HAL TRUST (HAL.AS) Fundamental Analysis & Valuation
AMS:HAL • BMG455841020
Current stock price
169.2 EUR
+0.2 (+0.12%)
Last:
This HAL.AS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. HAL.AS Profitability Analysis
1.1 Basic Checks
- HAL had positive earnings in the past year.
- In the past year HAL had a positive cash flow from operations.
- In the past 5 years HAL has always been profitable.
- In the past 5 years HAL always reported a positive cash flow from operatings.
1.2 Ratios
- HAL's Return On Assets of 5.67% is amongst the best of the industry. HAL outperforms 86.54% of its industry peers.
- HAL has a better Return On Equity (10.22%) than 67.31% of its industry peers.
- The Return On Invested Capital of HAL (6.95%) is better than 73.08% of its industry peers.
- HAL had an Average Return On Invested Capital over the past 3 years of 6.09%. This is below the industry average of 9.16%.
- The last Return On Invested Capital (6.95%) for HAL is above the 3 year average (6.09%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.67% | ||
| ROE | 10.22% | ||
| ROIC | 6.95% |
ROA(3y)4.63%
ROA(5y)7.04%
ROE(3y)8.57%
ROE(5y)13.01%
ROIC(3y)6.09%
ROIC(5y)4.8%
1.3 Margins
- HAL has a Profit Margin (12.46%) which is comparable to the rest of the industry.
- HAL's Profit Margin has been stable in the last couple of years.
- HAL has a Operating Margin of 14.71%. This is comparable to the rest of the industry: HAL outperforms 55.77% of its industry peers.
- HAL's Operating Margin has improved in the last couple of years.
- Looking at the Gross Margin, with a value of 58.72%, HAL is in the better half of the industry, outperforming 61.54% of the companies in the same industry.
- In the last couple of years the Gross Margin of HAL has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.71% | ||
| PM (TTM) | 12.46% | ||
| GM | 58.72% |
OM growth 3Y23.91%
OM growth 5Y11.84%
PM growth 3Y24.61%
PM growth 5Y1.26%
GM growth 3Y5.26%
GM growth 5Y-1.56%
2. HAL.AS Health Analysis
2.1 Basic Checks
- HAL has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- HAL has about the same amout of shares outstanding than it did 1 year ago.
- HAL has about the same amout of shares outstanding than it did 5 years ago.
- Compared to 1 year ago, HAL has an improved debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 1.70, we must say that HAL is in the distress zone and has some risk of bankruptcy.
- HAL's Altman-Z score of 1.70 is in line compared to the rest of the industry. HAL outperforms 57.69% of its industry peers.
- HAL has a debt to FCF ratio of 3.14. This is a good value and a sign of high solvency as HAL would need 3.14 years to pay back of all of its debts.
- HAL's Debt to FCF ratio of 3.14 is fine compared to the rest of the industry. HAL outperforms 73.08% of its industry peers.
- A Debt/Equity ratio of 0.28 indicates that HAL is not too dependend on debt financing.
- HAL has a better Debt to Equity ratio (0.28) than 65.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 3.14 | ||
| Altman-Z | 1.7 |
ROIC/WACC0.9
WACC7.7%
2.3 Liquidity
- A Current Ratio of 1.51 indicates that HAL should not have too much problems paying its short term obligations.
- With a Current ratio value of 1.51, HAL perfoms like the industry average, outperforming 59.62% of the companies in the same industry.
- HAL has a Quick Ratio of 1.33. This is a normal value and indicates that HAL is financially healthy and should not expect problems in meeting its short term obligations.
- The Quick ratio of HAL (1.33) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.51 | ||
| Quick Ratio | 1.33 |
3. HAL.AS Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an impressive 32.07% over the past year.
- Measured over the past years, HAL shows a very strong growth in Earnings Per Share. The EPS has been growing by 20.43% on average per year.
- The Revenue has been growing slightly by 1.96% in the past year.
- The Revenue has been growing by 19.22% on average over the past years. This is quite good.
EPS 1Y (TTM)32.07%
EPS 3Y34.72%
EPS 5Y20.43%
EPS Q2Q%-18.08%
Revenue 1Y (TTM)1.96%
Revenue growth 3Y8.47%
Revenue growth 5Y19.22%
Sales Q2Q%-4.8%
3.2 Future
- The Earnings Per Share is expected to grow by 0.65% on average over the next years.
- Based on estimates for the next years, HAL will show a small growth in Revenue. The Revenue will grow by 6.86% on average per year.
EPS Next Y-1.27%
EPS Next 2Y-4.22%
EPS Next 3Y0.65%
EPS Next 5YN/A
Revenue Next Year8.02%
Revenue Next 2Y9.66%
Revenue Next 3Y6.86%
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. HAL.AS Valuation Analysis
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 9.57 indicates a reasonable valuation of HAL.
- Based on the Price/Earnings ratio, HAL is valued a bit cheaper than the industry average as 76.92% of the companies are valued more expensively.
- HAL's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.54.
- A Price/Forward Earnings ratio of 12.34 indicates a correct valuation of HAL.
- Based on the Price/Forward Earnings ratio, HAL is valued a bit cheaper than 61.54% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 21.68. HAL is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.57 | ||
| Fwd PE | 12.34 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, HAL is valued a bit cheaper than the industry average as 76.92% of the companies are valued more expensively.
- Based on the Price/Free Cash Flow ratio, HAL is valued a bit cheaper than 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.01 | ||
| EV/EBITDA | 4.65 |
4.3 Compensation for Growth
- HAL has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.47
EPS Next 2Y-4.22%
EPS Next 3Y0.65%
5. HAL.AS Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 2.04%, HAL has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 2.39, HAL pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, HAL has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.04% |
5.2 History
- The dividend of HAL has a limited annual growth rate of 1.41%.
