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Pargesa Holding

DB:PGH1
Snowflake Description

Mediocre balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PGH1
DB
CHF6B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Pargesa Holding SA operates in various industry and services sectors in Switzerland, Europe, North America, Asia, Oceania, and internationally. The last earnings update was 41 days ago. More info.


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PGH1 Share Price and Events
7 Day Returns
0%
DB:PGH1
-3.1%
DE Diversified Financial
-0.6%
DE Market
1 Year Returns
-2%
DB:PGH1
-19.5%
DE Diversified Financial
-5.5%
DE Market
PGH1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pargesa Holding (PGH1) 0% 0% 0.2% -2% 9.8% 6.9%
DE Diversified Financial -3.1% -2.7% -12.8% -19.5% 51.3% 269.5%
DE Market -0.6% 4.9% 0.9% -5.5% 7.9% 14.2%
1 Year Return vs Industry and Market
  • PGH1 outperformed the Diversified Financial industry which returned -19.5% over the past year.
  • PGH1 outperformed the Market in Germany which returned -5.5% over the past year.
Price Volatility
PGH1
Industry
5yr Volatility vs Market

PGH1 Value

 Is Pargesa Holding 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 Pargesa Holding 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 Pargesa Holding.

DB:PGH1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= CHF103.49 * 3.9%
CHF4.07
Book Value of Equity per Share Median Book Value from the past 5 years. CHF103.49
Discount Rate (Cost of Equity) See below 7.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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:PGH1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.718 (1 + (1- 18%) (90.12%))
1.166
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.17
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.166 * 5.96%)
7.18%

Discounted Cash Flow Calculation for DB:PGH1 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Pargesa Holding is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:PGH1 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (3.9% – 7.18%) * CHF103.49)
CHF-3.36
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CHF-3.36 / (7.18% - 0.23%)
CHF-48.32
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CHF103.49 + CHF-48.32
CHF55.18
DB:PGH1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:PGH1 represents 0.8929x of SWX:PARG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.8929x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CHF) x Listing Adjustment Factor
= CHF 55.18 x 0.8929
€49.27
Value per share (EUR) From above. €49.27
Current discount Discount to share price of €66.70
= -1 x (€66.70 - €49.27) / €49.27
-35.4%

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

  • The current share price of Pargesa Holding 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 Pargesa Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pargesa Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PGH1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CHF CHF-5.88
SWX:PARG Share Price ** SWX (2019-06-28) in CHF CHF74.7
Germany Diversified Financial Industry PE Ratio Median Figure of 6 Publicly-Listed Diversified Financial Companies 26.67x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 20.29x

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

** Primary Listing of Pargesa Holding.

DB:PGH1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SWX:PARG Share Price ÷ EPS (both in CHF)

= 74.7 ÷ -5.88

-12.71x

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

  • Pargesa Holding is loss making, we can't compare its value to the DE Diversified Financial industry average.
  • Pargesa Holding is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Pargesa Holding's expected growth come at a high price?
Raw Data
DB:PGH1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -12.71x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
53.3%per year
Europe Diversified Financial Industry PEG Ratio Median Figure of 13 Publicly-Listed Diversified Financial Companies 1.82x
Germany Market PEG Ratio Median Figure of 266 Publicly-Listed Companies 1.42x

*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 Pargesa Holding, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Pargesa Holding's assets?
Raw Data
DB:PGH1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CHF CHF117.15
SWX:PARG Share Price * SWX (2019-06-28) in CHF CHF74.7
Germany Diversified Financial Industry PB Ratio Median Figure of 9 Publicly-Listed Diversified Financial Companies 3.2x
Germany Market PB Ratio Median Figure of 596 Publicly-Listed Companies 1.72x
DB:PGH1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SWX:PARG Share Price ÷ Book Value per Share (both in CHF)

= 74.7 ÷ 117.15

0.64x

* Primary Listing of Pargesa Holding.

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

  • Pargesa Holding is good value based on assets compared to the DE Diversified Financial industry average.
X
Value checks
We assess Pargesa Holding'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 Diversified Financial 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 Diversified Financial industry average (and greater than 0)? (1 check)
  5. Pargesa Holding 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.

