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Theon International PLC (THEON.AS)

EUR31.34 -0.50 (-1.57%)
CY AMS Industrials Aerospace & Defense
Address Muskita Building 2 2002
Nicosia, CY
CEO Christian Hadjiminas
Website theon.com
IPO 2024-02-07
ISIN CY0200751713

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Also trades on Euronext Amsterdam · THEON.AS (EUR) Stuttgart Stock Exchange · W8C.SG (EUR)
Description

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. Its principal products are night vision monoculars and binoculars; family of night vision sights; clip-on night sights; night driver's viewers; digital day and night cameras and upgrade kits for armoured vehicles; thermal stand-alone and clip-on uncooled sights; and vehicle and platform based thermal imaging systems. The company also offers optical and mechanical customized design, ILS, and maintenance services. The company was founded in 1997 and is based in Nicosia, Cyprus. Theon International Plc operates as a subsidiary of Venetus Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR31.34 -0.50 (-1.57%)
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Volume Profile
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Liquidity & share structure
Average Volume
151.7K
Beta
0.85
Float Shares
30.19M
Free Float %
38.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+2.21% +4.25% +5.70% +8.66% +32.96% +24.48% -0.12% +240.41% +240.41% +240.41% +240.41%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
31.34
DCF (Unlevered) 24.63 -21.4%
DCF (Levered) 8.32 -73.5%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 89% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 8 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
5.39
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
3 / 5
Medium
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Aerospace & Defense: +15.4%
    +25.8% Q1'26: +32.2% (vs Q1'25)
  • EPS growth Aerospace & Defense: +32.2%
    +18.6% Q1'26: +176.0% (vs Q1'25)
  • FCF margin FCF growth · Aerospace & Defense: +45.0%
    +7.5% Q1'26: +3.4% (vs Q1'25)
  • EBIT margin Aerospace & Defense: +9.2%
    +23.4% Q1'26: +23.1% (vs Q1'25)
  • ROIC Aerospace & Defense: +6.2%
    +31.9% Q1'26: +36.2% (vs Q1'25)
  • Share dilution Aerospace & Defense: +0.0%
    +0.9% Q1'26: +10.3% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Aerospace & Defense: 0.16×
    1.20× Q1'26: 3.03× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.85) × ERP
WACC = 95% × Ke + 5% × Kd (7.4%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 24.63 Current price: 31.34
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
10 Rev. Ana.
9 EPS Ana.
Dec 2027
9 Rev. Ana.
8 EPS Ana.
Dec 2028
3 Rev. Ana.
7 EPS Ana.
Dec 2029
4 Rev. Ana.
6 EPS Ana.
Dec 2030
4 Rev. Ana.
6 EPS Ana.
Revenue
218.72M
est: 217.25M (+0.7%)
352.36M
est: 350.20M (+0.6%)
443.42M
est: 443.41M (+0.0%)
600.00M
592.49M – 612.95M
+35.3% YoY
713.63M
701.96M – 725.48M
+18.9% YoY
830.37M
818.25M – 846.05M
+16.4% YoY
929.30M
915.73M – 946.85M
+11.9% YoY
969.50M
955.35M – 987.81M
+4.3% YoY
EBITDA
56.23M
est: 59.14M (-4.9%)
93.56M
est: 96.28M (-2.8%)
107.78M
est: 121.91M (-11.6%)
164.97M
162.90M – 168.53M
+35.3% YoY
196.21M
193.00M – 199.47M
+18.9% YoY
228.30M
224.97M – 232.62M
+16.4% YoY
255.50M
