Dassault Aviation Stock (AM): Live Price and Key Data
Dassault Aviation stock trades on Euronext Paris under the ticker AM (AM.PA, ISIN code FR0014004L86). The share price currently stands at €, with a move of % over the session. Over the past twelve months, the stock has traded between € and €, with daily volumes of around shares. thus carries a market capitalization of several tens of billions of euros and ranks among the large caps of the Paris market.
The stock trades continuously from 9 a.m. to 5:30 p.m. Paris time and is quoted in euros, with no significant liquidity barrier for a private investor: the order book is driven by French and international institutions as well as by a free float of roughly one-third of the capital, the remainder being held on a stable basis by the founding family and Airbus, as detailed below.
The Dassault Aviation share price shown on a continuous basis corresponds to the last trade executed on Euronext: it moves with the flow of orders, with wider spreads at the open, when the session digests the night’s news, and around earnings releases.
Three reference points are enough to size up the stock: the day’s move, useful for traders; the twelve-month performance, which puts the session into a broader trend; and the gap to the yearly high, an indicator of buying or selling pressure. Large institutional orders can sometimes turn a quiet order book into a choppy session within minutes — the visible translation of the scarce free float described further on.
Dassault Aviation at a Glance: A Century of French Aerospace
Heir to a century of French aerospace — Marcel Dassault’s industrial adventure, born Marcel Bloch, began during the First World War — Dassault Aviation is one of the last great independent aircraft makers in Europe.
The group designs and builds two complementary aircraft families: the Rafale, an omnirole combat aircraft sold to France and to export customers, and the Falcon range, business jets among the most widely operated in the world, from the Falcon 2000LX to the ultra-long-range Falcon 8X and the recently introduced Falcon 6X, while the Falcon 10X, the largest of the family, is under development.
This duality — defence and business aviation — shapes the group’s results: weapons orders spread over long years with deposits paid as soon as contracts are signed, while the business jet market tracks global economic cycles, with a strong sensitivity to US gross domestic product and interest-rate movements. Added to this is a third leg, quieter but precious for an investor: support for in-service fleets.
Spare parts, maintenance, training and upgrades generate recurring revenue throughout the life of the aircraft — several decades for a Falcon as for a Rafale — cushioning the shocks of new-aircraft sales cycles.
Based in Paris, the company relies on a French industrial network — Bordeaux-Mérignac for final Falcon assembly, Martignas, Argonay, Seclin and Biarritz for sub-assemblies — and employs more than 10,000 people, most of them in France.
Four drivers explain most of the stock’s movements. The first is Rafale orders: every export signature is a landmark event. Egypt and Qatar in 2015, India in 2016, Greece, the Emirate of Abu Dhabi with the largest export order in the history of the program, and then Indonesia have turned an aircraft long reserved for the French armed forces into an international commercial success, with deliveries spread over more than a decade.
The second driver is the business jet market: Falcon orders react to the economic climate, and delivery lead times — several years for the latest models — feed services revenue once the fleet is in service. The third is budgetary: European and French rearmament plans, reinforced by the war in Ukraine, secure domestic military demand over the long term.
The fourth, more discreet, is technical and operational: keeping certification schedules on track, Falcon 10X development costs, the pace of deliveries and margins on export batches weigh directly on profitability.
For the investor, these drivers can be read in three public documents: the order book published with the full-year and half-year results, the quarterly business report and the order announcements released throughout the year. Understanding these publications is part of the basics of fundamental analysis applied to an industrial stock.
Dassault Aviation Stock: History and Market Performance
On the markets, Dassault Aviation has gone through several distinct regimes. Long carried by its French industrial base alone and by a mature business jet market, the stock has seen marked cycles: the 2010s, with thin military order books and Falcons facing stiff competition, gave way after the pandemic to a phase of European rearmament and surging Rafale export orders that redrew the stock’s trajectory.
