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

Thales market cap is €19 b, and annual revenue was €18.40 b in FY 2019

€19 B

HO.PA Mkt cap, 31-Oct-2017

€18.4 B

Thales Revenue FY, 2019
Thales Revenue growth (FY, 2018 - FY, 2019), %16%
Thales Gross profit (FY, 2019)4.5 B
Thales Gross profit margin (FY, 2019), %24.6%
Thales Net income (FY, 2019)1.1 B
Thales EBIT (FY, 2019)1.3 B
Thales Cash, 31-Dec-20192.9 B
Thales EV22.3 B

Thales Revenue

Thales revenue was €18.40 b in FY, 2019 which is a 16.1% 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: 13.9% from Digital I&S, 10.4% from Transport, 44.9% from Defence and Security, 30.4% from Aerospace and 0.4% from Other

Thales revenue breakdown by geographic segment: 30.1% from Emerging markets, 11.4% from North America, 53.2% from Europe and 5.2% from Australia and New Zealand

Thales Income Statement

Annual

EURFY, 2017FY, 2018FY, 2019

Revenue

15.8b15.9b18.4b

Revenue growth, %

6%0%16%

Cost of goods sold

12.0b11.8b13.9b

Gross profit

3.8b4.1b4.5b

Gross profit Margin, %

24%26%25%

Sales and marketing expense

1.0b1.1b1.4b

R&D expense

802.2m881.4m1.1b

General and administrative expense

549.5m554.3m636.7m

Operating expense total

2.6b2.7b3.2b

Depreciation and amortization

113.0m102.8m527.5m

EBIT

1.3b1.4b1.3b

EBIT margin, %

8%9%7%

Interest expense

16.3m26.5m62.9m

Interest income

21.3m19.6m43.3m

Pre tax profit

1.2b1.3b1.4b

Income tax expense

264.2m314.2m301.0m

Net Income

887.1m1.0b1.1b

Half Year

EURH1, 2017H1, 2018H1, 2019

Revenue

7.2b7.5b8.2b

Cost of goods sold

5.5b5.5b6.1b

Gross profit

1.7b1.9b2.1b

Gross profit Margin, %

24%26%26%

Sales and marketing expense

523.2m542.8m639.2m

R&D expense

362.7m407.0m476.6m

General and administrative expense

277.8m276.7m305.8m

Operating expense total

1.2b1.3b1.6b

Depreciation and amortization

54.4m50.9m128.0m

EBIT

498.4m603.9m498.2m

EBIT margin, %

7%8%6%

Interest expense

7.4m11.6m26.0m

Interest income

9.0m8.5m10.5m

Pre tax profit

461.5m615.3m686.7m

Income tax expense

103.6m140.4m122.6m

Net Income

357.9m474.9m564.1m

Thales Balance Sheet

Annual

EURFY, 2017FY, 2018FY, 2019

Cash

4.3b5.6b2.9b

Inventories

2.8b2.9b3.7b

Current Assets

14.8b17.0b15.9b

PP&E

1.8b1.8b2.2b

Goodwill

3.4b3.4b6.0b

Total Assets

23.3b25.5b31.2b

Short-term debt

707.3m321.2m2.7b

Current Liabilities

13.9b14.6b18.2b

Long-term debt

953.5m2.4b3.6b

Non-Current Liabilities

3.9b5.0b7.3b

Total Debt

1.7b2.7b6.3b

Common Stock

638.0m639.3m640.0m

Additional Paid-in Capital

4.1b4.1b4.1b

Retained Earnings

886.0m1.3b1.1b

Total Equity

5.6b5.9b5.7b

EPS

3.94.65.3

Debt to Equity Ratio

0.3 x0.5 x1.1 x

Debt to Assets Ratio

