DJ Hardman & Co Research on Pantheon International Plc (PIN): Exceptional companies, long-term outperformance
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.
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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 (GBP34m), distributions (GBP111.5m), calls (GBP77.5m), period-end cash (GBP52m) and commitments (GBP848m, including GBP303m 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.
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Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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End of Announcement - EQS News Service
1575967 07-March-2023
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(END) Dow Jones Newswires
March 07, 2023 02:15 ET (07:15 GMT)
