Partners Group Holding AG (PGHN) AI Stock Analysis

• Market Cap: CHF28.18B
• Dividend Yield: 3.85%
• Average Volume (3M): 39.52K
• Price to Earnings (P/E): 23.1
• Beta (1Y): 1.38
• Revenue Growth: 23.34%
• EPS Growth: 24.97%
• Country: CH
• Employees: 1,775
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 22.13
• Shares Outstanding: 26,700,000
• 10 Day Avg. Volume: 40,929
• 30 Day Avg. Volume: 39,520
• PEG Ratio: 2.33
• Price to Book (P/B): 13.24
• Price to Sales (P/S): 15.83
• P/FCF Ratio: 40.31
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: CHF1,197.00
• Price Target Upside: 10.02% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 10

• Rating: 68 Neutral
• Price Target: CHF1,164.00 ▲(6.99% Upside)

Partners Group Holding AG's overall stock score is driven by its strong financial performance and positive earnings call outlook, despite some technical weaknesses and valuation concerns. The company's strategic market expansions and robust profitability are significant strengths, while technical indicators suggest caution due to current bearish trends.

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 seeks to invest in distressed, special situations, later stage, mature, early venture, mid venture, late venture, industry consolidation, buyouts, recapitalizations, emerging growth, and seed capital. For direct private equity investments, the firm invests directly into healthcare, consumer, media & telecommunications, education, information technology, industrials, infrastructure/energy & utilities, financial and business services and real estate operating companies. For its private real estate direct investment practice, it focuses on seeking out properties globally. It also makes investments in private real estate secondaries and primaries and focuses on distressed assets in United States, Europe, and Japan. Under private debt, the firm provides senior debt financing, mezzanine financing, alongside secondaries and primaries, and also participates in add on acquisitions. It seeks to invest in middle market in Americas, Europe, and Asia. In energy infrastructure, the firm seeks to invest in the areas of midstream, power generation, gas transportation, gas export infrastructure, renewable energy including wind and solar energy. The firm seeks to invest globally with a focus on South Africa, China, India, Philippines, Austria, France, Germany, Switzerland, Russia, Brazil, and Chile. It seems to invest between 500,000 ($685,010) and 100 million ($137 million) in equity investment in companies with enterprise value between 100 million ($137 million) to 2 billion ($2740 million). The firm is a value-add investor targeting majority and minority stake in its investee companies. While investing in funds, it invests in venture capital, mezzanine, private equity, real estate, distressed, turnaround, and secondary funds. Partners Group Holding AG was founded in 1996 and is based in Baar, Switzerland with additional offices across North America, South America, Europe, Australia, and Asia.

How the Company Makes Money

Partners Group generates revenue primarily through management fees and performance fees from its investment funds. Management fees are charged based on the assets under management (AUM), which provides a stable income stream as the company manages a diversified portfolio of private market investments. Performance fees are earned when the returns exceed a predefined benchmark, aligning the interests of the firm with those of its investors. The company also benefits from significant partnerships with institutional clients and co-investment opportunities, enhancing its investment strategies and expanding its reach in the private markets. Additionally, the firm engages in advisory services and strategic consulting for portfolio companies, further contributing to its revenue.

Partners Group Holding AG Financial Statement Overview

Summary

Partners Group Holding AG displays solid financial health with strong profitability, efficient cash flow management, and a stable balance sheet. While profitability and cash flow indicators are impressive, increasing debt levels warrant close monitoring.

Income Statement

Partners Group Holding AG has demonstrated strong profitability with a high Gross Profit Margin of approximately 80.8% for 2024. The Net Profit Margin is also robust at around 55.8%. Revenue growth from 2023 to 2024 is approximately 3.96%, indicating steady growth in an industry where stable income is crucial. However, the absence of EBIT data in the latest report is a limitation, although EBITDA Margin is strong at approximately 71.6%.

Balance Sheet

The company's balance sheet shows a reasonable Debt-to-Equity Ratio of about 0.89, indicating moderate leverage. The Return on Equity (ROE) is strong at approximately 46.7%, reflecting efficient use of equity to generate profits. The Equity Ratio is 42.5%, showing a healthy balance of equity and total assets. The increase in total debt over recent years is a potential risk factor.

