Hamilton Lane Inc

Finance
Investment Managers
www.hamiltonlane.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap -
PE -
Debt $292.02M
Cash $327.31M
EV -
FCF $272.93M

Earnings

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Sales & Net Margins

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Earnings	$215.28M
EBIT	$371.24M
ROE	25%
ROA	23%
FCF	$272.93M
Equity	$862.03M
Growth Stability	100%
Debt/Equity	0.34
Debt/FCF	1.07
Net Margins	32%
Op. Margins	54%
Earnings CAGR	59%
Sales Growth YoY	34%
Sales Growth QoQ	12%
Sales CAGR	16%
FCF CAGR	11%
Equity CAGR	34%
Earnings Stability	0.64
Earnings Growth YoY	172%
Earnings Growth QoQ	-4%

Earnings CAGR 5Y	22%
Sales CAGR 5Y	21%
FCF CAGR 5Y	6%
Equity CAGR 5Y	32%
Earnings CAGR 3Y	19%
Sales CAGR 3Y	19%
FCF CAGR 3Y	-7%
Equity CAGR 3Y	24%
Revenue	$691.66M
Payout Ratio	34%
Assets	$1.59B
Total Debt	$292.02M
Cash	$327.31M
Earnings Score	91%
Moat Score	97%
Safety Score	96%
Final Score	94%
Equity Growth QoQ	7%
Equity Growth YoY	38%

Assets & ROA

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Stockholders Equity & ROE

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Hamilton Lane Inc is a private market investment solutions provider in the United States. It works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it helps them access a set of such investment opportunities around the world. The company offers a range of investment solutions across a range of private markets, including private equity, private credit, real estate, infrastructure, natural resources, growth equity and venture capital.

SEC Filings

Direct access to Hamilton Lane Inc (HLNE) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-K Mar 31
2023
- 10-Q Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-K Mar 31
2022
- 10-Q Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-K Mar 31

Sector Comparison

How does Hamilton Lane Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Hamilton Lane Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 59%

Stability 64%

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Hamilton Lane Inc Discounted Cash Flow

Fully customizable DCF calculator online for Hamilton Lane Inc.

Years

Calculation mode

= $6B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$273M	$304M	$339M	$377M	$421M	$469M	$522M	$582M	$648M	$722M	$805M	$8B
DCF		$276M	$280M	$284M	$287M	$291M	$295M	$298M	$302M	$306M	$310M	$3.1B
Value	$6B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	03/2016	03/2017	03/2018	03/2019	03/2020	03/2021	03/2022	03/2023	03/2024	TTM
Net Margins	-	0%	7%	13%	22%	27%	40%	21%	25%	32%
ROA	-	31%	48%	36%	30%	17%	24%	21%	22%	23%
ROE	-	1%	13%	20%	26%	30%	32%	19%	21%	25%

Good Net Margins (32.41%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	03/2016	03/2017	03/2018	03/2019	03/2020	03/2021	03/2022	03/2023	03/2024	TTM
Debt over FCF	-	1.07	0.89	0.67	0.66	0.96	1.06	0.96	1.79	1.07
Debt over Equity	-	0.99	0.62	0.42	0.32	0.52	0.37	0.37	0.29	0.34
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	100%

Good Debt/FCF ratio (1.07)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.34)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	03/2016	03/2017	03/2018	03/2019	03/2020	03/2021	03/2022	03/2023	03/2024	CAGR 5Y
Revenue YoY growth	-	-	36%	3%	9%	25%	8%	44%	5%	21%
Earnings YoY growth	-	-	3K%	94%	81%	54%	56%	-25%	29%	22%
Equity YoY growth	-	-	57%	25%	40%	32%	47%	24%	18%	32%
FCF YoY growth	-	-26%	17%	13%	8%	48%	-5%	38%	-51%	6%