3i Group PLC (GB:III)
LSE:III
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3i Group plc
(LSE:III)
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Rating:72Outperform
Price Target:
2,470.00 p
▼(-15.05% Downside)
Action:Reiterated
Date:06/13/26
The score is driven primarily by strong financial position and profitability alongside very attractive valuation (low P/E and a solid dividend yield). These positives are tempered by weak technicals (price below key moving averages and negative MACD) and evidence of volatile fundamentals, including a sharp 2026 revenue drop and materially weaker cash flow.
Positive Factors
Conservative balance sheet
Very low financial leverage and a large equity base provide durable financial flexibility. Expanded equity (from ~9.16B in 2021 to ~30.89B in 2026) supports the ability to absorb investment mark volatility, finance new deals from balance sheet and maintain distributions without relying on short-term debt markets.
Negative Factors
Sharp revenue decline in 2026
A very large year‑over‑year revenue drop indicates that top‑line is highly dependent on timing of exits and revaluations. Such extreme swings reduce predictability of earnings, complicate capital allocation and make payouts and reinvestment plans contingent on market timing rather than steady operating performance.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low financial leverage and a large equity base provide durable financial flexibility. Expanded equity (from ~9.16B in 2021 to ~30.89B in 2026) supports the ability to absorb investment mark volatility, finance new deals from balance sheet and maintain distributions without relying on short-term debt markets.
Read all positive factors
3i Group plc (III) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£22.24B
Dividend Yield2.44%
Average Volume (3M)1.81M
Price to Earnings (P/E)4.3
Beta (1Y)1.47
Revenue Growth-25.49%
EPS Growth3.34%
CountryUK
Employees249
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)5.37
Shares Outstanding1,016,827,100
10 Day Avg. Volume1,719,832
30 Day Avg. Volume1,814,927
Financial Highlights & Ratios
PEG Ratio1.39
Price to Book (P/B)0.77
Price to Sales (P/S)55.91
P/FCF Ratio163.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£3,105.33Price Target Upside6.80% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)4.9
Revenue Forecast (FY)£4.93B
3i Group plc Business Overview & Revenue Model
Company Description
3i Group plc operates as a private equity firm, focusing its investments across various stages including mature companies and growth capital opportunities, with a strong emphasis on the middle market. Its core activities include management leverag...
How the Company Makes Money
3i Group makes money primarily from returns on its investment portfolio rather than from selling operating products or services. Its key earnings drivers typically include: (1) valuation gains and losses on its investments (unrealized fair-value m...
3i Group plc Earnings Call Summary
Earnings Call Date:Nov 13, 2025
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 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.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.
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.
Read all updates
Q2-2026 Updates
Positive
Negative
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.
Read all positive updates
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
Income Statement
72
Positive
Balance Sheet
88
Very Positive
Cash Flow
60
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 428.00M | 5.27B | 3.98B | 606.00M | 714.00M |
| Gross Profit | 423.00M | 5.19B | 3.98B | 562.00M | 4.14B |
| EBITDA | 5.36B | 5.05B | 3.82B | 4.61B | 4.03B |
| Net Income | 5.29B | 5.04B | 3.84B | 4.57B | 4.01B |
Balance Sheet | |||||
| Total Assets | 32.34B | 26.06B | 21.64B | 17.82B | 13.95B |
