BN · rank #14 · 2026-10-20
HO
PARIS · EUR · $53.50B (USD)
The exact numbers the algorithm saw.
| Composite score Z-score blend of the factors below; drives the rank. | -0.37 |
|---|---|
| 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. | +26.6% |
| Last EPS surprise Most recent reported EPS versus consensus. | — |
| Market cap (USD) | $53.50B |
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 European defense and technology prime providing critical air-surveillance radars, integrated air and missile defense systems, command-and-control software, and secure communications.
Rationale
The bottleneck-solver signal is valid as Thales directly resolves European sovereign air-defense supply constraints, supported by a €52 billion order backlog and active radar production expansions across France, Germany, and the Netherlands.
Material risks
- 1Competition from the U.S. Patriot system and regional alternatives like Diehl's IRIS-T or Saab radar solutions could limit adoption of the SAMP/T NG system and squeeze Thales' integration market share.
- 2Developmental offerings such as HexaForce C2 and DeepFinder Tactical radars carry adoption and execution risks before securing large-scale, multi-year production awards.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 2 of 3 voted to proceed.