Hamilton Lane Incorporated Financial Ratios — HLNE Stock

Profitability (USD)

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
Return on Common Equity (%)	- -	- -	- -	- -	659.86	300.64	187.5	145.53	107.04	50.86	50.25	56.3	46.56
Return on Assets (%)	- -	- -	- -	0.28	6.49	10.26	14.58	12.18	12.01	8.96	11.68	14.68	12.47
Return on Capital (%)	- -	-104.91	-33.73	-48.17	-51.99	-20.05	-1.43	6.6	6.42	4.95	8.84	14.96	9.65
Return on Invested Capital (%)	- -	74.86	38.93	50.14	47.86	34.56	37.27	23.64	14.69	19.94	21.82	24.44	17.47
Gross Margin (%)	59.97	61.29	49.08	59.9	66.04	60.74	68.71	65.94	70.54	71.76	69.96	70.79	69.88
EBITDA Margin (%)	43.58	45.2	35.32	43.39	51.16	42.51	43.69	46.79	47.58	46.81	45.86	45.7	44.11
Operating Margin (%)	42.25	44	34.2	42.33	50.38	41.33	42.48	45.58	46.09	45.4	44.38	44.4	42.81
Incremental Operating Margin (%)	- -	59.59	-25.69	-1,461.72	72.94	-229.92	55.81	58.15	52.64	43.82	23.03	44.45	18.23
Pretax Margin (%)	47.87	46.33	31.37	41.57	57.22	51.38	51.36	56.55	85.26	45.88	50.86	50.81	60.99
Profit Margin (%)	44.69	- -	- -	0.34	7.11	13.31	22.2	28.69	39.68	20.64	25.43	30.49	32.83
Net Income to Common Margin (%)	44.69	- -	- -	0.34	7.11	13.31	22.2	28.69	39.68	20.64	25.43	30.49	32.83
Effective Tax Rate (%)	- -	0.67	1.53	0.42	23.87	23.59	9.92	12.64	21.18	22.85	19.33	13.39	16.25
Dvd Payout Ratio (%)	23.45	32.93	60.71	54.27	23.79	42.16	39.66	30.91	27.93	51.22	34.85	29.21	26.95
Sustainable Growth Rate (%)	- -	- -	- -	- -	502.86	173.88	113.14	100.55	77.14	24.81	32.74	39.86	34.01

Credit (USD)

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	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
Total Debt	- -	108	243	84	84	71	85	238	254	292	275	368	356
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	108	243	84	84	71	85	238	254	292	275	368	356
Total Debt/EBITDA	- -	1.53	3.81	1.08	0.67	0.66	0.71	1.49	1.45	1.18	1.08	1.13	1.06
Net Debt/EBITDA	- -	0.58	2.74	0.67	0.29	0.2	0.2	0.47	0.57	0.41	0.32	0.04	-0.26
Total Debt/EBIT	- -	1.58	3.94	1.11	0.68	0.68	0.73	1.53	1.5	1.22	1.12	1.16	1.1
Net Debt/EBIT	- -	0.59	2.83	0.68	0.3	0.21	0.21	0.49	0.58	0.42	0.33	0.04	-0.26
EBITDA to Interest Expense	7.16	11.94	5.05	5.36	20.85	35.28	42.51	63.87	37.74	28.72	22.73	24.44	22.39
EBITDA-CapEx/Interest Expense	6.99	11.28	4.98	5.27	20.47	33.51	40.33	56.02	35.91	28.17	21.74	23.53	22
EBIT to Interest Expense	6.95	11.62	4.89	5.23	20.53	34.3	41.35	62.22	36.56	27.86	22	23.74	21.73
Interest Expense	9	6	13	15	6	3	3	3	5	9	11	13	15
Common Equity/Total Assets	- -	- -	-62.29	0.27	1.56	4.92	9.96	7.7	14.3	21.38	24.92	26.95	26.67
Long-Term Debt/Equity (%)	- -	146.18	- -	97.33	61.85	41.81	35.68	40.4	34.38	50.92	40.71	39.87	24.31
Long-Term Debt/Capital (%)	- -	86.06	184.05	75.58	57.48	47.88	39.5	35.17	30.57	42.07	37.05	35.74	23.41
Long-Term Debt/Total Assets (%)	- -	53.46	123.74	35.04	28.65	19.68	17.89	20.98	19.58	25.63	21.65	21.79	15.47
Total Debt/Equity (%)	- -	146.18	-217.37	97.33	61.85	41.81	35.68	40.4	34.38	50.92	40.71	39.87	24.31
Total Debt/Capital (%)	- -	86.06	184.05	75.58	57.48	47.88	39.5	35.17	30.57	42.07	37.05	35.74	23.41
Total Debt/Total Assets (%)	- -	53.46	123.74	35.04	28.65	19.68	17.89	20.98	19.58	25.63	21.65	21.79	15.47
Net Debt to Equity	- -	55.14	-156.1	60.06	26.87	12.72	10.28	12.85	13.44	17.73	12.06	1.41	-5.83
Net Debt/Capital (%)	- -	69.95	274.66	65.63	37.01	21.85	14.85	12.84	13.09	17.45	12.98	1.73	-7.38
EBITDA	61	70	64	78	125	107	120	160	175	247	254	326	335
EBITDA-CapEx	59	66	63	77	123	102	114	140	167	243	243	314	329
Operating Income (Loss)	59	68	62	76	123	104	116	156	170	240	246	317	325