PGH1 Future Performance

 How is Pargesa Holding expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
53.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pargesa Holding expected to grow at an attractive rate?
  • Pargesa Holding's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Pargesa Holding's earnings growth is expected to exceed the Germany market average.
  • Pargesa Holding's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:PGH1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PGH1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 53.3%
DB:PGH1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 3.7%
Germany Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 17.3%
Europe Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 0.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*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:PGH1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:PGH1 Future Estimates Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 6,557 357 1
2020-12-31 6,430 604 323 1
2019-12-31 6,213 566 303 1
2019-09-25
DB:PGH1 Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2019-06-30 5,944 893 -498
2019-03-31 6,037 -497
2018-12-31 6,008 1,148 -549
2018-09-30 6,369 282
2018-06-30 5,739 1,088 266
2018-03-31 5,716 318
2017-12-31 5,143 1,171 307
2017-09-30 5,187 630
2017-06-30 4,859 1,001 545
2017-03-31 4,977 464
2016-12-31 4,940 860 -32
2016-09-30 4,884 -190

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pargesa Holding's earnings are expected to grow significantly at over 20% yearly.
  • Pargesa Holding's revenue is expected to grow by 3.7% 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:PGH1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Pargesa Holding Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PGH1 Future Estimates Data
Date (Data in CHF Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 4.36 4.36 4.36 1.00
2020-12-31 3.81 4.04 3.58 2.00
2019-12-31 3.58 3.79 3.36 2.00
2019-09-25
DB:PGH1 Past Financials Data
Date (Data in CHF Millions) EPS *
2019-06-30 -5.88
2019-03-31 -5.87
2018-12-31 -6.48
2018-09-30 3.33
2018-06-30 3.14
2018-03-31 3.76
2017-12-31 3.63
2017-09-30 7.44
2017-06-30 6.44
2017-03-31 5.48
2016-12-31 -0.38
2016-09-30 -2.24

*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.
  • Pargesa Holding is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Pargesa Holding'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 Europe 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.
Pargesa Holding has a total score of 3/6, 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.

PGH1 Past Performance

  How has Pargesa Holding 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 Pargesa Holding's growth in the last year to its industry (Diversified Financial).
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.
  • Pargesa Holding does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Pargesa Holding's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Pargesa Holding's 1-year growth to the Europe Diversified Financial industry average as it is not currently profitable.
Earnings and Revenue History
Pargesa Holding'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 Pargesa Holding Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PGH1 Past Revenue, Cash Flow and Net Income Data
Date (Data in CHF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 5,944.00 -497.90 1,404.40
2019-03-31 6,037.20 -497.30 1,415.30
2018-12-31 6,007.50 -548.70 1,415.30
2018-09-30 6,369.40 281.90 1,287.20
2018-06-30 5,738.70 265.70 1,362.50
2018-03-31 5,715.80 318.00 1,287.20
2017-12-31 5,143.10 307.30 1,223.80
2017-09-30 5,186.90 630.10 1,099.80
2017-06-30 4,859.00 545.30 1,127.90
2017-03-31 4,977.10 463.90 1,099.80
2016-12-31 4,940.00 -32.00 1,099.80
2016-09-30 4,883.70 -189.70 1,049.50
2016-06-30 4,865.10 -121.60 1,086.80
2016-03-31 4,792.70 180.20 1,049.50
2015-12-31 4,687.60 638.20 1,049.50
2015-09-30 4,701.50 626.30 1,012.40
2015-06-30 4,698.60 657.50 1,005.00
2015-03-31 4,726.00 675.80 1,012.40
2014-12-31 4,759.00 636.90 1,012.40
2014-09-30 4,778.30 742.20 1,012.80
2014-06-30 4,736.10 662.20 1,003.90
2014-03-31 4,736.70 502.70 1,012.80
2013-12-31 4,806.80 393.90 1,012.80
2013-09-30 4,757.20 47.10 1,026.50
2013-06-30 4,841.80 108.00 1,039.70
2013-03-31 4,886.40 94.40 1,026.50
2012-12-31 4,915.40 405.20 1,029.10
2012-09-30 4,985.30 595.10 926.40

*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.
  • Pargesa Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • It is difficult to establish if Pargesa Holding has efficiently used its assets last year compared to the DE Diversified Financial industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Pargesa Holding 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 Pargesa Holding'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 Diversified Financial 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.
Pargesa Holding 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.

