Loading…
Patria Investments Limited
NASDAQ: PAX Financials AMC 🔎 Screen
$1.8B
Market Cap
30.0
P/E
0.78
PEG
16.9%
ROCE
16.1%
ROE
0.00
D/E
26.9%
OPM
-31.4%
% from 52W High
31
α RS
🔍 PAX is showing a high-conviction setup because it matches 6 of 37 tracked screener presets and Sector RRG has Financials in the Improving quadrant with the trail still strengthening. Net: Partial signal stack, not a recommendation. ? Conviction RRG
Sources
Conviction 6/37 · Financials in Improving quadrant
⚖️ Compare 🔒 Generate Report 🔒 Research Packet 📚 Guides
🌏 Global Investor Returns
Currency-adjusted total returns for PAX including FX impact
🌏
Click 🌏 Returns tab to load data
📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

Patria Investments Limited operates as a private market investment firm.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
Loading…
⭐ Superinvestors Holding PAX
View All Superinvestors →
Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 235.8K $3.0M 0.00% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔒
Premium Feature
AI-generated 10-section company profile — business model, financials, strengths, risks & management quality
Upgrade to Premium
Already a member? Log in
📐
3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
Open Model →
🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →
📊 MIXED Q1 FRE $50.5M (+19% YoY), AUM $45.8B, on track for $7B fundraising.
Revenue & Profitability
Total fee revenues were $92.6M, up 20% YoY. Fee-related earnings (FRE) were $50.5M, up 19% YoY. Distributable earnings per share were $0.27, up 14% YoY. The company reaffirmed full-year 2026 FRE guidance of $225M-$245M and 2027 FRE target of $260M-$290M.
Outlook
Management sees sustained structural interest from global capital in Latin America driven by commodities, renewable energy, and infrastructure needs. Recent geopolitical developments are pushing Asian and European allocators to increase LatAm exposure. However, the upcoming Brazilian election creates uncertainty; a Lula win implies higher inflation and interest rates, while a Bolsonaro win could lead to lower rates. Either scenario is expected to benefit Patria’s diversified product set.
Growth Drivers
Key growth levers include: (1) credit vertical, especially the Solis CLO platform and dollar-denominated Private Credit LatAm Fund II; (2) infrastructure SMAs and co-investments (e.g., data center with ByteDance); (3) the asset exchange model for real estate REITs; (4) GPMS secondaries fund (SOF V), expected to reach ~$600M; and (5) expansion of the European program attracting existing LatAm, North American, and Asian investors.
Balance Sheet & CapEx
Not discussed in this earnings call.
Margins
Q1 2026 FRE margin was 54.6%, with temporary factors: integration costs, seasonal compensation reset, and front-loaded platform investments. Management expects margins to improve progressively through the year, reaching the long-term target of 58%-60%. The path includes conversion of $3.3B pending fee-earning AUM and $10M-$15M seasonal incentive fees in Q4.
Key Risks
Management flagged the Brazilian election as a risk to the operating environment, affecting inflation, interest rates, and asset valuations. DPI challenges for older private equity funds (Fund IV and Fund V) may delay performance fee realizations. The new PRE guidance reduced the three-year cumulative target from $120M-$140M to $80M-$100M, reflecting longer-than-expected exit timelines for Private Equity Fund VI.
Generated by AI · Q1 2026 results · Not investment advice
🔒
Free Account Required

Create a free Finmagine account to access Finmagine™ Scorecard.

See how this company scores across 5 dimensions — Financial Health, Growth Prospects, Competitive Position, Management Quality, and Valuation — powered by 30+ computed ratios.

Create Free AccountLog In
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Ask AI.

Get 25 expert AI analysis templates — Business KPIs, Comprehensive, Forensic Governance, Peer Comparison, Risk-Reward, Full Research Report, IPO Decoder, Red Flag Detector, and more — ready to paste into ChatGPT, Claude, Gemini, or Perplexity.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Peer Comparison.

Compare this company side-by-side against its sector peers with financial metrics, ratio benchmarking, and relative performance across all key dimensions.

Upgrade to PremiumCreate Free Account
✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
🔍
🔎 See cross-company document search → ?
📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-31
Strong Q2 2026 fundraising drove fee-earning AUM up 32% year-over-year, with $4.5 billion raised YTD and guidance on track to exceed targets. FRE and distributable earnings grew double digits, supported by diversified strategies and recent acquisitions. Confidence remains high for 2026 and 2027 objectives.
Q1 2026 Q1 2026 2026-05-07
Q1 2026 saw robust fundraising, Fee-Earning AUM growth, and strong investment performance, with $2.1B raised and FRE up 19% year-over-year. Guidance for 2026 and 2027 was reaffirmed, and the business remains well-capitalized after a $350M debt issuance.
Q4 2025 Q4 2025 2026-02-03
Record fundraising and strong fee-related earnings growth in 2025 drove a 24% year-over-year increase in fee-earning AUM, with major acquisitions expanding scale and capabilities. Guidance for 2026 and 2027 remains robust, supported by a diversified asset base and strong cash generation.
Q3 2025 Q3 2025 2025-11-04
AUM exceeded $50 billion, with strong organic fundraising and fee-earning AUM growth. Q3 saw robust earnings, margin expansion, and a positive outlook, with expectations to surpass fundraising and earnings targets for 2025-2027.
Q2 2025 Q2 2025 2025-08-01
Strong Q2 fundraising and fee-related earnings drove an upward revision of the 2025 fundraising target to $6.3–$6.6 billion, with robust organic growth and resilient AUM. Strategic acquisitions and product diversification, especially in credit, infrastructure, and real estate, position the business for continued expansion and margin improvement.
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Catalyst Timeline.

Every result, order win, insider trade, ECS update, earnings-call, and SEC announcement for this company — in one chronological lane.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Full Report.

Read the complete Finmagine™ investment research report — comprehensive fundamental analysis, business model assessment, competitive positioning, and investment recommendation.

Upgrade to PremiumCreate Free Account

📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

🎯
Discover Our Proven Investment Framework Learn how we analyze and rank stocks using advanced quantitative models, multi-dimensional scoring systems, and dynamic discriminatory ranking techniques that have guided successful investment decisions across market cycles.
📊 Explore The Finmagine™ Methodology

A comprehensive, bias-free framework for analyzing and ranking stocks by Financial Strength, Growth Potential, Competitive Edge, Management Quality, and Value.

Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

⚠️ Important Disclaimers — Please read without fail.

Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

Not SEC-Registered:
Finmagine is not registered as an investment adviser with the U.S. Securities and Exchange Commission (SEC) or any state securities authority. Nothing on this platform constitutes investment advice as defined under the Investment Advisers Act of 1940.

Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

Forward-Looking Statements:
This analysis may contain forward-looking statements, forecasts, or projections that are inherently subject to risks, uncertainties, and assumptions. Actual results may differ materially from those expressed or implied. Finmagine does not undertake any obligation to update such statements in the future.

Limitation of Liability:
The content is provided "as is" without any warranties, express or implied. Finmagine expressly disclaims any liability for errors, omissions, or any losses incurred as a result of reliance on the information provided. Readers assume full responsibility for their investment decisions.