Theon International Plc (THEON) - Net Assets
Based on the latest financial reports, Theon International Plc (THEON) has net assets worth €402.86 Million EUR (≈ $470.98 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€847.71 Million ≈ $991.06 Million USD) and total liabilities (€444.85 Million ≈ $520.08 Million USD). 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. See THEON net asset quality score to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €402.86 Million |
| % of Total Assets | 47.52% |
| Annual Growth Rate | 96.54% |
| 5-Year Change | 1113.86% |
| 10-Year Change | N/A |
| Growth Volatility | 56.51 |
Theon International Plc - Net Assets Trend (2020–2026)
This chart illustrates how Theon International Plc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see THEON market cap.
Annual Net Assets for Theon International Plc (2020–2026)
The table below shows the annual net assets of Theon International Plc from 2020 to 2026. Also explore net asset growth rate of Theon International Plc to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-06-30 | €410.83 Million ≈ $480.31 Million |
+73.93% |
| 2025-06-30 | €236.20 Million ≈ $276.15 Million |
+205.34% |
| 2024-06-30 | €77.36 Million ≈ $90.44 Million |
+20.02% |
| 2023-06-30 | €64.45 Million ≈ $75.35 Million |
+90.43% |
| 2022-06-30 | €33.85 Million ≈ $39.57 Million |
+131.44% |
| 2021-06-30 | €14.62 Million ≈ $17.10 Million |
+105.00% |
| 2020-06-30 | €7.13 Million ≈ $8.34 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 425.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €180.25 Million | 45.26% |
| Common Stock | €786.25K | 0.20% |
| Other Comprehensive Income | €247.85 Million | 62.24% |
| Total Equity | €398.24 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 |
|---|---|
|
Tianjin Zhongxin Pharmaceutical Group Corp Ltd
SHG:600329
|
$2.88 Billion |
|
XINYI SOLAR UNSP.ADR/20
F:13X0
|
$2.88 Billion |
|
Cal-Comp Electronics (Thailand) Public Company Limited
BK:CCET
|
$2.88 Billion |
|
FIBI Holdings Ltd
TA:FIBIH
|
$2.89 Billion |
|
Guangzhou Baiyun International Airport Co Ltd
SHG:600004
|
$2.88 Billion |
|
China National Medicines Corp Ltd
SHG:600511
|
$2.88 Billion |
|
Xiangyang Changyuan Donggu Industry Co Ltd
SHG:603950
|
$2.87 Billion |
|
Shanghai Construction Group Co Ltd
SHG:600170
|
$2.87 Billion |
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 2025 to 2026, total equity changed from 224,365,396 to 398,244,347, a change of 173,878,951 (77.5%).
- Net income of 80,455,708 contributed positively to equity growth.
- Dividend payments of 23,800,000 reduced retained earnings.
- Share repurchases of 37,618,090 reduced equity.
- Other comprehensive income increased equity by 143,659,273.
- Other factors increased equity by 11,182,060.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €80.46 Million | +20.2% |
| Dividends Paid | €23.80 Million | -5.98% |
| Share Repurchases | €37.62 Million | -9.45% |
| Other Comprehensive Income | €143.66 Million | +36.07% |
| Other Changes | €11.18 Million | +2.81% |
| Total Change | €- | 77.50% |
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: 5.56x
- 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 88.93x to 5.56x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-06-30 | €0.36 | €31.72 | x |
| 2021-06-30 | €0.73 | €31.72 | x |
| 2022-06-30 | €1.69 | €31.72 | x |
| 2023-06-30 | €3.21 | €31.72 | x |
| 2024-06-30 | €1.29 | €31.72 | x |
| 2025-06-30 | €3.24 | €31.72 | x |
| 2026-06-30 | €5.71 | €31.72 | 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): 20.20%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.14%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 1.56x
- Recent ROE (20.20%) is below the historical average (38.17%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 16.46% | 3.13% | 0.91x | 5.76x | €460.76K |
| 2021 | 50.82% | 13.70% | 1.17x | 3.16x | €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 |
| 2026 | 20.20% | 18.14% | 0.71x | 1.56x | €40.63 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: $62,412,565
- Average return on equity (ROE) among peers: 48.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Theon International Plc (THEON) | €402.86 Million | 16.46% | 1.10x | $2.88 Billion |
| CSG N.V. (CSG) | $62.41 Million | 48.15% | 3.53x | $15.50 Billion |
About 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. The company offers night vision, thermal imaging, and fused and augmented reality devices; and monocular, binoculars, weapon sights, clip-on devices, and platform-based imaging systems. It also provides … Read more