We bought another 100,000 shares today after watching the 1H24 report.
The CEO who was the head of Defence at Rheinetal (one of the largest European Defence companies) is just impressive. So is the new head of Europe, also from Rheinmetal.
At its current EV of $280m, EOS trades on 0.5x EV/Orderbook, relative to defence peers trading of >1x.
This stock could easily be 5-10 times the current market cap in two years.
As the Canaccord analyst reported:Expectations for FY25 in the context of a>$1bn pipeline - In our view, the market's key concern is a perceivedrisk to FY25 earnings due to the completion of its major contract with a MiddleEastern customer (CGe FY24 $85m contribution) and a delay in securing anunconditional contract with Ukraine ($181m currently conditional).
Valuation and view - EOS has executed an impressive turnaround overthe previous 18 months, which has rebased and recapitalised the business forgrowth. At its current EV of $280m, EOS trades on 0.5x EV/Orderbook, relativeto defence peers trading of >1x.
Q2 presentation - we buoght 100,000 shares today
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Last
$3.41 |
Change
-0.010(0.29%) |
Mkt cap ! $657.9M | |||
| Open | High | Low | Value | Volume |
| $3.42 | $3.52 | $3.35 | $9.551M | 2.788M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15117 | $3.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.49 | 4465 | 3 |
View Market Depth
| Last trade - 16.10pm 22/07/2025 (20 minute delay) ? |
| EOS (ASX) Chart |