Partners Group Holding AG (PGHN) AI Stock Analysis

• Market Cap: CHF26.23B
• Dividend Yield: 4.3%
• Average Volume (3M): 51.21K
• Price to Earnings (P/E): 21.9
• Beta (1Y): 1.25
• 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: 57,031
• 30 Day Avg. Volume: 51,214
• PEG Ratio: 2.33
• Price to Book (P/B): 13.24
• Price to Sales (P/S): 15.06
• 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: CHF1,232.40
• Price Target Upside: 21.72% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: CHF1,036.00 ▲(2.32% Upside)

Partners Group Holding AG's overall stock score reflects its strong financial performance and positive earnings call outlook, despite technical indicators suggesting bearish momentum. The company's moderate valuation and attractive dividend yield add to its appeal, though increasing debt levels and external challenges like supply chain disruptions and regulatory hurdles need careful monitoring.

Positive Factors

Revenue Growth

Steady revenue growth indicates a stable income stream, essential in the asset management industry, supporting long-term business sustainability.

Cash Generation

Strong cash generation enhances financial flexibility, allowing for reinvestment in growth opportunities and strengthening the balance sheet.

Market Expansion

Successful market expansion into emerging markets boosts revenue and diversifies income sources, reinforcing competitive positioning.

Negative Factors

Increasing Debt Levels

Rising debt levels could constrain financial flexibility and increase risk, potentially impacting long-term financial stability.

Supply Chain Disruptions

Supply chain issues can lead to increased costs and operational inefficiencies, affecting profit margins and growth prospects.

Regulatory Challenges

Regulatory hurdles can slow market expansion and increase compliance costs, potentially limiting growth and profitability.

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 typically charged as a percentage of assets under management (AUM) and are earned for providing investment management services, including sourcing, structuring, and managing investments. Performance fees, often referred to as carried interest, are earned when the funds achieve returns above a predetermined threshold, incentivizing the firm to maximize investment performance. Key revenue streams also include advisory services and co-investment opportunities, where Partners Group collaborates with other investors to share risks and returns. The firm benefits from its extensive global network and strategic partnerships, which enhance its investment capabilities and access to attractive deals, ultimately contributing to its earnings.

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. The company is well-positioned in the asset management industry, reflecting a balance of growth and stability.

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	2.31B	2.12B	1.94B	1.87B	2.62B	1.41B
Gross Profit	1.58B	1.46B	1.34B	1.27B	1.76B	977.40M
EBITDA	1.43B	1.32B	1.20B	1.14B	1.66B	895.10M
Net Income	1.20B	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: 1012.50
• 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 1012.5 is above the 20-day moving average (MA) of 988.37, above the 50-day MA of 964.35, and below the 200-day MA of 1044.14, indicating a neutral trend. The MACD of 18.00 indicates Negative momentum. The RSI at 57.45 is Neutral, neither overbought nor oversold. The STOCH value of 62.22 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
BAER	68 Neutral	CHF13.76B	15.91	―	4.14%	1.02%	131.90%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
VONN	66 Neutral	CHF3.72B	14.87	11.11%	4.66%	3.80%	15.49%
PGHN	66 Neutral	CHF26.23B	21.93	―	4.30%	23.34%	24.97%
EFGN	63 Neutral	CHF6.11B	16.74	19.05%	3.15%	-0.27%	21.41%
VZN	63 Neutral	CHF6.31B	27.83	22.69%	1.82%	8.15%	12.24%
GAM	41 Neutral	CHF151.59M	-2.08	-128.43%	―	-60.15%	68.65%

Partners Group Holding AG Corporate Events

Partners Group Schedules 2025 Business Update and 2026 Outlook Briefing

Partners Group has announced that it will present a comprehensive Business Update for 2025 and provide an Outlook for 2026 during a webcast and conference call on 14 January 2026, hosted by Chief Executive Officer David Layton and other senior executives. The company will issue a press release with key highlights ahead of the call, circulate the presentation to registered participants shortly before the event, and subsequently publish its full-year 2025 financial results and report on 10 March 2026, setting the timetable for investors and other stakeholders to assess its latest assets under management figures and strategic developments.

The most recent analyst rating on (CH:PGHN) stock is a Buy with a CHF1190.00 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 Exits Australian Wind Portfolio With Sale of Ararat Wind Farm Stake to Iberdrola

Partners Group, acting on behalf of its clients, has agreed alongside OPTrust to sell its ownership stake in the 242 MW Ararat Wind Farm in Victoria, Australia, to Iberdrola, completing a full exit from its Australian wind portfolio. The firm led Ararat from late-stage development through construction to full operations, building one of Australia’s largest wind farms, which comprises 75 turbines, supplies power to roughly 120,000 households, and benefits from long-term power purchase agreements that underpin predictable revenues; this divestment follows the 2022 sale of CWP Renewables and associated wind assets, underscoring Partners Group’s strategy of building scale renewable infrastructure platforms and realizing value for investors as its infrastructure business, with USD 31 billion in assets under management, continues to recycle capital globally.

