| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 5/6 |
| Dividends | 2/6 |
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
| Historical stock prices | |
|---|---|
| Current Share Price | US$39.13 |
| 52 Week High | US$41.50 |
| 52 Week Low | US$32.70 |
| Beta | 0.95 |
| 1 Month Change | -2.13% |
| 3 Month Change | -2.67% |
| 1 Year Change | 6.97% |
| 3 Year Change | 163.47% |
| 5 Year Change | n/a |
| Change since IPO | 180.19% |
Recent News & Updates
Shareholder Returns
| PSHD | GB Capital Markets | GB Market | |
|---|---|---|---|
| 7D | -2.7% | -1.4% | -1.0% |
| 1Y | 7.0% | -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
| PSHD volatility | |
|---|---|
| PSHD Average Weekly Movement | 3.0% |
| Capital Markets Industry Average Movement | 4.1% |
| Market Average Movement | 5.0% |
| 10% most volatile stocks in GB Market | 10.7% |
| 10% least volatile stocks in GB Market | 2.5% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2012 | n/a | n/a | https://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
| PSHD fundamental statistics | |
|---|---|
| Market Cap | US$7.76b |
| Earnings (TTM) | US$2.86b |
| Revenue (TTM) | US$3.74b |
2.7x
P/E Ratio2.1x
P/S RatioIs PSHD overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| PSHD income statement (TTM) | |
|---|---|
| Revenue | US$3.74b |
| Cost of Revenue | US$0 |
| Gross Profit | US$3.74b |
| Expenses | US$885.14m |
| Earnings | US$2.86b |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 14.36 |
| Gross Margin | 100.00% |
| Net Profit Margin | 76.36% |
| Debt/Equity Ratio | 22.0% |
How did PSHD perform over the long term?
See historical performance and comparisonDividends
1.0%
Current Dividend Yield3%
Payout RatioValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/20 21:24 |
| End of Day Share Price | 2022/01/20 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.