3i Group plc (III) AI Stock Analysis

• Market Cap: £27.49B
• Dividend Yield: 2.44%
• Average Volume (3M): 1.81M
• Price to Earnings (P/E): 3.0
• Beta (1Y): 1.08
• Revenue Growth: 62.80%
• EPS Growth: 48.86%
• Country: UK
• Employees: 249
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 3.40
• Shares Outstanding: 1,024,701,400
• 10 Day Avg. Volume: 1,719,832
• 30 Day Avg. Volume: 1,814,927
• PEG Ratio: -0.43
• Price to Book (P/B): 1.33
• Price to Sales (P/S): 6.77
• P/FCF Ratio: 74.17
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £3,852.00
• Price Target Upside: 42.61% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): 6.44
• Revenue Forecast (FY): £6.67B

• Rating: 78 Outperform
• Price Target: 3,079.00 p ▲(13.99% Upside)
• Action: Reiterated Date: 12/07/25
• Date: Action: Reiterated 12/07/25

3i Group plc's strong financial performance and positive earnings call are the most significant factors driving the score. The technical analysis suggests caution due to bearish trends, but the low P/E ratio and insider confidence through share purchases provide a positive outlook. Challenges in specific markets and macroeconomic conditions are risks to monitor.

Positive Factors

Free Cash Flow Strength

Sustained strong free cash flow improves 3i's ability to fund follow-on investments, pay dividends, and cover operating costs without depending on opportunistic exits. Durable cash conversion strengthens financial resilience through market cycles and supports disciplined capital allocation and fee income stability.

High Profitability & Margins

Consistently high margins and strong revenue growth indicate structural operational efficiency and pricing power within portfolio companies. Margin sustainability underpins attractive returns on equity and feeds performance fees and reinvestment capacity, helping preserve long-term earnings quality.

Strong NAV & Investment Returns

Material NAV appreciation and double-digit gross investment returns reflect effective value creation in private equity and infrastructure. Persistent ability to grow NAV supports long-term fee generation, distribution capacity and reinforces credibility with limited partners for future fundraising.

Negative Factors

Country Exposure: France

Concentrated operational exposure in France creates a structural headwind for a large portfolio holding. Prolonged underperformance in that market can depress earnings growth, delay exits or lower exit multiples, and dent NAV momentum over a multi-quarter horizon.

Reliance on Exits & Valuations

Business model dependence on realizing portfolio gains and on market valuations means earnings and distributable cash are inherently lumpy. Over 2-6 months, adverse financing or valuation shifts can materially reduce reported returns and fee-related income, limiting predictability.

Subdued Asset Growth

Relatively muted asset growth can constrain the scale of fee-earning assets under management and slow diversification of the portfolio. Limited growth in investable AUM reduces the company's ability to compound management fees and capture larger exit opportunities over the medium term.

3i Group plc Business Overview & Revenue Model

Company Description

3i Group plc is a private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins. The firm also provides infrastructure financing and debt management. For debt management, it invests in senior and mezzanine corporate debt in typically large and private companies in United Kingdom, Europe, Asia, and North America. It makes private equity investments in business and technology services, financial services, consumer, healthcare, consumption and distribution, media and telecom, renewable energy, wind, and industrial sector. Within business and technology services, the firm seeks to invest in sub sectors such as testing, inspection and certification; BPO and consultancy; human capital including staffing, governance, risk and compliance, services to pharmaceutical companies, vertical application software, education and training businesses; facilities management; support services to industrial sectors such as oil and gas and utilities; human resources outsourcing and advising; recruitment; logistics and infrastructure support services including distribution, waste, and rental. In the consumer sector, it focuses on polarization, health and wellness, ageing population, millennials, consumer goods; e-commerce; retail; food and drinks; and leisure. In the healthcare sector, the firm focuses on pharmaceuticals and biotechnology including specialty pharma, generics / OTC, drug delivery, and animal health; healthcare Services including activities such as elderly and specialty care, including caring for people in their own homes, in hospital and in community facilities, as well as operational services such as outsourced support, clinical services and B2B contract services; medical devices and technology including devices, medical equipment and consumables, diagnostics, and healthcare IT. In the industrial sector, it focuses on automotive, chemicals, construction and building products, electronics and electrical components, flow control and filtration, life science manufacturing, mobility, packaging, software, oil, gas and power. Through 3i BIFM Limited and 3i Infrastructure plc the firm makes infrastructure investments where it focuses principally on the utilities including energy transmission and storage, electricity and gas distribution, water, power generation, and communication network; transportation including airports, ports, ferries, toll roads, and rail; and social infrastructure sector including primary and secondary PFI, public private partnerships, healthcare, education, and government accommodation. In infrastructure it invests primarily in utilities, transportation and social infrastructure in the United Kingdom, France, Italy, Europe, and Ireland. The firm prefers to invest in companies across Europe, France, United States, South America, and Asia. It seeks to make new investments in Northern Europe and North America. The firm typically invests between 5 million ($5.59125 million) and 300 million ($335.475 million) in companies with an enterprise value typically between 100 million ($111.825 million) and 500 million ($559.125 million) and sales value between 80 million ($89.46 million) and 1500 million ($1677.38 million). It seeks to take either majority or minority stakes. It seeks to take a board seat in its portfolio companies with regards to infrastructure investments. The firm invests through a combination of third-party and proprietary capital. It invests through its personal capital. 3i Group plc was founded in 1945 and is based in London, United Kingdom with additional offices across Europe, North America, and Asia.