0.1 x0.1 x0.2 x

Financial Leverage

4.2 x4.3 x5.5 x

Half Year

EURH1, 2017H1, 2018H1, 2019

Cash

3.6b4.7b2.5b

Inventories

3.0b3.3b3.3b

Current Assets

14.4b16.1b16.1b

PP&E

1.8b1.8b1.8b

Goodwill

3.4b3.5b5.9b

Total Assets

22.8b24.6b30.9b

Short-term debt

628.0m291.2m2.8b

Current Liabilities

13.8b14.2b17.5b

Long-term debt

922.0m2.4b4.2b

Non-Current Liabilities

4.0b5.1b7.9b

Total Debt

1.6b2.7b7.0b

Common Stock

637.7m639.2m639.9m

Additional Paid-in Capital

4.1b4.1b4.1b

Retained Earnings

369.2m786.9m770.8m

Total Equity

5.0b5.4b5.4b

Debt to Equity Ratio

0.3 x0.5 x1.3 x

Debt to Assets Ratio

0.1 x0.1 x0.2 x

Financial Leverage

4.6 x4.6 x5.7 x

Thales Cash Flow

Annual

EURFY, 2017FY, 2018FY, 2019

Net Income

887.1m1.0b1.1b

Depreciation and Amortization

504.1m102.8m1.1b

Cash From Operating Activities

1.7b1.1b1.8b

Purchases of PP&E

(438.9m)(393.2m)(503.3m)

Cash From Investing Activities

(607.7m)(348.8m)(4.6b)

Long-term Borrowings

(32.9m)(525.0m)(732.6m)

Dividends Paid

(417.0m)(423.9m)(481.4m)

Cash From Financing Activities

(381.2m)617.2m128.3m

Net Change in Cash

665.8m1.4b(2.7b)

Interest Paid

14.0m23.3m53.5m

Income Taxes Paid

90.6m91.1m153.6m

Half Year

EURH1, 2017H1, 2018H1, 2019

Net Income

357.9m474.9m564.1m

Depreciation and Amortization

242.2m234.5m444.2m

Cash From Operating Activities

365.8m165.4m(205.1m)

Purchases of PP&E

(189.5m)(156.4m)(175.5m)

Cash From Investing Activities

(150.2m)(191.9m)(4.1b)

Long-term Borrowings

(800.0k)(510.1m)(596.0m)

Dividends Paid

(265.4m)(315.8m)(347.4m)

Cash From Financing Activities

(228.0m)746.9m1.2b

Net Change in Cash

(52.0m)384.1m(3.1b)

Interest Paid

12.6m27.7m33.6m

Income Taxes Paid

45.8m32.8m64.1m

Thales Ratios

EURY, 2019

EV/EBIT

17.4 x

EV/CFO

12.6 x

Revenue/Employee

222.8k

Debt/Equity

1.1 x

Debt/Assets

0.2 x

Financial Leverage

5.5 x

P/E Ratio

17.0

Thales Operating Metrics

FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019

Order Intake

€16.51 b€2.28 b€5.97 b€8.83 b€14.92 b€3.03 b€6.33 b€9.47 b€16.03 b€2.27 b€7 b€10.45 b€19.14 b

Order Intake (Aerospace)

€5.87 b€938 m€2.24 b€3.05 b€5.20 b€751 m€2.04 b€3.04 b€5.35 b€672 m€1.76 b€2.63 b€4.83 b

Order Intake (Transport)

€1.50 b€215 m€662 m€976 m€1.78 b€488 m€834.90 m€1.27 b€1.86 b€249 m€556.20 m€868 m€1.75 b

Order Intake (Defense & Security)

€9.05 b€1.11 b€3.04 b€4.77 b€7.88 b€1.78 b€3.43 b€5.13 b€8.78 b€1.34 b€3.81 b€5.27 b€9.91 b

Order Intake (France)

€3.51 b€571 m€1.81 b€2.90 b€4.50 b€433 m€1.46 b€2.61 b€5.18 b€481 m€2.08 b€2.96 b€5.37 b

Order Intake (United Kingdom)

€1 b€571 m€370 m€545 m€1.15 b€97 m€226 m€568 m€746 m€335 m€551 m€749 m€1.73 b

Order Intake (Rest of Europe)