Liquidity (USD)

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	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
Cash Ratio	- -	7.39	6.84	2.23	0.92	0.52	0.44	0.39	0.32	0.53	0.46	0.95	1.05
Current Ratio	- -	9.82	8.64	3.6	1.35	0.83	0.81	1.8	1.85	0.87	1	1.68	1.62
Quick Ratio	- -	9.46	8.3	3.29	1.28	0.76	0.72	0.53	0.56	0.8	0.93	1.62	1.56
CFO/Avg Current Liab	- -	16.94	11.43	6.66	2.93	1.52	1.11	1.11	0.76	1.05	0.53	1.11	1.33
Common Equity/Total Assets	- -	- -	-62.29	0.27	1.56	4.92	9.96	7.7	14.3	21.38	24.92	26.95	26.67
Long-Term Debt/Equity (%)	- -	146.18	- -	97.33	61.85	41.81	35.68	40.4	34.38	50.92	40.71	39.87	24.31
Long-Term Debt/Capital (%)	- -	86.06	184.05	75.58	57.48	47.88	39.5	35.17	30.57	42.07	37.05	35.74	23.41
Long-Term Debt/Total Assets (%)	- -	53.46	123.74	35.04	28.65	19.68	17.89	20.98	19.58	25.63	21.65	21.79	15.47
Total Debt/Equity (%)	- -	146.18	-217.37	97.33	61.85	41.81	35.68	40.4	34.38	50.92	40.71	39.87	24.31
Total Debt/Capital (%)	- -	86.06	184.05	75.58	57.48	47.88	39.5	35.17	30.57	42.07	37.05	35.74	23.41
Total Debt/Total Assets (%)	- -	53.46	123.74	35.04	28.65	19.68	17.89	20.98	19.58	25.63	21.65	21.79	15.47
CFO/Total Liabilities	- -	60.17	35.38	53.04	61.31	58.48	49.28	34.44	30.41	40.01	20.3	39.25	50.68
CFO/CapEx	44.28	19.85	118.54	64.06	42.9	20.8	18.92	9.58	19.88	47.73	10.91	24.75	72.71
Altman's Z-Score	- -	2.37	1.55	3.28	4.92	4.93	5.42	4.27	4.13	4.35	5.74	6.2	4.24

Working Capital (USD)

