HAL TRUST (HAL.AS) Fundamental Analysis & Valuation

AMS:HAL • BMG455841020

Current stock price

168.2 EUR
-2 (-1.18%)
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.
  • In the past 5 years HAL has always been profitable.
  • 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 2025 1B 2B 3B 4B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 5.67%, HAL belongs to the top of the industry, outperforming 85.45% of the companies in the same industry.
  • The Return On Equity of HAL (10.22%) is better than 69.09% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 6.95%, HAL is in the better half of the industry, outperforming 74.55% of the companies in the same industry.
  • HAL had an Average Return On Invested Capital over the past 3 years of 6.09%. This is below the industry average of 8.81%.
  • The 3 year average ROIC (6.09%) for HAL is below the current ROIC(6.95%), indicating increased profibility in the last year.
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

  • With a Profit Margin value of 12.46%, HAL perfoms like the industry average, outperforming 56.36% of the companies in the same industry.
  • In the last couple of years the Profit Margin of HAL has remained more or less at the same level.
  • The Operating Margin of HAL (14.71%) is comparable to the rest of the industry.
  • HAL's Operating Margin has improved in the last couple of years.
  • With a Gross Margin value of 58.72%, HAL perfoms like the industry average, outperforming 58.18% of the companies in the same industry.
  • HAL's Gross Margin has declined in the last couple of years.
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

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so HAL is destroying value.
  • HAL has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, HAL has about the same amount of shares outstanding.
  • HAL has a better debt/assets ratio than last year.
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

  • HAL has an Altman-Z score of 1.71. This is a bad value and indicates that HAL is not financially healthy and even has some risk of bankruptcy.
  • HAL's Altman-Z score of 1.71 is fine compared to the rest of the industry. HAL outperforms 63.64% 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.
  • The Debt to FCF ratio of HAL (3.14) is better than 76.36% of its industry peers.
  • HAL has a Debt/Equity ratio of 0.28. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.28, HAL is in the better half of the industry, outperforming 65.45% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF 3.14
Altman-Z 1.71
ROIC/WACC0.91
WACC7.64%
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.
  • HAL has a Current ratio (1.51) which is comparable to the rest of the industry.
  • A Quick Ratio of 1.33 indicates that HAL should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.33, HAL is in line with its industry, outperforming 58.18% of the companies in the same 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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5

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 32.07%, which is quite impressive.
  • 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.
  • Looking at the last year, HAL shows a small growth in Revenue. The Revenue has grown by 1.96% in the last year.
  • HAL shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 19.22% yearly.
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

  • Based on estimates for the next years, HAL will show a decrease in Earnings Per Share. The EPS will decrease by -1.71% on average per year.
  • The Revenue is expected to grow by 4.05% on average over the next years.
EPS Next Y-2.6%
EPS Next 2Y-1.71%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.01%
Revenue Next 2Y4.45%
Revenue Next 3Y4.05%
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.
  • 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 5 10 15

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5

4. HAL.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 9.51, which indicates a very decent valuation of HAL.
  • Based on the Price/Earnings ratio, HAL is valued a bit cheaper than the industry average as 72.73% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of HAL to the average of the S&P500 Index (26.21), we can say HAL is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 12.33, the valuation of HAL can be described as correct.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of HAL is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.10, HAL is valued a bit cheaper.
Industry RankSector Rank
PE 9.51
Fwd PE 12.33
HAL.AS Price Earnings VS Forward Price EarningsHAL.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, HAL is valued cheaper than 81.82% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, HAL is valued a bit cheaper than the industry average as 70.91% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 9.95
EV/EBITDA 4.69
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

  • 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-1.71%
EPS Next 3YN/A

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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 2.07%, HAL has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 2.60, 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 2.07%

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

  • 16.40% of the earnings are spent on dividend by HAL. This is a low number and sustainable payout ratio.
DP16.4%
EPS Next 2Y-1.71%
EPS Next 3YN/A
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 (4/7/2026, 7:00:00 PM)

168.2

-2 (-1.18%)

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 Cap15.20B
Revenue(TTM)12.81B
Net Income(TTM)1.60B
Analysts80
Price Target181.05 (7.64%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.07%
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)0.28%
PT rev (3m)8.23%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-7.87%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.78%
Revenue NY rev (3m)-3.5%
Valuation
Industry RankSector Rank
PE 9.51
Fwd PE 12.33
P/S 1.19
P/FCF 9.95
P/OCF 5.67
P/B 0.97
P/tB 1.22
EV/EBITDA 4.69
EPS(TTM)17.68
EY10.51%
EPS(NY)13.64
Fwd EY8.11%
FCF(TTM)16.9
FCFY10.05%
OCF(TTM)29.69
OCFY17.65%
SpS141.77
BVpS172.94
TBVpS137.86
PEG (NY)N/A
PEG (5Y)0.47
Graham Number262.29
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 1.71
F-Score7
WACC7.64%
ROIC/WACC0.91
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-2.6%
EPS Next 2Y-1.71%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)1.96%
Revenue growth 3Y8.47%
Revenue growth 5Y19.22%
Sales Q2Q%-4.8%
Revenue Next Year3.01%
Revenue Next 2Y4.45%
Revenue Next 3Y4.05%
Revenue Next 5YN/A
EBIT growth 1Y24.64%
EBIT growth 3Y34.4%
EBIT growth 5Y33.34%
EBIT Next Year68.9%
EBIT Next 3YN/A
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 9.51 and the Price/Book (PB) ratio is 0.97.


What is the earnings growth outlook for HAL TRUST?

The Earnings per Share (EPS) of HAL TRUST (HAL.AS) is expected to decline by -2.6% in the next year.