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Halma

OTCPK:HLMA.F
Snowflake Description

Flawless balance sheet with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HLMA.F
OTCPK
£6B
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Halma plc provides process and infrastructure safety, medical, and environmental and analysis products worldwide. The last earnings update was 120 days ago. More info.


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  • Halma has significant price volatility in the past 3 months.
HLMA.F Share Price and Events
7 Day Returns
1.6%
OTCPK:HLMA.F
0.7%
US Electronic
1.2%
US Market
1 Year Returns
30.9%
OTCPK:HLMA.F
-0.3%
US Electronic
3%
US Market
HLMA.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Halma (HLMA.F) 1.6% 13.9% 30.2% 30.9% 77.2% 133.2%
US Electronic 0.7% 1.1% 21.2% -0.3% 59.3% 59.2%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • HLMA.F outperformed the Electronic industry which returned -0.3% over the past year.
  • HLMA.F outperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
HLMA.F
Industry
5yr Volatility vs Market

Value

 Is Halma 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 Halma 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 Halma.

OTCPK:HLMA.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 OTCPK:HLMA.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6.7%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.071 (1 + (1- 19%) (4.15%))
1.072
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.07
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.072 * 6.65%)
9.86%

Discounted Cash Flow Calculation for OTCPK:HLMA.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Halma is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:HLMA.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 9.86%)
2019 162.12 Analyst x6 147.57
2020 188.22 Analyst x6 155.96
2021 202.63 Analyst x6 152.84
2022 214.76 Est @ 5.99% 147.45
2023 225.52 Est @ 5.01% 140.95
2024 235.28 Est @ 4.33% 133.85
2025 244.33 Est @ 3.85% 126.53
2026 252.91 Est @ 3.51% 119.22
2027 261.20 Est @ 3.28% 112.08
2028 269.33 Est @ 3.11% 105.20
Present value of next 10 years cash flows £1,341.66
OTCPK:HLMA.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £269.33 × (1 + 2.73%) ÷ (9.86% – 2.73%)
£3,882.45
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £3,882.45 ÷ (1 + 9.86%)10
£1,516.52
OTCPK:HLMA.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £1,341.66 + £1,516.52
£2,858.19
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £2,858.19 / 379.01
£7.54
OTCPK:HLMA.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:HLMA.F represents 1.33545x of LSE:HLMA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.33545x
Value per Share
(Listing Adjusted, USD)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 7.54 x 1.33545
$10.07
Value per share (USD) From above. $10.07
Current discount Discount to share price of $22.16
= -1 x ($22.16 - $10.07) / $10.07
-120%

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

  • The current share price of Halma 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 Halma's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Halma's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:HLMA.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in GBP £0.44
LSE:HLMA Share Price ** LSE (2019-03-20) in GBP £16.59
United States of America Electronic Industry PE Ratio Median Figure of 92 Publicly-Listed Electronic Companies 19.54x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

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

** Primary Listing of Halma.

OTCPK:HLMA.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:HLMA Share Price ÷ EPS (both in GBP)

= 16.59 ÷ 0.44

37.61x

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

  • Halma is overvalued based on earnings compared to the US Electronic industry average.
  • Halma is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Halma's expected growth come at a high price?
Raw Data
OTCPK:HLMA.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 37.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
8.3%per year
United States of America Electronic Industry PEG Ratio Median Figure of 60 Publicly-Listed Electronic Companies 1.54x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

OTCPK:HLMA.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 37.61x ÷ 8.3%

4.55x

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

  • Halma is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Halma's assets?
Raw Data
OTCPK:HLMA.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in GBP £2.45
LSE:HLMA Share Price * LSE (2019-03-20) in GBP £16.59
United States of America Electronic Industry PB Ratio Median Figure of 151 Publicly-Listed Electronic Companies 2.1x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
OTCPK:HLMA.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:HLMA Share Price ÷ Book Value per Share (both in GBP)

= 16.59 ÷ 2.45

6.78x

* Primary Listing of Halma.

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

  • Halma is overvalued based on assets compared to the US Electronic industry average.
X
Value checks
We assess Halma'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. Halma 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.