| Cash, Cash Equivalents and Short-Term Investments | 635.00M | 412.00M | 358.00M | 162.00M | 212.00M |
| Total Debt | 1.26B | 1.24B | 1.25B | 785.00M | 994.00M |
| Total Liabilities | 1.45B | 1.45B | 1.47B | 975.00M | 1.19B |
| Stockholders Equity | 30.89B | 24.61B | 20.17B | 16.84B | 12.75B |
Cash Flow | |||||
| Free Cash Flow | 146.00M | 747.00M | 363.00M | 185.00M | 132.00M |
| Operating Cash Flow | 147.00M | 763.00M | 366.00M | 186.00M | 132.00M |
| Investing Cash Flow | 849.00M | -16.00M | -3.00M | 486.00M | 306.00M |
| Financing Cash Flow | -784.00M | -690.00M | -164.00M | -719.00M | -446.00M |
3i Group plc Technical Analysis
Negative
2907.50
Price Trends
2384.62
Negative
2686.35
Negative
3137.58
Negative
Market Momentum
-32.94
Negative
45.33
Neutral
30.87
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 2907.5 is above the 20-day moving average (MA) of 2197.70, above the 50-day MA of 2384.62, and below the 200-day MA of 3137.58, indicating a neutral trend. The MACD of -32.94 indicates Negative momentum. The RSI at 45.33 is Neutral, neither overbought nor oversold. The STOCH value of 30.87 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | £9.07B | 16.93 | 12.35% | 5.37% | 12.45% | 28.89% | |
72 Outperform | £22.24B | 4.32 | 17.91% | 2.44% | -25.49% | 3.34% | |
72 Outperform | £4.20B | 12.76 | 41.35% | 5.93% | 9.80% | 1.81% | |
68 Neutral | £4.90B | 10.34 | 18.00% | 4.13% | 6.46% | 6.47% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | £7.89B | 25.83 | 9.49% | 7.09% | 52.52% | ― | |
48 Neutral | £15.51B | 43.54 | 15.89% | 8.29% | 53.06% | 191.61% |
* General Sector Average
GB:III
3i Group plc
2,202.00
-1,691.89
-43.45%
GB:ICG
ICG plc
1,726.00
-96.50
-5.29%
GB:LGEN
Legal & General
283.20
51.38
22.17%
GB:SDR
Schroders
585.00
239.36
69.25%
GB:MNG
M&G Plc
331.00
95.18
40.36%
GB:N91
Ninety One
215.00
47.74
28.54%
3i Group plc Corporate Events
Executive/Board ChangesRegulatory Filings and Compliance
3i Group Executives Exercise and Partially Sell Vested Share Awards
Neutral
Jun 8, 2026
3i Group plc reported that share awards granted under its Discretionary Share Plan to several persons discharging managerial responsibilities vested on 5 June 2026, resulting in the lifting of restrictions on those shares. The affected executives,...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
3i Group Advances £750m Buyback, Cuts Share Count and Voting Rights
Positive
Jun 8, 2026
3i Group plc has continued executing its £750 million share buyback programme, repurchasing and cancelling more than 2.15 million ordinary shares on the London Stock Exchange between 1 and 5 June 2026 at volume-weighted average prices ranging...
Executive/Board ChangesRegulatory Filings and Compliance
3i Group discloses vesting of executive share and bonus awards
Neutral
Jun 2, 2026
3i Group has reported the vesting of share awards and cash-settled bonuses for several directors and senior managers under its Deferred Bonus Plan 2020 and Special Share Award Plan. Ordinary shares previously subject to plan restrictions have now ...
Executive/Board ChangesRegulatory Filings and Compliance
3i Group Updates Director Share Awards and Confirms New Equity Grants
Neutral
Jun 2, 2026
3i Group plc has amended a prior disclosure to reflect a change in the number of shares included in a Special Share Award granted to PDMR Bernardo Sottomayor under its Special Share Award Plan, while confirming that all other elements of the annou...
Executive/Board ChangesRegulatory Filings and Compliance
3i Group grants new share-based awards to senior management
Positive
Jun 1, 2026
3i Group plc has granted a series of deferred share and cash-settled awards to its directors and other senior managers under the 3i Group Deferred Bonus Plan 2020, allocating tens of thousands of ordinary shares or notional shares to each particip...
