Thales S.A. (THLLY)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Thales S.A. (THLLY) trades at $54.99 with AI Score 46/100 (Grade C). Thales S. A. is a global technology leader providing solutions in aerospace, defense, security, and digital identity. Market cap: $56.50B, Sector: Industrials.
Price live · AI analysis from Mar 18, 2026Analyst Coverage for THLLY: THLLY does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates THLLY against Industrials peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
THLLY: the 1 perspectives are evenly split.
How is this calculated? →Thales S.A. (THLLY) Industrial Operations Profile
Thales S.A., a French multinational, delivers advanced technology solutions across aerospace, defense, security, and digital identity markets. With a global presence and a focus on innovation, Thales serves diverse sectors, offering integrated systems and services to both civilian and military clients, marked by a P/E ratio of 30.66.
What Is the Investment Thesis for THLLY?
Thales S.A. presents a compelling investment case driven by its diversified business model and strong market position in high-growth sectors. The company's focus on technology innovation, particularly in digital identity and security, positions it to capitalize on increasing demand for secure solutions. With a market capitalization of $56.50B and a profit margin of 7.6%, Thales demonstrates financial stability. The company's growth is supported by ongoing investments in research and development and strategic partnerships. However, investors may want to evaluate potential risks related to geopolitical factors and economic cycles that could impact defense spending and infrastructure projects. The dividend yield of 1.52% offers a modest return, while a beta of 0.13 indicates lower volatility compared to the broader market.
Based on FMP financials and quantitative analysis
THLLY Key Highlights
- Market capitalization of $56.50B reflects Thales' significant presence in the aerospace and defense industry.
- P/E ratio of 30.66 indicates investor expectations for future earnings growth.
- Profit margin of 7.6% demonstrates the company's ability to generate profits from its operations.
- Gross margin of 26.4% highlights the efficiency of Thales' production and service delivery.
- Dividend yield of 1.52% provides a steady income stream for investors.
Who Are THLLY's Competitors?
THLLY is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| BAESF BAE Systems plc | $27.23 | +3.33% | $79.86B | 49 |
| BAESY BAE Systems plc | $108.36 | +2.12% | $79.45B | 49 |
| DPSTF Deutsche Post AG | $63.72 | +1.46% | $71.32B | 41 |
| DSDVY DSV A/S | $125.73 | -0.07% | $59.99B | 47 |
| FINMY Leonardo S.p.A. | $31.41 | +6.58% | $72.49B | 49 |
| FLY Firefly Aerospace Inc. | $27.88 | -3.53% | $4.58B | 68 |
| PL Planet Labs PBC | $31.04 | -1.10% | $10.33B | 66 |
| MDALF MDA Ltd. | $33.66 | +5.58% | $4.26B | 65 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are THLLY's Key Strengths?
- Diversified business model across multiple sectors.
- Strong technological capabilities and innovation.
- Global presence and established brand reputation.
- Long-term relationships with key customers.
What Are THLLY's Weaknesses?
- Exposure to economic cycles and geopolitical risks.
- Dependence on government contracts and defense spending.
- Complex organizational structure and decision-making processes.
- Potential for cost overruns and project delays.
What Could Drive THLLY Stock Higher?
- Increasing demand for cybersecurity solutions driven by rising cyber threats.
- Growth in the aerospace sector due to increased air travel and modernization of aircraft fleets.
- Potential new government contracts for defense and security solutions.
- Expansion in digital identity and security market.
- Strategic partnerships and acquisitions to expand capabilities.
What Are the Key Risks for THLLY?
- Economic downturns and reduced government spending on defense.
- Geopolitical tensions and conflicts impacting project timelines.
- Cybersecurity threats and data breaches compromising sensitive information.
- Intense competition from other technology companies.
- Currency fluctuations affecting the value of ADR.
What Are the Growth Opportunities for THLLY?
- Expansion in Digital Identity and Security: Thales is well-positioned to capitalize on the growing demand for digital identity and security solutions. The increasing prevalence of cyber threats and the need for secure digital transactions are driving market growth. Thales' expertise in biometrics, data protection, and cybersecurity enables it to offer comprehensive solutions to governments and businesses. The global digital security market is projected to reach $30 billion by 2028, providing a significant opportunity for Thales to expand its market share.
- Aerospace Innovation and Modernization: Thales can leverage its technological expertise to drive innovation in the aerospace sector. The increasing demand for more efficient and sustainable air travel is creating opportunities for Thales to develop advanced avionics, flight management systems, and in-flight entertainment solutions. The modernization of existing aircraft fleets and the development of new aircraft platforms will further fuel growth in this segment. Thales' strategic partnerships with aircraft manufacturers and airlines position it to capture a significant share of this market.
- Defense and Security Solutions for Emerging Markets: Thales can expand its presence in emerging markets by offering tailored defense and security solutions. The increasing geopolitical tensions and the need for enhanced security measures are driving demand for advanced defense technologies. Thales' portfolio of surveillance, detection, and intelligence systems enables it to provide comprehensive solutions to governments and security agencies. The company's ability to adapt its offerings to local requirements and establish strong relationships with local partners will be critical for success in these markets.
