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HAL Trust

ENXTAM:HAL
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HAL
ENXTAM
€11B
Market Cap
  1. Home
  2. NL
  3. Diversified Financials
Company description

HAL Trust, through its subsidiaries, primarily owns and operates optical retail chains. The last earnings update was 174 days ago. More info.


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HAL Share Price and Events
7 Day Returns
2.3%
ENXTAM:HAL
4.7%
Europe Diversified Financial
2.1%
NL Market
1 Year Returns
-10.3%
ENXTAM:HAL
-5.2%
Europe Diversified Financial
1.9%
NL Market
HAL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
HAL Trust (HAL) 2.3% -1% -2.5% -10.3% -13% 39.2%
Europe Diversified Financial 4.7% 4.9% 12.3% -5.2% 25.5% 53.2%
NL Market 2.1% 5.3% 5.2% 1.9% 28.1% 24.8%
1 Year Return vs Industry and Market
  • HAL underperformed the Diversified Financial industry which returned -5.2% over the past year.
  • HAL underperformed the Market in Netherlands which returned 1.9% over the past year.
Price Volatility
HAL
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for HAL Trust's competitors could be found in our database.

HAL Value

 Is HAL Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of HAL Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for HAL Trust.

ENXTAM:HAL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= €90.65 * 9.3%
€8.44
Book Value of Equity per Share Median Book Value from the past 5 years. €90.65
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year NL Government Bond Rate 0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTAM:HAL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NL Govt Bond Rate 0.4%
Equity Risk Premium S&P Global 9.6%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.66
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.664 (1 + (1- 21%) (34.15%))
0.843
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.37% + (0.843 * 9.63%)
8.49%

Discounted Cash Flow Calculation for ENXTAM:HAL using Excess Returns Model Model

The calculations below outline how an intrinsic value for HAL Trust is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

ENXTAM:HAL Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.3% – 8.49%) * €90.65)
€0.74
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €0.74 / (8.49% - 0.37%)
€9.14
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €90.65 + €9.14
€99.79
ENXTAM:HAL Discount to Share Price
Calculation Result
Value per share (EUR) From above. €99.79
Current discount Discount to share price of €133.80
= -1 x (€133.80 - €99.79) / €99.79
-34.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of HAL Trust is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for HAL Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are HAL Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTAM:HAL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in EUR €2.62
ENXTAM:HAL Share Price ** ENXTAM (2019-02-19) in EUR €133.8
Europe Diversified Financial Industry PE Ratio Median Figure of 41 Publicly-Listed Diversified Financial Companies 11.16x
Netherlands Market PE Ratio Median Figure of 81 Publicly-Listed Companies 16.33x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of HAL Trust.

ENXTAM:HAL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTAM:HAL Share Price ÷ EPS (both in EUR)

= 133.8 ÷ 2.62

51.13x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • HAL Trust is overvalued based on earnings compared to the Europe Diversified Financial industry average.
  • HAL Trust is overvalued based on earnings compared to the Netherlands market.
Price based on expected Growth
Does HAL Trust's expected growth come at a high price?
Raw Data
ENXTAM:HAL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 51.13x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
27%per year
Europe Diversified Financial Industry PEG Ratio Median Figure of 20 Publicly-Listed Diversified Financial Companies 1.82x
Netherlands Market PEG Ratio Median Figure of 61 Publicly-Listed Companies 1.6x

*Line of best fit is calculated by linear regression .

