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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.

Electrifying performance

Initiation | General Industrials | 02/09/2015

paragon is set to deliver 22%, 44% and 46% three-year CAGR in revenues, PBT and EPS respectively, driven predominantly by substantial growth from the group’s move into electromobility and new product areas such as body kinematics. This is built upon a strong core business in automotive electronics with a unique culture and development approach at the forefront of technological trends. With few directly comparable peers that can match such growth, we use a DCF valuation approach yielding a €30.1/share fair value.

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Stock data

Market cap.€276.1m
Last close€61.000
High / Low (52 weeks)€94.0 / €51.5
Stock market listingDE
Forecast net cash (€m)53.4
Forecast gearing ratio (%)N/A
TeamIndustrials
SectorGeneral Industrials

Price performance

%1m3m12m
Actual4.1(23.8)(0.4)
Relative *3.8(27.7)(2.8)

* % Relative to local index

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