BN · rank #9 · 2026-07-22
HO
PARIS · EUR · $52.74B (USD)
The exact numbers the algorithm saw.
| Composite score Z-score blend of the factors below; drives the rank. | -0.22 |
|---|---|
| Forward revenue growth Consensus forward revenue growth. | +8.4% |
| Forward net margin Consensus forward net margin. | +8.0% |
| Net margin TTM Trailing twelve month net margin. | +7.6% |
| Margin expansion Forward minus trailing net margin (percentage points). | +0.5% |
| Forward PEG Forward P/E to growth. Below 1 is cheap for the growth. | 1.77 |
| Debt / FCF Net debt relative to free cash flow. Lower is safer. | 1.35× |
| Analyst upside Spread between the consensus 12m target and the current price. | +28.1% |
| Last EPS surprise Most recent reported EPS versus consensus. | — |
| Market cap (USD) | $52.74B |
The AI research card
Independent qualitative review of each pick before the order is placed. On the rare day the research service is unavailable, the paper book trades on the quant ranking alone and no card appears here.
Summary
Thales S.A. is a leading European defense, aerospace, and security technology group specializing in complex air-defense systems, secure communications, and cybersecurity [1, 2, 3].
Rationale
The bottleneck-solver signal is supported by Thales's massive €25.3 billion multi-year backlog and highly differentiated position in high-barrier European defense programs like the SAMP/T NG [2, 3].
Material risks
- 1French corporate tax increases, including an expected €90–100 million surcharge and a Naval Group-related levy, which directly threaten to compress net margins and cash generation [4].
- 2Volatility in quarterly defense order intakes causing consensus misses and stock pressure, compounded by near-term binary risk from the July 23, 2026 earnings release [1].
AI verdict council
Each pick is reviewed independently by 3 models before any order. 2 of 3 voted to proceed.