Pershing Square Holdings
Market Cap
US$6.9b
Last Updated
2021/02/24 19:04 UTC
Data Sources
Company Financials +
Executive Summary
Pershing Square Holdings, Ltd. is a closed-ended balanced hedge fund launched and managed by Pershing Square Capital Management, L.P. More Details
Rewards
Snowflake Analysis
Share Price & News
How has Pershing Square Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PSHD is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: PSHD's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-3.8%
PSHD
-0.9%
GB Capital Markets
-0.8%
GB Market
1 Year Return
92.5%
PSHD
9.6%
GB Capital Markets
-3.7%
GB Market
Return vs Industry: PSHD exceeded the UK Capital Markets industry which returned 8.7% over the past year.
Return vs Market: PSHD exceeded the UK Market which returned -2% over the past year.
Shareholder returns
| PSHD | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.8% | -0.9% | -0.8% |
| 30 Day | 2.3% | 3.6% | 0.9% |
| 90 Day | 15.8% | 14.3% | 6.6% |
| 1 Year | 95.3%92.5% | 13.1%9.6% | 2.1%-3.7% |
| 3 Year | n/a | 48.7%31.9% | 9.6%-3.5% |
| 5 Year | n/a | 117.0%80.6% | 41.7%14.3% |
Long-Term Price Volatility Vs. Market
How volatile is Pershing Square Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Pershing Square Holdings undervalued compared to its fair value and its price relative to the market?
3.87x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PSHD ($36.38) is trading above our estimate of fair value ($22.19)
Significantly Below Fair Value: PSHD is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PSHD is good value based on its PE Ratio (3.9x) compared to the GB Capital Markets industry average (21.2x).
PE vs Market: PSHD is good value based on its PE Ratio (3.9x) compared to the UK market (23.6x).
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 (1x) 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?
23.8%
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 (1%).
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 (4.6%).
Past Performance
How has Pershing Square Holdings performed over the past 5 years?
67.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PSHD has high quality earnings.
Growing Profit Margin: PSHD's current net profit margins (78.8%) are lower than last year (91.3%).
Past Earnings Growth Analysis
Earnings Trend: PSHD's earnings have grown significantly by 67.5% per year over the past 5 years.
Accelerating Growth: PSHD's earnings growth over the past year (31.5%) is below its 5-year average (67.5% per year).
Earnings vs Industry: PSHD earnings growth over the past year (31.5%) exceeded the Capital Markets industry -0.9%.
Return on Equity
High ROE: PSHD's Return on Equity (28.3%) is considered high.
Financial Health
How is Pershing Square Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: PSHD's short term assets ($8.9B) exceed its short term liabilities ($524.9M).
Long Term Liabilities: PSHD's short term assets ($8.9B) exceed its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: PSHD's debt to equity ratio (21.1%) is considered satisfactory.
Reducing Debt: PSHD's debt to equity ratio has increased from 15.2% to 21.1% over the past 5 years.
Debt Coverage: PSHD's debt is well covered by operating cash flow (60.7%).
Interest Coverage: PSHD's interest payments on its debt are well covered by EBIT (26.2x coverage).
Balance Sheet
Dividend
What is Pershing Square Holdings's current dividend yield, its reliability and sustainability?
1.12%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: PSHD's dividend (1.12%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.49%).
High Dividend: PSHD's dividend (1.12%) is low compared to the top 25% of dividend payers in the UK market (4.52%).
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 2 years, and since then payments have not increased.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (4.3%), 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 (19% payout ratio).
Management
How experienced are the management team and are they aligned to shareholders interests?
8.9yrs
Average board tenure
CEO
Pershing Square Holdings has no CEO, or we have no data on them.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairperson | no data | no data | 0.0078% $ 543.0k | |
| Director | 8.92yrs | no data | 0.0021% $ 143.2k | |
| Director | 8.92yrs | no data | no data | |
| Director | 8.92yrs | no data | 0.010% $ 717.3k |
8.9yrs
Average Tenure
57.5yo
Average Age
Experienced Board: PSHD's board of directors are considered experienced (8.9 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
Pershing Square Holdings, Ltd.'s company bio, 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
- Market Cap: US$6.917b
- Shares outstanding: 192.95m
- Website: https://www.pershingsquareholdings.com
Location
- Pershing Square Holdings, Ltd.
- 787 Eleventh Avenue
- 9th Floor
- New York
- New York
- 10019
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PSH | ENXTAM (Euronext Amsterdam) | Yes | Public Shares | NL | USD | Oct 2014 |
| 7P2 | DB (Deutsche Boerse AG) | Yes | Public Shares | DE | EUR | Oct 2014 |
| PSH | LSE (London Stock Exchange) | Yes | Public Shares | GB | GBP | Oct 2014 |
| PSHZ.F | OTCPK (Pink Sheets LLC) | Yes | Public Shares | US | USD | Oct 2014 |
| PSHA | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Public Shares | GB | USD | Oct 2014 |
| PSHL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Public Shares | GB | GBP | Oct 2014 |
| PSHD | LSE (London Stock Exchange) | Yes | Public Shares | GB | USD | Oct 2014 |
| 7P2 | BST (Boerse-Stuttgart) | Yes | Public Shares | DE | EUR | Oct 2014 |
Biography
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. ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/24 19:04 |
| End of Day Share Price | 2021/02/24 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.