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	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
Accounts Receivable Turnover	- -	19.58	13.06	15.02	18.05	14.31	10.81	11.47	9.08	10.68	7.13	4.92	4.56
Days Sales Outstanding	- -	18.64	27.96	24.3	20.22	25.51	33.77	31.83	40.21	34.17	51.22	74.16	80.13
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	72.17	79.78	71.86	54.06	45.84	37.39	56.2	43.36	40.43	36.72	41.75	41.09
Accounts Payable Turnover Days	- -	5.06	4.58	5.08	6.75	7.96	9.76	6.49	8.42	9.03	9.94	8.74	8.88
Cash Conversion Cycle	- -	13.58	23.38	19.22	13.47	17.54	24	25.34	31.8	25.15	41.28	65.41	71.24
Inventory to Cash Days	- -	18.64	27.96	24.3	20.22	25.51	33.77	31.83	40.21	34.17	51.22	74.16	80.13
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
Market Capitalization	- -	- -	- -	332	686	1,039	1,554	2,936	2,822	2,742	4,269	5,935	4,136
- Cash & Cash Equivalents	- -	67	69	32	48	49	50	87	72	112	115	277	364
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	17	11	27	58	59	83	352	391	159	151	207	551
+ Total Debt	- -	108	243	84	84	71	85	238	254	292	275	368	356
Enterprise Value	- -	58	186	411	780	1,120	1,671	3,439	3,394	3,081	4,580	6,233	4,679
Total Capital	- -	125	132	112	146	148	214	678	829	695	743	1,030	1,523
Total Debt/Capital (%)	- -	86.06	184.05	75.58	57.48	47.88	39.5	35.17	30.57	42.07	37.05	35.74	23.41
Total Debt / EV	- -	1.85	1.31	0.21	0.11	0.06	0.05	0.07	0.07	0.09	0.06	0.06	0.08
EV/Sales	- -	0.37	1.03	2.28	3.2	4.44	6.1	10.07	9.22	5.83	8.27	8.74	6.17
EV/EBITDA	- -	0.83	2.91	5.26	6.25	10.45	13.96	21.51	19.39	12.45	18.03	19.13	13.98
EV/EBIT	- -	0.85	3.01	5.4	6.34	10.74	14.35	22.08	20.02	12.84	18.63	19.69	14.4
EV/Cash Flow to Firm	- -	0.7	1.53	4.27	7.7	9.83	14.05	18.07	19.6	13.21	35.27	19.95	10.7
EV/Free Cash Flow to Firm	- -	0.67	1.52	4.21	7.53	9.39	13.36	16.38	18.68	12.95	32.5	19.21	10.56
Diluted Market Cap	- -	- -	- -	342	707	1,059	1,573	2,955	4,148	3,973	6,078	5,993	5,414
Diluted Enterprise Value	- -	58	186	421	801	1,140	1,690	3,458	4,720	4,312	6,389	6,290	5,958
EV per Share	- -	3.4	10.9	23.09	42.35	46.98	59.48	103.74	92.96	83.14	120.98	156.13	112.47
TTM Sales	140	155	181	180	244	252	274	342	368	529	554	713	759
TTM EBITDA	61	70	64	78	125	107	120	160	175	247	254	326	335
TTM Operating Income	59	68	62	76	123	104	116	156	170	240	246	317	325
TTM Cash Flow to Firm	75	83	122	96	101	114	119	190	173	233	130	312	437
TTM Free Cash Flow to Firm	77	87	123	97	104	119	125	210	182	238	141	325	443

Multiples (USD)

