Dassault Aviation SA (FR:AM)
:AM
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Dassault Aviation
(AM)
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Rating:70Outperform
Price Target:
€367.00
▲(12.51% Upside)
Action:ReiteratedDate:03/07/26
The score is driven primarily by strong financial performance, especially the low-leverage balance sheet and solid profitability, tempered by revenue/margin variability and historically volatile cash flows. Technicals are mixed with short-term weakness despite longer-term trend support, while valuation appears moderate with a modest dividend yield.
Positive Factors
Conservative balance sheet
Very low leverage and steady equity growth provide durable financial flexibility: the company can fund program development, absorb delivery timing shocks, and pursue strategic investments or MRO expansion without relying on heavy external borrowing, supporting resilience across cycles.
Negative Factors
Revenue and margin volatility
Large year-to-year swings in top-line and gross margins point to program mix, pricing, or accounting effects that reduce earnings predictability. Persistent margin volatility complicates planning, weakens forecasting reliability, and can pressure returns if adverse program outcomes recur.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage and steady equity growth provide durable financial flexibility: the company can fund program development, absorb delivery timing shocks, and pursue strategic investments or MRO expansion without relying on heavy external borrowing, supporting resilience across cycles.
Read all positive factors
Dassault Aviation (AM) vs. iShares MSCI France ETF (EWQ)
Market Cap
€25.64B
Dividend Yield1.74%
Average Volume (3M)60.40K
Price to Earnings (P/E)21.9
Beta (1Y)0.69
Revenue Growth29.91%
EPS Growth-2.24%
CountryFR
Employees14,589
SectorGeneral
Sector StrengthN/A
IndustryAerospace & Defense
Share Statistics
EPS (TTM)8.66
Shares Outstanding77,712,746
10 Day Avg. Volume44,253
30 Day Avg. Volume60,404
Financial Highlights & Ratios
PEG Ratio3.48
Price to Book (P/B)3.21
Price to Sales (P/S)2.88
P/FCF Ratio12.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€361.00Price Target Upside10.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)15.81
Revenue Forecast (FY)€8.71B
Dassault Aviation Business Overview & Revenue Model
Company Description
Dassault Aviation Société anonyme designs and builds military aircraft, business jets, and space systems in France, the Americas, and internationally. It offers Rafale, a multirole fighter aircraft; nEUROn, an unmanned combat air vehicle; and Falc...
How the Company Makes Money
Dassault Aviation generates revenue through multiple streams, including the sale of military aircraft and business jets, maintenance, repair, and overhaul (MRO) services, and the provision of spare parts. The military segment is bolstered by contr...
Dassault Aviation Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
90
Very Positive
Cash Flow
68
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.43B | 6.24B | 4.80B | 6.95B | 7.25B |
| Gross Profit | 574.44M | 2.36B | 1.80B | 601.05M | 956.24M |
| EBITDA | 799.56M | 666.33M | 1.01B | 773.54M | 691.13M |
| Net Income | 977.25M | 923.82M | 693.40M | 716.23M | 605.39M |
Balance Sheet | |||||
| Total Assets | 32.89B | 29.11B | 23.49B | 22.54B | 16.22B |
| Cash, Cash Equivalents and Short-Term Investments | 9.44B | 8.49B | 7.37B | 9.63B | 4.98B |
| Total Debt | 203.05M | 237.76M | 262.44M | 233.65M | 226.35M |
| Total Liabilities | 26.23B | 22.78B | 17.75B | 16.53B | 10.92B |
| Stockholders Equity | 6.66B | 6.33B | 5.74B | 6.01B | 5.30B |
Cash Flow | |||||
| Free Cash Flow | 1.68B | 1.54B | -1.02B | 4.93B | 1.49B |
| Operating Cash Flow | 1.85B | 1.88B | -672.61M | 5.11B | 1.66B |
| Investing Cash Flow | -840.78M | -1.26B | -877.83M | -4.89B | -213.64M |
| Financing Cash Flow | -613.88M | -479.65M | -964.51M | -299.36M | -159.54M |
Dassault Aviation Technical Analysis
Negative
326.20
Price Trends
333.47
Negative
312.25
Positive
295.87
Positive
Market Momentum
-0.92
Negative
47.03
Neutral
41.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:AM, the sentiment is Negative. The current price of 326.2 is below the 20-day moving average (MA) of 328.15, below the 50-day MA of 333.47, and above the 200-day MA of 295.87, indicating a neutral trend. The MACD of -0.92 indicates Negative momentum. The RSI at 47.03 is Neutral, neither overbought nor oversold. The STOCH value of 41.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:AM.
Dassault Aviation Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | €128.74B | 17.32 | 51.15% | 0.97% | 14.19% | 161.87% | |
70 Outperform | €25.64B | 21.87 | 12.93% | 1.74% | 29.91% | -2.24% | |
70 Outperform | €55.33B | 28.20 | 22.17% | 1.66% | 11.16% | -50.57% | |
66 Neutral | €135.15B | 30.00 | 21.22% | 1.53% | 7.05% | 54.98% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | €426.90M | -9.57 | -12.90% | ― | 7.63% | 28.06% | |
43 Neutral | €193.38M | -1.98 | -22.05% | ― | 8.61% | -216.67% |
* General Sector Average
FR:AM
Dassault Aviation
326.20
27.22
9.10%
FR:AIR
Airbus Group SE
171.78
38.72
29.10%
FR:LAT
Latecoere
0.02
<0.01
7.14%
FR:SAF
SAFRAN SA
298.20
86.19
40.66%
FR:HO
Thales
267.40
18.33
7.36%
FR:FGA
Figeac Aero SA
9.95
1.65
19.88%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.