Thales
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Thales Financial Snapshot
Operating Performance
Fast Facts
45, rue de Villiers, Neuilly-sur-Seine, The company reported revenues of US$17,499.73
Headquarters Address
92200,France million during 2010, with a CARC of 8.07% during
2006–2010. Its revenue declined at an annual rate of
Telephone + 33 1 57778000
2.19% over the previous fiscal year. In 2010, the
company recorded an operating margin of -1.56%, as
Fax + 33 1 57778659 against -1.62% in 2009.
Website www.thalesgroup.com
Revenue and Margins
Ticker Symbol, Stock Exchange HO, Euronext Paris
Number of Employees 63,734
Fiscal Year End December
Revenue (in US$ million) 17,499.73
Revenue (in EUR million) 13,124.80
SWOT Analysis Return on Equity
Strengths Weaknesses The company recorded a return on equity (ROE) of -
2.93% for 2010, as compared to its peers, The Boeing
Global Operations High Debt to Equity Ratio Company (Ticker: BA), BAE Systems plc (Ticker: BA.)
and EADS N.V. (Ticker: EAD), which recorded ROEs
of 119.56%, 19.73% and 6.25% respectively. The
Inorganic Growth Program Overruns company reported an operating margin of -1.56% in
2010.
Strong Innovations Weak Operational Performance
Return on Equity
Strong Order Backlogs
Opportunities Threats
Expansion of Operations Political Influence
Growing Global Defense Market Regulatory Environment
Outlook for C2/C4ISR Systems Threat from Substitutes
Strategic Initiatives
Liquidity Position
The company reported a current ratio of 0.92 in 2010,
as compared to its peers, The Boeing Company, BAE
Systems plc and EADS N.V., which recorded current
ratios of 1.15, 0.65 and 0.96 respectively. As of
December 2010, the company recorded cash and
short-term investments of worth US$3,677.87 million,
against US$1,298.13 million current debt. The
company reported a debt to equity ratio of 0.73 in
2010 as compared to its peers, The Boeing Company,
BAE Systems plc and EADS N.V., which recorded
debt to equity ratios of 4.49, 0.57 and 0.48
respectively.
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Thales - SWOT Profile Page 1
Thales
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TABLE OF CONTENTS
1 Business Analysis ................................................................................................................................... 5
1.1 Company Overview .................................................................................................................................................5
1.2 Business Description ...............................................................................................................................................5
1.3 Major Products and Services ...................................................................................................................................6
2 Analysis of Key Performance Indicators ............................................................................................... 7
2.1 Five Year Snapshot: Overview of Financial and Operational Performance Indicators ...........................................7
2.2 Key Financial Performance Indicators ...................................................................................................................10
2.2.1 Revenue and Operating Profit .......................................................................................................................10
2.2.2 Asset, Liabilities and Capex ..........................................................................................................................11
2.2.3 Operational Efficiency ....................................................................................................................................12
2.2.4 Solvency ........................................................................................................................................................13
2.3 Competitive Benchmarking ....................................................................................................................................14
2.3.1 Efficiency .......................................................................................................................................................14
2.3.2 Capital Expenditure .......................................................................................................................................15
2.3.3 Turnover – Inventory and Asset ....................................................................................................................16
2.3.4 Liquidity ..........................................................................................................................................................17
3 Mergers & Acquisitions and Partnerships ........................................................................................... 18
3.1 M&A and Partnerships Strategy ............................................................................................................................18
4 Recent Developments ........................................................................................................................... 21
5 SWOT Analysis ...................................................................................................................................... 23
5.1 SWOT Analysis - Overview ...................................................................................................................................23
5.2 Strengths ...............................................................................................................................................................23
5.3 Weaknesses ..........................................................................................................................................................24
5.4 Opportunities .........................................................................................................................................................24
5.5 Threats ...................................................................................................................................................................25
6 Thales - Company Statement ....................................................................