Thales : A fair valuation that reflects the risks weighing on growth
>Bottlenecks cap growth in 2023… as expected - Supply chain issues – which the management sees persisting throughout the year – and hiring difficulties (even though the company expresses a certain optimism regarding its ability to hire 12,000 people), as well as the macroeconomic environment will curb growth potential in 2023. These elements materialise notably in D&S and DIS. We nevertheless expect organic growth of 6.9%, at the upper end of the guidance range (of 4%...Thales is an electronics and systems group, serving defense, aeronautics, transport, space and security markets. Co.'s operations can be divided into four operating segments: Aerospace (Avionics, Space), Transportation (Ground Transport Systems), Defence & Security (Secure Communications & Information Systems Land and Air Systems, Defence Mission Systems), and DCNS. Co. designs and delivers systems for all four environments: air, land, sea and space. These systems detect and assess threats, manage information, support command decisions and control engagements through to threat neutralization. Co. is active in ground transportation; air transport; navigation systems.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.