HAL TRUST (HAL.AS) Fundamental Analysis & Valuation

AMS:HAL • BMG455841020

Current stock price

176 EUR
+7.2 (+4.27%)
Last:

This HAL.AS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. HAL.AS Profitability Analysis

1.1 Basic Checks

  • In the past year HAL was profitable.
  • In the past year HAL had a positive cash flow from operations.
  • HAL had positive earnings in each of the past 5 years.
  • HAL had a positive operating cash flow in each of the past 5 years.
HAL.AS Yearly Net Income VS EBIT VS OCF VS FCFHAL.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

1.2 Ratios

  • HAL's Return On Assets of 6.27% is amongst the best of the industry. HAL outperforms 83.93% of its industry peers.
  • With a decent Return On Equity value of 11.44%, HAL is doing good in the industry, outperforming 66.07% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 7.40%, HAL is in the better half of the industry, outperforming 69.64% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for HAL is significantly below the industry average of 11.16%.
  • The last Return On Invested Capital (7.40%) for HAL is above the 3 year average (4.86%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 6.27%
ROE 11.44%
ROIC 7.4%
ROA(3y)3.55%
ROA(5y)6.52%
ROE(3y)6.82%
ROE(5y)12.52%
ROIC(3y)4.86%
ROIC(5y)3.96%
HAL.AS Yearly ROA, ROE, ROICHAL.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

1.3 Margins

  • HAL has a Profit Margin (13.14%) which is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of HAL has declined.
  • HAL has a Operating Margin (15.22%) which is in line with its industry peers.
  • HAL's Operating Margin has improved in the last couple of years.
  • HAL's Gross Margin of 58.42% is in line compared to the rest of the industry. HAL outperforms 57.14% of its industry peers.
  • HAL's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 15.22%
PM (TTM) 13.14%
GM 58.42%
OM growth 3Y6.91%
OM growth 5Y4.41%
PM growth 3Y-45.09%
PM growth 5Y-5.6%
GM growth 3Y-1.5%
GM growth 5Y-4.02%
HAL.AS Yearly Profit, Operating, Gross MarginsHAL.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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5

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.
  • Compared to 1 year ago, HAL has about the same amount of shares outstanding.
  • The number of shares outstanding for HAL has been increased compared to 5 years ago.
  • Compared to 1 year ago, HAL has an improved debt to assets ratio.
HAL.AS Yearly Shares OutstandingHAL.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
HAL.AS Yearly Total Debt VS Total AssetsHAL.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B 25B

2.2 Solvency

  • Based on the Altman-Z score of 1.72, we must say that HAL is in the distress zone and has some risk of bankruptcy.
  • HAL has a better Altman-Z score (1.72) than 60.71% of its industry peers.
  • HAL has a debt to FCF ratio of 4.10. This is a neutral value as HAL would need 4.10 years to pay back of all of its debts.
  • The Debt to FCF ratio of HAL (4.10) is better than 67.86% of its industry peers.
  • A Debt/Equity ratio of 0.31 indicates that HAL is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.31, HAL is in the better half of the industry, outperforming 64.29% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.31
Debt/FCF 4.1
Altman-Z 1.72
ROIC/WACC0.95
WACC7.77%
HAL.AS Yearly LT Debt VS Equity VS FCFHAL.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B

2.3 Liquidity

  • HAL has a Current Ratio of 1.48. This is a normal value and indicates that HAL is financially healthy and should not expect problems in meeting its short term obligations.
  • The Current ratio of HAL (1.48) is better than 60.71% of its industry peers.
  • A Quick Ratio of 1.30 indicates that HAL should not have too much problems paying its short term obligations.
  • HAL's Quick ratio of 1.30 is fine compared to the rest of the industry. HAL outperforms 62.50% of its industry peers.
Industry RankSector Rank
Current Ratio 1.48
Quick Ratio 1.3
HAL.AS Yearly Current Assets VS Current LiabilitesHAL.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. HAL.AS Growth Analysis