251.77M – 260.33M
+11.9% YoY
266.56M
262.66M – 271.59M
+4.3% YoY
EBIT
55.24M
est: 56.59M (-2.4%)
91.05M
est: 92.99M (-2.1%)
103.78M
est: 117.74M (-11.9%)
159.33M
157.33M – 162.76M
+35.3% YoY
189.50M
186.40M – 192.65M
+18.9% YoY
220.50M
217.28M – 224.66M
+16.4% YoY
246.77M
243.17M – 251.43M
+11.9% YoY
257.44M
253.68M – 262.30M
+4.3% YoY
Net Income
36.10M
est: 38.95M (-7.3%)
67.42M
est: 64.39M (+4.7%)
80.46M
est: 80.37M (+0.1%)
99.88M
91.34M – 103.25M
+24.3% YoY
117.02M
102.98M – 132.73M
+17.2% YoY
139.42M
136.78M – 142.84M
+19.1% YoY
146.26M
143.48M – 149.85M
+4.9% YoY
— – —
-100.0% YoY
SGA
12.07M
est: 15.04M (-19.7%)
18.09M
est: 23.42M (-22.8%)
35.62M
est: 29.66M (+20.1%)
40.13M
39.63M – 41.00M
+35.3% YoY
47.73M
46.95M – 48.53M
+18.9% YoY
55.54M
54.73M – 56.59M
+16.4% YoY
62.16M
61.25M – 63.33M
+11.9% YoY
64.85M
63.90M – 66.07M
+4.3% YoY
EPS
0.60
est: 0.56 (+6.5%)
0.97
est: 0.92 (+5.1%)
1.15
est: 1.15 (-0.2%)
1.43
1.31 – 1.48
+24.3% YoY
1.68
1.48 – 1.90
+17.2% YoY
2.00
1.96 – 2.05
+19.1% YoY
2.10
2.06 – 2.15
+4.9% YoY
— – —
-100.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A- 4/5 3/5 5/5 5/5 3/5 2/5 2/5
2026-05-28 A- 4/5 3/5 5/5 5/5 3/5 2/5 2/5
2026-05-27 A- 4/5 3/5 5/5 5/5 3/5 2/5 2/5
2026-05-26 A- 4/5 3/5 5/5 5/5 3/5 2/5 2/5
2026-05-25 A- 4/5 3/5 5/5 5/5 3/5 2/5 2/5
2026-05-22 A- 4/5 3/5 5/5 5/5 3/5 2/5 2/5
2026-05-21 A- 4/5 3/5 5/5 5/5 3/5 2/5 2/5
2026-05-20 A- 4/5 3/5 5/5 5/5 3/5 2/5 2/5
2026-05-19 B+ 3/5 3/5 5/5 5/5 2/5 2/5 2/5
2026-05-18 B+ 3/5 3/5 5/5 5/5 2/5 2/5 2/5
2026-05-15 A- 4/5 3/5 5/5 5/5 2/5 3/5 2/5
2026-05-14 A- 4/5 3/5 5/5 5/5 2/5 3/5 2/5
2026-05-13 A- 4/5 3/5 5/5 5/5 2/5 3/5 2/5
2026-05-12 A- 4/5 3/5 5/5 5/5 2/5 3/5 2/5
2026-05-11 A- 4/5 3/5 5/5 5/5 2/5 3/5 2/5
2026-05-08 A- 4/5 3/5 5/5 5/5 2/5 3/5 2/5
2026-05-07 A- 4/5 3/5 5/5 5/5 2/5 3/5 2/5
2026-05-06 A- 4/5 3/5 5/5 5/5 2/5 3/5 2/5
2026-05-05 A- 4/5 3/5 5/5 5/5 2/5 3/5 2/5
2026-05-04 A- 4/5 3/5 5/5 5/5 2/5 3/5 2/5
2026-04-30 A- 4/5 3/5 5/5 5/5 2/5 3/5 2/5
2026-04-29 A- 4/5 3/5 5/5 5/5 2/5 3/5 2/5
2026-04-28 A- 4/5 3/5 5/5 5/5 2/5 3/5 2/5
2026-04-27 B+ 3/5 2/5 5/5 5/5 2/5 3/5 2/5
2026-04-24 B+ 3/5 2/5 5/5 5/5 2/5 3/5 2/5
2026-04-23 A- 4/5 3/5 5/5 5/5 2/5 3/5 2/5
2026-04-22 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-21 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5
2026-04-20 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5
2026-04-17 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5
2026-04-16 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5
2026-04-15 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
34.34M
OE per share TTM
0.49
Owner's Yield
1.33%
Maintenance CapEx ratio
57.44%
Maint CapEx / Avg PPE
9.7%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
158.7K
Shares Outstanding
78.33M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Antonios Gkiokas General Counsel male
Christianos Hadjiminas Founder, Vice-Chairperson & Chief Executive Officer male
Dimitrios Mandridis Chief Technology Officer at Theon Sensors male
Dimitris Parthenis Chief Financial Officer male
Nikos Malesiotis Head of M&A and IR male
Philippe Mennicken Deputy CEO, Business Development Director & Executive Director male
Stelios Anastasiou Company Secretary & Executive Director male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits