PATRIA INVESTMENTS LTD-A (PAX) Fundamental Analysis & Valuation
NASDAQ:PAX • KYG694511059
11.97 USD
-0.36 (-2.92%)
At close: Mar 6, 2026
12.41 USD
+0.44 (+3.68%)
After Hours: 3/6/2026, 4:30:03 PM
This PAX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Taking everything into account, PAX scores 5 out of 10 in our fundamental rating. PAX was compared to 238 industry peers in the Capital Markets industry. PAX has only an average score on both its financial health and profitability. A decent growth rate in combination with a cheap valuation! Better keep an eye on PAX.
1. PAX Profitability Analysis
1.1 Basic Checks
- In the past year PAX was profitable.
- In the past year PAX had a positive cash flow from operations.
- Each year in the past 5 years PAX has been profitable.
- PAX had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 8.02%, PAX belongs to the top of the industry, outperforming 80.25% of the companies in the same industry.
- PAX has a better Return On Equity (18.13%) than 80.25% of its industry peers.
- The Return On Invested Capital of PAX (12.62%) is better than 87.82% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.02% | ||
| ROE | 18.13% | ||
| ROIC | 12.62% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
- PAX's Profit Margin of 26.20% is fine compared to the rest of the industry. PAX outperforms 65.97% of its industry peers.
- PAX's Profit Margin has declined in the last couple of years.
- Looking at the Operating Margin, with a value of 38.14%, PAX is in the better half of the industry, outperforming 68.07% of the companies in the same industry.
- In the last couple of years the Operating Margin of PAX has declined.
- PAX's Gross Margin of 52.07% is in line compared to the rest of the industry. PAX outperforms 58.40% of its industry peers.
- PAX's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 38.14% | ||
| PM (TTM) | 26.2% | ||
| GM | 52.07% |
OM growth 3Y-4.89%
OM growth 5Y-10.09%
PM growth 3Y-14.31%
PM growth 5Y-16.14%
GM growth 3Y-5.15%
GM growth 5Y-8.62%
2. PAX Health Analysis
2.1 Basic Checks
- There is no outstanding debt for PAX. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
- An Altman-Z score of 2.21 indicates that PAX is not a great score, but indicates only limited risk for bankruptcy at the moment.
- PAX has a better Altman-Z score (2.21) than 70.59% of its industry peers.
- The Debt to FCF ratio of PAX is 0.70, which is an excellent value as it means it would take PAX, only 0.70 years of fcf income to pay off all of its debts.
- Looking at the Debt to FCF ratio, with a value of 0.70, PAX belongs to the top of the industry, outperforming 90.34% of the companies in the same industry.
- PAX has a Debt/Equity ratio of 0.21. This is a healthy value indicating a solid balance between debt and equity.
- PAX has a better Debt to Equity ratio (0.21) than 73.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 0.7 | ||
| Altman-Z | 2.21 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
- A Current Ratio of 0.69 indicates that PAX may have some problems paying its short term obligations.
- The Current ratio of PAX (0.69) is worse than 65.97% of its industry peers.
- PAX has a Quick Ratio of 0.69. This is a bad value and indicates that PAX is not financially healthy enough and could expect problems in meeting its short term obligations.
- The Quick ratio of PAX (0.69) is worse than 65.55% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.69 | ||
| Quick Ratio | 0.69 |
3. PAX Growth Analysis
3.1 Past
- The Earnings Per Share has been growing slightly by 2.42% over the past year.
- The Earnings Per Share has been growing slightly by 3.33% on average over the past years.
- PAX shows a small growth in Revenue. In the last year, the Revenue has grown by 1.93%.
- PAX shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 27.11% yearly.
EPS 1Y (TTM)2.42%
EPS 3Y8.29%
EPS 5Y3.33%
EPS Q2Q%-13.79%
Revenue 1Y (TTM)1.93%
Revenue growth 3Y13.54%
Revenue growth 5Y27.11%
Sales Q2Q%-15.27%
3.2 Future
- Based on estimates for the next years, PAX will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.65% on average per year.
- The Revenue is expected to grow by 13.89% on average over the next years. This is quite good.
EPS Next Y2.91%
EPS Next 2Y6.73%
EPS Next 3Y11.65%
EPS Next 5YN/A
Revenue Next Year17.92%
Revenue Next 2Y16.89%
Revenue Next 3Y13.89%
Revenue Next 5YN/A
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.
- Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. PAX Valuation Analysis
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 9.43 indicates a reasonable valuation of PAX.
- Based on the Price/Earnings ratio, PAX is valued a bit cheaper than the industry average as 65.97% of the companies are valued more expensively.
- PAX's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.69.
- The Price/Forward Earnings ratio is 9.16, which indicates a very decent valuation of PAX.
- PAX's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. PAX is cheaper than 72.27% of the companies in the same industry.
- When comparing the Price/Forward Earnings ratio of PAX to the average of the S&P500 Index (24.79), we can say PAX is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.43 | ||
| Fwd PE | 9.16 |
4.2 Price Multiples
- 87.39% of the companies in the same industry are more expensive than PAX, based on the Enterprise Value to EBITDA ratio.
- PAX's Price/Free Cash Flow ratio is rather cheap when compared to the industry. PAX is cheaper than 81.93% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.76 | ||
| EV/EBITDA | 10.23 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates PAX does not grow enough to justify the current Price/Earnings ratio.
- PAX has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)3.24
PEG (5Y)2.83
EPS Next 2Y6.73%
EPS Next 3Y11.65%
5. PAX Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 4.44%, PAX is a good candidate for dividend investing.
- The stock price of PAX dropped by -21.35% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
- Compared to an average industry Dividend Yield of 6.33, PAX has a dividend in line with its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, PAX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.44% |
5.2 History
- PAX has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 88.61% of the earnings are spent on dividend by PAX. This is not a sustainable payout ratio.
