HAL Trust

OTCPK:HALF.F Stock Report

Market Cap: US$10.9b

HAL Trust Valuation

Is HALF.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HALF.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HALF.F ($120.75) is trading below our estimate of fair value ($192.36)

Significantly Below Fair Value: HALF.F is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HALF.F?

Key metric: As HALF.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HALF.F. This is calculated by dividing HALF.F's market cap by their current earnings.
What is HALF.F's PE Ratio?
PE Ratio10.3x
Earnings€1.00b
Market Cap€10.32b

Price to Earnings Ratio vs Peers

How does HALF.F's PE Ratio compare to its peers?

The above table shows the PE ratio for HALF.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.9x
MPCF.F Metro Pacific Investments
6xn/aUS$1.4b
FOUR Shift4 Payments
54x28.7%US$8.9b
JKHY Jack Henry & Associates
31.6x8.6%US$12.6b
VOYA Voya Financial
12x14.5%US$7.8b
HALF.F HAL Trust
10.3x-0.5%US$10.3b

Price-To-Earnings vs Peers: HALF.F is good value based on its Price-To-Earnings Ratio (10.3x) compared to the peer average (25.9x).

Price to Earnings Ratio vs Industry

How does HALF.F's PE Ratio compare vs other companies in the US Diversified Financial Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FOA Finance of America Companies
1.4x-139.5%US$474.10m
PMIR PMI Group
1.2xn/aUS$6.80m
ACGX Alliance Creative Group
1.9xn/aUS$491.32k
No more companies available in this PE range
HALF.F 10.3xIndustry Avg. 18.8xNo. of Companies14PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HALF.F is good value based on its Price-To-Earnings Ratio (10.3x) compared to the US Diversified Financial industry average (17x).

Price to Earnings Ratio vs Fair Ratio

What is HALF.F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HALF.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.3x
Fair PE Ratio15.1x

Price-To-Earnings vs Fair Ratio: HALF.F is good value based on its Price-To-Earnings Ratio (10.3x) compared to the estimated Fair Price-To-Earnings Ratio (15.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HALF.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$120.75
US$162.10
+34.2%
6.1%US$174.62US$150.31n/a3
Nov ’25US$126.00
US$162.10
+28.6%
6.1%US$174.62US$150.31n/a3
Oct ’25US$130.00
US$162.10
+24.7%
6.1%US$174.62US$150.31n/a3
Sep ’25US$132.25
US$162.10
+22.6%
6.1%US$174.62US$150.31n/a3
Aug ’25US$123.00
US$153.67
+24.9%
9.5%US$171.80US$135.91n/a3
Jul ’25US$118.60
US$153.67
+29.6%
9.5%US$171.80US$135.91n/a3
Jun ’25US$124.50
US$153.67
+23.4%
9.5%US$171.80US$135.91n/a3
May ’25US$133.50
US$151.74
+13.7%
10.2%US$170.44US$132.69n/a3
Apr ’25US$139.45
US$151.74
+8.8%
10.2%US$170.44US$132.69n/a3
Mar ’25US$124.00
US$150.27
+21.2%
13.8%US$176.22US$125.41n/a3
Feb ’25US$126.50
US$151.40
+19.7%
14.5%US$178.40US$124.77n/a3
Jan ’25US$127.00
US$151.40
+19.2%
14.5%US$178.40US$124.77n/a3
Dec ’24US$126.00
US$151.40
+20.2%
14.5%US$178.40US$124.77n/a3
Nov ’24US$112.25
US$149.36
+33.1%
15.5%US$177.27US$120.72US$126.003
Oct ’24US$118.05
US$149.36
+26.5%
15.5%US$177.27US$120.72US$130.003
Sep ’24US$121.75
US$149.36
+22.7%
15.5%US$177.27US$120.72US$132.253
Aug ’24US$122.31
US$149.03
+21.8%
18.1%US$175.98US$122.09US$123.002
Jul ’24US$127.75
US$151.57
+18.6%
12.9%US$171.07US$132.07US$118.602
Jun ’24US$134.33
US$151.97
+13.1%
11.9%US$170.04US$133.91US$124.502
Nov ’23US$114.00
US$140.70
+23.4%
6.8%US$150.21US$131.19US$112.252

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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