(PAX) Patria Investments - Overview
Stock: Private Equity, Infrastructure, Real Estate, Credit Funds
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 4.60% |
| Yield on Cost 5y | 3.45% |
| Yield CAGR 5y | -4.09% |
| Payout Consistency | 90.6% |
| Payout Ratio | 47.2% |
| Risk 5d forecast | |
|---|---|
| Volatility | 29.2% |
| Relative Tail Risk | -2.21% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.78 |
| Alpha | 11.02 |
| Character TTM | |
|---|---|
| Beta | 0.977 |
| Beta Downside | 1.137 |
| Drawdowns 3y | |
|---|---|
| Max DD | 34.63% |
| CAGR/Max DD | 0.11 |
Description: PAX Patria Investments January 13, 2026
Patria Investments Ltd. (NASDAQ: PAX) is a Cayman-registered private-market investment firm that raises and deploys capital across private equity, secondary, venture, infrastructure, real-estate and credit strategies. The firm typically targets transaction sizes between $38.5 million and $72 million, taking either majority or minority positions in portfolio companies.
Its investment mandate is sector-agnostic but concentrates on agribusiness, power & energy, healthcare, logistics & transportation, food & beverage, education services, outsourced business services, and digital/tech services. Geographically, Patria emphasizes Latin America (especially Brazil), Europe, and North America, reflecting the higher growth rates and under-penetrated private-equity markets in those regions.
Patria also offers asset-management services to institutional investors, managing a suite of funds that include private-equity, infrastructure development, co-investment, constructivist equity, and real-estate/credit vehicles. The firm frequently co-invests alongside other limited partners to broaden deal flow and share risk.
Founded in 1994, Patria operates as a subsidiary of Patria Holdings Ltd. and maintains a global footprint with offices in the Cayman Islands, Brazil, the United States, Europe and Asia. Recent public filings indicate the firm manages roughly $3.5 billion of assets under management (AUM) and reported a net internal rate of return (IRR) of about 13% for its 2023 private-equity portfolio, a performance metric that outpaces the regional private-equity average of ~10%.
Given Patria’s focus on high-growth sectors in emerging markets, investors should monitor macro-drivers such as commodity price trends in agribusiness and renewable-energy policy shifts in Brazil, which can materially affect deal pipelines and exit multiples.
For a deeper dive into Patria’s valuation metrics and comparable peer analysis, a quick look at ValueRay’s data dashboard may uncover additional insights.
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income: 85.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.16 > 0.02 and ΔFCF/TA 4.39 > 1.0 |
| NWC/Revenue: 2.77% < 20% (prev -4.17%; Δ 6.94% < -1%) |
| CFO/TA 0.16 > 3% & CFO 242.8m > Net Income 85.5m |
| Net Debt (119.9m) to EBITDA (169.0m): 0.71 < 3 |
| Current Ratio: 1.03 > 1.5 & < 3 |
| Outstanding Shares: last quarter (158.0m) vs 12m ago 2.85% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 28.32% > 50% (prev 30.79%; Δ -2.47% > 0%) |
| Interest Coverage Ratio: 5.96 > 6 (EBITDA TTM 169.0m / Interest Expense TTM 21.7m) |
Altman Z'' 0.72
| A: 0.01 (Total Current Assets 403.6m - Total Current Liabilities 393.0m) / Total Assets 1.49b |
| B: 0.0 (Retained Earnings 0.0 / Total Assets 1.49b) |
| C: 0.10 (EBIT TTM 129.2m / Avg Total Assets 1.35b) |
| D: 0.03 (Book Value of Equity 28.8m / Total Liabilities 850.6m) |
| Altman-Z'' Score: 0.72 = B |
Beneish M -3.70
| DSRI: 0.51 (Receivables 116.5m/223.2m, Revenue 383.0m/374.2m) |
| GMI: 0.76 (GM 96.19% / 72.87%) |
| AQI: 1.07 (AQ_t 0.70 / AQ_t-1 0.65) |
| SGI: 1.02 (Revenue 383.0m / 374.2m) |
| TATA: -0.11 (NI 85.5m - CFO 242.8m) / TA 1.49b) |
| Beneish M-Score: -3.70 (Cap -4..+1) = AAA |
What is the price of PAX shares?
