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Theon International PLC is engaged in providing Night Vision and Thermal Imaging Systems for military and security applications. The main product lines of the company include 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.
2021
112
LTM Revenue $401M
LTM EBITDA $103M
$1.4B
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Theon has a last 12-month revenue of $401M and a last 12-month EBITDA of $103M.
In the most recent fiscal year, Theon achieved revenue of $88.0M and an EBITDA of $28.5M.
Theon expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Theon valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | n/a | $88.0M | XXX | XXX | XXX |
| Gross Profit | n/a | n/a | XXX | XXX | XXX |
| Gross Margin | NaN% | NaN% | XXX | XXX | XXX |
| EBITDA | n/a | $28.5M | XXX | XXX | XXX |
| EBITDA Margin | NaN% | 32% | XXX | XXX | XXX |
| Net Profit | n/a | n/a | XXX | XXX | XXX |
| Net Margin | NaN% | NaN% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of March 14, 2025, Theon's stock price is EUR 20 (or $22).
Theon has current market cap of EUR 1.4B (or $1.5B), and EV of EUR 1.3B (or $1.4B).
See Theon trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1.4B | $1.5B | XXX | XXX | XXX | XXX | $1.09 |
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Sign UpAs of March 14, 2025, Theon has market cap of $1.5B and EV of $1.4B.
Theon's trades at 3.6x LTM EV/Revenue multiple, and 14.0x LTM EBITDA.
Analysts estimate Theon's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Theon and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $1.4B | XXX | XXX | XXX |
| EV/Revenue | 16.4x | XXX | XXX | XXX |
| EV/EBITDA | 50.5x | XXX | XXX | XXX |
| P/E | 72.6x | XXX | XXX | XXX |
| P/E/Growth | 0.6x | XXX | XXX | XXX |
| EV/FCF | 92.4x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpTheon's NTM/LTM revenue growth is 19%
Theon's revenue per employee for the last fiscal year averaged $0.8M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Theon's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Theon's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Theon and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | n/a | XXX | XXX | XXX | XXX |
| EBITDA Margin | 32% | XXX | XXX | XXX | XXX |
| EBITDA Growth | n/a | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 51% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.8M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 4% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 2% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 10% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Austal | XXX | XXX | XXX | XXX | XXX | XXX |
| Codan | XXX | XXX | XXX | XXX | XXX | XXX |
| Droneshield | XXX | XXX | XXX | XXX | XXX | XXX |
| Electro Optic Systems | XXX | XXX | XXX | XXX | XXX | XXX |
| RENK Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Theon acquired XXX companies to date.
Last acquisition by Theon was XXXXXXXX, XXXXX XXXXX XXXXXX . Theon acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Theon founded? | Theon was founded in 2021. |
| Where is Theon headquartered? | Theon is headquartered in Netherlands. |
| How many employees does Theon have? | As of today, Theon has 112 employees. |
| Is Theon publicy listed? | Yes, Theon is a public company listed on AMS. |
| What is the stock symbol of Theon? | Theon trades under THEON ticker. |
| When did Theon go public? | Theon went public in 2024. |
| Who are competitors of Theon? | Similar companies to Theon include e.g. Austal, Codan, Droneshield, Electro Optic Systems. |
| What is the current market cap of Theon? | Theon's current market cap is $1.5B |
| What is the current revenue of Theon? | Theon's last 12-month revenue is $401M. |
| What is the current EBITDA of Theon? | Theon's last 12-month EBITDA is $103M. |
| What is the current EV/Revenue multiple of Theon? | Current revenue multiple of Theon is 3.6x. |
| What is the current EV/EBITDA multiple of Theon? | Current EBITDA multiple of Theon is 14.0x. |
| Is Theon profitable? | Yes, Theon is EBITDA-positive (as of the last 12 months). |
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