(PGHN) Partners Holding - SW
Sector: Financial Services | Industry: Asset Management | Exchange: SW (Switzerland) | Market Cap: 17.991m CHF | Total Return: -25.9% in 12m
Avg Turnover: 108M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Partners Group Holding AG is a global private markets investment firm headquartered in Switzerland. The company manages a diversified portfolio across four primary asset classes: private equity, private real estate, private infrastructure, and private debt. Its investment strategy encompasses direct investments, secondary market transactions, and primary fund commitments, targeting companies ranging from seed stage to mature buyouts.
The firm operates within the alternative asset management sector, a business model characterized by earning management fees on committed capital and performance fees (carried interest) based on investment returns. Unlike traditional asset managers, private equity firms like Partners Group typically take active governance roles or majority stakes to drive operational improvements in portfolio companies. The firm maintains a broad geographical footprint, focusing on middle-market opportunities across the Americas, Europe, and Asia-Pacific.
Its infrastructure segment specifically targets the global energy transition, investing in renewable energy assets such as solar and wind, alongside midstream and power generation projects. For deeper insights into the firms historical performance and valuation metrics, consider reviewing the detailed data available on ValueRay. In the private debt space, the firm provides structured financing solutions, including senior and mezzanine debt, to support corporate acquisitions and recapitalizations.
- Assets under management growth driven by private markets fundraising momentum
- Performance fee volatility impacts bottom-line earnings and dividend payouts
- Exit environment and valuations influence realization of carried interest
- Interest rate environment affects private debt yields and deal financing costs
| Net Income: 1.26b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.19 > 0.02 and ΔFCF/TA 5.31 > 1.0 |
| NWC/Revenue: 48.37% < 20% (prev 102.2%; Δ -53.85% < -1%) |
| CFO/TA 0.23 > 3% & CFO 1.47b > Net Income 1.26b |
| Net Debt (2.26b) to EBITDA (1.62b): 1.39 < 3 |
| Current Ratio: 2.21 > 1.5 & < 3 |
| Outstanding Shares: last quarter (25.9m) vs 12m ago -0.55% < -2% |
| Gross Margin: 78.98% > 18% (prev 68.97%; Δ 10.01% > 0.5%) |
| Asset Turnover: 44.50% > 50% (prev 37.34%; Δ 7.16% > 0%) |
| Interest Coverage Ratio: 29.12 > 6 (EBIT TTM 1.55b / Interest Expense TTM 53.3m) |
| A: 0.20 (Total Current Assets 2.37b - Total Current Liabilities 1.07b) / Total Assets 6.39b |
| B: 0.60 (Retained Earnings 3.81b / Total Assets 6.39b) |
| C: 0.26 (EBIT TTM 1.55b / Avg Total Assets 6.04b) |
| D: 0.52 (Book Value of Equity 2.19b / Total Liabilities 4.20b) |
| Altman-Z'' = 5.55 = AAA |
| DSRI: 0.79 (Receivables 2.79b/2.79b, Revenue 2.69b/2.12b) |
| GMI: 0.87 (GM 68.97% / 78.98%) |
| AQI: 2.04 (AQ_t 0.55 / AQ_t-1 0.27) |
| SGI: 1.27 (Revenue 2.69b / 2.12b) |
| TATA: -0.03 (NI 1.26b - CFO 1.47b) / TA 6.39b) |
| Beneish M = -2.51 (Cap -4..+1) = A |
As of June 19, 2026, the stock is trading at CHF 713.80 with a total of 111,514 shares traded.
Over the past week, the price has changed by +0.88%,
over one month by -15.65%,
over three months by -8.71% and
over the past year by -25.85%.
Partners Holding has no consensus analysts rating.
P/E Trailing = 14.4084
P/E Forward = 14.8368
P/S = 7.0422
P/B = 8.2258
P/EG = 2.1192
Revenue TTM = 2.69b CHF
EBIT TTM = 1.55b CHF
EBITDA TTM = 1.62b CHF
Long Term Debt = 1.33b CHF (from longTermDebt, last quarter)
Short Term Debt = 1.07b CHF (from shortTermDebt, last quarter)
Debt = 2.59b CHF (from shortLongTermDebtTotal, last quarter) + Leases 100.4m
Net Debt = 2.26b CHF (calculated: Debt 2.59b - CCE 328.8m)
Enterprise Value = 20.2b CHF (18.0b + Debt 2.59b - CCE 328.8m)
Interest Coverage Ratio = 29.12 (Ebit TTM 1.55b / Interest Expense TTM 53.3m)
EV/FCF = 16.30x (Enterprise Value 20.2b / FCF TTM 1.24b)
FCF Yield = 6.13% (FCF TTM 1.24b / Enterprise Value 20.2b)
FCF Margin = 46.25% (FCF TTM 1.24b / Revenue TTM 2.69b)
Net Margin = 46.94% (Net Income TTM 1.26b / Revenue TTM 2.69b)
Gross Margin = 78.98% ((Revenue TTM 2.69b - Cost of Revenue TTM 564.5m) / Revenue TTM)
Gross Margin QoQ = 87.52% (prev 67.89%)
Tobins Q-Ratio = 3.17 (Enterprise Value 20.2b / Total Assets 6.39b)
Interest Expense / Debt = 2.06% (Interest Expense 53.3m / Debt 2.59b)
Taxrate = 17.66% (270.4m / 1.53b)
NOPAT = 1.28b (EBIT 1.55b * (1 - 17.66%))
Current Ratio = 2.21 (Total Current Assets 2.37b / Total Current Liabilities 1.07b)
Debt / Equity = 1.18 (Debt 2.59b / totalStockholderEquity, last quarter 2.19b)
Debt / EBITDA = 1.39 (Net Debt 2.26b / EBITDA 1.62b)
Debt / FCF = 1.82 (Net Debt 2.26b / FCF TTM 1.24b)
Total Stockholder Equity = 2.09b (last 4 quarters mean from totalStockholderEquity)
RoA = 20.89% (Net Income 1.26b / Total Assets 6.39b)
RoE = 60.33% (Net Income TTM 1.26b / Total Stockholder Equity 2.09b)
RoCE = 45.39% (EBIT 1.55b / Capital Employed (Equity 2.09b + L.T.Debt 1.33b))
RoIC = 20.43% (NOPAT 1.28b / Invested Capital 6.25b)
WACC = 8.07% (E(18.0b)/V(20.6b) * Re(8.99%) + D(2.59b)/V(20.6b) * Rd(2.06%) * (1-Tc(0.18)))
Discount Rate = 8.99% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -37.78 | Cagr: -1.42%
[DCF] Terminal Value 77.97% ; FCFF base≈1.07b ; Y1≈1.22b ; Y5≈1.80b
[DCF] Fair Price = 962.8 (EV 27.1b - Net Debt 2.26b = Equity 24.8b / Shares 25.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -34.00 | EPS CAGR: -4.01% | SUE: N/A | # QB: 0
Revenue Correlation: 81.99 | Revenue CAGR: 12.36% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=46.78 | Chg30d=-4.63% | Revisions=-20% | GrowthEPS=-3.4% | GrowthRev=-0.9%
EPS next Year (2027-12-31): EPS=53.66 | Chg30d=-8.31% | Revisions=-33% | GrowthEPS=+14.7% | GrowthRev=+14.6%
[Analyst] Revisions Ratio: -33%