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Upturn AI Summary - About
Patria Investments Ltd(PAX)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for PAX
10/23/2026: PAX (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Patria Investments is a specialized alternative asset manager focused on providing institutional capital exposure to Latin American markets. The company operates a robust model built on recurring management fees and long-term private equity, infrastructure, and real estate strategies. Its main strength lies in deep regional expertise and a proven ability to source local deals that global giants may overlook. While the firm offers an attractive growth story through regional market expansion, investors must consider risks related to macroeconomic volatility and political uncertainty in Latin America. Patria may suit investors seeking long-term growth and dividend income, though those with lower risk tolerance should be cautious.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | Patria offers exposure to the growing demand for alternative assets in Latin America with a scalable fee-based business model. |
| Momentum investor | Mixed fit | Momentum is conditional on positive trends in emerging market investor sentiment and fund exit activity. |
| Value investor | Strong fit | The stock often trades at valuations that reflect regional risk, potentially offering value for long-term investors. |
| Dividend investor | Strong fit | Patria distributes a high portion of its recurring management fee earnings, providing a reliable income stream. |
| Low-risk investor | Weak fit | The company's exposure to Latin American political and economic volatility results in higher price and fundamental risk. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock is subject to regional market fluctuations and shifts in investor sentiment regarding emerging markets. |
| Valuation risk | Medium | Growth expectations are priced into the stock, making it sensitive to any slowdown in AUM expansion. |
| Competition risk (Global asset managers) | Medium / high | Intense competition from large global players could pressure fee structures and fundraising efficacy. |
| Business quality | Strong | Patria benefits from a recurring fee model and a high-quality, experienced management partnership. |
| Dividend income | Medium | Dividends depend on fee generation and successful fund exits, which can vary by economic cycle. |
| Execution risk | Medium | Successfully integrating acquisitions and scaling new products is critical for long-term AUM growth. |
Price Behavior
Downtrend
The stock has experienced a sustained decline in price over recent periods.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit -20.12% | Avg. Invested days 33 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/23/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.92B USD | Price to earnings Ratio 27.3 | 1Y Target Price 15 |
Price to earnings Ratio 27.3 | 1Y Target Price 15 | ||
Volume (30-day avg) 1.1M shares | Beta 0.78 | 52 Weeks Range 9.89 - 17.11 | Updated Date 10/25/2026 |
52 Weeks Range 9.89 - 17.11 | Updated Date 10/25/2026 | ||
Dividends yield (FY) 5.17% | Basic EPS (TTM) 0.43 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Management Fees | Recurring fees based on AUM across private equity, infrastructure, real estate, and credit. | This is the steady, predictable portion of their revenue. |
| Performance Fees | Incentive fees earned when funds exceed agreed-upon return thresholds. | This represents the 'bonus' income that is less predictable but highly profitable. |
| Geography (Latin America) | Investments primarily centered in Brazil, Chile, Colombia, and Mexico. | Investor success is tied to the macroeconomic health and political stability of these nations. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE 27.3 | Forward PE 8.14 | Enterprise Value 2.34B | Price to Sales(TTM) 4.5 |
Enterprise Value 2.34B | Price to Sales(TTM) 4.5 | ||
Enterprise Value to Revenue 5.9 | Enterprise Value to EBITDA 15.26 | Shares Outstanding 71.00M | Shares Floating 61.93M |
Shares Outstanding 71.00M | Shares Floating 61.93M | ||
Percent Insiders 5.59 | Percent Institutions 62.22 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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