PATRIA INVESTMENTS LTD-A (PAX) Stock Fundamental Analysis
NASDAQ:PAX - KYG694511059 - Common Stock
13.54 USD
+0.07 (+0.52%)
13.6 USD
+0.06 (+0.44%)
Taking everything into account, PAX scores 5 out of 10 in our fundamental rating. PAX was compared to 239 industry peers in the Capital Markets industry. PAX has only an average score on both its financial health and profitability. PAX has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year PAX was profitable.
PAX had a positive operating cash flow in the past year.
In the past 5 years PAX has always been profitable.
Each year in the past 5 years PAX had a positive operating cash flow.
1.2 Ratios
PAX's Return On Assets of 5.40% is fine compared to the rest of the industry. PAX outperforms 74.48% of its industry peers.
PAX has a better Return On Equity (13.21%) than 72.38% of its industry peers.
PAX has a Return On Invested Capital of 12.65%. This is amongst the best in the industry. PAX outperforms 87.45% of its industry peers.
PAX had an Average Return On Invested Capital over the past 3 years of 15.82%. This is significantly above the industry average of 7.59%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.4% | ||
| ROE | 13.21% | ||
| ROIC | 12.65% |
ROA(3y)9.06%
ROA(5y)20.26%
ROE(3y)17.86%
ROE(5y)36.77%
ROIC(3y)15.82%
ROIC(5y)32.16%
1.3 Margins
Looking at the Profit Margin, with a value of 18.47%, PAX is in line with its industry, outperforming 54.39% of the companies in the same industry.
PAX's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 33.99%, PAX is doing good in the industry, outperforming 60.67% of the companies in the same industry.
PAX's Operating Margin has declined in the last couple of years.
The Gross Margin of PAX (51.51%) is better than 60.25% of its industry peers.
In the last couple of years the Gross Margin of PAX has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 33.99% | ||
| PM (TTM) | 18.47% | ||
| GM | 51.51% |
OM growth 3Y-15.59%
OM growth 5Y-8.18%
PM growth 3Y-28.26%
PM growth 5Y-16.57%
GM growth 3Y-5.8%
GM growth 5Y-4.11%
2. Health
2.1 Basic Checks
The number of shares outstanding for PAX has been increased compared to 1 year ago.
Compared to 5 years ago, PAX has more shares outstanding
Compared to 1 year ago, PAX has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.27 indicates that PAX is not a great score, but indicates only limited risk for bankruptcy at the moment.
PAX has a Altman-Z score of 2.27. This is in the better half of the industry: PAX outperforms 71.13% of its industry peers.
PAX has a debt to FCF ratio of 1.10. This is a very positive value and a sign of high solvency as it would only need 1.10 years to pay back of all of its debts.
PAX has a better Debt to FCF ratio (1.10) than 89.54% of its industry peers.
A Debt/Equity ratio of 0.31 indicates that PAX is not too dependend on debt financing.
The Debt to Equity ratio of PAX (0.31) is better than 72.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | 1.1 | ||
| Altman-Z | 2.27 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
PAX has a Current Ratio of 0.97. This is a bad value and indicates that PAX is not financially healthy enough and could expect problems in meeting its short term obligations.
PAX has a Current ratio (0.97) which is in line with its industry peers.
PAX has a Quick Ratio of 0.97. 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 (0.97) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.97 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 13.27% over the past year.
Measured over the past 5 years, PAX shows a small growth in Earnings Per Share. The EPS has been growing by 1.20% on average per year.
The Revenue has grown by 13.64% in the past year. This is quite good.
Measured over the past years, PAX shows a very strong growth in Revenue. The Revenue has been growing by 24.89% on average per year.
EPS 1Y (TTM)13.27%
EPS 3Y6.45%
EPS 5Y1.2%
EPS Q2Q%9.09%
Revenue 1Y (TTM)13.64%
Revenue growth 3Y16.7%
Revenue growth 5Y24.89%
Sales Q2Q%10%
3.2 Future
The Earnings Per Share is expected to decrease by -4.48% on average over the next years.
PAX is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 19.10% yearly.
EPS Next Y-3.07%
EPS Next 2Y-6.79%
EPS Next 3Y-4.48%
EPS Next 5YN/A
Revenue Next Year16.26%
Revenue Next 2Y19.23%
Revenue Next 3Y19.1%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 10.58 indicates a reasonable valuation of PAX.
70.29% of the companies in the same industry are more expensive than PAX, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.13, PAX is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 12.57, the valuation of PAX can be described as correct.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PAX indicates a somewhat cheap valuation: PAX is cheaper than 61.09% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of PAX to the average of the S&P500 Index (22.76), we can say PAX is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.58 | ||
| Fwd PE | 12.57 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PAX is valued cheaper than 85.36% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, PAX is valued a bit cheaper than 70.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.05 | ||
| EV/EBITDA | 12.74 |
4.3 Compensation for Growth
The decent profitability rating of PAX may justify a higher PE ratio.
A cheap valuation may be justified as PAX's earnings are expected to decrease with -4.48% in the coming years.
PEG (NY)N/A
PEG (5Y)8.83
EPS Next 2Y-6.79%
EPS Next 3Y-4.48%
5. Dividend
5.1 Amount
PAX has a Yearly Dividend Yield of 4.45%, which is a nice return.
