Education
About Us
Working with TipRanks
Follow Us
Petershill Partners PLC (GB:PHLL)
LSE:PHLL
Top Page
Petershill Partners PLC
(LSE:PHLL)
Select Model
Select Model
Rating:76Outperform
Price Target:
261.00p
▲(12.99% Upside)
Petershill Partners PLC demonstrates strong financial performance and attractive valuation, with a low P/E ratio and high dividend yield. The earnings call provided a positive outlook despite some challenges. Technical analysis shows mixed signals, with potential bearish momentum but also oversold conditions.
Petershill Partners PLC (PHLL) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£2.53B
Dividend Yield13.25%
Average Volume (3M)410.68K
Price to Earnings (P/E)3.9
Beta (1Y)1.28
Revenue Growth1.20%
EPS Growth161.62%
CountryUK
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.08
Shares Outstanding1,081,708,100
10 Day Avg. Volume489,430
30 Day Avg. Volume410,678
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.96
Price to Sales (P/S)14.99
P/FCF Ratio25.08
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£292.20Price Target Upside26.49% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
Petershill Partners PLC Business Overview & Revenue Model
Company DescriptionPetershill Partners PLC operates as a general partner solutions investment firm. It provides capital and strategic support to asset managers through minority stake acquisitions. The company was formerly known as Delta Epsilon plc and changed its name to Petershill Partners PLC in September 2, 2021. The company was founded in 2007 and is based in London, the United Kingdom. Petershill Partners PLC operates as a subsidiary of GSAM Holdings LLC.
How the Company Makes MoneyPetershill Partners generates revenue primarily through management fees and performance fees from its investments in alternative asset management firms. The company's revenue model is based on acquiring minority stakes in established asset managers and participating in their growth. Key revenue streams include a percentage of assets under management (AUM) from the firms in which it invests, as well as a share of profits realized through performance fees. Additionally, strategic partnerships with leading asset management firms enhance its earning potential, allowing Petershill to benefit from the growth and success of its portfolio companies.
Petershill Partners PLC Earnings Call Summary
Earnings Call Date:Sep 17, 2025
(Q2-2025)
| Next Earnings Date:Mar 31, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted strong capital return proposals and growth in AUM, but also noted challenges such as a decline in net management fees and persistent trading discounts. Despite these challenges, the strategic decisions and M&A successes provided a positive outlook.Q2-2025 Updates
Positive Updates
Strong Capital Return Proposal
The Board proposed a return of capital to free-float shareholders at $4.202 per share, which includes a 35% premium to the previous day's closing share price and a 41% premium to the volume-weighted average price over the past 6 months.
Growth in Asset Under Management (AUM)
Total AUM grew by 6%, reaching $351 billion, while fee-paying AUM saw a 3% increase despite challenging market conditions.
Increase in Adjusted Earnings Per Share
Adjusted earnings per share rose by 35% compared to the first half of the previous year, driven by increased interest income.
Successful M&A Activities
The company successfully executed several transactions, including the sale of its stake in General Catalyst for $726 million and the acquisition of a stake in Frazier Healthcare Partners for $330 million.
Negative Updates
Decline in Net Management Fees
Net management fees declined by 8% on a reported basis, despite a 14% increase on a pro forma basis when adjusted for disposals.
Continued Trading Discount
The company continued to trade at an average discount of 37% to book value and 43% to P/E multiples of listed competitors, reflecting market challenges and illiquidity.
Reduction in Investments at Fair Value
Investments in partner firms at fair value decreased from $5.8 billion at the end of 2024 to $5.5 billion by June 2025 due to disposals.
Company Guidance
During the Petershill Partners Interim Results Call for the first half of 2025, the company announced a proposal for a capital return to free-float shareholders, which includes a $4.202 per share payment, combining a $4.15 capital return and a $0.052 interim dividend. This represents a 35% premium to the previous day's closing share price and a 41% premium to the six-month volume-weighted average price. The payment translates to a 10.6% discount to book value, compared to the average 37% discount since January 2024, and reflects a P/E multiple of 18.5x. The company's assets under management (AuM) grew to $351 billion, with fee-paying AuM at $28 billion. Earnings per share increased by 35% to $0.114, with total capital return for the first half reaching $265 million. Despite disposals, the company maintained strong engagement, raising $19 billion in gross fee-eligible assets and completing significant transactions, including a $726 million stake sale in General Catalyst and a $330 million acquisition in Frazier Healthcare Partners.Petershill Partners PLC Financial Statement Overview
Summary
Petershill Partners PLC shows strong financial health with significant revenue and profit growth, high profitability margins, and a robust balance sheet with no debt. However, the decline in free cash flow growth rate is a concern for future liquidity.Income Statement
Petershill Partners PLC demonstrated strong financial performance in the latest year, with significant revenue growth and improved profitability. The gross profit margin remained high at 100%, indicating efficient cost management. The net profit margin improved to 82.03%, reflecting strong bottom-line performance. EBIT margin showed a notable increase, pointing to enhanced operational efficiency. The company exhibited a remarkable revenue growth rate of 119.73% from 2023 to 2024, which reflects strong business expansion and recovery from previous losses.85