Future Performance

 How is Halma expected to perform in the next 1 to 3 years based on estimates from 12 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
8.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Halma expected to grow at an attractive rate?
  • Halma's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Halma's earnings growth is positive but not above the United States of America market average.
  • Halma's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:HLMA.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:HLMA.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 8.3%
OTCPK:HLMA.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 6.2%
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 17%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
OTCPK:HLMA.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:HLMA.F Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31
2021-03-31 1,364 261 195 11
2020-03-31 1,293 242 182 12
2019-03-31 1,210 216 164 12
OTCPK:HLMA.F Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-09-30 1,155 194 167
2018-06-30 1,116 184 161
2018-03-31 1,076 173 154
2017-12-31 1,051 176 147
2017-09-30 1,026 178 139
2017-06-30 994 175 134
2017-04-01 962 172 130
2017-01-01 916 165 120
2016-10-01 870 158 111
2016-07-01 839 154 110
2016-04-02 808 149 109
2016-01-02 786 143 108
2015-10-03 765 137 107

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Halma's earnings are expected to grow by 8.3% yearly, however this is not considered high growth (20% yearly).
  • Halma's revenue is expected to grow by 6.2% 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
OTCPK:HLMA.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Halma Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:HLMA.F Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31
2021-03-31 0.51 0.56 0.49 7.00
2020-03-31 0.48 0.51 0.46 8.00
2019-03-31 0.44 0.47 0.41 8.00
OTCPK:HLMA.F Past Financials Data
Date (Data in GBP Millions) EPS *
2018-09-30 0.44
2018-06-30 0.42
2018-03-31 0.41
2017-12-31 0.39
2017-09-30 0.37
2017-06-30 0.35
2017-04-01 0.34
2017-01-01 0.32
2016-10-01 0.29
2016-07-01 0.29
2016-04-02 0.29
2016-01-02 0.28
2015-10-03 0.28

*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.
  • Halma is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Halma'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Halma has a total score of 1/6, 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.

Past Performance

  How has Halma 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 Halma's growth in the last year to its industry (Electronic).
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.
  • Halma's year on year earnings growth rate has been positive over the past 5 years.
  • Halma's 1-year earnings growth exceeds its 5-year average (20.1% vs 10.7%)
  • Halma's earnings growth has not exceeded the US Electronic industry average in the past year (20.1% vs 61%).
Earnings and Revenue History
Halma'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 Halma Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:HLMA.F Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 1,155.41 167.13 382.58
2018-06-30 1,115.81 160.68 382.73
2018-03-31 1,076.21 154.23 382.88
2017-12-31 1,051.01 146.70 356.39
2017-09-30 1,025.84 139.18 337.01
2017-06-30 993.75 134.43 339.85
2017-04-01 961.66 129.69 342.70
2017-01-01 915.97 120.26 311.86
2016-10-01 870.27 110.84 281.03
2016-07-01 839.04 109.84 278.23
2016-04-02 807.81 108.84 275.44
2016-01-02 786.35 107.76 259.90
2015-10-03 764.89 106.68 244.36
2015-07-03 745.51 105.34 245.25
2015-03-28 726.13 104.00 246.14
2014-12-28 705.24 107.63 235.71
2014-09-27 684.34 111.25 225.28
2014-06-27 680.42 108.79 225.29
2014-03-29 676.51 106.33 225.30
2013-12-29 665.35 96.88 214.71
2013-09-28 654.20 87.42 204.12
2013-06-28 636.70 90.51 203.80
2013-03-30 619.21 93.61 203.49
2012-12-30 608.59 94.74 193.88
2012-09-29 597.96 95.88 184.28
2012-06-29 588.92 91.30 183.86
2012-03-31 579.88 86.71 183.44

*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.
  • Halma has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Halma used its assets more efficiently than the US Electronic industry average last year based on Return on Assets.
  • Halma has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Halma'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 Electronic 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.
Halma has a total score of 4/6, 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.

Health

 How is Halma'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 Halma's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Halma is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Halma's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Halma'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.7x 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 Halma Company Filings, last reported 5 months ago.

