HAL TRUST (HAL.AS) Fundamental Analysis & Valuation

AMS:HAL • BMG455841020

Current stock price

171.2 EUR
+0.4 (+0.23%)
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.
  • 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 82.46% of the companies in the same industry.
  • HAL has a Return On Equity of 10.22%. This is in the better half of the industry: HAL outperforms 64.91% of its industry peers.
  • HAL has a Return On Invested Capital of 6.95%. This is in the better half of the industry: HAL outperforms 70.18% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for HAL is below the industry average of 10.55%.
  • 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

  • With a Profit Margin value of 12.46%, HAL perfoms like the industry average, outperforming 52.63% of the companies in the same industry.
  • HAL's Profit Margin has been stable in the last couple of years.
  • With a Operating Margin value of 14.71%, HAL perfoms like the industry average, outperforming 50.88% of the companies in the same 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 57.89% 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

  • 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.
  • The number of shares outstanding for HAL remains at a similar level 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 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 1.71, we must say that HAL is in the distress zone and has some risk of bankruptcy.
  • HAL's Altman-Z score of 1.71 is in line compared to the rest of the industry. HAL outperforms 56.14% 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 has a Debt to FCF ratio of 3.14. This is in the better half of the industry: HAL outperforms 71.93% of its industry peers.
  • A Debt/Equity ratio of 0.28 indicates that HAL is not too dependend on debt financing.
  • HAL's Debt to Equity ratio of 0.28 is fine compared to the rest of the industry. HAL outperforms 68.42% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF 3.14
Altman-Z 1.71
ROIC/WACC0.92
WACC7.59%
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

  • HAL has a Current Ratio of 1.51. 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 Current ratio, with a value of 1.51, HAL is in line with its industry, outperforming 57.89% of the companies in the same industry.
  • A Quick Ratio of 1.33 indicates that HAL should not have too much problems paying its short term obligations.
  • HAL has a Quick ratio (1.33) which is in line with its industry peers.
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.
  • The Earnings Per Share has been growing by 20.43% on average over the past years. This is a very strong growth
  • 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.
  • HAL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.86% yearly.
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

  • The Price/Earnings ratio is 9.68, which indicates a very decent valuation of HAL.
  • Based on the Price/Earnings ratio, HAL is valued a bit cheaper than 71.93% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.71. HAL is valued rather cheaply when compared to this.
  • HAL is valuated correctly with a Price/Forward Earnings ratio of 12.48.
  • HAL's Price/Forward Earnings is on the same level as the industry average.
  • HAL's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 38.09.
Industry RankSector Rank
PE 9.68
Fwd PE 12.48
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

  • HAL's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. HAL is cheaper than 78.95% 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 71.93% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 10.13
EV/EBITDA 4.71
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.
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

  • HAL has a Yearly Dividend Yield of 2.04%.
  • HAL's Dividend Yield is a higher than the industry average which is at 2.27.
  • HAL's Dividend Yield is comparable with the S&P500 average which is at 1.81.
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

  • 16.40% of the earnings are spent on dividend by HAL. This is a low number and sustainable payout ratio.
  • HAL's earnings are growing slower than its dividend. 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 (4/21/2026, 5:29:56 PM)

171.2

+0.4 (+0.23%)

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 Cap15.47B
Revenue(TTM)12.81B
Net Income(TTM)1.60B
Analysts80
Price Target182.58 (6.65%)
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 9.68
Fwd PE 12.48
P/S 1.21
P/FCF 10.13
P/OCF 5.77
P/B 0.99
P/tB 1.24
EV/EBITDA 4.71
EPS(TTM)17.68
EY10.33%
EPS(NY)13.71
Fwd EY8.01%
FCF(TTM)16.9
FCFY9.87%
OCF(TTM)29.69
OCFY17.34%
SpS141.77
BVpS172.94
TBVpS137.86
PEG (NY)N/A
PEG (5Y)0.47
Graham Number262.29 (53.21%)
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
WACC7.59%
ROIC/WACC0.92
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 9.68 and the Price/Book (PB) ratio is 0.99.


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.