Partners Group Holding AG (PGHN) AI Stock Analysis

• Market Cap: CHF25.94B
• Dividend Yield: 3.44%
• Average Volume (3M): 63.49K
• Price to Earnings (P/E): 23.1
• Beta (1Y): 1.48
• Revenue Growth: 9.45%
• EPS Growth: 12.15%
• Country: CH
• Employees: 1,775
• Sector: Financial
• Sector Strength: 80
• Industry: Asset Management
• EPS (TTM): 21.80
• Shares Outstanding: 26,700,000
• 10 Day Avg. Volume: 84,766
• 30 Day Avg. Volume: 63,487
• PEG Ratio: 1.51
• Price to Book (P/B): 10.29
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 28.52
• 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: CHF1,109.96
• Price Target Upside: 10.94% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 9

• Rating: 71 Outperform
• Price Target: ―

Partners Group Holding AG's overall stock score is driven by strong financial performance and positive earnings call insights, particularly the growth in performance fees and investment activities. However, the stock's technical indicators suggest caution due to bearish trends and oversold conditions. The moderate valuation with a decent dividend yield adds to its attractiveness, balancing the risks associated with increased debt and challenges in the real estate sector.

Partners Group Holding AG Business Overview & Revenue Model

Company Description

Partners Group Holding AG is a leading global private markets investment management firm, headquartered in Baar, Switzerland. The company specializes in private equity, private debt, private real estate, and private infrastructure. It offers a wide range of tailored solutions to its clients, including institutional investors, private banks, family offices, and other financial intermediaries. With a strong focus on sustainable investing, Partners Group manages a diverse portfolio of assets across various sectors and geographies.

How the Company Makes Money

Partners Group Holding AG generates revenue primarily through management fees and performance fees. Management fees are charged based on a percentage of the assets under management (AUM) and provide a steady income stream as long as the assets remain invested. Performance fees, on the other hand, are earned when the returns on investments exceed a predefined benchmark or hurdle rate, aligning the company's interests with those of its clients. Additionally, Partners Group benefits from its significant experience and expertise in sourcing, executing, and managing investments, which enhances its ability to generate attractive returns and grow its AUM. The company also collaborates with various institutional investors and partners to co-invest in opportunities, which can lead to additional revenue through shared investments and increased scale.

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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.02B	1.86B	1.81B	2.59B	1.38B
Gross Profit	1.63B	1.48B	1.39B	2.18B	1.12B
EBITDA	1.45B	1.26B	1.19B	1.77B	975.50M
Net Income	1.13B	1.00B	1.00B	1.46B	804.80M
Balance Sheet
Total Assets	5.68B	4.80B	4.58B	4.83B	4.03B
Cash, Cash Equivalents and Short-Term Investments	288.90M	281.00M	779.50M	910.70M	1.23B
Total Debt	2.14B	1.48B	1.15B	859.90M	865.80M
Total Liabilities	3.27B	2.38B	2.16B	1.93B	1.76B
Stockholders Equity	2.41B	2.43B	2.42B	2.90B	2.27B
Cash Flow
Free Cash Flow	792.80M	534.40M	968.80M	639.70M	1.12B
Operating Cash Flow	933.90M	643.10M	1.06B	695.90M	1.15B
Investing Cash Flow	-279.00M	-450.80M	-74.10M	-24.60M	-10.50M
Financing Cash Flow	-653.10M	-676.70M	-1.15B	-969.30M	-827.50M

Partners Group Holding AG Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1000.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:PGHN, the sentiment is Negative. The current price of 1000.5 is below the 20-day moving average (MA) of 1050.98, below the 50-day MA of 1057.19, and below the 200-day MA of 1188.31, indicating a bearish trend. The MACD of -26.86 indicates Positive momentum. The RSI at 33.60 is Neutral, neither overbought nor oversold. The STOCH value of 19.38 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	71 Outperform	CHF25.94B	23.05		3.44%	9.45%	12.15%
BALN	67 Neutral	CHF8.38B	21.97		3.56%	-4.03%	60.24%
Sector *	67 Neutral	€10.41B	14.36	6.96%	3.29%	13.89%	1.77%
BAER	66 Neutral	CHF10.32B	10.51		4.97%	7.69%	126.15%
EFGN	64 Neutral	CHF4.43B	14.44	13.89%	4.15%	11.14%	7.22%
VONN	63 Neutral	CHF3.52B	13.24	12.22%	4.76%	9.24%	―

Partners Group Holding AG Corporate Events

Partners Group Acquires Premium Cat Food Leader MPM Products

Partners Group has announced its acquisition of MPM Products, a leading global pet food business specializing in premium cat food brands such as Applaws, Reveal, and Encore. This acquisition is set to leverage the growing trends in pet ownership and premiumization of pet food, with plans to expand MPM’s market presence and reinforce its supply chain resilience, potentially enhancing the company’s growth and market positioning.

The most recent analyst rating on (CH:PGHN) stock is a Hold with a CHF1380.00 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 Opens New Regional Headquarters in Abu Dhabi

Partners Group has expanded its Middle Eastern presence by opening a new regional headquarters in Abu Dhabi, reflecting the region’s growing importance in technology, energy, manufacturing, and digital services. This strategic move aims to deepen the firm’s network of regional clients and partners, and capitalize on investment opportunities in the Middle East, enhancing its industry positioning and offering potential growth for stakeholders.

