(PAX) Patria Investments - Overview
Stock: Private Equity, Infrastructure, Real Estate, Credit Funds
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 4.60% |
| Yield on Cost 5y | 3.45% |
| Yield CAGR 5y | -4.09% |
| Payout Consistency | 90.6% |
| Payout Ratio | 77.9% |
| Risk 5d forecast | |
|---|---|
| Volatility | 29.2% |
| Relative Tail Risk | -2.21% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.78 |
| Alpha | 11.02 |
| Character TTM | |
|---|---|
| Beta | 0.977 |
| Beta Downside | 1.137 |
| Drawdowns 3y | |
|---|---|
| Max DD | 34.63% |
| CAGR/Max DD | 0.11 |
Description: PAX Patria Investments January 13, 2026
Patria Investments Ltd. (NASDAQ: PAX) is a Cayman-registered private-market investment firm that raises and deploys capital across private equity, secondary, venture, infrastructure, real-estate and credit strategies. The firm typically targets transaction sizes between $38.5 million and $72 million, taking either majority or minority positions in portfolio companies.
Its investment mandate is sector-agnostic but concentrates on agribusiness, power & energy, healthcare, logistics & transportation, food & beverage, education services, outsourced business services, and digital/tech services. Geographically, Patria emphasizes Latin America (especially Brazil), Europe, and North America, reflecting the higher growth rates and under-penetrated private-equity markets in those regions.
Patria also offers asset-management services to institutional investors, managing a suite of funds that include private-equity, infrastructure development, co-investment, constructivist equity, and real-estate/credit vehicles. The firm frequently co-invests alongside other limited partners to broaden deal flow and share risk.
Founded in 1994, Patria operates as a subsidiary of Patria Holdings Ltd. and maintains a global footprint with offices in the Cayman Islands, Brazil, the United States, Europe and Asia. Recent public filings indicate the firm manages roughly $3.5 billion of assets under management (AUM) and reported a net internal rate of return (IRR) of about 13% for its 2023 private-equity portfolio, a performance metric that outpaces the regional private-equity average of ~10%.
Given Patria’s focus on high-growth sectors in emerging markets, investors should monitor macro-drivers such as commodity price trends in agribusiness and renewable-energy policy shifts in Brazil, which can materially affect deal pipelines and exit multiples.
For a deeper dive into Patria’s valuation metrics and comparable peer analysis, a quick look at ValueRay’s data dashboard may uncover additional insights.
Piotroski VR‑10 (Strict, 0-10) 6.5
| Net Income: 107.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.19 > 0.02 and ΔFCF/TA 7.63 > 1.0 |
| NWC/Revenue: -33.56% < 20% (prev -13.32%; Δ -20.24% < -1%) |
| CFO/TA 0.20 > 3% & CFO 268.8m > Net Income 107.8m |
| Net Debt (116.0m) to EBITDA (179.1m): 0.65 < 3 |
| Current Ratio: 0.64 > 1.5 & < 3 |
| Outstanding Shares: last quarter (153.4m) vs 12m ago 0.44% < -2% |
| Gross Margin: 69.85% > 18% (prev 0.71%; Δ 6914 % > 0.5%) |
| Asset Turnover: 30.39% > 50% (prev 24.45%; Δ 5.95% > 0%) |
| Interest Coverage Ratio: 5.68 > 6 (EBITDA TTM 179.1m / Interest Expense TTM 25.2m) |
Altman Z'' 0.06
| A: -0.10 (Total Current Assets 245.3m - Total Current Liabilities 381.5m) / Total Assets 1.33b |
| B: 0.0 (Retained Earnings 0.0 / Total Assets 1.33b) |
| C: 0.11 (EBIT TTM 143.4m / Avg Total Assets 1.34b) |
| D: 0.01 (Book Value of Equity 8.10m / Total Liabilities 723.0m) |
| Altman-Z'' Score: 0.06 = B |
Beneish M -3.22
| DSRI: 0.55 (Receivables 89.2m/131.9m, Revenue 405.9m/328.9m) |
| GMI: 1.02 (GM 69.85% / 71.24%) |
| AQI: 1.20 (AQ_t 0.78 / AQ_t-1 0.65) |
| SGI: 1.23 (Revenue 405.9m / 328.9m) |
| TATA: -0.12 (NI 107.8m - CFO 268.8m) / TA 1.33b) |
| Beneish M-Score: -3.22 (Cap -4..+1) = AA |
What is the price of PAX shares?
