PARTNERS GROUP HOLDING AG (P2H.DE) Stock Fundamental Analysis
Europe - FRA:P2H - CH0024608827 - Common Stock
1107 EUR
-17.5 (-1.56%)
P2H gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 116 industry peers in the Capital Markets industry. While P2H belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. P2H is not overvalued while it is showing excellent growth. This is an interesting combination. This makes P2H very considerable for growth investing!
1. Profitability
1.1 Basic Checks
In the past year P2H was profitable.
In the past year P2H had a positive cash flow from operations.
P2H had positive earnings in each of the past 5 years.
P2H had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
P2H's Return On Assets of 19.35% is amongst the best of the industry. P2H outperforms 96.55% of its industry peers.
P2H has a Return On Equity of 71.38%. This is amongst the best in the industry. P2H outperforms 100.00% of its industry peers.
The Return On Invested Capital of P2H (22.00%) is better than 96.55% of its industry peers.
The Average Return On Invested Capital over the past 3 years for P2H is significantly above the industry average of 8.51%.
| Industry Rank | Sector 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%
1.3 Margins
P2H has a better Profit Margin (53.72%) than 90.52% of its industry peers.
P2H's Profit Margin has been stable in the last couple of years.
P2H's Operating Margin of 62.79% is amongst the best of the industry. P2H outperforms 93.10% of its industry peers.
P2H's Operating Margin has been stable in the last couple of years.
| Industry Rank | Sector 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
2. Health
2.1 Basic Checks
Compared to 1 year ago, P2H has less shares outstanding
The number of shares outstanding for P2H has been reduced compared to 5 years ago.
The debt/assets ratio for P2H is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 5.74 indicates that P2H is not in any danger for bankruptcy at the moment.
The Altman-Z score of P2H (5.74) is better than 87.93% 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.
With a decent Debt to FCF ratio value of 4.46, P2H is doing good in the industry, outperforming 68.97% of the companies in the same industry.
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 of 1.80. This is comparable to the rest of the industry: P2H outperforms 42.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.8 | ||
| Debt/FCF | 4.46 | ||
| Altman-Z | 5.74 |
ROIC/WACCN/A
WACCN/A
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 better Current ratio (1.50) than 74.14% 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.
The Quick ratio of P2H (1.50) is better than 76.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.5 | ||
| Quick Ratio | 1.5 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 24.93% over the past year.
P2H shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.06% yearly.
The Revenue has grown by 27.51% in the past year. This is a very strong growth!
P2H shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.46% yearly.
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 10.01% yearly.
Based on estimates for the next years, P2H will show a quite strong growth in Revenue. The Revenue will grow by 10.64% on average per year.
EPS Next Y12.51%
EPS Next 2Y12.39%
EPS Next 3Y13.79%
EPS Next 5Y10.01%
Revenue Next Year16.01%
Revenue Next 2Y14.65%
Revenue Next 3Y15.25%
Revenue Next 5Y10.64%
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 accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 22.59 indicates a rather expensive valuation of P2H.
Based on the Price/Earnings ratio, P2H is valued a bit cheaper than 60.34% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.67. P2H is around the same levels.
A Price/Forward Earnings ratio of 19.03 indicates a rather expensive valuation of P2H.
Compared to the rest of the industry, the Price/Forward Earnings ratio of P2H indicates a somewhat cheap valuation: P2H is cheaper than 68.97% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of P2H to the average of the S&P500 Index (23.13), we can say P2H is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.59 | ||
| Fwd PE | 19.03 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, P2H is valued a bit cheaper than 75.86% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of P2H indicates a somewhat cheap valuation: P2H is cheaper than 62.93% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 40.61 | ||
| EV/EBITDA | 19.7 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
P2H has a very decent profitability rating, which may justify a higher PE ratio.
P2H's earnings are expected to grow with 13.79% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.81
PEG (5Y)4.47
EPS Next 2Y12.39%
EPS Next 3Y13.79%
5. Dividend
5.1 Amount
P2H has a Yearly Dividend Yield of 4.00%. Purely for dividend investing, there may be better candidates out there.
P2H's Dividend Yield is a higher than the industry average which is at 5.80.
Compared to an average S&P500 Dividend Yield of 2.41, P2H pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4% |
5.2 History
The dividend of P2H is nicely growing with an annual growth rate of 12.14%!
Dividend Growth(5Y)12.14%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
91.15% 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.
DP91.15%
EPS Next 2Y12.39%
EPS Next 3Y13.79%
FRA:P2H (9/29/2025, 7:00:00 PM)
1107
-17.5 (-1.56%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners39.93%
Inst Owner ChangeN/A
Ins Owners11.55%
Ins Owner ChangeN/A
Market Cap29.56B
Analysts71.82
Price Target1292.47 (16.75%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4% |
Yearly Dividend42.05
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)-0.34%
PT rev (3m)-3.27%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)5.8%
EPS NY rev (3m)-1.8%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)5.51%
Revenue NY rev (3m)-1.2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.59 | ||
| Fwd PE | 19.03 | ||
| P/S | 12.4 | ||
| P/FCF | 40.61 | ||
| P/OCF | 36.04 | ||
| P/B | 16.48 | ||
| P/tB | 21.07 | ||
| EV/EBITDA | 19.7 |
EPS(TTM)49
EY4.43%
EPS(NY)58.16
Fwd EY5.25%
FCF(TTM)27.26
FCFY2.46%
OCF(TTM)30.72
OCFY2.77%
SpS89.26
BVpS67.18
TBVpS52.54
PEG (NY)1.81
PEG (5Y)4.47
Profitability
| Industry Rank | Sector 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%
ROICexcg growth 3Y-18.47%
ROICexcg 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 Rank | Sector 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 | 5.74 |
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 Y12.51%
EPS Next 2Y12.39%
EPS Next 3Y13.79%
EPS Next 5Y10.01%
Revenue 1Y (TTM)27.51%
Revenue growth 3Y-7.98%
Revenue growth 5Y5.46%
Sales Q2Q%23.32%
Revenue Next Year16.01%
Revenue Next 2Y14.65%
Revenue Next 3Y15.25%
Revenue Next 5Y10.64%
EBIT growth 1Y21.33%
EBIT growth 3Y-7.55%
EBIT growth 5Y5.37%
EBIT Next Year18.71%
EBIT Next 3Y16.08%
EBIT Next 5Y10.91%
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%