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 3,845 - -
Change - -0.68% 59.81% 41.21% -32.21% -11.97% - -
Enterprise Value (EV) 1 2,974 2,969 4,644 6,504 4,285 3,292 2,900 2,483
Change - -0.17% 56.42% 40.05% -34.12% -23.18% -11.9% -14.39%
P/E - - 30.6x 27.5x - 13.5x 12x -
PBR 8.14x 9.62x 11.6x 8.74x 3.69x 2.88x 2.47x 2.14x
PEG - - - 0.6x - - 0.9x -
Capitalization / Revenue 7.81x 5.4x 10.1x 9.04x 5.75x 4.25x 3.66x 3.34x
EV / Revenue 8.08x 5.62x 10.3x 9.12x 5.65x 3.64x 2.76x 2.15x
EV / EBITDA 16.2x 11.4x 17x 17.8x 10.5x 7.7x - -
EV / EBIT 17.5x 12.4x 18.9x 20.5x 13.2x 8.28x 6.27x 4.7x
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% 2.72% 2.98% 3.46%
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 88.69 88.69 88.69
Nbr of stocks (in thousands) 37,194 38,593 40,463 43,337 43,939 43,349 - -
Announcement Date 26/5/22 25/5/23 23/5/24 29/5/25 21/5/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- 3.64x7.7x2.72% 3.84B
21.5x7.48x14.34x3.99% 104B
27.17x11.97x16.61x0.79% 89.14B
21.1x - - 4.34% 28.1B
11.67x4.71x9.29x5.33% 20.43B
16.69x1.76x6.63x4.06% 16.83B
14.27x4.6x12.6x3.15% 16.09B
12.01x9.24x - 10.26% 13.43B
34.76x19.83x27.16x - 12.25B
Average 19.90x 7.90x 13.48x 4.33% 33.74B
Weighted average by Cap. 21.94x 8.79x 14.62x 3.37%

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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  4. Valuation Hamilton Lane Incorporated