The most recent analyst rating on (CH:PGHN) stock is a Hold with a CHF1380.00 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’s Evergreen Fund Reaches EUR 2 Billion Amid Growing Investor Interest

Partners Group’s private credit evergreen fund has reached EUR 2 billion, driven by increasing investor interest in evergreen products. The fund, which is one of the largest Luxembourg-domiciled private credit evergreen funds, follows a global direct lending strategy and has a diversified portfolio of over 140 senior secured loans. It has shown strong performance, returning 9% net last year, and is attracting both institutional and private wealth investors. This growth reflects a broader trend of rising demand for private credit amid higher interest rates, positioning Partners Group as a significant player in the private credit market.

The most recent analyst rating on (CH:PGHN) stock is a Hold with a CHF1380.00 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 PowerTransitions to Boost US Renewable Energy Capacity

Partners Group has announced its acquisition of PowerTransitions, a US-based utility-scale power developer, with a planned investment of over USD 450 million to drive future growth. This strategic move aims to capitalize on the rising power demand in the US by transforming legacy thermal power assets into renewable energy projects, addressing infrastructure challenges, and enhancing grid reliability. The acquisition aligns with Partners Group’s focus on co-locating renewables with existing power assets, leveraging its experience to optimize underutilized sites and meet the growing energy needs driven by data center expansion and economic electrification.

The most recent analyst rating on (CH:PGHN) stock is a Hold with a CHF1380.00 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 US Private Wealth Leadership with Key Appointment

Partners Group has appointed Anastasia Amoroso as Managing Director and Chief Investment Strategist for its Private Wealth and Retirement business, marking a strategic move to bolster its growth in the US market. This appointment is part of a broader effort to enhance leadership within its Private Wealth division, following record fundraising achievements and strategic partnerships, positioning the firm as a leader in making private market investments accessible to a wider range of investors.

The most recent analyst rating on (CH:PGHN) stock is a Hold with a CHF1380.00 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 Shareholders Approve Key Proposals at 2025 AGM

Partners Group Holding AG’s shareholders approved all proposals at the 2025 Annual General Meeting, including the 2024 financial and non-financial reports, a cash dividend of CHF 42.00 per share, and the discharge of the Board and Executive Team from liability. The meeting also saw the re-election of Steffen Meister as Executive Chairman and the election of Urban Angehrn to the Board. PricewaterhouseCoopers AG was appointed as the new statutory auditor, indicating a continued focus on governance and strategic leadership.

The most recent analyst rating on (CH:PGHN) stock is a Hold with a CHF1380.00 price target. To see the full list of analyst forecasts on Partners Group Holding AG stock, see the CH:PGHN Stock Forecast page.

Green Tea’s IPO Marks New Growth Phase Under Partners Group

Green Tea, a top casual dining brand in China, has successfully listed its shares on the Hong Kong Stock Exchange, marking a significant milestone under the ownership of Partners Group. The IPO will enable Green Tea to expand its restaurant network, enhance its food processing capabilities, and upgrade IT systems, positioning it for further growth in China’s rising market.

The most recent analyst rating on (CH:PGHN) stock is a Hold with a CHF1380.00 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 Digital Halo to Expand Data Center Operations in Asia

Partners Group has announced its acquisition of Singapore-based data center operator Digital Halo, with plans to invest approximately USD 400 million to expand its operations across Southeast and North Asia. This acquisition marks Partners Group’s fourth data center investment globally since 2021, highlighting its strategic focus on the high-growth data center sector. The firm aims to transform Digital Halo into a leading regional data center platform, leveraging the robust demand for data center capacity driven by trends such as cloud migration and AI workloads. The initiative will involve the development of new data center assets in key Asian markets, positioning Partners Group to capitalize on significant growth opportunities in the region.

The most recent analyst rating on (CH:PGHN) stock is a Hold with a CHF1380.00 price target. To see the full list of analyst forecasts on Partners Group Holding AG stock, see the CH:PGHN Stock Forecast page.

Generali and Partners Group Launch Private Credit Secondaries Fund

Generali Investments, in collaboration with Partners Group, has launched its inaugural Private Credit Secondaries Fund, targeting professional investors in Europe, the Middle East, and Asia. The fund aims to capture market share in the rapidly growing private credit secondaries space by leveraging Generali’s origination and underwriting strengths and Partners Group’s expertise in private credit markets. This strategic collaboration is expected to enhance origination capacity, underwriting capabilities, and client reporting support, while also expanding fundraising efforts. The partnership aims to capitalize on the rising private credit assets under management, estimated at $1.6 trillion, and the increasing use of the secondary market as a portfolio management tool by LPs.

Partners Group Invests EUR 120 Million in Spain’s Largest Organic Waste Manager

Partners Group has announced a significant investment of over EUR 120 million in Gestcompost, Spain’s largest organic waste manager, through its infrastructure secondaries business. This investment will support Gestcompost’s expansion in biomethane production, benefiting from thematic tailwinds such as higher landfill costs and energy transition targets. The move positions Partners Group as a key player in the European circular economy, with Gestcompost set to leverage its market-leading position to drive growth and contribute to emissions reduction goals.