ENXTAM:HAL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 51.13x ÷ 27%

1.9x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • HAL Trust is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on HAL Trust's assets?
Raw Data
ENXTAM:HAL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in EUR €90.65
ENXTAM:HAL Share Price * ENXTAM (2019-02-19) in EUR €133.8
Europe Diversified Financial Industry PB Ratio Median Figure of 53 Publicly-Listed Diversified Financial Companies 1.16x
Netherlands Market PB Ratio Median Figure of 102 Publicly-Listed Companies 1.78x
ENXTAM:HAL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTAM:HAL Share Price ÷ Book Value per Share (both in EUR)

= 133.8 ÷ 90.65

1.48x

* Primary Listing of HAL Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • HAL Trust is overvalued based on assets compared to the Europe Diversified Financial industry average.
X
Value checks
We assess HAL Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Diversified Financial industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Diversified Financial industry average (and greater than 0)? (1 check)
  5. HAL Trust has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

HAL Future Performance

 How is HAL Trust expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
27%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is HAL Trust expected to grow at an attractive rate?
  • HAL Trust's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
  • HAL Trust's earnings growth is expected to exceed the Netherlands market average.
  • HAL Trust's revenue growth is expected to exceed the Netherlands market average.
Annual Growth Rates Comparison
Raw Data
ENXTAM:HAL Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTAM:HAL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 27%
ENXTAM:HAL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 4.3%
Europe Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 0.2%
Netherlands Market Earnings Growth Rate Market Cap Weighted Average 7.4%
Netherlands Market Revenue Growth Rate Market Cap Weighted Average 3.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTAM:HAL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTAM:HAL Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2019-12-31 8,682 375 2
2018-12-31 8,314 411 2
ENXTAM:HAL Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-06-30 8,152 1,075 210
2018-03-31 8,169 1,039 300
2017-12-31 8,186 1,003 391
2017-09-30 8,078 1,111 530
2017-06-30 7,953 1,218 670
2017-03-31 7,952 1,234 770
2016-12-31 7,951 1,249 871
2016-09-30 8,057 1,240 796
2016-06-30 8,163 1,232 721
2016-03-31 8,109 1,290 676
2015-12-31 8,054 1,349 630
2015-09-30 7,880 1,297 624

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • HAL Trust's earnings are expected to grow significantly at over 20% yearly.
  • HAL Trust's revenue is expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTAM:HAL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from HAL Trust Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTAM:HAL Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2019-12-31 4.49 4.49 4.49 1.00
2018-12-31 6.07 7.05 5.08 2.00
ENXTAM:HAL Past Financials Data
Date (Data in EUR Millions) EPS *
2018-06-30 2.62
2018-03-31 3.77
2017-12-31 4.93
2017-09-30 6.72
2017-06-30 8.53
2017-03-31 9.88
2016-12-31 11.25
2016-09-30 10.36
2016-06-30 9.45
2016-03-31 8.92
2015-12-31 8.38
2015-09-30 8.36

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if HAL Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess HAL Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
HAL Trust has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

HAL Past Performance

  How has HAL Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare HAL Trust's growth in the last year to its industry (Diversified Financial).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • HAL Trust's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • HAL Trust's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • HAL Trust's 1-year earnings growth is negative, it can't be compared to the Europe Diversified Financial industry average.
Earnings and Revenue History
HAL Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from HAL Trust Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTAM:HAL Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 8,151.60 209.50 3,337.80
2018-03-31 8,168.90 300.00 3,316.90
2017-12-31 8,186.20 390.50 3,296.00
2017-09-30 8,077.65 530.00 3,285.35
2017-06-30 7,953.00 669.50 3,334.60
2017-03-31 7,952.15 770.25 3,330.40
2016-12-31 7,951.30 871.00 3,326.20
2016-09-30 8,057.00 796.20 3,334.95
2016-06-30 8,162.70 721.40 3,343.70
2016-03-31 8,108.50 675.70 3,322.35
2015-12-31 8,054.30 630.00 3,301.00
2015-09-30 7,880.35 624.10 3,201.90
2015-06-30 7,706.40 618.20 3,102.80
2015-03-31 7,497.85 587.40 3,052.10
2014-12-31 7,289.30 556.60 3,001.40
2014-09-30 7,167.75 519.80 2,935.35
2014-06-30 7,046.20 483.00 2,869.30
2014-03-31 6,994.00 457.15 2,850.25
2013-12-31 6,941.80 431.30 2,831.20
2013-09-30 5,716.60 430.35 2,268.95
2013-06-30 5,704.70 421.80 2,254.80
2013-03-31 5,039.05 415.55 2,072.95
2012-12-31 4,373.40 409.30 1,891.10
2012-09-30 4,313.95 405.35 1,860.75
2012-06-30 4,257.40 401.50 1,834.00
2012-03-31 4,316.05 447.25 1,823.35

