Business description: Thales

Thales is one of the European leaders in manufacturing and marketing of electronic equipment and systems for the aerospace, defense and security sectors. Net sales break down by product group as follows:

- defense and security systems (55.3%): C4I defense and security systems (control and monitoring systems, communication, protection, cyber-security, and other systems), defense mission systems, naval systems, electronic war systems, drones, air operation systems (air defense, air surveillance), ground defense systems and missiles;

- aerospace systems (26.7%): avionics equipment (cockpit, cabin multimedia, and simulation equipment), space systems (satellites, payloads, etc.);

- digital identification and security solutions (17.4%);

- other (0.6%).

Besides, the group owns a 35% stake in Naval Group (manufacture of naval equipment for defense and nuclear energy sectors).

Net sales are distributed geographically as follows: France (27.7%), the United Kingdom (6.5%), Europe (28.1%), North America (12.4%), Asia (9.9%), Australia and New Zealand (4.1%) and other (11.3%).

Number of employees: 82,111

Sales by Activity: Thales

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

Defence (Excluding of Digital I&S)

8.96B 9.52B 10.18B 11.32B 12.59B

Aerospace

4.55B 4.81B 5.34B 5.64B 6.09B

Cyber & Digital

3.03B 3.68B 3.42B 4.15B 3.98B

Other

-358M -440M -514M -528M -524M

Geographical breakdown of sales: Thales

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

Rest of Europe

3.72B 4.1B 4.58B 5.16B 6.21B

France

4.54B 4.83B 5.44B 5.93B 6.12B

North America

1.95B 2.42B 2.58B 2.92B 2.75B

Asia

2.06B 2.07B 1.73B 1.98B 2.19B

United Kingdom

940M 1.02B 1.21B 1.36B 1.43B

Near and Middle East

1.08B 1.19B 1.11B 1.21B 1.31B

Rest of The World

901M 991M 974M 1.09B 1.2B

Australia and New Zealand

994M 958M 812M 940M 911M

Executive Committee: Thales

Manager TitleAgeSince
Chief Executive Officer 56 23/12/2014
Director of Finance/CFO 52 01/07/2026
Chief Operating Officer 58 01/10/2023
Chief Tech/Sci/R&D Officer 52 -
Chief Tech/Sci/R&D Officer - 28/01/2016

Composition of the Board of Directors: Thales

Director TitleAgeSince
Director/Board Member 72 16/02/2010
Director/Board Member 66 19/05/2009
Director/Board Member 66 16/02/2010
Director/Board Member 76 15/05/2012
Chairman 56 23/12/2014
Director/Board Member 76 17/09/2013
Director/Board Member 61 12/09/2016
Director/Board Member 57 06/05/2021
Director/Board Member 65 30/01/2018
Director/Board Member 57 06/05/2021

Shareholders: Thales

NameStocks%Valuation
Government of France
26.6 %
54,788,714 26.6 % 15 510 M €
26.59 %
54,750,000 26.59 % 15 499 M €
Thales SA Employees Stock Ownership Plan
2.993 %
6,164,289 2.993 % 1 745 M €
Rathbones Asset Management Ltd.
0.3146 %
647,874 0.3146 % 183 M €
Goldman Sachs Asset Management International
0.2708 %
557,721 0.2708 % 158 M €
NameStocks%Valuation
Ferguson Wellman Capital Management, Inc.
0.0527 %
542,420 0.0527 % 31 M €
Valicenti Advisory Services, Inc.
0.005241 %
53,963 0.005241 % 3 M €
RhumbLine Advisers LP
0.001277 %
13,151 0.001277 % 744 570 €
Collaborative Fund Advisors LLC
0.000696 %
7,169 0.000696 % 405 887 €
GAMMA Investing LLC
0.000289 %
2,971 0.000289 % 168 209 €

Holdings: Thales

NameStocks%Valuation
464,4900.23% 131 M $

Company details: Thales

Thales SA

4, rue de la Verrerie

92189, Paris

+33 1 87 72 36 30

http://www.thalesgroup.com
address Thales(HO)

Group companies: Thales

NameCategory and Sector
Specialty Insurance
Property/Casualty Insurance
Computer Peripherals
Data Processing Services
Gemalto Digital Security Ltd.

Satellite Design & Manufacture

Change 5-day change 1-year change 3-year change Capi.($)
-0.27%-4.09%-4.25%+62.29% 53.89B
-1.42%-5.21%-16.03%+165.41% 10.55B
+0.63%+1.43%+56.99%+111.26% 10.28B
-3.08%-9.05%+86.06%+509.12% 6.27B
-1.66%-3.68%+171.87%+320.33% 4.36B
-1.37%-3.78%-22.53%+18.93% 3.27B
-1.87%-3.21%+59.93% - 1.31B
-1.72%-5.04%-43.72%-16.56% 1.14B
-2.19%+0.30%-36.49%-49.65% 614M
+0.14%+6.82%+37.40%+133.01% 588M
Average -1.27%-2.29%+28.92%+139.35% 9.23B
Weighted average by Cap. -0.65%-3.70%+15.51%+120.10%
Trader
Investor
Global
Quality
ESG MSCI
BBB
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
19
Last Close Price
225.10EUR
Average target price
294.63EUR
Spread / Average Target
+30.89%

Quarterly revenue - Rate of surprise

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