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paragon GmbH KGaA

DB:PGN
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PGN
DB
€39M
Market Cap
  1. Home
  2. DE
  3. Automobiles
Company description

paragon GmbH & Co. KGaA develops, manufactures, and sells electronic components and sensors for the automotive industry in Germany and internationally. The last earnings update was 146 days ago. More info.


Add to Portfolio Compare Print
  • paragon GmbH KGaA has significant price volatility in the past 3 months.
PGN Share Price and Events
7 Day Returns
25%
DB:PGN
3.7%
DE Auto Components
2.1%
DE Market
1 Year Returns
-65.6%
DB:PGN
-47.8%
DE Auto Components
-16.6%
DE Market
PGN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
paragon GmbH KGaA (PGN) 25% -15.3% -41.5% -65.6% -80% -40.8%
DE Auto Components 3.7% -20.4% -41.1% -47.8% -63.5% -67.9%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • PGN underperformed the Auto Components industry which returned -47.8% over the past year.
  • PGN underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
PGN
Industry
5yr Volatility vs Market

PGN Value

 Is paragon GmbH KGaA undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of paragon GmbH KGaA to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for paragon GmbH KGaA.

DB:PGN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in EUR € 0.3
Payout Ratio Company Filings (2019-09-30) 2316.3%
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:PGN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.14 (1 + (1- 30%) (358.66%))
3.01
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:PGN using Dividend Discount Model Model

The calculations below outline how an intrinsic value for paragon GmbH KGaA is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:PGN Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €0.3 / (10.49% - -0.39%)
€3.05
DB:PGN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:PGN represents 1.05102x of XTRA:PGN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.05102x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 2.76 x 1.05102
€2.90
Value per share (EUR) From above. €2.90
Current discount Discount to share price of €10.30
= -1 x (€10.30 - €2.90) / €2.90
-255.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of paragon GmbH KGaA is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for paragon GmbH KGaA's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are paragon GmbH KGaA's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PGN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €-2.38
XTRA:PGN Share Price ** XTRA (2020-04-07) in EUR €9.8
Germany Auto Components Industry PE Ratio Median Figure of 9 Publicly-Listed Auto Components Companies 12.05x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of paragon GmbH KGaA.

DB:PGN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:PGN Share Price ÷ EPS (both in EUR)

= 9.8 ÷ -2.38

-4.11x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • paragon GmbH KGaA is loss making, we can't compare its value to the DE Auto Components industry average.
  • paragon GmbH KGaA is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does paragon GmbH KGaA's expected growth come at a high price?
Raw Data
DB:PGN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
96.8%per year
Germany Auto Components Industry PEG Ratio Median Figure of 7 Publicly-Listed Auto Components Companies 0.53x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for paragon GmbH KGaA, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on paragon GmbH KGaA's assets?
Raw Data
DB:PGN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €22.68
XTRA:PGN Share Price * XTRA (2020-04-07) in EUR €9.8
Germany Auto Components Industry PB Ratio Median Figure of 13 Publicly-Listed Auto Components Companies 0.7x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:PGN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:PGN Share Price ÷ Book Value per Share (both in EUR)

= 9.8 ÷ 22.68

0.43x

* Primary Listing of paragon GmbH KGaA.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • paragon GmbH KGaA is good value based on assets compared to the DE Auto Components industry average.
X
Value checks
We assess paragon GmbH KGaA's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. paragon GmbH KGaA has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PGN Future Performance

 How is paragon GmbH KGaA expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
96.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is paragon GmbH KGaA expected to grow at an attractive rate?
  • paragon GmbH KGaA's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • paragon GmbH KGaA's earnings growth is expected to exceed the Germany market average.
  • paragon GmbH KGaA's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:PGN Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PGN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 96.8%
DB:PGN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 11.9%
Germany Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 49.7%
Germany Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:PGN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:PGN Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 263 28 3 4
2020-12-31 231 24 5 5
2020-04-07
2019-12-31 203 -6 5
DB:PGN Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 218 -32 -11
2019-06-30 222 -53 -5
2019-03-31 213 -54 4
2018-12-31 203 -53 2
2018-09-30 179 -42 -2
2018-06-30 166 -39 -2
2018-03-31 150 -16 -1
2017-12-31 141 -10 -1
2017-09-30 130 5 5
2017-06-30 126 14 4
2017-03-31 121 13 4
2016-12-31 118 17 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • paragon GmbH KGaA's earnings are expected to grow significantly at over 20% yearly.
  • paragon GmbH KGaA's revenue is expected to grow by 11.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:PGN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from paragon GmbH KGaA Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PGN Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.37 4.41 -0.15 4.00
2020-12-31 0.62 1.90 -0.32 5.00
2020-04-07
2019-12-31 -1.37 -0.55 -2.45 5.00
DB:PGN Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30 -2.38
2019-06-30 -1.19
2019-03-31 0.83
2018-12-31 0.52
2018-09-30 -0.50
2018-06-30 -0.45
2018-03-31 -0.33
2017-12-31 -0.30
2017-09-30 1.08
2017-06-30 1.01
2017-03-31 0.82
2016-12-31 0.84

