Thales Shares Drop 1.84% to €223.70, Breaking Key €230 Support
Thales shares fell 1.84% to €223.70 on Monday early afternoon, in a CAC 40 that dropped 1.14%. The defense electronics group is now trading below all its moving averages and is approaching the lower end of its Bollinger Bands. The general assembly is scheduled for tomorrow.
Thales shares fell 1.84% to €223.70 in the early afternoon, compared to a 1.14% drop in the CAC 40. Over the week, the stock has lost 4.36%, and its three-month performance stands at -11.41%. This movement extends the trajectory that began at the end of April. On May 8, the stock already recorded the steepest decline in the CAC 40 at €231.30, with the €230 support level then being mentioned. This threshold has since been breached, and the price is now trading six euros lower.
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The price is below the MM20 (€246.15, a gap of 9.12%), the MM50 (€249.16), and the MM200 (€245.08). This setup confirms the break of the €230 support identified last week. The RSI at 35 indicates the selling exhaustion of recent sessions, and the stock is positioned at the lower end of the Bollinger Bands, 13% from the lower boundary set at €215.64. The lower boundary has not yet been reached but now serves as a reference point in case the decline continues. The company's general assembly is convened tomorrow, Tuesday, May 12, 2026. This statutory event will be the next calendar appointment for Thales shareholders. Among the analyst opinions published in April, Barclays raised its target to €270, close to the technical resistance identified on the stock.
Net income: 2 005 millions d'euros (Résultat Net Ajusté, part du Groupe)
Free cash flow: 2 577 millions d'euros
Net debt: -1 618 millions d'euros
Dividend per share: 3,90 €
Payout ratio: 40 %
Guidance from the release
2025 a été une très bonne année avec des commandes records et une croissance du chiffre d’affaires, démontrant l’excellence opérationnelle du Groupe.
Communiqué indiquant des commandes records, un chiffre d’affaires en hausse et une rentabilité améliorée en 2025, avec des perspectives 2026 positives et un dividende soutenu.
Outlook / guidance
Expected revenue: Entre 23,3 et 23,6 milliards d'euros en 2026
Expected EBITDA: Non précisé publiquement
Expected net income: Non précisé publiquement
Management commentary: Pour 2026, Thales vise un book-to-bill supérieur à 1 et une croissance organique du chiffre d’affaires entre 6 % et 7 %, correspondant à un chiffre d’affaires entre 23,3 et 23,6 milliards d’euros, et une marge d’EBIT Ajusté entre 12,6 % et 12,8 %; le taux de conversion en cash devrait se situer entre 95 % et 100 %.
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