HAL TRUST (HAL.AS) Stock Fundamental Analysis
AMS:HAL - Euronext Amsterdam - BMG455841020 - Common Stock - Currency: EUR
We assign a fundamental rating of 5 out of 10 to HAL. HAL was compared to 46 industry peers in the Financial Services industry. Both the profitability and the financial health of HAL get a neutral evaluation. Nothing too spectacular is happening here. HAL has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
HAL had positive earnings in the past year.
HAL had a positive operating cash flow in the past year.
Each year in the past 5 years HAL has been profitable.
In the past 5 years HAL always reported a positive cash flow from operatings.
1.2 Ratios
HAL has a Return On Assets of 4.42%. This is in the better half of the industry: HAL outperforms 69.57% of its industry peers.
With a Return On Equity value of 8.19%, HAL perfoms like the industry average, outperforming 52.17% of the companies in the same industry.
The Return On Invested Capital of HAL (5.74%) is better than 63.04% of its industry peers.
The Average Return On Invested Capital over the past 3 years for HAL is below the industry average of 9.04%.
The 3 year average ROIC (4.86%) for HAL is below the current ROIC(5.74%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.42% | ||
| ROE | 8.19% | ||
| ROIC | 5.74% |
ROA(3y)3.55%
ROA(5y)6.52%
ROE(3y)6.82%
ROE(5y)12.52%
ROIC(3y)4.86%
ROIC(5y)3.96%
1.3 Margins
HAL has a Profit Margin (9.63%) which is in line with its industry peers.
In the last couple of years the Profit Margin of HAL has declined.
Looking at the Operating Margin, with a value of 12.03%, HAL is in line with its industry, outperforming 52.17% of the companies in the same industry.
HAL's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 55.45%, HAL is in line with its industry, outperforming 52.17% of the companies in the same industry.
HAL's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.03% | ||
| PM (TTM) | 9.63% | ||
| GM | 55.45% |
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%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), HAL is destroying value.
Compared to 1 year ago, HAL has about the same amount of shares outstanding.
HAL has more shares outstanding than it did 5 years ago.
The debt/assets ratio for HAL has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.40, we must say that HAL is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.40, HAL perfoms like the industry average, outperforming 45.65% of the companies in the same industry.
The Debt to FCF ratio of HAL is 3.70, which is a good value as it means it would take HAL, 3.70 years of fcf income to pay off all of its debts.
HAL's Debt to FCF ratio of 3.70 is fine compared to the rest of the industry. HAL outperforms 78.26% of its industry peers.
A Debt/Equity ratio of 0.28 indicates that HAL is not too dependend on debt financing.
HAL's Debt to Equity ratio of 0.28 is fine compared to the rest of the industry. HAL outperforms 60.87% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 3.7 | ||
| Altman-Z | 1.4 |
ROIC/WACC0.72
WACC7.93%
2.3 Liquidity
A Current Ratio of 1.37 indicates that HAL should not have too much problems paying its short term obligations.
HAL has a better Current ratio (1.37) than 65.22% of its industry peers.
HAL has a Quick Ratio of 1.19. 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 1.19. This is in the better half of the industry: HAL outperforms 60.87% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.37 | ||
| Quick Ratio | 1.19 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 19.63% over the past year.
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 decrease in Revenue. The Revenue has decreased by -0.60% 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)19.63%
EPS 3Y-34.15%
EPS 5Y12.47%
EPS Q2Q%55.23%
Revenue 1Y (TTM)-0.6%
Revenue growth 3Y19.62%
Revenue growth 5Y19.38%
Sales Q2Q%-0.03%
3.2 Future
The Earnings Per Share is expected to decrease by -6.33% on average over the next years.
HAL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.37% yearly.
EPS Next Y-18.61%
EPS Next 2Y-6.33%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year4.9%
Revenue Next 2Y4.37%
Revenue Next 3YN/A
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. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 9.31, which indicates a very decent valuation of HAL.
