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HAL TRUST (HAL.AS) Stock Fundamental Analysis

AMS:HAL - Euronext Amsterdam - BMG455841020 - Common Stock - Currency: EUR

124.6  +4.6 (+3.83%)

Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to HAL. HAL was compared to 50 industry peers in the Financial Services industry. HAL has an average financial health and profitability rating. HAL may be a bit undervalued, certainly considering the very reasonable score on growth These ratings would make HAL suitable for value investing!


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

In the past year HAL was profitable.
HAL had a positive operating cash flow in the past year.
In the past 5 years HAL has always been profitable.
In the past 5 years HAL always reported a positive cash flow from operatings.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B

1.2 Ratios

With a Return On Assets value of 3.60%, HAL perfoms like the industry average, outperforming 58.00% of the companies in the same industry.
With a Return On Equity value of 6.85%, HAL perfoms like the industry average, outperforming 46.00% of the companies in the same industry.
With a decent Return On Invested Capital value of 5.56%, HAL is doing good in the industry, outperforming 68.00% 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 11.19%.
The last Return On Invested Capital (5.56%) for HAL is above the 3 year average (3.74%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 3.6%
ROE 6.85%
ROIC 5.56%
ROA(3y)8.37%
ROA(5y)6.31%
ROE(3y)15.54%
ROE(5y)12.55%
ROIC(3y)3.74%
ROIC(5y)3.2%
HAL.AS Yearly ROA, ROE, ROICHAL.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 10 20 30

1.3 Margins

With a Profit Margin value of 7.64%, HAL perfoms like the industry average, outperforming 42.00% of the companies in the same industry.
In the last couple of years the Profit Margin of HAL has grown nicely.
HAL has a Operating Margin of 11.43%. This is comparable to the rest of the industry: HAL outperforms 52.00% of its industry peers.
HAL's Operating Margin has improved in the last couple of years.
HAL's Gross Margin of 53.92% is in line compared to the rest of the industry. HAL outperforms 56.00% of its industry peers.
HAL's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 11.43%
PM (TTM) 7.64%
GM 53.92%
OM growth 3Y16.15%
OM growth 5Y3.12%
PM growth 3Y-12.24%
PM growth 5Y18.83%
GM growth 3Y-5.71%
GM growth 5Y-4.89%
HAL.AS Yearly Profit, Operating, Gross MarginsHAL.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 20 40 60

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5

2. Health

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.
The number of shares outstanding for HAL remains at a similar level compared to 1 year ago.
HAL has more shares outstanding than it did 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M
HAL.AS Yearly Total Debt VS Total AssetsHAL.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 5B 10B 15B 20B 25B

2.2 Solvency

Based on the Altman-Z score of 1.38, we must say that HAL is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.38, HAL perfoms like the industry average, outperforming 46.00% of the companies in the same industry.
HAL has a debt to FCF ratio of 3.26. This is a good value and a sign of high solvency as HAL would need 3.26 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.26, HAL is in the better half of the industry, outperforming 62.00% of the companies in the same industry.
A Debt/Equity ratio of 0.24 indicates that HAL is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.24, HAL is doing good in the industry, outperforming 64.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.24
Debt/FCF 3.26
Altman-Z 1.38
ROIC/WACC0.46
WACC11.98%
HAL.AS Yearly LT Debt VS Equity VS FCFHAL.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B 10B

2.3 Liquidity

A Current Ratio of 1.35 indicates that HAL should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.35, HAL is in the better half of the industry, outperforming 66.00% of the companies in the same industry.
HAL has a Quick Ratio of 1.17. This is a normal value and indicates that HAL is financially healthy and should not expect problems in meeting its short term obligations.
HAL has a Quick ratio of 1.17. This is comparable to the rest of the industry: HAL outperforms 56.00% of its industry peers.
Industry RankSector Rank
Current Ratio 1.35
Quick Ratio 1.17
HAL.AS Yearly Current Assets VS Current LiabilitesHAL.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B

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5

3. Growth

3.1 Past

The earnings per share for HAL have decreased strongly by -29.74% in the last year.
HAL shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 44.55% yearly.
HAL shows a small growth in Revenue. In the last year, the Revenue has grown by 2.03%.
Measured over the past years, HAL shows a very strong growth in Revenue. The Revenue has been growing by 22.14% on average per year.
EPS 1Y (TTM)-29.74%
EPS 3Y16.97%
EPS 5Y44.55%
EPS Q2Q%-9.03%
Revenue 1Y (TTM)2.03%
Revenue growth 3Y33.45%
Revenue growth 5Y22.14%
Sales Q2Q%-1.19%

3.2 Future

The Earnings Per Share is expected to grow by 4.83% on average over the next years.
The Revenue is expected to grow by 3.13% on average over the next years.
EPS Next Y48.9%
EPS Next 2Y7.25%
EPS Next 3Y4.83%
EPS Next 5YN/A
Revenue Next Year0.51%
Revenue Next 2Y2.2%
Revenue Next 3Y3.13%
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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 5B 10B
HAL.AS Yearly EPS VS EstimatesHAL.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 5 10 15

