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3i Group PLC (GB:III)
LSE:III
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3i Group plc (III) AI Stock Analysis

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GB:III

3i Group plc

(LSE:III)

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Outperform 78 (OpenAI - 4o)
Rating:78Outperform
Price Target:
3,683.00p
▲(13.99% Upside)
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
Revenue Growth
Strong revenue growth indicates effective market penetration and product demand, supporting long-term business expansion and profitability.
Cash Flow Management
Effective cash flow management ensures liquidity and financial flexibility, enabling strategic investments and operational stability.
Private Equity Performance
Robust performance in private equity indicates successful investment strategies and portfolio management, driving long-term value creation.
Negative Factors
Challenges in France
Economic challenges in key markets like France can impact sales growth and profitability, posing risks to overall performance.
Seasonal Performance Concerns
Seasonal performance variability can lead to unpredictable revenue and margin pressures, affecting financial outcomes.
Macro Environment Caution
Macroeconomic uncertainties can hinder investment decisions and growth prospects, requiring strategic caution and adaptability.

3i Group plc (III) vs. iShares MSCI United Kingdom ETF (EWC)

3i Group plc Business Overview & Revenue Model

Company Description3i Group plc (III) is a leading international investment manager focused on private equity, infrastructure, and debt management. Established in 1945, the company invests in businesses across various sectors, including healthcare, technology, consumer goods, and industrials. 3i Group aims to create value through active ownership, strategic partnerships, and operational improvements, providing capital and expertise to help businesses grow.
How the Company Makes Money3i Group generates revenue primarily through management fees and performance fees associated with its investment funds. The company earns management fees by managing private equity and infrastructure portfolios, typically calculated as a percentage of committed capital or assets under management. Performance fees are earned based on the profits generated from investments exceeding certain benchmarks, aligning the interests of 3i with its investors. Additionally, 3i Group may realize gains from the sale of its investments, contributing to its revenue through capital appreciation. Strategic partnerships with other investment firms and co-investments also enhance its ability to leverage resources and increase returns, further supporting its earnings.

3i Group plc Earnings Call Summary

Earnings Call Date:Nov 13, 2025
(Q2-2026)
|
% Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Positive
The earnings call presented a generally positive outlook with strong performance metrics and growth in key areas such as Action and Royal Sanders. However, challenges in the French market and macroeconomic concerns present notable risks.
Q2-2026 Updates
Positive Updates
Strong Financial Performance
3i Group delivered a total return of 13%, with a net asset value per share increasing to GBP 28.57 from GBP 22.61, and a gross investment return of 14% from private equity and 9% from infrastructure.
Action's Continued Growth
Action expanded with net sales up 17.4% and operating EBITDA up 16.3% to GBP 1.563 billion. Like-for-like sales increased by 5.7%, and the company opened 272 new stores, with a target of 380 by year-end.
Successful Debt Management
Action raised EUR 1.6 billion in the U.S. and European debt markets with strong demand, and achieved interest cost savings of EUR 14 million through refinancing.
Royal Sanders Performance
Royal Sanders delivered good organic growth and excellent cash flow, contributing to the positive performance of the private equity portfolio.
Positive Currency Impact
Foreign exchange movements contributed a positive 78p to the net asset value per share, driven by the depreciation of the pound against the euro.
Negative Updates
Challenges in France
Action's like-for-like sales in France were negative in October due to challenging macroeconomic conditions, political uncertainty, and high food inflation, impacting overall group performance.
Seasonal Performance Concerns
There is uncertainty about the seasonal performance due to softer start and potential for lower margin product clearance in the Christmas period.
Macro Environment Caution
Continued caution regarding the general macro environment and careful evaluation of new investment opportunities, reflecting challenges in core markets.
Company Guidance
During the 3i Group plc Half Year Results Presentation, the company reported a total return of 13%, with a net asset value (NAV) per share increasing to GBP 28.57 from GBP 22.61 the previous year. The gross investment return was 14% from private equity and 9% from infrastructure, with private equity showing strong earnings growth, where 86% of the portfolio by value grew earnings by more than 10%. Action, a significant part of their portfolio, demonstrated impressive performance with net sales up 17.4% and operating EBITDA increasing by 16.3% to GBP 1.563 billion. The company opened 272 new stores, with plans to reach approximately 380 by year-end, reflecting a 13% increase in store numbers. The French market posed challenges, potentially affecting the 6.1% like-for-like sales growth guidance, but the company remains optimistic about the Christmas season's impact. The investment in Action increased to 62.3%, with a significant refinancing deal completed in October, raising EUR 1.6 billion, mostly at a fixed euro cost under 4.6%, resulting in pro forma leverage of 3x. The broader private equity portfolio was valued at GBP 27.1 billion, with positive contributions from Royal Sanders and Audley, and the infrastructure portfolio valued at GBP 2.2 billion, contributing to a consistent compounding return on equity.

