Balance Sheet Partners Group Holding AG

Equities

PGHN

CH0024608827

Investment Management & Fund Operators

Market Closed - Swiss Exchange Other stock markets 11:31:30 2026-02-09 am EST			5-day change	1st Jan Change
978.60 ^CHF	+1.10%		-6.80%	-0.39%

Jan. 29	Partners Group, BlackRock Unveil New Multi-alternatives Private Markets SMA Strategies	MT
Jan. 29	BlackRock and Partners Group Launches Private Markets SMA for Wealth Platforms	CI

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Published financial data: PARTNERS GROUP HOLDING AG

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	1.38B	2.59B	1.81B	1.86B	2.02B
Interest And Invest. Income (Rev)	25.3M	27.5M	51.3M	85M	104M
Other Revenues, Total	-	-	-	-100K	100K
Total Revenues	1.41B	2.62B	1.87B	1.94B	2.12B
Cost of Goods Sold, Total	430M	861M	596M	603M	658M
Gross Profit	977M	1.76B	1.27B	1.34B	1.46B
Selling General & Admin Expenses, Total	-	-	-	-	-
Stock-Based Compensation (IS)	600K	800K	800K	900K	700K
Depreciation & Amortization - (IS)	38.4M	39.7M	40.5M	41.1M	48.6M
Other Operating Expenses	53M	59.9M	96.4M	104M	105M
Other Operating Expenses, Total	92M	100M	138M	146M	154M
Operating Income	885M	1.66B	1.13B	1.19B	1.31B
Interest Expense, Total	-8.2M	-8.9M	-7.1M	-12.9M	-28M
Interest And Investment Income	2.8M	2.8M	4M	5M	8.4M
Net Interest Expenses	-5.4M	-6.1M	-3.1M	-7.9M	-19.6M
Income (Loss) On Equity Invest.	700K	2.7M	300K	-900K	-700K
Currency Exchange Gains (Loss)	10.3M	-33.4M	-8.7M	-38M	-25.9M
Other Non Operating Income (Expenses)	47.6M	113M	9.2M	62.8M	107M
EBT, Excl. Unusual Items	939M	1.73B	1.13B	1.21B	1.37B
Merger & Related Restructuring Charges	-	-	-	-	-400K
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Other Unusual Items	-10M	-6M	-	-	-
EBT, Incl. Unusual Items	929M	1.73B	1.13B	1.21B	1.37B
Income Tax Expense	124M	263M	124M	205M	242M
Earnings From Continuing Operations	805M	1.46B	1B	1B	1.13B
Net Income to Company	805M	1.46B	1B	1B	1.13B
Net Income - (IS)	805M	1.46B	1B	1B	1.13B
Net Income to Common Incl Extra Items	805M	1.46B	1B	1B	1.13B
Net Income to Common Excl. Extra Items	805M	1.46B	1B	1B	1.13B
Per Share Items
Net EPS - Basic	30.63	56.19	39.34	38.7	43.4
Basic EPS - Continuing Operations	30.63	56.19	39.34	38.7	43.4
Basic Weighted Average Shares Outstanding	26.27M	26.05M	25.54M	25.93M	25.98M
Net EPS - Diluted	30.36	55.12	39.09	38.55	43.08
Diluted EPS - Continuing Operations	30.36	55.12	39.09	38.55	43.08
Diluted Weighted Average Shares Outstanding	26.51M	26.55M	25.71M	26.03M	26.18M
Normalized Basic EPS	22.33	41.56	27.63	29.13	32.96
Normalized Diluted EPS	22.13	40.77	27.46	29.02	32.72