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • HAL Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • HAL Trust used its assets less efficiently than the Europe Diversified Financial industry average last year based on Return on Assets.
  • HAL Trust's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess HAL Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Diversified Financial industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
HAL Trust has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

HAL Health

 How is HAL Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up HAL Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • HAL Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • HAL Trust's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of HAL Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from HAL Trust Company Filings, last reported 7 months ago.

ENXTAM:HAL Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 9,566.90 3,732.90 2,848.80
2018-03-31 9,566.90 3,732.90 2,848.80
2017-12-31 9,750.90 3,460.80 2,829.90
2017-09-30 9,750.90 3,460.80 2,829.90
2017-06-30 9,619.50 3,866.60 3,227.10
2017-03-31 9,619.50 3,866.60 3,227.10
2016-12-31 9,758.90 3,891.40 3,377.10
2016-09-30 9,758.90 3,891.40 3,377.10
2016-06-30 8,861.90 3,943.70 2,403.60
2016-03-31 8,861.90 3,943.70 2,403.60
2015-12-31 8,562.80 4,381.60 2,496.60
2015-09-30 8,562.80 4,381.60 2,496.60
2015-06-30 8,193.60 4,301.60 2,333.20
2015-03-31 8,193.60 4,301.60 2,333.20
2014-12-31 6,502.90 4,317.50 1,299.20
2014-09-30 6,502.90 4,317.50 1,299.20
2014-06-30 6,245.70 3,722.10 929.90
2014-03-31 6,245.70 3,722.10 929.90
2013-12-31 6,073.00 3,475.20 830.90
2013-09-30 4,690.20 1,229.40 553.00
2013-06-30 4,462.80 1,293.60 493.80
2013-03-31 4,462.80 1,293.60 493.80
2012-12-31 4,206.70 1,398.50 469.70
2012-09-30 4,353.70 1,428.30 469.70
2012-06-30 4,196.90 1,227.90 424.20
2012-03-31 4,196.90 1,227.90 424.20
  • HAL Trust's level of debt (39%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (29% vs 39% today).
  • Debt is well covered by operating cash flow (28.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.6x coverage).
X
Financial health checks
We assess HAL Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. HAL Trust has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

HAL Dividends

 What is HAL Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.63%
Current annual income from HAL Trust dividends. Estimated to be 4.9% next year.
If you bought €2,000 of HAL Trust shares you are expected to receive €93 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • HAL Trust's pays a higher dividend yield than the bottom 25% of dividend payers in Netherlands (2.41%).
  • HAL Trust's dividend is below the markets top 25% of dividend payers in Netherlands (5.96%).
Upcoming dividend payment

Purchase HAL Trust on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTAM:HAL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 29 Stocks 3.2%
Netherlands Market Average Dividend Yield Market Cap Weighted Average of 67 Stocks 4%
Netherlands Minimum Threshold Dividend Yield 10th Percentile 1.6%
Netherlands Bottom 25% Dividend Yield 25th Percentile 2.4%
Netherlands Top 25% Dividend Yield 75th Percentile 6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTAM:HAL Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2019-12-31 6.55 2.00
2018-12-31 6.45 2.00
ENXTAM:HAL Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-04-04 6.200 4.305
2018-03-29 6.200 4.328
2017-04-05 7.100 4.402
2017-03-30 7.100 4.071
2016-04-05 6.500 3.785
2015-04-07 5.050 3.284
2015-03-31 5.050 3.573
2014-05-16 4.100 3.490
2013-01-24 3.900 4.087
2012-06-12 3.400 3.955
2011-06-14 3.750 4.548
2010-03-25 2.850 3.345
2010-03-01 2.850 3.886
2009-04-24 2.000 3.208
2009-03-25 2.000 4.075
2009-02-20 3.250 8.093

