NasdaqGS:PAXCapital Markets
Patria Investments (PAX): $67.4M One-Off Loss Challenges Growth Premium and Bullish Narratives
Patria Investments (PAX) reported a net profit margin of 21.2%, down from last year’s 26%, and earnings growth of 3.2% in the latest year, despite a flat longer-term track record. The consensus expects profit to expand by 30.5% annually over the next three years, while revenue is forecast to grow at 13.5% per year, outpacing the US market average of 10.5%. Shares currently trade above estimated fair value at $15.2 versus $10.9, and a hefty Price-to-Earnings ratio of 28.8x points to a lot of...