Dividend Per Share	27.5	33	37	39	42
Payout Ratio	83.06	49.51	85.68	95.59	90.27
Supplemental Items
EBITDA	895M	1.67B	1.14B	1.2B	1.32B
EBITA	886M	1.66B	1.13B	1.19B	1.31B
EBIT	885M	1.66B	1.13B	1.19B	1.31B
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	13.33	15.21	11.02	16.98	17.68
Total Current Taxes	135M	285M	175M	185M	204M
Total Deferred Taxes	-10.8M	-22.5M	-50.1M	20.4M	38.4M
Normalized Net Income	587M	1.08B	706M	755M	856M
Interest on Long-Term Debt	12.3M	13.3M	1.6M	3.9M	2.6M
Non-Cash Pension Expense	-900K	100K	100K	2.1M	-100K
Supplemental Operating Expense Items
General and Administrative Expenses	-	-	-	-	-
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., COGS (Total)	56.7M	54.7M	57.1M	57.1M	55.2M
Stock-Based Comp., Other (Total)	600K	800K	800K	900K	700K
Total Stock-Based Compensation	57.3M	55.5M	57.9M	58M	55.9M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.23B	911M	780M	281M	289M
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	1.23B	911M	780M	281M	289M
Accounts Receivable, Total	447M	618M	602M	752M	1.11B
Other Receivables	18.7M	24.9M	39.1M	66.8M	49.3M
Notes Receivable	674M	1.49B	1.32B	1.62B	1.63B
Total Receivables	1.14B	2.13B	1.97B	2.44B	2.79B
Prepaid Expenses	-	-	-	-	-
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	309M	87.2M	110M	350M	540M
Total Current Assets	2.68B	3.13B	2.86B	3.07B	3.62B
Gross Property Plant And Equipment	298M	336M	422M	547M	662M
Accumulated Depreciation	-61.7M	-79.5M	-98.9M	-110M	-129M
Net Property Plant And Equipment	236M	256M	324M	437M	533M
Long-term Investments	644M	740M	788M	836M	959M
Goodwill	30.8M	30.7M	30.3M	28M	44.7M
Other Intangibles, Total	9.5M	5.6M	6.4M	5.1M	16.6M
Accounts Receivable Long-Term	274M	450M	420M	283M	384M
Loans Receivable Long-Term	76.4M	75.2M	4.4M	2.1M	10.4M
Deferred Tax Assets Long-Term	64M	104M	110M	105M	63.9M
Deferred Charges Long-Term	22M	29.6M	37.9M	28M	38.4M
Other Long-Term Assets, Total	-	10.5M	-	12M	14.3M
Total Assets	4.03B	4.83B	4.58B	4.8B	5.68B
Liabilities
Accounts Payable, Total	81.3M	139M	97.5M	88.2M	156M
Accrued Expenses, Total	107M	288M	200M	185M	216M
Short-term Borrowings	-	-	270M	240M	715M
Current Portion of Long-Term Debt	-	-	-	300M	-
Current Portion of Leases	10.3M	10.9M	14.9M	14.3M	14.6M
Current Income Taxes Payable	46.2M	90.9M	115M	73.6M	85.4M
Other Current Liabilities	394M	200M	189M	191M	262M
Total Current Liabilities	639M	728M	886M	1.09B	1.45B
Long-Term Debt	799M	799M	799M	830M	1.33B
Long-Term Leases	56.6M	49.9M	62.6M	90.7M	84.8M
Unearned Revenue Non Current	-	-	-	-	12.4M
Pension & Other Post Retirement Benefits	214M	296M	335M	293M	287M
