HAMILTON LANE INC-CLASS A (HLNE) Stock Fundamental Analysis
NASDAQ:HLNE - Nasdaq - US4074971064 - Common Stock - Currency: USD
Taking everything into account, HLNE scores 6 out of 10 in our fundamental rating. HLNE was compared to 233 industry peers in the Capital Markets industry. HLNE has an excellent profitability rating, but there are some minor concerns on its financial health. HLNE is valued quite expensively, but it does show have an excellent growth rating. With these ratings, HLNE could be worth investigating further for growth investing!.
1. Profitability
1.1 Basic Checks
HLNE had positive earnings in the past year.
In the past year HLNE had a positive cash flow from operations.
In the past 5 years HLNE has always been profitable.
In the past 5 years HLNE always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 12.86%, HLNE belongs to the top of the industry, outperforming 93.56% of the companies in the same industry.
With an excellent Return On Equity value of 30.31%, HLNE belongs to the best of the industry, outperforming 94.42% of the companies in the same industry.
HLNE has a Return On Invested Capital of 20.84%. This is amongst the best in the industry. HLNE outperforms 97.85% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for HLNE is significantly above the industry average of 7.86%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.86% | ||
| ROE | 30.31% | ||
| ROIC | 20.84% |
ROA(3y)11.28%
ROA(5y)10.68%
ROE(3y)28.1%
ROE(5y)33.18%
ROIC(3y)22.58%
ROIC(5y)19.69%
1.3 Margins
The Profit Margin of HLNE (30.49%) is better than 76.39% of its industry peers.
In the last couple of years the Profit Margin of HLNE has grown nicely.
The Operating Margin of HLNE (44.40%) is better than 75.97% of its industry peers.
HLNE's Operating Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 44.4% | ||
| PM (TTM) | 30.49% | ||
| GM | N/A |
OM growth 3Y-1.19%
OM growth 5Y0.87%
PM growth 3Y-8.59%
PM growth 5Y6.57%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
Compared to 1 year ago, HLNE has more shares outstanding
HLNE has more shares outstanding than it did 5 years ago.
HLNE has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 6.28 indicates that HLNE is not in any danger for bankruptcy at the moment.
HLNE has a better Altman-Z score (6.28) than 86.70% of its industry peers.
HLNE has a debt to FCF ratio of 1.01. This is a very positive value and a sign of high solvency as it would only need 1.01 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.01, HLNE belongs to the top of the industry, outperforming 88.41% of the companies in the same industry.
HLNE has a Debt/Equity ratio of 0.40. This is a healthy value indicating a solid balance between debt and equity.
HLNE has a Debt to Equity ratio of 0.40. This is in the better half of the industry: HLNE outperforms 71.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | 1.01 | ||
| Altman-Z | 6.28 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 1.16 indicates that HLNE should not have too much problems paying its short term obligations.
HLNE has a Current ratio of 1.16. This is comparable to the rest of the industry: HLNE outperforms 51.93% of its industry peers.
A Quick Ratio of 1.16 indicates that HLNE should not have too much problems paying its short term obligations.
HLNE has a Quick ratio (1.16) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.16 | ||
| Quick Ratio | 1.16 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 28.57% over the past year.
Measured over the past years, HLNE shows a very strong growth in Earnings Per Share. The EPS has been growing by 20.18% on average per year.
The Revenue has grown by 28.73% in the past year. This is a very strong growth!
The Revenue has been growing by 21.08% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)28.57%
EPS 3Y4.79%
EPS 5Y20.18%
EPS Q2Q%-12.32%
Revenue 1Y (TTM)28.73%
Revenue growth 3Y24.67%
Revenue growth 5Y21.08%
Sales Q2Q%12.06%
3.2 Future
The Earnings Per Share is expected to grow by 9.54% on average over the next years. This is quite good.
The Revenue is expected to grow by 13.19% on average over the next years. This is quite good.
EPS Next Y-9.41%
EPS Next 2Y6.36%
EPS Next 3Y9.54%
EPS Next 5YN/A
Revenue Next Year2.26%
Revenue Next 2Y10.01%
Revenue Next 3Y13.19%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 30.15, which means the current valuation is very expensive for HLNE.
HLNE's Price/Earnings ratio is a bit more expensive when compared to the industry. HLNE is more expensive than 68.24% of the companies in the same industry.
HLNE is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
HLNE is valuated quite expensively with a Price/Forward Earnings ratio of 33.28.
Based on the Price/Forward Earnings ratio, HLNE is valued a bit more expensive than the industry average as 71.67% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.06, HLNE is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.15 | ||
| Fwd PE | 33.28 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HLNE is valued a bit cheaper than the industry average as 68.24% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of HLNE is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.19 | ||
| EV/EBITDA | 23.99 |
4.3 Compensation for Growth
The decent profitability rating of HLNE may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.49
EPS Next 2Y6.36%
EPS Next 3Y9.54%
5. Dividend
5.1 Amount
HLNE has a Yearly Dividend Yield of 1.41%.
HLNE's Dividend Yield is slightly below the industry average, which is at 7.77.
Compared to the average S&P500 Dividend Yield of 2.34, HLNE is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.41% |
5.2 History
On average, the dividend of HLNE grows each year by 19.56%, which is quite nice.
HLNE has been paying a dividend for over 5 years, so it has already some track record.
