PAX Stock Overview
Patria Investments Limited operates as a private market investment firm focused on investing in Latin America.
Patria Investments Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$13.16|
|52 Week High||US$19.49|
|52 Week Low||US$12.43|
|1 Month Change||-7.19%|
|3 Month Change||-2.88%|
|1 Year Change||-19.41%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-33.87%|
Recent News & Updates
Patria Investments hires new CFO
Patria Investments (NASDAQ:PAX) announced that Ms. Ana Russo will join the firm on October 3, 2022 as incoming CFO and member of management committee. Mr. Marco Nicola D’Ippolito, who has been serving as CFO since January 2017, will then begin a transition process to transfer oversight of fund administration, finance, accounting, planning and technology functions to Ms. Russo. Mr. D’Ippolito will thereafter assume the role of Chief Corporate Development Officer. Ms. Ana Russo is a seasoned finance and business executive with significant global experience. She has broad finance expertise, having managed a full range of finance functions throughout her career, as a department head and Brazil CFO (for Philip Morris International and earlier in her career with Remy Cointreau) and Central America & Caribbean and Latin America & Canada CFO (for Philip Morris International)
Patria Investments' (NASDAQ:PAX) Dividend Will Be Reduced To $0.169
Patria Investments Limited ( NASDAQ:PAX ) is reducing its dividend from last year's comparable payment to $0.169 on the...
|PAX||US Capital Markets||US Market|
Return vs Industry: PAX exceeded the US Capital Markets industry which returned -23.7% over the past year.
Return vs Market: PAX matched the US Market which returned -20.3% over the past year.
|PAX Average Weekly Movement||5.6%|
|Capital Markets Industry Average Movement||0.4%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.7%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: PAX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: PAX's weekly volatility (6%) has been stable over the past year.
About the Company
|1994||390||Alexandre de Assumpcao Saigh||https://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
|PAX fundamental statistics|
Is PAX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PAX income statement (TTM)|
|Cost of Revenue||US$73.75m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.48|
|Net Profit Margin||35.71%|
How did PAX perform over the long term?See historical performance and comparison
5.4%Current Dividend Yield
Is PAX undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for PAX?
Other financial metrics that can be useful for relative valuation.
|What is PAX's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does PAX's PE Ratio compare to its peers?
|PAX PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
ASZ Austerlitz Acquisition Corporation II
CVII Churchill Capital Corp VII
VCTR Victory Capital Holdings
HTGC Hercules Capital
PAX Patria Investments
Price-To-Earnings vs Peers: PAX is good value based on its Price-To-Earnings Ratio (27.6x) compared to the peer average (45.3x).
Price to Earnings Ratio vs Industry
How does PAX's PE Ratio compare vs other companies in the US Capital Markets Industry?
Price-To-Earnings vs Industry: PAX is expensive based on its Price-To-Earnings Ratio (27.6x) compared to the US Capital Markets industry average (25.1x)
Price to Earnings Ratio vs Fair Ratio
What is PAX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||27.6x|
|Fair PE Ratio||18.8x|
Price-To-Earnings vs Fair Ratio: PAX is expensive based on its Price-To-Earnings Ratio (27.6x) compared to the estimated Fair Price-To-Earnings Ratio (18.8x).
Share Price vs Fair Value
What is the Fair Price of PAX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: PAX ($13.16) is trading above our estimate of fair value ($11.88)
Significantly Below Fair Value: PAX is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is Patria Investments forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score6/6
Future Growth Score 6/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PAX's forecast earnings growth (34.2% per year) is above the savings rate (1.9%).
Earnings vs Market: PAX's earnings (34.2% per year) are forecast to grow faster than the US market (14.8% per year).
High Growth Earnings: PAX's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PAX's revenue (25.2% per year) is forecast to grow faster than the US market (7.7% per year).
High Growth Revenue: PAX's revenue (25.2% per year) is forecast to grow faster 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 (29.1%)
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How has Patria Investments performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PAX has high quality earnings.
Growing Profit Margin: PAX's current net profit margins (35.7%) are lower than last year (57.8%).
Past Earnings Growth Analysis
Earnings Trend: PAX's earnings have grown significantly by 25% per year over the past 5 years.
Accelerating Growth: PAX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PAX had negative earnings growth (-43.4%) over the past year, making it difficult to compare to the Capital Markets industry average (33.2%).
Return on Equity
High ROE: PAX's Return on Equity (12.9%) is considered low.
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How is Patria Investments's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: PAX's short term assets ($492.9M) exceed its short term liabilities ($313.9M).
Long Term Liabilities: PAX's short term assets ($492.9M) exceed its long term liabilities ($53.3M).
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.
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What is Patria Investments's current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Patria Investments Dividend Yield vs Market|
|Company (Patria Investments)||5.4%|
|Market Bottom 25% (US)||1.7%|
|Market Top 25% (US)||4.7%|
|Industry Average (Capital Markets)||2.9%|
|Analyst forecast in 3 Years (Patria Investments)||8.2%|
Notable Dividend: PAX's dividend (5.39%) is higher than the bottom 25% of dividend payers in the US market (1.64%).
High Dividend: PAX's dividend (5.39%) is in the top 25% of dividend payers in the US market (4.61%)
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.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (105.9%), PAX's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (108.4%), PAX's dividend payments are not well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Alexandre de Assumpcao Saigh (54 yo)
Mr. Alexandre Teixeira de Assumpção Saigh serves as Chief Executive Officer and Director at Patria Investments Limited since 2010. Mr. de Assumpção Saigh is also a Senior Managing Partner of Patria Investm...
Experienced Management: PAX's management team is seasoned and experienced (5.7 years average tenure).
Experienced Board: PAX's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.
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.
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.1%.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Patria Investments Limited's employee growth, exchange listings and data sources
- Name: Patria Investments Limited
- Ticker: PAX
- Exchange: NasdaqGS
- Founded: 1994
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$1.937b
- Shares outstanding: 147.19m
- Website: https://www.patria.com
Number of Employees
- Patria Investments Limited
- 18 Forum Lane
- 3rd Floor
- Grand Cayman
- Grand Cayman
- Cayman Islands
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PAX||NasdaqGS (Nasdaq Global Select)||Yes||Class A Common Shares||US||USD||Jan 2021|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/29 00:00|
|End of Day Share Price||2022/09/29 00:00|
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.