A Business at a Glance
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| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 22.2B | 22.2B | 20.0B | 18.5B | 19.1B | 17.7B |
| Net Income | 1.5B | 1.5B | 1.1B | 1.2B | 1.3B | 565M |
| EPS | $7.44 | $7.44 | $5.31 | $5.56 | $6.03 | $2.61 |
| Free Cash Flow | 2.8B | 2.8B | 1.7B | 3.2B | 3.2B | 1.3B |
| ROIC | 39.1% | 9.9% | 8.4% | 11.5% | 10.0% | 5.0% |
| Gross Margin | 26.1% | 26.1% | 25.9% | 25.4% | 24.9% | 23.3% |
| Debt/Equity | 0.00 | 0.90 | 1.11 | 0.85 | 1.17 | 1.74 |
| Dividends/Share | $3.73 | $3.73 | $3.69 | $3.10 | $3.02 | $2.02 |
| Operating Income | 1.4B | 1.4B | 1.3B | 1.4B | 1.4B | 739M |
| Operating Margin | 6.1% | 6.1% | 6.4% | 7.5% | 7.4% | 4.2% |
| ROE | 18.9% | 18.9% | 15.0% | 15.3% | 16.8% | 9.2% |
| Shares Outstanding | 205M | 205M | 207M | 210M | 213M | 213M |
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 17.7B | 19.1B | 18.5B | 20.0B | 22.2B | 22.2B |
| Gross Margin | 23.3% | 24.9% | 25.4% | 25.9% | 26.1% | 26.1% |
| R&D | -1.1B | -1.2B | -1.1B | -1.2B | -1.4B | -1.4B |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 739M | 1.4B | 1.4B | 1.3B | 1.4B | 1.4B |
| Op. Margin | 4.2% | 7.4% | 7.5% | 6.4% | 6.1% | 6.1% |
| Net Income | 565M | 1.3B | 1.2B | 1.1B | 1.5B | 1.5B |
| Net Margin | 3.2% | 6.7% | 6.4% | 5.6% | 6.9% | 6.9% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||||
| ROIC | 5.0% | 10.0% | 11.5% | 8.4% | 9.9% | 39.1% |
| ROE | 9.2% | 16.8% | 15.3% | 15.0% | 18.9% | 18.9% |
| ROA | 1.5% | 3.3% | 3.3% | 2.6% | 3.5% | 3.5% |
| Cash Flow | ||||||
| Op. Cash Flow | 1.3B | 3.2B | 3.2B | 1.7B | 2.8B | 2.8B |
| Free Cash Flow | 1.3B | 3.2B | 3.2B | 1.7B | 2.8B | 2.8B |
| Owner Earnings | 34M | 1.9B | 2.1B | 599M | 1.6B | 1.6B |
| CapEx | 0 | 0 | 0 | 0 | 0 | 0 |
| Maint. CapEx | 1.3B | 1.3B | 1.1B | 1.1B | 1.2B | 1.2B |
| Growth CapEx | N/A | N/A | N/A | N/A | N/A | 0 |
| D&A | 1.3B | 1.3B | 1.1B | 1.1B | 1.2B | 1.2B |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | ||||||
| Dividends Paid | 98M | 492M | 593M | 688M | 765M | 765M |
| Dividend Yield | 0.5% | 2.4% | 2.4% | 2.3% | 2.3% | 1.4% |
| Share Buybacks | 12M | 32M | 368M | 533M | 298M | 298M |
| Buyback Yield | 0.1% | 0.2% | 1.4% | 1.7% | 1.0% | 0.6% |
| Stock-Based Comp | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt Repayment | 984M | 2.1B | 829M | 987M | 1.2B | 1.2B |
| Balance Sheet | ||||||
| Net Debt | 4.9B | 2.9B | 1.3B | 3.9B | 2.2B | -5.2B |
| Cash & Equiv. | 5.7B | 6.0B | 5.4B | 4.3B | 5.2B | 5.2B |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 1.74 | 1.17 | 0.85 | 1.11 | 0.90 | 0.00 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | 6.1B | 7.6B | 7.8B | 7.4B | 8.1B | 8.1B |
| Total Assets | 36.5B | 38.7B | 36.2B | 42.1B | 43.2B | 43.2B |
| Total Liabilities | 30.4B | 31.1B | 28.5B | 34.7B | 35.1B | 35.1B |
| Intangibles | 6.9B | 8.4B | 5.8B | 11.1B | 12.4B | 12.4B |
| Retained Earnings | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Capital | 288M | 1.3B | 285M | -2.8B | -4.7B | -4.7B |
| Current Assets | 20.0B | 23.3B | 22.1B | 23.5B | 23.0B | 23.0B |
