Patria Investments Limited logo PAX - Patria Investments Limited

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 3
HOLD 2
SELL 0
STRONG
SELL 0
| PRICE TARGET: $18.00 DETAILS
HIGH: $18.00
LOW: $18.00
MEDIAN: $18.00
CONSENSUS: $18.00
UPSIDE: 63.34%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018
Revenue
Revenue 383.8 374.2 327.6 258.9 235.5 115.0 123.5 105.7
Cost of Revenue 14.6 50.5 38.7 34.8 14.6 10.6 43.2 41.4
Gross Profit 369.2 323.7 288.9 224.1 220.9 104.4 80.3 64.3
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0
SG&A Expenses 43.8 120.9 97.1 71.8 74.6 29.3 12.9 16.4
Other Expenses 194.1 36.9 27.9 21.9 9.1 7.9 2.6 1.3
Operating Expenses 237.9 157.8 125.0 93.6 83.7 37.2 15.5 17.7
Operating Income
Operating Income 131.3 165.9 163.9 130.4 137.2 67.2 64.8 46.5
Interest Expense 0 11.4 1.2 1.8 1.0 0.9 0 0.2
Interest Income (39) 0 0 0 0 0.0 0.9 0.0
Profitability
EBITDA 131.3 133.2 146.4 125.5 131.3 73.5 73.6 53.9
EBIT 131.3 97.4 119.2 104.3 122.6 65.8 65.4 46.7
Income Before Tax 92.2 86.0 118.0 102.5 121.6 65.0 64.5 46.5
Income Tax Expense 1.7 10.3 (2.8) 8.3 0.4 3.1 3.5 2.0
Net Income 85.6 71.9 118.4 93.0 122.5 62.2 58.5 43.7
Per Share Data
EPS (Basic) 0.54 0.47 0.80 0.63 0.90 0.47 0.44 0.37
EPS (Diluted) 0.54 0.47 0.80 0.63 0.90 0.47 0.44 0.37
Shares Outstanding 158.0 153.6 148.2 147.2 136.0 133.7 133.7 117
Metric 2025 2024 2023 2022 2021 2020 2019 2018
Current Assets
Cash & Cash Equivalents 53.6 33.4 16.1 26.5 15.3 14.1 4.1 2.3
Short-Term Investments 35.1 5.0 17.2 45.5 151.9 9.9 33.0 39.8
Net Receivables 138.7 227.1 134.6 132.2 110.7 24.7 11.5 9.2
Inventory 0 0 0 0 0 0 0 0
Other Current Assets 153.4 86.8 206.8 263.3 68.0 0.9 0.5 0.1
Total Current Assets 405.3 372.7 401.6 479.6 352.3 53.7 56.8 59.1
Non-Current Assets
Property, Plant & Equipment 44.9 34.9 30.2 26.4 16.5 4.0 6.6 3.5
Goodwill 440.1 356.0 311.2 276.8 242.9 0 0 0
Intangible Assets 384.0 344.9 175.8 134.7 116.0 22.4 25.5 31.6
Long-Term Investments 44.6 50.0 58.6 43.2 18.3 2.0 3.7 21.8
Other Non-Current Assets 155.5 31.8 18.7 13.7 11.9 22.9 16.3 1.1
Total Non-Current Assets 1,089.8 833.4 610.0 496.6 409.0 53.5 58.0 63.9
Total Assets 1,495.1 1,206.1 1,011.6 976.2 761.3 107.2 114.9 122.9
Current Liabilities
Account Payables 58.8 41.8 4.8 3.3 7.2 3.0 0.5 1.4
Short-Term Debt 0 78.5 0 0 0 0 0 0
Deferred Revenue 0 0 0 0 0 1.7 0.9 1.2
Other Current Liabilities 168.5 107.5 295.8 259.1 36.1 13.8 12.8 1.8
Total Current Liabilities 415.0 397.4 397.5 338 156.2 44.0 19.0 22.2
Non-Current Liabilities
Long-Term Debt 174.9 149.5 0 0 0 0 0 0
Deferred Tax Liabilities 52.4 1.8 0 0 0 0.2 0.4 0.1
Other Non-Current Liabilities 200.0 147.8 79.9 110.9 33.9 3.1 4.8 23.1
Total Non-Current Liabilities 446.7 317.8 92.7 124.8 40.8 4.1 7.1 23.2
Total Liabilities 861.7 715.2 490.2 462.8 197.0 48.1 26.1 45.3
