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 3,450 - -
Change - -0.68% 59.81% 41.21% -32.21% -21% - -
Enterprise Value (EV) 1 2,974 2,969 4,644 6,504 4,285 2,964 2,653 3,450
Change - -0.17% 56.42% 40.05% -34.12% -30.83% -10.48% 30.04%
P/E - - 30.6x 27.5x - 12.1x 10.6x -
PBR 8.14x 9.62x 11.6x 8.74x 3.69x 2.93x 2.28x 2.95x
PEG - - - 0.6x - - 0.8x -
Capitalization / Revenue 7.81x 5.4x 10.1x 9.04x 5.75x 3.86x 3.27x 3.01x
EV / Revenue 8.08x 5.62x 10.3x 9.12x 5.65x 3.32x 2.52x 3.01x
EV / EBITDA 16.2x 11.4x 17x 17.8x 10.5x 6.93x - -
EV / EBIT 17.5x 12.4x 18.9x 20.5x 13.2x 7.59x 5.7x -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1.4 1.6 1.78 1.96 - 2.407 2.631 2.963
Rate of return 1.81% 2.16% 1.58% 1.32% - 3.05% 3.33% 3.75%
EPS 2 - - 3.69 5.41 - 6.55 7.42 -
Distribution rate - - 48.2% 36.2% - 36.7% 35.5% -
Net sales 1 367.9 528.8 451.9 713 759 893.6 1,054 1,144
EBITDA 1 183.9 259.8 272.5 366.1 407.6 427.4 - -
EBIT 1 169.6 240 245.8 316.6 324.9 390.3 465.7 -
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 -486.6 -797.1 -
Reference price 2 77.29 73.98 112.76 148.67 99.40 78.96 78.96 78.96
Nbr of stocks (in thousands) 37,194 38,593 40,463 43,337 43,939 43,697 - -
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.($)
- 3.32x6.93x3.05% 3.45B
19.91x6.96x13.57x4.34% 93.18B
25.31x10.44x16.04x0.84% 83.77B
19.74x - - 4.59% 26.61B
11.85x4.63x9.08x5.43% 20.05B
17.32x1.77x6.71x3.94% 17.41B
12.92x4.14x11.43x3.25% 15.5B
11.8x9.17x - 10.45% 13.2B
35.93x19.98x28.85x2.22% 11.9B
Average 19.35x 7.55x 13.23x 4.23% 31.68B
Weighted average by Cap. 20.68x 8.05x 14.07x 3.51%

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