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HAL Trust (HAL) AI Stock Analysis
HAL Trust
(Amsterdam:HAL)
HAL Trust scores 68, driven primarily by its compelling valuation — a P/E of 2.67 offers a substantial discount even after adjusting for holding company dynamics, providing a strong margin of safety. Financial performance is stable with improving free cash flow and a deleveraging balance sheet, though revenue contraction and modest ROE limit upside enthusiasm. Technicals confirm a healthy medium-term uptrend but show near-term consolidation with neutral momentum indicators. The low beta (0.53) reinforces HAL's defensive character. Key risks include declining top-line growth, earnings quality concerns inherent to diversified holding companies, and the absence of strong near-term catalysts. The stock is best suited for value-oriented investors seeking defensive exposure with downside protection.
HAL Trust (HAL) vs. iShares MSCI Netherlands ETF (EWN)
- Market Cap
- EUR 15.35B
- Dividend Yield
- 2.06%
- Average Volume (3M)
- 10.38K
- Price to Earnings (P/E)
- 10.7
- 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...
How the Company Makes Money
HAL makes money primarily as an investment holding company by earning returns from its portfolio companies and investments. Key revenue and value-creation mechanisms include: (1) Dividends and profit distributions received from subsidiaries and assoc...
HAL Trust Financial Statement Overview
Summary
HAL Trust shows solid long-term revenue and earnings growth, with net income rising from €623M (2020) to a projected €1.6B (2025) and a strengthening balance sheet with declining leverage (D/E from 0.51 to 0.31). However, recent revenue contraction (~-0.04% in 2024, -5.6% projected for 2025), volatile margins, and modest ROE (7-10%) temper the outlook. Free cash flow is rebounding strongly to an estimated €1.5B in 2025, but historical cash flow volatility is a concern. The income statement score of 58, balance sheet score of 65, and cash flow score of 62 collectively point to a stable but unspectacular financial profile.
Income Statement
58NeutralBalance Sheet
65PositiveCash Flow
62Positive| 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
Price Trends
Market Momentum
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 170.00 is above the 20-day moving average (MA) of 164.83, above the 50-day MA of 163.87, and above the 200-day MA of 164.78, indicating a bullish trend. The MACD of 1.59 indicates Negative momentum. The RSI at 67.66 is Neutral, neither overbought nor oversold. The STOCH value of 92.79 is Negative, 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
- NL:HAL68Neutral
NL:CVC66.25Neutral
Financial Indicators
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| NL:HAL | HAL Trust | 170.00 | 36.59 | 27.43% | |
| NL:PBH | PB Holding NV | 3.32 | 0.52 | 18.57% | |
| NL:VALUE | VALUE8 N V | 6.35 | -0.14 | -2.20% | |
| NL:CVC | CVC Capital Partners plc | 13.42 | -0.62 | -4.44% |
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: Aug 04, 2026