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 49 industry peers in the Financial Services industry. HAL has an average financial health and profitability rating. HAL is not valued too expensively and it also shows a decent growth rate.
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.
HAL had positive earnings in each of the past 5 years.
Each year in the past 5 years HAL had a positive operating cash flow.
1.2 Ratios
HAL has a Return On Assets of 4.42%. This is in the better half of the industry: HAL outperforms 69.39% of its industry peers.
The Return On Equity of HAL (8.19%) is comparable to the rest of the industry.
The Return On Invested Capital of HAL (5.74%) is better than 65.31% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for HAL is below the industry average of 9.06%.
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 comparable to the rest of the industry.
HAL's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 12.03%, HAL is doing good in the industry, outperforming 61.22% of the companies in the same industry.
In the last couple of years the Operating Margin of HAL has grown nicely.
The Gross Margin of HAL (55.45%) is better than 61.22% of its industry peers.
In the last couple of years the Gross Margin of HAL has declined.
| 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.
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.
2.2 Solvency
HAL has an Altman-Z score of 1.38. 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 (1.38) which is in line with its industry peers.
HAL has a debt to FCF ratio of 3.70. This is a good value and a sign of high solvency as HAL would need 3.70 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 3.70, HAL is doing good in the industry, outperforming 75.51% of the companies in the same industry.
HAL has a Debt/Equity ratio of 0.28. This is a healthy value indicating a solid balance between debt and equity.
HAL has a better Debt to Equity ratio (0.28) than 61.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 3.7 | ||
| Altman-Z | 1.38 |
ROIC/WACC0.74
WACC7.81%
2.3 Liquidity
HAL has a Current Ratio of 1.37. This is a normal value and indicates that HAL is financially healthy and should not expect problems in meeting its short term obligations.
HAL's Current ratio of 1.37 is fine compared to the rest of the industry. HAL outperforms 65.31% 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.
The Quick ratio of HAL (1.19) is better than 63.27% 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.
Measured over the past years, HAL shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.47% on average per year.
HAL shows a decrease in Revenue. In the last year, the revenue decreased by -0.60%.
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)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.
Based on estimates for the next years, HAL will show a small growth in Revenue. The Revenue will grow by 4.37% on average per year.
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
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 8.89, the valuation of HAL can be described as reasonable.
71.43% of the companies in the same industry are more expensive than HAL, based on the Price/Earnings ratio.
HAL's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.25.
A Price/Forward Earnings ratio of 8.14 indicates a reasonable valuation of HAL.
Compared to the rest of the industry, the Price/Forward Earnings ratio of HAL indicates a somewhat cheap valuation: HAL is cheaper than 79.59% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.15. HAL is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.89 | ||
| Fwd PE | 8.14 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HAL is valued cheaper than 83.67% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, HAL is valued a bit cheaper than 77.55% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.25 | ||
| EV/EBITDA | 3.17 |
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 -6.33% in the coming years.
PEG (NY)N/A
PEG (5Y)0.71
EPS Next 2Y-6.33%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.47%, HAL has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.91, HAL pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, HAL has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.47% |
5.2 History
The dividend of HAL has a limited annual growth rate of 3.12%.
Dividend Growth(5Y)3.12%
Div Incr Years0
Div Non Decr Years0
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 (5/30/2025, 7:00:00 PM)
119
0 (0%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)
Earnings (Next)
Inst Owners1.19%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap10.75B
Analysts76.67
Price Target149.94 (26%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.47% |
Yearly Dividend2.85
Dividend Growth(5Y)3.12%
DP21.29%
Div Incr Years0
Div Non Decr Years0
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)4.63%
PT rev (3m)1.38%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)20.47%
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 | 8.89 | ||
| Fwd PE | 8.14 | ||
| P/S | 0.86 | ||
| P/FCF | 8.25 | ||
| P/OCF | 4.1 | ||
| P/B | 0.73 | ||
| P/tB | 0.96 | ||
| EV/EBITDA | 3.17 |
EPS(TTM)13.39
EY11.25%
EPS(NY)14.62
Fwd EY12.29%
FCF(TTM)14.42
FCFY12.12%
OCF(TTM)29.04
OCFY24.4%
SpS139.04
BVpS163.51
TBVpS124.05
PEG (NY)N/A
PEG (5Y)0.71
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 | 1.38 |
F-Score6
WACC7.81%
ROIC/WACC0.74
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%