TPG Inc. (TPG) · wyniki II kw. 2026 i wycena

Przy wzroście 10,0% rocznie (3-letni wzrost przychodów) wartość godziwa z modelu to $3.79 na akcję — kurs jest o 1171% powyżej niej. Obecna cena zakłada wzrost o 36,4% rocznie.

1. Prognoza ↑

   TPG raised its margin guidance for the year because it expected more robust capital markets.

   Cytat ze źródła

   “So I would say what would cause us to increase our margin guidance for the year is if we start to have visibility on more robust capital markets...”

2. Prognoza

   The company expects its tax rate to remain in the high single digits in the third quarter and then step up in the fourth quarter after fully utilizing specific tax benefits.

   Cytat ze źródła

   “We expect our tax rate to remain in the high single digits in the third quarter and then step up in the fourth quarter after we fully utilize...”

3. Liczba

   Fee-related revenue grew 27% year-over-year to $628 million, driven by a step-up in management fees and becoming the second highest quarter.

   Cytat ze źródła

   “Fee-related revenue grew 27% year-over-year to $628 million, driven by a step-up in management fees and our second highest quarter...”

4. Słabnie

   Tax rate expected to remain in high single digits in Q3, then step up in Q4 after full utilization.

   Cytat ze źródła

   “And last week, we closed the Jackson rated note feature in our middle-market direct lending business. We received $2 billion of initial commitments into our asset-based finance business, which we've started to deploy. Looking ahead, we're focused on continuing to expand our credit capabilities across the return spectrum to reserve our broader base of clients.”

Script and answers carried a similar tone, so the script's message held up under questioning.

Zdania, które wpłynęły na ton

“Across our capital, growth and impact platforms, LTM revenue and EBITDA grew in the mid- to high teens, continuing to outperform the broader market.”

“Its AI transformation is focused on automating bill intake and exception resolution as well as improving quality control through machine learning, resulting in greater growth and efficiency.”

“Our strong top line growth and increasing operating leverage drove a 43% year-over-year increase in fee-related earnings to $350 million $315 million in the second quarter, resulting in a 50%...”