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of HAL Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess HAL Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can HAL Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. HAL Trust has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HAL Management

 What is the CEO of HAL Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • HAL Trust has no CEO, or we have no data on them.
Management Team

Mel Groot

TITLE
Chairman of Executive Board - HAL Holding NV
AGE
59
TENURE
4.3 yrs

Arie van't Hof

TITLE
CFO & Member of Executive Board - HAL Holding NV

J. Van Wiechen

TITLE
Member of Executive Board - HAL Holding NV
AGE
46
TENURE
4.3 yrs
Board of Directors Tenure

Average tenure and age of the HAL Trust board of directors in years:

3.8
Average Tenure
60
Average Age
  • The tenure for the HAL Trust board of directors is about average.
Board of Directors

Martijn van der Vorm

TITLE
Chairman of Supervisory Board - HAL Holding NV
AGE
60
TENURE
2.8 yrs

Lodewijk J. van den Bergh

TITLE
Vice Chairman of Supervisory Board - HAL Holding NV
AGE
55
TENURE
2.8 yrs

Theo de Raad

TITLE
Member of Supervisory Board - HAL Holding NV
AGE
73
TENURE
13.1 yrs

Hans Wijers

TITLE
Member of Supervisory Board - HAL Holding NV
AGE
67
TENURE
4.8 yrs

C. Van Der Vorm

TITLE
Member of Supervisory Board - HAL Holding NV
AGE
47
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess HAL Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. HAL Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

HAL News

Simply Wall St News

Should We Worry About HAL Trust's (AMS:HAL) P/E Ratio?

To keep it practical, we'll show how HAL Trust's (AMS:HAL) P/E ratio could help you assess the value on offer. … How Do I Calculate HAL Trust's Price To Earnings Ratio … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Is HAL Trust (AMS:HAL) An Attractive Dividend Stock?

Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … Historically, HAL Trust (AMS:HAL) has paid dividends to shareholders, and these days it yields 4.5%. … Let's take a look at HAL Trust in more detail.

Simply Wall St -

Is HAL Trust's (AMS:HAL) PE Ratio A Signal To Sell For Investors?

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … Though this might seem to be a negative, you might change your mind after I explain the assumptions behind the P/E ratio. … Check out our latest analysis for HAL Trust

Simply Wall St -

Is HAL Trust (AMS:HAL) An Attractive Dividend Stock?

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … In the past 10 years HAL Trust (AMS:HAL) has returned an average of 4.00% per year to investors in the form of dividend payouts. … 5 checks you should do on a dividend stock

Simply Wall St -

One Thing To Consider Before Buying HAL Trust (AMS:HAL)

See our latest analysis for HAL Trust An interpretation of HAL's beta HAL Trust’s beta of 0.34 indicates that the company is less volatile relative to the diversified market portfolio. … Based on this beta value, HAL appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … However, this is the opposite to what HAL’s actual beta value suggests, which is lower stock volatility relative to the market.

Simply Wall St -

How Does HAL Trust (AMS:HAL) Compare To The Financial Sector?

Financial services analysts are forecasting for the entire industry, a somewhat weaker growth of 7.45% in the upcoming year , and a whopping growth of 33.24% over the next couple of years. … HAL Trust lags the pack with its negative growth rate of -56.22% over the past year, which indicates the company will be growing at a slower pace than its diversified financial services peers. … In terms of returns, HAL Trust generated 6.09% in the past year, which is 2.16% below the diversified financial services sector.

Simply Wall St -

What Does HAL Trust's (AMS:HAL) Ownership Structure Look Like?

General Public Ownership The general public holds a substantial 98.98% stake in HAL, making it a highly popular stock among retail investors. … This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions.

