufacturer of measuring instruments. Today, it is one of the leading providers of solutions and products for the defense and aerospace industries, as well as digital security and the transportation sector. Thales' business model is based on customized, innovative solutions that help customers meet their security and mobility needs. Thales offers a wide portfolio of products and services, including air traffic management systems, radar, sonar, and communication systems, as well as cybersecurity solutions and ticketing systems for public transportation. Thales is divided into four business segments: Defense & Security, Aerospace, Transport, and Digital Identity and Security. In the Defense & Security sector, Thales offers various products and services aimed at improving national security and defense. The product range includes communication systems, cybersecurity solutions, air and sea surveillance systems, and control facilities. In the Aerospace division, Thales provides civil and military aviation solutions. The offerings range from commercial avionics systems and flight safety solutions to satellites and unmanned aerial vehicles. The Transport segment includes solutions and systems for public transportation, including ticketing, train control, and signaling systems. Thales is an important partner for cities and transportation companies in ensuring reliable and secure public transportation. In the Digital Identity and Security field, Thales offers solutions for digital security, authentication, and identity management to protect the privacy and security of individuals and organizations. The offered products include digital signatures, encryption, and authentication solutions integrated into cloud computing systems. Over the years, Thales has developed numerous groundbreaking products and technologies, including the TopOwl helmet-mounted display system, which provides pilots with improved visibility in poor weather conditions, and the Sotas system, which offers encryption and secure communication for military forces. Thales has also made a name for itself through its efforts in sustainability and social responsibility. The company is committed to reducing its ecological footprint and driving the development of clean energy technologies. Thales also engages in social projects and supports initiatives to promote education and science. Overall, Thales is a company with a rich history and a strong presence in the defense, aerospace, transportation, and security industries. With its broad portfolio of solutions and products, Thales will continue to play an important role in providing innovative technologies and solutions to meet the needs of its customers.

Thales SWOT Analysis

Strengths

Thales SA is a global leader in providing advanced technology solutions for the aerospace, defense, and transportation industries. The company has a strong portfolio of innovative products and services that cater to the evolving needs of its clients.

Thales SA has a strong reputation for its expertise in critical systems, including communication, navigation, air traffic management, and cybersecurity. This expertise allows the company to deliver reliable and secure solutions for its customers, ensuring operational efficiency and safety.

Weaknesses

Thales SA faces the challenge of operating in highly competitive markets. The company needs to constantly adapt and innovate in order to stay ahead of its competitors and meet the changing demands of its customers.

The company's heavy reliance on government contracts exposes it to risks associated with changes in government policies and budgetary constraints. This dependence on public sector projects can also lead to slower decision-making processes and longer sales cycles.

Opportunities

Thales SA has a significant opportunity to expand its presence in emerging markets, where there is a growing demand for advanced technology solutions. By leveraging its expertise and global network, the company can tap into new customer segments and diversify its revenue streams.

The increasing focus on digital transformation and connectivity presents opportunities for Thales SA to develop and offer innovative solutions in areas such as connected vehicles, smart cities, and digital security. By investing in research and development, the company can position itself as a leader in these emerging fields.

Threats

Thales SA operates in a highly regulated industry, which subjects the company to compliance requirements and potential legal challenges. This can result in increased costs and limitations on its operations.

The global economic uncertainties and geopolitical tensions can impact Thales SA's business. Changes in defense spending, trade policies, and international relationships may have implications for the company's contracts, profitability, and market opportunities.

Thales Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Thales historical P/E ratio, EBIT multiple, and P/S ratio

Thales annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Thales shares outstanding

The number of shares of Thales was 205.99 M in 2025. This indicates how many shares Thales is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
212.92 M Stocks
Jan 1, 2022
211.70 M Stocks
Jan 1, 2023
208.50 M Stocks
Jan 1, 2024
205.31 M Stocks
Jan 1, 2025
205.99 M Stocks
Jan 1, 2026 (e)
205.99 M Stocks
Jan 1, 2027 (e)
205.99 M Stocks
Jan 1, 2028 (e)
205.99 M Stocks

Thales stock splits

In Thales's history, there have been no stock splits.

