DB:P2W

Stock Analysis Report

Executive Summary

Parrot S.A. creates, develops, and markets consumer technology products for smartphones and tablets worldwide.


Snowflake Analysis

Flawless balance sheet and overvalued.


Similar Companies

Share Price & News

How has Parrot's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: P2W has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.0%

P2W

2.6%

DE Communications

2.0%

DE Market


1 Year Return

-2.2%

P2W

11.2%

DE Communications

15.1%

DE Market

Return vs Industry: P2W underperformed the German Communications industry which returned 11.5% over the past year.

Return vs Market: P2W underperformed the German Market which returned 15% over the past year.


Shareholder returns

P2WIndustryMarket
7 Day-2.0%2.6%2.0%
30 Day13.4%2.5%1.0%
90 Day3.1%-4.2%3.8%
1 Year-2.2%-2.2%11.8%11.2%18.6%15.1%
3 Year-58.1%-62.0%1.8%1.5%16.8%6.6%
5 Year-76.7%-84.4%107.2%106.8%23.7%6.7%

Price Volatility Vs. Market

How volatile is Parrot's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Parrot undervalued compared to its fair value and its price relative to the market?

0.62x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate P2W's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate P2W's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: P2W is unprofitable, so we can't compare its PE Ratio to the Communications industry average.

PE vs Market: P2W is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate P2W's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: P2W is good value based on its PB Ratio (0.6x) compared to the DE Communications industry average (3.1x).


Next Steps

Future Growth

How is Parrot forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

67.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: P2W is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: P2W is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: P2W is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: P2W's revenue is expected to decline over the next 3 years (-0.1% per year).

High Growth Revenue: P2W's revenue is forecast to decline over the next 3 years (-0.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: P2W is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Parrot performed over the past 5 years?

-39.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: P2W is currently unprofitable.

Growing Profit Margin: P2W is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: P2W is unprofitable, and losses have increased over the past 5 years at a rate of -39.9% per year.

Accelerating Growth: Unable to compare P2W's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: P2W is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (49.1%).


Return on Equity

High ROE: P2W has a negative Return on Equity (-62.13%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Parrot's financial position?


Financial Position Analysis

Short Term Liabilities: P2W's short term assets (€189.3M) exceed its short term liabilities (€45.4M).

Long Term Liabilities: P2W's short term assets (€189.3M) exceed its long term liabilities (€17.4M).


Debt to Equity History and Analysis

Debt Level: P2W's debt to equity ratio (0.8%) is considered satisfactory.

Reducing Debt: P2W's debt to equity ratio has reduced from 12.2% to 0.8% over the past 5 years.


Balance Sheet

Inventory Level: P2W has a low level of unsold assets or inventory.

Debt Coverage by Assets: P2W's debt is covered by short term assets (assets are 162.5x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: P2W has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: P2W has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -32.9% each year


Next Steps

Dividend

What is Parrot's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.3%markettop25%3.6%industryaverage1.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate P2W's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate P2W's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if P2W's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if P2W's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of P2W's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

11.4yrs

Average management tenure


CEO

Henri Seydoux (58yo)

26.1yrs

Tenure

€585,000

Compensation

Mr. Henri Seydoux is the Founder of Parrot, Inc. and has been its Chairman and Chief Executive Officer since June 2003. Mr. Seydoux has been Founder, Chairman and Chief Executive Officer at Parrot S.A. sin ...


CEO Compensation Analysis

Compensation vs Market: Henri's total compensation ($USD0.00) is below average for companies of similar size in the German market ($USD412.37K).

Compensation vs Earnings: Henri's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Henri Seydoux
Founder26.1yrs€585.00k63.42% 59.6m
Gilles Labossiere
Executive VP & COO0yrs€629.49k0.097% 91.5k
Olivier Maury
Group Chief Financial Officer0yrsno datano data
Ludovic Floret
Group General Counsel2.8yrsno datano data
Chris Roberts
Chief Sales & Marketing Officer0yrsno datano data
Pierre-Elie Fort
Human Resources Director1.1yrsno datano data
Elise Thebault
Chief Industrial20.1yrsno datano data

11.4yrs

Average Tenure

Experienced Management: P2W's management team is seasoned and experienced (11.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Henri Seydoux
Founder26.1yrs€585.00k63.42% 59.6m
Marie Ekeland
Independent Director5.7yrs€25.00k0.000090% 84.6
Geoffroy Roux de Bézieux
Independent Director13.4yrs€40.00kno data
Stéphane Marie
Independent Director10.7yrs€40.00kno data
Jean-Marie Painvin
Director26.1yrs€25.00k0.00034% 319.6
Agnès Bureau-Mirat
Independent Director2.7yrs€6.25k0.00067% 629.8
Paul-François Fournier
Director3.7yrs€40.00kno data
Natalie Rastoin
Independent Director8.8yrs€25.00k0.018% 16.9k
Isabelle Carrère
Independent Director0.7yrsno datano data

8.8yrs

Average Tenure

56.5yo

Average Age

Experienced Board: P2W's board of directors are considered experienced (8.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Parrot S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Parrot S.A.
  • Ticker: P2W
  • Exchange: DB
  • Founded: 1994
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: €94.003m
  • Shares outstanding: 29.75m
  • Website: https://www.parrot.com

Number of Employees


Location

  • Parrot S.A.
  • 174-178, quai de Jemmapes
  • Paris
  • Ile-de-France
  • 75010
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PARROENXTPA (Euronext Paris)YesOrdinary SharesFREURJun 2006
0OPYLSE (London Stock Exchange)YesOrdinary SharesGBEURJun 2006
PAOT.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 2006
P2WDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2006
PARROPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJun 2006

Biography

Parrot S.A. creates, develops, and markets consumer technology products for smartphones and tablets worldwide. It offers consumer drones, including mini, AR, and bebop drones; commercial drones; hands-free communication and infotainment systems for vehicles; audio products and connected devices; and recreational drones and solutions for professionals comprising drones to sensors, including piloting and data processing software, analysis, and recommendations. The company sells its products through retail distribution networks and online, as well as directly to manufacturers and their OEM suppliers. Parrot S.A. was founded in 1994 and is headquartered in Paris, France. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 21:41
End of Day Share Price2020/02/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.