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.

6

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.
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 2025 1B 2B 3B 4B

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 RankSector 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%
HAL.AS Yearly ROA, ROE, ROICHAL.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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 RankSector 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%
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 2025 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.
  • 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.
HAL.AS Yearly Shares OutstandingHAL.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 5B 10B 15B 20B 25B

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 RankSector Rank
Debt/Equity 0.28
Debt/FCF 3.14
Altman-Z 1.7
ROIC/WACC0.9
WACC7.7%
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 2025 5B 10B 15B

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 RankSector Rank
Current Ratio 1.51
Quick Ratio 1.33
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 2025 2B 4B 6B 8B

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

5

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.
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 2028 5B 10B 15B
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 2028 5 10 15

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5

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 RankSector Rank
PE 9.57
Fwd PE 12.34
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 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 RankSector Rank
P/FCF 10.01
EV/EBITDA 4.65
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

  • 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%

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

4

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 RankSector 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
HAL.AS Yearly Dividends per shareHAL.AS Yearly Dividends per shareYearly Dividends per share 2024 2025 2026 1 2 3

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 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 2025 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 (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
Earnings (Next)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 RankSector 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 RankSector 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 RankSector 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 RankSector 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.