- Growth in Ground Transportation Solutions: Thales is positioned to benefit from the increasing demand for advanced ground transportation solutions. The growth of urbanization and the need for more efficient and sustainable transportation systems are driving demand for signaling, communications, and supervision systems. Thales' expertise in railway digitalization and urban mobility solutions enables it to offer comprehensive solutions to transportation authorities and operators. The company's focus on innovation and its ability to integrate its solutions with existing infrastructure will be key differentiators in this market.
- Strategic Partnerships and Acquisitions: Thales can pursue strategic partnerships and acquisitions to expand its capabilities and market reach. Collaborating with other technology companies and acquiring complementary businesses can enhance Thales' portfolio and accelerate its growth. The company's strategic agreement with Google LLC demonstrates its commitment to innovation and its ability to leverage external expertise. Thales' financial strength and its track record of successful acquisitions position it to pursue further strategic initiatives.
What Opportunities Does THLLY Have?
- Expansion in emerging markets and high-growth sectors.
- Development of new technologies and solutions.
- Strategic partnerships and acquisitions.
- Increasing demand for digital identity and security solutions.
What Threats Does THLLY Face?
- Intense competition from other technology companies.
- Changes in government regulations and defense policies.
- Cybersecurity threats and data breaches.
- Economic downturns and reduced spending.
What Are THLLY's Competitive Advantages?
- Technological expertise and innovation in key sectors.
- Strong relationships with government and industry partners.
- Diversified product portfolio across multiple markets.
- Global presence and established brand reputation.
What Does THLLY Do?
Founded in 1893 and headquartered in Courbevoie, France, Thales S.A. has evolved from Thomson-CSF into a global technology powerhouse. The company operates through four primary segments: Aerospace, Transport, Defence & Security, and Digital Identity & Security. Thales provides a comprehensive suite of solutions, including communication, command, and control systems; surveillance, detection, and intelligence systems; and digital identity and security solutions. Its offerings extend to air traffic management, flight decks, avionics, and in-flight entertainment systems. Thales also designs and delivers satellite-based systems and solutions for railway digitalization, cybersecurity, and urban mobility. Thales serves a diverse clientele, including civilian and military organizations, across various sectors such as aeronautics, space, defense, security, ground transportation, and digital security. The company's strategic agreement with Google LLC underscores its commitment to innovation and technological advancement. With a workforce of over 78,000 employees, Thales continues to expand its global footprint and strengthen its position as a key player in the technology industry.
What Products and Services Does THLLY Offer?
- Provides communication, command, and control systems for defense and security applications.
- Offers mission services and support for air, land, and naval forces.
- Develops protection and combat systems for military platforms.
- Creates surveillance, detection, and intelligence systems for various security needs.
- Delivers training and simulation solutions for aerospace and defense sectors.
- Provides digital identity and security solutions for businesses and governments.
- Offers air traffic management solutions to improve efficiency and safety.
- Designs and operates satellite-based systems for telecommunications and earth observation.
How Does THLLY Make Money?
- Develops and sells technology solutions to civilian and military customers.
- Provides services and support for its products, generating recurring revenue.
- Partners with other companies to expand its product offerings and market reach.
- Invests in research and development to maintain its technological edge.
What Industry Does THLLY Operate In?
Thales S.A. operates in the aerospace and defense industry, which is characterized by technological innovation, government regulations, and significant barriers to entry. The industry is experiencing growth driven by increasing demand for air travel, rising defense spending, and the need for advanced security solutions. Thales competes with other major players in the sector, including BAE Systems and other defense contractors. The company's diversified portfolio and global presence enable it to capture opportunities in both developed and emerging markets. The industry is also influenced by geopolitical factors and economic cycles, which can impact investment decisions and project timelines.
Who Are THLLY's Key Customers?
- Government agencies and defense organizations.
- Airlines and aerospace companies.
- Transportation authorities and operators.
- Businesses requiring digital identity and security solutions.
ROE 22%Key Financial Metrics
Return on equity for Thales S.A. stands at 22.2%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 4.3%, showing how much profit it generates from its asset base. THLLY trades at a trailing price-to-earnings ratio of 29.51, roughly in line with the Industrials sector average of ~30x. Its free cash flow yield is 5.3%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.84 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 3.4%, the inverse of the P/E and a quick read on earnings relative to price.
Thales S.A. (THLLY) Valuation Context
Valued at $56.50B, THLLY is classified as a large-cap stock. Relative to its peer group, THLLY's quantitative score of 46/100 is roughly in line with the peer average of 47/100.
Company Profile
Thales S.A. operates in the Aerospace & Defense industry within the Industrials sector. It is headquartered in Courbevoie, FR. The company is led by CEO Patrice Caine. THLLY has traded publicly since 2002.
F-Score 8/9Financial Health
Thales S.A.'s Piotroski F-Score is 8/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 2.34 places it in the grey zone, a middle ground that warrants monitoring.
FY2026 estForward Outlook
Wall Street analysts project Thales S.A. revenue of about $23.72B for fiscal 2026, with EPS near $0.00. The estimate reflects 17 contributing analysts.
