PARTNERS GROUP HOLDING AG (P2H.DE) Fundamental Analysis & Valuation

FRA:P2H • CH0024608827

Current stock price

992.6 EUR
-20.9 (-2.06%)
Last:

This P2H.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. P2H.DE Profitability Analysis

1.1 Basic Checks

  • P2H had positive earnings in the past year.
  • In the past year P2H had a positive cash flow from operations.
  • Each year in the past 5 years P2H has been profitable.
  • P2H had a positive operating cash flow in each of the past 5 years.
P2H.DE Yearly Net Income VS EBIT VS OCF VS FCFP2H.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 19.73%, P2H belongs to the top of the industry, outperforming 95.76% of the companies in the same industry.
  • P2H's Return On Equity of 57.64% is amongst the best of the industry. P2H outperforms 98.31% of its industry peers.
  • P2H has a better Return On Invested Capital (24.89%) than 97.46% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for P2H is significantly above the industry average of 8.97%.
  • The last Return On Invested Capital (24.89%) for P2H is above the 3 year average (23.84%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 19.73%
ROE 57.64%
ROIC 24.9%
ROA(3y)20.15%
ROA(5y)22.54%
ROE(3y)48.57%
ROE(5y)47.56%
ROIC(3y)23.84%
ROIC(5y)25.65%
P2H.DE Yearly ROA, ROE, ROICP2H.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

1.3 Margins

  • P2H's Profit Margin of 51.22% is amongst the best of the industry. P2H outperforms 90.68% of its industry peers.
  • In the last couple of years the Profit Margin of P2H has declined.
  • P2H has a better Operating Margin (62.62%) than 92.37% of its industry peers.
  • In the last couple of years the Operating Margin of P2H has remained more or less at the same level.
Industry RankSector Rank
OM 62.62%
PM (TTM) 51.22%
GM N/A
OM growth 3Y0.12%
OM growth 5Y-0.45%
PM growth 3Y-2.58%
PM growth 5Y-2.53%
GM growth 3YN/A
GM growth 5YN/A
P2H.DE Yearly Profit, Operating, Gross MarginsP2H.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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7

2. P2H.DE Health Analysis

2.1 Basic Checks

  • Compared to 1 year ago, P2H has less shares outstanding
  • Compared to 5 years ago, P2H has less shares outstanding
  • Compared to 1 year ago, P2H has a worse debt to assets ratio.
P2H.DE Yearly Shares OutstandingP2H.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M 25M
P2H.DE Yearly Total Debt VS Total AssetsP2H.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.2 Solvency

  • An Altman-Z score of 5.79 indicates that P2H is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 5.79, P2H belongs to the best of the industry, outperforming 91.53% of the companies in the same industry.
  • The Debt to FCF ratio of P2H is 1.66, which is an excellent value as it means it would take P2H, only 1.66 years of fcf income to pay off all of its debts.
  • With an excellent Debt to FCF ratio value of 1.66, P2H belongs to the best of the industry, outperforming 88.14% of the companies in the same industry.
  • P2H has a Debt/Equity ratio of 1.13. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 1.13, P2H perfoms like the industry average, outperforming 49.15% of the companies in the same industry.
  • Although P2H's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 1.13
Debt/FCF 1.66
Altman-Z 5.79
ROIC/WACCN/A
WACCN/A
P2H.DE Yearly LT Debt VS Equity VS FCFP2H.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

2.3 Liquidity

  • P2H has a Current Ratio of 1.67. This is a normal value and indicates that P2H is financially healthy and should not expect problems in meeting its short term obligations.
  • P2H has a Current ratio of 1.67. This is in the better half of the industry: P2H outperforms 74.58% of its industry peers.
  • A Quick Ratio of 1.67 indicates that P2H should not have too much problems paying its short term obligations.
  • P2H's Quick ratio of 1.67 is fine compared to the rest of the industry. P2H outperforms 77.12% of its industry peers.
Industry RankSector Rank
Current Ratio 1.67
Quick Ratio 1.67
P2H.DE Yearly Current Assets VS Current LiabilitesP2H.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

