Princess Private Equity Holding (LSE: PEY)

Last close As at 19/04/2024

EUR10.60

−0.03 (−0.28%)

Market capitalisation

EUR733m

Princess Private Equity Holding is an investment holding company domiciled in Guernsey that invests in private equity and has a minor private debt position. Its portfolio consists mostly of direct investments but may also include primary and secondary fund investments. It aims to provide shareholders with long-term capital growth and an attractive dividend yield.

Latest Insights

View More

Equity Analyst

Milosz Papst

Milosz Papst

Director, Financials

Key Management

  • Dr Cyrill Wipfli

    Investment manager representative

  • Sarah Page

    IRO

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (1.4) 1.9 14.7
Relative (3.0) (3.1) 14.9
52 week high/low €10.9/€9.2

Overview

Princess Private Equity Holding (PEY) posted a year-to-date NAV total return (TR) to end-October 2023 of 4.9%, 2.4% of which was from Q323. PEY’s performance continues to be assisted by portfolio earnings, with last-twelve-month (LTM) revenue and EBITDA growth to end-September 2023 of 16% and 15%, respectively, and sustained healthy average EBITDA margin of 24%. PEY’s balance sheet remains firm with c €134m in undrawn credit facility and €3m in cash, further assisted by the Civica sale proceeds upon deal closure. Consequently, PEY will pay out two interim dividends of €0.73 in total in 2023, implying a yield of 6.9% at the current share price.