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Safran S.A.

Safran S.A.

SAF · EPA · Aerospace & Defence

Safran S.A. is a French aerospace, defence, and technology company with operations across aircraft propulsion, aircraft equipment, aircraft interiors, defence systems, and space technologies.

Current price

Live price unavailable

Share price

Sample series
▲ +2898.09 (+48.21%)2025-10-14 — 2026-10-15
€9,090.42€8,415.74€7,741.07€7,066.39€6,391.72€5,717.042025-10-142026-10-15

ET&A View

Last reviewed 16 September 2026

Buy

ET&A sees significant upside from the current price with an attractive risk/reward profile.

Fair Value
Members
12M Price Target
Members
Preferred Entry
Members
ET&A Score
8.7/ 10Strong overall

Safran is one of the highest-quality aerospace franchises globally, combining a leading position in commercial aircraft propulsion with substantial aerospace equipment, defence and aftermarket businesses.

Is it expensive?

Read our full view

Business Health

Is the business financially healthy?

Not enough data

There aren't enough published figures to rate this company's financial health yet.

  • Revenue

    Sales over the latest year

    Not rated yet
  • Earnings

    Profit over the latest year

    Not rated yet
  • Margins

    How much of each sale is kept as profit

    Not rated yet
  • Cash generation

    Spare cash after running and investing in the business

    Not rated yet
  • Balance sheet

    How much it owes against what it earns

    Not rated yet

Investor View

More on Safran S.A.

Open a section for the detail behind the quick view.

Our full viewET&A's complete thesis — why we hold the view we do.

Safran is one of the highest-quality aerospace franchises globally, combining a leading position in commercial aircraft propulsion with substantial aerospace equipment, defence and aftermarket businesses. H1 2026…

Insight

The complete ET&A view

See our full reasoning, what could drive the shares higher or go wrong, our Fair Value and Preferred Entry, and how our view has changed.

  • Our View in full
  • What could drive it higher / go wrong
  • Fair Value & Preferred Entry
  • How our view has changed
Explore Insight →Included with Insight
What could drive it higher — and what could go wrongThe catalysts and risks we are watching.
Valuation discussionWhere today's price sits, and how it compares with the company's own history and its peers.
Who it suitsStrategy suitability and investment style.

Long-term growth investors

Also suits: Investors who want a mix of growth and stability

Investment styleQualityGrowthET&A strategies: Balanced, Growth · what these mean
How it compares with peersOther companies we cover in Aerospace & Defence.
  • Rheinmetall AGRHM

    ET&A sees significant upside from the current price with an attractive risk/reward profile.

    BuyET&A Score 8.9Compare →
  • Dassault Aviation SAAM

    ET&A sees significant upside from the current price with an attractive risk/reward profile.

    BuyET&A Score 8.5Compare →
  • Embraer S.A.EMBJ

    ET&A sees significant upside from the current price with an attractive risk/reward profile.

    BuyET&A Score 8.5Compare →
  • General Electric CoGE

    ET&A likes the company but would prefer investors to build exposure gradually.

    AccumulateET&A Score 8.5Compare →

Compare Safran S.A. with any company → The model’s own peer calculations are in the Research View.

What the company doesThe full company profile.

Safran S.A. is a French aerospace, defence, and technology company with operations across aircraft propulsion, aircraft equipment, aircraft interiors, defence systems, and space technologies. The company supplies engines, landing gear, braking systems, nacelles, avionics, electrical systems, seats, cabin equipment, and mission-critical technologies to commercial aircraft manufacturers, airlines, defence customers, space operators, and governments.

Safran’s strength comes from its strategic position in the global aerospace supply chain, particularly through aircraft engines and high-value equipment used across commercial and military aviation. Its exposure to narrow-body aircraft engines, aftermarket services, defence systems, and next-generation propulsion gives it a strong role in aviation recovery, fleet modernisation, defence spending, and the push toward more efficient aircraft technology. This makes Safran one of Europe’s most important aerospace and defence companies.

Aerospace & Defence · France

Research ViewOpen the full researchFull financial statements, valuation multiples, historical data, forecasts, methodology, scoring calculations and the valuation model.

For detailed analysis. Each section opens on its own.

Financial statementsEvery published figure with its source, the market snapshot and connected sheets.

No financial figures have been published for this company yet.

Valuation multiplesP/E, forward P/E, EV/EBITDA, Price/Sales and FCF yield — today and at Fair Value.

Standard ways of comparing the share price with the company’s earnings, sales and cash. Tap the “i” for what each one means.

MeasureTodaySource
P/EMembers
Forward P/EMembers
EV/EBITDAMembers
Price/SalesMembers
FCF YieldMembers

Valuation ratios are part of ET&A membership.

Historical dataValuation history, how our view has changed, and the share-price history.

Share-price history

Use the 5Y and Max ranges on the price chart at the top of the page.

ForecastsWhat analysts expect — market consensus, not ET&A estimates.

No forecasts are available for this company.

MethodologyHow ET&A values a company and reaches a view.

How we value Safran S.A.