The most recent analyst rating on (CH:PGHN) stock is a Buy with a CHF1125.00 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 Buys Barcelona’s Hoxton Poblenou to Expand Hospitality Platform

Partners Group has expanded its global hospitality real estate portfolio with the acquisition of The Hoxton Poblenou, a 240-room, four-star lifestyle hotel in Barcelona’s 22@ innovation district, bought from Norlake Hospitality alongside Trinity Investments and another investor. The asset, branded under Accor’s Ennismore lifestyle division, is positioned to benefit from Barcelona’s robust tourism and business travel, constrained new hotel supply, and tighter rules on private rentals, with Partners Group and its partners planning a value creation program centered on boosting group bookings and enhancing food and beverage operations. The deal, part of Partners Group’s USD 1 billion hospitality strategy and its fourth collaboration with Trinity since 2023, underscores the firm’s push to deepen its vertically integrated hotel platform following prior high-profile acquisitions such as The Standard Hotel in London, and signals continued confidence in hospitality assets in tightly regulated, high-demand urban markets.

The most recent analyst rating on (CH:PGHN) stock is a Buy with a CHF1125.00 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 Supports The Weeknd with Innovative Royalties Strategy

Partners Group, through its royalties strategy, has supported global music icon The Weeknd by providing a Royalty Backed Note (RBN) to help transfer his complete back catalogue into a vehicle co-owned with Lyric Capital. This strategic move enables The Weeknd to retain creative freedom over his publishing and masters’ rights while monetizing his work. This collaboration exemplifies Partners Group’s broader effort to invest in high-quality royalty assets across various sectors, including music, and highlights the firm’s ability to align with and support prominent creators, solidifying its position in the royalties investment market.

The most recent analyst rating on (CH:PGHN) stock is a Buy with a CHF1125.00 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 Announces 2025 AuM and Upcoming Business Update

Partners Group has announced its Assets under Management (AuM) as of December 31, 2025, and is set to present its Business Update for 2025 and Outlook for 2026 on January 14, 2026. This announcement is significant as it provides insights into the company’s operational performance and strategic direction, potentially impacting its market positioning and stakeholder interests.

The most recent analyst rating on (CH:PGHN) stock is a Buy with a CHF1125.00 price target. To see the full list of analyst forecasts on Partners Group Holding AG stock, see the CH:PGHN Stock Forecast page.

Esentia Energy Development Prices IPO on Mexican Stock Exchange

Esentia Energy Development, a portfolio company of Partners Group, has successfully priced its IPO at MXN 45 per share, listing on the Mexican Stock Exchange under the ticker ‘ESENTIA’. This marks a significant milestone as it is one of the first IPOs in Mexico with international distribution since 2018, and the largest in Latin America for 2025. Esentia, a leading operator of natural gas infrastructure in Mexico, plans to use the IPO proceeds for growth initiatives and debt repayment. The company benefits from strong demand for natural gas driven by Mexico’s rising electricity needs and a shift towards more efficient power plants. Partners Group, having invested in Esentia since 2014, has played a crucial role in transforming it into a major pipeline operator, with Esentia now transporting 16% of Mexico’s daily natural gas demand.

The most recent analyst rating on (CH:PGHN) stock is a Hold with a CHF1036.00 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 Strengthens Technology Focus with Key Appointment

Partners Group has appointed Nicholas Smith Wang as Partner and Co-Head of its Private Equity Technology Vertical, a move that underscores the firm’s commitment to expanding its presence in the technology sector. With a strong track record in technology investments, Partners Group aims to capitalize on emerging opportunities in the tech landscape, enhancing its industry positioning and potentially delivering significant returns for stakeholders.

The most recent analyst rating on (CH:PGHN) stock is a Hold with a CHF1036.00 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 Exits Stake in Apex Logistics with Strong Returns

Partners Group has agreed to sell its 24.9% stake in Apex Logistics to Kuehne+Nagel, valuing Apex at over USD 4 billion. This marks a complete exit from its 2021 investment, delivering strong returns for its clients. Apex, a global logistics provider headquartered in Singapore, has experienced significant growth, with a 151% increase in EBITDA over five years. The sale is part of a strategic transformation, enhancing Apex’s capabilities and expanding its global reach. The transaction underscores Partners Group’s successful collaboration with Kuehne+Nagel in driving Apex’s growth and positions Apex for continued success under Kuehne+Nagel’s ownership.

The most recent analyst rating on (CH:PGHN) stock is a Hold with a CHF1150.00 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 Acquires Life Cycle Power to Boost Mobile Generation Solutions

Partners Group has announced its acquisition of Life Cycle Power (LCP), a prominent US provider of mobile power generation solutions, from Arroyo Investors. LCP operates a 897 MW fleet of mobile units, serving diverse sectors including data centers and industrial facilities, and benefits from the growing demand for AI data centers and industrial expansion. The acquisition aligns with Partners Group’s strategy to enhance grid resiliency and expand its presence in the power-as-a-service sector. The firm plans to collaborate with LCP’s management to increase fleet capacity and extend offerings to the data center sector, aiming to solidify LCP’s market-leading position.

The most recent analyst rating on (CH:PGHN) stock is a Hold with a CHF1150.00 price target. To see the full list of analyst forecasts on Partners Group Holding AG stock, see the CH:PGHN Stock Forecast page.