Added to YB: 2024-08-15
Pitch date: 2024-08-12
THEON.AS [bullish]
Theon International Plc
+166.64%
current return
Author Info
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Company Info
Theon International Plc develops and manufactures customizable night vision, thermal imaging, and electro-optical ISR systems for military and security applications in Europe and internationally.
Market Cap
EUR 1.9B
Pitch Price
EUR 10.93
Price Target
18.20 (-38%)
Dividend
1.22%
EV/EBITDA
18.73
P/E
26.57
EV/Sales
5.00
Sector
Aerospace and Defense
Category
growth
Theon International: Aggressive Growth in the Defense Sector.
THEON.AS: Leading night vision/thermal imaging manufacturer. 50% 5yr revenue CAGR, 26% EBIT margin. Strong backlog €540M. 11.5% market growth. CEO owns 10%. Trades 12x fwd P/E vs high ROIC/margins. €330-350M 2024 rev guidance. 59% upside, 22% IRR potential. Risks: gov't budgets, competition.
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