Company Valuation: Hamilton Lane Incorporated

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 2,875 2,855 4,563 6,443 4,368 4,405 - -
Change - -0.68% 59.81% 41.21% -32.21% 0.85% - -
Enterprise Value (EV) 1 2,974 2,969 4,644 6,504 4,285 3,852 3,460 3,043
Change - -0.17% 56.42% 40.05% -34.12% -10.11% -10.17% -12.06%
P/E - - 30.6x 27.5x - 15.5x 13.7x -
PBR 8.14x 9.62x 11.6x 8.74x 3.69x 3.3x 2.84x 2.45x
PEG - - - 0.6x - - 1x -
Capitalization / Revenue 7.81x 5.4x 10.1x 9.04x 5.75x 4.87x 4.19x 3.82x
EV / Revenue 8.08x 5.62x 10.3x 9.12x 5.65x 4.26x 3.29x 2.64x
EV / EBITDA 16.2x 11.4x 17x 17.8x 10.5x 9.01x - -
EV / EBIT 17.5x 12.4x 18.9x 20.5x 13.2x 9.69x 7.48x 5.76x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1.4 1.6 1.78 1.96 2.16 2.41 2.639 3.066
Rate of return 1.81% 2.16% 1.58% 1.32% 2.17% 2.37% 2.6% 3.02%
EPS 2 - - 3.69 5.41 - 6.55 7.42 -
Distribution rate - - 48.2% 36.2% - 36.8% 35.6% -
Net sales 1 367.9 528.8 451.9 713 759 904.2 1,051 1,152
EBITDA 1 183.9 259.8 272.5 366.1 407.6 427.4 - -
EBIT 1 169.6 240 245.8 316.6 324.9 397.3 462.3 527.9
Net income 1 - 109.1 140.9 217.4 - 356.5 404 -
Net Debt 1 99.19 113.8 81.52 61.14 -82.54 -552.9 -944.5 -1,362
Reference price 2 77.29 73.98 112.76 148.67 99.40 101.61 101.61 101.61
Nbr of stocks (in thousands) 37,194 38,593 40,463 43,337 43,939 43,349 - -
Announcement Date 26/05/22 25/05/23 23/05/24 29/05/25 21/05/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- 4.26x9.01x2.37% 440.47Cr
22.8x7.89x15.14x3.76% 11TCr
21.25x14.03x24.85x0.72% 9.71TCr
24.41x - - 3.79% 3.22TCr
12.06x4.97x9.81x4.96% 2.24TCr
18.87x1.93x7.37x3.68% 1.82TCr
16.16x5.18x14.18x2.78% 1.82TCr
14.96x9.52x - 9.77% 1.41TCr
34.32x19.58x26.89x - 1.22TCr
Average 20.60x 8.42x 15.32x 3.98% 3.65TCr
Weighted average by Cap. 21.25x 9.65x 17.91x 3.1%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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