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Patria Investments Limited (PAX) 10-Year Financial Performance & Capital Metrics

PAX • • Banking & Credit
Financial ServicesAsset ManagementAlternative Asset ManagementPrivate Equity & Real Asset Managers
AboutPatria Investments Limited operates as a private market investment firm focused on investing in Latin America. The company offers asset management services to investors focusing on private equity funds, infrastructure development funds, co-investments funds, constructivist equity funds, and real estate and credit funds. Patria Investments Limited was founded in 1994 and is headquartered in Grand Cayman, the Cayman Islands.Show more
  • Net Interest Income -$11M -817.3%
  • Total Revenue $374M +14.2%
  • Net Income $72M -39.3%
  • Return on Equity 14.2% -37.9%
  • Net Interest Margin -0.95% -669.3%
  • Efficiency Ratio 42.17% +10.5%
  • ROA 6.48% -45.6%
  • Equity / Assets 40.7% -21.0%
  • Book Value per Share 3.20 -8.8%
  • Tangible BV/Share -1.37 -692.0%
  • Debt/Equity 0.51 +1579.2%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Efficient operations: 42.2% efficiency ratio
  • ✓Well capitalized: 40.7% equity/assets
  • ✓Good 3Y average ROE of 18.1%
  • ✓Healthy dividend yield of 4.9%
  • ✓Diversified revenue: 100.0% from non-interest income
  • ✓Trading near 52-week high

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Weak NIM of -0.9%
  • ✗Dividend payout exceeds 100% of earnings

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y24.82%
3Y16.69%
TTM-

Profit (Net Income) CAGR

10Y-
5Y4.19%
3Y-16.28%
TTM67.19%

EPS CAGR

10Y-
5Y1.33%
3Y-19.47%
TTM61.75%

ROCE

10Y Avg44.03%
5Y Avg39.22%
3Y Avg23.49%
Latest23.32%

Peer Comparison

Private Equity & Real Asset Managers
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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TTM Growth
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Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
TPGTPG Inc.9.85B67.271044.5741.37%0.9%6.69%5.11%0.44
GCMGGCM Grosvenor Inc.2.18B11.68340.5215.82%3.57%8.9%6.05%
BNBrookfield Corporation106.23B47.33228.98-10.34%0.75%0.61%1.42
BXBlackstone Inc.118.75B160.8144.4252.91%24.41%13.59%2.88%0.63
BAMBrookfield Asset Management Ltd.83.91B52.0440.66-2.02%54.47%22.06%2.21%0.07
KKRKKR & Co. Inc.117.05B131.3240.0451.09%14.22%4.36%5.56%0.82
PAXPatria Investments Limited1.13B17.4337.0914.22%19.21%17.64%12.14%0.51
HLNEHamilton Lane Incorporated6.76B153.8428.4428.73%30.49%19.91%4.6%0.40

Profit & Loss

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Net Interest Income+-303K936K-865K-1.02M-1.81M-1.24M-11.4M
NII Growth %-4.09%-1.92%-0.18%-0.77%0.31%-8.17%
Net Interest Margin %-------
Interest Income26K936K4K0000
Interest Expense206K0869K1.02M1.81M1.24M11.4M
Loan Loss Provision41.21M43.19M9.76M13.61M33.02M37.49M39.09M
Non-Interest Income+105.64M122.55M115.01M235.51M258.88M327.62M374.2M
Non-Interest Income %-------
Total Revenue+105.67M123.48M115.02M235.51M258.88M327.62M374.2M
Revenue Growth %-0.17%-0.07%1.05%0.1%0.27%0.14%
Non-Interest Expense17.72M15.47M37.18M83.66M93.64M125.03M157.81M
Efficiency Ratio-------
Operating Income+46.54M64.83M67.21M137.22M130.41M163.86M165.9M
Operating Margin %-------
Operating Income Growth %-0.39%0.04%1.04%-0.05%0.26%0.01%
Pretax Income+46.46M64.45M64.98M121.57M102.45M118M85.99M
Pretax Margin %-------
Income Tax+1.99M3.51M3.14M381K8.35M-2.82M10.31M
Effective Tax Rate %-------
Net Income+43.67M58.54M62.21M122.48M92.96M118.4M71.88M
Net Margin %-------
Net Income Growth %-0.34%0.06%0.97%-0.24%0.27%-0.39%
Net Income (Continuing)44.46M60.94M61.84M121.19M94.1M120.81M75.69M
EPS (Diluted)+0.370.440.470.900.630.800.47
EPS Growth %-0.19%0.07%0.91%-0.3%0.27%-0.41%
EPS (Basic)0.370.440.470.900.630.800.47
Diluted Shares Outstanding117M133.65M133.65M135.98M147.23M148.68M153.59M

Balance Sheet

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash & Short Term Investments+1000K1000K1000K1000K1000K1000K1000K
Cash & Due from Banks2.35M4.12M14.05M15.26M26.52M16.05M33.42M
Short Term Investments1000K1000K1000K1000K1000K1000K1000K
Total Investments+61.56M36.7M11.91M170.14M88.78M75.8M54.98M
Investments Growth %--0.4%-0.68%13.28%-0.48%-0.15%-0.27%
Long-Term Investments21.8M3.67M1.99M18.28M43.23M58.65M50.03M
Accounts Receivables1000K1000K1000K1000K1000K1000K1000K
Goodwill & Intangibles+-------
Goodwill000242.89M276.82M311.17M355.96M
Intangible Assets31.55M25.46M22.36M116.02M134.7M175.84M344.91M
PP&E (Net)3.51M6.6M3.96M16.45M26.41M30.2M34.87M
Other Assets1.07M16.31M22.89M11.92M13.69M18.66M31.84M
Total Current Assets59.08M56.82M53.67M352.32M479.64M401.59M372.68M
Total Non-Current Assets63.86M58.03M53.53M409M496.6M609.99M833.43M
Total Assets+122.94M114.86M107.2M761.32M976.24M1.01B1.21B
Asset Growth %--0.07%-0.07%6.1%0.28%0.04%0.19%
Return on Assets (ROA)0.36%0.49%0.56%0.28%0.11%0.12%0.06%
Accounts Payable1.42M492K3.04M7.22M3.26M4.81M41.79M
Total Debt+03.1M1.58M7.86M16.09M15.84M250.41M
Net Debt-2.35M-1.02M-12.47M-7.4M-10.43M-214K216.99M
Long-Term Debt000000149.45M
Short-Term Debt00000078.52M
Other Liabilities23.1M4.78M3.1M33.9M110.93M79.92M147.84M
Total Current Liabilities22.16M19.04M44.04M156.23M338M397.5M397.39M
Total Non-Current Liabilities23.16M7.07M4.09M40.81M124.78M92.74M317.79M
Total Liabilities45.32M26.11M48.13M197.04M462.78M490.24M715.17M
Total Equity+77.62M88.75M59.07M564.28M513.46M521.34M490.93M
Equity Growth %-0.14%-0.33%8.55%-0.09%0.02%-0.06%
Equity / Assets (Capital Ratio)-------
Return on Equity (ROE)0.56%0.7%0.84%0.39%0.17%0.23%0.14%
Book Value per Share0.660.660.444.153.493.513.20
Tangible BV per Share-------
Common Stock1K1K1K15K15K15K15K
Additional Paid-in Capital1.56M1.56M1.56M485.18M485.18M500.69M527.24M
Retained Earnings72.91M85.48M62M87.95M77.58M50.83M0
Accumulated OCI-2.85M-5.88M-6.24M-8.86M-9.98M-9.05M-46.18M
Treasury Stock0000000
Preferred Stock0000000

Cash Flow

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+39.52M44.47M52.7M107.56M81.05M156.72M145.95M
Operating CF Growth %-0.13%0.19%1.04%-0.25%0.93%-0.07%
Net Income44.46M58.54M62.21M121.19M94.1M120.81M75.69M
Depreciation & Amortization7.2M8.28M7.69M8.76M21.2M27.12M35.82M
Deferred Taxes1.99M3.51M0381K8.35M-2.82M10.31M
Other Non-Cash Items-6.99M-4.43M1.14M-345K-20M-7.83M15.91M
Working Capital Changes-7.14M-21.43M-18.34M-23.19M-23.33M17.97M-10.87M
Cash from Investing+7.81M11.25M23.51M-284.23M-189.35M62.17M25.31M
Purchase of Investments0-13.03M0-159.62M-256.76M-9.79M-3.83M
Sale/Maturity of Investments1000K1000K1000K1000K1000K1000K1000K
Net Investment Activity-------
Acquisitions0-68K0-122.77M-34.73M-7.16M-112.57M
Other Investing-408K143K0-159.62M053.91M134.65M
Cash from Financing+-48.01M-53.77M-66.24M177.89M118.55M-229.63M-151.65M
Dividends Paid-38.01M-46.4M-60.93M-119.79M-103.33M-145.15M-132.38M
Share Repurchases00000-65.16M-141.3M
Stock Issued000302.72M230M00
Net Stock Activity-------
Debt Issuance (Net)0-987K-893K-832K-1000K-1000K1000K
Other Financing-10M-6.39M-4.42M-4.21M-6.47M-15.91M-90.6M
Net Change in Cash+-978K1.77M9.93M1.21M11.26M-10.47M17.37M
Exchange Rate Effect-293K-175K-35K-12K1000K267K-1000K
Cash at Beginning3.32M2.35M4.12M14.05M15.26M26.52M16.05M
Cash at End2.35M4.12M14.05M15.26M26.52M16.05M33.42M
Interest Paid0000000
Income Taxes Paid0000000
Free Cash Flow+38.09M44.25M52.03M105.72M74.34M141.71M137.66M
FCF Growth %-0.16%0.18%1.03%-0.3%0.91%-0.03%

Banking Ratios

Metric2018201920202021202220232024
Return on Equity (ROE)56.26%70.37%84.17%39.3%17.25%22.88%14.2%
Return on Assets (ROA)35.52%49.23%56.03%28.2%10.7%11.91%6.48%
Net Interest Margin-0.25%0.81%-0.81%-0.13%-0.19%-0.12%-0.95%
Efficiency Ratio16.77%12.53%32.32%35.52%36.17%38.16%42.17%
Equity / Assets63.14%77.27%55.1%74.12%52.6%51.54%40.7%
Book Value / Share0.660.660.444.153.493.513.2
NII Growth-408.91%-192.41%-18.15%-76.81%31.21%-817.3%
Dividend Payout87.04%79.26%97.94%97.81%111.16%122.59%184.19%

Revenue by Segment

202120222023
Advisory and Other Ancillary Fees731K4.16M2.74M
Advisory and Other Ancillary Fees Growth-468.54%-34.02%
Total Fund Fees238.86M--
Total Fund Fees Growth---
Management Fees144.65M--
Management Fees Growth---
Performance Fees89.3M--
Performance Fees Growth---
Incentive Fees4.92M--
Incentive Fees Growth---

Revenue by Geography

202120222023
CAYMAN ISLANDS200.69M160.23M215.3M
CAYMAN ISLANDS Growth--20.16%34.37%
CHILE5.21M52.07M53.03M
CHILE Growth-898.54%1.84%
BRAZIL25.73M40.16M50.18M
BRAZIL Growth-56.13%24.93%
UNITED STATES1.57M3.29M4.17M
UNITED STATES Growth-109.69%26.69%
URUGUAY--2.21M
URUGUAY Growth---
COLOMBIA--1.99M
COLOMBIA Growth---
VIRGIN ISLANDS, BRITISH2.31M3.12M23K
VIRGIN ISLANDS, BRITISH Growth-35.09%-99.26%

Frequently Asked Questions

Valuation & Price

Patria Investments Limited (PAX) has a price-to-earnings (P/E) ratio of 37.1x. This suggests investors expect higher future growth.

Growth & Financials

Patria Investments Limited (PAX) grew revenue by 14.2% over the past year. This is steady growth.

Yes, Patria Investments Limited (PAX) is profitable, generating $106.3M in net income for fiscal year 2024 (19.2% net margin).

Dividend & Returns

Yes, Patria Investments Limited (PAX) pays a dividend with a yield of 4.95%. This makes it attractive for income-focused investors.

Patria Investments Limited (PAX) has a return on equity (ROE) of 14.2%. This is reasonable for most industries.

Industry Metrics

Patria Investments Limited (PAX) has a net interest margin (NIM) of -0.9%. NIM has been under pressure due to interest rate environment.

Patria Investments Limited (PAX) has an efficiency ratio of 42.2%. This is excellent, indicating strong cost control.

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