Safran SA SAFRY

IndustrialsAerospace & DefenseFrance

Last close 76.63 USD on Nov 1, 2026, −11.0% year to date

Quant rating

Quant rating D Rank 313 of 418 in Industrials

Growth C 227 of 418
Valuation C 245 of 418
Quality D 331 of 418
Revisions D 295 of 418
Momentum D 300 of 418

Wall Street consensus Strong Buy (1.50)Average target 118.41 USD +54.5%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 128.9B
Enterprise value: 128.1B
52-week range: 75.22 – 106.71
3-year range: 39.73 – 106.71
Dividend yield: 1.27%
Beta (5 years): 1.08
Shares outstanding: 418M
Next earnings: Oct 28, 2026

About the company

Safran SA is a France‑based company. The Company is a high‑technology group engaged in the research, design, development, testing, manufacturing, sales, maintenance, and support of advanced aerospace and defence systems. It operates through three main segments: Aerospace Propulsion, which develops and produces propulsion and mechanical power transmission systems for commercial and military aircraft, helicopters, satellites, and drones, along with related MRO and spare‑parts services; Aircraft Equipment, which includes landing and braking systems, engine systems and equipment, electrical systems and engineering, aero systems, and electronics & defence; and Aircraft Interiors, which encompasses aircraft seating, cabin fittings, closets, in‑flight entertainment systems, and flight‑deck equipment.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	36,631	28,694	26,101	20,894	17,203	–
Revenue growth	27.7%	9.9%	24.9%	21.5%	−15.3%	12.5%
EPS (basic, normalized)	1.90	1.82	1.18	0.70	–	–
EPS growth	4.4%	54.9%	66.9%	–	–	–
Gross margin	46.9%	47.9%	46.8%	48.1%	48.3%	47.6%
Net margin	23.0%	−2.4%	14.6%	−12.6%	0.3%	4.6%
ROE	57.4%	−6.1%	31.3%	−21.2%	0.3%	12.4%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Current ratio	–
Long-term debt (mil)	–
Net debt (mil)	–
Total equity (mil)	–
Net debt / equity	–
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	36,631	+27.7%	3.5x	7,015	+26.8%	18.3x	1.90	+4.4%	40.3x
2026	41,521	+13.3%	3.1x	9,246	+31.8%	13.9x	2.90	+52.6%	26.4x
2027	46,044	+10.9%	2.8x	10,692	+15.6%	12.0x	3.51	+21.0%	21.8x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	41,521	−1.1%	−1.1%	−3.0%	2.90	+2.5%	+2.5%	0.0%
2027	46,044	+0.8%	+0.8%	−1.7%	3.51	+0.9%	+0.9%	−3.3%
2028	–	–	–	–	–	–	–	–

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Aerospace & Defense

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
SAFRY Safran SA	128.9B	–	23.0%	7.88x	26.4x	21.8x	13.9x	12.0x
EADSY Airbus SE	170.4B	–	–	–	26.2x	23.0x	–	–
RR Rolls-Royce Holdings PLC	137.1B	–	27.5%	36.20x	28.4x	24.5x	17.7x	16.1x
BAES BAE Systems PLC	83.0B	–	7.3%	5.03x	24.4x	21.4x	14.4x	13.1x
RHMG Rheinmetall AG	54.2B	1.67x	10.4%	9.74x	27.9x	19.9x	16.6x	11.8x
TCFP Thales SA	54.3B	–	7.6%	6.05x	21.9x	19.2x	13.0x	11.6x
Mean		1.67x	15.2%	12.98x	25.9x	21.6x	15.1x	12.9x
Median		1.67x	10.4%	7.88x	26.3x	21.6x	14.4x	12.0x

