Thales (HO.PA) stock price, revenue, and financials

Thales annual revenue was €15.85 b in FY 2018

€8.2 B

Thales Revenue H1, 2019
Thales Gross profit (H1, 2019)2.1 B
Thales Gross profit margin (H1, 2019), %25.7%
Thales Net income (H1, 2019)564.1 M
Thales EBIT (H1, 2019)498.2 M
Thales Cash, 30-Jun-20192.5 B
Thales EV23.4 B

Thales Revenue

Thales revenue was €15.85 b in FY, 2018 which is a 0.4% year over year increase from the previous period.

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Thales Revenue Breakdown

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Thales revenue breakdown by business segment: 50.6% from Defence and Security, 36.5% from Aerospace, 12.6% from Transport and 0.3% from Other

Thales revenue breakdown by geographic segment: 39.9% from Europe, 6.2% from North America, 50.0% from Emerging markets and 3.9% from Other

Thales Income Statement

Annual

EURFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

13.0b14.1b14.9b15.8b15.9b

Revenue growth, %

8%6%6%0%

Cost of goods sold

9.8b10.7b11.3b12.0b11.8b

Gross profit

3.2b3.4b3.6b3.8b4.1b

Gross profit Margin, %

25%24%24%24%26%

Sales and marketing expense

914.4m980.9m1.0b1.0b1.1b

R&D expense

641.4m692.0m736.1m802.2m881.4m

General and administrative expense

519.3m531.8m543.5m549.5m554.3m

Operating expense total

2.3b2.4b2.5b2.6b2.7b

Depreciation and amortization

103.7m111.6m107.3m113.0m102.8m

EBIT

888.6m964.5m1.1b1.3b1.4b

EBIT margin, %

7%7%7%8%9%

Interest expense

20.2m15.5m11.3m16.3m26.5m

Interest income

22.4m19.3m17.6m21.3m19.6m

Income tax expense

214.3m219.9m255.6m264.2m314.2m

Net Income

761.7m812.7m1.0b887.1m1.0b

Half Year

EURH1, 2015H1, 2016H1, 2017H1, 2018H1, 2019

Revenue

6.3b6.8b7.2b7.5b8.2b

Cost of goods sold

4.8b5.2b5.5b5.5b6.1b

Gross profit

1.5b1.6b1.7b1.9b2.1b

Gross profit Margin, %

24%24%24%26%26%

Sales and marketing expense

494.6m528.2m523.2m542.8m639.2m

R&D expense

310.4m326.7m362.7m407.0m476.6m

General and administrative expense

259.0m270.0m277.8m276.7m305.8m

Operating expense total

1.3b1.2b1.3b1.3b1.6b

Depreciation and amortization

52.8m39.7m54.4m50.9m128.0m

EBIT

360.3m435.1m498.4m603.9m498.2m

EBIT margin, %

6%6%7%8%6%

Interest expense

8.7m6.5m7.4m11.6m26.0m

Interest income

13.7m7.7m9.0m8.5m10.5m

Income tax expense

87.9m80.4m103.6m140.4m122.6m

Net Income

282.3m409.6m357.9m474.9m564.1m

Thales Balance Sheet

Annual

EURFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

2.5b3.5b3.6b4.3b5.6b

Accounts Receivable

4.1b4.4b4.5b4.4b3.2b

Inventories

2.4b2.6b2.7b2.8b2.9b

Current Assets

11.6b13.1b14.1b14.8b17.0b

PP&E

1.6b1.7b1.8b1.8b1.8b

Goodwill

3.2b3.2b3.4b3.4b3.4b

Total Assets

20.0b21.6b22.7b23.3b25.5b

Accounts Payable

5.3b5.5b5.9b6.3b6.1b

Short-term debt

108.2m698.7m111.4m707.3m321.2m

Current Liabilities

11.6b13.2b13.3b13.9b14.6b

Long-term debt

1.5b837.6m1.4b953.5m2.4b

Non-Current Liabilities

4.3b3.4b4.5b3.9b5.0b

Total Debt

1.6b1.5b1.5b1.7b2.7b

Total Equity

4.1b4.9b4.9b2.3b5.9b

EPS

3.53.64.43.94.6

Debt to Equity Ratio

0.4 x0.3 x0.3 x0.7 x0.5 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x0.1 x0.1 x

Financial Leverage

4.9 x4.4 x4.7 x10 x4.3 x

Half Year

EURH1, 2015H1, 2016H1, 2017H1, 2018H1, 2019

Cash

2.1b3.5b3.6b4.7b2.5b

Inventories

2.6b2.7b3.0b3.3b3.3b

Current Assets

11.7b13.7b14.4b16.1b16.1b

PP&E

1.6b1.7b1.8b1.8b1.8b

Goodwill

3.2b3.6b3.4b3.5b3.5b

Total Assets

20.1b22.3b22.8b24.6b24.6b

Short-term debt

77.3m701.9m628.0m291.2m2.8b

Current Liabilities

11.6b13.3b13.8b14.2b17.5b

Long-term debt

1.4b1.4b922.0m2.4b4.2b

Non-Current Liabilities

4.0b4.3b4.0b5.1b7.9b

Total Debt

1.5b2.1b1.6b2.7b7.0b

Total Equity

4.4b4.6b5.0b5.4b5.4b

EPS

1.31.81.62.12.6

Debt to Equity Ratio

0.3 x0.5 x0.3 x0.5 x1.3 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x0.1 x0.3 x

Financial Leverage

4.5 x4.8 x4.6 x4.6 x4.5 x

Thales Cash Flow

Annual

EURFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

761.7m812.7m1.0b887.1m1.0b

Depreciation and Amortization

449.6m492.9m491.9m504.1m102.8m

Cash From Operating Activities

875.2m1.5b1.3b1.7b1.1b

Cash From Investing Activities

(642.6m)(383.2m)(828.4m)(607.7m)(348.8m)

Cash From Financing Activities

(343.6m)(122.0m)(342.8m)(381.2m)617.2m

Net Change in Cash

(82.3m)968.8m166.7m665.8m1.4b

Interest Paid

31.4m25.3m21.1m14.0m23.3m

Income Taxes Paid

98.4m102.3m99.4m90.6m91.1m

Free Cash Flow

402.6m994.3m857.6m1.3b712.4m

Half Year

EURH1, 2015H1, 2016H1, 2017H1, 2018H1, 2019

Net Income

282.3m409.6m357.9m474.9m564.1m

Depreciation and Amortization

236.7m228.2m242.2m234.5m444.2m

Cash From Operating Activities

(151.5m)226.0m365.8m165.4m(205.1m)

Cash From Investing Activities

(198.8m)(509.1m)(150.2m)(191.9m)(4.1b)

Cash From Financing Activities

(93.6m)351.8m(228.0m)746.9m1.2b

Net Change in Cash

(428.3m)73.6m(52.0m)384.1m(3.1b)

Interest Paid

12.3m11.0m12.6m27.7m33.6m

Income Taxes Paid

42.0m39.2m45.8m32.8m64.1m

Free Cash Flow

(353.3m)(4.2m)176.3m9.0m(380.6m)

Thales Ratios

EURY, 2019

EV/EBIT

46.9 x

EV/CFO

-114 x

EV/FCF

-61.4 x

Debt/Equity

1.3 x

Debt/Assets

0.3 x

Financial Leverage

4.5 x

P/E Ratio

34.3

Thales Employee Rating

3.51870 votes
Culture & Values
3.6
Work/Life Balance
3.8
Senior Management
3.3
Salary & Benefits
3.8
Career Opportunities
3.5
Source