Thales S.A. (HO.PA) stock analysis

In our weekly check, Thales S.A. is graded A (A to F). Of 25 checks on debt, profit, cash flow and trend: 21 pass, warnings: 4, red flags: 0.

About Thales S.A.

Thales S.A. is an Industrials company (Aerospace & Defense) based in France, listed on PAR as HO.PA.

What our checks show for HO.PA

Warning signs

• The net margin is only 7.6%: little room if costs rise.
• The stock has fallen as much as 55% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 2.1 years.
• Thinly traded (about 239 thousand shares a day): buying and selling can move the price.

Strengths

• Operating profit covers interest 10.7 times over.
• The net margin rose by 0.8 points over 5 years, to 7.6%.
• The gross margin is 26.4% and has risen by 1.5 points: pricing power is holding.
• Operating cash flow is 1.98x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 19.4% a year over the next years.
• Analysts expect the net margin to improve by 2.6 points from today's 7.6%.

Similar companies

LHX · RHM.DE · HEI-A · BA.L · TDG

Questions

What grade does Thales S.A. (HO.PA) have?

In our weekly check, Thales S.A. is graded A (A to F). Of 25 checks on debt, profit, cash flow and trend: 21 pass, warnings: 4, red flags: 0. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of HO.PA stock?

This week's biggest flags for Thales S.A.: Thin margins, Deep past fall, Slow recovery after falls. In total 4 of 25 checks show a warning or a red flag.

What does Thales S.A. do?

Thales S.A. is an Industrials company (Aerospace & Defense) based in France, listed on PAR as HO.PA.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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