BN · rank #14 · 2026-10-19
HO
PARIS · EUR · $54.08B (USD)
The exact numbers the algorithm saw.
| Composite score Z-score blend of the factors below; drives the rank. | -0.38 |
|---|---|
| Forward revenue growth Consensus forward revenue growth. | +9.0% |
| Forward net margin Consensus forward net margin. | +6.9% |
| Net margin TTM Trailing twelve month net margin. | +6.6% |
| Margin expansion Forward minus trailing net margin (percentage points). | +0.3% |
| Forward PEG Forward P/E to growth. Below 1 is cheap for the growth. | 1.68 |
| Debt / FCF Net debt relative to free cash flow. Lower is safer. | 0.86× |
| Analyst upside Spread between the consensus 12m target and the current price. | +25.5% |
| Last EPS surprise Most recent reported EPS versus consensus. | — |
| Market cap (USD) | $54.08B |
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. provides mission-critical air-defense radar systems, naval sensors, command-and-control solutions, aerospace avionics, and digital security technology.
Rationale
The company solves critical European air-defense capacity bottlenecks through its software-defined GM200 4D-AESA radar family, supported by high revenue visibility with a €41.1 billion defense backlog (~3.2 years of defense sales).
Material risks
- 1Prime contractor scope loss or program cancellations, as evidenced by the €450 million charge resulting from the termination of Germany's F126 frigate program.
- 2Regulatory or integration risks surrounding the pending Exail Technologies acquisition alongside intense competition from peers like Leonardo, Saab, and Hensoldt.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 2 of 3 voted to proceed.