Stockholders' Equity
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Retained Earnings 0 0 50.8 77.6 87.9 62.0 85.5 72.9
Accumulated Other Comprehensive Income 22.3 (46.2) (9.1) (10.0) (8.9) (6.2) (5.9) (2.9)
Total Stockholders' Equity 611.8 481.1 542.5 552.8 564.3 57.3 81.2 71.6
Total Liabilities & Equity 1,495.1 1,206.1 1,011.6 976.2 761.3 107.2 114.9 122.9
Debt Metrics
Total Debt 198.7 250.4 15.8 16.1 7.9 1.6 3.1 0
Net Debt 145.1 217.0 (0.2) (10.4) (7.4) (12.5) (1.0) (2.3)
Metric 2025 2024 2023 2022 2021 2020 2019 2018
Operating Activities
Net Income 85.6 75.7 120.8 94.1 121.2 62.2 58.5 44.5
Depreciation & Amortization 0 35.8 27.1 21.2 8.8 7.7 8.3 7.2
Stock-Based Compensation 0 19.1 1.5 0.7 0.8 0 0 0
Change in Working Capital 109.7 (10.9) 18.0 (23.3) (23.2) (18.3) (21.4) (7.1)
Other Non-Cash Items 73.6 15.9 (7.8) (20.0) (0.3) 1.1 (4.4) (7.0)
Operating Cash Flow 268.9 145.9 156.7 81.1 107.6 52.7 44.5 39.5
Investing Activities
Capital Expenditure (10.6) (8.3) (15.0) (6.7) (1.8) (0.7) (0.2) (1.4)
Acquisitions (1.1) (112.6) (7.2) (34.7) (122.8) 0 (0.1) 0
Purchases of Investments (35.8) (3.8) (9.8) (256.8) (159.6) 0 (13.0) 0
Sales/Maturities of Investments 68.5 10.7 31.1 108.9 159.6 24.2 24.4 9.2
Other Investing Activities 0 134.6 53.9 0 (159.6) 0 0.1 (0.4)
Investing Cash Flow 2.3 25.3 62.2 (189.3) (284.2) 23.5 11.3 7.8
Financing Activities
Net Debt Issuance (53.0) 212.6 (3.4) (1.7) (0.8) (0.9) (1.0) 0
Stock Repurchased (56.2) (141.3) (65.2) 0 0 0 0 0
Dividends Paid (95.1) (132.4) (145.1) (103.3) (119.8) (60.9) (46.4) (38.0)
Other Financing Activities (56.7) (90.6) (15.9) (6.5) (4.2) (4.4) (6.4) (10)
Financing Cash Flow (254.5) (151.7) (229.6) 118.5 177.9 (66.2) (53.8) (48.0)
Cash Position
Net Change in Cash 20.2 17.4 (10.5) 11.3 1.2 9.9 1.8 (1.0)
Cash at Beginning 33.4 16.1 26.5 15.3 14.1 4.1 2.3 3.3
Cash at End 53.6 33.4 16.1 26.5 15.3 14.1 4.1 2.3
Free Cash Flow 258.3 137.7 141.7 74.3 105.7 52.0 44.2 38.1
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018
Income Statement
Revenue 383.8 374.2 327.6 258.9 235.5 115.0 123.5 105.7
Gross Profit 369.2 323.7 288.9 224.1 220.9 104.4 80.3 64.3
Operating Income 131.3 165.9 163.9 130.4 137.2 67.2 64.8 46.5
Net Income 85.6 71.9 118.4 93.0 122.5 62.2 58.5 43.7
EPS (Diluted) 0.54 0.47 0.80 0.63 0.90 0.47 0.44 0.37
Balance Sheet
Cash & Equivalents 53.6 33.4 16.1 26.5 15.3 14.1 4.1 2.3
Total Assets 1,495.1 1,206.1 1,011.6 976.2 761.3 107.2 114.9 122.9
Total Debt 198.7 250.4 15.8 16.1 7.9 1.6 3.1 0
Stockholders' Equity 611.8 481.1 542.5 552.8 564.3 57.3 81.2 71.6
Cash Flow
Operating Cash Flow 268.9 145.9 156.7 81.1 107.6 52.7 44.5 39.5
Capital Expenditure (10.6) (8.3) (15.0) (6.7) (1.8) (0.7) (0.2) (1.4)
Free Cash Flow 258.3 137.7 141.7 74.3 105.7 52.0 44.2 38.1