Company Valuation: HAL Trust

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 12,638 10,631 10,282 10,426 12,776 14,790 - -
Change - -15.88% -3.28% 1.4% 22.54% 15.76% - -
Enterprise Value (EV) 1 10,882 11,339 10,533 10,529 12,732 16,275 16,095 15,592
Change - 4.2% -7.11% -0.04% 20.91% 27.83% -1.11% -3.13%
P/E 2.94x 16.3x 10.2x 8.62x 8x 12.2x 14.5x 12.1x
PBR 1.02x 0.82x 0.75x 0.71x 0.82x 1.04x 1x 0.96x
PEG - -0.2x 0.2x 0.4x 0.2x -0.5x -0.9x 0.6x
Capitalization / Revenue 1.13x 0.96x 0.79x 0.8x 0.95x 1.04x 0.98x 0.99x
EV / Revenue 0.97x 1.03x 0.81x 0.81x 0.95x 1.15x 1.07x 1.04x
EV / EBITDA 2.09x 4.64x 3.59x 3.31x 3.63x 5.36x 5.87x 5.04x
EV / EBIT 2.44x 14.1x 6.57x 5.63x 5.24x 8.41x 10x 8.07x
EV / FCF 14.4x 20.8x 8.39x 8.08x 8.24x 16.5x 14.9x 11.4x
FCF Yield 6.96% 4.8% 11.9% 12.4% 12.1% 6.06% 6.71% 8.76%
Dividend per Share 2 5.47 4.902 2.85 2.9 3.5 3.95 3.95 3.95
Rate of return 3.91% 4.17% 2.5% 2.51% 2.48% 2.41% 2.41% 2.41%
EPS 2 47.63 7.225 11.17 13.39 17.68 13.43 11.26 13.55
Distribution rate 11.5% 67.8% 25.5% 21.7% 19.8% 29.4% 35.1% 29.2%
Net sales 1 11,196 11,043 13,058 13,073 13,401 14,188 15,099 15,004
EBITDA 1 5,208 2,446 2,934 3,178 3,507 3,038 2,741 3,093
EBIT 1 4,465 806.9 1,603 1,871 2,431 1,935 1,609 1,932
Net income 1 4,270 646.8 1,000 1,210 1,597 1,213 1,017 1,224
Net Debt 1 -1,756 708 251.2 103.7 -44 1,485 1,305 802
Reference price 2 139.93 117.65 113.80 115.40 141.40 163.80 163.80 163.80
Nbr of stocks (in thousands) 90,321 90,364 90,352 90,344 90,350 90,290 - -
Announcement Date 30/03/22 29/03/23 27/03/24 27/03/25 27/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
12.03x1.13x5.29x2.44% 1.66TCr
7.18x13.75x - 0.54% 1.25TCr
6.48x10.04x29.3x2.45% 1.23TCr
22.39x1.57x8.81x6.72% 1.09TCr
Average 12.02x 6.62x 14.47x 3.04% 1.31TCr
Weighted average by Cap. 11.73x 6.32x 13.66x 2.88%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield