MISX:HALS

Stock Analysis Report

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Executive Summary

Public Joint Stock Company HALS-Development operates as a real estate development company in Russia.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

How has HALS-Development's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HALS's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

2.1%

HALS

3.3%

RU Real Estate

2.4%

RU Market


1 Year Return

3.7%

HALS

1.3%

RU Real Estate

1.3%

RU Market

Return vs Industry: HALS exceeded the Russian Real Estate industry which returned -0.3% over the past year.

Return vs Market: HALS exceeded the Russian Market which returned -1.1% over the past year.


Shareholder returns

HALSIndustryMarket
7 Day2.1%3.3%2.4%
30 Day7.1%7.1%5.1%
90 Day-21.0%-10.7%-3.3%
1 Year3.7%3.7%3.4%1.3%8.0%1.3%
3 Year-30.8%-30.8%23.5%14.1%63.5%37.5%
5 Year-46.4%-46.4%68.0%44.7%117.8%69.6%

Price Volatility Vs. Market

How volatile is HALS-Development's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is HALS-Development undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether HALS-Development is trading at an attractive price based on the cash flow it is expected to produce in the future. But as HALS-Development has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of HALS’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through HALS-Development regulatory filings.
  • Explore potentially undervalued companies in the Real Estate industry.

Future Growth

How is HALS-Development forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-2.2%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as HALS-Development has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has HALS-Development performed over the past 5 years?

49.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HALS is currently unprofitable.

Growing Profit Margin: HALS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HALS is unprofitable, but has reduced losses over the past 5 years at a rate of 49.1% per year.

Accelerating Growth: Unable to compare HALS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HALS is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (7.6%).


Return on Equity

High ROE: HALS's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is HALS-Development's financial position?


Financial Position Analysis

Short Term Liabilities: HALS has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: HALS has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: HALS has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: HALS's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if HALS has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if HALS has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is HALS-Development's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate HALS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate HALS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if HALS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if HALS's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HALS's dividend in 3 years as they are not forecast to pay a notable one for the Russian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.0yrs

Average management tenure


CEO

Viktor Adamov (35yo)

1

Tenure

Mr. Viktor Yevgenievich Adamov serves as President and Chairman of the Management Board at Public Joint Stock Company HALS-Development since June 3, 2019. He started his working career with positions in co ...


Leadership Team

NamePositionTenureCompensationOwnership
Viktor Adamov
Chairman of the Management Board & President1yrno datano data
Alexander Tsyplyakov
VP, Director of Finance & Member of Management Board2.75yrsno datano data
Andrey Chernukha
VP & Director of Administration2.08yrsno datano data
Yekaterina Batynkova
Sales Directorno datano datano data
Yulia Mudritskaya
Marketing Director1yrno datano data
Andrey Mukhin
VP & Head of Commerce1yrno datano data
Ivan Zuyev
VP & Head of Development1yrno datano data
Yekaterina Regeda
VP & Head of Legal Project Support1yrno datano data
Elizaveta Bekreneva
Corporate Secretaryno datano datano data

1.0yrs

Average Tenure

38yo

Average Age

Experienced Management: HALS's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Andrey Puchkov
Chairman9.92yrsno datano data
Andrey Luginin
Director9yrsno datano data
Konstantin Lapin
Directorno datano datano data
Victor Adamov
Director5.08yrsno datano data

9.0yrs

Average Tenure

Experienced Board: HALS's board of directors are considered experienced (9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Public Joint Stock Company HALS-Development's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Public Joint Stock Company HALS-Development
  • Ticker: HALS
  • Exchange: MISX
  • Founded:
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: ₽8.627b
  • Shares outstanding: 11.03m
  • Website: https://en.hals-development.ru

Location

  • Public Joint Stock Company HALS-Development
  • Building 4
  • 35 Bolshaya Tatarskaya Street
  • Moscow
  • 115184
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HALSMISX (Micex - Rts)YesCommon SharesRURUBNov 2007

Biography

Public Joint Stock Company HALS-Development operates as a real estate development company in Russia. The company offers residential real estate properties; and leases and sells commercial real estate properties. Its projects portfolio includes residential complexes, business quarters, shopping centers, mixed-use complexes, and landmark urban facilities, including Children's Dreamhouse Mall, SkyLight Business Center, and Danilovsky Fort Business Center. The company is based in Moscow, Russia. Public Joint Stock Company HALS-Development operates as a subsidiary of VTB Bank public joint-stock company 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/02 22:35
End of Day Share Price2020/06/02 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.