BN · rank #10 · 2026-10-23
AM
PARIS · EUR · $25.99B (USD)
The exact numbers the algorithm saw.
| Composite score Z-score blend of the factors below; drives the rank. | -0.21 |
|---|---|
| Forward revenue growth Consensus forward revenue growth. | +10.8% |
| Forward net margin Consensus forward net margin. | +12.4% |
| Net margin TTM Trailing twelve month net margin. | +11.3% |
| Margin expansion Forward minus trailing net margin (percentage points). | +1.1% |
| Forward PEG Forward P/E to growth. Below 1 is cheap for the growth. | 1.09 |
| Debt / FCF Net debt relative to free cash flow. Lower is safer. | 0.08× |
| Analyst upside Spread between the consensus 12m target and the current price. | +20.0% |
| Last EPS surprise Most recent reported EPS versus consensus. | — |
| Market cap (USD) | $25.99B |
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
Dassault Aviation is a French aerospace and defense prime contractor centered on Rafale combat aircraft, Falcon business jets, and mission aircraft, with a large export-heavy backlog and sovereign upgrade work.
Rationale
The signal fits a bottleneck-solver thesis because Dassault controls an independently exportable fighter platform with visible backlog, strong cash generation, low leverage, and improving margins, while demand is reinforced by European air-defense rearmament.
Material risks
- 1The biggest thesis risk is that India’s prospective 114-jet Rafale deal is still only under negotiation, so a large part of the implied growth may not convert into booked revenue.
- 2Rafale deliveries and future upgrade economics remain exposed to government procurement timing, export approvals, geopolitical shifts, and FCAS/NGF program uncertainty, which could slow backlog conversion.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 1 of 3 voted to proceed.