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HAL TRUST (HAL.AS) Stock Fundamental Analysis

Europe - AMS:HAL - BMG455841020 - Common Stock

136.2 EUR
-1.2 (-0.87%)
Last: 10/29/2025, 5:29:57 PM
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to HAL. HAL was compared to 51 industry peers in the Financial Services industry. HAL has only an average score on both its financial health and profitability. HAL scores decently on growth, while it is valued quite cheap. This could make an interesting combination.


Dividend Valuation Growth Profitability Health

6

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.
In the past 5 years HAL has always been profitable.
Each year in the past 5 years HAL had a positive operating cash flow.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

1.2 Ratios

Looking at the Return On Assets, with a value of 6.27%, HAL belongs to the top of the industry, outperforming 86.27% of the companies in the same industry.
HAL has a Return On Equity of 11.44%. This is in the better half of the industry: HAL outperforms 68.63% of its industry peers.
HAL has a Return On Invested Capital of 7.40%. This is in the better half of the industry: HAL outperforms 68.63% of its industry peers.
The Average Return On Invested Capital over the past 3 years for HAL is significantly below the industry average of 10.03%.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

1.3 Margins

Looking at the Profit Margin, with a value of 13.14%, HAL is in the better half of the industry, outperforming 64.71% of the companies in the same industry.
HAL's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 15.22%, HAL perfoms like the industry average, outperforming 58.82% of the companies in the same industry.
HAL's Operating Margin has improved in the last couple of years.
HAL's Gross Margin of 58.42% is in line compared to the rest of the industry. HAL outperforms 58.82% 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

4

2. Health

2.1 Basic Checks

HAL has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some 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.
The debt/assets ratio for HAL has been reduced compared to a year ago.
HAL.AS Yearly Shares OutstandingHAL.AS Yearly Shares OutstandingYearly Shares Outstanding 2015 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B 25B

2.2 Solvency

HAL has an Altman-Z score of 1.58. 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 1.58. This is comparable to the rest of the industry: HAL outperforms 47.06% of its industry peers.
HAL has a debt to FCF ratio of 4.10. This is a neutral value as HAL would need 4.10 years to pay back of all of its debts.
HAL has a Debt to FCF ratio of 4.10. This is in the better half of the industry: HAL outperforms 66.67% 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 line with its industry, outperforming 58.82% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.31
Debt/FCF 4.1
Altman-Z 1.58
ROIC/WACC1.03
WACC7.17%
HAL.AS Yearly LT Debt VS Equity VS FCFHAL.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 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 Current ratio (1.48) which is in line with 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.
The Quick ratio of HAL (1.30) is comparable to the rest of the 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

4

3. Growth

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.
The Revenue has been growing by 19.38% on average over the past years. This is quite good.
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 -7.61% 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 3.56% on average per year.
EPS Next Y-17.37%
EPS Next 2Y-12.57%
EPS Next 3Y-7.61%
EPS Next 5YN/A
Revenue Next Year4.19%
Revenue Next 2Y3.78%
Revenue Next 3Y3.56%
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 2014 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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 5 10 15

7

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 7.14, which indicates a rather cheap valuation of HAL.
86.27% of the companies in the same industry are more expensive than HAL, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of HAL to the average of the S&P500 Index (26.76), we can say HAL is valued rather cheaply.
With a Price/Forward Earnings ratio of 9.92, the valuation of HAL can be described as very reasonable.
70.59% of the companies in the same industry are more expensive than HAL, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.63, HAL is valued rather cheaply.
Industry RankSector Rank
PE 7.14
Fwd PE 9.92
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 40

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, HAL is valued cheaply inside the industry as 82.35% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, HAL is valued a bit cheaper than 70.59% of the companies in the same industry.
Industry RankSector Rank
P/FCF 10.52
EV/EBITDA 3.27
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.
HAL's earnings are expected to decrease with -7.61% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.57
EPS Next 2Y-12.57%
EPS Next 3Y-7.61%

4

5. Dividend

5.1 Amount

HAL has a Yearly Dividend Yield of 2.10%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.47, HAL pays a bit more dividend than its industry peers.
HAL's Dividend Yield is comparable with the S&P500 average which is at 2.31.
Industry RankSector Rank
Dividend Yield 2.1%

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 0.5 1 1.5 2 2.5

5.3 Sustainability

15.21% of the earnings are spent on dividend by HAL. This is a low number and sustainable payout ratio.
DP15.21%
EPS Next 2Y-12.57%
EPS Next 3Y-7.61%
HAL.AS Yearly Income VS Free CF VS DividendHAL.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 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

HAL TRUST

AMS:HAL (10/29/2025, 5:29:57 PM)

136.2

-1.2 (-0.87%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)08-28 2025-08-28
Earnings (Next)11-26 2025-11-26
Inst Owners1.2%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap12.31B
Revenue(TTM)13.12B
Net Income(TTM)1.72B
Analysts82.86
Price Target162.52 (19.32%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.1%
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)0%
PT rev (3m)10.14%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)1.52%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.68%
Valuation
Industry RankSector Rank
PE 7.14
Fwd PE 9.92
P/S 0.94
P/FCF 10.52
P/OCF 4.78
P/B 0.82
P/tB 1.04
EV/EBITDA 3.27
EPS(TTM)19.08
EY14.01%
EPS(NY)13.74
Fwd EY10.09%
FCF(TTM)12.95
FCFY9.5%
OCF(TTM)28.47
OCFY20.9%
SpS145.16
BVpS166.7
TBVpS131.13
PEG (NY)N/A
PEG (5Y)0.57
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 1.58
F-Score8
WACC7.17%
ROIC/WACC1.03
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-17.37%
EPS Next 2Y-12.57%
EPS Next 3Y-7.61%
EPS Next 5YN/A
Revenue 1Y (TTM)4.38%
Revenue growth 3Y19.62%
Revenue growth 5Y19.38%
Sales Q2Q%8.95%
Revenue Next Year4.19%
Revenue Next 2Y3.78%
Revenue Next 3Y3.56%
Revenue Next 5YN/A
EBIT growth 1Y39.08%
EBIT growth 3Y27.88%
EBIT growth 5Y24.64%
EBIT Next Year50.74%
EBIT Next 3Y12.47%
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 for HAL stock?

ChartMill assigns a valuation rating of 7 / 10 to HAL TRUST (HAL.AS). This can be considered as Undervalued.


What is the profitability of HAL stock?

HAL TRUST (HAL.AS) has a profitability rating of 6 / 10.


Can you provide the financial health for HAL stock?

The financial health rating of HAL TRUST (HAL.AS) is 4 / 10.


Can you provide the expected EPS growth for HAL stock?

The Earnings per Share (EPS) of HAL TRUST (HAL.AS) is expected to decline by -17.37% in the next year.