Thales shares saw a notable rise this Wednesday midday, climbing 2.09% to 254.10 euros, after closing at 248.90 euros the previous day. This increase occurs during a favorable session for the CAC 40, which is up 0.89%. Over three months, the defense electronics group's stock has accumulated a gain of 11.69%.
Trading at 254.10 euros, Thales is nearing its 50-day moving average, located at 255.15 euros, a technical threshold that has acted as a ceiling in recent weeks. Closing above this level could signal a bullish trend for traders. The stock remains comfortably above its 200-day moving average (244.96 euros), indicating a still favorable underlying trend despite recent fluctuations. The RSI, an indicator measuring the relative strength of the movement, stands at 46, a neutral zone that leaves room for an upward movement before entering overbought territory. Should the rebound continue, the next significant technical resistance is identified at 264.40 euros.
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Thales' progress occurs in the context of a generalized rebound across European markets. The SBF 120, an index that includes the group, is up 0.93% during the session. Other European-listed technology and industrial stocks are also posting notable gains: Schneider Electric is up 3.51% and ASML has advanced 1.63%. However, this bullish movement unfolds in an environment of persistent market tension, with the VIX — the S&P 500 volatility index — remaining high at 27.19, a level indicating higher-than-normal market nervousness. Thales' particularly low beta of 0.12 suggests that the stock has very low sensitivity to general market movements, which may explain its unique trajectory during periods of uncertainty. The group's general meeting, scheduled for May 12, will be the next key event on the financial calendar for shareholders.
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 %.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