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7

3. P2H.DE Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 12.49% over the past year.
  • Measured over the past years, P2H shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.21% on average per year.
  • Looking at the last year, P2H shows a very strong growth in Revenue. The Revenue has grown by 21.94%.
  • The Revenue has been growing by 12.23% on average over the past years. This is quite good.
EPS 1Y (TTM)12.49%
EPS 3Y7.43%
EPS 5Y10.21%
EPS Q2Q%11%
Revenue 1Y (TTM)21.94%
Revenue growth 3Y10.71%
Revenue growth 5Y12.23%
Sales Q2Q%20.82%

3.2 Future

  • Based on estimates for the next years, P2H will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.87% on average per year.
  • P2H is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.59% yearly.
EPS Next Y8.74%
EPS Next 2Y14.08%
EPS Next 3Y12.81%
EPS Next 5Y8.87%
Revenue Next Year4.99%
Revenue Next 2Y11.84%
Revenue Next 3Y11.75%
Revenue Next 5Y10.59%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
P2H.DE Yearly Revenue VS EstimatesP2H.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1B 2B 3B 4B
P2H.DE Yearly EPS VS EstimatesP2H.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 20 40 60

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5

4. P2H.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 18.84, P2H is valued on the expensive side.
  • Based on the Price/Earnings ratio, P2H is valued a bit cheaper than 65.25% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.42, P2H is valued a bit cheaper.
  • A Price/Forward Earnings ratio of 17.33 indicates a rather expensive valuation of P2H.
  • Based on the Price/Forward Earnings ratio, P2H is valued a bit cheaper than 66.10% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.24, P2H is valued a bit cheaper.
Industry RankSector Rank
PE 18.84
Fwd PE 17.33
P2H.DE Price Earnings VS Forward Price EarningsP2H.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, P2H is valued a bit cheaper than the industry average as 74.58% of the companies are valued more expensively.
  • P2H's Price/Free Cash Flow ratio is rather cheap when compared to the industry. P2H is cheaper than 84.75% of the companies in the same industry.
Industry RankSector Rank
P/FCF 16.32
EV/EBITDA 15.82
P2H.DE Per share dataP2H.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80 100

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • The excellent profitability rating of P2H may justify a higher PE ratio.
  • P2H's earnings are expected to grow with 12.81% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.16
PEG (5Y)1.85
EPS Next 2Y14.08%
EPS Next 3Y12.81%

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6

5. P2H.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.93%, P2H is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 3.03, P2H pays a better dividend. On top of this P2H pays more dividend than 84.75% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.81, P2H pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.93%

5.2 History

  • On average, the dividend of P2H grows each year by 10.77%, which is quite nice.
Dividend Growth(5Y)10.77%
Div Incr Years1
Div Non Decr Years1
P2H.DE Yearly Dividends per shareP2H.DE Yearly Dividends per shareYearly Dividends per share 2025 2026 10 20 30 40

5.3 Sustainability

  • 86.61% of the earnings are spent on dividend by P2H. This is not a sustainable payout ratio.
  • The dividend of P2H is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP86.61%
EPS Next 2Y14.08%
EPS Next 3Y12.81%
P2H.DE Yearly Income VS Free CF VS DividendP2H.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B
P2H.DE Dividend Payout.P2H.DE Dividend Payout, showing the Payout Ratio.P2H.DE Dividend Payout.PayoutRetained Earnings

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P2H.DE Fundamentals: All Metrics, Ratios and Statistics

PARTNERS GROUP HOLDING AG

FRA:P2H (4/24/2026, 7:00:00 PM)

