Thales (HO) Stock Price, Fundamentals & Analysis

What HO does

Thales (HO) is a stock listed on the Euronext Paris stocks market, operating in the Industrials sector, specifically in the Aerospace & Defense industry. Headquartered in Meudon, France, the company employs 79,263 people. Thales provides a wide range of solutions for defence and security, aerospace and space, and digital identity and security markets worldwide. Its offerings include advanced air defence systems, combat systems, defence onboard electronics, command and control solutions, mission and surveillance systems, airborne optronics, and airspace protection solutions. The company also delivers collaborative combat, intelligence, connectivity and cloud solutions, country and force protection, military vehicle systems, collaborative artillery, augmented soldier systems, robotics and drones, above-water combat, unmanned maritime and underwater warfare systems, naval support and services, joint systems, mission-critical and radio communications, cyber defence and electronic warfare solutions, protection systems, unmanned aerial vehicle systems, digital transformation services, and Geonav IoT for real-time indoor/outdoor precise navigations.

Key numbers explained

• 229.4 EUR is the current price for one share of Thales on the Euronext Paris market.
• The trailing P/E ratio of 31.6 shows how much investors pay per euro of the company's last twelve months of earnings; a higher number can suggest higher growth expectations.
• The forward P/E ratio of 18.5 uses expected future earnings and is often seen as a more forward-looking valuation measure than the trailing P/E ratio.
• Earnings per share for the trailing twelve months is 7.25 EUR, representing the portion of the company's net profit allocated to each outstanding share.
• The dividend yield of 1.7% indicates the annual dividend payment as a percentage of the current share price, a common way to compare income returns across stocks.
• The ex-dividend date is May 18, 2026; buying the stock on or after this date means you will not receive the next dividend payment.
• 54% of earnings are paid out as dividends, showing the share of profit returned to shareholders rather than kept for reinvestment.
• Beta of 0.12 suggests the stock's price tends to be much less volatile than the overall market, a measure of systematic risk.
• The 52-week range of 212.6 – 279.3 shows the lowest and highest prices traded over the past year, giving a sense of recent price variability.
• Market capitalisation of 47.18B EUR reflects the total market value of all outstanding shares, used to categorise the company's size.
• Revenue for the trailing twelve months is 22.82B EUR, with a year-over-year growth rate of 6.7%, showing top-line expansion.
• Profit margin of 6.6% and operating margin of 10.3% measure how much of each revenue euro translates into net profit and operating profit, respectively.
• Return on equity of 19.4% indicates how effectively the company generates profits from shareholders' equity.
• The debt-to-equity ratio of 69.5% compares the company's total debt to its shareholders' equity, a common measure of financial leverage.
• Price-to-book of 5.89 compares the market price per share to the company's book value per share, often used in valuation analysis.

What to watch

Thales operates in the defence and aerospace sectors, which are often influenced by government spending cycles, geopolitical tensions, and international security policies. As a large-cap stock in the Industrials sector, its performance can be affected by currency fluctuations, particularly the euro, given its global operations and revenue streams. Investors often monitor the nextEarningsDate of July 23, 2026, as a key event for updates on financial results and forward guidance. The company's position among peers such as Bureau Veritas (BVI), Schneider Electric (SU), Safran (SAF), Veolia (VIE), Vinci (DG), Bouygues (EN), and Teleperformance (TEP) on the CAC 40 index can provide context for sector-wide trends. General factors to watch include changes in defence budgets, technological developments in aerospace and digital security, and broader macroeconomic conditions that influence both government contracts and corporate investment.