Haleon plc

LSE:HLN Stock Report

Market Cap: UK£32.1b

Haleon Future Growth

Future criteria checks 1/6

Haleon is forecast to grow earnings and revenue by 6.3% and 3.9% per annum respectively. EPS is expected to grow by 7.2% per annum. Return on equity is forecast to be 11.5% in 3 years.

Key information

6.3%

Earnings growth rate

7.20%

EPS growth rate

Pharmaceuticals earnings growth10.1%
Revenue growth rate3.9%
Future return on equity11.52%
Analyst coverage

Good

Last updated03 Jul 2026

Recent future growth updates

Recent updates

Narrative Update • Jul 01

HLN: Lower Forward P E Assumptions Will Pressure Future Share Price

Haleon’s analyst price target has been trimmed by £0.10 to £3.15, as analysts factor in a slightly lower assumed future P/E, alongside recent Street moves that have reduced targets and, in one case, shifted the stock to a Neutral stance. Analyst Commentary Recent Street research on Haleon points to a more cautious tone, with several bearish analysts trimming price targets and reassessing risk around valuation, execution and future growth assumptions.
Narrative Update • Jun 17

HLN: Cautious Ratings And Execution Progress Will Guide Future Share Price

Haleon’s latest Narrative Update reflects a modest reset in analyst expectations, with the average price target easing in line with recent cuts to £4.30 and £3.65 from major banks as analysts factor in slightly revised assumptions on revenue growth, profit margin and future P/E multiples. Analyst Commentary on Haleon stock Recent Street research on Haleon points to a more cautious tone, with several bearish analysts trimming price targets and, in at least one case, moving to a more neutral stance on the shares.
Narrative Update • Jun 01

HLN: Mixed Rating Revisions And Execution Risks Will Shape Future Upside

Narrative Update The analyst price target for Haleon has been trimmed by about £0.10 per share. This reflects slightly softer revenue growth assumptions, a higher discount rate, and a lower future P/E, partly offset by firmer profit margin expectations and a mix of recent target moves from Berenberg, Morgan Stanley, and Deutsche Bank.
Narrative Update • May 10

HLN: Cash Returns And China Expansion Will Support Future Premium Re Rating

Haleon's updated analyst price target of £5.12, which compares with prior targets in the £4.40 to £5.17 range, reflects modest tweaks to assumptions on discount rate, revenue growth, profit margin, and future P/E as analysts reassess the stock following recent mixed target changes across the Street. Analyst Commentary Recent Street research on Haleon presents a mixed picture, but there are clear pockets of optimism as some bullish analysts fine tune their targets around current valuation frameworks.
Narrative Update • Apr 22

HLN: Cash Returns And China Expansion Will Support Future Re Rating Potential

Narrative Update on Haleon Haleon's analyst price targets have shifted modestly higher, with recent moves such as Berenberg's adjustment to £5.12 from £5.10 and Morgan Stanley's move to £4.40 from £4.20, as analysts point to slightly stronger assumptions for revenue growth and profit margins, along with a marginally lower future P/E. Analyst Commentary Recent research points to a generally constructive tone around Haleon, with several bullish analysts adjusting price targets higher in the latest updates.
Analysis Article • Apr 09

If EPS Growth Is Important To You, Haleon (LON:HLN) Presents An Opportunity

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Narrative Update • Apr 07

HLN: Execution And Cash Returns Will Support Future Re Rating Potential

Haleon's analyst price targets have edged higher, with recent moves such as Berenberg's lift to £5.12 and Morgan Stanley's increase to £4.40. These changes reflect analysts' updated views on slightly stronger revenue growth and profit margin assumptions, alongside modestly adjusted future P/E expectations.
Narrative Update • Mar 24

HLN: Execution And Cash Returns Will Support Future Re Rating Potential

Haleon's analyst price target has been nudged up from £5.10 to £5.12, reflecting analysts' updated assumptions for slightly higher revenue growth and profit margins, together with recent target increases and rating changes across several research houses. Analyst Commentary Recent Street research on Haleon has been active, with several bullish analysts adjusting their targets and ratings while one major European house turned more cautious.
Narrative Update • Mar 10

HLN: Execution And New Operating Model Will Support Future Re Rating Potential

The analyst price target for Haleon has inched down from £5.17 to £5.10. This reflects a mix of recent research in which some analysts trimmed expectations on growth and valuation multiples, while others turned more positive on the shares overall.
Narrative Update • Feb 23

HLN: Execution And Margin Delivery Concerns Will Limit Upside Potential

Our updated analyst price target for Haleon edges lower to £5.10. This reflects modest tweaks to growth and margin assumptions as analysts balance recent target cuts with upgrades, while keeping long term expectations for revenue, profitability and P/E broadly in line with prior views.
Narrative Update • Feb 09

HLN: Sector Headwinds And Execution Risks Will Constrain Upside Potential

Narrative Update on Haleon The latest analyst price target for Haleon has been revised, reflecting Street research that highlights modestly lower revenue growth assumptions, slightly higher profit margin expectations, and updated sector views following recent upgrades and one downgrade. Analyst Commentary Recent Street research on Haleon has been mixed, with several firms updating their views in quick succession.
Narrative Update • Jan 26