Business Operations and StrategyStock Buyback
3i Group Advances £750m Buyback, Cuts Share Count and Voting Rights
Positive
Jun 1, 2026
3i Group plc has continued executing its £750 million share buyback programme, purchasing and cancelling 1,157,698 ordinary shares on the London Stock Exchange between 26 and 29 May 2026. The transactions were executed via Barclays Capital Se...
Regulatory Filings and Compliance
3i Group Updates Total Voting Rights After Share Allotment
Neutral
May 29, 2026
3i Group plc has updated the market on its share capital and voting rights following the allotment of new shares under its Share Incentive Plan, bringing the total number of issued ordinary shares with voting rights to 1,021,851,960 and confirming...
Business Operations and StrategyDelistings and Listing Changes
3i Group Adds Shares Under Existing Block Admission on LSE
Neutral
May 29, 2026
3i Group plc has admitted an additional 2,088 ordinary shares to trading on the main market of the London Stock Exchange under an existing block admission. The new shares, issued and admitted on 29 May 2026, are fully fungible with existing ordina...
Regulatory Filings and ComplianceShareholder Meetings
3i Group Publishes 2026 AGM Notice and Proxy Materials
Neutral
May 27, 2026
3i Group plc has issued the formal notice and proxy form for its 2026 Annual General Meeting, confirming that these documents have been submitted to the UK Financial Conduct Authority’s National Storage Mechanism for public inspection. The A...
Stock Buyback
3i Group Cancels Additional Shares Under £750m Buyback Programme
Positive
May 26, 2026
3i Group plc has executed further purchases of its ordinary shares on the London Stock Exchange under its previously announced £750 million share buyback programme, cancelling a total of 1,764,739 shares between 18 and 22 May 2026 at volume-w...
Regulatory Filings and Compliance
3i Group CEO Simon Borrows Buys 50,000 Shares on Market
Positive
May 22, 2026
3i Group plc disclosed that its chief executive, Simon Borrows, purchased 50,000 ordinary shares in the company on 21 May 2026 at a price of £22.2863 per share. The on-market transaction on the London Stock Exchange signals personal confidenc...
Financial DisclosuresRegulatory Filings and Compliance
3i Group Files 2026 Annual Report with UK Regulator and Publishes Online
Positive
May 21, 2026
3i Group plc has published its Annual report and accounts for the year ended 31 March 2026, confirming that the document has been submitted to the UK Financial Conduct Authority’s National Storage Mechanism for public inspection. The annual ...
Regulatory Filings and Compliance
3i Group Director and Family Increase Holdings in Insider Share Purchases
Positive
May 19, 2026
3i Group has disclosed that director and PDMR Jasi Halai, along with several closely associated family members, purchased additional ordinary shares in the company on the London Stock Exchange in mid-May 2026. The transactions, totalling several t...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
3i Group Advances £750m Buyback, Cuts Share Count and Voting Rights
Positive
May 18, 2026
3i Group plc has continued its recently announced £750 million share buyback programme by purchasing and cancelling 701,317 ordinary shares via Barclays Capital Securities on the London Stock Exchange. The transactions on 14 and 15 May 2026 w...
Other
3i Group Directors Increase Stakes with Six-Figure Share Purchases
Positive
May 15, 2026
3i Group has disclosed insider share purchases by two board members, underscoring management’s direct financial commitment to the company. Director James Hatchley acquired 10,000 ordinary shares at £20.8250 each, while Director Peter Mc...
Business Operations and StrategyStock Buyback
3i Group launches up to £750m share buyback to cut capital
Positive
May 14, 2026
3i Group plc has launched a share buyback programme of up to £750 million, under which Barclays Bank’s investment arm will repurchase the company’s ordinary shares on the market as riskless principal. The repurchased shares will b...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
3i Group lifts NAV and launches £750m buyback after another strong year
Positive
May 14, 2026
3i Group reported another strong year to 31 March 2026, delivering a 22% total return on opening shareholders’ funds and lifting net asset value per share to 3,030 pence, driven chiefly by discount retailer Action and resilient performances ...
