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 4,299 - -
Change - -0.68% 59.81% 41.21% -32.21% -1.58% - -
Enterprise Value (EV) 1 2,974 2,969 4,644 6,504 4,285 3,746 3,354 2,937
Change - -0.17% 56.42% 40.05% -34.12% -12.58% -10.46% -12.45%
P/E - - 30.6x 27.5x - 13.4x 13.3x -
PBR 8.14x 9.62x 11.6x 8.74x 3.69x 3.71x 2.8x 2.42x
PEG - - - 0.6x - - 14.23x -
Capitalization / Revenue 7.81x 5.4x 10.1x 9.04x 5.75x 4.3x 4.04x 3.55x
EV / Revenue 8.08x 5.62x 10.3x 9.12x 5.65x 3.74x 3.16x 2.43x
EV / EBITDA 16.2x 11.4x 17x 17.8x 10.5x 7.96x - -
EV / EBIT 17.5x 12.4x 18.9x 20.5x 13.2x 8.23x 7.2x 5.25x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1.4 1.6 1.78 1.96 2.16 2.41 2.639 2.884
Rate of return 1.81% 2.16% 1.58% 1.32% 2.17% 2.4% 2.63% 2.87%
EPS 2 - - 3.69 5.41 - 7.49 7.56 -
Distribution rate - - 48.2% 36.2% - 32.2% 34.9% -
Net sales 1 367.9 528.8 451.9 713 759 1,001 1,063 1,210
EBITDA 1 183.9 259.8 272.5 366.1 407.6 470.6 - -
EBIT 1 169.6 240 245.8 316.6 324.9 455.1 466 559.7
Net income 1 - 109.1 140.9 217.4 - 404.8 408.4 -
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 99.40 100.36 100.36 100.36
Nbr of stocks (in thousands) 37,194 38,593 40,463 43,337 43,939 42,832 - -
Announcement Date 5/26/22 A 5/25/23 A 5/23/24 A 5/29/25 A 5/21/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- 3.74x7.96x2.4% 4.3B
23.54x8.13x15.59x3.64% 113B
17.06x13.58x27.79x0.75% 93.2B
23.51x - - 3.94% 31.31B
11.83x4.9x9.67x5.06% 22.19B
17.68x1.81x6.91x3.93% 17.03B
11.72x4.51x12.43x2.94% 16.89B
15.21x9.6x - 9.61% 14.35B
34.38x19.61x26.94x - 12.19B
Average 19.37x 8.23x 15.33x 4.03% 36.09B
Weighted average by Cap. 19.95x 9.53x 18.85x 3.15%

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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