Simply Wall St -

Is HAL Trust (AMS:HAL) A Sell At Its Current PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for HAL Price per share = €149.4 Earnings per share = €4.926 ∴ Price-Earnings Ratio = €149.4 ÷ €4.926 = 30.3x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … Since HAL's P/E of 30.3x is higher than its industry peers (14.4x), it means that investors are paying more than they should for each dollar of HAL's earnings. … For example, if you accidentally compared lower growth firms with HAL, then HAL’s P/E would naturally be higher since investors would reward HAL’s higher growth with a higher price.

Simply Wall St -

Why HAL Trust (AMS:HAL) Could Be A Buy

This means that if you believe the current share price should move towards its intrinsic value over time, a low beta could suggest it is not likely to reach that level anytime soon, and once it’s there, it may be hard to fall back down into an attractive buying range again. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. … If you believe HAL should trade below its current price, selling high and buying it back up again when its price falls towards its real value can be profitable.

Simply Wall St -

HAL Trust (AMS:HAL): Does The Earnings Decline Make It An Underperformer?

When HAL Trust (ENXTAM:HAL) released its most recent earnings update (30 June 2017), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … Check out our latest analysis for HAL Trust Was HAL's recent earnings decline worse than the long-term trend and the industry? … Viewing growth from a sector-level, the NL diversified financial industry has been growing its average earnings by double-digit 16.98% in the prior twelve months, and 13.00% over the past half a decade.

Simply Wall St -

HAL Company Info

Map
Description

HAL Trust, through its subsidiaries, primarily owns and operates optical retail chains. The company also supplies timber products and building materials through 101 outlets; produces composite panels for façade cladding, as well as laboratory furniture; manufactures panels for various interior surfaces, as well as cryogenic equipment; manufactures and distributes personal protective equipment; and distributes liquefied natural gas. In addition, it manufactures and sells orthopedic and other medical devices; operates a network of 33 specialized care centers and various fitting locations; publishes the Dutch financial newspaper, ‘Het Financieele Dagblad’, as well as operates BNR Nieuwsradio, a radio station; and offers horticultural communication products and services to growers, garden centers, and retailers. Further, the company develops and produces identification and timing equipment for sports events under the MYLAPS brand; provides business process outsourcing and factoring services for the Dutch health care sector; offers training for pilots using flight simulators; sells various products through the direct to consumer channel; and sells hearing aids. Additionally, it operates as a tank storage company for the oil and chemical industry; manufactures and distributes optical frames and sunglasses; develops and rents multi-family properties and office buildings in Seattle; and provides temporary staffing agency services. The company also offers dredging, maritime infrastructure, and maritime services; and floating production solutions to the offshore energy industry, as well as financial services. As of December 31, 2017, it operated 7,001 optical stores, including 1,184 franchise stores; and 30 gas tankers. The company has operations in Europe, North America, Asia, and internationally. HAL Trust was founded in 1873 and is based in Willemstad, Curaçao.

Details
Name: HAL Trust
HAL
Exchange: ENXTAM
Founded: 1873
€10,930,857,900
81,695,500
Website: http://www.halholding.com
Address: HAL Trust
Johan van Walbeeckplein 11A,
Willemstad,
Curaçao
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTAM HAL HAL Trust Shares Euronext Amsterdam NL EUR 24. Jan 2007
OTCPK HALF.F HAL Trust Shares Pink Sheets LLC US USD 24. Jan 2007
LSE 0K9V HAL Trust Shares London Stock Exchange GB EUR 24. Jan 2007
BATS-CHIXE HALA HAL Trust Shares BATS 'Chi-X Europe' GB EUR 24. Jan 2007
Number of employees
Current staff
Staff numbers
51,397
HAL Trust employees.
Industry
Multi-Sector Holdings
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/19 21:48
End of day share price update: 2019/02/19 00:00
Last estimates confirmation: 2018/11/22
Last earnings filing: 2018/08/29
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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 here.