| Current Liabilities | 19.7B | 21.9B | 21.8B | 26.3B | 27.7B | 27.7B |
| Per Share Data | ||||||
| EPS | 2.61 | 6.03 | 5.56 | 5.31 | 7.44 | 7.44 |
| Owner EPS | 0.16 | 9.11 | 9.85 | 2.90 | 7.80 | 7.80 |
| Book Value | 28.80 | 35.88 | 36.99 | 35.88 | 39.55 | 39.55 |
| Cash Flow/Share | 8.73 | 11.92 | 10.97 | 10.87 | 13.55 | 13.55 |
| Dividends/Share | 2.02 | 3.02 | 3.10 | 3.69 | 3.73 | 3.73 |
| Shares Out. | 212.9M | 212.9M | 210.1M | 206.7M | 205.3M | 205.3M |
| Valuation | ||||||
| P/E Ratio | 35.2 | 13.6 | 23.1 | 27.9 | 19.3 | 34.8 |
| P/FCF | 14.7 | 5.5 | 8.5 | 17.7 | 10.3 | 18.7 |
| EV/EBIT | 33.1 | 14.5 | 20.3 | 27.1 | 23.2 | 35.2 |
| Price/Book | 3.2 | 2.3 | 3.5 | 4.1 | 3.6 | 6.6 |
| Price/Sales | 1.1 | 0.9 | 1.5 | 1.5 | 1.3 | 2.4 |
| FCF Yield | 6.8% | 18.3% | 11.8% | 5.7% | 9.7% | 5.4% |
| Market Cap | 19.5B | 17.5B | 26.9B | 30.6B | 29.5B | 53.2B |
| Avg. Price | 85.96 | 97.13 | 117.18 | 144.90 | 160.18 | 259.20 |
| Year-End Price | 91.83 | 82.15 | 128.21 | 148.09 | 143.66 | 259.20 |
THALES passes 5 of 9 quality checks, suggesting mixed fundamentals.
THALES trades at 34.8x trailing earnings, compared to its 15-year median P/E of 23.1x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 18.7x vs a median of 10.3x. The company's 5-year average ROIC is 9.0% with a gross margin of 25.1%. Total shareholder yield (dividends + buybacks) is 2.0%. At current prices, the estimated annualized return to fair value is +13.7%.
THALES (HO-PA) has a current P/E ratio of 34.8, compared to its historical median P/E of 23.1. The stock is currently considered Expensive based on its historical valuation range.
THALES (HO-PA) has a 5-year average return on invested capital (ROIC) of 9.0%. This is below average and may indicate limited pricing power.
THALES (HO-PA) has a market capitalization of $53.2B. It is classified as a large-cap stock.
Yes, THALES (HO-PA) pays a dividend with a trailing twelve-month yield of 1.44%. The company also returns capital through share buybacks, with a buyback yield of 0.56%.
Based on historical P/E analysis, THALES (HO-PA) appears expensive. The current P/E of 34.8 is 51% above its historical median of 23.1. The estimated fair value CAGR (P/E method) is 19.7%.
THALES (HO-PA) reported annual revenue of $22.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
THALES (HO-PA) has a net profit margin of 6.9%. This is a modest margin.
THALES (HO-PA) generated $2.8 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
THALES (HO-PA) has a debt-to-equity ratio of 0.90. This indicates moderate leverage.
THALES (HO-PA) reported earnings per share (EPS) of $7.44 in its most recent fiscal year.
THALES (HO-PA) has a return on equity (ROE) of 18.9%. This indicates the company generates strong returns for shareholders.
THALES (HO-PA) has a 5-year average gross margin of 25.1%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 5 years of financial data for THALES (HO-PA), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
THALES (HO-PA) has a book value per share of $39.55, based on its most recent annual SEC filing.