3i Group (TGOPY) AI Stock Analysis

• Market Cap: $38.87B
• Dividend Yield: 3.5%
• Average Volume (3M): 551.64K
• Price to Earnings (P/E): 1.5
• Beta (1Y): 0.71
• Revenue Growth: 65.61%
• EPS Growth: 53.67%
• Country: US
• Employees: 249
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 1.12
• Shares Outstanding: 4,098,805,700
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 551,641
• PEG Ratio: 0.23
• Price to Book (P/B): 1.45
• Price to Sales (P/S): 6.75
• P/FCF Ratio: 47.63
• Enterprise Value/Market Cap: 0.78
• Enterprise Value/Revenue: 9.15
• Enterprise Value/Gross Profit: 9.16
• Enterprise Value/Ebitda: 5.20
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 2.12
• Revenue Forecast (FY): $8.99B

• Rating: 77 Outperform
• Price Target: $11.00 ▲(3.97% Upside)
• Action: Reiterated Date: 11/13/25
• Date: Action: Reiterated 11/13/25

3i Group's strong financial performance and positive earnings call sentiment are the primary drivers of its high stock score. The company's robust growth and strategic expansion plans are significant strengths. However, bearish technical indicators and challenges in the French market present risks that temper the overall score.

Positive Factors

Strong Balance Sheet

Minimal leverage and a very high equity ratio give 3i structural financial resilience. Low debt reduces refinancing and interest risk, while a 20%+ ROE shows efficient capital deployment—supporting durable capacity to back new investments, weather downturns, and return capital to shareholders.

Improving Cash Generation

A doubling of free cash flow year-over-year materially strengthens funding for follow-on investments, dividend capacity and debt servicing. While cash conversion is moderate, the large FCF gain provides durable optionality to recycle capital and fund value creation without relying solely on exits.

High-Quality Portfolio Performance

Consistent portfolio-level earnings growth and mid-teens gross returns point to effective selection and active ownership. Action’s strong sales and rapid store expansion are scalable value drivers; combined portfolio breadth and infrastructure exposure support repeatable, long-term return generation for an investment-focused model.

Negative Factors

Portfolio Concentration

A 62% holding in a single asset increases single-name exposure and magnifies group NAV volatility. Heavy reliance on Action amplifies retail and execution risks for the firm, reducing diversification benefits and making medium-term returns sensitive to that asset’s operational or regulatory setbacks.

Regional Consumer Weakness (France)

Sustained softness in France—a key market for Action—can depress sales, margins and store economics for an extended period. Persistent regional weakness slows cash generation and exit timing, creating a structural headwind to realized returns and valuation multiples in the mid-term.

Earnings Cash-Conversion Risk

Low conversion of reported income into operating cash signals reliance on non-cash fair-value gains and timing of disposals. That structure makes earnings and distributable cash lumpy, reducing predictability of dividends and reinvestment capacity absent asset sales or realized exits.

3i Group 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 primarily makes money by generating returns from its investment portfolio rather than by selling traditional operating products or services. Its key earnings sources are: (1) Investment gains and realized proceeds: 3i buys stakes in private companies (and other investments), works with management to grow earnings and cash flows, and later exits through sales to strategic buyers, secondary buyouts, or IPOs. Profits are recognized as realized gains on disposal and as changes in fair value (unrealized gains/losses) of its remaining holdings, which can be a major driver of reported performance. (2) Dividend and interest income: 3i may receive dividends from portfolio companies and, where it provides shareholder loans or other credit-like instruments, interest income; these cash flows contribute to recurring income while it holds investments. (3) Asset management and related fees: Where 3i provides investment management services to third-party vehicles or platforms, it can earn management fees and, depending on the structure and performance, performance-related fees/carried interest; the specific contribution varies by period and depends on the existence and terms of such mandates. (4) Infrastructure exposure via 3i Infrastructure plc: 3i’s ownership stake in 3i Infrastructure plc can generate income through dividends received from that listed vehicle and value changes in the stake, reflecting the underlying infrastructure portfolio’s performance. Overall profitability is influenced by portfolio company operating performance, leverage and financing conditions, exit opportunities and market valuations, foreign exchange movements, and the timing of realizations.

3i Group Financial Statement Overview

Summary

3i Group exhibits strong financial health with impressive growth in revenue and profits. The balance sheet is solid with low leverage, and cash flows are robust, supporting ongoing operations and potential expansions. The company’s financial position is stable, with high profitability and efficient operations, positioning it well for future growth.

Income Statement

The company has shown strong revenue growth, with a 32.24% increase in the latest year over the previous. The gross profit and net profit margins are extraordinarily high, both exceeding 95%, indicating efficient operations and cost management. EBIT and EBITDA margins are also robust, suggesting strong operational performance.

Balance Sheet

The company’s balance sheet is strong with a low debt-to-equity ratio of 0.05, indicating minimal leverage. The return on equity is exceptional at 20.47%, showing effective use of shareholder equity to generate profits. The equity ratio of 94.47% suggests a solid capital structure with significant equity financing.

Cash Flow

Cash flows are healthy with a significant increase in free cash flow from the previous year, showing a growth rate of 105.76%. The operating cash flow to net income ratio is 0.15, which reflects a moderate conversion of net income into cash. The free cash flow to net income ratio of 0.15 also indicates moderate free cash flow generation relative to net income.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	3.29B	5.27B	3.98B	606.00M	714.00M	238.00M
Gross Profit	3.29B	5.19B	3.98B	562.00M	661.00M	225.00M
EBITDA	5.80B	5.05B	3.82B	4.61B	4.03B	1.87B
Net Income	6.27B	5.04B	3.84B	4.57B	4.01B	1.85B
Balance Sheet
Total Assets	29.64B	26.06B	21.64B	17.82B	13.95B	10.33B
Cash, Cash Equivalents and Short-Term Investments	408.00M	412.00M	358.00M	162.00M	212.00M	216.00M
Total Debt	1.25B	1.24B	49.00M	785.00M	989.00M	992.00M
Total Liabilities	1.42B	1.45B	1.47B	975.00M	1.19B	1.17B
Stockholders Equity	28.23B	24.61B	20.17B	16.84B	12.75B	9.16B
Cash Flow
Free Cash Flow	372.96M	747.00M	363.00M	185.00M	132.00M	-66.00M
Operating Cash Flow	386.96M	763.00M	366.00M	186.00M	132.00M	-65.00M
Investing Cash Flow	382.07M	-16.00M	-3.00M	486.00M	306.00M	-541.00M
Financing Cash Flow	-739.00M	-690.00M	-164.00M	-719.00M	-446.00M	53.00M

3i Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 10.58
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TGOPY, the sentiment is Negative. The current price of 10.58 is above the 20-day moving average (MA) of 10.44, below the 50-day MA of 10.82, and below the 200-day MA of 12.51, indicating a bearish trend. The MACD of -0.37 indicates Positive momentum. The RSI at 35.76 is Neutral, neither overbought nor oversold. The STOCH value of 33.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TGOPY.

3i Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TGOPY	77 Outperform	$38.87B	1.53	23.76%	3.50%	65.61%	53.67%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
BX	65 Neutral	$138.76B	39.87	36.17%	3.02%	33.12%	19.86%
ARES	64 Neutral	$34.91B	66.62	12.01%	2.65%	50.70%	7.32%
CG	60 Neutral	$17.24B	26.29	14.18%	2.30%	-24.62%	437.16%
TPG	59 Neutral	$15.82B	31.80	16.10%	3.03%	25.02%	235.70%
KKR	57 Neutral	$80.80B	24.79	8.15%	0.56%	-33.80%	-24.81%