Thales S.A.
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
12.9513.7020.5221.7522.353.556.602.964.505.884.084.08
Price/Sales ratio
0.710.741.301.131.380.210.180.190.280.321.441.38
Price/Book Value ratio
2.452.254.183.353.850.730.620.490.700.880.780.78
Price/Cash Flow ratio
10.577.1414.5110.4320.082.252.371.191.663.984.354.35
Price/Free Cash Flow ratio
22.9810.5422.6414.0231.373.153.361.432.026.2040.7331.37
Price/Earnings Growth ratio
0.562.390.94-1.501.140.00-0.110.021.35-0.281.351.14
Dividend Yield
2.62%2.23%1.52%1.95%1.74%11.59%2.66%12.89%11.16%10.51%2.53%1.74%
Profitability Indicator Ratios
Gross Profit Margin
24.52%23.99%24.25%24.33%25.77%24.58%23.16%24.90%25.35%25.86%26.01%25.77%
Operating Profit Margin
6.84%6.85%7.37%7.96%8.84%6.97%4.81%7.06%7.65%8.47%8.59%8.59%
Pretax Profit Margin
7.52%7.34%8.53%7.28%8.46%7.86%3.42%7.19%7.66%6.40%5.61%7.86%
Net Profit Margin
5.50%5.44%6.35%5.20%6.19%6.09%2.84%6.72%6.37%5.55%7.25%6.19%
Effective Tax Rate
21.95%21.29%20.12%22.94%23.41%20.79%15.51%12.68%16.71%21.35%23.27%23.27%
Return on Assets
3.57%3.54%4.17%3.52%3.84%3.59%1.51%3.31%3.25%2.63%3.64%3.64%
Return On Equity
18.93%16.46%20.39%15.42%17.22%20.58%9.45%16.80%15.62%14.98%19.73%17.22%
Return on Capital Employed
10.62%11.54%11.69%13.34%12.88%9.34%5.58%8.01%9.82%10.72%11.29%11.29%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.84N/A
Quick Ratio
0.780.790.850.860.950.690.810.880.830.720.620.69
Cash ratio
0.210.260.270.300.380.160.290.270.240.160.160.16
Days of Sales Outstanding
139.00133.58137.37116.39166.06131.07134.33135.49125.96133.97187.84166.06
Days of Inventory outstanding
90.8687.4588.5285.6195.5598.1498.10100.14102.21106.78131.7395.55
Operating Cycle
229.86221.04225.90202.00261.62229.21232.44235.63228.17240.75319.58261.62
Days of Payables Outstanding
81.1778.4577.9572.98190.7173.0161.9362.1169.7973.23198.13190.71
Cash Conversion Cycle
148.68142.58147.94129.0270.90156.19170.50173.52158.38167.52121.4470.90
Debt Ratios
Debt Ratio
0.070.070.060.070.100.140.180.140.110.170.220.10
Debt Equity Ratio
0.410.330.330.310.470.831.160.710.551.021.150.47
Long-term Debt to Capitalization
0.280.150.230.150.290.340.420.330.270.390.410.29
Total Debt to Capitalization
0.290.240.240.230.320.450.530.410.350.500.530.32
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A18.98N/A
Cash Flow to Debt Ratio
0.550.950.861.030.400.380.220.580.760.210.150.38
Company Equity Multiplier
5.304.644.884.384.475.726.215.064.795.675.244.47
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.060.100.080.100.060.090.070.160.170.080.060.09
Free Cash Flow / Operating Cash Flow Ratio
0.460.670.640.740.640.710.700.830.820.640.520.71
Cash Flow Coverage Ratio
0.550.950.861.030.400.380.220.580.760.210.150.38
Short Term Coverage Ratio
8.082.1012.002.423.401.010.622.052.360.600.401.01
Dividend Payout Ratio
33.99%30.58%31.36%42.46%38.91%41.27%17.60%38.29%50.27%61.92%50.28%38.91%