Compared to an average industry Dividend Yield of 7.91, PAX has a dividend in line with its industry peers.
PAX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.45% |
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
PAX pays out 133.26% of its income as dividend. This is not a sustainable payout ratio.
DP133.26%
EPS Next 2Y-6.79%
EPS Next 3Y-4.48%
13.54
+0.07 (+0.52%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners70.84%
Inst Owner Change7.49%
Ins Owners0.34%
Ins Owner ChangeN/A
Market Cap2.16B
Analysts74
Price Target16.22 (19.79%)
Short Float %3.89%
Short Ratio5.03
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.45% |
Yearly Dividend0.88
Dividend Growth(5Y)N/A
DP133.26%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)28.37%
Min EPS beat(2)-8.91%
Max EPS beat(2)65.65%
EPS beat(4)1
Avg EPS beat(4)11.96%
Min EPS beat(4)-8.91%
Max EPS beat(4)65.65%
EPS beat(8)3
Avg EPS beat(8)2.16%
EPS beat(12)5
Avg EPS beat(12)2.23%
EPS beat(16)8
Avg EPS beat(16)24.05%
Revenue beat(2)1
Avg Revenue beat(2)21.24%
Min Revenue beat(2)-26.12%
Max Revenue beat(2)68.61%
Revenue beat(4)3
Avg Revenue beat(4)12.95%
Min Revenue beat(4)-26.12%
Max Revenue beat(4)68.61%
Revenue beat(8)6
Avg Revenue beat(8)12.75%
Revenue beat(12)8
Avg Revenue beat(12)10.77%
Revenue beat(16)11
Avg Revenue beat(16)26.22%
PT rev (1m)6.71%
PT rev (3m)6.71%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-15.15%
EPS NY rev (1m)-11.63%
EPS NY rev (3m)-11.41%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-8.25%
Revenue NY rev (1m)-7.84%
Revenue NY rev (3m)-9.44%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.58 | ||
| Fwd PE | 12.57 | ||
| P/S | 5.53 | ||
| P/FCF | 11.05 | ||
| P/OCF | 10.58 | ||
| P/B | 3.96 | ||
| P/tB | N/A | ||
| EV/EBITDA | 12.74 |
EPS(TTM)1.28
EY9.45%
EPS(NY)1.08
Fwd EY7.96%
FCF(TTM)1.22
FCFY9.05%
OCF(TTM)1.28
OCFY9.45%
SpS2.45
BVpS3.42
TBVpS-1.45
PEG (NY)N/A
PEG (5Y)8.83
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.4% | ||
| ROE | 13.21% | ||
| ROCE | 14.37% | ||
| ROIC | 12.65% | ||
| ROICexc | 14.28% | ||
| ROICexgc | 287.19% | ||
| OM | 33.99% | ||
| PM (TTM) | 18.47% | ||
| GM | 51.51% | ||
| FCFM | 50.05% |
ROA(3y)9.06%
ROA(5y)20.26%
ROE(3y)17.86%
ROE(5y)36.77%
ROIC(3y)15.82%
ROIC(5y)32.16%
ROICexc(3y)24.59%
ROICexc(5y)50.4%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)17.97%
ROCE(5y)36.54%
ROICexcg growth 3Y69.86%
ROICexcg growth 5Y42.83%
ROICexc growth 3Y-16.38%
ROICexc growth 5Y-27.63%
OM growth 3Y-15.59%
OM growth 5Y-8.18%
PM growth 3Y-28.26%
PM growth 5Y-16.57%
GM growth 3Y-5.8%
GM growth 5Y-4.11%
F-Score3
Asset Turnover0.29
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | 1.1 | ||
| Debt/EBITDA | 0.98 | ||
| Cap/Depr | 22% | ||
| Cap/Sales | 2.24% | ||
| Interest Coverage | 93.68 | ||
| Cash Conversion | 118.33% | ||
| Profit Quality | 270.95% | ||
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.97 | ||
| Altman-Z | 2.27 |
F-Score3
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)26.69%
Cap/Depr(5y)21.94%
Cap/Sales(3y)2.29%
Cap/Sales(5y)1.65%
Profit Quality(3y)132.69%
Profit Quality(5y)113.61%
High Growth Momentum
Growth
EPS 1Y (TTM)13.27%
EPS 3Y6.45%
EPS 5Y1.2%
EPS Q2Q%9.09%
EPS Next Y-3.07%
EPS Next 2Y-6.79%
EPS Next 3Y-4.48%
EPS Next 5YN/A
Revenue 1Y (TTM)13.64%
Revenue growth 3Y16.7%
Revenue growth 5Y24.89%
Sales Q2Q%10%
Revenue Next Year16.26%
Revenue Next 2Y19.23%
Revenue Next 3Y19.1%
Revenue Next 5YN/A
EBIT growth 1Y1.45%
EBIT growth 3Y-1.48%
EBIT growth 5Y14.68%
EBIT Next Year45.88%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y149.79%
FCF growth 3Y9.2%
FCF growth 5Y25.48%
OCF growth 1Y142.79%
OCF growth 3Y10.71%
OCF growth 5Y26.83%