3i Group plc Financial Statement Overview

Summary
3i Group plc exhibits a very strong financial position with impressive income statement metrics, a robust balance sheet, and efficient cash flow generation. The company is well-positioned in the asset management industry, with excellent growth and profitability metrics, effective leverage management, and efficient cash flow generation.
Income Statement
92
Very Positive
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
85
Very Positive
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
88
Very Positive
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.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2022Dec 2020
Income Statement
Total Revenue1.69B5.27B3.98B714.00M606.00M238.00M
Gross Profit5.15B5.19B3.98B4.14B562.00M225.00M
EBITDA5.00B5.05B3.82B4.03B4.61B1.87B
Net Income5.04B5.04B3.84B4.01B4.57B1.85B
Balance Sheet
Total Assets26.06B26.06B21.64B13.95B17.82B10.33B
Cash, Cash Equivalents and Short-Term Investments412.00M412.00M358.00M212.00M162.00M216.00M
Total Debt1.24B1.24B1.25B994.00M785.00M992.00M
Total Liabilities1.45B1.45B1.47B1.19B975.00M1.17B
Stockholders Equity24.61B24.61B20.17B12.75B16.84B9.16B
Cash Flow
Free Cash Flow747.00M747.00M363.00M132.00M185.00M-66.00M
Operating Cash Flow763.00M763.00M366.00M132.00M186.00M-65.00M
Investing Cash Flow311.00M-16.00M-3.00M306.00M486.00M-541.00M
Financing Cash Flow-690.00M-690.00M-164.00M-446.00M-719.00M53.00M

3i Group plc Technical Analysis

Technical Analysis Sentiment
Negative
Last Price3231.00
Price Trends
50DMA
3904.61
Negative
100DMA
3945.28
Negative
200DMA
3938.68
Negative
Market Momentum
MACD
-245.74
Negative
RSI
36.00
Neutral
STOCH
48.57
Neutral
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 3231 is below the 20-day moving average (MA) of 3342.23, below the 50-day MA of 3904.61, and below the 200-day MA of 3938.68, indicating a bearish trend. The MACD of -245.74 indicates Negative momentum. The RSI at 36.00 is Neutral, neither overbought nor oversold. The STOCH value of 48.57 is Neutral, 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

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
78
Outperform
£3.65B11.496.50%7.43%-7.11%0.45%
78
Outperform
£42.99B8.3625.05%2.45%62.80%48.86%
77
Outperform
£5.97B16.828.30%5.52%4.78%-4.86%
76
Outperform
£5.54B12.4824.36%4.05%28.34%44.04%
76
Outperform
£2.35B16.9212.23%6.15%-10.85%-42.02%
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
52
Neutral
$6.52B-1.53%7.35%9.86%-134.41%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:III
3i Group plc
3,231.00
-376.15
-10.43%
GB:ICG
Intermediate Capital
2,084.00
-46.44
-2.18%
GB:EMG
Man Group plc
210.00
16.23
8.38%
GB:SDR
Schroders
389.20
90.05
30.10%
GB:ABDN
Aberdeen Group
196.50
64.76
49.16%
GB:MNG
M&G Plc
274.90
90.90
49.40%

3i Group plc Corporate Events

Other
3i Group Manager Acquires Shares, Indicating Confidence
Positive
Dec 4, 2025

3i Group plc announced a shareholding transaction involving Kevin Dunn, a manager at the company, who acquired 16,454 ordinary shares at £30.10 each on the London Stock Exchange. This transaction highlights active engagement by company management in its stock, potentially signaling confidence in the company’s future prospects.

