ENXTPA:PARRO

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: PARRO has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.1%

PARRO

2.4%

FR Communications

0.7%

FR Market


1 Year Return

-13.0%

PARRO

13.7%

FR Communications

20.6%

FR Market

Return vs Industry: PARRO underperformed the French Communications industry which returned 13.7% over the past year.

Return vs Market: PARRO underperformed the French Market which returned 20.6% over the past year.


Shareholder returns

PARROIndustryMarket
7 Day-3.1%2.4%0.7%
30 Day-3.1%2.6%0.3%
90 Day-12.4%7.9%3.9%
1 Year-13.0%-13.0%13.8%13.7%24.9%20.6%
3 Year-70.3%-73.0%-30.0%-34.9%41.9%28.2%
5 Year-79.1%-85.9%-24.1%-43.9%71.6%47.1%

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

Valuation

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

0.55x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PARRO is good value based on its PB Ratio (0.6x) compared to the FR Communications industry average (1.5x).


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: PARRO is forecast to remain unprofitable over the next 3 years.

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

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

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

High Growth Revenue: PARRO'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: PARRO 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: PARRO is currently unprofitable.

Growing Profit Margin: PARRO is currently unprofitable.


Past Earnings Growth Analysis

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

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

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


Return on Equity

High ROE: PARRO 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: PARRO's short term assets (€189.3M) exceed its short term liabilities (€45.4M).

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


Debt to Equity History and Analysis

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

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


Balance Sheet

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

Debt Coverage by Assets: PARRO'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: PARRO has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: PARRO has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 19.7% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%4.6%industryaverage3.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate PARRO'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 PARRO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PARRO'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 PARRO's dividend in 3 years as they are not forecast to pay a notable one for the French market.


Next Steps

Management

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

11.3yrs

Average management tenure


CEO

Henri Seydoux (58yo)

25.9yrs

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 serves as Director at SIGFOX SA. Mr. Seydoux founded and Chief Executive  ...


CEO Compensation Analysis

Compensation vs Market: Henri's total compensation ($USD0.00) is below average for companies of similar size in the French market ($USD320.36K).

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


Management Age and Tenure

11.3yrs

Average Tenure

Experienced Management: PARRO's management team is seasoned and experienced (11.3 years average tenure).


Board Age and Tenure

8.6yrs

Average Tenure

56.5yo

Average Age

Experienced Board: PARRO's board of directors are considered experienced (8.6 years average tenure).