3.1 Past

  • HAL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 79.49%, which is quite impressive.
  • HAL shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.47% yearly.
  • Looking at the last year, HAL shows a small growth in Revenue. The Revenue has grown by 4.38% in the last year.
  • Measured over the past years, HAL shows a quite strong growth in Revenue. The Revenue has been growing by 19.38% on average per year.
EPS 1Y (TTM)79.49%
EPS 3Y-34.15%
EPS 5Y12.47%
EPS Q2Q%100.95%
Revenue 1Y (TTM)4.38%
Revenue growth 3Y19.62%
Revenue growth 5Y19.38%
Sales Q2Q%8.95%

3.2 Future

  • Based on estimates for the next years, HAL will show a decrease in Earnings Per Share. The EPS will decrease by -9.02% on average per year.
  • Based on estimates for the next years, HAL will show a small growth in Revenue. The Revenue will grow by 2.94% on average per year.
EPS Next Y-22.05%
EPS Next 2Y-12.87%
EPS Next 3Y-9.02%
EPS Next 5YN/A
Revenue Next Year2.4%
Revenue Next 2Y2.66%
Revenue Next 3Y2.94%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
HAL.AS Yearly Revenue VS EstimatesHAL.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 5B 10B
HAL.AS Yearly EPS VS EstimatesHAL.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 5 10 15

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5

4. HAL.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 9.22 indicates a reasonable valuation of HAL.
  • HAL's Price/Earnings ratio is a bit cheaper when compared to the industry. HAL is cheaper than 73.21% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of HAL to the average of the S&P500 Index (24.75), we can say HAL is valued rather cheaply.
  • A Price/Forward Earnings ratio of 12.90 indicates a correct valuation of HAL.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of HAL is on the same level as its industry peers.
  • HAL is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.10, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 9.22
Fwd PE 12.9
HAL.AS Price Earnings VS Forward Price EarningsHAL.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, HAL is valued cheaply inside the industry as 83.93% of the companies are valued more expensively.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of HAL indicates a somewhat cheap valuation: HAL is cheaper than 62.50% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 13.6
EV/EBITDA 4.13
HAL.AS Per share dataHAL.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 50 100 150

4.3 Compensation for Growth

  • The decent profitability rating of HAL may justify a higher PE ratio.
  • HAL's earnings are expected to decrease with -9.02% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.74
EPS Next 2Y-12.87%
EPS Next 3Y-9.02%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. HAL.AS Dividend Analysis

5.1 Amount

  • HAL has a Yearly Dividend Yield of 2.06%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 2.54, HAL pays a bit more dividend than its industry peers.
  • HAL's Dividend Yield is comparable with the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 2.06%

5.2 History

  • The dividend of HAL has a limited annual growth rate of 3.12%.
Dividend Growth(5Y)3.12%
Div Incr Years1
Div Non Decr Years1
HAL.AS Yearly Dividends per shareHAL.AS Yearly Dividends per shareYearly Dividends per share 2024 2025 2026 1 2 3

5.3 Sustainability

  • 15.21% of the earnings are spent on dividend by HAL. This is a low number and sustainable payout ratio.
DP15.21%
EPS Next 2Y-12.87%
EPS Next 3Y-9.02%
HAL.AS Yearly Income VS Free CF VS DividendHAL.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B
HAL.AS Dividend Payout.HAL.AS Dividend Payout, showing the Payout Ratio.HAL.AS Dividend Payout.PayoutRetained Earnings

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HAL.AS Fundamentals: All Metrics, Ratios and Statistics

HAL TRUST

AMS:HAL (3/30/2026, 7:00:00 PM)