Dividend Growth(5Y)1.41%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
- HAL pays out 16.40% of its income as dividend. This is a sustainable payout ratio.
- The dividend of HAL is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP16.4%
EPS Next 2Y-4.22%
EPS Next 3Y0.65%
HAL.AS Fundamentals: All Metrics, Ratios and Statistics
AMS:HAL (4/30/2026, 10:31:51 AM)
169.2
+0.2 (+0.12%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Industry StrengthN/A
Industry GrowthN/A
Earnings (Last)03-27 2026-03-27
Earnings (Next)N/A N/A
Inst Owners1.27%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap15.29B
Revenue(TTM)12.81B
Net Income(TTM)1.60B
Analysts80
Price Target182.58 (7.91%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.04% |
Yearly Dividend2.9
Dividend Growth(5Y)1.41%
DP16.4%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)1.13%
PT rev (3m)9.15%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.53%
EPS NY rev (3m)-7.38%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)4.05%
Revenue NY rev (3m)1.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.57 | ||
| Fwd PE | 12.34 | ||
| P/S | 1.19 | ||
| P/FCF | 10.01 | ||
| P/OCF | 5.7 | ||
| P/B | 0.98 | ||
| P/tB | 1.23 | ||
| EV/EBITDA | 4.65 |
EPS(TTM)17.68
EY10.45%
EPS(NY)13.71
Fwd EY8.1%
FCF(TTM)16.9
FCFY9.99%
OCF(TTM)29.69
OCFY17.55%
SpS141.77
BVpS172.94
TBVpS137.86
PEG (NY)N/A
PEG (5Y)0.47
Graham Number262.29 (55.02%)
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.67% | ||
| ROE | 10.22% | ||
| ROCE | 8.41% | ||
| ROIC | 6.95% | ||
| ROICexc | 8.9% | ||
| ROICexgc | 10.82% | ||
| OM | 14.71% | ||
| PM (TTM) | 12.46% | ||
| GM | 58.72% | ||
| FCFM | 11.92% |
ROA(3y)4.63%
ROA(5y)7.04%
ROE(3y)8.57%
ROE(5y)13.01%
ROIC(3y)6.09%
ROIC(5y)4.8%
ROICexc(3y)7.76%
ROICexc(5y)6.3%
ROICexgc(3y)9.66%
ROICexgc(5y)7.85%
ROCE(3y)7.36%
ROCE(5y)5.84%
ROICexgc growth 3Y26.22%
ROICexgc growth 5Y28.24%
ROICexc growth 3Y29.05%
ROICexc growth 5Y25.84%
OM growth 3Y23.91%
OM growth 5Y11.84%
PM growth 3Y24.61%
PM growth 5Y1.26%
GM growth 3Y5.26%
GM growth 5Y-1.56%
F-Score7
Asset Turnover0.46
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 3.14 | ||
| Debt/EBITDA | 1.45 | ||
| Cap/Depr | 107.43% | ||
| Cap/Sales | 9.02% | ||
| Interest Coverage | 9.78 | ||
| Cash Conversion | 90.63% | ||
| Profit Quality | 95.63% | ||
| Current Ratio | 1.51 | ||
| Quick Ratio | 1.33 | ||
| Altman-Z | 1.7 |
F-Score7
WACC7.7%
ROIC/WACC0.9
Cap/Depr(3y)98.48%
Cap/Depr(5y)89.56%
Cap/Sales(3y)9.57%
Cap/Sales(5y)9.49%
Profit Quality(3y)109.64%
Profit Quality(5y)86.49%
High Growth Momentum
Growth
EPS 1Y (TTM)32.07%
EPS 3Y34.72%
EPS 5Y20.43%
EPS Q2Q%-18.08%
EPS Next Y-1.27%
EPS Next 2Y-4.22%
EPS Next 3Y0.65%
EPS Next 5YN/A
Revenue 1Y (TTM)1.96%
Revenue growth 3Y8.47%
Revenue growth 5Y19.22%
Sales Q2Q%-4.8%
Revenue Next Year8.02%
Revenue Next 2Y9.66%
Revenue Next 3Y6.86%
Revenue Next 5YN/A
EBIT growth 1Y24.64%
EBIT growth 3Y34.4%
EBIT growth 5Y33.34%
EBIT Next Year61.11%
EBIT Next 3Y20.28%
EBIT Next 5YN/A
FCF growth 1Y17.15%
FCF growth 3Y40.14%
FCF growth 5Y7.49%
OCF growth 1Y2.25%
OCF growth 3Y23.09%
OCF growth 5Y6.92%
HAL TRUST / HAL.AS Fundamental Analysis FAQ
Can you provide the ChartMill fundamental rating for HAL TRUST?
ChartMill assigns a fundamental rating of 5 / 10 to HAL.AS.
What is the valuation status of HAL TRUST (HAL.AS) stock?
ChartMill assigns a valuation rating of 5 / 10 to HAL TRUST (HAL.AS). This can be considered as Fairly Valued.
How profitable is HAL TRUST (HAL.AS) stock?
HAL TRUST (HAL.AS) has a profitability rating of 6 / 10.
What are the PE and PB ratios of HAL TRUST (HAL.AS) stock?
The Price/Earnings (PE) ratio for HAL TRUST (HAL.AS) is 9.57 and the Price/Book (PB) ratio is 0.98.
What is the earnings growth outlook for HAL TRUST?
The Earnings per Share (EPS) of HAL TRUST (HAL.AS) is expected to decline by -1.27% in the next year.