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Analyst Consensus | CVC

Consensus based on estimates of brokers who have provided forecasts to Visible Alpha. Columns as denoted represent the median, the average, highest and lowest analyst estimates for each line item, and as such, total values may not tie to the sum of components.

References to Revenue, EBITDA, Profit after tax, Management fees, Operating expenses, Management fee earnings and Performance fee earnings are equivalent to the pro forma and adjusted pro forma measures presented in the Group's 2024 Annual Report & Accounts.

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  1H25E 2025E 2026E 2027E
  Median Avg. Low High Median Avg. Low High Median Avg. Low High Median Avg. Low High
Closing FPAUM (€bn)
        146.9 146.9 144.9 148.2 152.1 152.5 147.5 158.1 164.8 168.4 142.3 187.0
                                 

Summary income statement (€m)
                               
Management fees 707 709 697 720 1,439 1,439 1,423 1,459 1,489 1,497 1,452 1,545 1,514 1,506 1,403 1,608
(+) Performance related earnings (PRE) 98 94 81 101 263 263 247 280 488 488 414 550 681 682 559 787
(+) Other operating income 2 2 1 2 3 3 2 4 3 3 2 5 3 4 2 5
Revenue 805 806 792 820 1,703 1,705 1,687 1,728 1,985

1,989

1,939 2,042 2,215 2,194 1,965 2,305
(-) Personnel expenses (224) (227) (220) (240) (447) (448) (444) (452) (488) (484) (470) (493) (519) (517) (494) (535)
(-) Other expenses (82) (82) (75) (90) (170) (169) (160) (178) (184) (183) (173) (190) (197) (195) (186) (200)
EBITDA 496 496 480 516 1,083 1,084 1,060 1,114 1,322 1,313 1,225 1,381 1,515 1,476 1,202 1,570
(-) D&A (18) (19) (15) (25) (39) (38) (35) (41) (39) (38) (35) (43) (39) (38) (35) (46)
(-) Net finance charges (20) (19) (25) (15) (39) (36) (40) (26) (39) (36) (40) (25) (39) (36) (40) (27)
(-) Tax (62) (63) (59) (70) (130) (131) (118) (139) (128) (131) (112) (149) (127) (126) (92) (158)
Profit after tax 393 396 382 417 875 880 858 909 1,111 1,108 1,038 1,178 1,314 1,276 1,034 1,362
Non-controlling interests (12) (12) (8) (16) (25) (27) (23) (33) (31) (31) (22) (39) (20) (22) (15) (31)
Profit after tax attrib. to shareholders 381 383 368 404 848 853 833 880 1,078 1,077 1,016 1,149 1,286 1,254 1,015 1,341

KPIs
                               
Management fee earnings (MFE, €m) 401 398 383 409 820 818 801 832 828 820 746 869 808 788 640 891
Management fees % Revenue 88% 88% 87% 90% 84% 84% 84% 85% 75% 75% 73% 79% 68% 69% 66% 71%
MFE margin 56% 56% 55% 59% 57% 57% 56% 59% 56% 55% 51% 57% 53% 52% 46% 56%
EBITDA margin 61% 61% 60% 62% 63% 64% 63% 65% 66% 66% 63% 68% 68% 67% 61% 69%


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Last updated 29 August 2025

Full list of analysts covering CVC Capital Partners plc

Institution

Analyst

ABN AMRO - ODDO BHF

Julian Dobrovolschi

Autonomous

Isobel Hettrick

Bank of America

Hubert Lam

Barclays

Michael Sanderson

BNP Paribas Exane

Arnaud Giblat

Citi

Nicholas Herman

Deutsche Bank

Sharath Kumar

Goldman Sachs

Oliver Carruthers

ING

Reg Watson

J.P. Morgan

Angeliki Bairaktari

Morgan Stanley

Bruce Hamilton

Redburn Atlantic

Charles Bendit

UBS

Haley Tam