Added to YB: 2025-04-01
Pitch date: 2025-03-30
THEON.AS [neutral]
Theon International Plc
+34.78%
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 21.63
Price Target
17.70 (-39%)
Dividend
1.22%
EV/EBITDA
18.73
P/E
26.57
EV/Sales
5.00
Sector
Aerospace and Defense
Category
growth
Theon International - Qualitative Analysis
THEON.AS (overview): European defense co. specializing in night vision devices. Strong growth potential due to geopolitical tensions, NATO spending increases, and shift to night operations. Vertical integration via Harder Digital acquisition. Competitive advantages: regulatory barriers, switching costs, proprietary tech. Risks: revenue concentration, tech shifts. CEO owns 75%+. Fair value €14-17.7.
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