3i Group PLC (GB:III)
LSE:III
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3i Group plc
(LSE:III)
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Rating:78Outperform
Price Target:
2,648.00 p
▲(13.99% Upside)
Action:ReiteratedDate: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
Portfolio returns & NAV growth
3i's reported 13% total return and rising NAV reflect durable value creation across private equity and infrastructure (14% and 9% gross returns). Sustained portfolio earnings growth underpins realizations, recurring management fees and long-term capital appreciation potential.
Negative Factors
Concentration risk in Action
Holding over 60% exposure to a single portfolio company concentrates 3i's NAV and return profile. While Action's growth has driven returns, such concentration amplifies idiosyncratic risk: operational, refinancing or regional shocks to Action would disproportionately affect 3i's outcomes.
Read all positive and negative factors
Positive Factors
Negative Factors
Portfolio returns & NAV growth
3i's reported 13% total return and rising NAV reflect durable value creation across private equity and infrastructure (14% and 9% gross returns). Sustained portfolio earnings growth underpins realizations, recurring management fees and long-term capital appreciation potential.
Read all positive factors
3i Group plc (III) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£23.65B
Dividend Yield2.44%
Average Volume (3M)1.81M
Price to Earnings (P/E)3.0
Beta (1Y)1.03
Revenue Growth62.80%
EPS Growth48.86%
CountryUK
Employees249
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)3.40
Shares Outstanding1,024,701,400
10 Day Avg. Volume1,719,832
30 Day Avg. Volume1,814,927
Financial Highlights & Ratios
PEG Ratio-0.43
Price to Book (P/B)1.33
Price to Sales (P/S)6.77
P/FCF Ratio74.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£3,539.17Price Target Upside52.35% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)6.19
Revenue Forecast (FY)£6.61B
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 man...
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 a...
3i Group plc Earnings Call Summary
Earnings Call Date:Nov 13, 2025
(Q2-2026)
| % Change Since: |
Next Earnings Date:May 14, 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
92
Very Positive
Balance Sheet
85
Very Positive
Cash Flow
88
Very Positive
| 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
Negative
2323.00
Price Trends
3133.86
Negative
3226.26
Negative
3656.22
Negative
Market Momentum
-190.36
Positive
25.13
Positive
19.61
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 2323 is below the 20-day moving average (MA) of 2867.10, below the 50-day MA of 3133.86, and below the 200-day MA of 3656.22, indicating a bearish trend. The MACD of -190.36 indicates Positive momentum. The RSI at 25.13 is Positive, neither overbought nor oversold. The STOCH value of 19.61 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
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | £23.65B | 3.00 | 23.76% | 2.44% | 62.80% | 48.86% | |
78 Outperform | £4.15B | 5.71 | 41.35% | 5.93% | 4.28% | 5.18% | |
76 Outperform | £8.88B | 11.95 | 12.35% | 5.37% | 4.78% | -4.86% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | £4.19B | 5.37 | 23.35% | 4.13% | 28.34% | 44.04% | |
52 Neutral | £6.47B | 22.80 | 9.49% | 7.09% | 9.86% | -134.41% | |
48 Neutral | £13.52B | 30.04 | 6.81% | 8.29% | -38.98% | -31.14% |
* Financial Sector Average
GB:III
3i Group plc
2,323.00
-1,215.64
-34.35%
GB:ICG
ICG plc
1,494.00
-379.48
-20.26%
GB:LGEN
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240.60
18.01
8.09%
GB:SDR
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572.50
239.13
71.73%
GB:MNG
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272.80
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47.85%
GB:N91
Ninety One
224.20
88.81
65.60%
3i Group plc Corporate Events
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...
Executive/Board ChangesRegulatory Filings and Compliance
3i Group Discloses Director Share Awards Under Incentive Plan
Neutral
Mar 2, 2026
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 pur...
Regulatory Filings and Compliance
3i Group Updates Total Voting Rights After Share Incentive Allotment
Neutral
Feb 27, 2026
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...
Executive/Board Changes
3i Director Stephen Daintith Joins Kingfisher Board as Non-Executive Director
Neutral
Feb 3, 2026
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...
Regulatory Filings and Compliance
3i Group Directors Increase Stakes Through Share Incentive Plan Awards
Positive
Jan 30, 2026
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 ...
Regulatory Filings and Compliance
3i Group Updates Total Voting Rights After New Share Allotment
Neutral
Jan 30, 2026
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....
Regulatory Filings and Compliance
3i Group CEO Simon Borrows Increases Stake with £1m Share Purchase
Positive
Jan 29, 2026
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, report...
Business Operations and StrategyFinancial Disclosures
3i Group Lifts NAV and Deepens Bet on Action After Another Strong Quarter
Positive
Jan 29, 2026
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. Th...
Business Operations and StrategyRegulatory Filings and Compliance
3i Group Directors Increase Holdings Through Share Incentive Plan
Positive
Jan 7, 2026
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 m...
Regulatory Filings and Compliance
3i Group Updates Market on Total Voting Rights After Share Allotment
Neutral
Jan 6, 2026
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 ...
Business Operations and StrategyRegulatory Filings and Compliance
3i Group Confirms No Exposure to Certain Closed-Ended Investment Funds at Year-End 2025
Positive
Jan 2, 2026
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 liste...
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.