paragon (PGN)

Business description

paragon designs and manufactures advanced automotive electronics solutions as a direct supplier to the automotive industry. Products include: sensors, acoustics, cockpit, electromobility and body kinematics.

Stock data

Market cap.€291.8m
Last close€64.47
High / Low (52 weeks)€94.0 / €40.4
Stock market listingDE
Forecast net debt (€m)54.5
Forecast gearing ratio (%)175
TeamIndustrials
SectorGeneral Industrials

Price performance

%1m3m12m
Actual(29.3)3.151.1
Relative *(29.5)(3.1)23.5

* % Relative to local index

Other companies in sector Show

Company news

DGAP-News: paragon AG: paragon subsidiary Voltabox Deutschland GmbH forms ...

Mon, 30 Mar 2015 09:00:00 GMT

DGAP-News: paragon AG: paragon AG takes over SphereDesign GmbH

Mon, 23 Feb 2015 15:11:15 GMT

Artega Scalo Superelletra by Touring makes Geneva debut

Sat, 04 Mar 2017 00:08:30 GMT

Voltabox receives new major order for trolleybus equipment

Mon, 11 Sep 2017 06:17:22 GMT

Voltabox AG Listed On The Frankfurt Stock Exchange Today - Initial Price: €30 ...

Fri, 13 Oct 2017 08:03:45 GMT

Investment summary

We forecast a three-year CAGR (FY17e-FY19e) in revenues of c 26%, driven by €1.2bn lifetime order backlog, and a three-year CAGR (FY17e-FY19e) in EPS of 63% by factoring into the benefits of production automation in Delbrück. We maintain our fair value of €82.1/share based on our DCF approach. Our revenues and earnings forecasts are broadly in line with consensus.

Last updated on 02/11/2017

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (fd) (c) P/E (x) P/CF (x)
2015A 95.0 14.1 5.0 82.7 78.0 16.1
2016A 102.8 16.1 5.8 84.4 76.4 13.5
2017E 123.8 19.4 7.8 116.0 55.6 20.1
2018E 155.7 25.6 13.1 194.5 33.1 14.1

Last updated on 24/10/2017

Latest video

Executive Interview - paragon

Industry outlook

We believe the growth story of paragon is understood by the capital market, following the successful issue of €50m bonds in June 2017 and the spin-off of its subsidiary, Voltabox, in October 2017 to raise gross proceeds of €152m. In order to generate further appreciation of its share price, paragon needs not only to deliver on its €1.2bn lifetime order backlog, but also to create further growth engines.

Last updated on 02/11/2017

Key management

Klaus Frers, CEO

Company address

Schwalbenweg 29
Delbrück
33129
Germany
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