Deferred Tax Liability Non Current	3.4M	3.4M	6.7M	6.7M	9.5M
Other Non Current Liabilities	45.8M	57.6M	70.4M	65.2M	96.8M
Total Liabilities	1.76B	1.93B	2.16B	2.38B	3.27B
Common Stock, Total	300K	300K	300K	300K	300K
Retained Earnings	2.76B	3.5B	3.54B	3.62B	3.65B
Treasury Stock	-266M	-378M	-848M	-767M	-894M
Comprehensive Income and Other	-224M	-226M	-275M	-424M	-343M
Total Common Equity	2.27B	2.9B	2.42B	2.43B	2.41B
Total Equity	2.27B	2.9B	2.42B	2.43B	2.41B
Total Liabilities And Equity	4.03B	4.83B	4.58B	4.8B	5.68B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	26.35M	26.37M	25.91M	25.98M	25.9M
ECS Total Common Shares Outstanding	26.35M	26.37M	25.91M	25.98M	25.9M
Book Value / Share	86.31	109.92	93.26	93.41	93.19
Tangible Book Value	2.23B	2.86B	2.38B	2.39B	2.35B
Tangible Book Value Per Share	84.79	108.54	91.84	92.14	90.83
Total Debt	866M	860M	1.15B	1.48B	2.14B
Net Debt	-362M	-50.8M	367M	1.19B	1.86B
Debt Equivalent of Unfunded Proj. Benefit Obligation	2.4M	-10.5M	-16.1M	-11.2M	-13.7M
Debt Equivalent Oper. Leases	-	-	-	-	-
Equity Method Investments, Total	25M	18.3M	13.4M	9.9M	25.4M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	63.1M	63.1M	63.2M	62.6M	63M
Buildings, Total	87.3M	92.4M	93.9M	87.1M	286M
Machinery, Total	53M	54.5M	60.4M	67.5M	153M
Full Time Employees	1.53K	1.57K	1.84K	1.93K	1.78K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	805M	1.46B	1B	1B	1.13B
Depreciation & Amortization - CF	22.4M	21.6M	21.5M	24.4M	30.9M
Amortization of Goodwill and Intangible Assets - (CF)	900K	800K	600K	600K	1M
Depreciation & Amortization, Total	23.3M	22.4M	22.1M	25M	31.9M
Amortization of Deferred Charges, Total - (CF)	15.1M	17.3M	18.4M	16.1M	16.7M
(Gain) Loss on Sale of Investments - (CF)	-51.7M	-117M	-13.6M	-67.4M	-112M
(Income) Loss On Equity Investments - (CF)	-700K	-2.7M	-300K	1M	600K
Stock-Based Compensation (CF)	57.3M	55.5M	57.9M	58M	55.9M
Other Operating Activities, Total	-118M	184M	-66.6M	125M	46.6M
Change In Accounts Receivable	366M	-1B	120M	-597M	-335M
Change In Accounts Payable	58.4M	81.3M	-83.2M	79.4M	102M
Cash from Operations	1.15B	702M	1.06B	643M	934M
Capital Expenditure	-18.9M	-34.3M	-60.5M	-102M	-114M
Sale of Property, Plant, and Equipment	-	200K	-	-	-
Cash Acquisitions	-	-	-	-	-13.9M
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Sale (Purchase) of Intangible assets	-12M	-21.9M	-28.2M	-6.7M	-26.8M
Investment in Marketable and Equity Securities, Total	20.4M	31.4M	14.6M	-347M	-132M
Other Investing Activities, Total	2.8M	2.8M	4M	5M	8.4M
Cash from Investing	-7.7M	-21.8M	-70.1M	-451M	-279M
Short Term Debt Issued, Total	375M	375M	1.22B	1.5B	2.02B
