THALES SA (CSF.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:CSF - FR0000121329 - Common Stock
228.5 EUR
-1.5 (-0.65%)
Overall CSF gets a fundamental rating of 5 out of 10. We evaluated CSF against 47 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 has a correct valuation and a medium 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.
CSF had positive earnings in each of the past 5 years.
CSF had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CSF's Return On Assets of 2.74% is in line compared to the rest of the industry. CSF outperforms 40.43% of its industry peers.
CSF's Return On Equity of 14.93% is in line compared to the rest of the industry. CSF outperforms 55.32% of its industry peers.
CSF has a better Return On Invested Capital (11.65%) than 72.34% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CSF is in line with the industry average of 9.56%.
The 3 year average ROIC (8.24%) for CSF is below the current ROIC(11.65%), indicating increased profibility in the last year.
| 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
CSF has a Profit Margin of 4.99%. This is comparable to the rest of the industry: CSF outperforms 44.68% of its industry peers.
In the last couple of years the Profit Margin of CSF has grown nicely.
CSF has a better Operating Margin (9.24%) than 63.83% of its industry peers.
In the last couple of years the Operating Margin of CSF has grown nicely.
CSF has a Gross Margin (26.11%) which is comparable to the rest of the 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.
Compared to 1 year ago, CSF has less shares outstanding
Compared to 5 years ago, CSF has less shares outstanding
CSF has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.62, we must say that CSF is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.62, CSF is doing worse than 78.72% of the companies in the same industry.
CSF has a debt to FCF ratio of 3.07. This is a good value and a sign of high solvency as CSF would need 3.07 years to pay back of all of its debts.
CSF's Debt to FCF ratio of 3.07 is fine compared to the rest of the industry. CSF outperforms 76.60% of its industry peers.
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 | 1.62 |
ROIC/WACC1.4
WACC8.35%
2.3 Liquidity
A Current Ratio of 0.82 indicates that CSF may have some problems paying its short term obligations.
CSF's Current ratio of 0.82 is on the low side compared to the rest of the industry. CSF is outperformed by 93.62% of its industry peers.
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.
CSF's Quick ratio of 0.61 is on the low side compared to the rest of the industry. CSF is outperformed by 72.34% of its industry peers.
| 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%.
CSF shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.55% yearly.
The Revenue has grown by 11.16% in the past year. This is quite good.
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 12.82% yearly.
Based on estimates for the next years, CSF will show a quite strong growth in Revenue. The Revenue will grow by 8.08% on average per year.
EPS Next Y10.13%
EPS Next 2Y13.34%
EPS Next 3Y13%
EPS Next 5Y12.82%
Revenue Next Year9.05%
Revenue Next 2Y8.2%
Revenue Next 3Y8.1%
Revenue Next 5Y8.08%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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
CSF is valuated quite expensively with a Price/Earnings ratio of 44.20.
The rest of the industry has a similar Price/Earnings ratio as CSF.
CSF's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.59.
A Price/Forward Earnings ratio of 20.19 indicates a rather expensive valuation of CSF.
Based on the Price/Forward Earnings ratio, CSF is valued cheaply inside the industry as 80.85% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of CSF to the average of the S&P500 Index (24.03), we can say CSF is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.2 | ||
| Fwd PE | 20.19 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CSF indicates a somewhat cheap valuation: CSF is cheaper than 72.34% of the companies listed in the same industry.
89.36% 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 | 19.76 | ||
| EV/EBITDA | 16.2 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CSF does not grow enough to justify the current Price/Earnings ratio.
CSF has a very decent profitability rating, which may justify a higher PE ratio.
CSF's earnings are expected to grow with 13.00% in the coming years. This may justify a more expensive valuation.
PEG (NY)4.36
PEG (5Y)7.97
EPS Next 2Y13.34%
EPS Next 3Y13%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.64%, CSF has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 0.87, CSF pays a better dividend. On top of this CSF pays more dividend than 80.85% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 1.88, CSF has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.64% |
5.2 History
The dividend of CSF is nicely growing with an annual growth rate of 9.56%!
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 2Y13.34%
EPS Next 3Y13%
FRA:CSF (12/23/2025, 7:00:00 PM)
228.5
-1.5 (-0.65%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners23.44%
Inst Owner ChangeN/A
Ins Owners0.02%
Ins Owner ChangeN/A
Market Cap47.06B
Revenue(TTM)21.35B
Net Income(TTM)1.07B
Analysts76.43
Price Target280.86 (22.91%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.64% |
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)-0.79%
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.11%
EPS NY rev (3m)1.62%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.2 | ||
| Fwd PE | 20.19 | ||
| P/S | 2.2 | ||
| P/FCF | 19.76 | ||
| P/OCF | 15.46 | ||
| P/B | 6.59 | ||
| P/tB | N/A | ||
| EV/EBITDA | 16.2 |
EPS(TTM)5.17
EY2.26%
EPS(NY)11.31
Fwd EY4.95%
FCF(TTM)11.56
FCFY5.06%
OCF(TTM)14.78
OCFY6.47%
SpS103.67
BVpS34.66
TBVpS-17.3
PEG (NY)4.36
PEG (5Y)7.97
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 | 1.62 |
F-Score7
WACC8.35%
ROIC/WACC1.4
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 Y10.13%
EPS Next 2Y13.34%
EPS Next 3Y13%
EPS Next 5Y12.82%
Revenue 1Y (TTM)11.16%
Revenue growth 3Y8.32%
Revenue growth 5Y2.26%
Sales Q2Q%8.14%
Revenue Next Year9.05%
Revenue Next 2Y8.2%
Revenue Next 3Y8.1%
Revenue Next 5Y8.08%
EBIT growth 1Y17.28%
EBIT growth 3Y13.73%
EBIT growth 5Y5.27%
EBIT Next Year51.54%
EBIT Next 3Y22%
EBIT Next 5Y16.04%
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 4 / 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 10.13% in the next year.
Is the dividend of THALES SA sustainable?
The dividend rating of THALES SA (CSF.DE) is 6 / 10 and the dividend payout ratio is 71.25%.