The stock is part of the CAC 40 and ranks among the significant industrial market caps on the Paris exchange, which exposes it to index fund flows and to sector rotations by fund managers.
To judge stock market performance, two habits are essential: reason in total return — dividends reinvested included, since Dassault Aviation pays one every year — and compare the stock with its sector over the same period, not with the CAC 40 alone. French defence stocks do not react like banks or technology names: their cycles are counted in years, much like the programs they deliver.
The Dassault Aviation Dividend: A Regular Yield
Dassault Aviation pays an annual dividend
Dassault Aviation pays an annual dividend on its fiscal year, proposed at the annual general meeting in the spring and paid a few weeks later. The latest proposed dividend stands at € per share, a yield of around % at the current price — a level in the upper range of CAC 40 industrial stocks, without falling into the very high yield category.
The distribution policy, historically prudent, aims to reward shareholders while preserving the group’s industrial resources: the share of earnings paid out fluctuates over the years, but the dividend is not meant to disappear, as the business model generates cash from the moment orders are signed.
For a saver looking for income, the stock can fit into a selection of dividend stocks, provided you reason in net-of-tax yield and in regularity over a full cycle, not just the last year.
The capital structure protects the company from raiders as well as from short-term pressures. The Dassault family controls about two-thirds of the shares through its holding company, a figure unchanged for decades, and Airbus holds close to 10% of the capital, a historical stake inherited from the restructuring of the European aerospace industry in the early 2020s, subject to a cap on its participation.
The free float actually available on the market therefore represents about a quarter to a third of the capital: this relative scarcity of shares can amplify price movements in both directions.
This family governance has a concrete consequence for the minority shareholder: industrial decisions — investments, schedules, handovers — are taken with continuity in mind, which has historically favored financial strength, at the price of less agility than some listed competitors more exposed to the markets.
As the holder of a share, you have the same rights as any shareholder: voting at the annual general meeting on the accounts, the allocation of earnings and appointments, access to financial documents, and the right to the proposed dividend. With a reference shareholder holding two-thirds of the votes, the influence of an individual holder on resolutions is symbolic — the point of the AGM lies elsewhere: it gives management a platform to speak on the order book, margins and strategy, an information session often more instructive than a press release.
Dassault Aviation’s Competitors in Defence and Business Aviation
In the combat aircraft market, the Rafale takes on Europe’s Eurofighter Typhoon, Lockheed Martin’s American F-35 and Sweden’s Saab Gripen; in business jets, the Falcons measure themselves against General Dynamics’ Gulfstream jets, Bombardier’s Global aircraft and Textron’s Cessna Citation family. In France itself, the listed aerospace ecosystem offers different profiles: Airbus shares, the leader in civil aviation, Thales shares, the defence electronics specialist, plus Lockheed Martin shares and Boeing shares on the American side.
Comparing these valuations — earnings multiple, enterprise value multiple, dividend yield — helps to position Dassault Aviation’s premium or discount within its sector.
Analyst Ratings and Price Targets for Dassault Aviation Stock
The investment banks covering the stock publish recommendations — buy, hold or sell — together with twelve-month price targets. These analyses rest on discounted cash flow models calibrated to the order book, production margins and delivery pace: the dispersion of targets between institutions mainly reflects the assumptions adopted for future export orders and the recovery of margins on the latest Rafale batches.
The analyst consensus aggregates these recommendations into an average rating, often expressed on four or five levels (strong buy, buy, hold, reduce, sell). Interpreting it calls for three precautions: consensus follows the price more than it anticipates it — target upgrades readily arrive after the rallies; it is structurally biased toward buy ratings; and it is quickly reshuffled after a major event, such as a large export order or an industrial incident.
