Patria Investments Ltd (PAX) - Net Assets
Based on the latest financial reports, Patria Investments Ltd (PAX) has net assets worth $639.00 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.49 Billion) and total liabilities ($850.60 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check PAX asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $639.00 Million |
| % of Total Assets | 42.9% |
| Annual Growth Rate | 35.14% |
| 5-Year Change | 13.24% |
| 10-Year Change | N/A |
| Growth Volatility | 299.96 |
Patria Investments Ltd - Net Assets Trend (2018–2025)
This chart illustrates how Patria Investments Ltd's net assets have evolved over time, based on quarterly financial data. Also explore PAX asset base for the complete picture of this company's asset base.
Annual Net Assets for Patria Investments Ltd (2018–2025)
The table below shows the annual net assets of Patria Investments Ltd from 2018 to 2025. For live valuation and market cap data, see PAX stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $639.00 Million | +30.16% |
| 2024-12-31 | $490.93 Million | -5.83% |
| 2023-12-31 | $521.34 Million | +1.54% |
| 2022-12-31 | $513.46 Million | -9.01% |
| 2021-12-31 | $564.28 Million | +855.23% |
| 2020-12-31 | $59.07 Million | -33.44% |
| 2019-12-31 | $88.75 Million | +14.33% |
| 2018-12-31 | $77.62 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Patria Investments Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Comprehensive Income | $28.80 Million | 4.66% |
| Other Components | $589.40 Million | 95.34% |
| Total Equity | $618.20 Million | 100.00% |
Patria Investments Ltd Competitors by Market Cap
The table below lists competitors of Patria Investments Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Infinova Ltd
SHE:002528
|
$843.69 Million |
|
Shinkong Synthetic Fiber Corp
TW:1409
|
$843.97 Million |
|
R&S GROUP HOLDING AG
SW:RSGN
|
$844.27 Million |
|
Inspur Software Co Ltd
SHG:600756
|
$844.68 Million |
|
ODP Corp
NASDAQ:ODP
|
$843.30 Million |
|
Huayi Compressor Co Ltd
SHE:000404
|
$843.29 Million |
|
AP (Thailand) Public Company Limited
BK:AP
|
$843.27 Million |
|
Dynamatic Technologies Limited
NSE:DYNAMATECH
|
$843.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Patria Investments Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 481,078,000 to 618,200,000, a change of 137,122,000 (28.5%).
- Net income of 85,600,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 74,976,000.
- Other factors decreased equity by 23,454,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $85.60 Million | +13.85% |
| Other Comprehensive Income | $74.98 Million | +12.13% |
| Other Changes | $-23.45 Million | -3.79% |
| Total Change | $- | 28.50% |
Book Value vs Market Value Analysis
This analysis compares Patria Investments Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.24x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 20.72x to 3.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $0.61 | $12.68 | x |
| 2019-12-31 | $0.61 | $12.68 | x |
| 2020-12-31 | $0.43 | $12.68 | x |
| 2021-12-31 | $4.15 | $12.68 | x |
| 2022-12-31 | $3.75 | $12.68 | x |
| 2023-12-31 | $3.65 | $12.68 | x |
| 2024-12-31 | $3.13 | $12.68 | x |
| 2025-12-31 | $3.91 | $12.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Patria Investments Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.85%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.30%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 2.41x
- Recent ROE (13.85%) is below the historical average (41.35%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 60.98% | 41.33% | 0.86x | 1.72x | $36.51 Million |
| 2019 | 72.13% | 47.41% | 1.08x | 1.42x | $50.42 Million |
| 2020 | 108.54% | 54.09% | 1.07x | 1.87x | $56.48 Million |
| 2021 | 21.70% | 52.00% | 0.31x | 1.35x | $66.05 Million |
| 2022 | 16.82% | 35.91% | 0.27x | 1.77x | $37.68 Million |
| 2023 | 21.83% | 36.14% | 0.32x | 1.86x | $64.15 Million |
| 2024 | 14.94% | 19.21% | 0.31x | 2.51x | $23.77 Million |
| 2025 | 13.85% | 22.30% | 0.26x | 2.41x | $23.78 Million |
Industry Comparison
This section compares Patria Investments Ltd's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $896,093,866
- Average return on equity (ROE) among peers: -12.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Patria Investments Ltd (PAX) | $639.00 Million | 60.98% | 1.33x | $843.51 Million |
| Acadian Asset Management Inc (AAMI) | $-21.60 Million | 0.00% | 0.00x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.79 Billion | 7.51% | 0.00x | $3.59 Billion |
| Associated Capital Group Inc (AC) | $878.25 Million | 1.16% | 0.08x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $304.00 Million | 32.66% | 0.17x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $1.40 Million | -229.54% | 1.40x | $194.14 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $83.45 Million | -7.38% | 0.39x | $359.65 Million |
| Affiliated Managers Group Inc (AMG) | $1.30 Billion | -0.10% | 1.49x | $8.37 Billion |
| Ameriprise Financial Inc (AMP) | $4.73 Billion | 54.05% | 36.05x | $41.87 Billion |
| AMTD IDEA Group (AMTD) | $632.43 Million | 16.58% | 4.38x | $42.91 Million |
| Artisan Partners Asset Management Inc (APAM) | $-736.58 Million | 0.00% | 0.00x | $2.60 Billion |
About Patria Investments Ltd
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, pac… Read more