ELECTRO OPTIC SYSTEMS HOLDINGS LIMITED (EOS)
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EOS

EOS - ELECTRO OPTIC SYSTEMS HOLDINGS LIMITED

FNArena Sector : Military & Defence
Year End: December
GICS Industry Group : Capital Goods
Debt/EBITDA: -0.57
Index: ASX200 | ASX300 | ALL-ORDS

Electro Optic Systems is an Australian technology company operating in the space and defence markets. Founded in 1983, the company listed on the ASX in 2002.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$11.01

27 Aug
2026

-0.230

OPEN

$11.20

-2.05%

HIGH

$11.98

4,228,966

LOW

$10.89

TARGET
$12.55 14.0% upside
OTHER COMPANIES IN THE SAME SECTOR
DRO . ELS .
FNARENA'S MARKET CONSENSUS FORECASTS
EOS: 1
Title FY24
Actual
FY25
Actual
FY26
Forecast
FY27
Forecast
EPS (cps) xxx 10.2 4.0 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A - 60.9% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 251.3 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

0.00

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
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Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx10.2
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx128.5 M
Book Value Per Share xxxxxxxxxxxxxxx126.5
Net Operating Cash Flow xxxxxxxxxxxxxxx-24.2 M
Net Profit Margin xxxxxxxxxxxxxxx-56.34 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-30.88 %
Return on Invested Capital xxxxxxxxxxxxxxx-29.28 %
Return on Assets xxxxxxxxxxxxxxx-18.66 %
Return on Equity xxxxxxxxxxxxxxx-30.88 %
Return on Total Capital xxxxxxxxxxxxxxx-18.33 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-44.2 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx5 M
Long Term Debt xxxxxxxxxxxxxxx12 M
Total Debt xxxxxxxxxxxxxxx17 M
Goodwill - Gross xxxxxxxxxxxxxxx3 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx107 M
Price To Book Value xxxxxxxxxxxxxxx7.46

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx20.0 M
Capex % of Sales xxxxxxxxxxxxxxx15.60 %
Cost of Goods Sold xxxxxxxxxxxxxxx138 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx40 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxxxxxx xxx

$xx.xx

xx.xx%

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Bell Potter

26/08/2026

1

Buy

$12.60

14.44%

Bell Potter maintains its Buy recommendation for Electro Optic Systems with its target price unchanged at $12.60 following a first-half financial result featuring underlying EBITDA of $21.6m, which came in 4% above the broker's estimates.

Operational performance was supported by continuing operations revenue surging 283% YoY to $168.8m driven by strong delivery volumes of Remote Weapon Systems and contributions from the newly acquired Marss business.

Forecast 2026 EBITDA is raised by 26% to reflect higher costs and an upgraded revenue guidance range of $360m to $400m, while 2027 and 2028 EBITDA forecasts are lowered by -47% and -27% respectively due to increased operational expenditure investments.

The analyst highlights that imminent major contract catalysts underpinned by a GBP37.1m performance bank guarantee issued for a prospective Middle Eastern customer and a robust sales pipeline featuring a $300m-plus European laser weapon opportunity support an increased target EV/EBITDA multiple of 120x.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of 1.20 cents.
Bell Potter forecasts a full year FY27 dividend of 0.00 cents and EPS of 1.40 cents.

EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

30/08/2026

1

Buy

$15.00

36.24%

Canaccord Genuity retains a Buy rating for Electro Optic Systems with its target price increased to $15.00 from $14.20 following a 1H26 result featuring revenue of $169m and underlying EBITDA of $22m.

Management upgraded FY26 total revenue guidance to between $360m and $400m on the back of an unconditional order book surging 84% to $846m.

The analyst highlights a recent $77m security deposit that points toward an imminently expected, potentially material contract in the Middle East.

Reflecting pipeline conversion visibility, the broker upgrades FY26, FY27, and FY28 underlying EBITDA estimates by 300%, 28%, and 18% respectively.

The broker concludes the company possesses multiple growth levers capable of supporting a significantly larger revenue base over the medium term.

EOS STOCK CHART