Very Positive
Balance Sheet
The balance sheet of Petershill Partners PLC is robust, with a strong equity position and zero debt, indicating financial stability and low leverage. The equity ratio of 81.58% signifies a healthy proportion of equity financing. The return on equity (ROE) improved to 16.32%, showcasing effective utilization of shareholders' funds. The absence of debt reduces financial risk, though the relatively high stockholders' equity implies a conservative capital structure.78
Positive
Cash Flow
Cash flow analysis reveals a mixed picture. The operating cash flow to net income ratio is 0.34, indicating that a portion of net income translates into cash flow. The free cash flow decreased from 2023 to 2024, indicating potential reinvestment or changes in working capital. The free cash flow to net income ratio is 0.34, suggesting that not all earnings are converted into free cash. Despite positive operating cash flow, the decline in free cash flow growth rate is a concern for future liquidity.70
Positive
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 325.35M | 546.40M | 386.45M | 135.15M |
| Gross Profit | 300.19M | 524.50M | 359.15M | 126.11M |
| EBITDA | 979.78M | 286.78M | 329.36M | 298.31M |
| Net Income | 815.00M | 321.10M | -444.67M | 243.66M |
Balance Sheet | ||||
| Total Assets | 6.24B | 5.69B | 5.75B | 6.69B |
| Cash, Cash Equivalents and Short-Term Investments | 748.82M | 305.20M | 584.14M | 576.77M |
| Total Debt | 581.60M | 493.80M | 737.06M | 1.14B |
| Total Liabilities | 1.15B | 853.40M | 1.01B | 1.40B |
| Stockholders Equity | 5.09B | 4.83B | 4.74B | 5.29B |
Cash Flow | ||||
| Free Cash Flow | 194.45M | 617.20M | 215.81M | 102.91M |
| Operating Cash Flow | 194.45M | 617.20M | 215.81M | 102.91M |
| Investing Cash Flow | 108.78M | -204.20M | -140.40M | -242.78M |
| Financing Cash Flow | -579.13M | -267.70M | -72.36M | 707.89M |
Petershill Partners PLC Technical Analysis
Neutral
231.00
Price Trends
234.78
Negative
226.42
Positive
226.98
Positive
Market Momentum
-0.37
Positive
44.53
Neutral
28.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:PHLL, the sentiment is Neutral. The current price of 231 is below the 20-day moving average (MA) of 235.02, below the 50-day MA of 234.78, and above the 200-day MA of 226.98, indicating a neutral trend. The MACD of -0.37 indicates Positive momentum. The RSI at 44.53 is Neutral, neither overbought nor oversold. The STOCH value of 28.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:PHLL.
Petershill Partners PLC Peers Comparison
Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | 3.49B | 11.69 | 40.20% | 6.03% | 0.18% | -6.74% | |
77 Outperform | 1.89B | 29.50 | ― | 5.22% | 14.05% | -3.07% | |
76 Outperform | £2.53B | 3.94 | 16.46% | 13.25% | 1.20% | 161.62% | |
76 Outperform | 2.02B | 14.41 | 17.78% | 7.18% | -10.85% | -42.02% | |
71 Outperform | 3.40B | 10.71 | 4.71% | 7.65% | -7.11% | 0.45% | |
54 Neutral | 2.51B | 45.05 | 6.59% | 2.67% | 62.91% | -15.13% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
Performance Comparison
GB:PHLL
Petershill Partners PLC
231.00
47.53
25.91%
GB:EMG
Man Group plc
180.00
-15.98
-8.15%
GB:RAT
Rathbones Group PLC
1,802.00
134.25
8.05%
GB:ABDN
Aberdeen Group
190.80
44.67
30.57%
NINTF
Ninety One
2.59
0.35
15.62%
GB:BPT
Bridgepoint Group Plc
304.20
-12.13
-3.83%
Petershill Partners PLC Corporate Events
Executive/Board Changes
Petershill Partners Appoints Cecilia McAnulty as Non-Executive Director
Positive
Aug 7, 2025
Petershill Partners PLC has announced the appointment of Cecilia McAnulty as a Non-Executive Director, effective from August 7, 2025. McAnulty will join several key committees within the company, including Audit and Risk, Remuneration, Nomination, and Management Engagement. This appointment is expected to strengthen the company’s governance and operational oversight, potentially enhancing its position in the alternative asset management industry.
The most recent analyst rating on (GB:PHLL) stock is a Buy with a £240.00 price target. To see the full list of analyst forecasts on Petershill Partners PLC stock, see the GB:PHLL Stock Forecast page.
Business Operations and StrategyFinancial Disclosures
Petershill Partners Reports Strong AuM Growth in H1 2025
Positive
Jul 22, 2025
Petershill Partners PLC reported a significant increase in its assets under management (AuM) for the first half of 2025, with organic gross fee-eligible AuM rising by $19 billion. This growth reflects a strategic shift in asset raising to the first half of the year, contributing to a 6% year-over-year increase in aggregate partner-firm AuM. The company’s recent disposal of its stake in Harvest Partners reduced its aggregate partner-firm AuM to $332 billion on a pro-forma basis. These developments indicate a robust performance and strategic realignment that could enhance the company’s market position and provide stable cash flows for shareholders.
The most recent analyst rating on (GB:PHLL) stock is a Buy with a £240.00 price target. To see the full list of analyst forecasts on Petershill Partners PLC stock, see the GB:PHLL Stock Forecast page.
Business Operations and StrategyM&A Transactions
Petershill Partners Sells Stake in Harvest Partners at Premium
Positive
Jul 18, 2025
Petershill Partners PLC has sold its stake in Harvest Partners for $561 million, achieving a 22% premium over the carrying value. This transaction underscores Petershill’s ability to realize assets at attractive valuations and highlights its value creation model, though it is expected to slightly reduce distributable earnings for 2025 and 2026. The proceeds from the sale, equivalent to 16% of Petershill’s market capitalization, will be considered for reinvestment or distribution to shareholders.
The most recent analyst rating on (GB:PHLL) stock is a Buy with a £240.00 price target. To see the full list of analyst forecasts on Petershill Partners PLC stock, see the GB:PHLL Stock Forecast page.
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.