Patria Investments Ltd (PAX) - Net Assets
Based on the latest financial reports, Patria Investments Ltd (PAX) has net assets worth $621.70 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.73 Billion) and total liabilities ($1.11 Billion). 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. Also explore Patria Investments Ltd equity growth rate to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $621.70 Million |
| % of Total Assets | 35.87% |
| Annual Growth Rate | 34.97% |
| 5-Year Change | 12.25% |
| 10-Year Change | N/A |
| Growth Volatility | 300.01 |
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. Check PAX strategic asset allocation to assess the company's strategic physical and investment asset allocation.
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 market cap and overall valuation, see Patria Investments Ltd (PAX) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $633.42 Million | +29.02% |
| 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 |
|---|---|---|
| Common Stock | $16.00K | 0.00% |
| Other Comprehensive Income | $22.33 Million | 3.65% |
| Other Components | $589.40 Million | 96.35% |
| Total Equity | $611.75 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 |
|---|---|
|
Surge Energy Inc.
TO:SGY
|
$745.81 Million |
|
Solarvest Holdings Bhd
KLSE:0215
|
$746.31 Million |
|
Sichuan Huiyu Pharmaceutical Co Ltd
SHG:688553
|
$746.31 Million |
|
Suntront Tech
SHE:300259
|
$746.34 Million |
|
Tempo Scan Pacific Tbk
JK:TSPC
|
$745.21 Million |
|
Max Estates Limited
NSE:MAXESTATES
|
$745.15 Million |
|
B Communications Ltd
TA:BCOM
|
$745.08 Million |
|
Aucma Co Ltd
SHG:600336
|
$745.02 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 611,750,000, a change of 130,672,000 (27.2%).
- Net income of 85,600,000 contributed positively to equity growth.
- Dividend payments of 95,142,000 reduced retained earnings.
- Share repurchases of 56,231,000 reduced equity.
- Other comprehensive income increased equity by 68,506,000.
- Other factors increased equity by 127,939,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $85.60 Million | +13.99% |
| Dividends Paid | $95.14 Million | -15.55% |
| Share Repurchases | $56.23 Million | -9.19% |
| Other Comprehensive Income | $68.51 Million | +11.2% |
| Other Changes | $127.94 Million | +20.91% |
| Total Change | $- | 27.16% |
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: 2.89x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 18.30x to 2.89x 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 | $11.20 | x |
| 2019-12-31 | $0.61 | $11.20 | x |
| 2020-12-31 | $0.43 | $11.20 | x |
| 2021-12-31 | $4.15 | $11.20 | x |
| 2022-12-31 | $3.75 | $11.20 | x |
| 2023-12-31 | $3.65 | $11.20 | x |
| 2024-12-31 | $3.13 | $11.20 | x |
| 2025-12-31 | $3.87 | $11.20 | 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): 13.99%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.30%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 2.44x
- Recent ROE (13.99%) is below the historical average (41.37%), 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 | 13.99% | 22.30% | 0.26x | 2.44x | $24.43 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: $1,583,488,158
- Average return on equity (ROE) among peers: -47.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Patria Investments Ltd (PAX) | $621.70 Million | 60.98% | 1.79x | $745.73 Million |
| Acadian Asset Management Inc (AAMI) | $170.50 Million | 74.13% | 6.59x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.60 Billion | 15.33% | 0.00x | $3.36 Billion |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $112.30 Million | -188.33% | 0.07x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $2.99 Million | -170.94% | 0.46x | $194.14 Million |
| Alpha Compute Corp (ALP) | $481.93K | -226.09% | 0.20x | $4.53 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $782.49 Million | -21.16% | 0.62x | $440.60 Million |
| Affiliated Managers Group Inc (AMG) | $4.96 Billion | 13.56% | 0.83x | $9.37 Billion |
| Ameriprise Financial Inc (AMP) | $6.45 Billion | 10.45% | 10.54x | $40.38 Billion |
| AMTD IDEA Group (AMTD) | $1.25 Billion | 11.71% | 0.08x | $31.78 Million |
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