Patria Investments Limited Class A Common Shares (PAX)

FairStock Score: 76/100 — HIGH CONVICTION

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Patria is a private-markets asset manager with a $2.0 billion market capitalization and 548 employees, investing across middle-market private equity, agribusiness, energy, health care, logistics, and related sectors. As a Buffett-style analyst, I look for durable earnings power and a margin of safety. Here the latest filed quarter—the first quarter of fiscal 2026—showed $97.1 million of revenue but only $2.2 million of net income, a 2.24% margin. That is thin for an asset manager, and the provided growth figures show revenue up 22.00% while profit fell 86.13%. FairStock calculations at the 2026-10-13 close of $11.64 show a P/E of 25.86, P/B of 3.33, ROE of 12.88%, ROCE of 5.63%, and debt-to-equity of 0.57. The Graham Number is $5.91, producing a margin of safety of -96.87%, so the price is far above that conservative value. The Piotroski F-Score of 3/9 and Altman Z-Score of 0.96 also suggest weak financial strength. On the positive side, trailing free cash flow is $182.8 million, an 8.9% FCF yield, and the dividend yield is 6.52%, with a beta of 0.76. The FairStock Score is 76/100. The business may have client relationships and specialized private-market expertise, but these figures alone do not prove a wide moat. I would treat the high dividend and cash generation as offsets, not a substitute for consistently profitable growth. The Lynch category is none because only 0 years of filed annual results are available, so the track record is too short for that label.

In plain English: Patria Investments is an asset manager that invests in private companies in areas like agriculture, energy, health care, and logistics. In the first quarter of fiscal 2026, it earned $97.1 million of revenue but only $2.2 million of net income, so profits look thin and have fallen sharply even as revenue grew. At $11.64, the stock looks expensive compared with its earnings and book value, though it pays a high dividend and generates solid free cash flow.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer