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Vinci Partners Investments
(NASDAQ:VINP)
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Rating:79Outperform
Price Target:
$12.50
â–²(32.42% Upside)
Action:Reiterated
Date:10/06/26
VINP’s score is driven primarily by strong financial performance (rapid revenue growth and healthy margins) and attractive valuation (low P/E and high dividend yield). The latest earnings call adds support via H2 improvement and margin-expansion guidance, partially offset by near-term earnings volatility and weaker advisory fees. Technicals show an uptrend, but an overbought RSI raises the risk of a near-term pullback.
Positive Factors
Strong AUM Growth
Rapid AUM growth expands the base generating recurring management fees and demonstrates continued client demand across Vinci’s platform. A larger asset base also improves operating leverage, supports fundraising credibility, and strengthens the company’s ability to compound fee revenue over the next several quarters.
Negative Factors
Uneven Operating Cash Conversion
Weak operating cash conversion means reported earnings have not consistently translated into cash generated by core operations. If this pattern persists, it could constrain internally funded growth, make distributions more dependent on timing, and increase sensitivity to working-capital or investment-related cash movements.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong AUM Growth
Rapid AUM growth expands the base generating recurring management fees and demonstrates continued client demand across Vinci’s platform. A larger asset base also improves operating leverage, supports fundraising credibility, and strengthens the company’s ability to compound fee revenue over the next several quarters.
Read all positive factors
Vinci Partners Investments (VINP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$737.06M
Dividend Yield5.84%
Average Volume (3M)82.84K
Price to Earnings (P/E)8.9
Beta (1Y)0.75
Revenue Growth37.63%
EPS Growth47.35%
CountryUS
Employees594
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)6.40
Shares Outstanding51,050,390
10 Day Avg. Volume130,732
30 Day Avg. Volume82,840
Financial Highlights & Ratios
PEG Ratio0.38
Price to Book (P/B)2.29
Price to Sales (P/S)4.73
P/FCF Ratio19.35
Enterprise Value/Market Cap0.90
Enterprise Value/Revenue0.41
Enterprise Value/Gross Profit0.48
Enterprise Value/Ebitda1.01
Forecast
1Y Price Target
$14.00Price Target Upside48.31% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)4.95
Revenue Forecast (FY)$1.14B
Vinci Partners Investments Business Overview & Revenue Model
Company Description
Vinci Compass Investments Ltd. functions as a Brazilian asset management company, structuring its operations across six distinct segments: Global Investment Products & Solutions (IP&S), Credit, Private Equity, Equities, Real Assets, and Corporate ...
How the Company Makes Money
Vinci Partners primarily makes money by earning recurring and performance-based fees tied to the investment products it manages. Its key revenue streams generally include: (1) Management fees: recurring fees calculated as a percentage of assets un...
Vinci Partners Investments Earnings Call Summary
Earnings Call Date:Aug 11, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 12, 2026
Earnings Call Sentiment Positive
The call emphasized strong top-line and platform momentum: notable FRE growth (+36% YoY), margin expansion (+450 bps YoY), AUM growth (+19% YoY), and strategic inorganic moves (BACS closed adding BRL 4B; Navi signed adding ~BRL 800M). Fundraising and credit franchise expansion were highlighted as durable growth drivers. Near-term headwinds center on distributable earnings volatility due to accelerated capital deployment (reducing realized financial income by ~63% YoY), a sharp decline in advisory fees (-65% YoY), and some net outflows/rebalancing in Third-Party Distribution that create lumpy fee recognition. On balance, the positives (scale, margin expansion, M&A, AUM growth and pipeline) outweigh the temporary and cyclical lowlights, with management signaling improving visibility in H2 and specific one-time benefits (Galeão indemnity) that should support distributable earnings.Positive Updates
Fee-Related Earnings (FRE) Growth and Margin Expansion
FRE of BRL 88.7–89.0 million (BRL 1.35 per share) in 2Q26, representing +36% year-over-year (31% per share). FRE margin expanded to ~33% (reported 32.5% in the press release / 33% on the call), an improvement of ~450 basis points year-over-year and 580 bps year-to-date, reflecting operating leverage and contributions from recent acquisitions.
Negative Updates
Decline in Realized Financial Income Due to Capital Calls
Realized financial income declined ~63% year-over-year in the quarter as the company accelerated capital calls into proprietary funds (called ~BRL 56 million this quarter), reducing short-term cash balances and near-term financial income and pressuring distributable earnings.
Read all updates
Q2-2026 Updates
Positive
Negative
Fee-Related Earnings (FRE) Growth and Margin Expansion
FRE of BRL 88.7–89.0 million (BRL 1.35 per share) in 2Q26, representing +36% year-over-year (31% per share). FRE margin expanded to ~33% (reported 32.5% in the press release / 33% on the call), an improvement of ~450 basis points year-over-year and 580 bps year-to-date, reflecting operating leverage and contributions from recent acquisitions.
Read all positive updates
Company Guidance
The company guided to a stronger second half of 2026 with FRE margins expected in the mid‑30s (anchored to a 38% FRE target by 2028); Q2 FRE was BRL 89M (BRL 1.35/share) with a 33% FRE margin (34% YTD), and adjusted distributable earnings were BRL 63.3M (BRL 0.96/share) in Q2 and BRL 126M (BRL 1.92/share) for H1. Management expects H2 revenue to be better than H1 (corporate advisory visibility in the low‑teens million and several mandates expected to close in the next six months) and called out specific H2 tailwinds: a BRL 90–100M net Galeão indemnity to be recognized, a full‑quarter contribution from BACS (added ~BRL 4bn AUM and ~BRL 4M revenue in June, ~+50bps mix tailwind), and the Q4 close of the Navi Real Estate deal (adds ~BRL 800M AUM, taking pro‑forma Real Estate AUM to ~BRL 7bn with ~BRL 750M in multi‑strategy). Key supporting metrics cited were total AUM BRL 361bn / $70bn (up 19% YoY, 4% QoQ / +5% QoQ in USD), Credit AUM >BRL 42bn (up 15% QoQ, 40% YoY), BRL 13bn of capital formation/appreciation this quarter (including ~BRL 1bn in subscriptions and BRL 17bn appreciation noted), ~BRL 56M of capital calls this quarter (bringing IRE called to ~BRL 960M, ~65% of BRL 1.5bn commitments), and ~BRL 890M of long‑term proprietary funds on the balance sheet—factors management says will support margin expansion and continued fundraising momentum.Vinci Partners Investments Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
72
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.65B | 958.20M | 665.10M | 564.78M | 502.27M | 493.44M |
| Gross Profit | 1.38B | 901.76M | 453.51M | 493.92M | 358.73M | 339.41M |
| EBITDA | 660.06M | 414.45M | 260.82M | 322.71M | 302.77M | 284.14M |
| Net Income | 423.38M | 213.31M | 118.20M | 220.61M | 219.42M | 208.62M |
Balance Sheet | ||||||
| Total Assets | 4.09B | 4.03B | 3.59B | 2.30B | 1.77B | 1.65B |
| Cash, Cash Equivalents and Short-Term Investments | 1.08B | 1.81B | 1.75B | 1.83B | 1.38B | 1.48B |
| Total Debt | 1.00B | 1.13B | 981.00M | 689.90M | 261.50M | 85.54M |
| Total Liabilities | 1.94B | 1.98B | 1.64B | 918.95M | 391.41M | 232.13M |
| Stockholders Equity | 2.05B | 1.98B | 1.94B | 1.38B | 1.37B | 1.41B |
Cash Flow | ||||||
| Free Cash Flow | 194.50M | 234.03M | 190.45M | 177.44M | 111.42M | 285.60M |
| Operating Cash Flow | 224.10M | 273.96M | 209.77M | 214.18M | 117.90M | 288.69M |
| Investing Cash Flow | 81.26M | 98.97M | -232.13M | 138.03M | 131.84M | -1.32B |
| Financing Cash Flow | -269.67M | -323.74M | -429.23M | 175.02M | -215.51M | 1.05B |
Vinci Partners Investments Technical Analysis
Positive
9.44
Price Trends
9.85
Positive
9.74
Positive
10.34
Positive
Market Momentum
0.44
Negative
69.22
Neutral
61.26
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VINP, the sentiment is Positive. The current price of 9.44 is below the 20-day moving average (MA) of 10.46, below the 50-day MA of 9.85, and below the 200-day MA of 10.34, indicating a bullish trend. The MACD of 0.44 indicates Negative momentum. The RSI at 69.22 is Neutral, neither overbought nor oversold. The STOCH value of 61.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for VINP.
Vinci Partners Investments Risk Analysis
Vinci Partners Investments disclosed 107 risk factors in its most recent earnings report. Vinci Partners Investments reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
Until the completion or termination of the Compass Transaction, we and Compass are prohibited from entering into certain transactions and taking certain actions that might otherwise be beneficial to us, Compass and/or our respective shareholders. Q4, 2023
2.
Failure to complete the Compass Transaction could negatively impact our stock price and our future business and financial results. Q4, 2023
3.
The market price for our Class A common shares following the completion of the Compass Transaction may be affected by factors different from, or in addition to, those that historically have affected or currently affect the market prices of our Class A common shares. Q4, 2023
Vinci Partners Investments Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $737.06M | 8.87 | 21.39% | 5.84% | 37.63% | 47.35% | |
77 Outperform | $2.55B | 15.94 | 252.74% | 3.86% | 7.62% | 34.86% | |
72 Outperform | $4.62B | 12.44 | 31.02% | 2.76% | 24.01% | 25.97% | |
69 Neutral | $1.97B | 26.43 | 12.08% | 5.25% | 8.83% | -19.42% | |
68 Neutral | $38.65B | 51.10 | 15.20% | 4.42% | 33.64% | 22.53% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
54 Neutral | $5.18B | -5.50 | 156.73% | 4.05% | 51.09% | -150.23% |
* Financial Sector Average
VINP
Vinci Partners Investments
11.46
0.94
8.96%
ARES
Ares Management
123.70
-18.83
-13.21%
HLNE
Hamilton Lane
85.31
-30.83
-26.54%
GCMG
GCM Grosvenor
12.62
1.43
12.82%
STEP
StepStone Group
43.47
-16.97
-28.08%
PAX
Patria Investments
11.90
-1.98
-14.30%
Vinci Partners Investments Corporate Events
Vinci Compass Details Earnings Engine and LatAm Scale in August 2026 Investor Presentation
Aug 20, 2026
On August 19, 2026, Vinci Compass Investments Ltd. filed a Form 6-K with the U.S. Securities and Exchange Commission, furnishing an August 2026 investor presentation that details the firm’s business model and regional footprint. The presenta...
Vinci Compass Posts Strong Q2 2026 Results and Moves to Acquire Navi Real Estate Platform
Aug 11, 2026
On August 11, 2026, Vinci Compass reported its second quarter 2026 earnings, highlighting fee related earnings of R$88.7 million, or R$1.35 per share, with a 32.5% margin and adjusted distributable earnings of R$63.3 million, or R$0.96 per share. ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.