How the Company Makes Money

3i Group makes money primarily from investment returns and investment management activities. A major earnings driver is value creation in its investment portfolio: it seeks to grow the earnings and enterprise value of its private equity holdings and infrastructure assets, then realizes gains through exits (such as sales to strategic buyers, secondary buyouts, or public market listings) or through revaluations of its holdings. It can also generate recurring cash flows from portfolio companies and assets via dividends and other distributions where applicable. In addition, 3i earns income related to managing or advising investment vehicles, which can include management fees and performance-related fees (carried interest) when contractual terms and performance hurdles are met. Its reported results and cash generation are therefore influenced by portfolio performance, exit timing, valuation movements, financing conditions, and broader market cycles.

3i Group plc Financial Statement Overview

Summary

3i Group plc demonstrates strong financial performance with high profitability and efficient cost management. The income statement shows robust revenue and profit margins, while the balance sheet reflects prudent leverage management and strong equity returns. Cash flow is positive, indicating effective cash generation and management.

Income Statement

3i Group plc has shown impressive performance in its income statement metrics. The gross profit margin is high, indicating efficient cost management. The net profit margin is robust, reflecting strong profitability. Revenue growth over recent years has been substantial, showcasing excellent growth trajectory. Additionally, EBIT and EBITDA margins are very healthy, underscoring operational efficiency.

Balance Sheet

The balance sheet of 3i Group plc is strong, marked by a low debt-to-equity ratio that signifies prudent leverage management. The return on equity is exceptional, indicating effective use of equity to generate profits. The equity ratio is solid, reflecting a strong capital structure. However, the company's asset growth could be more aggressive to support expansion.

Cash Flow

3i Group plc's cash flow statement is very positive, with a strong free cash flow growth rate highlighting effective cash generation capability. The operating cash flow to net income ratio is solid, indicating good cash conversion efficiency. Additionally, the free cash flow to net income ratio is healthy, demonstrating effective cash management.

Breakdown	TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2020	Mar 2019
Income Statement
Total Revenue	1.78B	5.27B	3.98B	606.00M	238.00M	176.00M
Gross Profit	3.29B	5.19B	3.98B	562.00M	225.00M	146.00M
EBITDA	5.81B	5.05B	3.82B	4.61B	1.87B	211.00M
Net Income	6.28B	5.04B	3.84B	4.57B	1.85B	214.00M
Balance Sheet
Total Assets	29.64B	26.06B	21.64B	17.82B	10.33B	8.57B
Cash, Cash Equivalents and Short-Term Investments	408.00M	412.00M	358.00M	162.00M	216.00M	771.00M
Total Debt	1.29B	1.24B	1.25B	785.00M	992.00M	595.00M
Total Liabilities	1.42B	1.45B	1.47B	975.00M	1.17B	810.00M
Stockholders Equity	28.23B	24.61B	20.17B	16.84B	9.16B	7.76B
Cash Flow
Free Cash Flow	373.00M	747.00M	363.00M	185.00M	-66.00M	581.00M
Operating Cash Flow	387.00M	763.00M	366.00M	186.00M	-65.00M	584.00M
Investing Cash Flow	383.00M	-16.00M	-3.00M	486.00M	-541.00M	-408.00M
Financing Cash Flow	-740.00M	-690.00M	-164.00M	-719.00M	53.00M	-425.00M

3i Group plc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2701.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:III, the sentiment is Negative. The current price of 2701 is below the 20-day moving average (MA) of 3015.00, below the 50-day MA of 3186.58, and below the 200-day MA of 3686.96, indicating a bearish trend. The MACD of -134.75 indicates Positive momentum. The RSI at 30.23 is Neutral, neither overbought nor oversold. The STOCH value of 10.72 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:III.