Business Operations and Strategy
3i Group Directors Increase Holdings Under Share Incentive Plan
Positive
May 1, 2026
3i Group plc has reported routine share acquisitions by several directors and persons discharging managerial responsibilities under its Share Incentive Plan. Each of the named executives acquired a combination of partnership shares, purchased at a...
Delistings and Listing ChangesRegulatory Filings and Compliance
3i Group Adds Shares Under Existing Block Admission on LSE
Neutral
Apr 30, 2026
3i Group plc has admitted 4,665 additional ordinary shares to trading on the main market of the London Stock Exchange under an existing block admission. The new shares, issued and admitted on 30 April 2026, are fully fungible with the existing ord...
Regulatory Filings and Compliance
3i Group Updates Total Voting Rights After Share Allotment
Neutral
Apr 30, 2026
3i Group plc has updated its total voting rights following an allotment of shares under its Share Incentive Plan on 30 April 2026, bringing the number of issued ordinary shares to 1,024,707,442, each carrying one vote and with none held in treasur...
Business Operations and StrategyRegulatory Filings and Compliance
3i Group Reports No Exposure to Certain Closed-Ended Investment Funds
Positive
Apr 1, 2026
3i Group plc reported that, as of the last business day of March 2026, it held no investments in listed closed-ended investment funds that lack a restriction on investing more than 15% of their total assets in other listed closed-ended funds. This...
Executive/Board Changes
3i Group Directors Acquire Shares Under Incentive Plan
Positive
Apr 1, 2026
3i Group has disclosed that several directors and persons discharging managerial responsibilities acquired ordinary shares under the company’s Share Incentive Plan. The awards comprised partnership shares purchased at a set subscription pric...
Business Operations and StrategyDelistings and Listing Changes
3i Group Admits Additional Ordinary Shares to London Listing
Neutral
Mar 31, 2026
3i Group plc has expanded its listed equity base with the admission of 1,411 additional ordinary shares to trading on the main market of the London Stock Exchange. The new shares, issued and admitted on 31 March 2026, form part of an existing bloc...
Regulatory Filings and Compliance
3i Group Updates Share Capital and Voting Rights After Incentive Allotment
Neutral
Mar 31, 2026
3i Group plc has updated its capital and voting rights information following an allotment of shares under its Share Incentive Plan on 31 March 2026. The company now has 1,024,702,777 issued ordinary shares in circulation, each carrying one vote, a...
Regulatory Filings and Compliance
3i Group Executive Peter Wirtz Buys £585k in Company Shares
Positive
Mar 31, 2026
3i Group plc disclosed that Peter Wirtz, a person discharging managerial responsibilities at the firm, purchased 25,000 ordinary shares in the company on 30 March 2026. The transaction, executed on the London Stock Exchange at £23.3889 per sh...
Regulatory Filings and Compliance
3i CEO Simon Borrows and Family Trusts Buy 350,147 Shares
Positive
Mar 30, 2026
3i Group plc disclosed that chief executive and director Simon Borrows, together with a series of family trusts classified as Persons Closely Associated, purchased a total of 350,147 ordinary shares in the company on 26 March 2026. The shares were...
Delistings and Listing ChangesPrivate Placements and Financing
3i Group Expands Listed Share Capital on London Stock Exchange
Neutral
Mar 27, 2026
3i Group plc has admitted 31,365,846 additional ordinary shares to trading on the main market for listed securities of the London Stock Exchange. This raises the total number of its ordinary shares in issue and admitted to trading to 1,024,701,366...
Business Operations and StrategyDividendsFinancial Disclosures
3i Group Showcases Action’s Strong Growth and Maps U.S. Expansion Plans
Positive
Mar 26, 2026
3i Group highlighted the strong performance of its flagship portfolio company Action, a European non-food discount retailer, which delivered robust sales and EBITDA growth in its 2025 financial year and maintained healthy margins while expanding i...
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.