HAL TRUST (HAL.AS) Fundamental Analysis & Valuation

AMS:HAL • BMG455841020

Current stock price

171.2 EUR
-0.8 (-0.47%)
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.
  • HAL had a positive operating cash flow in the past year.
  • Each year in the past 5 years HAL has 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 1B 2B 3B 4B

1.2 Ratios

  • HAL has a Return On Assets of 6.27%. This is amongst the best in the industry. HAL outperforms 84.48% of its industry peers.
  • The Return On Equity of HAL (11.44%) is better than 67.24% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 7.40%, HAL is in the better half of the industry, outperforming 72.41% 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 9.93%.
  • The 3 year average ROIC (4.86%) for HAL is below the current ROIC(7.40%), indicating increased profibility in the last year.
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 of 13.14%. This is comparable to the rest of the industry: HAL outperforms 53.45% of its industry peers.
  • In the last couple of years the Profit Margin of HAL has declined.
  • With a Operating Margin value of 15.22%, HAL perfoms like the industry average, outperforming 51.72% of the companies in the same industry.
  • In the last couple of years the Operating Margin of HAL has grown nicely.
  • HAL has a Gross Margin (58.42%) which is in line with 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

  • 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.
  • 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

  • HAL has an Altman-Z score of 1.73. This is a bad value and indicates that HAL is not financially healthy and even has some risk of bankruptcy.
  • HAL has a Altman-Z score of 1.73. This is in the better half of the industry: HAL outperforms 62.07% of its industry peers.
  • The Debt to FCF ratio of HAL is 4.10, which is a neutral value as it means it would take HAL, 4.10 years of fcf income to pay off all of its debts.
  • HAL has a better Debt to FCF ratio (4.10) than 67.24% of its industry peers.
  • HAL has a Debt/Equity ratio of 0.31. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of HAL (0.31) is better than 65.52% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.31
Debt/FCF 4.1
Altman-Z 1.73
ROIC/WACC0.95
WACC7.8%
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

  • A Current Ratio of 1.48 indicates that HAL should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.48, HAL is in the better half of the industry, outperforming 62.07% of the companies in the same industry.
  • A Quick Ratio of 1.30 indicates that HAL should not have too much problems paying its short term obligations.
  • HAL has a Quick ratio (1.30) which is in line with 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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4

3. HAL.AS Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 79.49% 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 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

  • The Earnings Per Share is expected to decrease by -9.02% 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 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.
  • 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 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

  • Based on the Price/Earnings ratio of 8.97, the valuation of HAL can be described as reasonable.
  • Compared to the rest of the industry, the Price/Earnings ratio of HAL indicates a somewhat cheap valuation: HAL is cheaper than 72.41% of the companies listed in the same industry.
  • HAL is valuated cheaply when we compare the Price/Earnings ratio to 25.96, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 12.55, the valuation of HAL can be described as correct.
  • The rest of the industry has a similar Price/Forward Earnings ratio as HAL.
  • When comparing the Price/Forward Earnings ratio of HAL to the average of the S&P500 Index (24.04), we can say HAL is valued slightly cheaper.
Industry RankSector Rank
PE 8.97
Fwd PE 12.55
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 84.48% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, HAL is valued a bit cheaper than 65.52% of the companies in the same industry.
Industry RankSector Rank
P/FCF 13.22
EV/EBITDA 4.21
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.
  • A cheap valuation may be justified as HAL's earnings are expected to decrease with -9.02% in the coming years.
PEG (NY)N/A
PEG (5Y)0.72
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

  • With a Yearly Dividend Yield of 2.05%, HAL has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 2.51, HAL pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.91, HAL has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.05%

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

  • HAL pays out 15.21% of its income as dividend. This is a 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 (3/17/2026, 11:19:31 AM)

171.2

-0.8 (-0.47%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)11-26
Earnings (Next)03-27
Inst Owners1.27%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap15.47B
Revenue(TTM)13.12B
Net Income(TTM)1.72B
Analysts80
Price Target180.54 (5.46%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.05%
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)3.31%
PT rev (3m)7.93%
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)-1.82%
Revenue NY rev (3m)-1.82%
Valuation
Industry RankSector Rank
PE 8.97
Fwd PE 12.55
P/S 1.18
P/FCF 13.22
P/OCF 6.01
P/B 1.03
P/tB 1.31
EV/EBITDA 4.21
EPS(TTM)19.08
EY11.14%
EPS(NY)13.64
Fwd EY7.97%
FCF(TTM)12.95
FCFY7.56%
OCF(TTM)28.47
OCFY16.63%
SpS145.16
BVpS166.7
TBVpS131.13
PEG (NY)N/A
PEG (5Y)0.72
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 1.73
F-Score8
WACC7.8%
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%.