Core Viewpoint - Patria Investments (PAX) has experienced a bearish trend recently, losing 8.1% over the past week, but the formation of a hammer chart pattern suggests a potential trend reversal as buying interest may be increasing [1][2]. Technical Analysis - The hammer chart pattern indicates a possible bottoming out, with selling pressure likely subsiding, which supports a bullish outlook for the stock [2][4]. - A hammer pattern forms when there is a small candle body with a long lower wick, signaling that bears may be losing control and bulls are starting to gain traction [3][4]. - This pattern can appear on various timeframes and is utilized by both short-term and long-term investors [4]. Fundamental Analysis - There has been a positive trend in earnings estimate revisions for PAX, with a 1.4% increase in the consensus EPS estimate over the last 30 days, indicating analysts expect better earnings than previously predicted [6][7]. - PAX holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, which typically outperform the market [8]. - The Zacks Rank serves as a timing indicator, suggesting that the company's prospects are improving, further supporting the case for a potential turnaround [8].

Group 1: KT Corporation (KT) - KT Corporation is one of the largest telecom companies in South Korea, with its stock rising over +20% in the last year and nearing its 52-week high of $18 per share [2] - The stock trades at a forward earnings multiple of 6.5X, with EPS expected to dip to $0.73 in fiscal 2024 but projected to rebound over 270% to $2.71 in FY25 [2] - The company posted an EPS of $1.55 in FY23 and offers a 3.37% annual dividend yield, with Q4 results scheduled for February 27 [3] Group 2: Patria Investments Limited (PAX) - Patria Investments Limited operates as a private markets investment firm with a focus on Latin America, offering a 5.01% annual dividend [5] - The stock is trading around $11, near its 52-week lows, with a forward earnings multiple of 8.4X, and is expected to see EPS growth of 14% this year and 3% in FY26 to $1.47 per share [6] - Patria recently exceeded Q4 EPS expectations by 57%, reporting earnings of $0.58 per share against estimates of $0.37, and has increased its dividend seven times in the last five years with a 48% payout ratio [7][8] Group 3: Nu Skin Enterprises (NUS) - Nu Skin Enterprises distributes a wide range of premium cosmetics and wellness products, operating in over 50 markets worldwide [9] - The stock trades under $10 with a forward earnings multiple of 7.2X and is forecasted for 25% EPS growth in FY25, having exceeded Q4 earnings expectations by 73% [9] - The company offers a 3.14% annual dividend, distinguishing itself in the consumer staples sector where many peers do not provide dividends [9]

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying strong candidates involves significant risk and volatility [1] Group 1: Company Overview - Patria Investments (PAX) is highlighted as a promising growth stock, supported by a favorable Growth Score and a top Zacks Rank [2] - The company has a historical EPS growth rate of 8.3%, with projected EPS growth of 14.1% this year, surpassing the industry average of 10.1% [5] Group 2: Financial Metrics - Cash flow growth for Patria Investments stands at 27.7% year-over-year, significantly higher than the industry average of 8.9% [6] - The annualized cash flow growth rate over the past 3-5 years is 33%, compared to the industry average of 6.3% [7] Group 3: Earnings Estimates - There has been a positive trend in earnings estimate revisions for Patria Investments, with the Zacks Consensus Estimate for the current year increasing by 1.4% over the past month [9] - The combination of a Growth Score of B and a Zacks Rank 1 positions Patria Investments favorably for potential outperformance [11]

Core Viewpoint - The comparison between Patria Investments (PAX) and Carlyle Group (CG) indicates that PAX is currently more attractive to value investors due to its stronger earnings outlook and favorable valuation metrics [1][3][7]. Valuation Metrics - PAX has a forward P/E ratio of 8.46, while CG has a forward P/E of 11.36, suggesting PAX is undervalued compared to CG [5]. - The PEG ratio for PAX is 0.66, indicating a better growth valuation compared to CG's PEG ratio of 1.13 [5]. - PAX's P/B ratio stands at 1.48, significantly lower than CG's P/B ratio of 2.81, further supporting PAX's valuation attractiveness [6]. Earnings Outlook - PAX has experienced stronger estimate revision activity, which is a positive indicator for its earnings outlook compared to CG [3][7].

Core Viewpoint - The article emphasizes the importance of value investing and highlights Patria Investments Limited (PAX) as a strong value stock based on various valuation metrics [2][8]. Valuation Metrics - PAX has a P/E ratio of 8.63, significantly lower than the industry average of 17.04, indicating potential undervaluation [4]. - The P/B ratio for PAX is 1.52, compared to the industry's average P/B of 3.88, suggesting a solid valuation relative to its book value [5]. - PAX's P/S ratio stands at 1.91, while the industry average is 3.29, reinforcing the notion of undervaluation based on revenue [6]. - The P/CF ratio for PAX is 17.50, which is attractive compared to the industry's average P/CF of 34.87, indicating a favorable cash flow outlook [7]. Investment Outlook - Given the strong earnings outlook and favorable valuation metrics, PAX is positioned as a compelling value stock at the moment [8].

Company Overview - Patria Investments Limited is a global alternative asset manager and an industry leader in Latin America, with total assets under management of $41.9 billion [2] - The company has been established for over 35 years and operates in 13 cities across 4 continents [2] - Patria offers a diversified platform with investment strategies that include Private Equity, Infrastructure, Credit, Real Estate, Public Equities, and Global Private Markets Solutions [2] Dividend Announcement - Patria has amended the record date for its recently declared quarterly cash dividend from February 28, 2025, to February 25, 2025 [1] - The payment date for the quarterly dividend remains unchanged at March 17, 2025 [1]

Conference Call February 12, 2025 PATRIA INVESTMENTS (NASDAQ: PAX) 4Q24 Earnings Presentation Disclaimer PAX 4Q24 Earnings Presentation PAX 4Q24 Earnings Presentation Patria Reports Fourth Quarter & Full Year 2024 Results About Patria Dividends Shareholder Relations Contacts PAX 4Q24 Earnings Presentation Patria's Fourth Quarter & Full Year 2024 IFRS Results IFRS Net Income attributable to Patria was $56.8 million for 4Q24 and $73.4 million for the full year 2024 | (US$ in millions) | 4Q23 | 4Q24 | FY 2023 ...