Over the past week, the price has changed by -3.08%, over one month by -17.58%, over three months by -4.45% and over the past year by +25.64%.
Is PAX a buy, sell or hold?
- StrongBuy: 1
- Buy: 2
- Hold: 3
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the PAX price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 17.4 | 23.1% |
| Analysts Target Price | 17.4 | 23.1% |
| ValueRay Target Price | 15.4 | 8.8% |
PAX Fundamental Data Overview February 01, 2026
P/E Forward = 8.1367
P/S = 5.7415
P/B = 3.9894
Revenue TTM = 405.9m USD
EBIT TTM = 143.4m USD
EBITDA TTM = 179.1m USD
Long Term Debt = 104.9m USD (from longTermDebt, last quarter)
Short Term Debt = 70.3m USD (from shortTermDebt, last quarter)
Debt = 146.3m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 116.0m USD (from netDebt column, last quarter)
Enterprise Value = 2.42b USD (2.33b + Debt 146.3m - CCE 52.3m)
Interest Coverage Ratio = 5.68 (Ebit TTM 143.4m / Interest Expense TTM 25.2m)
EV/FCF = 9.80x (Enterprise Value 2.42b / FCF TTM 247.4m)
FCF Yield = 10.21% (FCF TTM 247.4m / Enterprise Value 2.42b)
FCF Margin = 60.95% (FCF TTM 247.4m / Revenue TTM 405.9m)
Net Margin = 26.56% (Net Income TTM 107.8m / Revenue TTM 405.9m)
Gross Margin = 69.85% ((Revenue TTM 405.9m - Cost of Revenue TTM 122.4m) / Revenue TTM)
Gross Margin QoQ = 57.57% (prev 82.32%)
Tobins Q-Ratio = 1.83 (Enterprise Value 2.42b / Total Assets 1.33b)
Interest Expense / Debt = 7.31% (Interest Expense 10.7m / Debt 146.3m)
Taxrate = 1.63% (400.0k / 24.6m)
NOPAT = 141.1m (EBIT 143.4m * (1 - 1.63%))
Current Ratio = 0.64 (Total Current Assets 245.3m / Total Current Liabilities 381.5m)
Debt / Equity = 0.25 (Debt 146.3m / totalStockholderEquity, last quarter 586.8m)
Debt / EBITDA = 0.65 (Net Debt 116.0m / EBITDA 179.1m)
Debt / FCF = 0.47 (Net Debt 116.0m / FCF TTM 247.4m)
Total Stockholder Equity = 547.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 8.07% (Net Income 107.8m / Total Assets 1.33b)
RoE = 19.71% (Net Income TTM 107.8m / Total Stockholder Equity 547.0m)
RoCE = 22.00% (EBIT 143.4m / Capital Employed (Equity 547.0m + L.T.Debt 104.9m))
RoIC = 19.31% (NOPAT 141.1m / Invested Capital 730.6m)
WACC = 9.38% (E(2.33b)/V(2.48b) * Re(9.52%) + D(146.3m)/V(2.48b) * Rd(7.31%) * (1-Tc(0.02)))
Discount Rate = 9.52% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 2.35%
[DCF Debug] Terminal Value 76.90% ; FCFF base≈207.8m ; Y1≈256.4m ; Y5≈436.6m
Fair Price DCF = 84.77 (EV 5.76b - Net Debt 116.0m = Equity 5.64b / Shares 66.5m; r=9.38% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: -9.41 | EPS CAGR: -47.51% | SUE: -4.0 | # QB: 0
Revenue Correlation: 64.37 | Revenue CAGR: 18.20% | SUE: 0.12 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.33 | Chg30d=+0.013 | Revisions Net=+2 | Analysts=3
EPS next Year (2026-12-31): EPS=1.50 | Chg30d=+0.028 | Revisions Net=+3 | Growth EPS=+23.1% | Growth Revenue=+20.4%