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	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
Price/Free Cash Flow	- -	- -	- -	4.13	7.15	9.05	12.84	14.22	23.3	17.17	46.07	19.15	12.57
EV/EBIT	- -	0.85	3.01	5.4	6.34	10.74	14.35	22.08	20.02	12.84	18.63	19.69	14.4
Enterprise Value	- -	58	186	411	780	1,120	1,671	3,439	3,394	3,081	4,580	6,233	4,679
Low Price	- -	- -	- -	17.74	17.32	31.81	36.27	48.1	70.46	55.81	62.86	108.34	92.77
EV/Sales	- -	0.37	1.03	2.28	3.2	4.44	6.1	10.07	9.22	5.83	8.27	8.74	6.17
EV/EBITDA	- -	0.83	2.91	5.26	6.25	10.45	13.96	21.51	19.39	12.45	18.03	19.13	13.98
Price/Earnings	- -	- -	- -	542.66	39.54	30.94	25.54	29.95	19.33	25.13	30.31	27.3	16.6
Price/Earnings Average	- -	- -	- -	545.72	29.27	30.31	26.45	24.34	22.91	23.77	24.73	27.2	22.98
Price/Earnings High	- -	- -	- -	571.44	42.93	38.76	34.18	32.97	29.01	27.59	32.76	37.41	29.92
Price/Earnings Low	- -	- -	- -	515.63	18.39	22.58	16.75	16.27	17.62	18.95	16.89	19.89	15.49
Price/Book Value	- -	- -	- -	503.96	149.14	58.57	32.96	33.53	15.24	11.24	13.48	13.03	6.73
Price/Book Value Average	- -	- -	- -	506.8	110.4	57.37	34.13	27.25	18.06	10.63	11	12.98	9.31
Price/Book Value High	- -	- -	- -	530.68	161.95	73.36	44.1	36.91	22.87	12.34	14.57	17.85	12.13
Price/Book Value Low	- -	- -	- -	478.86	69.38	42.75	21.61	18.21	13.89	8.48	7.51	9.49	6.28
Price/Tangible Book Value	- -	- -	- -	3.83	5.04	6.12	6.54	4.97	3.83	4.91	6.45	6.42	2.82
Price/Tangible Book Value Average	- -	- -	- -	3.86	3.73	6	6.78	4.04	4.53	4.65	5.26	6.4	3.9
Price/Tangible Book Value High	- -	- -	- -	4.04	5.47	7.67	8.76	5.48	5.74	5.39	6.97	8.8	5.08
Price/Tangible Book Value Low	- -	- -	- -	3.64	2.34	4.47	4.29	2.7	3.49	3.7	3.6	4.68	2.63
Price/Sales	- -	- -	- -	1.85	2.81	4.12	5.67	8.59	7.67	5.19	7.71	8.32	5.45
Price/Sales Average	- -	- -	- -	1.86	2.08	4.04	5.87	6.98	9.09	4.91	6.29	8.29	7.54
Price/Sales High	- -	- -	- -	1.94	3.05	5.16	7.59	9.46	11.51	5.69	8.33	11.41	9.82
Price/Sales Low	- -	- -	- -	1.75	1.31	3.01	3.72	4.67	6.99	3.91	4.3	6.07	5.09
Price/Cash Flow	- -	- -	- -	4.07	7.09	9.31	13.35	15.6	16.65	12.1	35.32	19.73	9.73
Price/Cash Flow Average	- -	- -	- -	4.09	5.25	9.12	13.83	12.68	19.73	11.45	28.83	19.66	13.47
Price/Cash Flow High	- -	- -	- -	4.28	7.7	11.66	17.86	17.18	24.98	13.29	38.19	27.04	17.55
Price/Cash Flow Low	- -	- -	- -	3.86	3.3	6.79	8.75	8.47	15.18	9.13	19.69	14.38	9.08
Price/Free Cash Flow Average	- -	- -	- -	4.15	5.29	8.87	13.29	11.56	27.61	16.24	37.6	19.08	17.4
Price/Free Cash Flow High	- -	- -	- -	4.35	7.76	11.34	17.18	15.65	34.97	18.86	49.81	26.24	22.66
Price/Free Cash Flow Low	- -	- -	- -	3.92	3.32	6.61	8.42	7.72	21.24	12.95	25.68	13.95	11.73
EV/Sales Average	- -	0.37	1.03	2.29	2.47	4.36	6.3	8.46	10.64	5.55	6.85	8.71	8.26
EV/Sales High	- -	0.37	1.03	2.38	3.44	5.48	8.01	10.93	13.07	6.34	8.89	11.82	10.54
EV/Sales Low	- -	0.37	1.03	2.19	1.69	3.33	4.15	6.14	8.55	4.55	4.86	6.48	5.8
EV/EBITDA Average	- -	0.83	2.91	5.29	4.82	10.25	14.42	18.07	22.37	11.85	14.94	19.06	18.72
EV/EBITDA High	- -	0.83	2.91	5.49	6.72	12.89	18.34	23.36	27.46	13.54	19.39	25.87	23.89
EV/EBITDA Low	- -	0.83	2.91	5.05	3.31	7.83	9.49	13.12	17.96	9.73	10.59	14.19	13.15
EV/EBIT Average	- -	0.85	3.01	5.42	4.89	10.54	14.82	18.55	23.1	12.22	15.44	19.62	19.29
EV/EBIT High	- -	0.85	3.01	5.63	6.82	13.26	18.86	23.98	28.35	13.95	20.04	26.63	24.62
EV/EBIT Low	- -	0.85	3.01	5.18	3.36	8.05	9.76	13.47	18.55	10.03	10.95	14.6	13.55
Last Price	- -	- -	- -	18.67	37.23	43.58	55.31	88.56	77.29	73.98	112.76	148.67	99.4
High Price	- -	- -	- -	19.66	40.43	54.59	74.01	97.48	116	81.23	121.9	203.72	179.19
Enterprise Value Average	- -	58	186	413	602	1,099	1,726	2,889	3,916	2,933	3,795	6,211	6,269
Enterprise Value High	- -	58	186	428	839	1,382	2,196	3,735	4,807	3,350	4,926	8,431	7,999
Enterprise Value Low	- -	58	186	394	413	839	1,136	2,098	3,145	2,408	2,691	4,623	4,404

