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 3,639 - -
Change - -0.68% 59.81% 41.21% -32.21% -16.68% - -
Enterprise Value (EV) 1 2,974 2,969 4,644 6,504 4,285 3,086 2,695 2,277
Change - -0.17% 56.42% 40.05% -34.12% -27.98% -12.69% -15.49%
P/E - - 30.6x 27.5x - 11.1x - -
PBR 8.14x 9.62x 11.6x 8.74x 3.69x 3.14x 2.37x 2.04x
PEG - - - 0.6x - - - -
Capitalization / Revenue 7.81x 5.4x 10.1x 9.04x 5.75x 3.69x 3.46x 3.01x
EV / Revenue 8.08x 5.62x 10.3x 9.12x 5.65x 3.13x 2.56x 1.88x
EV / EBITDA 16.2x 11.4x 17x 17.8x 10.5x 6.56x - -
EV / EBIT 17.5x 12.4x 18.9x 20.5x 13.2x 6.82x 5.85x 4.07x
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% 2.84% 3.11% 3.39%
EPS 2 - - 3.69 5.41 - 7.63 - -
Distribution rate - - 48.2% 36.2% - 31.6% - -
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 - -
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 84.96 84.96 84.96
Nbr of stocks (in thousands) 37,194 38,593 40,463 43,337 43,939 42,832 - -
Announcement Date 5/26/22 5/25/23 5/23/24 5/29/25 5/21/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- 3.18x6.67x2.8% 3.69B
19.69x6.89x13.14x4.35% 94.73B
25.92x - - 0.81% 86.77B
20.84x5.93x16.48x4.46% 27.75B
11.33x4.64x9.08x5.45% 20.96B
16.63x1.88x6.76x4% 16.78B
13.13x - - 3.51% 14.26B
14.62x9.42x - 10% 13.79B
31.13x18.22x25.45x - 11.29B
Average 19.16x 7.17x 12.93x 4.42% 32.22B
Weighted average by Cap. 20.78x 6.84x 13.23x 3.54%

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