SGT German Private Equity GmbH & Co. KGaA (PGH) AI Stock Analysis

• Market Cap: €3.51M
• Dividend Yield: N/A
• Average Volume (3M): 5.09K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.71
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: DE
• Employees: 180
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Conglomerates
• EPS (TTM): -0.38
• Shares Outstanding: 46,301,800
• 10 Day Avg. Volume: 8,016
• 30 Day Avg. Volume: 5,087
• PEG Ratio: 0.04
• Price to Book (P/B): 1.03
• Price to Sales (P/S): -18.77
• P/FCF Ratio: -2.98
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 39 Underperform
• Price Target: €0.28 ▼(-5.33% Downside)

The score is driven primarily by weak financial performance (recent heavy losses, negative operating/free cash flow, and a shrinking asset/equity base). Technicals reinforce the risk with a strong downtrend and bearish momentum, and valuation signals provide little support because earnings are negative and no dividend yield is available.

Positive Factors

Low Leverage

Near-zero debt materially lowers financial risk and preserves flexibility. Over a multi-month horizon this reduces refinancing pressure, supports survival through loss periods, and enables using internal capacity or equity to fund opportunistic deals without leveraging the capital structure.

Private Equity Specialization

A dedicated private-equity investment focus aligns the firm with long-duration value creation cycles of the asset class. Structurally, this business model emphasizes active portfolio management and multi-year realization horizons, which can support durable fee and performance opportunities versus short-term trading.

Operational Scale

An established headcount signals operational capacity for sourcing, diligencing, and managing private-equity investments. Over the medium term, sufficient staffing supports consistent deal flow, portfolio oversight, and value-creation initiatives that underpin durable investment performance and client servicing.

Negative Factors

Sustained Net Losses

Consecutive net losses erode retained capital and undermine the firm's ability to invest, pay fees, or support portfolio companies. Persisting unprofitability weakens investor confidence, complicates fundraising and long-term growth planning, and risks forcing strategic retrenchment or capital raises.

Negative Operating and Free Cash Flow

Back-to-back negative operating and free cash flows reduce liquidity and operational flexibility. Over months this constrains the firm's ability to meet capital calls, fund operations, or invest in portfolio companies, increasing the likelihood of asset sales, dilutive financing, or cutbacks if trends persist.

Shrinking Capital Base

A rapid decline in assets and equity signals possible write-downs or realized losses and limits scale. This weakens the firm's balance-sheet credibility with LPs and counterparties, reduces fee-generating base, and constrains long-term growth and resilience during future market or deal-cycle stress.

SGT German Private Equity GmbH & Co. KGaA Business Overview & Revenue Model

Company Description

The Payments Group Holding GmbH & Co. KGaA is a holding company with majority shareholdings in four operating FinTech companies and a venture capital provider based in Frankfurt/Main. Its subsidiaries include Funanga AG, Campamocha Ltd. with its 100%-owned entities TBWS Ltd. and Calida Financial Ltd. as well as Surfer Rosa Ltd. form a fast-growing, vertically integrated e-Money PayTech group of companies - The Payments Group (TPG). TPG provides proprietary closed and open (branded and white-labelled) prepaid payment services to hundreds of online merchants worldwide. The synergy between these companies positions TPG as a key player in the future market in embedded financial services and prepaid solutions. Calida Financial Ltd. is the regulated company within TPG, having received an e-money license from the Malta Financial Services Authority (MFSA) in August 2024. This license entitles Calida Financial Ltd. to offer innovative e-money services and products across Europe. The Payments Group Holding holds from its history as a German venture capital provider under the German Startups Group brand a heritage VC-portfolio of minority stakes in German startups via its wholly owned subsidiary German Startups Group VC GmbH. The company was founded by Christoph Gerlinger on May 18, 2011, and is headquartered in Frankfurt, Germany.

How the Company Makes Money

SGT German Private Equity GmbH & Co. KGaA Financial Statement Overview

Summary

Recent performance is weak: profitability deteriorated into sizeable net losses in 2023–2024 and operating/free cash flow were negative in both years. Low leverage (near-zero debt) helps reduce financial risk, but the steep decline in assets and equity from 2022 to 2024 signals a materially weakened capital base.

Income Statement

Results have deteriorated sharply versus earlier profitable years. Revenue swung from positive levels in 2021–2022 to negative in 2024, and profitability is consistently negative in 2023–2024 (net losses in both years, with a very large loss in 2023). While 2021–2022 showed solid profitability, the recent two-year trend points to weak earnings quality and high volatility.

Balance Sheet

Leverage is very low (debt near zero in 2024), which reduces financial risk. However, the balance sheet has weakened materially: total assets and equity have fallen steeply from 2022 to 2024, suggesting a shrinking capital base and/or valuation write-downs. Overall, low debt is a clear strength, but the rapid decline in assets/equity is a notable concern.

Cash Flow

Cash generation is weak and inconsistent. Operating and free cash flow are negative in 2023 and 2024, following strong positive cash flow in 2022 and negative cash flow in 2020–2021. The back-to-back cash outflows in the most recent years reduce flexibility and raise execution risk if losses persist.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	317.57K	-693.69K	―	14.15M	12.16M	1.01M
Gross Profit	0.00	-2.12M	-5.78M	8.97M	9.42M	882.32K
EBITDA	-1.08M	-4.30M	―	1.77M	6.69M	-709.15K
Net Income	-865.66K	-4.31M	-81.51M	6.85M	14.08M	-736.41K
Balance Sheet
Total Assets	12.85M	13.65M	20.70M	105.80M	116.29M	28.60M
Cash, Cash Equivalents and Short-Term Investments	1.13M	287.04K	1.62M	5.41M	2.24M	3.16M
Total Debt	0.00	0.00	107.01K	747.58K	172.59K	2.04K
Total Liabilities	980.00K	1.04M	3.78M	6.44M	73.98M	365.25K
Stockholders Equity	11.87M	12.61M	16.92M	99.35M	42.32M	28.24M
Cash Flow
Free Cash Flow	-1.51M	-4.38M	-2.69M	10.72M	-6.00M	-1.75M
Operating Cash Flow	-1.51M	-4.38M	-2.68M	10.76M	-5.83M	-1.75M
Investing Cash Flow	1.92M	3.35M	4.18M	-2.35M	5.64M	2.09M
Financing Cash Flow	0.00	24.00K	-966.00K	-8.01M	0.00	-4.65M

SGT German Private Equity GmbH & Co. KGaA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
PGH	39 Underperform	€3.51M	-0.80	-31.35%	―	―	―