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 4,661 - -
Change - -0.68% 59.81% 41.21% -32.21% 6.72% - -
Enterprise Value (EV) 1 2,974 2,969 4,644 6,504 4,285 4,108 3,716 3,299
Change - -0.17% 56.42% 40.05% -34.12% -4.13% -9.53% -11.23%
P/E - - 30.6x 27.5x - 13.5x 13.6x -
PBR 8.14x 9.62x 11.6x 8.74x 3.69x 3.81x 2.87x 2.48x
PEG - - - 0.6x - - -14.82x -
Capitalization / Revenue 7.81x 5.4x 10.1x 9.04x 5.75x 4.73x 4.43x 3.85x
EV / Revenue 8.08x 5.62x 10.3x 9.12x 5.65x 4.16x 3.53x 2.73x
EV / EBITDA 16.2x 11.4x 17x 17.8x 10.5x 8.73x - -
EV / EBIT 17.5x 12.4x 18.9x 20.5x 13.2x 9.08x 8.07x 5.89x
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% 2.34% 2.56% 2.8%
EPS 2 - - 3.69 5.41 - 7.63 7.56 -
Distribution rate - - 48.2% 36.2% - 31.6% 34.9% -
Net sales 1 367.9 528.8 451.9 713 759 986.4 1,052 1,210
EBITDA 1 183.9 259.8 272.5 366.1 407.6 470.6 - -
EBIT 1 169.6 240 245.8 316.6 324.9 452.7 460.7 559.7
Net income 1 - 109.1 140.9 217.4 - 412.2 408.4 -
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 99.40 102.99 102.99 102.99
Nbr of stocks (in thousands) 37,194 38,593 40,463 43,337 43,939 42,832 - -
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.($)
- 4.16x8.73x2.21% 4.66B
23.8x8.21x15.76x3.6% 115B
18.03x14.15x25.07x0.71% 98.49B
24.46x - - 3.78% 32.56B
11.72x4.83x9.5x5.2% 22.1B
17.29x1.83x7.01x3.86% 17.35B
14.94x4.6x12.68x2.9% 17.24B
15.29x9.62x - 9.57% 14.41B
33.87x19.92x27.28x - 12.36B
Average 19.92x 8.42x 15.15x 3.98% 37.08B
Weighted average by Cap. 20.52x 9.82x 18.14x 3.07%

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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