Stock data
| Market cap. | €268.9m |
| Last close | €59.40 |
| High / Low (52 weeks) | €94.0 / €50.0 |
| Stock market listing | DE |
| Forecast net cash (€m) | 53.4 |
| Forecast gearing ratio (%) | N/A |
| Team | Industrials |
| Sector | General Industrials |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | (21.4) | (25.8) | 22.4 |
| Relative * | (23.6) | (20.7) | 17.0 |
* % Relative to local index
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Company news
Investment summary
Having delivered results that were in line with our expectations, paragon has guided to strong progress in FY18 with sales rising by 40% to around €175m and an adjusted EBIT margin maintained at around 9%. The growth will be primarily driven by Electromobility (Voltabox), but there will also be strong development by the smaller Mechanics division with good organic progress in Electronics. The current rating seems to be depressed by technical factors and does not appear to reflect the growth prospects.
Last updated on 09/04/2018
| Y/E Dec | Revenue (€m) | EBITDA (€m) | PBT (€m) | EPS (fd) (c) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2016A | 102.8 | 16.1 | 5.8 | 84.43 | 70.4 | N/A |
| 2017A | 124.8 | 20.6 | 6.9 | 65.02 | 91.4 | N/A |
| 2018E | 178.4 | 33.0 | 13.4 | 197.87 | 30.0 | N/A |
| 2019E | 238.7 | 46.0 | 24.2 | 309.60 | 19.2 | N/A |
Last updated on 09/04/2018
Latest research
Strong progress expected
Update | General Industrials | 09/04/2018
On track to meet FY17 guidance
Update | General Industrials | 24/11/2017
Automation to drive enhanced returns
Outlook | General Industrials | 16/08/2017
Charging ahead
QuickView | General Industrials | 09/11/2016
On the charge
Update | General Industrials | 26/10/2016
EUR1bn lifetime order backlog poised for delivery
Update | General Industrials | 14/04/2016
Trends support progress
Update | General Industrials | 25/01/2016
Electrifying performance
QuickView | General Industrials | 09/11/2015
Electrifying performance
Initiation | General Industrials | 02/09/2015
Premium opportunity
QuickView | General Industrials | 08/11/2013
Latest video
Industry outlook
We believe the growth story of paragon is understood by the capital markets, 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 06/04/2018