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
Shares Outstanding	- -	17	17	19	23	27	30	36	37	39	41	43	44
Diluted Weighted Avg Shares	17	17	17	18	19	24	28	33	54	54	54	40	54
Basic Weighted Avg Shares	17	17	17	18	18	24	28	33	37	37	38	40	42
Revenue per Share	8.19	9.1	10.59	10.11	13.25	10.58	9.76	10.31	10.08	14.27	14.63	17.86	18.24
EBITDA per Share	3.57	4.11	3.74	4.39	6.78	4.5	4.26	4.82	4.79	6.68	6.71	8.16	8.05
Operating Income per Share	3.46	4	3.62	4.28	6.68	4.37	4.15	4.7	4.64	6.48	6.49	7.93	7.81
Basic EPS, GAAP	3.66	- -	- -	0.03	0.94	1.41	2.17	2.96	4	2.94	3.72	5.45	5.99
Basic EPS from Cont Ops	3.93	4.19	3.27	4.18	5.77	4.15	4.51	5.09	6.77	5.05	6	7.86	9.32
Diluted EPS, GAAP	3.66	- -	- -	0.03	0.91	1.38	2.14	2.94	2.72	2.03	2.61	5.39	4.57
Diluted EPS from Cont Ops	3.93	4.19	3.27	4.06	5.6	4.07	4.46	5.06	4.61	3.49	4.22	7.78	7.12
Dividend per Share	0.98	2.76	3.97	4.52	2.52	2.91	2.72	2.23	2.67	3.67	2.89	3	3.41
Cash Flow per Share	3.92	4.51	6.4	4.59	5.25	4.68	4.14	5.68	4.64	6.11	3.19	7.54	10.21
Free Cash Flow per Basic Share	3.83	4.28	6.34	4.52	5.13	4.46	3.92	5.08	4.41	5.99	2.9	7.23	10.07
Cash & Equivalents per Share	- -	3.93	4.02	1.82	2.58	2.07	1.78	2.63	1.98	3.02	3.03	6.95	8.75
Book Value per Share	- -	- -	-7.18	0.04	0.25	0.74	1.68	2.64	5.07	6.58	8.37	11.41	14.78
Tangible Book Value per Share	- -	4.32	-6.56	4.87	7.39	7.12	8.45	17.8	20.2	15.07	17.48	23.14	35.25

Hamilton Lane Incorporated

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)