Thales Shares Decline by 2.5% Approaching the Support at €219.40
In early afternoon trading on the Paris stock exchange, the defense electronics group's stock is losing ground, despite an overall upward trend in the CAC 40. The stock is among the index's largest declines, continuing the slide seen since the start of the month.
A Notable Decline Isolating the Stock in a CAC 40 on Positive Territory
Thales shares are down 2.37% at €222.60 in early afternoon, while the CAC 40 is up 0.29% at 8,364.61 points. The stock is among the largest declines of the Parisian index, moving counter to the defensive stocks that are boosting the market (L'Oréal, Air Liquide, Pernod Ricard, Danone). Over three months, the stock has fallen nearly 7%, and its decline reaches 9.73% over a year. The session is set against a paradoxical geopolitical backdrop for defense stocks: Washington has denied Iran's claim of closing the Strait of Hormuz, which contributed to the decline in Brent crude and a certain easing of risk premium on the markets. Flows seem to be reorienting towards sectors considered more predictable, at the expense of defense stocks that had benefited from previous tensions.
The Stock Breaks Through Its Three Moving Averages and Approaches the Support at €219.40
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Today's decline worsens an already deteriorated technical configuration. The price is now 3.94% below its 20-day moving average (€231.73), 5.22% below the MM50 (€234.86) and 9.12% below the MM200 (€244.94), an alignment indicating a worsening trend at all scales. The RSI at 43 remains in the neutral zone, without any oversold signal that could suggest a potential technical rebound. The breach of MM20 and MM50, already documented on June 22 through a previous session of decline, thus continues, with the price now approaching the support at €219.40. Below this level, the path would open towards the lows of the spring. To watch: this threshold constitutes the next technical level observable in the figures.
Net income: 2 005 millions d'euros (Résultat Net Ajusté, part du Groupe)
Free cash flow: 2 577 millions d'euros
-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.
