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

FRA:P2H • CH0024608827

Current stock price

892.8 EUR
-7 (-0.78%)
Last:

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

7

1. P2H.DE Profitability Analysis

1.1 Basic Checks

  • In the past year P2H was profitable.
  • In the past year P2H had a positive cash flow from operations.
  • Each year in the past 5 years P2H has been profitable.
  • Each year in the past 5 years P2H had a positive operating cash flow.
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

  • P2H has a better Return On Assets (19.35%) than 95.83% of its industry peers.
  • P2H's Return On Equity of 71.38% is amongst the best of the industry. P2H outperforms 99.17% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 22.00%, P2H belongs to the top of the industry, outperforming 96.67% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for P2H is significantly above the industry average of 9.05%.
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

  • P2H's Profit Margin of 53.72% is amongst the best of 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 90.83% of the companies in the same industry.
  • P2H's Operating Margin has been stable in the last couple of years.
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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6

2. P2H.DE Health Analysis

2.1 Basic Checks

  • Compared to 1 year ago, P2H has less shares outstanding
  • P2H has less shares outstanding than it did 5 years ago.
  • 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 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

  • P2H has an Altman-Z score of 4.95. This indicates that P2H is financially healthy and has little risk of bankruptcy at the moment.
  • P2H has a Altman-Z score of 4.95. This is amongst the best in the industry. P2H outperforms 89.17% 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.
  • Looking at the Debt to FCF ratio, with a value of 4.46, P2H is in the better half of the industry, outperforming 75.83% of the companies in the same industry.
  • A Debt/Equity ratio of 1.80 is on the high side and indicates that P2H has dependencies on debt financing.
  • P2H has a Debt to Equity ratio of 1.80. This is comparable to the rest of the industry: P2H outperforms 43.33% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.8
Debt/FCF 4.46
Altman-Z 4.95
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

  • P2H has a Current 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.
  • With a decent Current ratio value of 1.50, P2H is doing good in the industry, outperforming 76.67% of the companies in the same industry.
  • 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 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. P2H.DE Growth Analysis

3.1 Past

  • P2H shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 24.93%, which is quite impressive.
  • 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%.
  • Measured over the past years, P2H shows a small growth in Revenue. The Revenue has been growing by 5.46% on average per year.
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

  • Based on estimates for the next years, P2H will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.58% on average per year.
  • The Revenue is expected to grow by 10.21% on average over the next years. This is quite good.
EPS Next Y16.85%
EPS Next 2Y11.49%
EPS Next 3Y14.15%
EPS Next 5Y9.58%
Revenue Next Year21.41%
Revenue Next 2Y13.58%
Revenue Next 3Y15.3%
Revenue Next 5Y10.21%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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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5

4. P2H.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • P2H is valuated rather expensively with a Price/Earnings ratio of 17.59.
  • 62.50% of the companies in the same industry are more expensive than P2H, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 25.96. P2H is valued slightly cheaper when compared to this.
  • The Price/Forward Earnings ratio is 15.06, which indicates a correct 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 71.67% of the companies listed in the same industry.
  • P2H's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.04.
Industry RankSector Rank
PE 17.59
Fwd PE 15.06
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 80.00% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, P2H is valued a bit cheaper than the industry average as 68.33% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 31.62
EV/EBITDA 15.65
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.
  • P2H's earnings are expected to grow with 14.15% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.04
PEG (5Y)3.48
EPS Next 2Y11.49%
EPS Next 3Y14.15%

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

6

5. P2H.DE Dividend Analysis

5.1 Amount

  • P2H has a Yearly Dividend Yield of 5.70%, which is a nice return.
  • Compared to an average industry Dividend Yield of 3.27, P2H pays a better dividend. On top of this P2H pays more dividend than 83.33% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.91, P2H pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.7%

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 2026 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 2Y11.49%
EPS Next 3Y14.15%
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

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P2H.DE Fundamentals: All Metrics, Ratios and Statistics

PARTNERS GROUP HOLDING AG

FRA:P2H (3/16/2026, 7:00:00 PM)

892.8

-7 (-0.78%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)03-10
Earnings (Next)N/A
Inst Owners40.93%
Inst Owner ChangeN/A
Ins Owners11.55%
Ins Owner ChangeN/A
Market Cap23.84B
Revenue(TTM)2.23B
Net Income(TTM)1.20B
Analysts75.45
Price Target1461.23 (63.67%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.7%
Yearly Dividend43.44
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)5.62%
PT rev (3m)7.3%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.17%
EPS NY rev (3m)2.25%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)1.37%
Revenue NY rev (3m)1.81%
Valuation
Industry RankSector Rank
PE 17.59
Fwd PE 15.06
P/S 9.66
P/FCF 31.62
P/OCF 28.06
P/B 12.83
P/tB 16.41
EV/EBITDA 15.65
EPS(TTM)50.75
EY5.68%
EPS(NY)59.28
Fwd EY6.64%
FCF(TTM)28.24
FCFY3.16%
OCF(TTM)31.81
OCFY3.56%
SpS92.46
BVpS69.58
TBVpS54.41
PEG (NY)1.04
PEG (5Y)3.48
Graham Number281.87
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 4.95
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 Y16.85%
EPS Next 2Y11.49%
EPS Next 3Y14.15%
EPS Next 5Y9.58%
Revenue 1Y (TTM)27.51%
Revenue growth 3Y-7.98%
Revenue growth 5Y5.46%
Sales Q2Q%23.32%
Revenue Next Year21.41%
Revenue Next 2Y13.58%
Revenue Next 3Y15.3%
Revenue Next 5Y10.21%
EBIT growth 1Y21.33%
EBIT growth 3Y-7.55%
EBIT growth 5Y5.37%
EBIT Next Year23.95%
EBIT Next 3Y16.08%
EBIT Next 5Y10.48%
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 Fundamental Analysis 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 17.59 and the Price/Book (PB) ratio is 12.83.


Can you provide the financial health for P2H stock?

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