3i Group plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
III	78 Outperform	£27.49B	3.00	23.76%	2.44%	62.80%	48.86%
N91	78 Outperform	£4.03B	5.71	41.35%	5.93%	4.28%	5.18%
SDR	76 Outperform	£8.88B	11.95	12.35%	5.37%	4.78%	-4.86%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
ICG	67 Neutral	£4.11B	5.37	23.35%	4.13%	28.34%	44.04%
MNG	52 Neutral	£6.50B	22.80	9.49%	7.09%	9.86%	-134.41%
LGEN	48 Neutral	£13.29B	30.04	6.81%	8.29%	-38.98%	-31.14%

3i Group plc Corporate Events

3i Group Discloses Director Share Awards Under Incentive Plan

3i Group plc has reported transactions under its Share Incentive Plan in which several directors and persons discharging managerial responsibilities acquired ordinary shares in the company. The latest allotments consisted of Partnership Shares purchased at a set subscription price and Matching Shares granted for no consideration, reflecting ongoing use of equity-based incentives in management compensation.

Named executives, including K J Dunn, J H Halai, A Lissaman, J Marie and B Sottomayor, each became beneficially interested in between 12 and 15 additional shares through a mix of purchased and matched awards. The company was notified of these off-market transactions on 2 March 2026, underscoring routine governance disclosures rather than a shift in overall ownership structure or strategy.

The most recent analyst rating on (GB:III) stock is a Buy with a £4000.00 price target. To see the full list of analyst forecasts on 3i Group plc stock, see the GB:III Stock Forecast page.

3i Group Updates Total Voting Rights After Share Incentive Allotment

3i Group plc has updated its total voting rights following an allotment of shares under the company’s Share Incentive Plan on 27 February 2026. The company now has 1,024,701,366 issued ordinary shares in circulation, each carrying one voting right and with none held in treasury, establishing the denominator for regulatory disclosures under the FCA’s transparency rules.

This new total voting rights figure will be used by shareholders and other obligated parties to determine whether they must notify any interests or changes in interests in 3i Group plc. The disclosure, made under UK disclosure and transparency regulations, confirms that the company’s home member state for transparency purposes remains the United Kingdom, reinforcing its compliance framework for market participants.

The most recent analyst rating on (GB:III) stock is a Buy with a £4000.00 price target. To see the full list of analyst forecasts on 3i Group plc stock, see the GB:III Stock Forecast page.

3i Director Stephen Daintith Joins Kingfisher Board as Non-Executive Director

3i Group plc has announced that board director and person discharging managerial responsibilities Stephen Daintith has been appointed as a Non-Executive Director of Kingfisher PLC, effective 1 April 2026. The move expands Daintith’s external board portfolio and may enhance 3i’s broader corporate network and governance reach, although he will continue in his role at 3i while contributing independent oversight at the FTSE-listed retailer.

The most recent analyst rating on (GB:III) stock is a Sell with a £3000.00 price target. To see the full list of analyst forecasts on 3i Group plc stock, see the GB:III Stock Forecast page.

3i Group Directors Increase Stakes Through Share Incentive Plan Awards

3i Group plc has disclosed changes in the shareholdings of several directors and persons discharging managerial responsibilities under its Share Incentive Plan. On 30 January 2026, five named executives acquired additional ordinary shares through a combination of partnership shares they purchased, matching shares granted at no cost, and dividend shares bought via reinvested dividends, with individual totals ranging from 70 to 311 shares. The transactions, all executed outside a trading venue and notified to the company the same day, incrementally increase management’s beneficial ownership and reinforce the use of equity-based incentives to align leadership with shareholder interests.

The most recent analyst rating on (GB:III) stock is a Buy with a £47.40 price target. To see the full list of analyst forecasts on 3i Group plc stock, see the GB:III Stock Forecast page.

3i Group Updates Total Voting Rights After New Share Allotment

3i Group plc has increased its issued share capital following the allotment and admission to trading of 31,353,859 new ordinary shares on the London Stock Exchange on 30 January 2026, alongside an allotment under The 3i Group Share Incentive Plan. As a result, the company’s total issued share capital now comprises 1,024,699,476 ordinary shares, each carrying one voting right, with no shares held in treasury. This updated total voting rights figure will serve as the reference denominator for shareholders and other obliged parties when assessing and notifying changes in their holdings under the UK Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, confirming the United Kingdom as 3i’s home member state for transparency purposes.