176

+7.2 (+4.27%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)03-27
Earnings (Next)N/A
Inst Owners1.27%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap15.91B
Revenue(TTM)13.12B
Net Income(TTM)1.72B
Analysts80
Price Target181.05 (2.87%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.06%
Yearly Dividend2.85
Dividend Growth(5Y)3.12%
DP15.21%
Div Incr Years1
Div Non Decr Years1
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)0.28%
PT rev (3m)8.23%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-6.05%
EPS NY rev (3m)-6.05%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.82%
Valuation
Industry RankSector Rank
PE 9.22
Fwd PE 12.9
P/S 1.21
P/FCF 13.6
P/OCF 6.18
P/B 1.06
P/tB 1.34
EV/EBITDA 4.13
EPS(TTM)19.08
EY10.84%
EPS(NY)13.64
Fwd EY7.75%
FCF(TTM)12.95
FCFY7.36%
OCF(TTM)28.47
OCFY16.18%
SpS145.16
BVpS166.7
TBVpS131.13
PEG (NY)N/A
PEG (5Y)0.74
Graham Number267.52
Profitability
Industry RankSector Rank
ROA 6.27%
ROE 11.44%
ROCE 9.15%
ROIC 7.4%
ROICexc 9.01%
ROICexgc 10.88%
OM 15.22%
PM (TTM) 13.14%
GM 58.42%
FCFM 8.92%
ROA(3y)3.55%
ROA(5y)6.52%
ROE(3y)6.82%
ROE(5y)12.52%
ROIC(3y)4.86%
ROIC(5y)3.96%
ROICexc(3y)6.26%
ROICexc(5y)5.15%
ROICexgc(3y)7.93%
ROICexgc(5y)6.38%
ROCE(3y)5.96%
ROCE(5y)4.86%
ROICexgc growth 3Y18.16%
ROICexgc growth 5Y19.86%
ROICexc growth 3Y16.74%
ROICexc growth 5Y16.84%
OM growth 3Y6.91%
OM growth 5Y4.41%
PM growth 3Y-45.09%
PM growth 5Y-5.6%
GM growth 3Y-1.5%
GM growth 5Y-4.02%
F-Score8
Asset Turnover0.48
Health
Industry RankSector Rank
Debt/Equity 0.31
Debt/FCF 4.1
Debt/EBITDA 1.41
Cap/Depr 107.31%
Cap/Sales 10.69%
Interest Coverage 7.24
Cash Conversion 77.86%
Profit Quality 67.88%
Current Ratio 1.48
Quick Ratio 1.3
Altman-Z 1.72
F-Score8
WACC7.77%
ROIC/WACC0.95
Cap/Depr(3y)80.65%
Cap/Depr(5y)93.01%
Cap/Sales(3y)9.49%
Cap/Sales(5y)10.91%
Profit Quality(3y)106.36%
Profit Quality(5y)101.55%
High Growth Momentum
Growth
EPS 1Y (TTM)79.49%
EPS 3Y-34.15%
EPS 5Y12.47%
EPS Q2Q%100.95%
EPS Next Y-22.05%
EPS Next 2Y-12.87%
EPS Next 3Y-9.02%
EPS Next 5YN/A
Revenue 1Y (TTM)4.38%
Revenue growth 3Y19.62%
Revenue growth 5Y19.38%
Sales Q2Q%8.95%
Revenue Next Year2.4%
Revenue Next 2Y2.66%
Revenue Next 3Y2.94%
Revenue Next 5YN/A
EBIT growth 1Y39.08%
EBIT growth 3Y27.88%
EBIT growth 5Y24.64%
EBIT Next Year38.33%
EBIT Next 3Y10.88%
EBIT Next 5YN/A
FCF growth 1Y49.45%
FCF growth 3Y19.84%
FCF growth 5Y9.6%
OCF growth 1Y30.75%
OCF growth 3Y20.81%
OCF growth 5Y6.87%

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.


Can you provide the profitability details for HAL TRUST?

HAL TRUST (HAL.AS) has a profitability rating of 6 / 10.


What is the earnings growth outlook for HAL TRUST?

The Earnings per Share (EPS) of HAL TRUST (HAL.AS) is expected to decline by -22.05% in the next year.


How sustainable is the dividend of HAL TRUST (HAL.AS) stock?

The dividend rating of HAL TRUST (HAL.AS) is 4 / 10 and the dividend payout ratio is 15.21%.