Long-Term Debt Issued, Total	-	-	-	330M	499M
Total Debt Issued	375M	375M	1.22B	1.83B	2.52B
Short Term Debt Repaid, Total	-375M	-375M	-950M	-1.53B	-1.54B
Long-Term Debt Repaid, Total	-12.1M	-11.7M	-12.9M	-15.8M	-316M
Total Debt Repaid	-387M	-387M	-963M	-1.55B	-1.86B
Issuance of Common Stock	74.3M	153M	25.2M	78.5M	236M
Repurchase of Common Stock	-221M	-386M	-569M	-67M	-499M
Common Dividends Paid	-668M	-725M	-861M	-959M	-1.02B
Common & Preferred Stock Dividends Paid	-668M	-725M	-861M	-959M	-1.02B
Other Financing Activities, Total	-8.4M	-8.7M	-5.6M	-13.6M	-30.5M
Cash from Financing	-836M	-978M	-1.15B	-677M	-653M
Foreign Exchange Rate Adjustments	-16.2M	-18.9M	33.5M	-14.1M	6.1M
Net Change in Cash	295M	-317M	-131M	-498M	7.9M
Supplemental Items
Cash Interest Paid	8.4M	8.7M	5.6M	9M	25.3M
Cash Income Tax Paid (Refund)	150M	206M	184M	216M	182M
Levered Free Cash Flow	992M	386M	740M	-46.89M	404M
Unlevered Free Cash Flow	997M	392M	744M	-38.82M	421M
Change In Net Working Capital	-379M	683M	-27.3M	775M	361M
Net Debt Issued / Repaid	-12.1M	-11.7M	257M	285M	658M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	13.87	23.36	15.03	15.89	15.6
Return on Total Capital	17.58	30.01	19.32	19.97	19.34
Return On Equity %	35.28	56.58	37.82	41.44	46.59
Return on Common Equity	35.28	56.58	37.82	41.44	46.59
Margin Analysis
Gross Profit Margin %	69.45	67.12	68.06	68.93	68.97
SG&A Margin	-	-	-	-	-
EBITDA Margin %	63.6	63.67	61.15	61.88	62.31
EBITA Margin %	62.97	63.31	60.71	61.46	61.75
EBIT Margin %	62.91	63.28	60.67	61.43	61.7
Income From Continuing Operations Margin %	57.18	55.92	53.88	51.68	53.15
Net Income Margin %	57.18	55.92	53.88	51.68	53.15
Net Avail. For Common Margin %	57.18	55.92	53.88	51.68	53.15
Normalized Net Income Margin	41.68	41.36	37.84	38.91	40.36
Levered Free Cash Flow Margin	70.47	14.75	39.67	-2.42	19.02
Unlevered Free Cash Flow Margin	70.84	14.96	39.91	-2	19.84
Asset Turnover
Asset Turnover	0.35	0.59	0.4	0.41	0.4
Fixed Assets Turnover	5.95	10.63	6.43	5.11	4.38
Receivables Turnover (Average Receivables)	2.56	4.87	2.97	2.74	2.17
Short Term Liquidity
Current Ratio	4.19	4.3	3.22	2.81	2.5
Quick Ratio	2.65	2.13	1.6	1.01	1
Operating Cash Flow to Current Liabilities	1.81	0.96	1.2	0.59	0.64
Days Sales Outstanding (Average Receivables)	143.07	75.02	122.76	133.13	168.47
Average Days Payable Outstanding	63.62	46.63	72.32	56.17	67.87
Long Term Solvency
Total Debt/Equity	38.06	29.67	47.47	60.78	88.81
Total Debt / Total Capital	27.57	22.88	32.19	37.8	47.04
LT Debt/Equity	37.61	29.29	35.67	37.94	58.59
Long-Term Debt / Total Capital	27.24	22.59	24.19	23.6	31.03
