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3i Group plc
(LSE:III)
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Rating:72Outperform
Price Target:
3,076.00 p
▲(8.16% Upside)
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
Low debt relative to equity gives 3i substantial financial flexibility and reduces balance-sheet strain when investment markets are difficult. The long-term expansion in equity and assets also supports its capacity to fund investments and withstand uneven realization conditions.
Negative Factors
Revenue volatility
The sharp 2026 revenue decline shows that reported performance can be highly sensitive to portfolio marks, exits and investment conditions. Such lumpy revenue makes year-to-year comparisons less reliable and reduces confidence that recent earnings levels will persist consistently.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low debt relative to equity gives 3i substantial financial flexibility and reduces balance-sheet strain when investment markets are difficult. The long-term expansion in equity and assets also supports its capacity to fund investments and withstand uneven realization conditions.
Read all positive factors
3i Group plc (III) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£28.23B
Dividend Yield3.05%
Average Volume (3M)2.02M
Price to Earnings (P/E)5.2
Beta (1Y)1.51
Revenue Growth-25.49%
EPS Growth3.34%
CountryUK
Employees223
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)5.37
Shares Outstanding1,025,449,300
10 Day Avg. Volume2,105,646
30 Day Avg. Volume2,015,088
Financial Highlights & Ratios
PEG Ratio1.39
Price to Book (P/B)0.77
Price to Sales (P/S)4.29
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
£3,293.00Price Target Upside15.79% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)5.15
Revenue Forecast (FY)£5.09B
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 plc makes money primarily through (1) returns on its investment portfolio and (2) fee income from managing third-party capital.
1) Investment returns (principal driver):
- Capital gains on realizations: 3i invests its own balance-sheet c...
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 | 5.58B | 5.14B | 3.98B | 4.75B | 4.16B |
| Gross Profit | 5.58B | 5.14B | 3.98B | 4.75B | 4.16B |
| EBITDA | 5.45B | 5.00B | 3.82B | 4.60B | 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
2844.00
Price Trends
2738.00
Positive
2547.88
Positive
2794.28
Negative
Market Momentum
19.03
Positive
47.83
Neutral
24.88
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 2844 is above the 20-day moving average (MA) of 2819.20, above the 50-day MA of 2738.00, and above the 200-day MA of 2794.28, indicating a neutral trend. The MACD of 19.03 indicates Positive momentum. The RSI at 47.83 is Neutral, neither overbought nor oversold. The STOCH value of 24.88 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 (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | £9.07B | 13.30 | 15.55% | 3.76% | 17.81% | 93.71% | |
72 Outperform | £28.23B | 5.16 | 17.91% | 3.05% | -25.49% | 3.34% | |
72 Outperform | £4.10B | 12.22 | 28.08% | 6.27% | 9.80% | 1.81% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | £5.55B | 11.65 | 18.00% | 4.47% | 6.46% | 6.47% | |
56 Neutral | £16.03B | 25.47 | 27.28% | 7.41% | 136.58% | 192.71% | |
55 Neutral | £8.51B | -77.53 | -3.86% | 5.74% | 67.89% | -87.40% |
* Financial Sector Average
GB:III
3i Group plc
2,790.00
-1,063.23
-27.59%
GB:ICG
ICG plc
1,931.00
-159.49
-7.63%
GB:LGEN
Legal & General
293.60
78.24
36.33%
GB:SDR
Schroders
585.00
228.94
64.30%
GB:MNG
M&G Plc
360.00
120.83
50.52%
GB:N91
Ninety One
213.60
32.62
18.02%
3i Group plc Corporate Events
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
3i Group Boosts Stake in Action Parent via New Share Issuance
Positive
Sep 7, 2026
3i Group plc has applied for the admission to trading of 3,389,331 new ordinary shares on the London Stock Exchange, with listing expected at 08:00am on 8 September 2026. These shares, issued at an implied price aligned with the company’s 30...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
3i Group Advances £750m Share Buyback, Cuts Voting Rights to 1.02bn
Positive
Sep 7, 2026
3i Group plc has continued executing its previously announced £750 million share buyback programme, repurchasing and cancelling just under one million ordinary shares on the London Stock Exchange between 1 and 4 September 2026. The trades wer...
Business Operations and StrategyStock Buyback
3i Group Advances £750m Buyback, Cuts Share Count and Voting Rights
Positive
Sep 7, 2026
3i Group plc has continued executing its £750 million share buyback programme, repurchasing and cancelling just over 956,000 ordinary shares on the London Stock Exchange between 1 and 4 September 2026 at volume-weighted average prices around ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
3i Group Advances £750 Million Share Buyback, Cuts Share Count
Positive
Sep 1, 2026
3i Group plc has continued its previously announced £750 million share buyback programme, repurchasing and cancelling several tranches of ordinary shares on the London Stock Exchange through Barclays Capital Securities. These transactions red...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
3i Group Expands Share Capital With New London Listing
Positive
Aug 28, 2026
3i Group plc has admitted 21,036,717 additional ordinary shares to trading on the main market of the London Stock Exchange. The new shares, issued on 28 August 2026 and fully fungible with existing stock, bring the total number of 3i shares admitt...