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7

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 11.72, the valuation of HAL can be described as very reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of HAL indicates a somewhat cheap valuation: HAL is cheaper than 68.00% of the companies listed in the same industry.
HAL's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 29.35.
With a Price/Forward Earnings ratio of 10.26, the valuation of HAL can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of HAL indicates a somewhat cheap valuation: HAL is cheaper than 72.00% of the companies listed in the same industry.
HAL is valuated 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 11.72
Fwd PE 10.26
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

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HAL indicates a rather cheap valuation: HAL is cheaper than 84.00% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, HAL is valued a bit cheaper than the industry average as 76.00% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 7.32
EV/EBITDA 3.69
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 low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
HAL has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.24
PEG (5Y)0.26
EPS Next 2Y7.25%
EPS Next 3Y4.83%

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4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 2.42%, HAL has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.76, HAL pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.33, HAL has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.42%

5.2 History

The dividend of HAL decreases each year by -3.21%.
Dividend Growth(5Y)-3.21%
Div Incr Years0
Div Non Decr Years0
HAL.AS Yearly Dividends per shareHAL.AS Yearly Dividends per shareYearly Dividends per share 2024 2025 0.5 1 1.5 2 2.5

5.3 Sustainability

HAL pays out 26.81% of its income as dividend. This is a sustainable payout ratio.
DP26.81%
EPS Next 2Y7.25%
EPS Next 3Y4.83%
HAL.AS Yearly Income VS Free CF VS DividendHAL.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 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 TRUST

AMS:HAL (3/7/2025, 7:00:00 PM)

124.6

+4.6 (+3.83%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)N/A N/A
Earnings (Next)03-27 2025-03-27/amc
Inst Owners1.19%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap11.26B
Analysts77.14
Price Target147.9 (18.7%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.42%
Yearly Dividend2.45
Dividend Growth(5Y)-3.21%
DP26.81%
Div Incr Years0
Div Non Decr Years0
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%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 11.72
Fwd PE 10.26
P/S 0.9
P/FCF 7.32
P/OCF 4.2
P/B 0.8
P/tB 1.07
EV/EBITDA 3.69
EPS(TTM)10.63
EY8.53%
EPS(NY)12.14
Fwd EY9.74%
FCF(TTM)17.01
FCFY13.65%
OCF(TTM)29.66
OCFY23.81%
SpS139.07
BVpS155.16
TBVpS116.43
PEG (NY)0.24
PEG (5Y)0.26
Profitability
Industry RankSector Rank
ROA 3.6%
ROE 6.85%
ROCE 7.01%
ROIC 5.56%
ROICexc 7.04%
ROICexgc 8.99%
OM 11.43%
PM (TTM) 7.64%
GM 53.92%
FCFM 12.23%
ROA(3y)8.37%
ROA(5y)6.31%
ROE(3y)15.54%
ROE(5y)12.55%
ROIC(3y)3.74%
ROIC(5y)3.2%
ROICexc(3y)5.09%
ROICexc(5y)4.14%
ROICexgc(3y)6.4%
ROICexgc(5y)5.04%
ROCE(3y)4.88%
ROCE(5y)4.18%
ROICexcg growth 3Y53.41%
ROICexcg growth 5Y17.44%
ROICexc growth 3Y46.62%
ROICexc growth 5Y18.04%
OM growth 3Y16.15%
OM growth 5Y3.12%
PM growth 3Y-12.24%
PM growth 5Y18.83%
GM growth 3Y-5.71%
GM growth 5Y-4.89%
F-Score6
Asset Turnover0.47
Health
Industry RankSector Rank
Debt/Equity 0.24
Debt/FCF 3.26
Debt/EBITDA 1.19
Cap/Depr 85.88%
Cap/Sales 9.1%
Interest Coverage 6.44
Cash Conversion 96.87%
Profit Quality 160.07%
Current Ratio 1.35
Quick Ratio 1.17
Altman-Z 1.38
F-Score6
WACC11.98%
ROIC/WACC0.46
Cap/Depr(3y)79.78%
Cap/Depr(5y)93.12%
Cap/Sales(3y)9.31%
Cap/Sales(5y)12.89%
Profit Quality(3y)76.36%
Profit Quality(5y)104.76%
High Growth Momentum
Growth
EPS 1Y (TTM)-29.74%
EPS 3Y16.97%
EPS 5Y44.55%
EPS Q2Q%-9.03%
EPS Next Y48.9%
EPS Next 2Y7.25%
EPS Next 3Y4.83%
EPS Next 5YN/A
Revenue 1Y (TTM)2.03%
Revenue growth 3Y33.45%
Revenue growth 5Y22.14%
Sales Q2Q%-1.19%
Revenue Next Year0.51%
Revenue Next 2Y2.2%
Revenue Next 3Y3.13%
Revenue Next 5YN/A
EBIT growth 1Y12.93%
EBIT growth 3Y55%
EBIT growth 5Y25.96%
EBIT Next Year105.36%
EBIT Next 3Y19.8%
EBIT Next 5YN/A
FCF growth 1Y249.15%
FCF growth 3Y5.68%
FCF growth 5Y36.09%
OCF growth 1Y176.4%
OCF growth 3Y7.94%
OCF growth 5Y14.88%