73.91% of the companies in the same industry are more expensive than HAL, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of HAL to the average of the S&P500 Index (27.50), we can say HAL is valued rather cheaply.
The Price/Forward Earnings ratio is 8.52, which indicates a very decent valuation of HAL.
Based on the Price/Forward Earnings ratio, HAL is valued a bit cheaper than 76.09% of the companies in the same industry.
HAL is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.44, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.31 | ||
| Fwd PE | 8.52 |
4.2 Price Multiples
HAL's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. HAL is cheaper than 78.26% of the companies in the same industry.
HAL's Price/Free Cash Flow ratio is rather cheap when compared to the industry. HAL is cheaper than 82.61% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.64 | ||
| EV/EBITDA | 3.32 |
4.3 Compensation for Growth
HAL's earnings are expected to decrease with -6.33% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.75
EPS Next 2Y-6.33%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.36%, HAL has a reasonable but not impressive dividend return.
HAL's Dividend Yield is a higher than the industry average which is at 3.93.
HAL's Dividend Yield is comparable with the S&P500 average which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.36% |
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
5.3 Sustainability
HAL pays out 21.29% of its income as dividend. This is a sustainable payout ratio.
DP21.29%
EPS Next 2Y-6.33%
EPS Next 3YN/A
AMS:HAL (7/18/2025, 7:00:00 PM)
124.6
+1 (+0.81%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)
Earnings (Next)
Inst Owners1.17%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap11.26B
Analysts80
Price Target147.56 (18.43%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.36% |
Yearly Dividend2.85
Dividend Growth(5Y)3.12%
DP21.29%
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%
PT rev (3m)2.97%
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)1.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.31 | ||
| Fwd PE | 8.52 | ||
| P/S | 0.9 | ||
| P/FCF | 8.64 | ||
| P/OCF | 4.29 | ||
| P/B | 0.76 | ||
| P/tB | 1 | ||
| EV/EBITDA | 3.32 |
EPS(TTM)13.39
EY10.75%
EPS(NY)14.62
Fwd EY11.74%
FCF(TTM)14.42
FCFY11.58%
OCF(TTM)29.04
OCFY23.3%
SpS139.04
BVpS163.51
TBVpS124.05
PEG (NY)N/A
PEG (5Y)0.75
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.42% | ||
| ROE | 8.19% | ||
| ROCE | 7.02% | ||
| ROIC | 5.74% | ||
| ROICexc | 7.14% | ||
| ROICexgc | 8.93% | ||
| OM | 12.03% | ||
| PM (TTM) | 9.63% | ||
| GM | 55.45% | ||
| FCFM | 10.37% |
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%
ROICexcg growth 3Y18.16%
ROICexcg 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-Score6
Asset Turnover0.46
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 3.7 | ||
| Debt/EBITDA | 1.48 | ||
| Cap/Depr | 101.01% | ||
| Cap/Sales | 10.51% | ||
| Interest Coverage | 7.57 | ||
| Cash Conversion | 93.08% | ||
| Profit Quality | 107.75% | ||
| Current Ratio | 1.37 | ||
| Quick Ratio | 1.19 | ||
| Altman-Z | 1.4 |
F-Score6
WACC7.93%
ROIC/WACC0.72
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)19.63%
EPS 3Y-34.15%
EPS 5Y12.47%
EPS Q2Q%55.23%
EPS Next Y-18.61%
EPS Next 2Y-6.33%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-0.6%
Revenue growth 3Y19.62%
Revenue growth 5Y19.38%
Sales Q2Q%-0.03%
Revenue Next Year4.9%
Revenue Next 2Y4.37%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-0.36%
EBIT growth 3Y27.88%
EBIT growth 5Y24.64%
EBIT Next Year34.17%
EBIT Next 3Y11.91%
EBIT Next 5YN/A
FCF growth 1Y3.77%
FCF growth 3Y19.84%
FCF growth 5Y9.6%
OCF growth 1Y8.66%
OCF growth 3Y20.81%
OCF growth 5Y6.87%