Apax Global Alpha Ltd (CHIX:APAXl)
£ 1.432 (0%) Market Cap: 668.73 Mil Enterprise Value: 631.01 Mil PE Ratio: 97.86 PB Ratio: 0.66 GF Score: 32/100
Back to the Transcripts List

Full Year 2024 Apax Global Alpha Ltd Earnings Call Transcript

Mar 4, 2025 / 09:30 AM GMT
Release Date Price: £1.43

Key Points

Positve
  • Apax Global Alpha Ltd (LSE:APAX) returned EUR69 million to investors via dividends and buybacks, equating to a dividend yield of 7.8%.
  • The Apax XI Fund, to which AGA has a $700 million commitment, has shown strong performance with a 1.3 times gross money multiple after only an eight-month holding period.
  • The company has actively reduced its exposure to listed Private Equity positions, decreasing from 25% to 2% of NAV.
  • Apax Global Alpha Ltd (LSE:APAX) has a robust balance sheet with calls in the next 12 months covered 2.4 times.
  • The core sectors of Tech, Services, and Internet/Consumer contributed positively to NAV growth, with promising returns expected from recent investments.
Negative
  • Total NAV return per share for the year was only 0.8%, which is considered disappointing.
  • Challenges in retail and healthcare investments, particularly the write-down of Vyaire, negatively impacted performance.
  • The company experienced a slowdown in Consumer-exposed businesses and those exposed to cyclical headwinds.
  • The performance since IPO has been below the long-term target, with underexposure to Private Equity assets initially.
  • The decision to value AssuredPartners at a potential IPO's value led to a sale at a 10% discount to the last unaffected valuation.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

APAX.L - Apax Global Alpha Ltd
Full Year 2024 Apax Global Alpha Ltd Earnings Call
Mar 04, 2025 / 09:30AM GMT

=====================
Conference Call Participants
=====================
* Ralf Gruss
Apax Partners LLP - Partner and Chief Operating Officer
* Salim Nathoo
Apax Partners LLP - Partner

=====================
Presentation
--------------------------------------------------------------------------------
Operator [1]
--------------------------------------------------------------------------------
Good morning, ladies and gentlemen, and welcome to Apax Global Alpha 2024 full year results. (Operator Instructions) I would like to remind all participants that this call is being recorded.

I will now hand over to Ralf Gruss to start the presentation.

--------------------------------------------------------------------------------
Ralf Gruss, Apax Partners LLP - Partner and Chief Operating Officer [2]
--------------------------------------------------------------------
Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2025 GuruFocus.com, LLC. All Rights Reserved.