PAX - Blackstone's Stake In Patria Investments May Be Worth More Soon
- Patria Investments is one of the largest private equity firms in Latin America in terms of capital raised.
- Most investors will most likely appreciate that Patria Investments reports a significant amount of cash. 30% of the total amount of assets is represented by cash in hand.
- At $20-$22 per share, the company’s market capitalization equals close to $2.6 billion. It means that Patria trades at 43x net income.
- Blackstone trades at 62x net income. At 62x net income, Patria would have a valuation of $3.7 billion, or $27 per share.
- If Patria delivers a good internal rate of return figures and the assets under management increases, Patria Investments will most likely see its share price creeping up.
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Blackstone's Stake In Patria Investments May Be Worth More Soon