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CVC Capital Partners plc
(CVC)
Select Model
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Rating:74Outperform
Price Target:
€16.50
▲(16.61% Upside)
Action:Upgraded
Date:07/17/26
The score is driven primarily by strong operating profitability and solid cash conversion, offset by balance-sheet risk (debt and past negative equity) and revenue volatility. Technicals are constructive but look overbought, while the low P/E and decent dividend yield meaningfully support the overall rating.
Positive Factors
High profitability / margins
Exceptionally high reported margins in 2025 (gross ~80%, net ~64%) indicate strong fee economics and pricing power in the asset-management model. Durable margin strength supports free cash flow, coverage of fixed costs, and reinvestment in investment and distribution capabilities across cycles.
Negative Factors
Revenue decline and volatility
A 16.6% revenue decline in 2025 after prior modest growth highlights meaningful top-line volatility. For a manager that relies on fee pools, falling revenue reduces management fees and the pipeline for carried interest, making medium-term cash flow and earnings less predictable.
Read all positive and negative factors
Positive Factors
Negative Factors
High profitability / margins
Exceptionally high reported margins in 2025 (gross ~80%, net ~64%) indicate strong fee economics and pricing power in the asset-management model. Durable margin strength supports free cash flow, coverage of fixed costs, and reinvestment in investment and distribution capabilities across cycles.
Read all positive factors
CVC Capital Partners plc (CVC) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€16.00B
Dividend Yield3.03%
Average Volume (3M)799.07K
Price to Earnings (P/E)12.4
Beta (1Y)1.31
Revenue Growth13.61%
EPS Growth28.51%
CountryNL
Employees1,507
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)1.06
Shares Outstanding1,046,449,300
10 Day Avg. Volume800,583
30 Day Avg. Volume799,070
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)9.39
Price to Sales (P/S)8.17
P/FCF Ratio25.51
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€18.97Price Target Upside34.04% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.81
Revenue Forecast (FY)€1.89B
CVC Capital Partners plc Business Overview & Revenue Model
Company Description
CVC Capital Partners plc is a private equity and venture capital firm specializing in middle market secondaries, infrastructure and credit, management buyouts, leveraged buyouts, growth equity, mature, recapitalizations, strip sales, and spinouts....
How the Company Makes Money
CVC makes money primarily by earning fees and performance-based income for managing investment funds and vehicles. Key revenue streams include: (1) Management fees: recurring fees charged to investors (limited partners) for managing private equity...
CVC Capital Partners plc Earnings Call Summary
Earnings Call Date:Sep 04, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Mar 25, 2027
Earnings Call Sentiment Positive
The earnings call reflects a strong performance by CVC Capital Partners with significant growth in AUM, robust fundraising momentum, and record realizations and returns. Despite some challenges posed by macroeconomic headwinds and FX impacts, the overall outlook remains positive with continued expansion in infrastructure and credit segments.Positive Updates
Increase in Fee-Paying AUM
Fee-Paying AUM increased from EUR 128 billion as of June '24 to EUR 140 billion, representing a significant growth in assets under management.
Negative Updates
Negative FX Impact on Valuation
Changes in FX rates impacted the valuation of U.S. dollar assets negatively when translating into euros.
Read all updates
Q2-2025 Updates
Positive
Negative
Increase in Fee-Paying AUM
Fee-Paying AUM increased from EUR 128 billion as of June '24 to EUR 140 billion, representing a significant growth in assets under management.
Read all positive updates
Company Guidance
During the CVC Capital Partners plc 2025 Half Year Results Call, the company provided guidance highlighting several key metrics. Fee-Paying Assets Under Management (AUM) increased from EUR 128 billion in June 2024 to EUR 140 billion by the first half of 2025, driven by strong fundraising momentum and client interest in Europe. The company reported deployment and realizations both increased by over 20% year-on-year, with last 12-month average realized returns of 3.3x gross multiple of money and a 27% gross Internal Rate of Return (IRR). Financially, revenues and EBITDA grew by 14% over the past year, and a EUR 250 million interim dividend is scheduled for October 2025. The company also revealed plans for future product launches and fundraising activities, including significant progress in Credit, Secondaries, and Infrastructure, which now account for approximately 50% of Fee-Paying AUM. Additionally, management fees increased by 20% year-on-year, contributing to a 25% rise in management fee earnings. The call emphasized CVC's commitment to long-term growth and delivering top-class returns for stakeholders.CVC Capital Partners plc Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
56
Neutral
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.95B | 1.86B | 1.56B | 987.97M | 1.05B | 1.19B |
| Gross Profit | 1.50B | 1.49B | 1.15B | 528.77M | 684.96M | 868.68M |
| EBITDA | 1.31B | 1.46B | 483.67M | 650.10M | 597.70M | 1.35B |
| Net Income | 1.12B | 1.18B | 225.29M | 367.01M | 436.30M | 1.22B |
Balance Sheet | ||||||
| Total Assets | 5.69B | 5.21B | 5.27B | 1.95B | 3.12B | 2.46B |
| Cash, Cash Equivalents and Short-Term Investments | 1.03B | 721.16M | 618.29M | 100.68M | 149.09M | 490.14M |
| Total Debt | 2.39B | 1.78B | 1.82B | 1.45B | 1.38B | 1.37B |
| Total Liabilities | 3.44B | 2.96B | 3.46B | 2.34B | 2.85B | 2.35B |
| Stockholders Equity | 1.58B | 1.62B | 985.73M | -611.33M | -126.44M | -134.22M |
Cash Flow | ||||||
| Free Cash Flow | 691.24M | 595.91M | 667.95M | 342.60M | 289.14M | 1.54B |
| Operating Cash Flow | 716.33M | 624.56M | 689.13M | 346.27M | 291.06M | 1.54B |
| Investing Cash Flow | -141.59M | 120.42M | -248.12M | 126.56M | -158.22M | -120.88M |
| Financing Cash Flow | -490.64M | -620.27M | 62.60M | -491.22M | -478.46M | -1.22B |
CVC Capital Partners plc Technical Analysis
Positive
14.15
Price Trends
13.89
Positive
13.18
Positive
13.24
Positive
Market Momentum
0.48
Positive
66.74
Neutral
44.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:CVC, the sentiment is Positive. The current price of 14.15 is below the 20-day moving average (MA) of 14.93, above the 50-day MA of 13.89, and above the 200-day MA of 13.24, indicating a bullish trend. The MACD of 0.48 indicates Positive momentum. The RSI at 66.74 is Neutral, neither overbought nor oversold. The STOCH value of 44.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:CVC.
CVC Capital Partners plc Peers Comparison
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-8.32%
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NN Group N.V.
78.71
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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.