Added to YB: 2025-03-07
Pitch date: 2025-03-05
THEON.AS [bullish]
Theon International Plc
+46.02%
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 19.96
Price Target
N/A
Dividend
1.22%
EV/EBITDA
18.73
P/E
26.57
EV/Sales
5.00
Sector
Aerospace and Defense
Category
growth
[THEON] Theon International: Seeing What Others Can't
THEON.AS: European night vision leader (53% mkt share) w/ 50%+ growth, 24% margins. Acquired critical tube mfg. Cash flow issues (-€38M) & 61% revenue from 3 customers. 16.5x 2025 PE. Bull: defence spending surge, tech edge. Bear: cash burn, concentration risk. Key: geopolitical tech independence play.
Read full article (22 min)