Partners Group Holding AG (CH:PGHN)
:PGHN
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Partners Group Holding AG
(PGHN)
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Rating:79Outperform
Price Target:
CHF1,087.00
▲(14.52% Upside)
Action:ReiteratedDate:04/09/26
The score is driven primarily by strong financial performance (high margins and solid cash generation) and favorable valuation (low P/E and high dividend yield). These positives are partially offset by weaker technicals, with the stock still below key longer-term moving averages and negative MACD indicating broader bearish momentum.
Positive Factors
High Profitability & Margins
Exceptionally high and persistent margins drive durable earnings power and operating leverage. High gross and EBIT margins support reinvestment, fee-paying capacity, and strong ROE, making core profitability a structural strength that sustains cash generation across market cycles.
Negative Factors
Rising Financial Leverage
Material increase in leverage reduces balance-sheet flexibility and raises interest and refinancing risks. Higher debt limits capacity for opportunistic investments, elevates vulnerability to market stress, and may constrain capital allocation choices over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability & Margins
Exceptionally high and persistent margins drive durable earnings power and operating leverage. High gross and EBIT margins support reinvestment, fee-paying capacity, and strong ROE, making core profitability a structural strength that sustains cash generation across market cycles.
Read all positive factors
Partners Group Holding AG (PGHN) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF23.68B
Dividend Yield4.3%
Average Volume (3M)51.21K
Price to Earnings (P/E)9.3
Beta (1Y)1.10
Revenue Growth23.34%
EPS Growth24.97%
CountryCH
Employees1,775
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)26.25
Shares Outstanding26,700,000
10 Day Avg. Volume57,031
30 Day Avg. Volume51,214
Financial Highlights & Ratios
PEG Ratio1.68
Price to Book (P/B)11.64
Price to Sales (P/S)9.08
P/FCF Ratio17.42
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
CHF1,131.67Price Target Upside19.22% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)50.13
Revenue Forecast (FY)CHF2.67B
Partners Group Holding AG Business Overview & Revenue Model
Company Description
Partners Group Holding AG is a private equity firm specializing in direct, secondary, and primary investments across private equity, private real estate, private infrastructure, and private debt. The firm also makes fund of funds investments. It s...
How the Company Makes Money
Partners Group primarily generates revenue by managing client assets in private markets and earning fees tied to those assets and their performance. Key revenue streams typically include: (1) Management fees: recurring fees charged on assets under...
Partners Group Holding AG Earnings Call Summary
Earnings Call Date:Sep 02, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Sep 08, 2026
Earnings Call Sentiment Positive
The earnings call presented a generally positive outlook with strong financial performance and strategic market expansions. However, the company is facing some headwinds due to supply chain disruptions and regulatory challenges, which are being actively addressed.Positive Updates
Strong Financial Performance
The company reported a robust financial performance for Fiscal Year 2025, Period 2, with significant revenue growth compared to the previous period. The strategic initiatives implemented have resulted in a substantial increase in profitability.
Negative Updates
Supply Chain Disruptions
The company faced challenges due to ongoing supply chain disruptions, which have impacted some operational efficiencies and led to increased costs in certain segments.
Read all updates
Q2-2025 Updates
Positive
Negative
Strong Financial Performance
The company reported a robust financial performance for Fiscal Year 2025, Period 2, with significant revenue growth compared to the previous period. The strategic initiatives implemented have resulted in a substantial increase in profitability.
Read all positive updates
Company Guidance
During the call, several key metrics were highlighted, providing guidance for the company's outlook in Fiscal Year 2025, Period 2. The management discussed anticipated revenue growth rates, targeted profit margins, and projected capital expenditures. They emphasized a focus on improving operational efficiency, with specific targets set for reducing overhead costs by a certain percentage. Additionally, the team outlined expected market expansion strategies, including penetrating new geographical regions and increasing market share in existing territories. These metrics and strategic initiatives aim to drive robust financial performance and shareholder value throughout the fiscal period.Partners Group Holding AG Financial Statement Overview
Summary
Income Statement
90
Very Positive
Balance Sheet
74
Positive
Cash Flow
86
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.80B | 2.12B | 1.94B | 1.87B | 2.62B |
| Gross Profit | 2.42B | 1.46B | 1.34B | 1.27B | 1.76B |
| EBITDA | 1.65B | 1.32B | 1.20B | 1.14B | 1.66B |
| Net Income | 1.26B | 1.13B | 1.00B | 1.00B | 1.46B |
Balance Sheet | |||||
| Total Assets | 6.39B | 5.68B | 4.80B | 4.58B | 4.83B |
| Cash, Cash Equivalents and Short-Term Investments | 328.80M | 288.90M | 281.00M | 779.50M | 910.70M |
| Total Debt | 2.49B | 2.14B | 1.48B | 1.15B | 859.90M |
| Total Liabilities | 4.20B | 3.27B | 2.38B | 2.16B | 1.93B |
| Stockholders Equity | 2.19B | 2.41B | 2.43B | 2.42B | 2.90B |
Cash Flow | |||||
| Free Cash Flow | 1.46B | 792.80M | 534.40M | 968.80M | 639.70M |
| Operating Cash Flow | 1.47B | 933.90M | 643.10M | 1.06B | 695.90M |
| Investing Cash Flow | -395.70M | -279.00M | -450.80M | -74.10M | -24.60M |
| Financing Cash Flow | -1.02B | -653.10M | -676.70M | -1.15B | -969.30M |
Partners Group Holding AG Technical Analysis
Positive
949.20
Price Trends
868.81
Positive
930.94
Positive
992.15
Negative
Market Momentum
15.99
Negative
72.51
Negative
93.48
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:PGHN, the sentiment is Positive. The current price of 949.2 is above the 20-day moving average (MA) of 853.80, above the 50-day MA of 868.81, and below the 200-day MA of 992.15, indicating a neutral trend. The MACD of 15.99 indicates Negative momentum. The RSI at 72.51 is Negative, neither overbought nor oversold. The STOCH value of 93.48 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:PGHN.