DP88.61%
EPS Next 2Y6.73%
EPS Next 3Y11.65%
PAX Fundamentals: All Metrics, Ratios and Statistics
11.97
-0.36 (-2.92%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-03 2026-02-03/bmo
Earnings (Next)04-30 2026-04-30
Inst Owners77.22%
Inst Owner Change2.22%
Ins Owners0.43%
Ins Owner ChangeN/A
Market Cap1.91B
Revenue(TTM)381.81M
Net Income(TTM)106.34M
Analysts72.73
Price Target17.68 (47.7%)
Short Float %7.63%
Short Ratio5.36
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.44% |
Yearly Dividend0.88
Dividend Growth(5Y)N/A
DP88.61%
Div Incr Years0
Div Non Decr Years0
Ex-Date02-20 2026-02-20 (0.15)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.29%
Min EPS beat(2)-15.13%
Max EPS beat(2)15.72%
EPS beat(4)2
Avg EPS beat(4)14.33%
Min EPS beat(4)-15.13%
Max EPS beat(4)65.65%
EPS beat(8)3
Avg EPS beat(8)5.35%
EPS beat(12)6
Avg EPS beat(12)3.06%
EPS beat(16)7
Avg EPS beat(16)3.78%
Revenue beat(2)1
Avg Revenue beat(2)-3.87%
Min Revenue beat(2)-10.56%
Max Revenue beat(2)2.82%
Revenue beat(4)2
Avg Revenue beat(4)8.69%
Min Revenue beat(4)-26.12%
Max Revenue beat(4)68.61%
Revenue beat(8)6
Avg Revenue beat(8)10.27%
Revenue beat(12)8
Avg Revenue beat(12)10.19%
Revenue beat(16)10
Avg Revenue beat(16)8.31%
PT rev (1m)4%
PT rev (3m)7.22%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.86%
EPS NY rev (1m)-0.15%
EPS NY rev (3m)6.07%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.86%
Revenue NY rev (1m)-3.78%
Revenue NY rev (3m)-1.48%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.43 | ||
| Fwd PE | 9.16 | ||
| P/S | 4.7 | ||
| P/FCF | 7.76 | ||
| P/OCF | 7.1 | ||
| P/B | 3.26 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.23 |
EPS(TTM)1.27
EY10.61%
EPS(NY)1.31
Fwd EY10.92%
FCF(TTM)1.54
FCFY12.88%
OCF(TTM)1.69
OCFY14.08%
SpS2.54
BVpS3.68
TBVpS-1.52
PEG (NY)3.24
PEG (5Y)2.83
Graham Number10.25
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.02% | ||
| ROE | 18.13% | ||
| ROCE | 15.98% | ||
| ROIC | 12.62% | ||
| ROICexc | 13.34% | ||
| ROICexgc | 140.27% | ||
| OM | 38.14% | ||
| PM (TTM) | 26.2% | ||
| GM | 52.07% | ||
| FCFM | 60.58% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-4.89%
OM growth 5Y-10.09%
PM growth 3Y-14.31%
PM growth 5Y-16.14%
GM growth 3Y-5.15%
GM growth 5Y-8.62%
F-Score7
Asset Turnover0.31
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 0.7 | ||
| Debt/EBITDA | 0.62 | ||
| Cap/Depr | 49.28% | ||
| Cap/Sales | 5.64% | ||
| Interest Coverage | 83.54 | ||
| Cash Conversion | 133.53% | ||
| Profit Quality | 231.22% | ||
| Current Ratio | 0.69 | ||
| Quick Ratio | 0.69 | ||
| Altman-Z | 2.21 |
F-Score7
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)2.42%
EPS 3Y8.29%
EPS 5Y3.33%
EPS Q2Q%-13.79%
EPS Next Y2.91%
EPS Next 2Y6.73%
EPS Next 3Y11.65%
EPS Next 5YN/A
Revenue 1Y (TTM)1.93%
Revenue growth 3Y13.54%
Revenue growth 5Y27.11%
Sales Q2Q%-15.27%
Revenue Next Year17.92%
Revenue Next 2Y16.89%
Revenue Next 3Y13.89%
Revenue Next 5YN/A
EBIT growth 1Y33.1%
EBIT growth 3Y7.98%
EBIT growth 5Y14.29%
EBIT Next Year10.74%
EBIT Next 3Y12.74%
EBIT Next 5YN/A
FCF growth 1Y64.93%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y68.57%
OCF growth 3YN/A
OCF growth 5YN/A
PATRIA INVESTMENTS LTD-A / PAX FAQ
What is the fundamental rating for PAX stock?
ChartMill assigns a fundamental rating of 5 / 10 to PAX.
What is the valuation status for PAX stock?
ChartMill assigns a valuation rating of 7 / 10 to PATRIA INVESTMENTS LTD-A (PAX). This can be considered as Undervalued.
How profitable is PATRIA INVESTMENTS LTD-A (PAX) stock?
PATRIA INVESTMENTS LTD-A (PAX) has a profitability rating of 6 / 10.
What is the valuation of PATRIA INVESTMENTS LTD-A based on its PE and PB ratios?
The Price/Earnings (PE) ratio for PATRIA INVESTMENTS LTD-A (PAX) is 9.43 and the Price/Book (PB) ratio is 3.26.
What is the financial health of PATRIA INVESTMENTS LTD-A (PAX) stock?
The financial health rating of PATRIA INVESTMENTS LTD-A (PAX) is 4 / 10.