Total Liabilities / Total Assets	43.59	40.02	47.2	49.49	57.52
EBIT / Interest Expense	107.98	186.11	159.39	92.45	46.76
EBITDA / Interest Expense	110.82	188.63	162.51	94.39	47.9
(EBITDA - Capex) / Interest Expense	108.51	184.78	153.99	86.48	43.81
Total Debt / EBITDA	0.95	0.51	0.99	1.21	1.6
Net Debt / EBITDA	-0.4	-0.03	0.32	0.98	1.38
Total Debt / (EBITDA - Capex)	0.97	0.52	1.05	1.32	1.75
Net Debt / (EBITDA - Capex)	-0.41	-0.03	0.34	1.07	1.51
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-12.44	85.97	-28.74	4.09	9.29
Gross Profit, 1 Yr. Growth %	-12.49	79.74	-27.74	5.42	9.36
EBITDA, 1 Yr. Growth %	-11.83	86.17	-31.31	5.34	10.05
EBITA, 1 Yr. Growth %	-12.11	86.98	-31.43	5.38	9.81
EBIT, 1 Yr. Growth %	-12.13	87.08	-31.43	5.38	9.78
Earnings From Cont. Operations, 1 Yr. Growth %	-10.57	81.86	-31.34	-0.15	12.39
Net Income, 1 Yr. Growth %	-10.57	81.86	-31.34	-0.15	12.39
Normalized Net Income, 1 Yr. Growth %	-9.51	84.55	-34.57	7.01	13.38
Diluted EPS Before Extra, 1 Yr. Growth %	-9.8	81.55	-29.08	-1.38	11.75
Accounts Receivable, 1 Yr. Growth %	-29.52	38.33	-2.54	24.91	47.02
Net Property, Plant and Equip., 1 Yr. Growth %	-0.42	8.55	26.21	35.01	22.02
Total Assets, 1 Yr. Growth %	2.08	19.86	-5.31	4.99	18.29
Tangible Book Value, 1 Yr. Growth %	-0.57	28.1	-16.86	0.6	-1.71
Common Equity, 1 Yr. Growth %	-0.59	27.43	-16.64	0.44	-0.53
Cash From Operations, 1 Yr. Growth %	20.15	-39.21	50.91	-39.53	45.22
Capital Expenditures, 1 Yr. Growth %	-83.38	81.48	76.38	68.6	12.06
Levered Free Cash Flow, 1 Yr. Growth %	99.37	-61.08	93.56	-106.34	-960.68
Unlevered Free Cash Flow, 1 Yr. Growth %	99.18	-60.73	91.93	-105.22	-1.18K
Dividend Per Share, 1 Yr. Growth %	7.84	20	12.12	5.41	7.69
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	3.18	27.61	15.12	-13.87	6.66
Gross Profit, 2 Yr. CAGR %	1.67	25.42	13.96	-12.72	7.37
EBITDA, 2 Yr. CAGR %	1.41	28.12	12.88	-14.94	7.67
EBITA, 2 Yr. CAGR %	1.18	28.2	13.03	-14.99	7.57
EBIT, 2 Yr. CAGR %	1.18	28.21	13.06	-14.99	7.56
Earnings From Cont. Operations, 2 Yr. CAGR %	2.28	27.53	11.74	-17.2	5.93
Net Income, 2 Yr. CAGR %	2.28	27.53	11.74	-17.2	5.93
Normalized Net Income, 2 Yr. CAGR %	2.84	29.23	9.69	-16.32	10.15
Diluted EPS Before Extra, 2 Yr. CAGR %	2.94	27.97	13.47	-16.37	4.98
Accounts Receivable, 2 Yr. CAGR %	11.35	-1.26	16.11	10.33	35.52
Net Property, Plant and Equip., 2 Yr. CAGR %	86.92	3.97	17.05	30.54	28.35
Total Assets, 2 Yr. CAGR %	16.93	10.62	6.54	-0.29	11.44
Tangible Book Value, 2 Yr. CAGR %	7.63	12.86	3.2	-8.55	-0.56
Common Equity, 2 Yr. CAGR %	7.51	12.55	3.07	-8.5	-0.05
Cash From Operations, 2 Yr. CAGR %	101.72	-14.53	-4.22	-4.27	-6.29
