Hardman & Co Research on Pantheon Internati...

Hardman & Co Research
Hardman & Co Research on Pantheon International Plc (PIN): Exceptional companies, long-term outperformance

07-March-2023 / 07:15 GMT/BST
The issuer is solely responsible for the content of this announcement.


Hardman & Co Research on Pantheon International Plc:

Exceptional companies, long-term outperformance

 

The November 2022 factsheet gave some key information, including the NAV (469.5p), NAV return (4%), net cash generation (£34m), distributions (£111.5m), calls (£77.5m), period-end cash (£52m) and commitments (£848m, including £303m new commitments). The 1H results announcement showed that i) uplifts on exits were 33%, slightly above the FY’12-22 average, ii) exits were at an average 3.1x multiple to cost, iii) 54% of the portfolio is invested directly in companies, iv) average revenue and EBITDA growth of 23.0% and 10.6%, respectively, were well ahead of benchmarks, and v) the EV/EBITDA multiple was 17.3x. We note that the PEG is 1.6x, around a fifth of the benchmark.

 

Please click on the link below for the full report:

 

https://hardmanandco.com/research/corporate-research/exceptional-companies-long-term-outperformance/

If you are interested in meeting the company, you can register your interest by clicking on the above link

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Contact:

Mark Thomas



+44(0)203 693 7075

 

mt@hardmanandco.com

 

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About Hardman & Co: Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Attention is drawn to the important disclaimers at the end of the report.



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The issuer is solely responsible for the content of this announcement.


End of Announcement - EQS News Service

1575967 07-March-2023 

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