HICL Infrastructure PLC

LSE:HICL Stock Report

Market Cap: UK£2.5b

HICL Infrastructure Valuation

Is HICL 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 HICL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HICL (£1.22) is trading below our estimate of fair value (£1.24)

Significantly Below Fair Value: HICL 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 HICL?

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

The above table shows the Price to Earnings ratio for HICL. This is calculated by dividing HICL's market cap by their current earnings.
What is HICL's PE Ratio?
PE Ratio80.4x
EarningsUK£30.50m
Market CapUK£2.45b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for HICL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9x
CLDN Caledonia Investments
9xn/aUK£1.8b
EMG Man Group
9.5x15.0%UK£2.4b
PHLL Petershill Partners
9.5x38.3%UK£2.6b
ABDN abrdn
7.8x-20.9%UK£2.5b
HICL HICL Infrastructure
80.4xn/aUK£2.5b

Price-To-Earnings vs Peers: HICL is expensive based on its Price-To-Earnings Ratio (80.4x) compared to the peer average (9x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PNIX Phoenix Digital Assets
1.1xn/aUS$32.25m
IX. i(x) Net Zero
0.1xn/aUS$8.94m
APQ APQ Global
0.4xn/aUS$5.78m
No more companies available in this PE range
HICL 80.4xIndustry Avg. 12.1xNo. of Companies16PE01020304050+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HICL is expensive based on its Price-To-Earnings Ratio (80.4x) compared to the UK Capital Markets industry average (12.2x).

Price to Earnings Ratio vs Fair Ratio

What is HICL'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.

HICL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio80.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HICL'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 HICL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£1.22
UK£1.57
+28.7%
5.1%UK£1.65UK£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
+19.1%
5.1%UK£1.65UK£1.46n/a3
Sep ’25UK£1.26
UK£1.55
+22.5%
5.2%UK£1.65UK£1.46n/a4
Aug ’25UK£1.29
UK£1.55
+19.9%
5.2%UK£1.65UK£1.46n/a4
Jul ’25UK£1.23
UK£1.52
+23.5%
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£1.22
UK£1.55
+27.2%
7.8%UK£1.75UK£1.40n/a5
Apr ’25UK£1.26
UK£1.55
+22.4%
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
+22.2%
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
+15.5%
8.1%UK£1.75UK£1.40n/a4
Nov ’24UK£1.20
UK£1.60
+33.9%
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£1.263
Aug ’24UK£1.32
UK£1.67
+27.0%
5.4%UK£1.80UK£1.60UK£1.293
Jul ’24UK£1.34
UK£1.67
+24.6%
5.4%UK£1.80UK£1.60UK£1.233
Jun ’24UK£1.44
UK£1.74
+21.1%
3.4%UK£1.80UK£1.67UK£1.244
May ’24UK£1.53
UK£1.77
+15.1%
5.2%UK£1.90UK£1.67UK£1.224
Apr ’24UK£1.55
UK£1.80
+16.4%
8.3%UK£2.05UK£1.67UK£1.264
Mar ’24UK£1.56
UK£1.80
+15.3%
8.3%UK£2.05UK£1.67UK£1.244
Feb ’24UK£1.67
UK£1.80
+7.8%
8.3%UK£2.05UK£1.67UK£1.274
Jan ’24UK£1.64
UK£1.80
+9.7%
8.3%UK£2.05UK£1.67UK£1.394
Dec ’23UK£1.65
UK£1.76
+6.2%
5.9%UK£1.90UK£1.67UK£1.363
Nov ’23UK£1.64
UK£1.69
+2.9%
0.7%UK£1.70UK£1.68UK£1.202

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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