Financials Partners Group Holding AG

Equities

PGHN

CH0024608827

Investment Management & Fund Operators

Market Closed - Swiss Exchange 09:01:08 18/07/2024 pm IST 5-day change 1st Jan Change
1,195 CHF -1.08% Intraday chart for Partners Group Holding AG -2.53% -1.48%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 23,563 27,270 39,809 21,302 31,458 31,384 - -
Enterprise Value (EV) 1 23,483 26,898 39,747 20,792 32,638 32,450 32,347 32,113
P/E ratio 26.4 x 34.3 x 27.4 x 20.9 x 31.5 x 27 x 23.1 x 20.2 x
Yield 2.87% 2.64% 2.18% 4.53% 3.22% 3.43% 3.81% 4.17%
Capitalization / Revenue 14.6 x 19.3 x 15.1 x 11.4 x 16.2 x 13.8 x 11.7 x 10.2 x
EV / Revenue 14.6 x 19 x 15.1 x 11.1 x 16.8 x 14.3 x 12 x 10.4 x
EV / EBITDA 22.5 x 29.4 x 23.5 x 17.7 x 26.5 x 22.7 x 18.8 x 16.3 x
EV / FCF 27.7 x 23.7 x 59.5 x 20.8 x 60.3 x 28.7 x 22.5 x 19.8 x
FCF Yield 3.61% 4.22% 1.68% 4.8% 1.66% 3.48% 4.44% 5.05%
Price to Book 10.2 x 12 x 13.8 x 8.76 x 13.3 x 12.3 x 11.1 x 9.87 x
Nbr of stocks (in thousands) 26,552 26,221 26,320 26,079 25,934 25,980 - -
Reference price 2 887.4 1,040 1,512 816.8 1,213 1,208 1,208 1,208
Announcement Date 17/03/20 16/03/21 22/03/22 21/03/23 19/03/24 - - -
1CHF in Million2CHF
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,610 1,412 2,629 1,872 1,945 2,268 2,691 3,090
EBITDA 1 1,041 913.8 1,690 1,172 1,234 1,428 1,718 1,972
EBIT 1 1,008 875 1,650 1,132 1,193 1,391 1,674 1,928
Operating Margin 62.61% 61.97% 62.76% 60.47% 61.32% 61.35% 62.19% 62.38%
Earnings before Tax (EBT) 1 1,037 928.6 1,726 1,129 1,209 1,423 1,685 1,946
Net income 1 900 805 1,464 1,005 1,003 1,165 1,367 1,564
Net margin 55.9% 57.01% 55.69% 53.68% 51.59% 51.38% 50.79% 50.62%
EPS 2 33.66 30.36 55.12 39.09 38.55 44.68 52.39 59.94
Free Cash Flow 1 847.1 1,136 667.5 998.6 541.1 1,129 1,437 1,623
FCF margin 52.61% 80.42% 25.39% 53.34% 27.82% 49.78% 53.4% 52.52%
FCF Conversion (EBITDA) 81.34% 124.26% 39.49% 85.19% 43.86% 79.06% 83.63% 82.3%
FCF Conversion (Net income) 94.12% 141.06% 45.59% 99.37% 53.93% 96.89% 105.13% 103.75%
Dividend per Share 2 25.50 27.50 33.00 37.00 39.00 41.45 46.00 50.41
Announcement Date 17/03/20 16/03/21 22/03/22 21/03/23 19/03/24 - - -
1CHF in Million2CHF
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2
Net sales 1 928 623 789 1,130 881 991 1,051 894 1,020 1,308
EBITDA - - - 720.9 590.2 582 - - - -
EBIT - - - 701.8 570 562 644 - - -
Operating Margin - - - 62.13% 64.7% 56.71% 61.27% - - -
Earnings before Tax (EBT) - - - - 549.5 579.9 661 - - -
Net income - - - 629.4 464.2 540.7 551 452.4 - -
Net margin - - - 55.72% 52.69% 54.56% 52.43% 50.6% - -
EPS 18.86 11.65 18.71 23.50 17.53 21.56 - - - -
Dividend per Share - - - - - 37.00 - - - -
Announcement Date 17/03/20 08/09/20 16/03/21 07/09/21 30/08/22 21/03/23 05/09/23 19/03/24 - -
1CHF in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - 1,180 1,065 963 729
Net Cash position 1 79.2 372 61.7 510 - - - -
Leverage (Debt/EBITDA) - - - - 0.9562 x 0.746 x 0.5604 x 0.3698 x
Free Cash Flow 1 847 1,136 668 999 541 1,129 1,437 1,623
ROE (net income / shareholders' equity) 42% 35.3% 56.6% 38% 41.4% 45.4% 50.7% 51.6%
ROA (Net income/ Total Assets) 26.1% 20.2% 33% 21.4% 21.4% 23.8% 28% 30%
Assets 1 3,450 3,992 4,434 4,704 4,690 4,895 4,884 5,211
Book Value Per Share 2 86.60 86.30 110.0 93.30 91.20 98.40 108.0 122.0
Cash Flow per Share 2 35.90 43.60 26.40 41.20 24.70 45.00 52.70 61.70
Capex 1 114 18.9 34.3 60.5 102 43.3 48.3 33.4
Capex / Sales 7.06% 1.34% 1.3% 3.23% 5.24% 1.91% 1.8% 1.08%
Announcement Date 17/03/20 16/03/21 22/03/22 21/03/23 19/03/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
1,208 CHF
Average target price
1,287 CHF
Spread / Average Target
+6.50%
Consensus
  1. Stock Market
  2. Equities
  3. PGHN Stock
  4. Financials Partners Group Holding AG