€3.65 b€522 m€1.14 b€1.74 b€2.92 b€728 m€1.56 b€2.27 b€3.87 b€580 m€1.56 b€2.24 b€4.27 b

Order Intake (United States and Canada)

€1.22 b€264 m€697 m€912 m€1.58 b€278 m€532 m€1 b€1.50 b€234 m€821 m€1.35 b€2.04 b

Order Intake (Australia and New Zealand)

€763.70 m€197 m€38.10 m€472 m€670.80 m€961 m€1.24 b€1.35 b€1.49 b€89 m€274 m€466 m€850 m

Order Intake (Asia)

€3.71 b€412 m€689 m€1.18 b€2.10 b€180 m€716 m€971 m€1.76 b€395 m€1.05 b€1.47 b€2.45 b

Order Intake (Near and Middle East)

€763.70 m€140 m€551 m€696 m€1.21 b€304 m€457 m€571 m€952 m€82 m€359 m€598 m€1.29 b

Order Intake (Rest of the World)

€624.60 m€51 m€331 m€397 m€792.20 m€52 m€147 m€281 m€521 m€77 m€310 m€623 m€1.14 b

Order Book

€33.53 b€31.86 b€31.91 b€30.99 b€32.33 b€31.70 b€33.84 b

Order Book (Aerospace)

€9.91 b€9.14 b€8.85 b€7.62 b€7.98 b€7.62 b€7.31 b

Order Book (Transport)

€4.57 b€4.42 b€4.39 b€4.20 b€4.14 b€4.20 b€4.08 b

Order Book (Defense & Security)

€18.97 b€18.21 b€18.61 b€19.10 b€20.13 b€19.96 b€21.77 b

Book-to-bill Ratio

111%82%94%85%98%85%104%

Countries

56 56 56

Academic Partnerships

50

Countries (Commercial Radars)

70 70 70

Countries (Customers)

100

Countries (Military Radars)

45 45 45

Digital Factories

3

Innovation Hubs

6

Manufacturing Facilities (Bordeaux, France), square meters

59 k62 k60 k

Manufacturing Facilities (Brest, France), square meters

56 k56 k56 k

Manufacturing Facilities (Cannes, France), square meters

84 k84 k84 k

Manufacturing Facilities (Cholet, France), square meters

53 k53 k53 k

Manufacturing Facilities (Crawley, United Kingdom ), square meters

26.13 k26.13 k26.13 k

Manufacturing Facilities (Elancourt, France), square meters

104 k104 k104 k

Manufacturing Facilities (Gennevilliers, France), square meters

90 k90 k90 k

Manufacturing Facilities (Hengelo, Netherlands), square meters

87 k87 k87 k

Manufacturing Facilities (Irvine, United States), square meters

30.44 k30.44 k30.44 k

Manufacturing Facilities (Massy, France), square meters

26 k26 k26 k

Manufacturing Facilities (Rungis, France), square meters

23 k23 k23 k

Manufacturing Facilities (Stuttgart, Germany), square meters

59 k59 k59 k

Manufacturing Facilities (Sydney, Australia), square meters

84.33 k84.33 k84.33 k

Manufacturing Facilities (Toulouse, France), square meters

142 k142 k142 k

Manufacturing Facilities (Velizy, France), square meters

125 k125 k125 k

Order Book (Digital I&S)

€588.40 m

Order Book (Other)

€94 m

Order Intake (Digital I&S)

€1.62 b€2.57 b

Order Intake (Other)

€62 m€82.70 m

Patents Issued Yearly

300 300 330

Patents and Patent Applications

15 k15 k16 k

Radars

1.30 k1.30 k1.30 k

Thales Human Capital

Job Roles

FY, 2018
Male (Board), percent25 %
Female (Board), percent25 %
Male (New Hires), percent30 %
Female (New Hires), percent20 %

Thales Employee Rating

3.32204 votes
Culture & Values
3.6
Work/Life Balance
3.9
Senior Management
3.3
Salary & Benefits
3.7
Career Opportunities
3.5
Source