THALES SA (CSF.DE) Stock Fundamental Analysis
Europe - FRA:CSF - FR0000121329 - Common Stock
238.2 EUR
-0.8 (-0.33%)
CSF gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 46 industry peers in the Aerospace & Defense industry. There are concerns on the financial health of CSF while its profitability can be described as average. CSF is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year CSF was profitable.
CSF had a positive operating cash flow in the past year.
Each year in the past 5 years CSF has been profitable.
Each year in the past 5 years CSF had a positive operating cash flow.
1.2 Ratios
The Return On Assets of CSF (2.74%) is worse than 60.87% of its industry peers.
CSF has a Return On Equity of 14.93%. This is comparable to the rest of the industry: CSF outperforms 54.35% of its industry peers.
With a decent Return On Invested Capital value of 11.65%, CSF is doing good in the industry, outperforming 76.09% 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 9.55%.
The last Return On Invested Capital (11.65%) for CSF is above the 3 year average (8.24%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.74% | ||
| ROE | 14.93% | ||
| ROIC | 11.65% |
ROA(3y)3.15%
ROA(5y)2.86%
ROE(3y)16.5%
ROE(5y)15.14%
ROIC(3y)8.24%
ROIC(5y)7.14%
1.3 Margins
Looking at the Profit Margin, with a value of 4.99%, CSF is in line with its industry, outperforming 45.65% of the companies in the same industry.
CSF's Profit Margin has improved in the last couple of years.
CSF has a better Operating Margin (9.24%) than 60.87% of its industry peers.
CSF's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 26.11%, CSF perfoms like the industry average, outperforming 41.30% of the companies in the same industry.
CSF's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.24% | ||
| PM (TTM) | 4.99% | ||
| GM | 26.11% |
OM growth 3Y5%
OM growth 5Y2.94%
PM growth 3Y0.86%
PM growth 5Y2.5%
GM growth 3Y1.59%
GM growth 5Y1.22%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CSF is creating some value.
The number of shares outstanding for CSF has been reduced compared to 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.
2.2 Solvency
CSF has an Altman-Z score of 1.66. 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 (1.66) is worse than 76.09% of its industry peers.
The Debt to FCF ratio of CSF is 3.07, which is a good value as it means it would take CSF, 3.07 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 3.07, CSF is doing good in the industry, outperforming 76.09% of the companies in the same industry.
CSF has a Debt/Equity ratio of 0.56. This is a neutral value indicating CSF is somewhat dependend on debt financing.
The Debt to Equity ratio of CSF (0.56) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 3.07 | ||
| Altman-Z | 1.66 |
ROIC/WACC1.47
WACC7.9%
2.3 Liquidity
A Current Ratio of 0.82 indicates that CSF may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.82, CSF is doing worse than 93.48% of the companies in the same industry.
CSF has a Quick Ratio of 0.82. This is a bad value and indicates that CSF is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.61, CSF is not doing good in the industry: 69.57% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.61 |
3. Growth
3.1 Past
CSF shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -22.91%.
The Earnings Per Share has been growing slightly by 5.55% on average over the past years.
CSF shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.16%.
Measured over the past years, CSF shows a small growth in Revenue. The Revenue has been growing by 2.26% on average per year.
EPS 1Y (TTM)-22.91%
EPS 3Y10.55%
EPS 5Y5.55%
EPS Q2Q%-34.49%
Revenue 1Y (TTM)11.16%
Revenue growth 3Y8.32%
Revenue growth 5Y2.26%
Sales Q2Q%8.14%
3.2 Future
CSF is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.36% yearly.
CSF is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.90% yearly.
EPS Next Y8.88%
EPS Next 2Y13.16%
EPS Next 3Y12.77%
EPS Next 5Y12.36%
Revenue Next Year8.87%
Revenue Next 2Y7.91%
Revenue Next 3Y7.88%
Revenue Next 5Y8.9%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 46.07, the valuation of CSF can be described as expensive.
CSF's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 25.83, CSF is valued quite expensively.
A Price/Forward Earnings ratio of 21.12 indicates a rather expensive valuation of CSF.
82.61% of the companies in the same industry are more expensive than CSF, based on the Price/Forward Earnings ratio.
CSF's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 32.68.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.07 | ||
| Fwd PE | 21.12 |
4.2 Price Multiples
73.91% of the companies in the same industry are more expensive than CSF, based on the Enterprise Value to EBITDA ratio.
80.43% of the companies in the same industry are more expensive than CSF, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.6 | ||
| EV/EBITDA | 16.89 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
CSF has a very decent profitability rating, which may justify a higher PE ratio.
CSF's earnings are expected to grow with 12.77% in the coming years. This may justify a more expensive valuation.
PEG (NY)5.19
PEG (5Y)8.31
EPS Next 2Y13.16%
EPS Next 3Y12.77%
5. Dividend
5.1 Amount
CSF has a Yearly Dividend Yield of 1.59%.
Compared to an average industry Dividend Yield of 1.09, CSF pays a better dividend. On top of this CSF pays more dividend than 84.78% of the companies listed in the same industry.