Thales Dividend History

35 years of dividend payments · 5 consecutive increases

YearAnnual DividendYoY ChangePayments
20253.80EUR 10.1%
May 20, 20252.85EUR 235.3%1/2
Dec 2, 20250.95EUR 66.7%2/2
20243.45EUR 13.5%
20233.04EUR 14.3%
20222.66EUR 35.7%
20211.96EUR 390.0%
20200.40EUR 81.7%
20192.18EUR 21.1%
20181.80EUR 9.1%
20171.65EUR 17.0%
20161.41EUR 24.8%

Thales dividend history and estimates

In 2025, Thales paid a dividend amounting to 3.80 EUR. Dividend means that Thales distributes a portion of its profits to its owners.
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Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021
1.96 EUR
0.00 EUR
Jan 1, 2022
2.66 EUR
0.00 EUR
Jan 1, 2023
3.04 EUR
0.00 EUR
Jan 1, 2024
3.45 EUR
0.00 EUR
Jan 1, 2025
3.80 EUR
0.00 EUR
Jan 1, 2026 (e)
0.00 EUR
4.25 EUR
Jan 1, 2027 (e)
0.00 EUR
4.75 EUR
Jan 1, 2028 (e)
0.00 EUR
5.30 EUR

Thales dividend payout ratio

In 2025, Thales had a payout ratio of 46.75%. The payout ratio indicates the percentage of the company's profits that Thales distributes as dividends.
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Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
38.33 %
Jan 1, 2022
50.25 %
Jan 1, 2023
61.93 %
Jan 1, 2024
49.90 %
Jan 1, 2025
46.75 %
Jan 1, 2026 (e)
39.31 %
Jan 1, 2027 (e)
38.61 %
Jan 1, 2028 (e)
38.26 %

Current Thales forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
3.27 %
Buy
67.86 % (19)
Hold
21.43 % (6)
Sell
10.71 % (3)
12M Price Target
289.68
Last Price
261.70
Currency
EUR
12M Return Potential
10.69 %
LTM Return
0 %

Thales Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
3/6/20244.23EUR-9.75 BEUR-2023 Q4
7/19/20233.63EUR-8.94 BEUR-2023 Q2
3/1/20234.07EUR-9.23 BEUR-2022 Q4
7/21/20223.19EUR-8.14 BEUR-2022 Q2
3/3/20223.27EUR-8.27 BEUR-2021 Q4
7/23/20212.70EUR-8.45 BEUR-2021 Q2
3/4/20213.07EUR-9.44 BEUR-2020 Q4
7/24/20200.77EUR-7.85 BEUR-2020 Q2
2/26/20203.84EUR-10.25 BEUR-2019 Q4
9/4/20192.77EUR-8.29 BEUR-2019 Q2

EESG©

Eulerpool ESG Scorecard© for the Thales stock

59/100
69
Environment
87
Social
20
Governance
E

Environment

20
Scope 1 - Direct Emissions84,000
Scope 2 - Indirect emissions from purchased energy133,000
Scope 3 - Indirect emissions within the value chain7,581,000
Total CO₂ emissions217,000
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees27.4
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Thales shareholder structure

% Name
0.01245%
GENERALI INVESTMENTS CEE, INVESTICNI SPOLECNOST, A.S.
GENERALI INVESTMENTS CEE, INVESTICNI SPOLECNOST, A.S.

Thales Beneficial Ownership Filings (SEC 13D/G)

Free Float
43.6%
Float Shares
-
Shares Outstanding
-

Thales Executives and Management Board

29 members · avg. age 62 · 41 % women

PC

Mr. Patrice Caine (55)

Chairman of the Board, Chief Executive Officer, Member of the Executive Committee · since 2013

2.17 M EUR

Management

PK

Mr. Philippe Knoche (56)

Senior Executive Vice President - Operations and Performance, Member of the Executive Committee · since 2020

26,723.00 EUR
PB

Mr. Pascal Bouchiat (63)

Senior Executive Vice President - Finance and Information Systems, Member of the Executive Committee

IS

Ms. Isabelle Simon (54)

Senior Executive Vice President, General Counsel, Group Secretary, Member of the Executive Committee · since 2024

CV

Mr. Clement de Villepin

Senior Executive Vice President - Human Resources, Member of the Executive Committee

YA

Dr. Yannick Assouad (66)

Executive Vice President - Avionics, Member of the Executive Committee

HD

Mr. Herve Dammann

Executive Vice President - Land & Air Systems, Member of the Executive Committee

Board of Directors

LR

Mr. Loic Rocard (52)

Non-Executive Independent Director

81,250.00 EUR
AT

Ms. Anne-Claire Taittinger (75)

Non-Executive Independent Director

80,000.00 EUR
AH

Ms. Anne-Marie Hunot-Schmit (60)

Non-Executive Director - Employee Representative

75,000.00 EUR
PL

Mr. Philippe Lepinay (71)

Non-Executive Director Representing Employee Shareholders

68,750.00 EUR
LS

Mr. Loik Segalen (65)

Non-Executive Director Recommended by the Industrial Partner

66,875.00 EUR
MW

Mme. Marie-Francoise Walbaum (75)

Non-Executive Director Recommended by the Industrial Partner

65,625.00 EUR

Frequently asked questions about Thales

Thales SA operates under a diversified business model focused on providing advanced technology solutions. As a leading global company, Thales specializes in aerospace, defense, and security markets. Their business activities encompass a wide range of industries, including transportation, space, and digital identity and security. Thales offers innovative solutions and services, such as communication systems, cybersecurity, avionics, and transportation systems. By leveraging their expertise in cutting-edge technologies, Thales aims to address complex challenges and deliver tailored solutions for their customers. With a commitment to technological leadership and customer satisfaction, Thales continues to drive innovation and shape industries worldwide.

