HICL Infrastructure PLC

BATS-CHIXE:HICLL Stock Report

Market Cap: UK£2.4b

HICL Infrastructure Valuation

Is HICLL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HICLL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HICLL (£1.19) is trading below our estimate of fair value (£1.25)

Significantly Below Fair Value: HICLL is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HICLL?

Key metric: As HICLL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HICLL. This is calculated by dividing HICLL's market cap by their current earnings.
What is HICLL's PE Ratio?
PE Ratio23.2x
EarningsUK£103.10m
Market CapUK£2.39b

Price to Earnings Ratio vs Peers

How does HICLL's PE Ratio compare to its peers?

The above table shows the PE ratio for HICLL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.8x
CLDN Caledonia Investments
8.8xn/aUK£1.8b
RCP RIT Capital Partners
11.3xn/aUK£2.7b
EMG Man Group
9.5x15.0%UK£2.4b
OCI Oakley Capital Investments
9.7xn/aUK£858.3m
HICLL HICL Infrastructure
23.2xn/aUK£2.4b

Price-To-Earnings vs Peers: HICLL is expensive based on its Price-To-Earnings Ratio (23.2x) compared to the peer average (9.8x).

Price to Earnings Ratio vs Industry

How does HICLL's PE Ratio compare vs other companies in the GB Capital Markets Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PNIX Phoenix Digital Assets
1.2xn/aUS$34.88m
IX. i(x) Net Zero
0.1xn/aUS$8.94m
APQ APQ Global
0.4xn/aUS$5.78m
MAFL Mineral & Financial Investments
2xn/aUS$5.00m
No more companies available in this PE range
No. of Companies19PE01020304050+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HICLL is expensive based on its Price-To-Earnings Ratio (23.2x) compared to the UK Capital Markets industry average (12.4x).

Price to Earnings Ratio vs Fair Ratio

What is HICLL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HICLL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HICLL's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HICLL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£1.19
UK£1.55
+30.5%
4.2%UK£1.60UK£1.46n/a3
Nov ’25UK£1.22
UK£1.57
+28.5%
5.1%UK£1.65UK£1.46n/a3
Oct ’25UK£1.32
UK£1.57
+18.8%
5.1%UK£1.65UK£1.46n/a3
Sep ’25UK£1.27
UK£1.55
+21.6%
5.2%UK£1.65UK£1.46n/a4
Aug ’25UK£1.29
UK£1.55
+20.3%
5.2%UK£1.65UK£1.46n/a4
Jul ’25UK£1.23
UK£1.52
+23.2%
6.1%UK£1.65UK£1.40n/a5
Jun ’25UK£1.24
UK£1.53
+22.7%
5.9%UK£1.65UK£1.40n/a5
May ’25UK£1.21
UK£1.55
+27.6%
7.8%UK£1.75UK£1.40n/a5
Apr ’25UK£1.26
UK£1.55
+22.8%
7.8%UK£1.75UK£1.40n/a5
Mar ’25UK£1.24
UK£1.53
+23.9%
8.6%UK£1.75UK£1.40n/a4
Feb ’25UK£1.27
UK£1.55
+22.0%
7.8%UK£1.75UK£1.40n/a5
Jan ’25UK£1.39
UK£1.55
+11.6%
7.8%UK£1.75UK£1.40n/a5
Dec ’24UK£1.36
UK£1.57
+15.2%
8.1%UK£1.75UK£1.40n/a4
Nov ’24UK£1.21
UK£1.60
+33.0%
8.8%UK£1.80UK£1.40UK£1.224
Oct ’24UK£1.24
UK£1.67
+34.8%
5.4%UK£1.80UK£1.60UK£1.323
Sep ’24UK£1.30
UK£1.67
+28.6%
5.4%UK£1.80UK£1.60UK£1.273
Aug ’24UK£1.31
UK£1.67
+27.2%
5.4%UK£1.80UK£1.60UK£1.293
Jul ’24UK£1.36
UK£1.67
+23.3%
5.4%UK£1.80UK£1.60UK£1.233
Jun ’24UK£1.44
UK£1.74
+20.8%
3.4%UK£1.80UK£1.67UK£1.244
May ’24UK£1.54
UK£1.77
+14.7%
5.2%UK£1.90UK£1.67UK£1.214
Apr ’24UK£1.54
UK£1.80
+17.0%
8.3%UK£2.05UK£1.67UK£1.264
Mar ’24UK£1.55
UK£1.80
+16.5%
8.3%UK£2.05UK£1.67UK£1.244
Feb ’24UK£1.67
UK£1.80
+8.3%
8.3%UK£2.05UK£1.67UK£1.274
Jan ’24UK£1.63
UK£1.80
+10.5%
8.3%UK£2.05UK£1.67UK£1.394
Dec ’23UK£1.65
UK£1.76
+6.1%
5.9%UK£1.90UK£1.67UK£1.363
Nov ’23UK£1.64
UK£1.69
+2.6%
0.7%UK£1.70UK£1.68UK£1.212

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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