The most recent analyst rating on (GB:III) stock is a Buy with a £47.40 price target. To see the full list of analyst forecasts on 3i Group plc stock, see the GB:III Stock Forecast page.

3i Group CEO Simon Borrows Increases Stake with £1m Share Purchase

3i Group plc disclosed that its Chief Executive, Simon Borrows, has increased his personal stake in the company by purchasing 30,000 ordinary shares on the London Stock Exchange at a price of £34.897837 per share. The director dealing, reported under UK Market Abuse Regulation, signals additional alignment between senior management and shareholders, and may be interpreted by investors as a vote of confidence in 3i’s current strategy and future prospects.

The most recent analyst rating on (GB:III) stock is a Sell with a £3000.00 price target. To see the full list of analyst forecasts on 3i Group plc stock, see the GB:III Stock Forecast page.

3i Group Lifts NAV and Deepens Bet on Action After Another Strong Quarter

3i Group reported another strong quarter, lifting net asset value per share to 3,017p at 31 December 2025 and delivering a 20% total return over the first nine months of FY2026, supported by currency gains, portfolio realisations and dividends. The performance was driven largely by discount retailer Action, which posted 16% net sales growth to €16bn and 14% operating EBITDA growth to €2.37bn in 2025, opened a record 384 new stores and continued to see robust like-for-like sales despite softer French consumer demand, while 3i increased its stake in the business to 62.3% following a capital restructuring and later agreed to acquire a further c.2.9% interest from GIC via new 3i shares. Across the wider portfolio, 3i highlighted solid trading from consumer and private label assets such as Royal Sanders and Audley Travel, completed the profitable disposal of MAIT, and benefited from a rising share price and dividends from 3i Infrastructure, leaving the group with £995m of gross cash, minimal gearing of 1% and what management describes as strong momentum into the final quarter of its financial year.

The most recent analyst rating on (GB:III) stock is a Sell with a £3000.00 price target. To see the full list of analyst forecasts on 3i Group plc stock, see the GB:III Stock Forecast page.

3i Group Directors Increase Holdings Through Share Incentive Plan

3i Group plc has disclosed that several directors and persons discharging managerial responsibilities have increased their beneficial holdings in the company through its Share Incentive Plan. On 6 January 2026, five senior individuals acquired a mix of Partnership Shares, bought at a subscription price of 3241.0 pence per share, and Matching Shares awarded for no consideration, resulting in total allocations ranging from 12 to 15 ordinary shares each. The transactions, notified to the company on 7 January 2026 and executed outside a trading venue, underscore continued insider participation in 3i’s equity-based remuneration scheme, aligning management interests with those of shareholders.

The most recent analyst rating on (GB:III) stock is a Buy with a £47.50 price target. To see the full list of analyst forecasts on 3i Group plc stock, see the GB:III Stock Forecast page.

3i Group Updates Market on Total Voting Rights After Share Allotment

3i Group plc has updated the market on its share capital, confirming that following an allotment of shares under The 3i Group Share Incentive Plan on 6 January 2026, the company now has 993,335,520 issued ordinary shares admitted to trading, each carrying one vote, with no shares held in treasury. The revised total voting rights figure will serve as the reference denominator for shareholders and other obliged parties when assessing whether they must disclose holdings or changes in holdings under the FCA’s Disclosure Guidance and Transparency Rules, with the UK confirmed as the company’s Home Member State for transparency purposes.

The most recent analyst rating on (GB:III) stock is a Buy with a £47.50 price target. To see the full list of analyst forecasts on 3i Group plc stock, see the GB:III Stock Forecast page.

3i Group Confirms No Exposure to Certain Closed-Ended Investment Funds at Year-End 2025

3i Group plc has disclosed, in line with UK Listing Rule 11.7.8R, that as of the last business day of December 2025 it held no investments in listed closed-ended investment funds that themselves lack a policy to limit their exposure to other listed closed-ended funds. The statement underscores 3i’s compliance with regulatory requirements around fund-of-funds exposure and provides reassurance to investors and regulators that the group’s portfolio does not carry additional indirect concentration risk via such investment structures at that reporting date.

The most recent analyst rating on (GB:III) stock is a Buy with a £47.50 price target. To see the full list of analyst forecasts on 3i Group plc stock, see the GB:III Stock Forecast page.