AM Stock Analysis: Dassault Aviation | PA
Aerospace & Defense | PA, France | Market Cap: 23.469m EUR | 12M Return: 15.1% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 14.1M
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Dassault Aviation SA (PA: AM) is a French aerospace company that designs and manufactures military aircraft, business jets, and space systems. Founded in 1916 and headquartered in Saint-Cloud, France, the company operates globally and is controlled by Groupe Industriel Marcel Dassault S.A. as a subsidiary.
Its defense portfolio centers on the Rafale twin-jet multirole fighter (operable from both carrier and land bases), the nEUROn unmanned combat air vehicle demonstrator, and the Multi-Role Falcon series for government and military missions. The civil business is built around the Falcon family of business jets, including the Falcon 10X, 8X, 6X, 900LX, and 2000XLS.
In space, Dassault has developed reusable orbital transport concepts such as VORTEX and the Intermediate eXperimental Vehicle (IXV). The company also generates recurring revenue from aftermarket services, including MRO for landing gear and flight controls, pilot and mechanic training, simulation tools, aerostructure assembly, and insurance and reinsurance brokerage.
Dassault is one of the few globally integrated prime contractors operating in both combat aviation and the business jet market, a dual exposure that distinguishes it from peers focused on a single segment within the Aerospace & Defense sector.
- Rafale export contracts expand backlog amid rising defense spending
- Falcon jet deliveries drive civil aviation revenue and margins
- European defense budget increases accelerate military aircraft demand
| Net Income: 1.00b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -0.27 > 1.0 |
| NWC/Revenue: 16.65% < 20% (prev 19.46%; Δ -2.81% < -1%) |
| CFO/TA 0.06 > 3% & CFO 1.85b > Net Income 1.00b |
| Net Debt (-802.0m) to EBITDA (970.2m): -0.83 < 3 |
| Current Ratio: 1.06 > 1.5 & < 3 |
| Outstanding Shares: last quarter (78.0m) vs 12m ago -1.97% < -2% |
| Gross Margin: 21.51% > 18% (prev 52.28%; Δ -30.76% > 0.5%) |
| Asset Turnover: 28.16% > 50% (prev 22.55%; Δ 5.60% > 0%) |
| Interest Coverage Ratio: 102.7 > 6 (EBIT TTM 764.1m / Interest Expense TTM 7.44m) |
| A: 0.04 (Total Current Assets 27.5b - Total Current Liabilities 26.1b) / Total Assets 32.9b |
| B: 0.21 (Retained Earnings 6.92b / Total Assets 32.9b) |
| C: 0.02 (EBIT TTM 764.1m / Avg Total Assets 31.0b) |
| D: 0.25 (Book Value of Equity 6.66b / Total Liabilities 26.2b) |
| Altman-Z'' = 1.41 = BB |
| DSRI: 0.79 (Receivables 1.97b/1.87b, Revenue 8.73b/6.57b) |
| GMI: 2.43 (GM 52.28% / 21.51%) |
| AQI: 0.92 (AQ_t 0.12 / AQ_t-1 0.12) |
| SGI: 1.33 (Revenue 8.73b / 6.57b) |
| TATA: -0.03 (NI 1.00b - CFO 1.85b) / TA 32.9b) |
| Beneish M = -1.71 (Cap -4..+1) = CCC |
As of July 28, 2026, the stock is trading at EUR 304.80 with a total of 83,550 shares traded. Over the past week, the price has changed by +8.09%, over one month by +7.48%, over three months by +6.24% and over the past year by +15.08%.
Current recommended Stop Loss: 293.80 (which is 3.6% or 1.2 ATR below the current price).
Dassault Aviation has no consensus analysts rating.
P/E Trailing = 23.6124
P/E Forward = 18.3486
P/S = 2.6385
P/B = 3.3337
P/EG = 1.29
Revenue TTM = 8.73b EUR
EBIT TTM = 764.1m EUR
EBITDA TTM = 970.2m EUR
Long Term Debt = 16.3m EUR (from longTermDebt, last quarter)
Short Term Debt = 28.8m EUR (from shortTermDebt, last quarter)
Debt = 382.0m EUR (from shortLongTermDebtTotal, last quarter) + Leases 178.9m
Net Debt = -802.0m EUR (calculated: Debt 382.0m - CCE 1.18b)
Enterprise Value = 22.7b EUR (23.5b + Debt 382.0m - CCE 1.18b)
Interest Coverage Ratio = 102.7 (Ebit TTM 764.1m / Interest Expense TTM 7.44m)
EV/FCF = 13.46x (Enterprise Value 22.7b / FCF TTM 1.68b)
FCF Yield = 7.43% (FCF TTM 1.68b / Enterprise Value 22.7b)
FCF Margin = 19.28% (FCF TTM 1.68b / Revenue TTM 8.73b)
Net Margin = 11.49% (Net Income TTM 1.00b / Revenue TTM 8.73b)
Gross Margin = 21.51% ((Revenue TTM 8.73b - Cost of Revenue TTM 6.85b) / Revenue TTM)
Gross Margin QoQ = none% (prev 8.80%)
Tobins Q-Ratio = 0.69 (Enterprise Value 22.7b / Total Assets 32.9b)
Interest Expense / Debt = 1.95% (Interest Expense 7.44m / Debt 382.0m)
Taxrate = 18.81% (226.5m / 1.20b)
NOPAT = 620.3m (EBIT 764.1m * (1 - 18.81%))
Current Ratio = 1.06 (Total Current Assets 27.5b / Total Current Liabilities 26.1b)
Debt / Equity = 0.06 (Debt 382.0m / totalStockholderEquity, last quarter 6.66b)
Debt / EBITDA = -0.83 (Net Debt -802.0m / EBITDA 970.2m)
Debt / FCF = -0.48 (Net Debt -802.0m / FCF TTM 1.68b)
Total Stockholder Equity = 6.27b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.24% (Net Income 1.00b / Total Assets 32.9b)
RoE = 15.99% (Net Income TTM 1.00b / Total Stockholder Equity 6.27b)
RoCE = 12.15% (EBIT 764.1m / Capital Employed (Equity 6.27b + L.T.Debt 16.3m))
RoIC = 9.64% (NOPAT 620.3m / Invested Capital 6.43b)
WACC = 4.85% (E(23.5b)/V(23.9b) * Re(4.90%) + D(382.0m)/V(23.9b) * Rd(1.95%) * (1-Tc(0.19)))
Discount Rate = 4.90% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -94.88 | Cagr: -3.30%
[DCF] Terminal Value 76.36% ; FCFF base≈1.64b ; Y1≈1.74b ; Y5≈2.08b
[DCF] Fair Price = 425.5 (EV 32.0b - Net Debt -802.0m = Equity 32.8b / Shares 77.0m; r=8.35% [WACC [floored]]; 5y FCF grow 7.39% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 99.06 | Revenue CAGR: 27.03% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=15.69 | Chg30d=-0.43% | Revisions=-38% | GrowthEPS=+15.3% | GrowthRev=+17.2%
EPS next Year (2027-12-31): EPS=18.64 | Chg30d=-0.20% | Revisions=-38% | GrowthEPS=+18.8% | GrowthRev=+12.2%
[Analyst] Revisions Ratio: -46% (up=2, down=8)