Business Operations and Strategy
3i Group Directors Increase Shareholdings Through Incentive Plan
Positive
Dec 1, 2025

3i Group plc announced that several of its directors and persons discharging managerial responsibilities (PDMRs) have acquired beneficial interests in ordinary shares of the company through the 3i Group Share Incentive Plan. The transactions involved the purchase of Partnership Shares and the awarding of Matching Shares, increasing their total shareholdings. This move, notified on December 1, 2025, reflects the company’s ongoing commitment to aligning management interests with shareholder value, potentially impacting stakeholder confidence positively.

Regulatory Filings and Compliance
3i Group Updates Total Voting Rights After Share Allotment
Neutral
Nov 28, 2025

3i Group plc announced an update on its total voting rights following the allotment of shares under its Share Incentive Plan. As of November 28, 2025, the company has 993,334,359 issued ordinary shares, each carrying one vote at general meetings. This update is significant for shareholders and others with notification obligations under the FCA’s Disclosure Guidance and Transparency Rules, as it affects the calculations for notifying changes in their interests in the company.

Other
3i Group Insider Share Purchase Signals Confidence
Positive
Nov 18, 2025

3i Group plc announced that Wilco Jiskoot, associated with Director Alexandra Schaapveld, purchased 7,800 ordinary shares at £33.25 each on the London Stock Exchange. This transaction reflects insider confidence in the company’s performance and may influence market perceptions and investor decisions.

Other
3i Group Director Acquires Shares, Signaling Confidence
Positive
Nov 17, 2025

3i Group plc, a prominent investment company, announced that James Hatchley, a Director and person discharging managerial responsibilities, has purchased 15,000 ordinary shares of the company at a price of £33.97 per share on the London Stock Exchange. This transaction indicates a potential vote of confidence in the company’s future prospects by its management, which may positively influence investor sentiment and market perception.

Other
3i Group Director Increases Stake with Share Purchase
Positive
Nov 17, 2025

3i Group plc announced that Peter McKellar, a Director and person discharging managerial responsibilities, purchased 25,000 ordinary shares in the company. This transaction took place on the London Stock Exchange at a price of £34.4601 per share, potentially indicating confidence in the company’s future performance.

Other
3i Group Director Increases Stake with Significant Share Purchase
Positive
Nov 14, 2025

3i Group plc announced that Jasi Halai, a director and person discharging managerial responsibilities, purchased a total of 10,588 ordinary shares in the company on the London Stock Exchange. This transaction reflects confidence in the company’s market position and future prospects, potentially impacting shareholder perceptions and market dynamics.

Other
3i Group Insider Share Purchase Signals Confidence
Positive
Nov 14, 2025

3i Group plc, a prominent investment company, announced a transaction involving the purchase of shares by Karen McKellar, who is closely associated with Peter McKellar, a director of the company. This transaction, conducted on the London Stock Exchange, involved the acquisition of 4,000 ordinary shares at a price of 3344.6736 pence per share, reflecting active engagement by company insiders and potentially signaling confidence in the company’s future prospects.

Other
3i Group Executive Increases Stake with Significant Share Purchase
Positive
Nov 14, 2025

3i Group plc, a prominent investment company, announced that Peter Wirtz, a senior executive, purchased 25,000 ordinary shares in the company at the London Stock Exchange. This transaction could indicate confidence in the company’s future performance and may influence stakeholder perceptions positively.

Other
3i Group Director Increases Shareholding
Positive
Nov 14, 2025

3i Group plc, a prominent investment company, announced that Simon Borrows, a Director and person discharging managerial responsibilities, purchased 30,000 ordinary shares in the company. This transaction, conducted on the London Stock Exchange, may signal confidence in the company’s future prospects and could impact investor perceptions positively.

Financial DisclosuresRegulatory Filings and Compliance
3i Group Releases Half-Yearly Report for 2025
Neutral
Nov 13, 2025

3i Group plc has released its half-yearly report for the six months ending on 30 September 2025. The report has been submitted to the National Storage Mechanism and is accessible on the company’s website. This announcement reflects the company’s commitment to transparency and provides stakeholders with updated financial and operational insights.

