Main menu
Edison Group
  • Home
  • Equities

    Equities

    View All Equities

    Equities by Sector

    Pan African Resources

    MCap

    GBP695m

    Last close

    GBP0.36

    ▲ 0.95 (2.69%)

    Quadrise

    MCap

    GBP28m

    Last close

    GBP0.02

    ▲ −0.17 (−10.00%)

    Sareum Holdings

    MCap

    GBP33m

    Last close

    GBP0.26

    ▲ −1.25 (−4.59%)

  • Sectors

    Sectors

  • Thematics

    Thematics

    View All Thematics

    Latest

  • Audiovisual

    Audiovisual

    View All Audiovisual

    Latest

Avon Technologies (LSE: AVON)

Last close As at 20/11/2024

1,137.00

▲ 22.00 (1.97%)

Market capitalisation

GBP344m

Avon Technologies designs, develops and manufactures personal protection products for military and first responder markets, with a focus on respiratory mask systems and helmets. Its main customers include national security agencies, such as the US Department of Defense (DoD), and c 70% of sales come from the US.

Latest Insights

View More

Industrials | QuickView

Avon Protection — Unmasking its growth potential

Industrials | Outlook

Avon Protection — Refocused Protection set to resume growth

Industrials | Update

Avon Protection — Sentiment needs restoring to access value

Industrials | Flash note

Avon Protection — Confirming the growth path
Visit Website

Sector

Industrials

Key Management

  • Bruce Thompson

    Chairman

  • Jos Sclater

    CEO

  • Rich Cashin

    CFO

Balance Sheet

Forecast net debt (US$m)

27.1

Forecast gearing ratio (%)

13

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (17.7) 1.1 (64.6)
Relative (16.3) 2.6 (66.2)
52 week high/low 3282.0p/916.0p

Financials

Avon Protection’s capital markets day highlighted its continued focus on medium-term margin expansion (targeting operating margin of 14–16%), concentrating on its core business of respirators and head protection. The unwinding of the armour business, alongside the consolidation of Team Wendy (acquired in H220) should enable Avon to benefit from rising global defence spending. Its strong relationship with the US DoD, and organic growth opportunities with recurring revenue from necessary product replacements, should bolster its medium-term target for ROIC to exceed 17%, which would surpass the average of UK defence peers.

Y/E Sep Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (fd) (c) P/E (x) P/CF (x)
2020A 213.6 49.0 36.1 97.4 15.2 59.5
2021A 248.3 37.6 18.9 60.3 24.5 N/A
2022E 278.4 55.1 33.2 85.1 17.4 9.1
2023E 313.2 68.4 45.4 116.3 12.7 7.7

Research

Outlook

Industrials

Avon Protection — Refocused Protection set to resume growth

Update

Industrials

Avon Protection — Sentiment needs restoring to access value

Industrials

QuickView

Avon Protection — Unmasking its growth potential
View All

Thematics

thematic

Industrials

The art of measurement – Challenges in metrology

thematic

Industrials

Deutsches Eigenkapitalforum (EKF) 2023 industrials

thematic

Industrials

The long and winding road

thematic

Industrials

Quantum computing: A booming industry
View All

Subscribe to Edison

Get access to the very latest content matched to your personal investment style.

Sign up for free