PGH1 Health

 How is Pargesa Holding'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 Pargesa Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pargesa Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Pargesa Holding's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Pargesa Holding'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.9x 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 Pargesa Holding Company Filings, last reported 2 months ago.

DB:PGH1 Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 21,722.90 5,238.10 2,364.10
2019-03-31 19,870.70 4,506.70 1,574.80
2018-12-31 19,870.70 4,504.80 1,574.80
2018-09-30 21,595.00 5,648.60 1,752.70
2018-06-30 21,595.00 5,648.60 1,752.70
2018-03-31 20,943.50 5,065.60 1,375.20
2017-12-31 20,943.50 5,063.50 1,375.20
2017-09-30 18,736.30 4,538.80 2,334.50
2017-06-30 18,736.30 4,538.80 2,334.50
2017-03-31 17,493.10 4,323.00 2,502.70
2016-12-31 17,493.10 4,321.00 2,502.70
2016-09-30 15,842.50 5,478.10 2,529.50
2016-06-30 15,842.50 5,478.10 2,529.50
2016-03-31 15,669.90 4,851.70 1,994.60
2015-12-31 15,669.90 4,848.80 1,994.60
2015-09-30 15,840.30 4,699.30 1,728.30
2015-06-30 15,840.30 4,699.30 1,728.30
2015-03-31 17,040.90 4,703.00 3,040.60
2014-12-31 17,040.90 4,699.70 3,040.60
2014-09-30 17,509.00 4,302.20 2,453.60
2014-06-30 17,509.00 4,302.20 2,453.60
2014-03-31 16,639.60 5,239.50 2,756.50
2013-12-31 16,639.60 5,236.30 2,756.50
2013-09-30 15,592.50 5,155.40 2,171.30
2013-06-30 15,592.50 5,155.40 2,171.30
2013-03-31 16,017.60 4,026.00 2,544.10
2012-12-31 15,999.30 4,022.50 2,544.10
2012-09-30 15,789.90 4,346.40 2,541.70
  • Pargesa Holding's level of debt (24.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (24.6% vs 24.1% today).
  • Debt is not well covered by operating cash flow (17.1%, less than 20% of total debt).
  • Pargesa Holding is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Pargesa Holding'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. Pargesa Holding 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.

PGH1 Dividends

 What is Pargesa Holding'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
3.43%
Current annual income from Pargesa Holding dividends. Estimated to be 3.58% next year.
If you bought €2,000 of Pargesa Holding shares you are expected to receive €69 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?
  • Pargesa Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.4%).
  • Pargesa Holding's dividend is below the markets top 25% of dividend payers in Germany (3.93%).
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:PGH1 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 1 Analyst Estimates (S&P Global) See Below
Europe Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 335 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:PGH1 Future Dividends Estimate Data
Date (Data in CHF) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 2.73 2.00
2020-12-31 2.68 2.00
2019-12-31 2.61 2.00
2019-09-25
DB:PGH1 Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2019-04-08 2.560 3.419
2019-03-14 2.560 3.232
2018-04-11 2.500 3.167
2018-03-15 2.500 2.949
2017-04-25 2.440 3.052
2017-03-17 2.440 3.433
2016-03-18 2.380 3.633
2015-03-18 2.270 3.628
2014-03-12 2.640 3.497
2013-04-08 2.570 3.752
2013-03-05 2.570 3.920
2012-07-30 1.670 2.616
2012-04-19 2.570 4.561
2012-03-06 2.570 3.997
2011-03-18 2.720 3.923
2011-03-03 2.720 3.264
2010-01-04 2.720 3.403
2009-01-05 2.620 3.520

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Pargesa Holding'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 (1.4x coverage).
X
Income/ dividend checks
We assess Pargesa Holding'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 Pargesa Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pargesa Holding 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.