Thales SA is primarily active in the aerospace, defense, and technology industries.

The main competitors of Thales SA in the market are Airbus SE, Leonardo S.p.A, and Raytheon Technologies Corporation.

Thales SA is a multinational company with a rich history and impressive background. Founded in 1893, Thales has grown to become a global leader in the aerospace, defense, and security industries. The company operates in over 56 countries, employing more than 80,000 professionals worldwide. Thales specializes in providing advanced technology solutions for customers in various sectors, including transportation, space, and digital security. With a strong focus on innovation and research, Thales consistently delivers cutting-edge products and services to meet the evolving needs of its clients. By combining expertise, experience, and a commitment to excellence, Thales SA has firmly established itself as a trusted and influential player in the global market.

Thales SA, a leading company in the aerospace and defense industry, has achieved numerous significant milestones throughout its history. One notable achievement was the development of groundbreaking communication technologies that revolutionized the industry. Thales SA also played a vital role in the creation of various mission-critical systems for defense and security purposes. Additionally, the company has achieved recognition for its expertise in providing state-of-the-art transportation solutions, enhancing safety and efficiency in the field. Thales SA's commitment to innovation and excellence has garnered it a solid reputation as a trusted global provider of advanced technology solutions across various sectors.

Thales SA is primarily present in various countries and regions worldwide. With a global footprint, Thales operates in Europe, including France, where the company is headquartered, as well as in other European nations such as Germany, the United Kingdom, and the Netherlands. Additionally, Thales has a strong presence in North America through its operations in the United States and Canada. The company also extends its reach to the Asia Pacific region, particularly in countries like Australia, China, and Singapore. Thales' extensive international presence allows it to cater to a diverse range of markets and customers across the globe.

Thales SA represents a set of core values and a strong corporate philosophy. The company believes in innovation, aiming to anticipate and meet the technological needs of its customers. Thales SA places great emphasis on collaboration, seeking to work closely with customers, partners, and employees to deliver the best possible solutions. With a commitment to integrity, Thales SA strives to conduct its business with honesty, transparency, and ethical practices. The company also emphasizes sustainability, aiming to minimize its environmental impact and contribute to a more sustainable future. Thales SA's values and corporate philosophy ultimately drive their mission to provide trusted and reliable solutions to their clients globally.

Analysts currently set an average price target of 290.94 EUR for the Thales stock (median: 289.68 EUR), implying +11.2 % versus the latest price. The consensus is based on 28 analyst ratings.

28 analysts currently rate the Thales stock: 19 recommend buying, 6 holding and 3 selling. For 2026, analysts expect Thales to generate revenue of 23.73 B EUR and earnings per share of 10.80 EUR.

The Thales share (HO.PA) is listed on 8 stock exchanges, including: Frankfurt (CSF.F), München (CSF.MU), Düsseldorf (CSF.DU), London (0IW5.L), Wien (THAL.VI), Paris (HO.PA).

Thales SA is an international conglomerate specializing in electronic systems, including defense, aviation, and transportation technology. The company was founded in 2000 and is headquartered in Paris, France. It is divided into four business sectors: Aerospace, Transport, Defense & Security, and Digital Identity & Security.

The expected revenue of Thales is 23.73 B EUR. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Thales is 2.23 B EUR. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Thales is currently 24.70. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Thales stock.

The price-to-sales ratio (P/S) of Thales is currently 2.32. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Thales stock.

The Eulerpool Quality Score for Thales is 7/10.

The ISIN of Thales is FR0000121329. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Thales is 850842. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Thales is HO.PA. The ticker symbol is used to trade Thales shares on the stock exchange.

Over the past 12 months, Thales paid a dividend of 3.80 EUR . This corresponds to a dividend yield of about 1.42 %. For the coming 12 months, Thales is expected to pay a dividend of 4.75 EUR.

The current dividend yield of Thales is 1.42 %.

Thales pays a dividend, distributed in the months of , , , .

Thales paid dividends every year for the past 31 years.

For the upcoming 12 months, dividends amounting to 4.75 EUR are expected. This corresponds to a dividend yield of 1.81 %.

Thales is assigned to the 'Industry' sector.

To receive the latest dividend of Thales from amounting to 0.95 EUR, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, Thales distributed 3.45 EUR as dividends.

The dividends of Thales are distributed in EUR.

All fundamentals and in-depth analysis of Thales

Our stock analysis for Thales stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Thales. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.