paragon - It’s electrifying

paragon’s continued strong growth is driven by the Electromobility division (Voltabox) and the smaller Mechanics division. With the Electronics division transitioning to a new generation of products that should return the division to double-digit growth in the medium term, paragon remains a high-growth technology innovator. Following the flotation of Voltabox in Q417 and the recent change of legal structure, paragon’s rating appears to have undergone an unwarranted decline. Our capped DCF value stands at €98 per share.