PGH1 Management

 What is the CEO of Pargesa Holding'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.
  • Pargesa Holding has no CEO, or we have no data on them.
Management Team Tenure

Average tenure of the Pargesa Holding management team in years:

1.7
Average Tenure
  • The average tenure for the Pargesa Holding management team is less than 2 years, this suggests a new team.
Management Team

Mark Keller

TITLE
Financial Director
COMPENSATION
CHF615K
AGE
56
TENURE
3.2 yrs

Mariane Bourdiec

TITLE
Managing Director
COMPENSATION
CHF258K
TENURE
0.9 yrs

Jacques Wicht

TITLE
Chief Accountant
TENURE
1.7 yrs
Board of Directors Tenure

Average tenure and age of the Pargesa Holding board of directors in years:

8.7
Average Tenure
65.5
Average Age
  • The tenure for the Pargesa Holding board of directors is about average.
Board of Directors

Paul Desmarais

TITLE
Chairman
COMPENSATION
CHF3M
AGE
65
TENURE
6.7 yrs

Gérald Frère

TITLE
Vice-Chairman
COMPENSATION
CHF2M
AGE
68
TENURE
17.7 yrs

André Desmarais

TITLE
Vice-Chairman
COMPENSATION
CHF184K
AGE
62
TENURE
6.7 yrs

Jocelyn Lefebvre

TITLE
Vice Chairman
COMPENSATION
CHF198K
AGE
62

Gérald Frere

TITLE
Deputy Chairman
TENURE
0.7 yrs

Bernard Daniel

TITLE
Non-Executive Director
COMPENSATION
CHF121K
AGE
75
TENURE
8.7 yrs

Jean-Luc Herbez

TITLE
Director
COMPENSATION
CHF121K
TENURE
3.3 yrs

Amaury-Daniel de Seze

TITLE
Non-Executive Director
COMPENSATION
CHF238K
AGE
73
TENURE
18.7 yrs

Ségolène Gallienne

TITLE
Non-Executive Director
COMPENSATION
CHF156K
AGE
42
TENURE
15.7 yrs

Victor Delloye

TITLE
Non-Executive Director
COMPENSATION
CHF248K
AGE
66
TENURE
15.7 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 Pargesa Holding'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. Pargesa Holding 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.

PGH1 News

Simply Wall St News

PGH1 Company Info

Description

Pargesa Holding SA operates in various industry and services sectors in Switzerland, Europe, North America, Asia, Oceania, and internationally. The company operates in two segments, Holdings and Imerys. It offers functional additives used in construction and paper production; monolithic refractories for high-temperature industries, such as steelmaking, casting, petrochemicals, glass, cement, etc.; and mineral specialties for mobile energy, electronics, and unconventional oil exploration. The company also provides mineral agents for the filtration of food liquids; and mineral specialties for plastics, paints, polymers, and paper used for construction, consumer goods, and durable goods. In addition, it offers clay roof tiles, as well as minerals for tiles, sanitary ware, tableware, technical ceramics, paints, plastics, and paper. Further, the company provides fused minerals for abrasives; and minerals for refractories used in high temperature industries comprising steelmaking, casting, energy generating, etc. The company was founded in 1958 and is headquartered in Geneva, Switzerland. Pargesa Holding SA operates as a subsidiary of Parjointco NV.

Details
Name: Pargesa Holding SA
PGH1
Exchange: DB
Founded: 1958
CHF5,834,429,109
84,701,370
Website: http://www.pargesa.ch
Address: Pargesa Holding SA
Grand-Rue 11,
Geneva,
Geneva, 1204,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX PARG Bearer Shares SIX Swiss Exchange CH CHF 02. Jan 1992
OTCPK PRGA.F Bearer Shares Pink Sheets LLC US USD 02. Jan 1992
DB PGH1 Bearer Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0QOR Bearer Shares London Stock Exchange GB CHF 02. Jan 1992
Number of employees
Current staff
Staff numbers
0
Pargesa Holding employees.
Industry
Multi-Sector Holdings
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/25 21:05
End of day share price update: 2019/06/28 00:00
Last estimates confirmation: 2019/08/06
Last earnings filing: 2019/08/15
Last earnings reported: 2019/06/30
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.