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PSHD

Pershing Square HoldingsLSE:PSHD Stock Report

Last Price

US$39.13

Market Cap

US$7.8b

7D

-2.7%

1Y

7.0%

Updated

20 Jan, 2022

Data

Company Financials +
PSHD fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends2/6

PSHD Stock Overview

Pershing Square Holdings, Ltd. is a closed-ended balanced hedge fund launched and managed by Pershing Square Capital Management, L.P.

Price History & Performance

Summary of all time highs, changes and price drops for Pershing Square Holdings
Historical stock prices
Current Share PriceUS$39.13
52 Week HighUS$41.50
52 Week LowUS$32.70
Beta0.95
1 Month Change-2.13%
3 Month Change-2.67%
1 Year Change6.97%
3 Year Change163.47%
5 Year Changen/a
Change since IPO180.19%

Recent News & Updates

Shareholder Returns

PSHDGB Capital MarketsGB Market
7D-2.7%-1.4%-1.0%
1Y7.0%-3.0%8.3%

Return vs Industry: PSHD exceeded the UK Capital Markets industry which returned -3% over the past year.

Return vs Market: PSHD underperformed the UK Market which returned 8.3% over the past year.

Price Volatility

Is PSHD's price volatile compared to industry and market?
PSHD volatility
PSHD Average Weekly Movement3.0%
Capital Markets Industry Average Movement4.1%
Market Average Movement5.0%
10% most volatile stocks in GB Market10.7%
10% least volatile stocks in GB Market2.5%

Stable Share Price: PSHD is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: PSHD's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2012n/an/ahttps://www.pershingsquareholdings.com

Pershing Square Holdings, Ltd. is a closed-ended balanced hedge fund launched and managed by Pershing Square Capital Management, L.P. It invests in public equity and fixed income markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors.

Pershing Square Holdings Fundamentals Summary

How do Pershing Square Holdings's earnings and revenue compare to its market cap?
PSHD fundamental statistics
Market CapUS$7.76b
Earnings (TTM)US$2.86b
Revenue (TTM)US$3.74b

2.7x

P/E Ratio

2.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PSHD income statement (TTM)
RevenueUS$3.74b
Cost of RevenueUS$0
Gross ProfitUS$3.74b
ExpensesUS$885.14m
EarningsUS$2.86b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)14.36
Gross Margin100.00%
Net Profit Margin76.36%
Debt/Equity Ratio22.0%

How did PSHD perform over the long term?

See historical performance and comparison

Dividends

1.0%

Current Dividend Yield

3%

Payout Ratio

Valuation

Is Pershing Square Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PSHD ($39.13) is trading below our estimate of fair value ($172.53)

Significantly Below Fair Value: PSHD is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PSHD is good value based on its PE Ratio (2.7x) compared to the UK Capital Markets industry average (11x).

PE vs Market: PSHD is good value based on its PE Ratio (2.7x) compared to the UK market (19.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PSHD is good value based on its PB Ratio (0.8x) compared to the GB Capital Markets industry average (1.6x).

Future Growth

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

9.0%

Forecasted Diversified Financials industry annual growth in earnings


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if PSHD's forecast earnings growth is above the savings rate (0.9%).

Earnings vs Market: Insufficient data to determine if PSHD's earnings are forecast to grow faster than the UK market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if PSHD's revenue is forecast to grow faster than the UK market.

High Growth Revenue: Insufficient data to determine if PSHD's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PSHD's Return on Equity is forecast to be low in 3 years time (4.9%).

Past Performance

How has Pershing Square Holdings performed over the past 5 years?

73.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PSHD has high quality earnings.

Growing Profit Margin: PSHD's current net profit margins (76.4%) are lower than last year (78.8%).


Past Earnings Growth Analysis

Earnings Trend: PSHD has become profitable over the past 5 years, growing earnings by 73.8% per year.

Accelerating Growth: PSHD's earnings growth over the past year (49.4%) is below its 5-year average (73.8% per year).

Earnings vs Industry: PSHD earnings growth over the past year (49.4%) underperformed the Capital Markets industry 66.7%.


Return on Equity

High ROE: PSHD's Return on Equity (29.6%) is considered high.

Financial Health

How is Pershing Square Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: PSHD's short term assets ($12.4B) exceed its short term liabilities ($516.4M).

Long Term Liabilities: PSHD's short term assets ($12.4B) exceed its long term liabilities ($2.2B).


Debt to Equity History and Analysis

Debt Level: PSHD has more cash than its total debt.

Reducing Debt: PSHD's debt to equity ratio has reduced from 25.5% to 22% over the past 5 years.

Debt Coverage: PSHD's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: PSHD's interest payments on its debt are well covered by EBIT (32.2x coverage).


Balance Sheet

Dividend

What is Pershing Square Holdings's current dividend yield, its reliability and sustainability?

1.03%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PSHD's dividend (1.03%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.39%).

High Dividend: PSHD's dividend (1.03%) is low compared to the top 25% of dividend payers in the UK market (4.04%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, PSHD has been paying a dividend for less than 10 years.

Growing Dividend: PSHD has only been paying a dividend for 3 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (2.7%), PSHD's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PSHD's dividends in 3 years are forecast to be well covered by earnings (15% payout ratio).

Management

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

9.8yrs

Average board tenure


CEO

Pershing Square Holdings has no CEO, or we have no data on them.


Board Members

Experienced Board: PSHD's board of directors are considered experienced (9.8 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 been diluted in the past year, with total shares outstanding growing by 3.2%.


Top Shareholders

Company Information

Pershing Square Holdings, Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Pershing Square Holdings, Ltd.
  • Ticker: PSHD
  • Exchange: LSE
  • Founded: 2012
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: US$7.756b
  • Shares outstanding: 199.12m
  • Website: https://www.pershingsquareholdings.com

Location

  • Pershing Square Holdings, Ltd.
  • 787 Eleventh Avenue
  • 9th Floor
  • New York
  • New York
  • 10019
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/20 21:24
End of Day Share Price2022/01/20 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.