OTCPK:HLMA.F Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 927.30 261.00 66.40
2018-06-30 927.30 261.00 66.40
2018-03-31 828.40 291.06 70.72
2017-12-31 828.40 291.06 70.72
2017-09-30 775.32 252.66 71.67
2017-06-30 775.32 252.66 71.67
2017-04-01 778.64 263.27 66.83
2017-01-01 778.64 263.27 66.83
2016-10-01 690.57 313.41 76.09
2016-07-01 690.57 313.41 76.09
2016-04-02 646.34 300.66 53.94
2016-01-02 646.34 300.66 53.94
2015-10-03 566.86 227.10 133.72
2015-07-03 566.86 227.10 133.72
2015-03-28 548.95 142.12 41.23
2014-12-28 548.95 142.12 41.23
2014-09-27 497.66 185.45 49.18
2014-06-27 497.66 185.45 49.18
2014-03-29 486.00 109.03 34.53
2013-12-29 486.00 109.03 34.53
2013-09-28 452.51 150.91 41.14
2013-06-28 452.51 150.91 41.14
2013-03-30 453.27 160.01 49.72
2012-12-30 453.27 160.01 49.72
2012-09-29 404.26 117.11 43.00
2012-06-29 404.26 117.11 43.00
2012-03-31 398.11 64.01 45.31
  • Halma's level of debt (28.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (33% vs 28.1% today).
  • Debt is well covered by operating cash flow (74.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 24.8x coverage).
X
Financial health checks
We assess Halma'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. Halma has a total score of 6/6, 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.

Dividends

 What is Halma'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
0.88%
Current annual income from Halma dividends. Estimated to be 1.03% next year.
If you bought $2,000 of Halma shares you are expected to receive $18 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?
  • Halma's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Halma's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
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
OTCPK:HLMA.F 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 12 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

OTCPK:HLMA.F Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 0.19 1.00
2021-03-31 0.18 11.00
2020-03-31 0.17 12.00
2019-03-31 0.16 12.00
OTCPK:HLMA.F Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2018-06-19 0.147 1.052
2018-06-12 0.147 1.026
2017-06-21 0.137 1.147
2017-06-13 0.137 1.194
2016-06-21 0.128 1.264
2016-06-14 0.128 1.358
2015-06-23 0.120 1.464
2015-06-11 0.120 1.569
2014-07-25 0.112 1.681
2013-06-13 0.104 1.829
2012-06-26 0.097 2.153
2012-06-14 0.097 2.436
2011-06-21 0.091 2.503
2010-06-22 0.085 2.596
2009-12-03 0.081 3.217
2009-06-29 0.079 3.785
2009-06-16 0.079 4.311
2009-03-23 0.077 4.490

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 Halma's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.1x coverage).
X
Income/ dividend checks
We assess Halma's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Halma afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Halma has a total score of 4/6, see the detailed checks below.


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

Management

 What is the CEO of Halma'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.
CEO
Andrew Williams
COMPENSATION £3,429,000
AGE 51
TENURE AS CEO 14.1 years
CEO Bio

Mr. Andrew J. Williams has been the Group Chief Executive Officer of Halma plc since February 2005 and has been Member its Executive Board since April 2002. Mr. Williams serves as Chief Executive of a FTSE 250 company. He has been an Executive Director of Halma Plc since July 13, 2004. He served as Deputy Chief Executive of Halma plc from December 1, 2004 to March 1, 2005. He joined Halma PLC in 1994 as Manufacturing Director of Reten Acoustics (now Palmer Environmental) and served as its Managing Director since 1997. Mr. Williams served as an Assistant Divisional Chief Executive of the Optics and Water Instrumentation Division since 2001. He served as the Chief Executive Officer of the Optics and Water Instrumentation Division at Halma plc since 2002. He has been Non-Executive Director of Capita Health and Wellbeing Limited since January 2015. He has been a Non-Executive Independent Director of Capita plc since January 1, 2015. He has been a Non-Executive Director at Capita Business Services Ltd. since January 2015. Mr. Williams is a Chartered Engineer and is a Production Engineering graduate of Birmingham University. He attended the Advanced Management Program at Wharton Business School, University of Pennsylvania in 2004.

CEO Compensation
  • Andrew's compensation has increased by more than 20% in the past year.
  • Andrew's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Halma management team in years:

3.8
Average Tenure
  • The tenure for the Halma management team is about average.
Management Team

Andrew Williams

TITLE
Group CEO
COMPENSATION
£3M
AGE
51
TENURE
14.1 yrs

Adam Meyers

TITLE
Chief Executive of Medical & Environmental Sectors
COMPENSATION
£1M
AGE
56
TENURE
15.9 yrs