Business Operations and StrategyFinancial Disclosures
3i Group Reports Strong First Half FY2026 Results with 13% Total Return
Positive
Nov 13, 2025

3i Group plc reported a robust performance for the first half of FY2026, achieving a total return of £3,291 million, which represents a 13% return on opening shareholders’ funds. The company’s Private Equity business showed significant growth, with a gross investment return of £3,234 million, driven by strong trading in its portfolio companies, particularly Action, which saw substantial sales and EBITDA growth. The company increased its stake in Action to 62.3% through strategic acquisitions and financing transactions. Despite challenging macroeconomic conditions, 3i’s infrastructure assets also performed well, contributing to a gross investment return of £139 million. The company remains cautious yet optimistic about future investments, focusing on selective opportunities in a challenging market environment.

Business Operations and Strategy
3i Group Directors Acquire Shares Under Incentive Plan
Neutral
Nov 3, 2025

3i Group plc announced that its directors and persons discharging managerial responsibilities have acquired shares in the company through the Share Incentive Plan. This acquisition, which includes both Partnership and Matching Shares, reflects the company’s ongoing efforts to align management interests with shareholder value, potentially impacting the company’s market perception and stakeholder confidence.

Regulatory Filings and Compliance
3i Group plc Updates Total Voting Rights After Share Allotment
Neutral
Oct 31, 2025

3i Group plc, a prominent investment company, announced an update regarding its total voting rights following an allotment of shares under its Share Incentive Plan. As of October 31, 2025, the company has 993,332,571 issued ordinary shares, each carrying one vote at general meetings. This update is significant for shareholders and others with notification obligations, as it affects the calculations needed to determine their interest in the company under the FCA’s Disclosure Guidance and Transparency Rules.

Regulatory Filings and Compliance
3i Group Updates Total Voting Rights Post Share Allotment
Neutral
Oct 1, 2025

3i Group plc, a prominent investment company, announced an update regarding its total voting rights following the allotment of shares under its Share Incentive Plan. As of September 30, 2025, the company has 993,331,347 issued ordinary shares, each granting one vote at general meetings. This update is significant for shareholders and stakeholders as it affects the calculation of their interests under the FCA’s Disclosure Guidance and Transparency Rules.

Regulatory Filings and Compliance
3i Group Discloses Compliance with UK Listing Rule 11.7.8R
Neutral
Oct 1, 2025

3i Group plc announced that as of the last business day of September 2025, it held no investments in listed closed-ended investment funds that lack a stated policy to limit their investment in other similar funds to no more than 15% of their total assets. This disclosure aligns with UK Listing Rule 11.7.8R, ensuring transparency and compliance with regulatory requirements, which may impact the company’s operational transparency and reassure stakeholders about its investment strategies.

Business Operations and Strategy
3i Group Directors Acquire Shares Under Incentive Plan
Positive
Oct 1, 2025

3i Group plc announced that on 30 September 2025, several directors and persons discharging managerial responsibilities (PDMRs) acquired beneficial interests in the company’s ordinary shares through the 3i Group Share Incentive Plan. The shares were obtained as Partnership Shares, purchased at 3998.0 pence each, and Matching Shares, awarded for nil consideration. This transaction highlights the company’s ongoing commitment to aligning the interests of its management with shareholders, potentially strengthening its market position and stakeholder confidence.

Delistings and Listing ChangesRegulatory Filings and Compliance
3i Group plc Updates Share Capital and Voting Rights
Neutral
Sep 30, 2025

3i Group plc has announced the allotment and admission of 19,916,225 new ordinary shares to trading on the London Stock Exchange, bringing its total issued share capital to 993,330,029 ordinary shares. This update is significant for shareholders and stakeholders as it affects the total voting rights, which are crucial for determining notification obligations under the FCA’s Disclosure Guidance and Transparency Rules.

M&A TransactionsBusiness Operations and StrategyFinancial Disclosures
3i Group Reports Strong Portfolio Performance and Strategic Share Acquisition
Positive
Sep 25, 2025

3i Group plc announced updates on its portfolio performance and recent transactions during a Capital Markets Seminar. The company reported strong resilience in its Private Equity and Infrastructure portfolios despite a challenging macroeconomic environment. Notably, the sale of MAIT resulted in significant returns, while Action, a key portfolio company, demonstrated robust sales and EBITDA growth. Additionally, 3i Group has entered an agreement to acquire additional shares in Action, further solidifying its investment in the company.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 07, 2025