Theon International Plc (NL:THEON)
:THEON
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Theon International Plc
(THEON)
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Rating:69Neutral
Price Target:
€33.00
▼(-2.94% Downside)
Action:ReiteratedDate:12/03/25
Theon International Plc's strong financial performance, particularly in revenue growth and profitability, is a key strength. However, technical indicators suggest a neutral market sentiment, and valuation metrics indicate the stock is fairly valued. The lack of significant earnings call insights or corporate events leaves the focus on financial and technical factors.
Positive Factors
Robust Revenue Growth
A multi-year revenue increase of this scale indicates durable market demand for Theon’s electro-optical systems and successful scaling of sales operations. Improved gross margins alongside top-line growth suggest operating leverage, helping sustain profitability as volume expands and supporting reinvestment in product development.
Negative Factors
Weak Operational Cash Generation
Volatile and recently negative free cash flow can force reliance on external financing for working capital and growth capex. Over the medium term this may constrain the company’s ability to self-fund R&D, inventory for large procurements, or sustain dividend and buyback policies without raising cost of capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Robust Revenue Growth
A multi-year revenue increase of this scale indicates durable market demand for Theon’s electro-optical systems and successful scaling of sales operations. Improved gross margins alongside top-line growth suggest operating leverage, helping sustain profitability as volume expands and supporting reinvestment in product development.
Read all positive factors
Theon International Plc (THEON) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€2.67B
Dividend Yield1.91%
Average Volume (3M)302.58K
Price to Earnings (P/E)38.6
Beta (1Y)1.00
Revenue GrowthN/A
EPS GrowthN/A
CountryNL
Employees633
SectorTechnology
Sector Strength88
IndustryAerospace & Defense
Share Statistics
EPS (TTM)0.46
Shares Outstanding78,624,640
10 Day Avg. Volume338,080
30 Day Avg. Volume302,585
Financial Highlights & Ratios
PEG Ratio0.21
Price to Book (P/B)3.88
Price to Sales (P/S)2.47
P/FCF Ratio-23.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€37.50Price Target Upside10.29% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)1.45
Revenue Forecast (FY)€593.89M
Theon International Plc Business Overview & Revenue Model
Company Description
Theon International PLC develops and manufactures customizable night vision, thermal imaging systems and electro-optical ISR systems for military and security applications in Europe and internationally. The company provides night vision monocular ...
How the Company Makes Money
Theon International generates revenue primarily through the sale of its advanced optical products, which include night vision goggles, thermal imaging cameras, and other imaging systems. The company operates on a business-to-business (B2B) model, ...
Theon International Plc Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 409.03M | 352.36M | 218.72M | 142.89M | 80.56M | 54.22M |
| Gross Profit | 133.00M | 109.21M | 70.21M | 50.21M | 32.81M | 16.91M |
| EBITDA | 106.36M | 93.56M | 56.23M | 40.72M | 26.10M | 12.44M |
| Net Income | 77.84M | 67.42M | 36.10M | 30.00M | 19.06M | 7.43M |
Balance Sheet | ||||||
| Total Assets | 437.71M | 392.44M | 210.52M | 157.69M | 71.94M | 46.15M |
| Cash, Cash Equivalents and Short-Term Investments | 121.14M | 118.53M | 65.80M | 24.50M | 26.49M | 14.97M |
| Total Debt | 99.72M | 76.09M | 51.88M | 34.96M | 18.28M | 20.34M |
| Total Liabilities | 183.77M | 156.23M | 133.16M | 93.24M | 38.09M | 31.52M |
| Stockholders Equity | 241.92M | 224.37M | 77.36M | 64.26M | 33.85M | 14.62M |
Cash Flow | ||||||
| Free Cash Flow | 44.45M | -36.84M | 27.69M | -10.77M | 13.83M | 7.48M |
| Operating Cash Flow | 38.45M | -26.12M | 35.26M | -6.94M | 18.43M | 8.40M |
| Investing Cash Flow | 22.54M | -35.67M | 213.15K | -11.51M | -4.19M | -834.30K |
| Financing Cash Flow | -25.95M | 83.91M | 6.37M | 16.40M | -3.31M | -55.71K |
Theon International Plc Technical Analysis
Positive
34.00
Price Trends
30.74
Positive
29.55
Positive
28.61
Positive
Market Momentum
0.25
Negative
62.19
Neutral
80.84
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:THEON, the sentiment is Positive. The current price of 34 is above the 20-day moving average (MA) of 31.22, above the 50-day MA of 30.74, and above the 200-day MA of 28.61, indicating a bullish trend. The MACD of 0.25 indicates Negative momentum. The RSI at 62.19 is Neutral, neither overbought nor oversold. The STOCH value of 80.84 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:THEON.
Theon International Plc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | €526.70M | 24.15 | 29.06% | 3.54% | 4.11% | 22.38% | |
69 Neutral | €2.67B | 38.63 | ― | 1.91% | ― | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | €1.49B | 15.43 | 11.04% | 4.11% | -3.59% | -46.68% | |
56 Neutral | €541.29M | 33.21 | -12.26% | ― | -1.70% | 24.14% | |
53 Neutral | €179.69M | -37.50 | -13.96% | ― | 0.36% | 34.49% | |
41 Neutral | €141.49M | -17.52 | ― | ― | -7.94% | 7.30% |
* Technology Sector Average
NL:THEON
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34.00
13.66
67.13%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.