Jennifer Ward

TITLE
Group Talent & Communications Director
COMPENSATION
£1M
TENURE
5 yrs

Marc Ronchetti

TITLE
Group CFO & Executive Director
TENURE
0.8 yrs

Paul Simmons

TITLE
Chief Executive of Infrastructure Safety Sector & Member of Executive Management Board
TENURE
2.7 yrs

Inken Braunschmidt

TITLE
Chief Innovation & Digital Officer and Member of Executive Board
TENURE
1.7 yrs
Board of Directors Tenure

Average tenure and age of the Halma board of directors in years:

4.7
Average Tenure
56
Average Age
  • The tenure for the Halma board of directors is about average.
Board of Directors

Paul Walker

TITLE
Non-Executive Chairman
COMPENSATION
£210K
AGE
61
TENURE
5.7 yrs

Andrew Williams

TITLE
Group CEO
COMPENSATION
£3M
AGE
51
TENURE
14.7 yrs

Adam Meyers

TITLE
Chief Executive of Medical & Environmental Sectors
COMPENSATION
£1M
AGE
56
TENURE
10.9 yrs

Jennifer Ward

TITLE
Group Talent & Communications Director
COMPENSATION
£1M
TENURE
2.5 yrs

Marc Ronchetti

TITLE
Group CFO & Executive Director

Tony Rice

TITLE
Senior Non-Executive Director
COMPENSATION
£68K
AGE
66
TENURE
3.7 yrs

Carole Cran

TITLE
Non-Executive Director
COMPENSATION
£62K
TENURE
3.2 yrs

Daniela Soares

TITLE
Non Executive Director
COMPENSATION
£52K
AGE
48
TENURE
7.3 yrs

Roy Twite

TITLE
Non-Executive Director
COMPENSATION
£52K
AGE
51
TENURE
4.7 yrs

Jo Harlow

TITLE
Non-Executive Director
COMPENSATION
£52K
AGE
56
TENURE
2.4 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 ($) Value ($)
27. Mar 18 Buy Carole Cran Individual 26. Mar 18 26. Mar 18 2,000 $16.41 $32,827
X
Management checks
We assess Halma'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. Halma 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.

News

Simply Wall St News

Company Info

Description

Halma plc provides process and infrastructure safety, medical, and environmental and analysis products worldwide. Its Process Safety segment offers safety systems for warehousing and hazardous industrial processes; gas detection instruments; pressure management products; interlocking systems for safeguarding dangerous machines; pipeline corrosion monitoring products and systems; and process safety systems. The company’s Infrastructure Safety segment provides networked fire detectors and control panels; smoke and heat detectors, sounders, beacons, and interfaces; wireless and wired fire detection devices; solutions for people and vehicle flow; flame detectors, beam smoke detectors, and specialist fire extinguishing systems; automatic fire detection and suppression systems; and electronic security systems and signaling products. Its Medical segment offers mechanical and fluidic components; ophthalmic diagnostic and surgical equipment, and pharmaceutical products; peristaltic, syringe, piston, and gear pumps; miniature valves, micro pumps, and fluid components; real-time location systems; specialized components and fluid transfer subassemblies; diagnostic medical devices; clinical grade non-invasive blood pressure monitoring products and technologies; and lenses as aids to diagnosis and surgery. The company’s Environmental & Analysis segment provides mass flow meters and controllers, and pressure controllers; ultraviolet disinfection and water treatment systems; optical and high temperature metallized fibers; multispectral and digital imaging systems; multi-utility M2M solutions; equipment and software to monitor and analyze water cycle; radiometric and photometric systems and software; spectrometers and spectral sensors; water and environmental analysis equipment; moisture management products; electrochemical sensors; opto-electronic solutions; and camera systems and devices. Halma plc was founded in 1894 and is headquartered in Amersham, the United Kingdom.

Details
Name: Halma plc
HLMA.F
Exchange: OTCPK
Founded: 1894
£8,308,425,521
379,009,351
Website: http://www.halma.com
Address: Halma plc
Misbourne Court,
Rectory Way,
Amersham,
Buckinghamshire, HP7 0DE,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE HLMA Ordinary Shares London Stock Exchange GB GBP 02. Jan 1992
OTCPK HLMA.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB H11 Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
BATS-CHIXE HLMAL Ordinary Shares BATS 'Chi-X Europe' GB GBP 02. Jan 1992
Number of employees
Current staff
Staff numbers
6,341
Halma employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 23:54
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/06
Last earnings filing: 2018/11/20
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


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.