HLNE has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)19.56%
Div Incr Years7
Div Non Decr Years7
5.3 Sustainability
HLNE pays out 34.95% of its income as dividend. This is a sustainable payout ratio.
HLNE's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP34.95%
EPS Next 2Y6.36%
EPS Next 3Y9.54%
151.95
+6.23 (+4.28%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners109.79%
Inst Owner Change0%
Ins Owners4.67%
Ins Owner Change-3.15%
Market Cap8.14B
Analysts50
Price Target159.8 (5.17%)
Short Float %6.22%
Short Ratio3.36
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.41% |
Yearly Dividend1.38
Dividend Growth(5Y)19.56%
DP34.95%
Div Incr Years7
Div Non Decr Years7
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.33%
Min EPS beat(2)1.1%
Max EPS beat(2)11.55%
EPS beat(4)3
Avg EPS beat(4)11%
Min EPS beat(4)-3.63%
Max EPS beat(4)34.99%
EPS beat(8)5
Avg EPS beat(8)6.73%
EPS beat(12)8
Avg EPS beat(12)8.94%
EPS beat(16)12
Avg EPS beat(16)12.74%
Revenue beat(2)2
Avg Revenue beat(2)9.07%
Min Revenue beat(2)4.44%
Max Revenue beat(2)13.69%
Revenue beat(4)3
Avg Revenue beat(4)10.27%
Min Revenue beat(4)-3.38%
Max Revenue beat(4)26.31%
Revenue beat(8)5
Avg Revenue beat(8)8.43%
Revenue beat(12)7
Avg Revenue beat(12)11%
Revenue beat(16)8
Avg Revenue beat(16)7.79%
PT rev (1m)-0.74%
PT rev (3m)-6.75%
EPS NQ rev (1m)-1.82%
EPS NQ rev (3m)-17.91%
EPS NY rev (1m)-6.23%
EPS NY rev (3m)-13.56%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.71%
Revenue NY rev (1m)0.78%
Revenue NY rev (3m)-3.67%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.15 | ||
| Fwd PE | 33.28 | ||
| P/S | 11.41 | ||
| P/FCF | 28.19 | ||
| P/OCF | 27.05 | ||
| P/B | 11.34 | ||
| P/tB | 11.34 | ||
| EV/EBITDA | 23.99 |
EPS(TTM)5.04
EY3.32%
EPS(NY)4.57
Fwd EY3%
FCF(TTM)5.39
FCFY3.55%
OCF(TTM)5.62
OCFY3.7%
SpS13.31
BVpS13.39
TBVpS13.39
PEG (NY)N/A
PEG (5Y)1.49
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.86% | ||
| ROE | 30.31% | ||
| ROCE | 24.91% | ||
| ROIC | 20.84% | ||
| ROICexc | 26.65% | ||
| ROICexgc | 27.46% | ||
| OM | 44.4% | ||
| PM (TTM) | 30.49% | ||
| GM | N/A | ||
| FCFM | 40.49% |
ROA(3y)11.28%
ROA(5y)10.68%
ROE(3y)28.1%
ROE(5y)33.18%
ROIC(3y)22.58%
ROIC(5y)19.69%
ROICexc(3y)26.87%
ROICexc(5y)22.9%
ROICexgc(3y)28.19%
ROICexgc(5y)23.88%
ROCE(3y)26.99%
ROCE(5y)23.55%
ROICexcg growth 3Y19.01%
ROICexcg growth 5Y-5.25%
ROICexc growth 3Y19.07%
ROICexc growth 5Y-4.68%
OM growth 3Y-1.19%
OM growth 5Y0.87%
PM growth 3Y-8.59%
PM growth 5Y6.57%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | 1.01 | ||
| Debt/EBITDA | 0.89 | ||
| Cap/Depr | 130.92% | ||
| Cap/Sales | 1.71% | ||
| Interest Coverage | 30.44 | ||
| Cash Conversion | 92.32% | ||
| Profit Quality | 132.77% | ||
| Current Ratio | 1.16 | ||
| Quick Ratio | 1.16 | ||
| Altman-Z | 6.28 |
F-Score7
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)109.9%
Cap/Depr(5y)192.46%
Cap/Sales(3y)1.53%
Cap/Sales(5y)2.53%
Profit Quality(3y)135.75%
Profit Quality(5y)139.47%
High Growth Momentum
Growth
EPS 1Y (TTM)28.57%
EPS 3Y4.79%
EPS 5Y20.18%
EPS Q2Q%-12.32%
EPS Next Y-9.41%
EPS Next 2Y6.36%
EPS Next 3Y9.54%
EPS Next 5YN/A
Revenue 1Y (TTM)28.73%
Revenue growth 3Y24.67%
Revenue growth 5Y21.08%
Sales Q2Q%12.06%
Revenue Next Year2.26%
Revenue Next 2Y10.01%
Revenue Next 3Y13.19%
Revenue Next 5YN/A
EBIT growth 1Y28.8%
EBIT growth 3Y23.2%
EBIT growth 5Y22.13%
EBIT Next Year8.19%
EBIT Next 3Y16.93%
EBIT Next 5YN/A
FCF growth 1Y162.95%
FCF growth 3Y21.48%
FCF growth 5Y21.24%
OCF growth 1Y148.92%
OCF growth 3Y21.07%
OCF growth 5Y20.91%