Financial Data and Key Metrics Changes - Patria achieved full year 2024 fee related earnings (FRE) of $170 million, up 15% from 2023, with FRE per share reaching $1.12, up 13% [10][41] - For Q4 2024, FRE was $55 million, up 35% from the prior quarter and 18% year-over-year, with FRE per share of $0.36, also up 35% from Q3 and 13% year-over-year [10][41] - Total fee revenue for Q4 reached $93.2 million, up 41% year-over-year, while full year revenue was $300.8 million, up 25% [37][41] Business Line Data and Key Metrics Changes - Performance related earnings (PRE) for the year exceeded expectations, driven by the sale of the Aguas Pacifico project, contributing approximately $60 million in performance fees [11][60] - The net accrued performance fee balance declined 30% to $319 million, primarily due to significant realizations in Infrastructure III and lower marks on publicly traded holdings [13][41] - The earning assets under management (AUM) rose 38% year-over-year to $33 billion, although it declined 3% sequentially due to dollar appreciation [15][33] Market Data and Key Metrics Changes - Fundraising for 2024 totaled $5.5 billion, exceeding the target of $5 billion, with significant contributions from credit and GPMS platforms [20][21] - Approximately 70% of fundraising in 2024 came from local investors, indicating a shift in investment behavior towards local products [22][24] - The company noted that Brazil represents less than a third of its investment exposure, down from over 90% at the time of its IPO [23] Company Strategy and Development Direction - Patria is focused on diversifying its product offerings and enhancing distribution capabilities, with a target of $6 billion in fundraising for 2025 [21][32] - The company aims to develop local investment strategies tailored to regional markets, particularly in Chile, Colombia, and Brazil [96][100] - The strategy includes creating local currency-denominated funds to cater to local pension funds and investors [102][106] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the 2025 FRE target of $200 million to $225 million, with a margin between 58% to 60% [42][51] - The company is well-positioned to navigate macroeconomic challenges, with a focus on resilient sectors such as agribusiness and infrastructure [14][24] - Management highlighted the potential growth in pension fund contributions across Latin America, which could significantly increase the capital available for investment [94][95] Other Important Information - The effective tax rate for 2024 was 6.5%, with expectations to trend towards 10% by 2027 [44] - The company announced a fourth quarter dividend of $0.15 per share and plans to repurchase shares in 2025 [47][49] - Stock-based compensation for 2024 totaled $20 million, with expectations for it to rise to $28 million to $30 million in 2025 [50] Q&A Session Summary Question: Clarification on PRE and future exit strategies for Infra Fund III - Management confirmed that the sale of Aguas Pacifico was completed, generating approximately $60 million in performance fees, with additional exits from Infrastructure Fund III being pursued [60][62] Question: Trends in redemptions for public equities and credit strategies - Management noted that redemptions were minimal and expected to remain low, with positive net new money flows anticipated for credit strategies [66][68] Question: Breakdown of the $6 billion fundraising target for 2025 - Management indicated that while they have a well-organized plan, they prefer to maintain flexibility regarding the specific breakdown of the fundraising target [76][78] Question: Impact of Chile's pension reform on investment strategies - Management highlighted that pension reforms across Latin America are expected to increase contributions significantly, benefiting private equity and infrastructure investments [94][96] Question: Expectations for real estate inflows in 2025 - Management acknowledged that high interest rates in Brazil may negatively impact brick-and-mortar strategies, while security strategies are expected to perform well [110][112]

Patria Investments Limited (NASDAQ:PAX) Q4 2024 Earnings Conference Call February 12, 2025 9:00 AM ET Company Participants Rob Lee - Head, Shareholder Relations Alex Saigh - Chief Executive Officer Ana Russo - Chief Financial Officer Conference Call Participants Beatriz de Abreu - Goldman Sachs William Barranjard - Itau BBA Ricardo Buchpiguel - BTG Pactual Operator Good day, and thank you for standing by. Welcome to the Patria Fourth Quarter and Full Year 2024 Earnings Conference Call. At this time, all par ...

Core Insights - Patria reported strong financial results for Q4 and full year 2024, highlighting a transformational year with significant fundraising and growth in assets under management [2][3] - The company raised $5.5 billion in 2024, surpassing its target of $5 billion, with a diverse range of strategies contributing to this success [2] - Fee Earning AUM reached $33 billion, reflecting a year-over-year growth of 38%, while Fee Related Earnings (FRE) for the full year were $170 million, up 15% from 2023 [2][3] Financial Performance - In Q4 2024, Patria generated net income of $56.8 million, with total net income for the full year at $73.4 million [3] - FRE for Q4 2024 was $54.8 million, an 18% increase from $46.7 million in Q4 2023, resulting in an FRE margin of 59% [3] - Distributable Earnings for Q4 2024 were $89.1 million, or $0.58 per share, and for the full year, they totaled $189.2 million, or $1.24 per share [3] Dividends - Patria declared a quarterly dividend of $0.15 per share, payable on March 17, 2024, to record holders as of February 28, 2025 [4] Future Outlook - The company aims to raise $6 billion and achieve FRE of $200 to $225 million in 2025, indicating confidence in continued growth and diversification of its platform [2]