PARTNERS GROUP HOLDING AG (P2H.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:P2H • CH0024608827

1081.5 EUR
+10.5 (+0.98%)
Last: Feb 10, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to P2H. P2H was compared to 117 industry peers in the Capital Markets industry. P2H has an excellent profitability rating, but there are some minor concerns on its financial health. P2H is not priced too expensively while it is growing strongly. Keep and eye on this one! With these ratings, P2H could be worth investigating further for growth investing!.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • P2H had positive earnings in the past year.
  • In the past year P2H had a positive cash flow from operations.
  • In the past 5 years P2H has always been profitable.
  • In the past 5 years P2H always reported a positive cash flow from operatings.
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 500M 1B 1.5B

1.2 Ratios

  • With an excellent Return On Assets value of 19.35%, P2H belongs to the best of the industry, outperforming 96.58% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 71.38%, P2H belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
  • P2H's Return On Invested Capital of 22.00% is amongst the best of the industry. P2H outperforms 97.44% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for P2H is significantly above the industry average of 8.96%.
Industry RankSector Rank
ROA 19.35%
ROE 71.38%
ROIC 22%
ROA(3y)20.9%
ROA(5y)22.59%
ROE(3y)43.22%
ROE(5y)43.1%
ROIC(3y)23.48%
ROIC(5y)25.07%
P2H.DE Yearly ROA, ROE, ROICP2H.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

1.3 Margins

  • The Profit Margin of P2H (53.72%) is better than 90.60% of its industry peers.
  • In the last couple of years the Profit Margin of P2H has remained more or less at the same level.
  • With an excellent Operating Margin value of 62.79%, P2H belongs to the best of the industry, outperforming 91.45% of the companies in the same industry.
  • In the last couple of years the Operating Margin of P2H has remained more or less at the same level.
Industry RankSector Rank
OM 62.79%
PM (TTM) 53.72%
GM N/A
OM growth 3Y0.46%
OM growth 5Y-0.09%
PM growth 3Y-0.38%
PM growth 5Y-0.8%
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 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. Health

2.1 Basic Checks

  • P2H has less shares outstanding than it did 1 year ago.
  • P2H has less shares outstanding than it did 5 years ago.
  • P2H has a worse debt/assets ratio than last year.
P2H.DE Yearly Shares OutstandingP2H.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 1B 2B 3B 4B 5B

2.2 Solvency

  • An Altman-Z score of 5.54 indicates that P2H is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of P2H (5.54) is better than 94.02% of its industry peers.
  • The Debt to FCF ratio of P2H is 4.46, which is a neutral value as it means it would take P2H, 4.46 years of fcf income to pay off all of its debts.
  • P2H has a Debt to FCF ratio of 4.46. This is in the better half of the industry: P2H outperforms 75.21% of its industry peers.
  • P2H has a Debt/Equity ratio of 1.80. This is a high value indicating a heavy dependency on external financing.
  • P2H has a Debt to Equity ratio (1.80) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 1.8
Debt/FCF 4.46
Altman-Z 5.54
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 500M 1B 1.5B 2B 2.5B

2.3 Liquidity

  • A Current Ratio of 1.50 indicates that P2H should not have too much problems paying its short term obligations.
  • P2H has a Current ratio of 1.50. This is in the better half of the industry: P2H outperforms 76.92% of its industry peers.
  • P2H has a Quick Ratio of 1.50. 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 Quick ratio of 1.50. This is in the better half of the industry: P2H outperforms 78.63% of its industry peers.
Industry RankSector Rank
Current Ratio 1.5
Quick Ratio 1.5
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 1B 2B 3B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 24.93% over the past year.
  • Measured over the past 5 years, P2H shows a small growth in Earnings Per Share. The EPS has been growing by 5.06% on average per year.
  • P2H shows a strong growth in Revenue. In the last year, the Revenue has grown by 27.51%.
  • The Revenue has been growing slightly by 5.46% on average over the past years.
EPS 1Y (TTM)24.93%
EPS 3Y-7.89%
EPS 5Y5.06%
EPS Q2Q%14.31%
Revenue 1Y (TTM)27.51%
Revenue growth 3Y-7.98%
Revenue growth 5Y5.46%
Sales Q2Q%23.32%

3.2 Future

  • P2H is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.77% yearly.
  • P2H is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.11% yearly.
EPS Next Y16.66%
EPS Next 2Y12.23%
EPS Next 3Y14.01%
EPS Next 5Y9.77%
Revenue Next Year19.77%
Revenue Next 2Y14.92%
Revenue Next 3Y14.9%
Revenue Next 5Y12.11%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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 1B 2B 3B
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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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 21.58, P2H is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Earnings ratio of P2H is on the same level as its industry peers.
  • P2H is valuated rather cheaply when we compare the Price/Earnings ratio to 28.03, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 18.24 indicates a rather expensive valuation of P2H.
  • Based on the Price/Forward Earnings ratio, P2H is valued a bit cheaper than 66.67% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of P2H to the average of the S&P500 Index (27.97), we can say P2H is valued slightly cheaper.
Industry RankSector Rank
PE 21.58
Fwd PE 18.24
P2H.DE Price Earnings VS Forward Price EarningsP2H.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, P2H is valued a bit cheaper than 72.65% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, P2H is valued a bit cheaper than 69.23% of the companies in the same industry.
Industry RankSector Rank
P/FCF 38.79
EV/EBITDA 18.68
P2H.DE Per share dataP2H.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • P2H has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as P2H's earnings are expected to grow with 14.01% in the coming years.
PEG (NY)1.3
PEG (5Y)4.27
EPS Next 2Y12.23%
EPS Next 3Y14.01%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 4.35%, P2H is a good candidate for dividend investing.
  • P2H's Dividend Yield is a higher than the industry average which is at 3.00.
  • P2H's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 4.35%

5.2 History

  • On average, the dividend of P2H grows each year by 12.14%, which is quite nice.
Dividend Growth(5Y)12.14%
Div Incr Years0
Div Non Decr Years0
P2H.DE Yearly Dividends per shareP2H.DE Yearly Dividends per shareYearly Dividends per share 2025 10 20 30 40

5.3 Sustainability

  • P2H pays out 91.15% of its income as dividend. This is not a sustainable payout ratio.
  • P2H's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP91.15%
EPS Next 2Y12.23%
EPS Next 3Y14.01%
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 500M 1B
P2H.DE Dividend Payout.P2H.DE Dividend Payout, showing the Payout Ratio.P2H.DE Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

PARTNERS GROUP HOLDING AG

FRA:P2H (2/10/2026, 7:00:00 PM)

1081.5

+10.5 (+0.98%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)09-02
Earnings (Next)03-10
Inst Owners38.13%
Inst Owner ChangeN/A
Ins Owners11.55%
Ins Owner ChangeN/A
Market Cap28.88B
Revenue(TTM)2.23B
Net Income(TTM)1.20B
Analysts70.91
Price Target1383.45 (27.92%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.35%
Yearly Dividend42.77
Dividend Growth(5Y)12.14%
DP91.15%
Div Incr Years0
Div Non Decr Years0
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)1.59%
PT rev (3m)2.3%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)1.6%
EPS NY rev (3m)2.08%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.43%
Valuation
Industry RankSector Rank
PE 21.58
Fwd PE 18.24
P/S 11.85
P/FCF 38.79
P/OCF 34.43
P/B 15.74
P/tB 20.13
EV/EBITDA 18.68
EPS(TTM)50.11
EY4.63%
EPS(NY)59.3
Fwd EY5.48%
FCF(TTM)27.88
FCFY2.58%
OCF(TTM)31.41
OCFY2.9%
SpS91.28
BVpS68.7
TBVpS53.72
PEG (NY)1.3
PEG (5Y)4.27
Graham Number278.31
Profitability
Industry RankSector Rank
ROA 19.35%
ROE 71.38%
ROCE 38.19%
ROIC 22%
ROICexc 23.21%
ROICexgc 25.04%
OM 62.79%
PM (TTM) 53.72%
GM N/A
FCFM 30.54%
ROA(3y)20.9%
ROA(5y)22.59%
ROE(3y)43.22%
ROE(5y)43.1%
ROIC(3y)23.48%
ROIC(5y)25.07%
ROICexc(3y)26.5%
ROICexc(5y)31.23%
ROICexgc(3y)27.05%
ROICexgc(5y)31.95%
ROCE(3y)31.23%
ROCE(5y)32.03%
ROICexgc growth 3Y-18.47%
ROICexgc growth 5Y-7.28%
ROICexc growth 3Y-18.49%
ROICexc growth 5Y-7.16%
OM growth 3Y0.46%
OM growth 5Y-0.09%
PM growth 3Y-0.38%
PM growth 5Y-0.8%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.36
Health
Industry RankSector Rank
Debt/Equity 1.8
Debt/FCF 4.46
Debt/EBITDA 2.06
Cap/Depr 137.2%
Cap/Sales 3.87%
Interest Coverage 45.31
Cash Conversion 52.45%
Profit Quality 56.86%
Current Ratio 1.5
Quick Ratio 1.5
Altman-Z 5.54
F-Score4
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)257.94%
Cap/Depr(5y)199.17%
Cap/Sales(3y)5.91%
Cap/Sales(5y)4.43%
Profit Quality(3y)73.38%
Profit Quality(5y)80.77%
High Growth Momentum
Growth
EPS 1Y (TTM)24.93%
EPS 3Y-7.89%
EPS 5Y5.06%
EPS Q2Q%14.31%
EPS Next Y16.66%
EPS Next 2Y12.23%
EPS Next 3Y14.01%
EPS Next 5Y9.77%
Revenue 1Y (TTM)27.51%
Revenue growth 3Y-7.98%
Revenue growth 5Y5.46%
Sales Q2Q%23.32%
Revenue Next Year19.77%
Revenue Next 2Y14.92%
Revenue Next 3Y14.9%
Revenue Next 5Y12.11%
EBIT growth 1Y21.33%
EBIT growth 3Y-7.55%
EBIT growth 5Y5.37%
EBIT Next Year22.13%
EBIT Next 3Y15.93%
EBIT Next 5Y12.4%
FCF growth 1Y-36.25%
FCF growth 3Y7.09%
FCF growth 5Y-0.8%
OCF growth 1Y-33.86%
OCF growth 3Y9.99%
OCF growth 5Y-0.57%

PARTNERS GROUP HOLDING AG / P2H.DE FAQ

What is the fundamental rating for P2H stock?

ChartMill assigns a fundamental rating of 6 / 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.


Can you provide the profitability details for PARTNERS GROUP HOLDING AG?

PARTNERS GROUP HOLDING AG (P2H.DE) has a profitability rating of 7 / 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 21.58 and the Price/Book (PB) ratio is 15.74.


Can you provide the financial health for P2H stock?

The financial health rating of PARTNERS GROUP HOLDING AG (P2H.DE) is 6 / 10.