Search Follow us

paragon (PGN)

Business description

paragon designs and manufactures automotive electronics and solutions, selling directly to OEMs. Products include sensors, acoustics, cockpits and body kinematics. Production facilities are in Germany, the US and China. paragon owns 60% of Voltabox.

Dynamic driving

Update | General Industrials | 19/11/2018

Despite rapid growth, paragon’s shares have performed poorly since the positive reaction to half year results in August, in part due to value attribution from Voltabox which has also slipped back. Recent acquisitions of SemVox by paragon and Navitas and ACCURATE by Voltabox do not warrant the reaction, and we expect Q318 results in November to underpin market expectations. On our forecasts, paragon is now trading on an undemanding FY19 P/E of just 9.4x and our DCF remains at €95 a share.

Edison's research is freely available. We will never ask for your credit card details and you do not need to register. By downloading this research you are agreeing to our terms and conditions, which you can read in full here.

Stock data

Market cap.€73m
Last close€16.120
High / Low (52 weeks)€80.1 / €15.1
Stock market listingDE
Forecast net cash (€m)17.8
Forecast gearing ratio (%)N/A
SectorGeneral Industrials

Price performance

Relative *(19.4)(32.8)(75.6)

* % Relative to local index

Company news