Technical analysis

1M−19.4%
3M−21.4%
1Y−12.4%
3Y+104.8%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Safran SA, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	36,631	28,694	26,101	20,894	17,203	20,311
Cost of revenue	19,444	14,955	13,896	10,850	8,897	10,975
Gross profit	17,188	13,740	12,205	10,044	8,307	9,337
Selling, general & administrative expenses	10,737	8,443	7,850	6,543	5,914	6,650
Research & development	–	–	–	–	–	–
Depreciation/amortization	1,736	1,456	1,474	1,467	1,569	1,767
Interest expense (income), operating	−236	−141	−109	−78.1	−45.5	−58.6
Unusual expense (income)	499	−42.4	624	764	374	658
Other operating expenses	−608	−316	−722	−839	−487	−812
Operating income	5,060	4,340	3,088	2,186	982	1,132
Net interest income (expense)	6,994	−5,185	2,172	−5,473	−658	−398
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	7.0	−44.5	−11.0	−52.4	−19.3	−37.9
Net income before taxes	12,061	−889	5,249	−3,339	305	696
Provision for taxes	3,504	−294	1,364	−743	227	225
Minority interest	−128	−95.2	−83.9	−35.3	−28.4	−41.5
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	8,429	−691	3,801	−2,632	48.9	430
Extraordinary items	–	–	–	–	–	–
Net income	8,429	−691	3,801	−2,632	48.9	430
EBIT, normalized	5,323	4,157	3,602	2,872	1,311	1,732
EBITDA, normalized	7,059	5,612	5,077	4,340	2,880	3,499
Basic EPS, normalized	1.90	1.82	1.18	0.70	–	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Safran SA, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	8,109	6,853	7,886	7,415	6,083	4,730
Receivables	21,005	14,056	13,032	10,823	10,012	9,593
Total inventory	12,080	9,826	8,722	6,858	5,756	6,339
Prepaid expenses	–	–	206	140	119	110
Other current assets	3,464	1,901	2,571	1,289	1,429	1,441
Total current assets	44,657	32,636	32,418	26,525	23,399	22,213
Property, plant & equipment	7,346	5,468	5,190	4,723	5,164	5,713
Goodwill	6,780	5,111	5,194	5,345	5,761	6,180
Intangibles	8,791	8,228	8,641	8,664	9,529	10,596
Long-term investments	2,675	2,369	2,550	2,448	2,542	2,926
Note receivable	918	703	457	470	479	199
Other long-term assets	1,432	2,439	1,246	1,941	549	454
Total assets	72,600	56,954	55,696	50,116	47,423	48,282
Liabilities
Accounts payable	–	–	6,094	4,580	3,733	3,306
Payable/accrued	15,790	10,148	–	–	–	–
Accrued expenses	1.2	5.2	2,210	1,600	1,364	1,451
Short-term debt	1,500	585	648	669	875	1,878
Current portion of long-term debt	1,559	433	1,117	689	1,070	1,174
Other current liabilities	29,635	27,591	23,907	21,866	15,498	15,427
Total current liabilities	48,484	38,762	33,976	29,405	22,541	23,236
Long-term debt	3,196	4,219	5,499	6,079	6,163	5,506
Minority interest	731	568	564	487	488	490
Other liabilities	2,761	2,870	2,880	3,003	3,634	3,919
Total liabilities	55,172	46,419	42,920	38,974	32,825	33,151
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	98.7	88.0	93.8	91.0	96.6	104
Additional paid-in capital	2,991	4,077	5,174	5,017	5,329	5,725
Retained earnings (accumulated deficit)	14,815	6,952	9,313	5,849	9,299	10,252
Treasury stock	−332	−1,196	−2,039	−332	−56.8	−44.0
Other equity	−144	614	235	517	−70.5	−906
Total equity	17,428	10,535	12,776	11,142	14,598	15,131
Total liabilities & shareholders' equity	72,600	56,954	55,696	50,116	47,423	48,282

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Safran SA, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	8,429	−691	3,801	−2,632	48.9	430
Depreciation, depletion & amortization	1,736	1,456	1,474	1,469	1,569	1,767
Deferred taxes	–	–	–	–	–	–
Non-cash items	−2,399	5,096	−309	4,176	867	91.6
Changes in working capital	−1,046	−961	−254	780	284	−9.8
Cash from operations	6,719	4,900	4,712	3,794	2,769	2,279
Investing activities
Capital expenditures	−1,863	−1,420	−1,265	−836	−799	−899
Other investing cash flows	−2,112	−493	−616	−543	−39.8	−76.9
Cash from investing	−3,974	−1,913	−1,881	−1,378	−839	−976
Financing activities
Financing cash flow items	−78.7	−82.8	−26.5	−31.0	−19.3	−17.1
Cash dividends paid	−1,428	−943	−622	−228	−208	0
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−848	−2,156	−2,194	−613	−77.3	100
Cash from financing	−2,355	−3,181	−2,843	−872	−305	83.0
Foreign exchange effects	−66.9	26.9	−1.1	−2.1	79.6	−24.4
Net change in cash	323	−168	−12.1	1,541	1,705	1,362
Free cash flow	4,857	3,480	3,448	2,958	1,970	1,380

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.