May 06, 2017


We feel like a Sitting Duck on the markets.

“It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait.” – Charlie Munger
PGN.DE (ISIN: DE0005558696)

Paragon AG is a Germany-based technology company that develops, manufactures and sells solutions for automotive industry. It offers electrical, electronic and electromechanical components, devices and systems, with focus on automotive interiors and sensors.

Market: Frankfurt

Gain over the last quarter: +37 % 

Fair value: 57 €
Discount: N/A
Average yearly return: 44%

On March 27, 2017 Paragon AG: Once again grows faster than the market in 2016 and targets further acceleration FY consolidated revenue up 8.2 percent to 102.8 million euros FY EBITDA rises particularly strongly to 16.1 million euros Forecast for 2017: revenue of 120 to 125 million euros - with an EBIT margin of 9.0 to 9.5 percent and 27 million euros in investments FY EBIT margin now at 8.7 percent FY EBIT increased 14.4 percent to 8.9 million euros (prior year: 7.8 million euros) FY earnings before taxes (EBT) managed to increase to 5.8 million euros (prior year: 5.0 million euros) Management board expects to see an investment volume of around 27 million euros in current year