(HLNE) Hamilton Lane - Overview
Sector: Financial Services | Industry: Asset Management | Exchange: NASDAQ (USA) | Market Cap: 4.831m USD | Total Return: -44.3% in 12m
Industry Rotation: -2.1
Avg Turnover: 78.2M
EPS Trend: 83.0%
Qual. Beats: -1
Rev. Trend: 93.5%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Hamilton Lane Incorporated (HLNE) is a global investment firm specializing in private markets across various stages, including venture capital, buyouts, and distressed debt. The firm manages diverse alternative investment strategies such as direct credit, funds-of-funds, and real assets, focusing on sectors ranging from disruptive technology to healthcare and industrials. Unlike traditional asset managers, Hamilton Lane operates in the private equity sector, which typically relies on long-term capital commitments and management fees based on committed or invested assets.
The firm targets small- to mid-sized enterprises globally, often seeking majority stakes with investment sizes ranging from $0.25 million to $100 million. Its business model benefits from the increasing institutional allocation to private markets, a sector that historically offers lower liquidity but higher potential returns compared to public equities. For a deeper look at its valuation metrics and peer comparisons, you may want to explore the data available on ValueRay.
Headquartered in Philadelphia and founded in 1991, Hamilton Lane maintains an extensive international footprint with offices across North America, Europe, Asia-Pacific, and the Middle East. This geographic diversity allows the firm to source deals in emerging markets like Southeast Asia and Latin America while maintaining a strong presence in established financial hubs.
- Management fee growth driven by increased assets under management in private markets
- Performance fee volatility tied to successful exits and investment realizations
- Expansion into retail and evergreen fund structures diversifies revenue base
- Global interest rate environment impacts private equity valuations and deal flow
- Rising operational expenses from international expansion and technology platform investments
| Net Income: 233.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.16 > 0.02 and ΔFCF/TA -0.76 > 1.0 |
| NWC/Revenue: 32.66% < 20% (prev 37.26%; Δ -4.60% < -1%) |
| CFO/TA 0.17 > 3% & CFO 363.5m > Net Income 233.5m |
| Net Debt (19.7m) to EBITDA (446.2m): 0.04 < 3 |
| Current Ratio: 1.78 > 1.5 & < 3 |
| Outstanding Shares: last quarter (54.5m) vs 12m ago 0.08% < -2% |
| Gross Margin: 69.23% > 18% (prev 0.73%; Δ 6.85k% > 0.5%) |
| Asset Turnover: 40.59% > 50% (prev 42.94%; Δ -2.36% > 0%) |
| Interest Coverage Ratio: 28.74 > 6 (EBITDA TTM 446.2m / Interest Expense TTM 15.2m) |
| A: 0.11 (Total Current Assets 567.6m - Total Current Liabilities 318.2m) / Total Assets 2.17b |
| B: 0.26 (Retained Earnings 571.0m / Total Assets 2.17b) |
| C: 0.23 (EBIT TTM 436.5m / Avg Total Assets 1.88b) |
| D: 0.68 (Book Value of Equity 572.2m / Total Liabilities 844.8m) |
| Altman-Z'' Score: 3.88 = AA |
| DSRI: 1.18 (Receivables 207.1m/157.0m, Revenue 763.4m/683.3m) |
| GMI: 1.06 (GM 69.23% / 73.20%) |
| AQI: 1.10 (AQ_t 0.69 / AQ_t-1 0.63) |
| SGI: 1.12 (Revenue 763.4m / 683.3m) |
| TATA: -0.06 (NI 233.5m - CFO 363.5m) / TA 2.17b) |
| Beneish M-Score: -2.74 (Cap -4..+1) = A |
Over the past week, the price has changed by +1.12%, over one month by -16.53%, over three months by -11.93% and over the past year by -44.28%.
- StrongBuy: 0
- Buy: 0
- Hold: 5
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 135.6 | 53% |
P/E Forward = 13.5685
P/S = 6.3286
P/B = 4.2622
P/EG = 1.39
Revenue TTM = 763.4m USD
EBIT TTM = 436.5m USD
EBITDA TTM = 446.2m USD
Long Term Debt = 279.5m USD (from longTermDebt, last quarter)
Short Term Debt = 21.7m USD (from shortTermDebt, last fiscal year)
Debt = 359.8m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 19.7m USD (from netDebt column, last quarter)
Enterprise Value = 4.85b USD (4.83b + Debt 359.8m - CCE 340.2m)
Interest Coverage Ratio = 28.74 (Ebit TTM 436.5m / Interest Expense TTM 15.2m)
EV/FCF = 13.63x (Enterprise Value 4.85b / FCF TTM 356.0m)
FCF Yield = 7.34% (FCF TTM 356.0m / Enterprise Value 4.85b)
FCF Margin = 46.63% (FCF TTM 356.0m / Revenue TTM 763.4m)
Net Margin = 30.59% (Net Income TTM 233.5m / Revenue TTM 763.4m)
Gross Margin = 69.23% ((Revenue TTM 763.4m - Cost of Revenue TTM 234.9m) / Revenue TTM)
Gross Margin QoQ = 69.34% (prev 70.80%)
Tobins Q-Ratio = 2.23 (Enterprise Value 4.85b / Total Assets 2.17b)
Interest Expense / Debt = 1.02% (Interest Expense 3.69m / Debt 359.8m)
Taxrate = 22.70% (27.3m / 120.0m)
NOPAT = 337.4m (EBIT 436.5m * (1 - 22.70%))
Current Ratio = 1.78 (Total Current Assets 567.6m / Total Current Liabilities 318.2m)
Debt / Equity = 0.41 (Debt 359.8m / totalStockholderEquity, last quarter 877.4m)
Debt / EBITDA = 0.04 (Net Debt 19.7m / EBITDA 446.2m)
Debt / FCF = 0.06 (Net Debt 19.7m / FCF TTM 356.0m)
Total Stockholder Equity = 794.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 12.41% (Net Income 233.5m / Total Assets 2.17b)
RoE = 29.38% (Net Income TTM 233.5m / Total Stockholder Equity 794.8m)
RoCE = 40.63% (EBIT 436.5m / Capital Employed (Equity 794.8m + L.T.Debt 279.5m))
RoIC = 31.22% (NOPAT 337.4m / Invested Capital 1.08b)
WACC = 9.99% (E(4.83b)/V(5.19b) * Re(10.68%) + D(359.8m)/V(5.19b) * Rd(1.02%) * (1-Tc(0.23)))
Discount Rate = 10.68% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 61.38 | Cagr: 0.46%
[DCF] Terminal Value 73.53% ; FCFF base≈322.7m ; Y1≈364.4m ; Y5≈492.7m
[DCF] Fair Price = 139.0 (EV 6.13b - Net Debt 19.7m = Equity 6.11b / Shares 43.9m; r=9.99% [WACC]; 5y FCF grow 14.98% → 3.0% )
EPS Correlation: 82.98 | EPS CAGR: 18.98% | SUE: -4.0 | # QB: -1
Revenue Correlation: 93.48 | Revenue CAGR: 14.60% | SUE: 0.20 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.32 | Chg30d=-5.57% | Revisions=-25% | Analysts=5
[Analyst] Revisions Ratio: -25%