3i Group plc (TGOPF)
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3i Group plc - Special Call
3i Group plc - Special Call Company Participants Simon Borrows - CEO & Executive Director Rupert Howard - Partner Silvia Santoro - Group Investor Relations & Sustainability Strategy Director Peter Wirtz - Head of Private Equity & Senior Partner Conference Call Participants Gregory Simpson - BNP Paribas Exane, Research Division Manjari Dhar - RBC Capital Markets, Research Division Andrew Lowe - Citigroup Inc., Research Division Ashton Olds - Rothschild & Co Redburn, Research Division Conversation Operator Good day, and thank you for standing by. [Operator Instructions] Welcome to the 3i Group plc Capital Markets Seminar.
3i Group: A Hidden Growth Gem In Europe
3i Group plc offers exceptional long-term growth potential, driven by its majority stake in Action, a rapidly expanding European discount retailer. Action's proven, scalable business model and aggressive yet disciplined expansion strategy underpin 3i Group's impressive NAV and earnings growth. Despite concentration risk in Action, I believe the company's growth runway remains strong, with further European market penetration and possible new geographies.
3i Group plc (TGOPF) Q4 2025 Earnings Call Transcript
3i Group plc (OTCPK:TGOPF) Q4 2025 Results Conference Call May 15, 2025 5:00 AM ET Company Participants Simon Borrows - Chief Executive Officer James Hatchley - Group Finance Director & Member of the Board of Director Silvia Santoro - Group Investor Relations Conference Call Participants Manjari Dhar - RBC Capital Markets Hubert Lam - Bank of America Bruce Hamilton - Morgan Stanley Andrew Lowe - Citigroup Gregory Simpson - BNP Paribas Exane Chris Brown - JPMorgan Simon Borrows Good morning. Welcome to 3i's FY '25 annual results presentation.
3i Group: Value Retailer Action Might Justify The High Valuation
3i Group largely consists of its major portfolio position: A 57.9% ownership stake in European value-retail chain Action. Mr. Market seems to value 3i's Action stake at close to £31 billion. Action's impressive financial performance and growth trajectory in Europe leads me to believe that it can justify the high expectations.
3i Group: Action's Business Model Is A No-Brainer
Action's aggressive expansion and strong buying power have driven its rapid growth, with plans to triple its European store count and enter new markets. The retailer's strategy of offering low-priced, high-turnover items and the straightforward, high quality business model should fuel future growth. Despite some skepticism about its high valuation, Action's consistent earnings growth and cross-border scalability alone make 3i a compelling investment.
3i Group: Europe's Undervalued Gem
Just one holding of 3i's portfolio - Action - justifies the current valuation. The fast-growing European discount retailer continues to grow by expanding into Switzerland, Hungary and the US. A DCF analysis suggests 3i could be undervalued by up to 57%, justifying a strong buy rating despite recent stock performance.