Insider Trading

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


Recent Insider Transactions

Sell€3,099,35117 Apr 19
Oddo Bhf Asset Management SAS
EntityCompany
Shares968,547
Max Price€3.20
Buy€39,62912 Apr 19
Oddo Bhf Asset Management SAS
EntityCompany
Shares12,423
Max Price€3.19
Buy€39,82410 Apr 19
Oddo Bhf Asset Management SAS
EntityCompany
Shares12,484
Max Price€3.19
Buy€42,66909 Apr 19
Oddo Bhf Asset Management SAS
EntityCompany
Shares13,376
Max Price€3.19
Buy€100,60605 Apr 19
Oddo Bhf Asset Management SAS
EntityCompany
Shares31,538
Max Price€3.19
Buy€3,88503 Apr 19
Oddo Bhf Asset Management SAS
EntityCompany
Shares1,218
Max Price€3.19
Buy€12,87502 Apr 19
Oddo Bhf Asset Management SAS
EntityCompany
Shares4,036
Max Price€3.19
Buy€9,89901 Apr 19
Oddo Bhf Asset Management SAS
EntityCompany
Shares3,103
Max Price€3.19
Buy€34,85729 Mar 19
Oddo Bhf Asset Management SAS
EntityCompany
Shares10,927
Max Price€3.19
Buy€13,87328 Mar 19
Oddo Bhf Asset Management SAS
EntityCompany
Shares4,349
Max Price€3.19
Buy€15,53527 Mar 19
Oddo Bhf Asset Management SAS
EntityCompany
Shares4,870
Max Price€3.19
Buy€67,01926 Mar 19
Oddo Bhf Asset Management SAS
EntityCompany
Shares21,009
Max Price€3.19
Buy€7,39425 Mar 19
Oddo Bhf Asset Management SAS
EntityCompany
Shares2,318
Max Price€3.19
Buy€13,28622 Mar 19
Oddo Bhf Asset Management SAS
EntityCompany
Shares4,165
Max Price€3.19
Buy€38,83821 Mar 19
Oddo Bhf Asset Management SAS
EntityCompany
Shares12,175
Max Price€3.19
Buy€14,76720 Mar 19
Oddo Bhf Asset Management SAS
EntityCompany
Shares4,629
Max Price€3.19
Buy€74,90819 Mar 19
Oddo Bhf Asset Management SAS
EntityCompany
Shares23,482
Max Price€3.19
Buy€108,99318 Feb 19
Oddo Bhf Asset Management SAS
EntityCompany
Shares34,167
Max Price€3.19
Buy€54,80115 Feb 19
Oddo Bhf Asset Management SAS
EntityCompany
Shares17,179
Max Price€3.19
Buy€1,182,68313 Feb 19
Oddo Bhf Asset Management SAS
EntityCompany
Shares370,747
Max Price€3.19
Buy€32,98112 Feb 19
Oddo Bhf Asset Management SAS
EntityCompany
Shares10,339
Max Price€3.19
Buy€2,75020 Dec 18
Moneta Asset Management
EntityCompany
Shares846
Max Price€3.25
Buy€37,46420 Dec 18
Moneta Asset Management
EntityCompany
Shares11,492
Max Price€3.26
Buy€162,50018 Dec 18
Moneta Asset Management
EntityCompany
Shares50,000
Max Price€3.25

Ownership Breakdown

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


Management Team

  • Henri Seydoux (58yo)

    Founder

    • Tenure: 25.9yrs
    • Compensation: €585.00k
  • Gilles Labossiere (58yo)

    Executive VP & COO

    • Tenure: 0yrs
    • Compensation: €629.49k
  • Chris Roberts

    Chief Sales & Marketing Officer

    • Tenure: 0yrs
  • Elise Thebault

    Chief Industrial

    • Tenure: 19.9yrs
  • Thai-Binh Phan

    Head of Digital Services - Drones

    • Tenure: 0yrs
  • Ludovic Floret

    Group General Counsel

    • Tenure: 2.6yrs
  • Olivier Maury

    Group Chief Financial Officer

    • Tenure: 0yrs
  • Pierre-Elie Fort

    Human Resources Director

    • Tenure: 0.9yrs

Board Members

  • Henri Seydoux (58yo)

    Founder

    • Tenure: 25.9yrs
    • Compensation: €585.00k
  • Marie Ekeland (43yo)

    Independent Director

    • Tenure: 5.5yrs
    • Compensation: €25.00k
  • Geoffroy Roux de Bézieux (57yo)

    Independent Director

    • Tenure: 13.3yrs
    • Compensation: €40.00k
  • Stéphane Marie (55yo)

    Independent Director

    • Tenure: 10.5yrs
    • Compensation: €40.00k
  • Jean-Marie Painvin (67yo)

    Director

    • Tenure: 25.9yrs
    • Compensation: €25.00k
  • Agnès Bureau-Mirat (56yo)

    Independent Director

    • Tenure: 2.5yrs
    • Compensation: €6.25k
  • Paul-François Fournier (51yo)

    Director

    • Tenure: 3.5yrs
    • Compensation: €40.00k
  • Natalie Rastoin (59yo)

    Independent Director

    • Tenure: 8.6yrs
    • Compensation: €25.00k
  • Isabelle Carrère

    Independent Director

    • Tenure: 0.5yrs

Company Information

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


Key Information

  • Name: Parrot S.A.
  • Ticker: PARRO
  • Exchange: ENXTPA
  • Founded: 1994
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: €83.888m
  • 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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/13 20:35
End of Day Share Price2019/12/13 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.