PARTNERS GROUP HOLDING AG (P2H.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:P2H - CH0024608827 - Common Stock
1003 EUR
+8.6 (+0.86%)
Overall P2H gets a fundamental rating of 6 out of 10. We evaluated P2H against 120 industry peers in the Capital Markets industry. P2H scores excellent on profitability, but there are some minor concerns on its financial health. P2H is not overvalued while it is showing excellent growth. This is an interesting combination. These ratings could make P2H a good candidate for growth investing.
1. Profitability
1.1 Basic Checks
In the past year P2H was profitable.
P2H had a positive operating cash flow in the past year.
P2H had positive earnings in each of the past 5 years.
Each year in the past 5 years P2H had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 19.35%, P2H belongs to the top of the industry, outperforming 96.67% of the companies in the same industry.
With an excellent Return On Equity value of 71.38%, P2H belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
P2H has a Return On Invested Capital of 22.00%. This is amongst the best in the industry. P2H outperforms 96.67% of its industry peers.
The Average Return On Invested Capital over the past 3 years for P2H is significantly above the industry average of 9.33%.
| 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 Profit Margin of 53.72%. This is amongst the best in the industry. P2H outperforms 90.00% of its industry peers.
In the last couple of years the Profit Margin of P2H has remained more or less at the same level.
Looking at the Operating Margin, with a value of 62.79%, P2H belongs to the top of the industry, outperforming 91.67% 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 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.
P2H has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 5.38 indicates that P2H is not in any danger for bankruptcy at the moment.
P2H has a Altman-Z score of 5.38. This is amongst the best in the industry. P2H outperforms 90.83% 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 better Debt to FCF ratio (4.46) than 73.33% 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.
With a Debt to Equity ratio value of 1.80, P2H perfoms like the industry average, outperforming 43.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.8 | ||
| Debt/FCF | 4.46 | ||
| Altman-Z | 5.38 |
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 Current ratio of 1.50. This is in the better half of the industry: P2H outperforms 76.67% of its industry peers.
A Quick Ratio of 1.50 indicates that P2H should not have too much problems paying its short term obligations.
P2H has a Quick ratio of 1.50. This is in the better half of the industry: P2H outperforms 77.50% 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.
The Earnings Per Share has been growing slightly by 5.06% on average over the past years.
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
The Earnings Per Share is expected to grow by 10.21% on average over the next years. This is quite good.
P2H is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.85% yearly.
EPS Next Y14.28%
EPS Next 2Y13.26%
EPS Next 3Y13.8%
EPS Next 5Y10.21%
Revenue Next Year19.25%
Revenue Next 2Y15.47%
Revenue Next 3Y15.15%
Revenue Next 5Y10.85%
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.
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 20.42, which indicates a rather expensive current valuation of P2H.
Based on the Price/Earnings ratio, P2H is valued a bit cheaper than 62.50% of the companies in the same industry.
When comparing the Price/Earnings ratio of P2H to the average of the S&P500 Index (26.31), we can say P2H is valued slightly cheaper.
The Price/Forward Earnings ratio is 16.95, which indicates a correct valuation of P2H.
Based on the Price/Forward Earnings ratio, P2H is valued a bit cheaper than the industry average as 70.83% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 36.59. P2H is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.42 | ||
| Fwd PE | 16.95 |
4.2 Price Multiples
75.00% of the companies in the same industry are more expensive than P2H, based on the Enterprise Value to EBITDA ratio.
P2H's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. P2H is cheaper than 65.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 36.71 | ||
| EV/EBITDA | 17.89 |
4.3 Compensation for Growth
P2H's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of P2H may justify a higher PE ratio.
A more expensive valuation may be justified as P2H's earnings are expected to grow with 13.80% in the coming years.
PEG (NY)1.43
PEG (5Y)4.04
EPS Next 2Y13.26%
EPS Next 3Y13.8%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.41%, P2H is a good candidate for dividend investing.
P2H's Dividend Yield is a higher than the industry average which is at 5.42.
Compared to an average S&P500 Dividend Yield of 2.40, P2H pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.41% |
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
5.3 Sustainability
91.15% of the earnings are spent on dividend by P2H. 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 2Y13.26%
EPS Next 3Y13.8%
FRA:P2H (11/26/2025, 7:00:00 PM)
1003
+8.6 (+0.86%)
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 Cap26.78B
Revenue(TTM)2.23B
Net Income(TTM)1.20B
Analysts70.91
Price Target1361.81 (35.77%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.41% |
Yearly Dividend42.11
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)5.36%
PT rev (3m)5.01%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)1.57%
EPS NY rev (3m)7.46%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)1.15%
Revenue NY rev (3m)8.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.42 | ||
| Fwd PE | 16.95 | ||
| P/S | 11.21 | ||
| P/FCF | 36.71 | ||
| P/OCF | 32.58 | ||
| P/B | 14.9 | ||
| P/tB | 19.05 | ||
| EV/EBITDA | 17.89 |
EPS(TTM)49.11
EY4.9%
EPS(NY)59.18
Fwd EY5.9%
FCF(TTM)27.32
FCFY2.72%
OCF(TTM)30.78
OCFY3.07%
SpS89.46
BVpS67.32
TBVpS52.65
PEG (NY)1.43
PEG (5Y)4.04
Graham Number272.74
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%
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 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 | 5.38 |
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 Y14.28%
EPS Next 2Y13.26%
EPS Next 3Y13.8%
EPS Next 5Y10.21%
Revenue 1Y (TTM)27.51%
Revenue growth 3Y-7.98%
Revenue growth 5Y5.46%
Sales Q2Q%23.32%
Revenue Next Year19.25%
Revenue Next 2Y15.47%
Revenue Next 3Y15.15%
Revenue Next 5Y10.85%
EBIT growth 1Y21.33%
EBIT growth 3Y-7.55%
EBIT growth 5Y5.37%
EBIT Next Year18.71%
EBIT Next 3Y16.08%
EBIT Next 5Y11.11%
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 of PARTNERS GROUP HOLDING AG (P2H.DE) 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.
What are the PE and PB ratios of PARTNERS GROUP HOLDING AG (P2H.DE) stock?
The Price/Earnings (PE) ratio for PARTNERS GROUP HOLDING AG (P2H.DE) is 20.42 and the Price/Book (PB) ratio is 14.9.
How sustainable is the dividend of PARTNERS GROUP HOLDING AG (P2H.DE) stock?
The dividend rating of PARTNERS GROUP HOLDING AG (P2H.DE) is 6 / 10 and the dividend payout ratio is 91.15%.