THALES SA (CSF.DE) Fundamental Analysis & Valuation

FRA:CSF • FR0000121329

Current stock price

231.7 EUR
-1 (-0.43%)
Last:

This CSF.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. CSF.DE Profitability Analysis

1.1 Basic Checks

  • CSF had positive earnings in the past year.
  • In the past year CSF had a positive cash flow from operations.
  • CSF had positive earnings in each of the past 5 years.
  • Each year in the past 5 years CSF had a positive operating cash flow.
CSF.DE Yearly Net Income VS EBIT VS OCF VS FCFCSF.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

1.2 Ratios

  • CSF has a Return On Assets (4.28%) which is in line with its industry peers.
  • CSF has a better Return On Equity (21.01%) than 71.43% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 12.72%, CSF is in the better half of the industry, outperforming 76.79% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for CSF is in line with the industry average of 9.92%.
  • The 3 year average ROIC (9.54%) for CSF is below the current ROIC(12.72%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 4.28%
ROE 21.01%
ROIC 12.72%
ROA(3y)3.49%
ROA(5y)3.41%
ROE(3y)18.3%
ROE(5y)17.46%
ROIC(3y)9.54%
ROIC(5y)8.66%
CSF.DE Yearly ROA, ROE, ROICCSF.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • With a decent Profit Margin value of 7.56%, CSF is doing good in the industry, outperforming 62.50% of the companies in the same industry.
  • In the last couple of years the Profit Margin of CSF has grown nicely.
  • CSF has a Operating Margin of 10.02%. This is comparable to the rest of the industry: CSF outperforms 57.14% of its industry peers.
  • In the last couple of years the Operating Margin of CSF has grown nicely.
  • CSF's Gross Margin of 26.44% is in line compared to the rest of the industry. CSF outperforms 41.07% of its industry peers.
  • In the last couple of years the Gross Margin of CSF has grown nicely.
Industry RankSector Rank
OM 10.02%
PM (TTM) 7.56%
GM 26.44%
OM growth 3Y6.86%
OM growth 5Y11.37%
PM growth 3Y5.85%
PM growth 5Y19.19%
GM growth 3Y1.4%
GM growth 5Y2.57%
CSF.DE Yearly Profit, Operating, Gross MarginsCSF.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

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4

2. CSF.DE Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CSF is creating some value.
  • CSF has about the same amout of shares outstanding than it did 1 year ago.
  • CSF has less shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, CSF has an improved debt to assets ratio.
CSF.DE Yearly Shares OutstandingCSF.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
CSF.DE Yearly Total Debt VS Total AssetsCSF.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.2 Solvency

  • CSF has an Altman-Z score of 1.73. This is a bad value and indicates that CSF is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of CSF (1.73) is worse than 75.00% of its industry peers.
  • CSF has a debt to FCF ratio of 2.39. This is a good value and a sign of high solvency as CSF would need 2.39 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 2.39, CSF is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
  • CSF has a Debt/Equity ratio of 0.50. This is a neutral value indicating CSF is somewhat dependend on debt financing.
  • The Debt to Equity ratio of CSF (0.50) is comparable to the rest of the industry.
  • Even though the debt/equity ratio score it not favorable for CSF, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 0.5
Debt/FCF 2.39
Altman-Z 1.73
ROIC/WACC1.62
WACC7.84%
CSF.DE Yearly LT Debt VS Equity VS FCFCSF.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.3 Liquidity

  • A Current Ratio of 0.84 indicates that CSF may have some problems paying its short term obligations.
  • CSF has a worse Current ratio (0.84) than 91.07% of its industry peers.
  • A Quick Ratio of 0.65 indicates that CSF may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.65, CSF is doing worse than 76.79% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.84
Quick Ratio 0.65
CSF.DE Yearly Current Assets VS Current LiabilitesCSF.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B 25B

