Added to YB: 2025-12-13
Pitch date: 2025-10-21
THLEF [bearish]
Thales S.A.
+9.93%
current return
Author Info
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Company Info
Thales S.A. provides various solutions in the defence and security, aerospace and space, and digital identity and security markets worldwide.
Market Cap
EUR 46.8B
Pitch Price
EUR 256.58
Price Target
N/A
Dividend
1.62%
EV/EBITDA
16.41
P/E
44.89
EV/Sales
2.36
Sector
Aerospace and Defense
Category
N/A
Show full summary:
Thales S.A. - $THLEF (short)
THLEF (short): Trading at defense multiples despite 50/50 defense/civilian mix. Defense tailwinds won't hit P&L until 2027-28 while Cyber & Digital declined -2% Q1'25, -4% H1'25. Space structurally challenged by Starlink. 40% France defense exposure faces political delays, procurement focused on R&D vs supply.
Read full article (3 min)