Partners Group Holding AG (PGHN.SW) stock analysis

In our weekly check, Partners Group Holding AG is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 18 pass, warnings: 4, red flags: 3.

About Partners Group Holding AG

Partners Group Holding AG is a Financial Services company (Asset Management) based in Switzerland, listed on SIX as PGHN.SW.

What our checks show for PGHN.SW

Red flags

• The net margin fell by 11 points over 5 years, to 45%: the company keeps less of each sale as profit.
• Analysts expect revenue to shrink about 0.3% a year.
• The stock has fallen as much as 69% from a peak. Would you have held through that?

Warning signs

• Net debt is 1.3x a year of EBITDA (debt/equity 1.93). That limits room in a downturn and raises refinancing risk.
• The price swings a lot: 35.5% annual volatility. Expect large ups and downs.
• Recovering from its deepest fall took about 1.6 years.
• Thinly traded (about 118 thousand shares a day): buying and selling can move the price.

Strengths

• Operating profit covers interest 36.8 times over.
• The gross margin is 86.5% and has risen by 19.3 points: pricing power is holding.
• Analysts expect the net margin to improve by 3.9 points from today's 45%.
• The company keeps 45% of its revenue as net profit.
• Free cash flow is 52.1% of revenue: cash for dividends, buybacks or growth.
• The price is 13.7 times earnings (P/E), reasonable for its growth.

Similar companies

LGEN.L · BEN · CRBG · TPG · AMUN.PA

Questions

What grade does Partners Group Holding AG (PGHN.SW) have?

In our weekly check, Partners Group Holding AG is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 18 pass, warnings: 4, red flags: 3. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of PGHN.SW stock?

This week's biggest flags for Partners Group Holding AG: Margins falling, Weak revenue forecast, Deep past fall. In total 7 of 25 checks show a warning or a red flag.

What does Partners Group Holding AG do?

Partners Group Holding AG is a Financial Services company (Asset Management) based in Switzerland, listed on SIX as PGHN.SW.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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