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PARTNERS GROUP HOLDING AG Financials Partners Group Holding AG
Equities
PGHN
CH0024608827
Investment Management & Fund Operators
|
Real-time Estimate
Other stock markets
|
|
5-day change | 1st Jan Change | |
| 1,163 CHF | +0.65% | +2.65% | +42.32% | |
| Nov. 30 | Greystar and Partners Group Break Ground on 7340 Wisconsin in Bethesda | CI |
| Nov. 23 | Factbox-Germany builds up LNG import terminals | RE |
Valuation
| Fiscal Period : December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 15 876 | 23 563 | 27 270 | 39 809 | 21 302 | 29 967 | - | - |
| Enterprise Value (EV) 1 | 15 763 | 23 483 | 26 898 | 39 747 | 20 792 | 30 330 | 30 208 | 30 083 |
| P/E ratio | 20,8x | 26,4x | 34,3x | 27,4x | 20,9x | 27,1x | 23,6x | 21,2x |
| Yield | 3,69% | 2,87% | 2,64% | 2,18% | 4,53% | 3,36% | 3,66% | 3,99% |
| Capitalization / Revenue | 12,0x | 14,6x | 19,3x | 15,1x | 11,4x | 14,0x | 12,0x | 10,8x |
| EV / Revenue | 11,9x | 14,6x | 19,0x | 15,1x | 11,1x | 14,1x | 12,1x | 10,9x |
| EV / EBITDA | 17,9x | 22,5x | 29,4x | 23,5x | 17,7x | 22,6x | 19,1x | 17,1x |
| EV / FCF | 65,7x | 27,7x | 23,7x | 59,5x | 20,8x | 27,4x | 24,1x | 20,2x |
| FCF Yield | 1,52% | 3,61% | 4,22% | 1,68% | 4,80% | 3,65% | 4,15% | 4,96% |
| Price to Book | 8,02x | 10,2x | 12,0x | 13,8x | 8,76x | 11,8x | 10,8x | 9,69x |
| Nbr of stocks (in thousands) | 26 638 | 26 552 | 26 221 | 26 320 | 26 079 | 25 934 | - | - |
| Reference price 2 | 596 | 887 | 1 040 | 1 513 | 817 | 1 156 | 1 156 | 1 156 |
| Announcement Date | 03/19/19 | 03/17/20 | 03/16/21 | 03/22/22 | 03/21/23 | - | - | - |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period : December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1 326 | 1 610 | 1 412 | 2 629 | 1 872 | 2 147 | 2 503 | 2 764 |
| EBITDA 1 | 882 | 1 041 | 914 | 1 690 | 1 172 | 1 340 | 1 578 | 1 759 |
| EBIT 1 | 865 | 1 008 | 875 | 1 650 | 1 132 | 1 292 | 1 540 | 1 720 |
| Operating Margin | 65,2% | 62,6% | 62,0% | 62,8% | 60,5% | 60,2% | 61,5% | 62,2% |
| Earnings before Tax (EBT) 1 | 888 | 1 037 | 929 | 1 726 | 1 129 | 1 330 | 1 551 | 1 761 |
| Net income 1 | 769 | 900 | 805 | 1 464 | 1 005 | 1 117 | 1 271 | 1 422 |
| Net margin | 58,0% | 55,9% | 57,0% | 55,7% | 53,7% | 52,0% | 50,8% | 51,5% |
| EPS 2 | 28,7 | 33,7 | 30,4 | 55,1 | 39,1 | 42,7 | 49,0 | 54,4 |
| Free Cash Flow 1 | 240 | 847 | 1 136 | 668 | 999 | 1 106 | 1 255 | 1 493 |
| FCF margin | 18,1% | 52,6% | 80,4% | 25,4% | 53,3% | 51,5% | 50,1% | 54,0% |
| FCF Conversion (EBITDA) | 27,2% | 81,3% | 124% | 39,5% | 85,2% | 82,6% | 79,5% | 84,8% |
| FCF Conversion (Net income) | 31,2% | 94,1% | 141% | 45,6% | 99,4% | 99,0% | 98,7% | 105% |
| Dividend per Share 2 | 22,0 | 25,5 | 27,5 | 33,0 | 37,0 | 38,9 | 42,3 | 46,1 |