992.6

-20.9 (-2.06%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)03-10
Earnings (Next)N/A
Inst Owners40.63%
Inst Owner ChangeN/A
Ins Owners11.69%
Ins Owner ChangeN/A
Market Cap26.50B
Revenue(TTM)2.46B
Net Income(TTM)1.26B
Analysts77.27
Price Target1345.59 (35.56%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.93%
Yearly Dividend45.93
Dividend Growth(5Y)10.77%
DP86.61%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-7.91%
PT rev (3m)-1.19%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-1.6%
EPS NY rev (3m)-2.89%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.16%
Revenue NY rev (3m)-3.45%
Valuation
Industry RankSector Rank
PE 18.84
Fwd PE 17.33
P/S 9.91
P/FCF 16.32
P/OCF 16.09
P/B 11.15
P/tB 13.38
EV/EBITDA 15.82
EPS(TTM)52.68
EY5.31%
EPS(NY)57.28
Fwd EY5.77%
FCF(TTM)60.84
FCFY6.13%
OCF(TTM)61.68
OCFY6.21%
SpS100.21
BVpS89.05
TBVpS74.19
PEG (NY)2.16
PEG (5Y)1.85
Graham Number324.887 (-67.27%)
Profitability
Industry RankSector Rank
ROA 19.73%
ROE 57.64%
ROCE 38.14%
ROIC 24.9%
ROICexc 26.61%
ROICexgc 28.82%
OM 62.62%
PM (TTM) 51.22%
GM N/A
FCFM 60.71%
ROA(3y)20.15%
ROA(5y)22.54%
ROE(3y)48.57%
ROE(5y)47.56%
ROIC(3y)23.84%
ROIC(5y)25.65%
ROICexc(3y)25.7%
ROICexc(5y)29.82%
ROICexgc(3y)26.76%
ROICexgc(5y)30.77%
ROCE(3y)33.73%
ROCE(5y)34.44%
ROICexgc growth 3Y-1.33%
ROICexgc growth 5Y-3.63%
ROICexc growth 3Y-3.15%
ROICexc growth 5Y-4.59%
OM growth 3Y0.12%
OM growth 5Y-0.45%
PM growth 3Y-2.58%
PM growth 5Y-2.53%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.39
Health
Industry RankSector Rank
Debt/Equity 1.13
Debt/FCF 1.66
Debt/EBITDA 1.53
Cap/Depr 30.01%
Cap/Sales 0.85%
Interest Coverage 37.41
Cash Conversion 94.06%
Profit Quality 118.52%
Current Ratio 1.67
Quick Ratio 1.67
Altman-Z 5.79
F-Score6
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)194.94%
Cap/Depr(5y)189.08%
Cap/Sales(3y)4.56%
Cap/Sales(5y)4.15%
Profit Quality(3y)80.69%
Profit Quality(5y)76.55%
High Growth Momentum
Growth
EPS 1Y (TTM)12.49%
EPS 3Y7.43%
EPS 5Y10.21%
EPS Q2Q%11%
EPS Next Y8.74%
EPS Next 2Y14.08%
EPS Next 3Y12.81%
EPS Next 5Y8.87%
Revenue 1Y (TTM)21.94%
Revenue growth 3Y10.71%
Revenue growth 5Y12.23%
Sales Q2Q%20.82%
Revenue Next Year4.99%
Revenue Next 2Y11.84%
Revenue Next 3Y11.75%
Revenue Next 5Y10.59%
EBIT growth 1Y17.76%
EBIT growth 3Y10.85%
EBIT growth 5Y11.72%
EBIT Next Year10.01%
EBIT Next 3Y13.76%
EBIT Next 5Y11.56%
FCF growth 1Y88.47%
FCF growth 3Y15.47%
FCF growth 5Y5.87%
OCF growth 1Y62.22%
OCF growth 3Y12.67%
OCF growth 5Y5.59%

PARTNERS GROUP HOLDING AG / P2H.DE Fundamental Analysis FAQ

What is the fundamental rating for P2H stock?

ChartMill assigns a fundamental rating of 7 / 10 to P2H.DE.


What is the valuation status for P2H stock?

ChartMill assigns a valuation rating of 5 / 10 to PARTNERS GROUP HOLDING AG (P2H.DE). This can be considered as Fairly Valued.


What is the profitability of P2H stock?

PARTNERS GROUP HOLDING AG (P2H.DE) has a profitability rating of 8 / 10.


Can you provide the PE and PB ratios for P2H stock?

The Price/Earnings (PE) ratio for PARTNERS GROUP HOLDING AG (P2H.DE) is 18.84 and the Price/Book (PB) ratio is 11.15.


Is the dividend of PARTNERS GROUP HOLDING AG sustainable?

The dividend rating of PARTNERS GROUP HOLDING AG (P2H.DE) is 6 / 10 and the dividend payout ratio is 86.61%.