HAL Trust (HAL) AI Stock Analysis

6 Followers

HAL Trust

(Amsterdam:HAL)

Select Model

Rating:75Outperform

Price Target:EUR 195.00▲(11.68% Upside)

Action:reiterated

Date:11/05/26

The score is driven primarily by solid financial strength (strong cash generation and a healthier balance sheet), supported by a favorable valuation (low P/E with a dividend). Technicals are constructive with price above key moving averages and positive MACD, though an overbought stochastic reading adds some near-term caution.

Positive Factors

Balance-sheet resilienceManageable leverage, declining debt from the prior peak, and steadily growing equity provide HAL with financial resilience. This supports continued investment and capital allocation while reducing the balance-sheet strain that could otherwise limit flexibility during weaker portfolio conditions.

Negative Factors

Recent revenue contractionThe recent revenue decline signals a cooling top-line trajectory after the earlier expansion period. If sustained, weaker revenue growth could limit operating leverage, reduce the contribution from underlying businesses, and make future earnings growth more dependent on portfolio actions or profitability improvements.

HAL Trust (HAL) vs. iShares MSCI Netherlands ETF (EWN)

Market Cap: EUR 15.54B
Dividend Yield: 2.00%
Average Volume (3M): 10.63K
Price to Earnings (P/E): 11.0
Beta (1Y): 0.56
Revenue Growth: -4.57%
EPS Growth: -17.05%
Country: Netherlands
Employees: 34,583
Sector: General
Sector Strength: 55
Industry: Financial - Conglomerates

HAL Trust Business Overview & Revenue Model

Company Description

HAL Trust is an investment company, which engages in portfolio management and real estate asset development and management. It operates through the following segments: Unquoted, Quoted Interests, Real Estate, and Liquid Portfolio. The Unquoted segmen...

HAL Trust Financial Statement Overview

Summary

Financials look solid overall: balance sheet leverage is manageable with steadily rising equity and improved ROE, and operating cash flow has been consistently strong with a notable free-cash-flow rebound in 2025. Offsetting this strength, revenue has declined in 2024–2025 and profitability/cash-flow metrics have been volatile year to year, raising stability/forecasting risk.

Income Statement

66Positive

Balance Sheet

74Positive

Cash Flow

77Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	12.23B	12.55B	12.51B	12.99B	10.02B	7.31B
Gross Profit	3.28B	3.23B	4.79B	7.08B	3.40B	2.93B
EBITDA	2.75B	3.47B	3.26B	2.90B	895.80M	4.91B
Net Income	1.43B	1.60B	1.21B	1.00B	646.80M	4.27B
Balance Sheet
Total Assets	28.90B	28.14B	27.34B	26.34B	26.71B	22.62B
Cash, Cash Equivalents and Short-Term Investments	4.84B	4.97B	4.32B	4.77B	5.69B	6.69B
Total Debt	4.81B	4.80B	4.83B	4.84B	6.22B	4.80B
Total Liabilities	10.46B	10.41B	10.43B	10.47B	11.48B	7.82B
Stockholders Equity	16.28B	15.63B	14.78B	13.68B	13.01B	12.43B
Cash Flow
Free Cash Flow	1.64B	1.49B	1.22B	1.26B	505.00M	665.00M
Operating Cash Flow	2.65B	2.68B	2.62B	2.41B	1.44B	1.49B
Investing Cash Flow	-97.10M	-266.60M	-1.88B	31.00M	-2.03B	-749.90M
Financing Cash Flow	-561.40M	-627.50M	-818.50M	-1.84B	395.20M	-73.50M

HAL Trust Technical Analysis

Technical Analysis SentimentPositive

Last Price174.60

Price Trends

50DMA165.79Positive

100DMA164.60Positive

200DMA165.74Positive

Market Momentum

MACD2.19Negative

RSI68.05Neutral

STOCH67.62Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:HAL, the sentiment is Positive. The current price of 174.60 is above the 20-day moving average (MA) of 168.88, above the 50-day MA of 165.79, and above the 200-day MA of 165.74, indicating a bullish trend. The MACD of 2.19 indicates Negative momentum. The RSI at 68.05 is Neutral, neither overbought nor oversold. The STOCH value of 67.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:HAL.

HAL Trust Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

NL:HAL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NL:HAL	75Outperform	EUR 15.54B	11.03	8.96%	2.00%	-4.57%	-17.05%
NL:CVC	72Outperform	EUR 15.51B	12.21	―	3.42%	13.61%	28.51%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

NL:HAL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
NL:HAL	HAL Trust	174.60	40.21	29.92%
NL:PBH	PB Holding NV	3.32	0.62	22.96%
NL:VALUE	VALUE8 N V	6.30	-0.19	-2.97%
NL:CVC	CVC Capital Partners plc	14.65	1.18	8.72%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 04, 2026

HAL Trust AI Stock Analysis