CSF's Dividend Yield is slightly below the S&P500 average, which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.59% |
5.2 History
On average, the dividend of CSF grows each year by 9.56%, which is quite nice.
Dividend Growth(5Y)9.56%
Div Incr YearsN/A
Div Non Decr YearsN/A
5.3 Sustainability
CSF pays out 71.25% of its income as dividend. This is not a sustainable payout ratio.
The dividend of CSF is growing, but earnings are growing more, so the dividend growth is sustainable.
DP71.25%
EPS Next 2Y13.16%
EPS Next 3Y12.77%
FRA:CSF (11/7/2025, 7:00:00 PM)
238.2
-0.8 (-0.33%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners22.57%
Inst Owner ChangeN/A
Ins Owners0.02%
Ins Owner ChangeN/A
Market Cap49.05B
Revenue(TTM)21.35B
Net Income(TTM)1.07B
Analysts77.78
Price Target282.24 (18.49%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.59% |
Yearly Dividend3.44
Dividend Growth(5Y)9.56%
DP71.25%
Div Incr YearsN/A
Div Non Decr YearsN/A
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)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.07 | ||
| Fwd PE | 21.12 | ||
| P/S | 2.3 | ||
| P/FCF | 20.6 | ||
| P/OCF | 16.11 | ||
| P/B | 6.87 | ||
| P/tB | N/A | ||
| EV/EBITDA | 16.89 |
EPS(TTM)5.17
EY2.17%
EPS(NY)11.28
Fwd EY4.74%
FCF(TTM)11.56
FCFY4.85%
OCF(TTM)14.78
OCFY6.21%
SpS103.67
BVpS34.66
TBVpS-17.3
PEG (NY)5.19
PEG (5Y)8.31
Graham Number63.5
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.74% | ||
| ROE | 14.93% | ||
| ROCE | 14.78% | ||
| ROIC | 11.65% | ||
| ROICexc | 16.44% | ||
| ROICexgc | N/A | ||
| OM | 9.24% | ||
| PM (TTM) | 4.99% | ||
| GM | 26.11% | ||
| FCFM | 11.15% |
ROA(3y)3.15%
ROA(5y)2.86%
ROE(3y)16.5%
ROE(5y)15.14%
ROIC(3y)8.24%
ROIC(5y)7.14%
ROICexc(3y)11.9%
ROICexc(5y)10.41%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)11.53%
ROCE(5y)9.88%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y8.3%
ROICexc growth 5Y6.21%
OM growth 3Y5%
OM growth 5Y2.94%
PM growth 3Y0.86%
PM growth 5Y2.5%
GM growth 3Y1.59%
GM growth 5Y1.22%
F-Score7
Asset Turnover0.55
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 3.07 | ||
| Debt/EBITDA | 1.3 | ||
| Cap/Depr | 58.17% | ||
| Cap/Sales | 3.11% | ||
| Interest Coverage | 8.8 | ||
| Cash Conversion | 97.8% | ||
| Profit Quality | 223.37% | ||
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.61 | ||
| Altman-Z | 1.66 |
F-Score7
WACC7.9%
ROIC/WACC1.47
Cap/Depr(3y)54.76%
Cap/Depr(5y)48.08%
Cap/Sales(3y)3.16%
Cap/Sales(5y)2.94%
Profit Quality(3y)143.57%
Profit Quality(5y)182.78%
High Growth Momentum
Growth
EPS 1Y (TTM)-22.91%
EPS 3Y10.55%
EPS 5Y5.55%
EPS Q2Q%-34.49%
EPS Next Y8.88%
EPS Next 2Y13.16%
EPS Next 3Y12.77%
EPS Next 5Y12.36%
Revenue 1Y (TTM)11.16%
Revenue growth 3Y8.32%
Revenue growth 5Y2.26%
Sales Q2Q%8.14%
Revenue Next Year8.87%
Revenue Next 2Y7.91%
Revenue Next 3Y7.88%
Revenue Next 5Y8.9%
EBIT growth 1Y17.28%
EBIT growth 3Y13.73%
EBIT growth 5Y5.27%
EBIT Next Year47.96%
EBIT Next 3Y21.02%
EBIT Next 5Y15.54%
FCF growth 1Y47.67%
FCF growth 3Y-7.33%
FCF growth 5Y8.4%
OCF growth 1Y36.71%
OCF growth 3Y-3.84%
OCF growth 5Y7.31%
THALES SA / CSF.DE FAQ
Can you provide the ChartMill fundamental rating for THALES SA?
ChartMill assigns a fundamental rating of 5 / 10 to CSF.DE.
What is the valuation status of THALES SA (CSF.DE) stock?
ChartMill assigns a valuation rating of 5 / 10 to THALES SA (CSF.DE). This can be considered as Fairly Valued.
Can you provide the profitability details for THALES SA?
THALES SA (CSF.DE) has a profitability rating of 6 / 10.
What is the earnings growth outlook for THALES SA?
The Earnings per Share (EPS) of THALES SA (CSF.DE) is expected to grow by 8.88% in the next year.
Is the dividend of THALES SA sustainable?
The dividend rating of THALES SA (CSF.DE) is 5 / 10 and the dividend payout ratio is 71.25%.