Patria Investments Ltd
PAX · Price history
Price at last available close
$9.35
−$0.71 (-7.06%) 1M
2026-10-28
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Company & revenue
About Patria Investments Ltd
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Patria Investments Limited operates as a private market investment firm. It specializes in investments in private equity, secondary direct and indirect and venture capital with focus in middle market, buyout and growth capital investments. It seeks to be sector agnostic with focus on agribusiness, power & energy, healthcare, logistics & transportations, food & beverage, agricultural products, packaged foods and meats, education services, outsourced business services, and digital & tech services.
How they make money
Patria Investments operates as a global alternative asset management firm that generates revenue primarily through management fees charged on assets under management and performance fees earned when investment returns exceed specific benchmarks. The company manages capital across various asset classes, including private equity, infrastructure, real estate, and credit, primarily serving institutional and high-net-worth investors.
Products & services
Alternative asset management services including private equity, infrastructure, real estate, credit, public equities, and global private market solutions (GPMS).
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
No supplier relationships were confirmed in the sources reviewed. This does not mean the company has no suppliers.
Strengths
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Total debt increased 100.6% versus the same quarter last year.
Compare the added borrowing with available cash, cash generation and maturities. A percentage increase from a small starting balance can look large without measuring the full debt burden.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
54
Fair
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
74
Strong
Financial Strength
56
Business Quality / Moat
76
Management
95
Growth Quality
66
Risk / Durability
92
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
65
Fully Valued
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
63/100
Building Historical Record
Model Score 63/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.
At today’s price, the WSS valuation framework currently reads as moderate rather than unusually attractive.
The model outlook is currently moderate.
- •Asset quality scores strongly
- •Insider activity signal is favorable
- •Recent buyback activity is present
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for PAX
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can PAX maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is PAX's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is PAX's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What does the current fundamental change risk warning mean for the reliability or interpretation of PAX's score?
Essential Investment Snapshot
Wall Street Score
54
Opportunity Score
65
Market Cap
$1.53B
P/E Ratio
26.0
EPS
$0.45
52-Week High
$17.80
52-Week Low
$9.89
Beta
0.78
Intrinsic Value
$16.47
Analyst Target
$14.00
Shares Outstanding
158.0M
Total Revenue
$430.4M
Total Debt
$374.6M
Dividend Yield (TTM)
6.68%
Liquidation Value / Share
$4.04
Dividend / Share (TTM)
$0.63
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
High movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for PAX
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Community Sentiment
0 active · 0 total callsNo personal call yet on PAX.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Extensive on-the-ground presence in Latin America.
- +Over 37 years of investment experience.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Asset Management industry.
- −Market volatility and economic conditions in operating regions.
- −Dependence on the ability to raise capital and manage assets effectively.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
55
Oct 1, 2026
Change
-1.5
points
Current Score
54
Oct 12, 2026
Category Changes
PAX decreased 1.5 points because Revenue declined by 2.2 points, Capital declined by 6 points, Valuation declined by 18.8 points.
Negative Contributors
- − Revenue declined by 2.2 points
- − Capital declined by 6 points
- − Valuation declined by 18.8 points
- − Buffett declined by 2.3 points
Projected Score
Projected Score
49
Projected Change
-4.2 points
Preliminary comparable-period financial changes suggest decline of approximately 4.2 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
UndervaluedCurrent Price
$9.35
Model Intrinsic Value
$16.47
Difference
−$7.12
-43.2% vs IV
Margin of Safety
43.2%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $430.4M | $383.8M | $374.2M | $327.6M | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $46.9M | $14.6M | $50.5M | $38.7M | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $383.4M | $369.2M | $323.7M | $288.9M | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $107.9M | $43.8M | $120.9M | $97.1M | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $257.0M | $237.9M | $157.8M | $125.0M | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $178.4M | $177.6M | $133.2M | $146.4M | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $126.4M | $131.3M | $165.9M | $163.9M | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $28.0M | $0.00 | $11.4M | $1.2M | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $88.7M | $92.2M | $86.0M | $118.0M | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $9.7M | $1.7M | $10.3M | -$2.8M | ···· | ···· | ···· | ···· | ···· |
| Net Income | $70.0M | $85.6M | $71.9M | $118.4M | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $0.45 | $0.54 | $0.47 | $0.80 | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 160M | 158M | 154M | 148M | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 160M | 158M | 154M | 149M | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$111.3M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.07
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+100.6%
Cash Change
+106.4%
Margin Change
-6.0 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Cash position grew
What Weakened
- Margins contracted
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, cash levels. Pressure indicators included EPS growth, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 34.9%. EPS declined 20.1%. Cash increased 106.4%. Total debt increased 100.6%. Net income margin declined by 6.0 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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News
Analysts Estimate Patria Investments (PAX) to Report a Decline in Earnings: What to Look Out for
Patria Investments Ltd (PAX) Stock Up 3.6% and Still Undervalued -- GF Score: 88/100
Buy 19 September LoPrice/HiYield Dividend Dogs Out Of 38
25 Dividend Buys You May Want To Hold Forever From September's Russell Index
Rumor Mill · PAX
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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