Cash Flow

The Free Cash Flow Growth Rate from 2023 to 2024 is a significant 48.33%, showcasing strong cash generation capabilities. The Operating Cash Flow to Net Income Ratio is approximately 0.83, reflecting solid cash conversion. The Free Cash Flow to Net Income Ratio is about 0.70, indicating efficient conversion of net income to cash. Overall, cash flow metrics are strong, bolstering the company's financial health.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.63B	2.02B	1.86B	1.81B	2.59B	1.38B
Gross Profit	1.35B	1.63B	1.48B	1.39B	2.18B	1.12B
EBITDA	1.17B	1.47B	1.26B	1.19B	1.77B	975.50M
Net Income	908.80M	1.13B	1.00B	1.00B	1.46B	804.80M
Balance Sheet
Total Assets	6.19B	5.68B	4.80B	4.58B	4.83B	4.03B
Cash, Cash Equivalents and Short-Term Investments	273.60M	288.90M	281.00M	779.50M	910.70M	1.23B
Total Debt	3.04B	2.14B	1.48B	1.15B	859.90M	865.80M
Total Liabilities	4.51B	3.27B	2.38B	2.16B	1.93B	1.76B
Stockholders Equity	1.68B	2.41B	2.43B	2.42B	2.90B	2.27B
Cash Flow
Free Cash Flow	448.65M	792.80M	534.40M	968.80M	639.70M	1.12B
Operating Cash Flow	516.85M	933.90M	643.10M	1.06B	695.90M	1.15B
Investing Cash Flow	-320.40M	-279.00M	-450.80M	-74.10M	-24.60M	-10.50M
Financing Cash Flow	-324.50M	-653.10M	-676.70M	-1.15B	-969.30M	-827.50M

Partners Group Holding AG Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1088.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 1088 is above the 20-day moving average (MA) of 1087.32, below the 50-day MA of 1100.45, and below the 200-day MA of 1156.27, indicating a neutral trend. The MACD of -5.04 indicates Negative momentum. The RSI at 54.75 is Neutral, neither overbought nor oversold. The STOCH value of 65.65 is Neutral, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PGHN	68 Neutral	CHF28.18B	23.12		3.85%	23.34%	24.97%
BAER	66 Neutral	11.42B	13.31	0.00%	4.66%	1.02%	131.90%
EFGN	64 Neutral	4.76B	13.17	0.00%	3.80%	-0.27%	21.41%
VONN	64 Neutral	3.35B	13.53	11.93%	4.99%	3.80%	15.49%
VZN	63 Neutral	6.66B	29.88	20.70%	1.61%	8.15%	12.24%
GAM	39 Underperform	128.97M	-1.77	0.00%	―	-60.15%	0.00%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Partners Group Holding AG Corporate Events

Partners Group Reports Strong H1 2025 Results with Increased Performance Fee Guidance

Partners Group has reported strong financial results for the first half of 2025, with a 17% increase in assets under management to USD 174 billion and a 20% rise in total revenues to CHF 1,168 million. The company has seen a significant increase in performance fees, which rose by 94% year-on-year, contributing to a 14% increase in profit to CHF 578 million. The firm anticipates performance fees to account for 25% to 40% of total revenues by the end of the year, driven by a robust pipeline of investments and mature assets ready for realization. This positive outlook is supported by expected new client demand and the acquisition of Empira Group, which is expected to contribute significantly to future growth.

The most recent analyst rating on (CH:PGHN) stock is a Buy with a CHF1229.00 price target. To see the full list of analyst forecasts on Partners Group Holding AG stock, see the CH:PGHN Stock Forecast page.

Partners Group Appoints Tarak Mehta to Strengthen Private Equity Leadership

Partners Group has appointed Tarak Mehta as Partner and Co-Head of its Private Equity Goods & Products Vertical, highlighting its commitment to transformational investing. Mehta, with extensive experience in managing large industrial businesses, will co-lead efforts to originate new investments and drive value creation. This appointment is part of Partners Group’s strategy to enhance its private equity portfolio by leveraging industry expertise and operational frameworks.

The most recent analyst rating on (CH:PGHN) stock is a Buy with a CHF1229.00 price target. To see the full list of analyst forecasts on Partners Group Holding AG stock, see the CH:PGHN Stock Forecast page.