| Announcement Date | 19/03/19 | 17/03/20 | 16/03/21 | 22/03/22 | 21/03/23 | - | - | - |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period : December | 2019 S1 | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 682 | 928 | 623 | 789 | 1 130 | 881 | 991 | 1 051 | 1 086 |
| EBITDA | - | - | - | - | 721 | 590 | 582 | - | - |
| EBIT | - | - | - | - | 702 | 570 | 562 | 644 | - |
| Operating Margin | - | - | - | - | 62,1% | 64,7% | 56,7% | 61,3% | - |
| Earnings before Tax (EBT) | - | - | - | - | - | 550 | 580 | 661 | - |
| Net income | - | - | - | - | 629 | 464 | 541 | 551 | - |
| Net margin | - | - | - | - | 55,7% | 52,7% | 54,6% | 52,4% | - |
| EPS 2 | 14,8 | 18,9 | 11,7 | 18,7 | 23,5 | 17,5 | 21,6 | - | 19,7 |
| Dividend per Share | - | - | - | - | - | - | 37,0 | - | - |
| Announcement Date | 09/10/19 | 03/17/20 | 09/08/20 | 03/16/21 | 09/07/21 | 08/30/22 | 03/21/23 | 09/05/23 | - |
1CHF in Million2CHF
Estimates
Balance Sheet Analysis
| Fiscal Period : December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | 363 | 241 | 116 |
| Net Cash position 1 | 113 | 79,2 | 372 | 61,7 | 510 | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | 0,27x | 0,15x | 0,07x |
| Free Cash Flow 1 | 240 | 847 | 1 136 | 668 | 999 | 1 106 | 1 255 | 1 493 |
| ROE (net income / shareholders' equity) | 39,2% | 42,0% | 35,3% | 56,6% | 38,0% | 44,7% | 47,9% | 49,3% |
| Shareholders' equity 1 | 1 962 | 2 143 | 2 282 | 2 587 | 2 644 | 2 497 | 2 653 | 2 884 |
| ROA (Net income/ Total Assets) | 26,1% | 26,1% | 20,2% | 33,0% | 21,4% | 24,0% | 26,7% | 28,4% |
| Assets 1 | 2 941 | 3 450 | 3 992 | 4 434 | 4 704 | 4 660 | 4 766 | 5 007 |
| Book Value Per Share 2 | 74,3 | 86,6 | 86,3 | 110 | 93,3 | 98,1 | 107 | 119 |
| Cash Flow per Share 2 | 10,6 | 35,9 | 43,6 | 26,4 | 41,2 | 41,7 | 45,7 | 54,7 |
| Capex 1 | 43,9 | 114 | 18,9 | 34,3 | 60,5 | 35,1 | 38,3 | 43,4 |
| Capex / Sales | 3,31% | 7,06% | 1,34% | 1,30% | 3,23% | 1,63% | 1,53% | 1,57% |
| Announcement Date | 03/19/19 | 03/17/20 | 03/16/21 | 03/22/22 | 03/21/23 | - | - | - |
1CHF in Million2CHF
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating :
Investor Rating :
ESG Refinitiv :
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
1,155.5CHF
Average target price
1,081.57CHF
Spread / Average Target
-6.4%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +42.32% | 34 427 M $ | |
| +14.32% | 28 613 M $ | |
| +42.1% | 5 388 M $ | |
| +15.41% | 3 205 M $ | |
| +13.45% | 2 532 M $ | |
| -11.24% | 2 123 M $ | |
| 0% | 1 361 M $ | |
| -20.7% | 1 052 M $ | |
| +3.59% | 930 M $ | |
| +2.35% | 805 M $ |
- Stock
- Equities
- Stock Partners Group Holding AG - Swiss Exchange
- Financials Partners Group Holding AG