Over the past week, the price has changed by -5.22%, over one month by -19.50%, over three months by -3.45% and over the past year by +24.07%.
Is PAX a buy, sell or hold?
- StrongBuy: 1
- Buy: 2
- Hold: 3
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the PAX price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 17.7 | 25.1% |
| Analysts Target Price | 17.7 | 25.1% |
| ValueRay Target Price | 15.4 | 8.4% |
PAX Fundamental Data Overview February 09, 2026
P/E Forward = 8.1367
P/S = 5.9158
P/B = 3.6449
Revenue TTM = 383.0m USD
EBIT TTM = 129.2m USD
EBITDA TTM = 169.0m USD
Long Term Debt = 104.9m USD (from longTermDebt, two quarters ago)
Short Term Debt = 74.9m USD (from shortTermDebt, two quarters ago)
Debt = 174.9m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 119.9m USD (from netDebt column, last quarter)
Enterprise Value = 2.34b USD (2.26b + Debt 174.9m - CCE 90.1m)
Interest Coverage Ratio = 5.96 (Ebit TTM 129.2m / Interest Expense TTM 21.7m)
EV/FCF = 9.93x (Enterprise Value 2.34b / FCF TTM 235.9m)
FCF Yield = 10.07% (FCF TTM 235.9m / Enterprise Value 2.34b)
FCF Margin = 61.58% (FCF TTM 235.9m / Revenue TTM 383.0m)
Net Margin = 22.33% (Net Income TTM 85.5m / Revenue TTM 383.0m)
Gross Margin = unknown ((Revenue TTM 383.0m - Cost of Revenue TTM 14.6m) / Revenue TTM)
Tobins Q-Ratio = 1.57 (Enterprise Value 2.34b / Total Assets 1.49b)
Interest Expense / Debt = 6.12% (Interest Expense 10.7m / Debt 174.9m)
Taxrate = 6.56% (2.50m / 38.1m)
NOPAT = 120.7m (EBIT 129.2m * (1 - 6.56%))
Current Ratio = 1.03 (Total Current Assets 403.6m / Total Current Liabilities 393.0m)
Debt / Equity = 0.28 (Debt 174.9m / totalStockholderEquity, last quarter 618.2m)
Debt / EBITDA = 0.71 (Net Debt 119.9m / EBITDA 169.0m)
Debt / FCF = 0.51 (Net Debt 119.9m / FCF TTM 235.9m)
Total Stockholder Equity = 581.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.32% (Net Income 85.5m / Total Assets 1.49b)
RoE = 14.71% (Net Income TTM 85.5m / Total Stockholder Equity 581.4m)
RoCE = 18.82% (EBIT 129.2m / Capital Employed (Equity 581.4m + L.T.Debt 104.9m))
RoIC = 16.36% (NOPAT 120.7m / Invested Capital 737.8m)
WACC = 9.25% (E(2.26b)/V(2.43b) * Re(9.52%) + D(174.9m)/V(2.43b) * Rd(6.12%) * (1-Tc(0.07)))
Discount Rate = 9.52% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 2.84%
[DCF Debug] Terminal Value 77.32% ; FCFF base≈197.1m ; Y1≈243.1m ; Y5≈414.1m
Fair Price DCF = 82.08 (EV 5.58b - Net Debt 119.9m = Equity 5.46b / Shares 66.5m; r=9.25% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: 35.65 | EPS CAGR: 21.62% | SUE: 0.41 | # QB: 0
Revenue Correlation: 64.19 | Revenue CAGR: 26.91% | SUE: 0.92 | # QB: 1
EPS next Quarter (2026-03-31): EPS=0.30 | Chg30d=-0.020 | Revisions Net=+2 | Analysts=3
EPS current Year (2026-12-31): EPS=1.42 | Chg30d=-0.062 | Revisions Net=+3 | Growth EPS=+11.8% | Growth Revenue=+25.2%
EPS next Year (2027-12-31): EPS=1.72 | Chg30d=+0.030 | Revisions Net=+3 | Growth EPS=+21.4% | Growth Revenue=+14.4%