Capital Expenditures, 2 Yr. CAGR %	-34.39	-45.08	78.92	72.45	37.45
Levered Free Cash Flow, 2 Yr. CAGR %	106.76	-11.92	-13.63	-64.98	-26.15
Unlevered Free Cash Flow, 2 Yr. CAGR %	106.1	-11.56	-13.6	-68.36	-24.79
Dividend Per Share, 2 Yr. CAGR %	11.8	13.76	15.99	8.71	6.54
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	4.27	25.56	5.09	11.32	-6.76
Gross Profit, 3 Yr. CAGR %	3.47	22.93	4.36	11.04	-5.91
EBITDA, 3 Yr. CAGR %	3.09	24.18	3.96	10.31	-7.31
EBITA, 3 Yr. CAGR %	2.93	24.17	3.94	10.42	-7.42
EBIT, 3 Yr. CAGR %	2.95	24.19	3.95	10.44	-7.43
Earnings From Cont. Operations, 3 Yr. CAGR %	2.27	23.91	3.75	7.63	-8.32
Net Income, 3 Yr. CAGR %	2.27	23.91	3.75	7.63	-8.32
Normalized Net Income, 3 Yr. CAGR %	5.27	24.97	2.88	8.79	-7.41
Diluted EPS Before Extra, 3 Yr. CAGR %	2.62	24.37	5.11	8.29	-7.89
Accounts Receivable, 3 Yr. CAGR %	15.26	19.7	-1.69	18.97	21.41
Net Property, Plant and Equip., 3 Yr. CAGR %	103.57	55.95	10.91	22.75	27.63
Total Assets, 3 Yr. CAGR %	11.19	17.9	5.03	6.02	5.55
Tangible Book Value, 3 Yr. CAGR %	5.26	14.06	1.93	2.33	-6.32
Common Equity, 3 Yr. CAGR %	5.16	13.78	1.83	2.18	-5.91
Cash From Operations, 3 Yr. CAGR %	13.91	35.24	3.3	-17.72	9.99
Capital Expenditures, 3 Yr. CAGR %	22.03	-7.9	-18.97	75.41	49.37
Levered Free Cash Flow, 3 Yr. CAGR %	24.18	18.49	14.15	-63.84	1.83
Unlevered Free Cash Flow, 3 Yr. CAGR %	24.3	18.6	14.14	-66.1	2.78
Dividend Per Share, 3 Yr. CAGR %	13.12	14.47	13.21	12.35	8.37
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	17.87	21.89	8.48	7.99	5.71
Gross Profit, 5 Yr. CAGR %	19	21.8	7.55	7.19	5.55
EBITDA, 5 Yr. CAGR %	19.71	22.88	6.9	6.66	5.43
EBITA, 5 Yr. CAGR %	19.82	22.92	6.86	6.63	5.38
EBIT, 5 Yr. CAGR %	19.93	22.97	6.88	6.64	5.38
Earnings From Cont. Operations, 5 Yr. CAGR %	15.24	21.26	5.96	5.46	4.62
Net Income, 5 Yr. CAGR %	15.24	21.26	5.96	5.46	4.62
Normalized Net Income, 5 Yr. CAGR %	21.46	24.1	7.02	6.37	5.73
Diluted EPS Before Extra, 5 Yr. CAGR %	15.44	21.38	6.83	6.12	5.06
Accounts Receivable, 5 Yr. CAGR %	47.11	31	15.6	15.86	11.78
Net Property, Plant and Equip., 5 Yr. CAGR %	72.37	63.17	63.14	45.24	17.58
Total Assets, 5 Yr. CAGR %	21.85	20.17	9.31	10.25	7.55
Tangible Book Value, 5 Yr. CAGR %	13.58	13.76	4.43	4.41	0.92
Common Equity, 5 Yr. CAGR %	13.19	13.47	4.32	4.28	1.08
Cash From Operations, 5 Yr. CAGR %	33.09	10.88	6.28	17.78	-0.57
Capital Expenditures, 5 Yr. CAGR %	50.44	55.64	42.21	18.37	0.11
Levered Free Cash Flow, 5 Yr. CAGR %	41.26	13.7	7.39	-27.37	-4.1
Unlevered Free Cash Flow, 5 Yr. CAGR %	41.37	13.96	7.47	-30.22	-3.4
Dividend Per Share, 5 Yr. CAGR %	21.24	17.08	14.26	12.13	10.49