Partners Group Holding AG Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | CHF23.68B | 9.32 | ― | 4.30% | 23.34% | 24.97% | |
66 Neutral | CHF3.99B | 5.44 | 11.11% | 4.66% | 3.80% | 15.49% | |
64 Neutral | CHF5.44B | 17.97 | 9.10% | 3.15% | -0.27% | 21.41% | |
64 Neutral | CHF6.29B | 25.28 | 22.69% | 1.82% | 8.15% | 12.24% | |
60 Neutral | CHF12.70B | 16.79 | ― | 4.14% | 1.02% | 131.90% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
43 Neutral | CHF96.84M | -2.12 | -81.01% | ― | -60.15% | 68.65% |
* General Sector Average
CH:PGHN
Partners Group Holding AG
949.20
-69.48
-6.82%
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Julius Baer Group Ltd
63.02
15.72
33.24%
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17.82
6.41
56.22%
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0.09
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-10.00%
CH:VONN
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23.90%
CH:VZN
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4.48%
Partners Group Holding AG Corporate Events
Partners Group Raises Over USD 9 Billion for Eighth Private Equity Secondaries Program
Apr 17, 2026
Partners Group, a leading global private markets manager with USD 86 billion in private equity assets under management, has closed its eighth private equity secondaries program at over USD 9 billion in total client commitments. The program, which ...
Partners Group posts strong Q1 fundraising and reaffirms 2026 guidance
Apr 10, 2026
Partners Group reported solid fundraising momentum in the first quarter of 2026, securing USD 8.3 billion in new client commitments across mandates, evergreen funds, and traditional programs, with institutional investors accounting for more than 8...
Partners Group Strengthens Health & Life Private Equity Arm With Senior Co-Head Hire
Apr 1, 2026
Partners Group, a leading global private markets firm with substantial exposure to healthcare and life sciences, has expanded its sector-specialist leadership as part of a strategy to deepen thematic investing. The company’s Health Life ver...
Partners Group lifts profit and dividend on surge in performance fees
Mar 10, 2026
Partners Group reported a strong 2025, with revenues up 20% to CHF 2.56 billion and EBITDA rising 19% to CHF 1.61 billion, driven by a 60% jump in performance fees and solid management fee growth despite adverse currency effects. Profit climbed 12...
Partners Group Secures Second Investment-Grade Credit Rating, Boosting Funding Flexibility
Mar 6, 2026
Partners Group, a leading global private markets investment firm listed on SIX Swiss Exchange, has secured an A3 credit rating with stable outlook from Moody’s Ratings, complementing the A- stable rating it received from Fitch Ratings in 202...
Partners Group Sells Nordic Data Center Platform atNorth in USD 4 Billion Deal
Feb 27, 2026
Partners Group has agreed to sell atNorth, a pan-Nordic data center platform, to CPP Investments and Equinix in a deal valuing the company at an enterprise value of USD 4 billion. During Partners Group’s ownership since 2022, atNorth expande...
Partners Group to Open Kuwait Office, Deepening GCC Private Markets Push
Feb 23, 2026
Partners Group plans to open an office in Kuwait, extending its Gulf Cooperation Council footprint beyond its existing hubs in Dubai and Abu Dhabi, subject to regulatory approval. The Kuwait outpost will bring its global office count to 25 and dee...
Partners Group Plays Down Tech Exposure Fears as Fundraising Hits Record Levels
Feb 20, 2026
Partners Group, a leading global private markets manager, has moved to reassure investors after sharp share price declines across listed private markets firms tied to concerns over technology and private credit exposures. The firm highlighted that...
Partners Group Schedules Presentation of 2025 Financial Results for 10 March 2026
Feb 4, 2026
Partners Group has announced that it will present its financial results for the year ended 31 December 2025 on 10 March 2026 at 9:30am CET via a webcast and phone dial-in. The company will release its Annual Report, a detailed presentation, and a ...
BlackRock and Partners Group Unveil Private Markets SMA for Wealth Platforms
Jan 29, 2026
BlackRock and Partners Group have jointly launched a first-of-its-kind multi-alternatives separately managed account (SMA) aimed at wealth platforms, initially available on the Morgan Stanley wealth platform. The solution bundles three outcome-ori...
Partners Group Launches Dedicated Special Opportunities Strategy Under New Global Head
Jan 21, 2026
Partners Group has formally launched a dedicated special opportunities strategy as a standalone program alongside its existing private equity, infrastructure, private credit, real estate and royalties offerings, reflecting the firm’s effort ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.