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5

3. CSF.DE Growth Analysis

3.1 Past

  • CSF shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 18.40%, which is quite good.
  • The Earnings Per Share has been growing by 17.27% on average over the past years. This is quite good.
  • CSF shows a small growth in Revenue. In the last year, the Revenue has grown by 7.58%.
  • Measured over the past years, CSF shows a small growth in Revenue. The Revenue has been growing by 7.57% on average per year.
EPS 1Y (TTM)18.4%
EPS 3Y9.91%
EPS 5Y17.27%
EPS Q2Q%151.84%
Revenue 1Y (TTM)7.58%
Revenue growth 3Y8.01%
Revenue growth 5Y7.57%
Sales Q2Q%7.1%

3.2 Future

  • The Earnings Per Share is expected to grow by 11.41% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 7.54% on average over the next years.
EPS Next Y13.38%
EPS Next 2Y13.53%
EPS Next 3Y13.07%
EPS Next 5Y11.41%
Revenue Next Year7.99%
Revenue Next 2Y8.03%
Revenue Next 3Y8.21%
Revenue Next 5Y7.54%

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
CSF.DE Yearly Revenue VS EstimatesCSF.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10B 20B 30B
CSF.DE Yearly EPS VS EstimatesCSF.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5 10 15

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5

4. CSF.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 23.74 indicates a rather expensive valuation of CSF.
  • 82.14% of the companies in the same industry are more expensive than CSF, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of CSF to the average of the S&P500 Index (27.15), we can say CSF is valued inline with the index average.
  • CSF is valuated rather expensively with a Price/Forward Earnings ratio of 20.94.
  • CSF's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. CSF is cheaper than 78.57% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.12, CSF is valued at the same level.
Industry RankSector Rank
PE 23.74
Fwd PE 20.94
CSF.DE Price Earnings VS Forward Price EarningsCSF.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, CSF is valued a bit cheaper than 71.43% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of CSF indicates a rather cheap valuation: CSF is cheaper than 91.07% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 18.6
EV/EBITDA 14.9
CSF.DE Per share dataCSF.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60 80 100

4.3 Compensation for Growth

  • CSF's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of CSF may justify a higher PE ratio.
  • A more expensive valuation may be justified as CSF's earnings are expected to grow with 13.07% in the coming years.
PEG (NY)1.77
PEG (5Y)1.37
EPS Next 2Y13.53%
EPS Next 3Y13.07%

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5

5. CSF.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.61%, CSF has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 0.88, CSF pays a better dividend. On top of this CSF pays more dividend than 83.93% of the companies listed in the same industry.
  • CSF's Dividend Yield is comparable with the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.61%

5.2 History

  • On average, the dividend of CSF grows each year by 56.89%, which is quite nice.
Dividend Growth(5Y)56.89%
Div Incr Years1
Div Non Decr Years1
CSF.DE Yearly Dividends per shareCSF.DE Yearly Dividends per shareYearly Dividends per share 2025 2026 0.5 1 1.5 2 2.5

5.3 Sustainability

  • CSF pays out 46.62% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • The dividend of CSF is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP46.62%
EPS Next 2Y13.53%
EPS Next 3Y13.07%
CSF.DE Yearly Income VS Free CF VS DividendCSF.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B
CSF.DE Dividend Payout.CSF.DE Dividend Payout, showing the Payout Ratio.CSF.DE Dividend Payout.PayoutRetained Earnings

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CSF.DE Fundamentals: All Metrics, Ratios and Statistics

THALES SA

FRA:CSF (4/27/2026, 7:00:00 PM)

