| Valuation method | Value, £ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 37.05 | 4017 |
| Intrinsic value (DCF) | 7.16 | 696 |
| Graham-Dodd Method | n/a | |
| Graham Formula | 0.51 | -44 |
Thruvision Group plc (LSE: THRU.L) is a UK-based leader in passive people-screening technology, specializing in security solutions for aviation, retail loss prevention, customs, and public venues. The company develops and manufactures advanced security cameras that detect concealed threats such as weapons, explosives, and contraband without physical contact. Operating globally across Europe, the Americas, Asia-Pacific, and the Middle East, Thruvision serves critical sectors like transportation, border control, and commercial security. Formerly known as Digital Barriers plc, the company rebranded in 2017 to reflect its focus on innovative thru-vision technology. With a market cap of approximately £3.2 million, Thruvision is positioned in the industrials sector, specifically within security and protection services. Its products are designed for high-traffic environments, offering non-invasive screening that enhances safety while maintaining operational efficiency. The company’s technology is particularly relevant in an era of heightened security concerns, making it a key player in the global security solutions market.
Thruvision Group presents a high-risk, high-reward investment opportunity due to its niche focus on passive security screening technology. While the company operates in a growing market driven by increasing security demands, its financials show challenges, including a net loss of £2.8 million and negative operating cash flow in the latest fiscal year. However, with £4.1 million in cash reserves and a low beta of 0.41, Thruvision may appeal to investors seeking exposure to specialized security tech with potential upside from government and commercial contracts. The lack of dividends and recent losses suggest caution, but its innovative product line and global reach could position it for recovery if demand for non-invasive screening solutions expands.
Thruvision Group competes in the security screening market with a unique passive detection technology that differentiates it from traditional X-ray or metal-detection systems. Its competitive advantage lies in its ability to screen individuals without physical contact or radiation exposure, making it suitable for high-throughput environments like airports and retail spaces. However, the company faces stiff competition from larger players with broader product portfolios and stronger financial backing. Thruvision’s relatively small market cap limits its ability to scale rapidly compared to multinational competitors. Its focus on niche applications, such as loss prevention and border security, allows for specialization but may constrain revenue diversification. The company’s technology is well-regarded for its operational flexibility, but adoption rates depend on budget allocations in security-sensitive industries. Thruvision’s challenge is to expand its commercial and government client base while improving profitability in a capital-intensive sector.