HLN: Portfolio Execution And New Operating Model Will Support Re Rating

The average analyst price target for Haleon has edged up to £5.17 from £5.10, as analysts cite slightly higher margin assumptions, a modest reset to revenue growth expectations, and supportive recent rating changes and target increases from several firms across the Street. Analyst Commentary Recent Street research on Haleon has been active, with both bullish and more cautious voices weighing in.
Narrative Update • Jan 11

HLN: Modest Uplift In Outlook Will Balance Execution And Valuation Risks

Analysts have raised their Haleon price target by £0.10, from 507 GBp to 517 GBp. This change reflects updated assumptions for slightly higher revenue growth, a small adjustment to profit margins, and a modestly lower future P/E. Analyst Commentary The latest price target move to 517 GBp signals that at least one research house still sees room for upside in Haleon, but the change is relatively modest.
Narrative Update • Dec 26

HLN: Rising Confidence In Earnings And Cash Generation Will Support Re Rating

Analysts have nudged their price target on Haleon higher to approximately £5.17 from about £5.07, citing stronger projected revenue growth and a modestly higher future valuation multiple, despite a slightly increased discount rate and marginally lower profit margin assumptions. Analyst Commentary Bullish analysts have reiterated a constructive stance on Haleon, underscored by a series of incremental price target increases that signal growing confidence in the company’s earnings trajectory and cash generation.
Analysis Article • Dec 20

Is Now The Time To Put Haleon (LON:HLN) On Your Watchlist?

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Narrative Update • Dec 12

HLN: Modest Price Objective Increase Will Highlight Balanced Outlook And Execution Risks

Analysts have modestly raised their fair value estimate for Haleon, reflecting a series of incremental price target increases to approximately 517 GBp. This change indicates growing confidence in the company’s accelerating revenue growth and resilient margins, despite a slightly higher discount rate. Analyst Commentary While the latest price target revisions for Haleon are modestly positive, some bearish analysts highlight that the incremental nature of these changes underscores lingering uncertainty around the company’s long term growth trajectory.
Analysis Article • Nov 14

Are Investors Undervaluing Haleon plc (LON:HLN) By 35%?

Key Insights The projected fair value for Haleon is UK£5.76 based on 2 Stage Free Cash Flow to Equity Current share...
Analysis Article • Oct 27

Earnings Not Telling The Story For Haleon plc (LON:HLN)

Haleon plc's ( LON:HLN ) price-to-earnings (or "P/E") ratio of 20.5x might make it look like a sell right now compared...
Analysis Article • Sep 15

Haleon (LON:HLN) Seems To Use Debt Quite Sensibly

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Analysis Article • Aug 28

We Ran A Stock Scan For Earnings Growth And Haleon (LON:HLN) Passed With Ease

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
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New Narrative • Mar 02

Sensodyne IND 20 And Cost Savings Will Strengthen Future Market Position

Haleon is driving growth through innovation and international expansion in emerging markets, enhancing market share and revenue.

Earnings and Revenue Growth Forecasts

LSE:HLN - Analysts future estimates and past financials data (GBP Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202812,3982,0672,0202,86815
12/31/202711,8911,9011,8572,66716
12/31/202611,3991,7431,6162,43116
12/31/202511,0301,6672,2212,634N/A
9/30/202511,0141,468N/AN/AN/A
6/30/202511,0191,5222,1452,486N/A
3/31/202511,0541,422N/AN/AN/A
12/31/202411,2331,4422,3082,301N/A
9/30/202411,2401,208N/AN/AN/A
6/30/202411,2581,0882,4552,193N/A
3/31/202411,2351,083N/AN/AN/A
12/31/202311,3021,0492,0102,100N/A
9/30/202311,3141,250N/AN/AN/A
6/30/202311,4081,2301,7962,132N/A
3/31/202311,2171,106N/AN/AN/A
12/31/202210,8581,0601,7712,063N/A
9/30/202210,5601,390N/AN/AN/A
6/30/202210,1581,4161,6041,802N/A
3/31/20229,8661,500N/AN/AN/A
12/31/20219,5451,3901,1951,356N/A
12/31/20209,8921,1452,0131,407N/A
12/31/20198,480655663786N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: HLN's forecast earnings growth (6.3% per year) is above the savings rate (3.4%).

Earnings vs Market: HLN's earnings (6.3% per year) are forecast to grow slower than the UK market (11.4% per year).

High Growth Earnings: HLN's earnings are forecast to grow, but not significantly.

Revenue vs Market: HLN's revenue (3.9% per year) is forecast to grow slower than the UK market (4.6% per year).

High Growth Revenue: HLN's revenue (3.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: HLN's Return on Equity is forecast to be low in 3 years time (11.5%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/05 00:43
End of Day Share Price 2026/07/03 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Haleon plc is covered by 26 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Iain SimpsonBarclays
Warren AckermanBarclays
Bethan DaviesBerenberg