HAL Trust (HAL) AI Stock Analysis

HAL Trust

(Amsterdam:HAL)

Select Model

Rating:72Outperform

Price Target:EUR 184.00▲(7.60% Upside)

Action:reiterated

Date:08/06/26

Strong valuation and solid financial foundation drive the score, supported by neutral technicals; revenue and margin challenges temper upside potential.

Positive Factors

Improving balance sheetHAL's equity growth and rising ROE reflect improving capital efficiency and a more resilient balance sheet. Manageable leverage and declining debt versus prior peaks increase financial flexibility for reinvestment, dividends, or opportunistic acquisitions over the medium term.

Negative Factors

Recent revenue declineTwo consecutive years of top-line contraction reduce the visibility of organic growth and heighten reliance on dividends and disposal gains. Sustained revenue weakness can compress operating leverage and limit internal funding for expansion or reinvestment over the medium term.

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 balance sheet growth and strong cash flow generation, but income statement reveals revenue declines and margin compression, leading to a moderate overall financial score.

Income Statement

65Positive

Balance Sheet

75Positive

Cash Flow

70Positive

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 Price171.00

Price Trends

50DMA163.87Positive

100DMA163.99Positive

200DMA164.78Positive

Market Momentum

MACD1.59Negative

RSI67.66Neutral

STOCH92.79Negative

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 171.00 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

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:CVC	74Outperform	EUR 13.99B	11.18	―	3.73%	13.61%	28.51%
NL:HAL	72Outperform	EUR 15.35B	10.74	8.96%	2.06%	-4.57%	-17.05%
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	170.00	36.98	27.80%
NL:PBH	PB Holding NV	3.32	0.52	18.57%
NL:VALUE	VALUE8 N V	6.35	-0.29	-4.34%
NL:CVC	CVC Capital Partners plc	13.42	-0.52	-3.72%

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: Aug 04, 2026

HAL Trust AI Stock Analysis