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 3,542 - -
Change - -0.68% 59.81% 41.21% -32.21% -18.9% - -
Enterprise Value (EV) 1 2,974 2,969 4,644 6,504 4,285 3,056 2,745 3,542
Change - -0.17% 56.42% 40.05% -34.12% -28.69% -10.16% 29.04%
P/E - - 30.6x 27.5x - 12.4x 10.9x -
PBR 8.14x 9.62x 11.6x 8.74x 3.69x 3.01x 2.34x 3.03x
PEG - - - 0.6x - - 0.8x -
Capitalization / Revenue 7.81x 5.4x 10.1x 9.04x 5.75x 3.92x 3.37x 3.16x
EV / Revenue 8.08x 5.62x 10.3x 9.12x 5.65x 3.38x 2.61x 3.16x
EV / EBITDA 16.2x 11.4x 17x 17.8x 10.5x 7.15x - -
EV / EBIT 17.5x 12.4x 18.9x 20.5x 13.2x 7.74x 5.92x -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1.4 1.6 1.78 1.96 2.16 2.407 2.631 2.963
Rate of return 1.81% 2.16% 1.58% 1.32% 2.17% 2.97% 3.25% 3.66%
EPS 2 - - 3.69 5.41 - 6.55 7.42 -
Distribution rate - - 48.2% 36.2% - 36.7% 35.5% -
Net sales 1 367.9 528.8 451.9 713 759 903.4 1,051 1,121
EBITDA 1 183.9 259.8 272.5 366.1 407.6 427.4 - -
EBIT 1 169.6 240 245.8 316.6 324.9 394.9 463.3 -
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 81.06 81.06 81.06
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- 3.4x7.15x2.97% 3.54B
20.68x7.18x13.92x4.18% 95.86B
26.52x10.83x16.32x0.81% 87.01B
20.24x - - 4.5% 27.16B
12.08x4.72x9.27x5.33% 20.44B
16.92x1.88x6.7x4.01% 17.06B
14.09x4.22x11.71x3.17% 15.89B
11.96x9.23x - 10.3% 13.38B
37x20.51x29.5x2.16% 12.31B
Average 19.94x 7.75x 13.51x 4.16% 32.52B
Weighted average by Cap. 21.49x 8.34x 14.41x 3.4%

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