231.7

-1 (-0.43%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)04-22
Earnings (Next)07-21
Inst Owners22.22%
Inst Owner ChangeN/A
Ins Owners0.02%
Ins Owner ChangeN/A
Market Cap47.72B
Revenue(TTM)22.14B
Net Income(TTM)1.67B
Analysts78.62
Price Target298.33 (28.76%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.61%
Yearly Dividend3.8
Dividend Growth(5Y)56.89%
DP46.62%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)2.02%
PT rev (3m)5.6%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-1.52%
EPS NY rev (3m)-2.4%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.51%
Revenue NY rev (3m)0.65%
Valuation
Industry RankSector Rank
PE 23.74
Fwd PE 20.94
P/S 2.16
P/FCF 18.6
P/OCF 14.36
P/B 5.99
P/tB N/A
EV/EBITDA 14.9
EPS(TTM)9.76
EY4.21%
EPS(NY)11.07
Fwd EY4.78%
FCF(TTM)12.46
FCFY5.38%
OCF(TTM)16.13
OCFY6.96%
SpS107.49
BVpS38.69
TBVpS-12.42
PEG (NY)1.77
PEG (5Y)1.37
Graham Number92.1789 (-60.22%)
Profitability
Industry RankSector Rank
ROA 4.28%
ROE 21.01%
ROCE 15.94%
ROIC 12.72%
ROICexc 18.82%
ROICexgc N/A
OM 10.02%
PM (TTM) 7.56%
GM 26.44%
FCFM 11.59%
ROA(3y)3.49%
ROA(5y)3.41%
ROE(3y)18.3%
ROE(5y)17.46%
ROIC(3y)9.54%
ROIC(5y)8.66%
ROICexc(3y)13.3%
ROICexc(5y)12.54%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)13.33%
ROCE(5y)11.84%
ROICexgc growth 3Y151.11%
ROICexgc growth 5Y102.17%
ROICexc growth 3Y9.04%
ROICexc growth 5Y20.37%
OM growth 3Y6.86%
OM growth 5Y11.37%
PM growth 3Y5.85%
PM growth 5Y19.19%
GM growth 3Y1.4%
GM growth 5Y2.57%
F-Score9
Asset Turnover0.57
Health
Industry RankSector Rank
Debt/Equity 0.5
Debt/FCF 2.39
Debt/EBITDA 1.21
Cap/Depr 69.59%
Cap/Sales 3.42%
Interest Coverage 9.83
Cash Conversion 100.48%
Profit Quality 153.19%
Current Ratio 0.84
Quick Ratio 0.65
Altman-Z 1.73
F-Score9
WACC7.84%
ROIC/WACC1.62
Cap/Depr(3y)61.13%
Cap/Depr(5y)55.26%
Cap/Sales(3y)3.28%
Cap/Sales(5y)3.13%
Profit Quality(3y)125.43%
Profit Quality(5y)160.54%
High Growth Momentum
Growth
EPS 1Y (TTM)18.4%
EPS 3Y9.91%
EPS 5Y17.27%
EPS Q2Q%151.84%
EPS Next Y13.38%
EPS Next 2Y13.53%
EPS Next 3Y13.07%
EPS Next 5Y11.41%
Revenue 1Y (TTM)7.58%
Revenue growth 3Y8.01%
Revenue growth 5Y7.57%
Sales Q2Q%7.1%
Revenue Next Year7.99%
Revenue Next 2Y8.03%
Revenue Next 3Y8.21%
Revenue Next 5Y7.54%
EBIT growth 1Y22.11%
EBIT growth 3Y15.42%
EBIT growth 5Y19.8%
EBIT Next Year48.37%
EBIT Next 3Y21.18%
EBIT Next 5Y14.1%
FCF growth 1Y35.3%
FCF growth 3Y3.31%
FCF growth 5Y14.95%
OCF growth 1Y31.87%
OCF growth 3Y5.11%
OCF growth 5Y14.92%

THALES SA / CSF.DE Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for THALES SA?

ChartMill assigns a fundamental rating of 5 / 10 to CSF.DE.


Can you provide the valuation status for THALES SA?

ChartMill assigns a valuation rating of 5 / 10 to THALES SA (CSF.DE). This can be considered as Fairly Valued.


What is the profitability of CSF stock?

THALES SA (CSF.DE) has a profitability rating of 7 / 10.


What is the financial health of THALES SA (CSF.DE) stock?

The financial health rating of THALES SA (CSF.DE) is 4 / 10.


How sustainable is the dividend of THALES SA (CSF.DE) stock?

The dividend rating of THALES SA (CSF.DE) is 5 / 10 and the dividend payout ratio is 46.62%.