PARTNERS GROUP HOLDING AG (P2H.DE) Stock Fundamental Analysis
FRA:P2H - CH0024608827 - Common Stock
1144 EUR
+2.5 (+0.22%)
Overall P2H gets a fundamental rating of 6 out of 10. We evaluated P2H against 109 industry peers in the Capital Markets industry. P2H scores excellent on profitability, but there are some minor concerns on its financial health. P2H has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year P2H was profitable.
P2H had a positive operating cash flow in the past year.
In the past 5 years P2H has always been profitable.
Each year in the past 5 years P2H had a positive operating cash flow.
1.2 Ratios
The Return On Assets of P2H (19.35%) is better than 97.25% of its industry peers.
P2H's Return On Equity of 71.38% is amongst the best of the industry. P2H outperforms 100.00% of its industry peers.
With an excellent Return On Invested Capital value of 22.00%, P2H belongs to the best of the industry, outperforming 97.25% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for P2H is significantly above the industry average of 8.66%.
| 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 89.91% of its industry peers.
P2H's Profit Margin has been stable in the last couple of years.
P2H has a Operating Margin of 62.79%. This is amongst the best in the industry. P2H outperforms 91.74% 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 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
The number of shares outstanding for P2H has been reduced compared to 1 year ago.
P2H has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, P2H has a worse debt to assets ratio.
2.2 Solvency
P2H has an Altman-Z score of 5.85. This indicates that P2H is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 5.85, P2H belongs to the top of the industry, outperforming 89.91% of the companies in the same industry.
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 73.39% 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 of 1.80. This is comparable to the rest of the industry: P2H outperforms 42.20% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.8 | ||
| Debt/FCF | 4.46 | ||
| Altman-Z | 5.85 |
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.
Looking at the Current ratio, with a value of 1.50, P2H is in the better half of the industry, outperforming 73.39% of the companies in the same industry.
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.
Looking at the Quick ratio, with a value of 1.50, P2H is in the better half of the industry, outperforming 75.23% of the companies in the same industry.
| 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 nice 11.75% 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.
Looking at the last year, P2H shows a very strong growth in Revenue. 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)11.75%
EPS 3Y-7.89%
EPS 5Y5.06%
EPS Q2Q%13.97%
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 10.01% on average over the next years. This is quite good.
The Revenue is expected to grow by 10.64% on average over the next years. This is quite good.
EPS Next Y6.35%
EPS Next 2Y12.49%
EPS Next 3Y13.81%
EPS Next 5Y10.01%
Revenue Next Year9.95%
Revenue Next 2Y14.43%
Revenue Next 3Y15.11%
Revenue Next 5Y10.64%
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 24.77, which indicates a rather expensive current valuation of P2H.
P2H's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of P2H to the average of the S&P500 Index (27.02), we can say P2H is valued inline with the index average.
A Price/Forward Earnings ratio of 19.58 indicates a rather expensive valuation of P2H.
Based on the Price/Forward Earnings ratio, P2H is valued a bit cheaper than 69.72% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.66. P2H is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.77 | ||
| Fwd PE | 19.58 |
4.2 Price Multiples
73.39% of the companies in the same industry are more expensive than P2H, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, P2H is valued a bit cheaper than the industry average as 66.97% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 41.83 | ||
| EV/EBITDA | 20.27 |
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.
A more expensive valuation may be justified as P2H's earnings are expected to grow with 13.81% in the coming years.
PEG (NY)3.9
PEG (5Y)4.9
EPS Next 2Y12.49%
EPS Next 3Y13.81%
5. Dividend
5.1 Amount
P2H has a Yearly Dividend Yield of 3.93%.
P2H's Dividend Yield is a higher than the industry average which is at 6.20.
P2H's Dividend Yield is rather good when compared to the S&P500 average which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.93% |
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.
P2H's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP91.15%
EPS Next 2Y12.49%
EPS Next 3Y13.81%
FRA:P2H (9/8/2025, 7:00:00 PM)
1144
+2.5 (+0.22%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners44.56%
Inst Owner ChangeN/A
Ins Owners11.55%
Ins Owner ChangeN/A
Market Cap30.54B
Analysts71.82
Price Target1292.47 (12.98%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.93% |
Yearly Dividend41.79
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)-1.15%
PT rev (3m)-6.18%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-7.18%
EPS NY rev (3m)-7.18%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.38%
Revenue NY rev (3m)-6.36%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.77 | ||
| Fwd PE | 19.58 | ||
| P/S | 12.78 | ||
| P/FCF | 41.83 | ||
| P/OCF | 37.13 | ||
| P/B | 16.98 | ||
| P/tB | 21.71 | ||
| EV/EBITDA | 20.27 |
EPS(TTM)46.18
EY4.04%
EPS(NY)58.44
Fwd EY5.11%
FCF(TTM)27.35
FCFY2.39%
OCF(TTM)30.81
OCFY2.69%
SpS89.54
BVpS67.39
TBVpS52.7
PEG (NY)3.9
PEG (5Y)4.9
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 | 5.85 |
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)11.75%
EPS 3Y-7.89%
EPS 5Y5.06%
EPS Q2Q%13.97%
EPS Next Y6.35%
EPS Next 2Y12.49%
EPS Next 3Y13.81%
EPS Next 5Y10.01%
Revenue 1Y (TTM)27.51%
Revenue growth 3Y-7.98%
Revenue growth 5Y5.46%
Sales Q2Q%23.32%
Revenue Next Year9.95%
Revenue Next 2Y14.43%
Revenue Next 3Y15.11%
Revenue Next 5Y10.64%
EBIT growth 1Y21.33%
EBIT growth 3Y-7.55%
EBIT growth 5Y5.37%
EBIT Next Year21.29%
EBIT Next 3Y17.37%
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%