Edison Investment Research - Princess Private Equity Holdings (PEYA) Princess Private Equity Holding - Offering an attractive dividend yield

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Edison Investment Research

Pedro Fonseca

Princess Private Equity Holding - Offering an attractive dividend yield

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.

05/12/2023 1 EN

Underlying

Princess Private Equity Holdings

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GG00B28C2R28 Frankfurt Stock Exchange Guernsey

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Pedro Fonseca

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Princess Private Equity Holding - Offering an attractive dividend yield

Edison issues report on Partners Group Private Equity (PEY/PEYS)

Partners Group Private Equity - Healthy realisations in H124

Private Equity: Stick or twist? Avoiding the ‘pig in the python'

Games Workshop Group - A notable acceleration in Q225

Altron - Further margin expansion in H125

Sayona Mining - Catching up with majors

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