Theon International Plc
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… Read more
Theon International Plc (THEON) - Net Assets
Latest net assets as of September 2025: €253.94 Million EUR
Based on the latest financial reports, Theon International Plc (THEON) has net assets worth €253.94 Million EUR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€437.71 Million) and total liabilities (€183.77 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €253.94 Million |
| % of Total Assets | 58.02% |
| Annual Growth Rate | 100.49% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 67.12 |
Theon International Plc - Net Assets Trend (2021–2025)
This chart illustrates how Theon International Plc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Theon International Plc (2021–2025)
The table below shows the annual net assets of Theon International Plc from 2021 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | €236.20 Million | +205.34% |
| 2024-06-30 | €77.36 Million | +20.02% |
| 2023-06-30 | €64.45 Million | +90.43% |
| 2022-06-30 | €33.85 Million | +131.52% |
| 2021-06-30 | €14.62 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Theon International Plc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 11946967400.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €119.47 Million | 53.25% |
| Common Stock | €700.00K | 0.31% |
| Other Comprehensive Income | €104.20 Million | 46.44% |
| Total Equity | €224.37 Million | 100.00% |
Theon International Plc Competitors by Market Cap
The table below lists competitors of Theon International Plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pacira BioSciences, Inc.
NASDAQ:PCRX
|
$764.74 Million |
|
Jizhong Energy Resources Co Ltd
SHE:000937
|
$764.87 Million |
|
Xtep International Holdings Limited
F:4QI
|
$764.90 Million |
|
Smartgroup Corporation Ltd
PINK:STGXF
|
$765.01 Million |
|
ScanSource Inc
NASDAQ:SCSC
|
$764.30 Million |
|
Fortune Real Estate Investment Trust
PINK:FRIVF
|
$763.72 Million |
|
J.S. Corrugating Machinery Co Ltd
SHE:000821
|
$763.60 Million |
|
Global Digital Niaga
JK:BELI
|
$763.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Theon International Plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 77,357,508 to 224,365,396, a change of 147,007,888 (190.0%).
- Net income of 67,420,163 contributed positively to equity growth.
- Dividend payments of 14,438,234 reduced retained earnings.
- Share repurchases of 7,778,157 reduced equity.
- New share issuances of 100,000,000 increased equity.
- Other comprehensive income increased equity by 125,998,130.
- Other factors decreased equity by 124,194,014.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €67.42 Million | +30.05% |
| Dividends Paid | €14.44 Million | -6.44% |
| Share Repurchases | €7.78 Million | -3.47% |
| Share Issuances | €100.00 Million | +44.57% |
| Other Comprehensive Income | €126.00 Million | +56.16% |
| Other Changes | €-124.19 Million | -55.35% |
| Total Change | €- | 190.04% |
Book Value vs Market Value Analysis
This analysis compares Theon International Plc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 9.85x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 152.99x to 9.85x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-06-30 | €0.21 | €31.95 | x |
| 2022-06-30 | €1.69 | €31.95 | x |
| 2023-06-30 | €3.21 | €31.95 | x |
| 2024-06-30 | €1.29 | €31.95 | x |
| 2025-06-30 | €3.24 | €31.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Theon International Plc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 30.05%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.13%
- • Asset Turnover: 0.90x
- • Equity Multiplier: 1.75x
- Recent ROE (30.05%) is below the historical average (46.11%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 50.82% | 13.70% | 1.20x | 3.09x | €5.97 Million |
| 2022 | 56.33% | 23.66% | 1.12x | 2.13x | €15.68 Million |
| 2023 | 46.68% | 20.99% | 0.91x | 2.45x | €23.57 Million |
| 2024 | 46.66% | 16.50% | 1.04x | 2.72x | €28.36 Million |
| 2025 | 30.05% | 19.13% | 0.90x | 1.75x | €44.98 Million |
Industry Comparison
This section compares Theon International Plc's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $15,800,041,000
- Average return on equity (ROE) among peers: 18.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Theon International Plc (THEON) | €253.94 Million | 50.82% | 0.72x | $764.67 Million |
| CSG N.V. (CSG) | $15.80 Billion | 18.82% | 2.80x | $285.57K |