PAX

Patria InvestmentsNasdaqGS:PAX Stock Report

Market Cap

US$2.3b

7D

-0.3%

1Y

n/a

Updated

23 Sep, 2021

Data

Company Financials +
PAX fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance3/6
Financial Health6/6
Dividends4/6

PAX Overview

Patria Investments Limited operates as a private market investment firm focused on investing in Latin America.

Patria Investments Competitors

Blackstone

NYSE:BX

US$143.9b

Carlyle Group

NasdaqGS:CG

US$17.1b

Vinci Partners Investments

NasdaqGS:VINP

US$762.3m

Price History & Performance

Summary of all time highs, changes and price drops for Patria Investments
Historical stock prices
Current Share PriceUS$17.13
52 Week HighUS$13.40
52 Week LowUS$23.28
Beta0
1 Month Change6.93%
3 Month Change-2.39%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-13.92%

Recent News & Updates

Shareholder Returns

PAXUS Capital MarketsUS Market
7D-0.3%-2.7%-1.7%
1Yn/a65.2%36.2%

Return vs Industry: Insufficient data to determine how PAX performed against the US Capital Markets industry.

Return vs Market: Insufficient data to determine how PAX performed against the US Market.

Price Volatility

Is PAX's price volatile compared to industry and market?
PAX volatility
PAX Beta0
Industry Beta1.19
Market Beta1

Stable Share Price: PAX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: PAX's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1994158Alexandre Teixeira de Assumpção Saighhttps://www.patria.com

Patria Investments Limited operates as a private market investment firm focused on investing in Latin America. The company offers asset management services to investors focusing on private equity funds, infrastructure development funds, co-investments funds, constructivist equity funds, and real estate and credit funds. Patria Investments Limited was founded in 1994 and is headquartered in Grand Cayman, the Cayman Islands.

Patria Investments Fundamentals Summary

How do Patria Investments's earnings and revenue compare to its market cap?
PAX fundamental statistics
Market CapUS$2.27b
Earnings (TTM)US$123.93m
Revenue (TTM)US$214.51m

18.8x

P/E Ratio

10.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PAX income statement (TTM)
RevenueUS$214.51m
Cost of RevenueUS$66.20m
Gross ProfitUS$148.31m
ExpensesUS$24.37m
EarningsUS$123.93m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.99
Gross Margin69.14%
Net Profit Margin57.78%
Debt/Equity Ratio0%

How did PAX perform over the long term?

See historical performance and comparison

Dividends

10.8%

Current Dividend Yield

51%

Payout Ratio

Valuation

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

18.82x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PAX ($17.13) is trading above our estimate of fair value ($11.51)

Significantly Below Fair Value: PAX is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PAX is poor value based on its PE Ratio (18.8x) compared to the US Capital Markets industry average (14.8x).

PE vs Market: PAX is poor value based on its PE Ratio (18.8x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: PAX is poor value based on its PEG Ratio (2.9x)


Price to Book Ratio

PB vs Industry: PAX is good value based on its PB Ratio (5.4x) compared to the US Capital Markets industry average (61.3x).


Future Growth

How is Patria Investments forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

6.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PAX's forecast earnings growth (6.5% per year) is above the savings rate (2%).

Earnings vs Market: PAX's earnings (6.5% per year) are forecast to grow slower than the US market (14.9% per year).

High Growth Earnings: PAX's earnings are forecast to grow, but not significantly.

Revenue vs Market: PAX's revenue (16.2% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: PAX's revenue (16.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PAX's Return on Equity is forecast to be high in 3 years time (30.8%)


Past Performance

How has Patria Investments performed over the past 5 years?

96.5%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: PAX has a high level of non-cash earnings.

Growing Profit Margin: PAX's current net profit margins (57.8%) are higher than last year (52.6%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if PAX's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare PAX's past year earnings growth to its 5-year average.

Earnings vs Industry: PAX earnings growth over the past year (96.5%) exceeded the Capital Markets industry 77.4%.


Return on Equity

High ROE: PAX's Return on Equity (28.5%) is considered high.


Financial Health

How is Patria Investments's financial position?


Financial Position Analysis

Short Term Liabilities: PAX's short term assets ($428.2M) exceed its short term liabilities ($52.4M).

Long Term Liabilities: PAX's short term assets ($428.2M) exceed its long term liabilities ($4.0M).


Debt to Equity History and Analysis

Debt Level: PAX is debt free.

Reducing Debt: PAX has not had any debt for past 5 years.

Debt Coverage: PAX has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: PAX has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

10.81%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PAX's dividend (10.81%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: PAX's dividend (10.81%) is in the top 25% of dividend payers in the US market (3.63%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether PAX's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if PAX's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (51.2%), PAX's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PAX's dividends in 3 years are forecast to be covered by earnings (77.7% payout ratio).


Next Steps

Management

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

11.7yrs

Average board tenure


CEO

Alexandre Teixeira de Assumpção Saigh (53 yo)

11.67yrs

Tenure

Mr. Alexandre Teixeira de Assumpção Saigh serves as Chief Executive Officer and Director at Patria Investments Limited since 2010. Mr. Saigh is also a Senior Managing Partner of Patria Investments Limited...


Board Members

Experienced Board: PAX's board of directors are seasoned and experienced ( 11.7 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.


Ownership Breakdown

Dilution of Shares: PAX only recently listed within the past 12 months.


Top Shareholders

Company Information

Patria Investments Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Patria Investments Limited
  • Ticker: PAX
  • Exchange: NasdaqGS
  • Founded: 1994
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$2.270b
  • Shares outstanding: 136.15m
  • Website: https://www.patria.com

Number of Employees


Location

  • Patria Investments Limited
  • 18 Forum Lane
  • 3rd Floor
  • Grand Cayman
  • Grand Cayman
  • KY1-9006
  • Cayman Islands

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 23:09
End of Day Share Price2021/09/23 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.