Added to YB: 2026-03-03
Pitch date: 2026-02-28
III.L [neutral]
3i Group plc
-1.94%
current return
Author Info
The Dutch Investors are a team of four seasoned, passionate inversores uncovering the world's top businesses. They bring you 52 in-depth stock analyses each year! Sign up for the newsletter.
Company Info
3i Group plc is a private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins.
Market Cap
GBP 33.8B
Pitch Price
GBP 32.97
Price Target
44.88 (+35%)
Dividend
2.38%
EV/EBITDA
5.35
P/E
5.12
EV/Sales
5.24
Sector
Capital Markets
Category
growth
3i Group Deep Dive
III.L (deep dive): Action, 3i's crown jewel (90% of PE GIR, 70% portfolio value), grew rev 26% CAGR since '11 buyout, now 3000+ stores. Payback <1yr/store. Scale economies shared moat: cheapest pricing + decent quality → 81% EBITDA cash conversion, 15% margin. Room to grow: NL has 1 store/43k citizens vs France 1/80k, Germany 1/143k. Mgmt owns £585M+ shares. NAV £24.6B vs £39B mcap. Bull: Action deserves >18.5x EBITDA multiple, EU expansion, potential spinoff. Risk: competition, capital allocation shifts. Est 8-12% annual return next 5yrs if Action hits £73.7B fair value by '29
Read full article (20 min)