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. Check THEON tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €402.86 Million |
| % of Total Assets | 47.52% |
| Annual Growth Rate | 101.39% |
| 5-Year Change | 1515.23% |
| 10-Year Change | N/A |
| Growth Volatility | 60.09 |
Theon International Plc - Net Assets Trend (2020–2025)
This chart illustrates how Theon International Plc's net assets have evolved over time, based on quarterly financial data. See Theon International Plc (THEON) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Theon International Plc (2020–2025)
The table below shows the annual net assets of Theon International Plc from 2020 to 2025. For live valuation and market cap data, see Theon International Plc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 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 |
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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 248.3% 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 |
|---|---|
|
Sany Heavy Energy Co. Ltd. A
SHG:688349
|
$2.53 Billion |
|
Test Research Inc
TW:3030
|
$2.53 Billion |
|
Digi International Inc
NASDAQ:DGII
|
$2.54 Billion |
|
Ningbo Jifeng Auto Parts Co
SHG:603997
|
$2.54 Billion |
|
Insight Enterprises Inc
NASDAQ:NSIT
|
$2.53 Billion |
|
Bethel Automotive Safety Systems Co Ltd Class A
SHG:603596
|
$2.53 Billion |
|
Pt Pradiksi Gunatama Tbk
JK:PGUN
|
$2.53 Billion |
|
Bufab Holding AB
ST:BUFAB
|
$2.53 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 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: 10.25x
- 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 93.25x to 10.25x 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 | €33.26 | x |
| 2021-06-30 | €0.73 | €33.26 | x |
| 2022-06-30 | €1.69 | €33.26 | x |
| 2023-06-30 | €3.21 | €33.26 | x |
| 2024-06-30 | €1.29 | €33.26 | x |
| 2025-06-30 | €3.24 | €33.26 | 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 (41.17%), 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 |
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: $494,032,000
- Average return on equity (ROE) among peers: 601.84%
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 | $2.53 Billion |
| CSG N.V. (CSG) | $494.03 Million | 601.84% | 4.14x | $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