Regulatory Filings and Compliance
3i Group Updates Share Capital and Total Voting Rights
Neutral
Aug 28, 2026
3i Group plc has increased its issued share capital following the allotment of 21,034,845 new ordinary shares, which have been admitted to trading on the London Stock Exchange. As of 28 August 2026, the company now has 1,025,863,113 ordinary share...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
3i Group Issues New Shares to Boost Co-Investment Stake and Updates Voting Rights
Positive
Aug 27, 2026
3i Group plc has applied to the London Stock Exchange for the admission of 21,034,845 new ordinary shares, which will begin trading on 28 August 2026 and are subject to a nine-month lock-up. The shares are being issued at an implied price aligned ...
Stock BuybackRegulatory Filings and Compliance
3i Group Cuts Share Count Further as £750m Buyback Accelerates
Positive
Aug 24, 2026
3i Group plc has continued executing its £750 million share buyback programme, repurchasing and cancelling more than one million ordinary shares on the London Stock Exchange between 17 and 21 August 2026. The trades, conducted via Barclays Ca...
Stock Buyback
3i Group Advances £750m Buyback, Cancels Over 18m Shares
Positive
Aug 17, 2026
3i Group plc has continued its £750 million share buyback programme, repurchasing and cancelling just over 1 million ordinary shares on the London Stock Exchange between 10 and 14 August 2026. The purchases were executed through Barclays Capi...
Business Operations and StrategyExecutive/Board Changes
3i Group Director Receives Performance-Based Share Award Vesting
Positive
Aug 12, 2026
3i Group plc has disclosed that director Simon Borrows has acquired a beneficial interest in 155,184 ordinary shares at nil cost following the vesting of a performance share award granted under the company’s discretionary share plan in 2023....
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
3i Group Advances £750m Buyback, Cuts Share Count and Voting Rights
Positive
Aug 10, 2026
3i Group plc has continued executing its £750 million share buyback programme, repurchasing and cancelling over 913,000 ordinary shares on the London Stock Exchange between 3 and 7 August 2026 via Barclays Capital Securities. Following these ...
Other
3i Group Directors Increase Holdings in Insider Share Purchases
Positive
Aug 4, 2026
3i Group plc disclosed that several directors and persons discharging managerial responsibilities purchased ordinary shares in the company on 3 August 2026 at a price of £29.20 per share. The transactions, executed on the London Stock Exchang...
Dividends
3i Group Directors Boost Holdings Through Dividend Reinvestment
Positive
Aug 3, 2026
3i Group plc has reported that several directors and persons discharging managerial responsibilities acquired additional ordinary shares in the company through its Share Incentive Plan. The shares were purchased on 31 July 2026 via dividend reinve...
Business Operations and StrategyStock BuybackFinancial Disclosures
3i Group Advances £750m Buyback, Cuts Voting Share Count
Positive
Aug 3, 2026
3i Group plc has continued execution of its £750 million share buyback programme, repurchasing and cancelling 431,572 ordinary shares between 27 and 31 July 2026 on the London Stock Exchange through Barclays Capital Securities. The transactio...
Other
3i Group Adds New Shares Under Block Admission on LSE
Neutral
Jul 31, 2026
3i Group plc is a London-listed investment company operating in the financial services sector, with its ordinary shares traded on the main market of the London Stock Exchange. The company issues fully fungible ordinary shares, contributing to a la...
Regulatory Filings and Compliance
3i Group Updates Total Voting Rights After Share Allotment
Neutral
Jul 31, 2026
3i Group plc has updated its share capital and voting rights following an allotment of shares under its Share Incentive Plan on 31 July 2026. The company now has 1,008,611,121 issued ordinary shares in circulation, each conferring one vote at gene...
Regulatory Filings and Compliance
3i Director Gifts 65,000 Shares, Triggers Regulatory Disclosure
Neutral
Jul 29, 2026
3i Group plc has disclosed a series of share transfers by director James Hatchley, in line with U.K. Market Abuse Regulation requirements. The London-listed investment group reported that Hatchley gifted a total of 65,000 ordinary shares, includin...
Business Operations and StrategyDelistings and Listing Changes
3i Group Seeks Admission of New Shares to Fund Employee Incentive Plan
Neutral
Jul 28, 2026
3i Group plc has applied to the London Stock Exchange for the admission to trading of 65,000 ordinary shares, each with a nominal value of 73 19/22p, expected to be admitted on 29 July 2026. The new shares are being reserved under a block admissio...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
3i Group Cuts Share Count Further as £750m Buyback Advances
Positive
Jul 27, 2026
3i Group plc has continued executing its £750 million share buyback programme, repurchasing and cancelling 1,065,692 ordinary shares on the London Stock Exchange between 20 and 24 July 2026 at volume-weighted average prices ranging from £...
Business Operations and StrategyStock BuybackFinancial Disclosures
3i Group posts strong Q1 as Action drives growth and NAV gains
Positive
Jul 23, 2026
3i Group reported a solid start to FY2027, with net asset value per share rising to 3,131 pence and a 3% total return in the first quarter despite a £276 million foreign exchange hit, underpinned by strong contributions from its core holdings...