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • paragon GmbH KGaA is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess paragon GmbH KGaA's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
paragon GmbH KGaA has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PGN Past Performance

  How has paragon GmbH KGaA performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare paragon GmbH KGaA's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • paragon GmbH KGaA does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare paragon GmbH KGaA's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare paragon GmbH KGaA's 1-year growth to the DE Auto Components industry average as it is not currently profitable.
Earnings and Revenue History
paragon GmbH KGaA's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from paragon GmbH KGaA Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PGN Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 218.44 -10.78 63.15
2019-06-30 222.16 -5.40 60.76
2019-03-31 212.67 3.76 57.43
2018-12-31 203.04 2.33 52.94
2018-09-30 179.22 -2.26 46.14
2018-06-30 165.98 -2.05 42.44
2018-03-31 150.37 -1.48 38.01
2017-12-31 141.21 -1.36 35.97
2017-09-30 130.40 4.89 34.26
2017-06-30 125.81 4.49 32.24
2017-03-31 121.23 3.54 31.07
2016-12-31 118.11 3.56 30.07
2016-09-30 116.89 2.37 29.03
2016-06-30 114.70 2.18 28.69
2016-03-31 111.70 2.73 27.81
2015-12-31 107.74 3.40 27.00
2015-09-30 100.06 4.46 25.46
2015-06-30 93.09 4.31 24.27
2015-03-31 87.27 3.46 23.09
2014-12-31 84.19 2.78 22.21
2014-09-30 80.05 2.35 21.77
2014-06-30 78.23 2.56 21.19
2014-03-31 78.00 3.58 20.84
2013-12-31 75.56 3.95 19.97
2013-09-30 69.82 1.72 19.37
2013-06-30 70.40 2.75 19.11

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if paragon GmbH KGaA has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if paragon GmbH KGaA has efficiently used its assets last year compared to the DE Auto Components industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if paragon GmbH KGaA improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess paragon GmbH KGaA's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
paragon GmbH KGaA has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PGN Health

 How is paragon GmbH KGaA's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up paragon GmbH KGaA's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • paragon GmbH KGaA is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • paragon GmbH KGaA's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of paragon GmbH KGaA's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from paragon GmbH KGaA Company Filings, last reported 6 months ago.

DB:PGN Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 160.41 130.49 5.57
2019-06-30 168.42 132.12 10.07
2019-03-31 179.57 106.28 17.46
2018-12-31 177.80 108.84 41.84
2018-09-30 178.15 93.91 65.14
2018-06-30 176.96 84.56 100.10
2018-03-31 176.57 83.60 128.07
2017-12-31 175.97 83.87 145.83
2017-09-30 35.04 83.01 33.82
2017-06-30 34.69 49.58 8.71
2017-03-31 34.85 48.03 9.12
2016-12-31 34.67 45.97 14.28
2016-09-30 19.12 50.03 4.23
2016-06-30 19.08 50.92 5.74
2016-03-31 19.67 50.50 9.70
2015-12-31 19.40 45.53 8.45
2015-09-30 17.90 42.29 6.58
2015-06-30 17.91 34.38 11.24
2015-03-31 17.79 32.31 9.36
2014-12-31 17.20 27.97 13.26
2014-09-30 14.99 26.65 11.78
2014-06-30 15.23 25.57 15.83
2014-03-31 15.98 24.91 16.15
2013-12-31 15.89 22.09 17.65
2013-09-30 13.34 23.12 17.49
2013-06-30 13.34 14.00 8.64
  • paragon GmbH KGaA's level of debt (81.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (177.6% vs 81.3% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on paragon GmbH KGaA's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess paragon GmbH KGaA's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. paragon GmbH KGaA has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PGN Dividends

 What is paragon GmbH KGaA's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.55%
Current annual income from paragon GmbH KGaA dividends. Estimated to be 3.06% next year.
If you bought €2,000 of paragon GmbH KGaA shares you are expected to receive €51 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • paragon GmbH KGaA's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • paragon GmbH KGaA's dividend is below the markets top 25% of dividend payers in Germany (4.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:PGN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Germany Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 5.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:PGN Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.35 1.00
2020-12-31 0.28 2.00
2020-04-07
2019-12-31 0.25 2.00
DB:PGN Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-01 0.250 1.609
2018-03-13 0.250 0.786
2017-03-27 0.250 0.367
2016-03-03 0.250 0.732
2015-03-12 0.250 1.192
2014-03-05 0.250 1.842
2013-03-15 0.250 2.689
2010-08-12 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, paragon GmbH KGaA has been paying a dividend for less than 10 years.
  • paragon GmbH KGaA has only been paying a dividend for 7 years, and since then there has been no growth.
Current Payout to shareholders
What portion of paragon GmbH KGaA's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess paragon GmbH KGaA's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can paragon GmbH KGaA afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. paragon GmbH KGaA has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PGN Management

