HAL TRUST (HAL.AS) Stock Fundamental Analysis

AMS:HAL • BMG455841020

175.8 EUR
+1.2 (+0.69%)
Last: Feb 25, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to HAL. HAL was compared to 56 industry peers in the Financial Services industry. HAL has only an average score on both its financial health and profitability. HAL has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • HAL had positive earnings in the past year.
  • In the past year HAL had a positive cash flow from operations.
  • 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

  • With an excellent Return On Assets value of 6.27%, HAL belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
  • With a decent Return On Equity value of 11.44%, HAL is doing good in the industry, outperforming 69.64% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 7.40%, HAL is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
  • HAL had an Average Return On Invested Capital over the past 3 years of 4.86%. This is below the industry average of 8.48%.
  • The last Return On Invested Capital (7.40%) for HAL is above the 3 year average (4.86%), which is a sign of increasing profitability.
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

  • The Profit Margin of HAL (13.14%) is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of HAL has declined.
  • HAL has a Operating Margin (15.22%) which is comparable to the rest of the industry.
  • HAL's Operating Margin has improved in the last couple of years.
  • HAL has a Gross Margin of 58.42%. This is in the better half of the industry: HAL outperforms 60.71% of its industry peers.
  • In the last couple of years the Gross Margin of HAL has declined.
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

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), HAL is destroying value.
  • HAL has about the same amout of shares outstanding than it did 1 year ago.
  • HAL has more shares outstanding than it did 5 years ago.
  • 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 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

  • Based on the Altman-Z score of 1.74, we must say that HAL is in the distress zone and has some risk of bankruptcy.
  • With a decent Altman-Z score value of 1.74, HAL is doing good in the industry, outperforming 64.29% of the companies in the same industry.
  • 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 75.00% 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.
  • Looking at the Debt to Equity ratio, with a value of 0.31, HAL is in the better half of the industry, outperforming 64.29% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.31
Debt/FCF 4.1
Altman-Z 1.74
ROIC/WACC0.94
WACC7.84%
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.
  • HAL has a better Current ratio (1.48) than 64.29% of its industry peers.
  • HAL has a Quick Ratio of 1.30. This is a normal value and indicates that HAL is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 1.30, HAL is in line with its industry, outperforming 58.93% of the companies in the same industry.
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

More info and screens

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

4

3. Growth

3.1 Past

  • HAL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 79.49%, which is quite impressive.
  • The Earnings Per Share has been growing by 12.47% on average over the past years. This is quite good.
  • HAL shows a small growth in Revenue. In the last year, the Revenue has grown by 4.38%.
  • HAL shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 19.38% yearly.
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 -8.99% 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-17.03%
EPS Next 2Y-9.22%
EPS Next 3Y-8.99%
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.
  • 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 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

More info and screens

Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • HAL is valuated reasonably with a Price/Earnings ratio of 9.21.
  • Compared to the rest of the industry, the Price/Earnings ratio of HAL indicates a somewhat cheap valuation: HAL is cheaper than 71.43% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of HAL to the average of the S&P500 Index (27.05), we can say HAL is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 11.87, the valuation of HAL can be described as very reasonable.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of HAL is on the same level as its industry peers.
  • The average S&P500 Price/Forward Earnings ratio is at 28.03. HAL is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 9.21
Fwd PE 11.87
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 cheaper than 80.36% of the companies in the same industry.
  • HAL's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. HAL is cheaper than 62.50% of the companies in the same industry.
Industry RankSector Rank
P/FCF 13.58
EV/EBITDA 4.28
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.
  • A cheap valuation may be justified as HAL's earnings are expected to decrease with -8.99% in the coming years.
PEG (NY)N/A
PEG (5Y)0.74
EPS Next 2Y-9.22%
EPS Next 3Y-8.99%

More info and screens

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

4

5. Dividend

5.1 Amount

  • HAL has a Yearly Dividend Yield of 2.11%.
  • HAL's Dividend Yield is a higher than the industry average which is at 2.21.
  • Compared to an average S&P500 Dividend Yield of 1.80, HAL has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.11%

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-9.22%
EPS Next 3Y-8.99%
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

More info and screens

Find the best dividend stocksShow peers with best dividend

HAL TRUST

AMS:HAL (2/25/2026, 7:00:00 PM)

175.8

+1.2 (+0.69%)

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 Cap15.89B
Revenue(TTM)13.12B
Net Income(TTM)1.72B
Analysts80
Price Target174.76 (-0.59%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.11%
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)4.47%
PT rev (3m)7.53%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0.41%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.82%
Revenue NY rev (3m)-1.72%
Valuation
Industry RankSector Rank
PE 9.21
Fwd PE 11.87
P/S 1.21
P/FCF 13.58
P/OCF 6.18
P/B 1.05
P/tB 1.34
EV/EBITDA 4.28
EPS(TTM)19.08
EY10.85%
EPS(NY)14.81
Fwd EY8.42%
FCF(TTM)12.95
FCFY7.36%
OCF(TTM)28.47
OCFY16.19%
SpS145.16
BVpS166.7
TBVpS131.13
PEG (NY)N/A
PEG (5Y)0.74
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 1.74
F-Score8
WACC7.84%
ROIC/WACC0.94
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-17.03%
EPS Next 2Y-9.22%
EPS Next 3Y-8.99%
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 Year50.7%
EBIT Next 3Y10.87%
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 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 6 / 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 -17.03% 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%.