Business Operations and StrategyStock Buyback
3i Group Advances £750m Share Buyback, Cuts Voting Share Count
Positive
Jul 20, 2026
3i Group plc has continued executing its £750 million share buyback programme, repurchasing and cancelling 1,111,525 ordinary shares on the London Stock Exchange between 13 and 17 July 2026 at volume‑weighted average prices ranging from...
Business Operations and StrategyStock Buyback
3i Group Advances £750m Buyback, Cuts Voting Share Count
Positive
Jul 13, 2026
3i Group plc has continued execution of its £750 million share buyback programme, repurchasing and cancelling more than 1.1 million ordinary shares on the London Stock Exchange between 6 and 10 July 2026 through Barclays Capital Securities Li...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
3i Group Advances £750m Buyback, Cuts Voting Shares
Positive
Jul 6, 2026
3i Group plc has continued executing its £750 million share buyback programme, repurchasing and cancelling more than 1.18 million ordinary shares between 29 June and 3 July 2026 on the London Stock Exchange. These transactions, carried out vi...
Regulatory Filings and Compliance
3i Group CEO Reports Share Release and Charitable Share Gift
Positive
Jul 1, 2026
3i Group plc disclosed changes in the shareholdings of its Chief Executive, Simon Borrows, under UK Market Abuse Regulation, reflecting movements related to a prior performance share award. The release also details Borrows’ transfer of 10,00...
Regulatory Filings and Compliance
3i Group Updates Share Count and Total Voting Rights
Neutral
Jun 30, 2026
3i Group plc has updated its total voting rights following the allotment of new shares under the 3i Group Share Incentive Plan, bringing the number of issued ordinary shares to 1,013,381,733, each carrying one vote and with no shares held in treas...
Delistings and Listing ChangesRegulatory Filings and Compliance
3i Group Adds New Ordinary Shares to London Listing via Block Admission
Neutral
Jun 30, 2026
3i Group plc has admitted 2,433 additional ordinary shares to trading on the main market of the London Stock Exchange under an existing block admission facility. The new shares, issued on 30 June 2026, increase the total number of ordinary shares ...
Executive/Board ChangesRegulatory Filings and Compliance
3i Group Awards New Performance Shares to Senior Executives
Positive
Jun 30, 2026
3i Group plc has granted new performance share awards to several directors and senior managers under its 2020 discretionary share plan, allocating a range of share awards that include 158,501 shares to chief executive Simon Borrows and smaller gra...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
3i Group advances £750m buyback, reduces share count and voting rights
Positive
Jun 29, 2026
3i Group plc has continued executing its previously announced £750 million share buyback programme, repurchasing and cancelling more than 1.5 million ordinary shares on the London Stock Exchange between 22 and 26 June 2026 through Barclays Ca...
Executive/Board ChangesShareholder Meetings
3i Group Confirms Departure of Non-Executive Director Stephen Daintith
Neutral
Jun 25, 2026
3i Group plc announced a change to its board of directors following its 2026 Annual General Meeting. Non-executive director Stephen Daintith, who had previously signalled he would not stand for re-election, has now formally stepped down from the b...
Business Operations and StrategyShareholder Meetings
3i Group Secures Shareholder Backing for Special Business at 2026 AGM
Positive
Jun 25, 2026
3i Group plc reported that shareholders approved all resolutions at its 2026 Annual General Meeting, including a series of special business items. The passage of these special resolutions provides the board with continued authority and flexibility...
Business Operations and StrategyStock BuybackDividendsShareholder Meetings
3i Group Wins Strong Shareholder Backing at 2026 AGM, Confirms 48p Final Dividend
Positive
Jun 25, 2026
Shareholders of 3i Group plc approved all resolutions at the 2026 AGM in London, including the receipt of the 2025-26 accounts, the directors’ remuneration report and policy, and a final dividend of 48 pence per ordinary share. The meeting a...
Business Operations and StrategyFinancial DisclosuresShareholder Meetings
3i Group highlights steady portfolio momentum and Action growth at AGM
Positive
Jun 25, 2026
3i Group used its Annual General Meeting to update shareholders on the performance of its portfolio, highlighting steady growth at discount retailer Action. The chain delivered like-for-like sales growth of 3.3% year to date, opened 105 new stores...
Stock Buyback
3i Group Advances £750m Buyback, Cancels Over 9.7m Shares
Positive
Jun 22, 2026
3i Group plc has continued executing its £750 million share buyback programme, repurchasing and cancelling more than 1.8 million ordinary shares on the London Stock Exchange between 15 and 19 June 2026. The transactions, carried out via Barcl...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
3i Group advances £750m buyback, cancels more shares and updates voting rights
Positive
Jun 15, 2026
3i Group plc has continued executing its previously announced £750 million share buyback programme, repurchasing and cancelling more than 2.1 million ordinary shares over five trading days in June on the London Stock Exchange at volume-weight...
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...
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.