  1. 1. The right method for the business. Each business is valued on the method that suits its economics — earnings for most companies, book value and returns for banks and insurers, cash flows or dividends where earnings mislead.
  2. 2. What the business deserves. ET&A builds a fair multiple from the company's own quality, sustainable growth, earnings predictability and risk. History, peers and the market are checked against it, but they don't set it.
  3. 3. Fair Value. The earnings (or other basis) per share multiplied by that fair multiple, cross-checked against independent methods.
  4. 4. Preferred Entry. A price below Fair Value that leaves room for the return ET&A requires for the company's risk.
  5. 5. Is it expensive? Today’s price is placed on ET&A’s Valuation Attractiveness scale — the same measure the ET&A Score uses. Cheap is the Preferred Entry; above Fair Value the shares are Expensive, and Very Expensive once they are more than 25% above it.

How we reach a view

The ET&A View combines our assessment of the business with where today’s price sits against our Preferred Entry and Fair Value. It is a considered judgement, not a mechanical score.

  • Business quality
  • Financial performance
  • Growth outlook
  • Debt and financial strength
  • Valuation
  • Risk
  • What could drive it higher
Buy
ET&A sees significant upside from the current price with an attractive risk/reward profile.
Accumulate
ET&A likes the company but would prefer investors to build exposure gradually.
Hold
ET&A sees limited reason to buy aggressively or sell at the current price.
Reduce
ET&A believes the current valuation or risk profile makes a smaller position more appropriate.
Sell
ET&A believes the downside risk materially outweighs the potential return at the current price.

ET&A Score: ET&A's overall assessment of business quality, valuation, growth and risk, out of 10. It weighs business quality, financial strength, growth, valuation, risk, future prospects.

Powered by the ET&A Company Assessment FrameworkSee the full framework →

Scoring calculationsBehind the ET&A Score and the Business Health ratings.

Behind the ET&A Score

The automatic, rules-based scores that feed our research. The ET&A Score blends these with our own analysis of the business and its value. How the framework works →

ET&A Quant Score

There isn’t enough market or fundamental data to assess Safran S.A. quantitatively yet.

Business Health ratings

Each area is scored from 0 to 10 on ET&A’s methodology scales — the same ones our research uses — then given a word: Excellent from 8.5, Strong from 7, Good from 5.5, Average from 4.5, Below Average from 3, Weak below 3. The overall answer is the average of the areas we could rate (at least three); the dividend isn’t part of it.

AreaBased onScoreRating
RevenueNeeds revenue growth to rate.

Rated on the latest year's revenue growth, on ET&A's growth scale.

—Not rated
EarningsNeeds earnings growth to rate.

Rated on the latest year's earnings growth, on ET&A's growth scale.

—Not rated
MarginsNeeds operating or net margin to rate.

The average of operating and net margin, each scored on ET&A's margin scales. A negative margin scores 1 (Weak).

—Not rated
Cash generationNeeds free cash flow to rate.

Free cash flow as a share of sales, on ET&A's cash-generation scale.

—Not rated
Balance sheetNeeds net debt and EBITDA to rate.

Net debt ÷ EBITDA — roughly how many years of operating earnings would repay the debt — on ET&A's leverage scale.

—Not rated

ET&A's scales

Where each band starts on the scales above. They are fixed and identical for every company we cover; they come straight from ET&A’s methodology, so a company is judged the same way here as in our research.

MeasureExcellentStrongGoodAverageBelow AverageWeak
GrowthStructural Growth (Fundamental Conviction)18%+10%+5.0%+1.7%+−2.5%+below −2.5%
Operating marginCompetitive Position (Fundamental Conviction)29%+20%+13%+7.5%+0%+below 0% (loss)
Net marginEarnings Durability (Fundamental Conviction)23%+15%+9.8%+6.0%+0%+below 0% (loss)
Free-cash-flow marginCapital Allocation (Fundamental Conviction)15%+8.5%+3.8%+1.3%+−2.5%+below −2.5%
Net debt ÷ EBITDAStructural Risk (Fundamental Conviction)net cash≤ 1.5×≤ 2.8×≤ 3.6×≤ 5.0×above 5.0×
Return on equity (banks & insurers)Bank and insurer quality16%+12%+9.0%+6.7%+2.7%+below 2.7%
Equity ÷ assetsBank capital7.5%+6.0%+4.7%+4.0%+any—
Dividend yieldIncome factor (ET&A Quant Score)5.8%+4.0%+2.5%+1.8%+1.0%+below 1.0%

Band floors: Excellent 8.5 · Strong 7 · Good 5.5 · Average 4.5 · Below Average 3 (scores out of 10). Utilities and property companies’ structural debt is scored 6.5, as in ET&A’s risk model.

Valuation model outputsFair Value, the 12-Month Price Target, Preferred Entry and the expected return — and how each was calculated.
Peer calculationsThe comparable companies the valuation model used, with their multiples and returns.
Detailed assumptionsEvery input the valuation model used, with its source.
Research notesNo research notes published yet.

No research notes have been published for Safran S.A. yet.

Need deeper analysis on Safran S.A.? ET&A Professional includes full company notes, valuations and models — or commission bespoke research.

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