HLNE

Hamilton LaneNasdaqGS:HLNE Stock Report

Market Cap

US$4.9b

7D

0.9%

1Y

39.4%

Updated

19 Sep, 2021

Data

Company Financials +
HLNE fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance6/6
Financial Health5/6
Dividends3/6

HLNE Overview

Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments.

Hamilton Lane Competitors

Blackstone

NYSE:BX

US$152.9b

BlackRock

NYSE:BLK

US$133.4b

KKR

NYSE:KKR

US$56.8b

T. Rowe Price Group

NasdaqGS:TROW

US$48.5b

Price History & Performance

Summary of all time highs, changes and price drops for Hamilton Lane
Historical stock prices
Current Share PriceUS$88.26
52 Week HighUS$59.64
52 Week LowUS$97.48
Beta0.81
1 Month Change-0.50%
3 Month Change-2.57%
1 Year Change39.37%
3 Year Change86.01%
5 Year Changen/a
Change since IPO389.79%

Recent News & Updates

Aug 27
Hamilton Lane Incorporated's (NASDAQ:HLNE) CEO Looks Due For A Compensation Raise

Hamilton Lane Incorporated's (NASDAQ:HLNE) CEO Looks Due For A Compensation Raise

Shareholders will be pleased by the impressive results for Hamilton Lane Incorporated ( NASDAQ:HLNE ) recently and CEO...

Aug 04
Do Hamilton Lane's (NASDAQ:HLNE) Earnings Warrant Your Attention?

Do Hamilton Lane's (NASDAQ:HLNE) Earnings Warrant Your Attention?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Shareholder Returns

HLNEUS Capital MarketsUS Market
7D0.9%-0.9%-0.6%
1Y39.4%61.9%33.8%

Return vs Industry: HLNE underperformed the US Capital Markets industry which returned 61.9% over the past year.

Return vs Market: HLNE exceeded the US Market which returned 33.8% over the past year.

Price Volatility

Is HLNE's price volatile compared to industry and market?
HLNE volatility
HLNE Beta0.81
Industry Beta1.19
Market Beta1

Stable Share Price: HLNE is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: HLNE's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1991450Mario Gianninihttps://www.hamiltonlane.com

Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions. For direct investments, the firm invests in early, mid and late venture, mature companies, growth equity, emerging growth, distressed debt, later stage, turnarounds, bridge financing, mezzanine financing, and buyouts in middle market companies.

Hamilton Lane Fundamentals Summary

How do Hamilton Lane's earnings and revenue compare to its market cap?
HLNE fundamental statistics
Market CapUS$4.88b
Earnings (TTM)US$118.31m
Revenue (TTM)US$350.89m

41.2x

P/E Ratio

13.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HLNE income statement (TTM)
RevenueUS$350.89m
Cost of RevenueUS$132.70m
Gross ProfitUS$218.19m
ExpensesUS$99.88m
EarningsUS$118.31m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.42
Gross Margin62.18%
Net Profit Margin33.72%
Debt/Equity Ratio26.8%

How did HLNE perform over the long term?

See historical performance and comparison

Dividends

1.6%

Current Dividend Yield

38%

Payout Ratio

Valuation

Is Hamilton Lane undervalued compared to its fair value and its price relative to the market?

34.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HLNE ($88.26) is trading below our estimate of fair value ($134.45)

Significantly Below Fair Value: HLNE is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: HLNE is poor value based on its PE Ratio (41.2x) compared to the US Capital Markets industry average (15.2x).

PE vs Market: HLNE is poor value based on its PE Ratio (41.2x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: HLNE is poor value based on its PEG Ratio (3.1x)


Price to Book Ratio

PB vs Industry: HLNE is good value based on its PB Ratio (19.3x) compared to the US Capital Markets industry average (61x).


Future Growth

How is Hamilton Lane forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

13.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HLNE's forecast earnings growth (13.1% per year) is above the savings rate (2%).

Earnings vs Market: HLNE's earnings (13.1% per year) are forecast to grow slower than the US market (14.8% per year).

High Growth Earnings: HLNE's earnings are forecast to grow, but not significantly.

Revenue vs Market: HLNE's revenue (11.7% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: HLNE's revenue (11.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HLNE's Return on Equity is forecast to be high in 3 years time (37.6%)


Past Performance

How has Hamilton Lane performed over the past 5 years?

60.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HLNE has high quality earnings.

Growing Profit Margin: HLNE's current net profit margins (33.7%) are higher than last year (18.9%).


Past Earnings Growth Analysis

Earnings Trend: HLNE has become profitable over the past 5 years, growing earnings by 60.5% per year.

Accelerating Growth: HLNE's earnings growth over the past year (124.5%) exceeds its 5-year average (60.5% per year).

Earnings vs Industry: HLNE earnings growth over the past year (124.5%) exceeded the Capital Markets industry 77.4%.


Return on Equity

High ROE: HLNE's Return on Equity (33.9%) is considered high.


Financial Health

How is Hamilton Lane's financial position?


Financial Position Analysis

Short Term Liabilities: HLNE's short term assets ($113.6M) exceed its short term liabilities ($72.7M).

Long Term Liabilities: HLNE's short term assets ($113.6M) do not cover its long term liabilities ($451.2M).


Debt to Equity History and Analysis

Debt Level: HLNE's debt to equity ratio (26.8%) is considered satisfactory.

Reducing Debt: HLNE had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: HLNE's debt is well covered by operating cash flow (104.8%).

Interest Coverage: HLNE's interest payments on its debt are well covered by EBIT (147.1x coverage).


Balance Sheet


Dividend

What is Hamilton Lane current dividend yield, its reliability and sustainability?

1.59%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HLNE's dividend (1.59%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: HLNE's dividend (1.59%) is low compared to the top 25% of dividend payers in the US market (3.6%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, HLNE has been paying a dividend for less than 10 years.

Growing Dividend: HLNE's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (37.6%), HLNE's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: HLNE's dividends in 3 years are forecast to be covered by earnings (50.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.7yrs

Average management tenure


CEO

Mario Giannini (67 yo)

20.67yrs

Tenure

US$853,803

Compensation

Mr. Mario Lucio Giannini, J.D. has been the Chief Executive Officer of Hamilton Lane Advisors, L.L.C. since 2001. Mr. Giannini serves as the Chief Executive Officer of Private Equity Women Investor Network...


CEO Compensation Analysis

Compensation vs Market: Mario's total compensation ($USD853.80K) is below average for companies of similar size in the US market ($USD6.43M).

Compensation vs Earnings: Mario's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: HLNE's management team is considered experienced (2.7 years average tenure).


Board Members

Experienced Board: HLNE's board of directors are considered experienced (4.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: HLNE insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Hamilton Lane Incorporated's employee growth, exchange listings and data sources


Key Information

  • Name: Hamilton Lane Incorporated
  • Ticker: HLNE
  • Exchange: NasdaqGS
  • Founded: 1991
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: US$4.880b
  • Market Cap: US$3.282b
  • Shares outstanding: 55.27m
  • Website: https://www.hamiltonlane.com

Number of Employees


Location

  • Hamilton Lane Incorporated
  • 110 Washington Street
  • Suite 1300
  • Conshohocken
  • Pennsylvania
  • 19428
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/19 22:14
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.