Remember the logic rather than the figure: a price target is a dated snapshot, revised at every publication, never a promise.
| Reference point | What it measures | Reading precaution |
|---|---|---|
| Median price target | The price analysts are targeting in 12 months | Revised after every earnings release or order |
| Consensus rating | The average recommendation (buy → sell) | Structural bias toward buy ratings |
| Number of analysts | The depth of coverage of the stock | Varies with investor interest |
Should You Buy Dassault Aviation Stock in 2026? Strengths and Risks
The strengths of the case are solid. An order book filled with years of production; a unique position as an independent aircraft maker able to sell both the aircraft and its lifetime support; rising European defence budgets; stable governance and a lightly indebted balance sheet; and a business jet division whose latest models renew the range for a decade.
The risks exist and must be weighed. Dependence on state orders and export negotiations, irregular by nature; head-on competition from the F-35 in certain markets; industrial execution — any delay or cost overrun on the Falcon 10X would weigh on margins; the sensitivity of the business jet market to an economic slowdown; and finally a valuation that already prices in a large share of this good news, which limits the margin of safety in the event of disappointment.
As with any listed stock, none of these strengths guarantees tomorrow’s price: portfolio diversification remains the answer to idiosyncratic risk.
| Strengths | Risks |
|---|---|
| Order book covering several years of production | Export orders that are irregular and political by nature |
| European defence budgets on a durable upward path | Competition from the F-35 in tenders |
| Stable family governance, solid balance sheet | A reduced free float that amplifies price swings |
| Falcon range renewed up to the Falcon 10X | Possible delays or cost overruns during development |
| Dividend paid every year | Valuation already embedding high expectations |
A French stock listed on Euronext Paris, Dassault Aviation is eligible for the French equity savings plan (PEA), the most tax-efficient wrapper for a French resident after five years of holding, as well as for an ordinary securities account if you have already exhausted the contribution ceiling.
The process comes down to three moves: open the account with the broker of your choice, fund it by bank transfer, then place a buy order on ticker AM — the order types (market, limit) are detailed in our guide to stock market orders.
On the cost side, buying a CAC 40 stock is among the cheapest trades: most online brokers execute it for a few euros at most per order, and the financial transaction tax applies to purchases of large-cap French shares. Two habits will trim the bill further: grouping your purchases rather than multiplying small orders, and setting up a regular investment plan if you want to build the position gradually — a method that smooths the cost basis across the cycles specific to the defence sector.
To choose the platform suited to your order volumes, see our comparison of online brokers, and our Vantage review if you are considering a multi-regulated platform — you can also open a Vantage account →. Finally, our guide how to buy shares details every step for a confident first purchase.
Frequently Asked Questions About Dassault Aviation Stock
What Is the Outlook for Dassault Aviation?
The industrial outlook rests on two pillars: the Rafale, whose French and export order books are filling production beyond the decade, and the renewal of the Falcon range up to the Falcon 10X. The group also takes part in European discussions on future combat systems, which extends its trajectory beyond current programs.
Is Dassault Aviation a Good Investment?
It depends on your time horizon and asset allocation: the stock combines a defensive industrial profile with irregular order cycles. The strengths — a full order book, stable governance, a dividend — are set against execution and valuation risks. Analyzing your own goals and diversification matters more than any general recommendation.
What Is the Current Dassault Aviation Dividend Yield?
The yield is obtained by dividing the annual dividend by the share price: with the latest dividend of € and the price at €, it comes out at around %. This figure moves every day with the price and with every dividend announcement.
What Is the Price Forecast for Dassault Aviation Stock?
Analysts publish twelve-month price targets, spread out according to their order and margin assumptions. These forecasts are revised at every earnings release: treat them as working reference points, never as certainties, and cross-check them against the fundamentals of the order book.
Is Dassault Aviation in the CAC 40?
Yes: the stock belongs to the CAC 40 index, which brings together the largest market caps on Euronext Paris. This membership guarantees high daily liquidity and a presence in most French index funds, including the ETFs that replicate the index.
Yes: as a French company listed on Euronext Paris, it is eligible for the PEA. Dividends and capital gains are exempt from income tax after five years of holding; only the social security levies apply to withdrawals beyond that period.