 What is the CEO of paragon GmbH KGaA's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Klaus Frers
COMPENSATION €1,182,432
AGE 66
TENURE AS CEO 6 years
CEO Bio

Mr. Klaus Dieter Frers is the Founder and Chairman of the Management Board at paragon GmbH & Co. KGaA (Formerly known as Paragon AG) and has been its Chief Executive Officer since April 1, 2014 and also its Managing Director. Mr. Frers founded Artega GmbH & Co. KG in 2006 and is also its Owner and Chief Executive Officer. He served as Head of Technology, Corporate Development, Sales & Marketing at paragon GmbH & Co. KGaA. In 1988, he founded paragon electronic GmbH and in 1999 paragon AG, in which paragon electronic GmbH merged after going public on the German Stock exchange. He served as the Chief Executive Officer of Voltabox of Texas Inc. He served as the Head of Technology, Corporate Development and Sales & Marketing of paragon GmbH & Co. KGaA. He started the history of the automotive brand Artega with the presentation of the Artega GT at the Geneva Motor Show in 2007. From 1983 to 1987, he was in charge of Nixdorf Computer AG’s electronics manufacturing plant as Production Manager. He also serves as the Chairman of the Board of Voltabox of Texas, Inc. He joined paragon GmbH & Co. KGaA since April 11, 1988. He serves as the Chairman of Supervisory Board at Voltabox AG since August 10, 2017. He received numerous awards for his entrepreneurial activities. In 2000 he was dignified with the “Oskar des Mittelstands”, a highly respected German award for medium-sized enterprises of the Oskar-Patzelt-Foundation. In 2006, he received the nomination as “Entrepreneur of the Year” by Ernst & Young, as well as the distinction as “Premier” of the Oskar-Patzelt-Foundation. In 2010, he received the “Kunststoff-Oscar” by the Society of Plastic Engineers (SPE) Europe for the innovative Belt-Mic. Mr. Frers graduated with a Degree in Mechanical Engineering.

CEO Compensation
  • Klaus's compensation has increased whilst company is loss making.
  • Klaus's remuneration is higher than average for companies of similar size in Germany.
Management Team

Klaus Frers

TITLE
Founder
COMPENSATION
€1M
AGE
66
TENURE
6 yrs

Matthias Schöllmann

TITLE
MD & Member of Management Board
COMPENSATION
€606K
TENURE
1.6 yrs

Oliver Munz

TITLE
Manager of Finance
Board of Directors

Lutz Eckstein

TITLE
Chairman of Supervisory Board
COMPENSATION
€60K
TENURE
5.9 yrs

Hermann-Josef Börnemeier

TITLE
Deputy Chairman of Supervisory Board
COMPENSATION
€30K
AGE
64

Walter Schäfers

TITLE
Member of Supervisory Board
COMPENSATION
€30K
TENURE
9.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess paragon GmbH KGaA's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. paragon GmbH KGaA has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PGN News

Simply Wall St News

PGN Company Info

Description

paragon GmbH & Co. KGaA develops, manufactures, and sells electronic components and sensors for the automotive industry in Germany and internationally. It operates through three segments: Electronics, Mechanics, and Electromobility. The Electronics segment develops and sells sensors, microphones, and instruments primarily for the automotive industry. The Electromobility segment manufactures and sells battery systems and battery management systems for various industries. The Mechanics segment develops and markets electromechanical components for the automotive and mechanical manufacturing industries. The company was founded in 1988 and is headquartered in Delbrück, Germany.

Details
Name: paragon GmbH & Co. KGaA
PGN
Exchange: DB
Founded: 1988
€39,061,675
4,526,266
Website: http://www.paragon.ag
Address: paragon GmbH & Co. KGaA
Artegastrasse 1,
Delbrück,
North Rhine-Westphalia, 33129,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA PGN Bearer Shares XETRA Trading Platform DE EUR 29. Nov 2000
DB PGN Bearer Shares Deutsche Boerse AG DE EUR 29. Nov 2000
LSE 0NFG Bearer Shares London Stock Exchange GB EUR 29. Nov 2000
BATS-CHIXE PGNd Bearer Shares BATS 'Chi-X Europe' GB EUR 29. Nov 2000
ETLX PGN Bearer Shares Eurotlx IT EUR 29. Nov 2000
Number of employees
Current staff
Staff numbers
1,057
paragon GmbH KGaA employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 20:49
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/13
Last earnings filing: 2019/11/13
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.