THLLY Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Thales' strong government contracts provide revenue stability, like defense stocks during geopolitical tensions.
- Community buzz suggests a positive outlook on Thales' cybersecurity solutions, mirroring the market's growing focus on data protection.
- Insider buying activity indicates confidence in the company's future prospects, similar to when executives load up on shares after a dip.
- Thales' expansion into AI and cloud services positions it well for long-term growth, reminiscent of how companies like Amazon diversified.
Bear Case
- Community sentiment reveals concerns about Thales' exposure to economic downturns, similar to cyclical stocks during recessions.
- Recent regulatory scrutiny could impact Thales' operations, comparable to the challenges faced by heavily regulated industries.
- Increased competition in the aerospace sector might squeeze Thales' market share, akin to the airline industry's constant battle for passengers.
- Negative market perception due to supply chain disruptions could affect Thales' ability to fulfill contracts, like the auto industry's chip shortage woes.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · April 2026
THLLY Latest News
No recent news available for THLLY.
THLLY Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for THLLY.
Price Targets
Wall Street price target analysis for THLLY.
THLLY MoonshotScore
What does this score mean?
The MoonshotScore rates THLLY's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Patrice Caine
Chairman and Chief Executive Officer
Patrice Caine has served as the Chairman and Chief Executive Officer of Thales S.A. since 2014. He graduated from École Polytechnique and holds a degree in telecommunications engineering. Prior to joining Thales, he held various leadership positions at Alcatel. Caine has extensive experience in the technology industry and a proven track record of driving innovation and growth.
Track Record: Under Patrice Caine's leadership, Thales has strengthened its position as a global technology leader and expanded its presence in key markets. He has overseen the successful integration of several acquisitions and driven the company's focus on digital transformation. Caine has also emphasized the importance of innovation and sustainability, positioning Thales for long-term success.
Thales S.A. ADR Information Unsponsored
An American Depositary Receipt (ADR) is a certificate representing shares of a foreign company trading on U.S. stock exchanges. THLLY is an ADR, meaning it allows U.S. investors to invest in Thales S.A. without directly dealing with foreign markets. The ADR represents a specific number of Thales S.A. shares held by a U.S. depositary bank.
- Home Market Ticker: Euronext Paris, France
- ADR Level: 1
- ADR Ratio: 1:1
- Home Market Ticker: THLL
THLLY OTC Market Information
The OTC Other tier represents the lowest tier of the over-the-counter (OTC) market. Companies in this tier often have limited or no financial disclosure, and may not meet minimum listing requirements. Unlike companies listed on major exchanges like the NYSE or NASDAQ, OTC Other companies face fewer regulations and have a higher risk profile due to the lack of transparency and oversight.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure increases the risk of investing in THLLY.
- Lower liquidity can lead to price volatility and execution challenges.
- Potential for fraud or manipulation due to less regulatory oversight.
- Higher risk of delisting or suspension of trading.
- Difficulty in obtaining accurate and timely information about the company.
- Verify the company's registration and legal status.
- Obtain and review any available financial reports.
- Assess the company's management team and track record.
- Understand the company's business model and competitive landscape.
- Evaluate the company's risk factors and potential liabilities.
- Consult with a qualified financial advisor.
- Check for any regulatory actions or legal proceedings against the company.
- Established presence in the aerospace and defense industry.
- Strategic agreement with Google LLC.
- Global operations and diversified business model.
- Long operating history since 1893.
- Presence of a recognized CEO, Patrice Caine.
Thales S.A. Industrials Stock: Key Questions Answered
What does Thales S.A. do?
Thales S.A. is a global technology company that designs and builds electrical systems and provides services for the aerospace, defense, transportation, and security markets. The company's offerings range from air traffic management systems and in-flight entertainment to cybersecurity solutions and defense technologies. Thales serves both civilian and military customers worldwide, providing integrated solutions that address complex challenges in a rapidly evolving technological landscape.
What are the main risks for THLLY?
The main risks for Thales S.A. include exposure to economic cycles and geopolitical instability, which can impact defense spending and infrastructure projects. The company also faces intense competition from other technology companies and potential cybersecurity threats that could compromise sensitive data. Fluctuations in currency exchange rates can affect the value of THLLY for U.S. investors. Additionally, the company's reliance on government contracts exposes it to changes in regulations and defense policies.
What are the key factors to evaluate for THLLY?
Thales S.A. (THLLY) holds an AI score of 46/100 (low). Not financial advice.
How frequently does THLLY data refresh on this page?
THLLY prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven THLLY's recent stock price performance?
Thales S.A. (THLLY) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Diversified business model across multiple sectors. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider THLLY overvalued or undervalued right now?
Valuing Thales S.A. (THLLY) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying THLLY?
Before investing in Thales S.A. (THLLY), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Why might investors consider adding THLLY to a portfolio?
Key strength of Thales S.A. (THLLY): Diversified business model across multiple sectors. Weigh rewards against risks and diversify. Not financial advice.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis pending for THLLY, which may provide further insights.
- OTC market data may be less reliable than data from major exchanges.