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 10,428 12,776 14,880 - -
Change - -15.88% -3.28% 1.42% 22.52% 16.47% - -
Enterprise Value (EV) 1 10,882 11,339 10,533 10,531 12,732 16,365 16,185 15,682
Change - 4.2% -7.11% -0.02% 20.89% 28.54% -1.1% -3.11%
P/E 2.94x 16.3x 10.2x 8.62x 8x 12.3x 14.6x 12.2x
PBR 1.02x 0.82x 0.75x 0.71x 0.82x 1.04x 1.01x 0.97x
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 1.05x 0.99x 0.99x
EV / Revenue 0.97x 1.03x 0.81x 0.81x 0.95x 1.15x 1.07x 1.05x
EV / EBITDA 2.09x 4.64x 3.59x 3.31x 3.63x 5.39x 5.91x 5.07x
EV / EBIT 2.44x 14.1x 6.57x 5.63x 5.24x 8.46x 10.1x 8.12x
EV / FCF 14.4x 20.8x 8.39x 8.08x 8.24x 16.6x 15x 11.5x
FCF Yield 6.96% 4.8% 11.9% 12.4% 12.1% 6.02% 6.67% 8.71%
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% 2.4% 2.4% 2.4%
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 2 139.93 117.65 113.80 115.40 141.40 164.80 164.80 164.80
Nbr of stocks (in thousands) 90,321 90,364 90,352 90,360 90,350 90,290 - -
Announcement Date 3/30/22 A 3/29/23 A 3/27/24 A 3/27/25 A 3/27/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.27x1.15x5.39x2.4% 17.12B
7.88x14.15x - 0.49% 14.08B
6.48x10.05x29.32x2.45% 12.31B
22.67x1.54x8.64x6.64% 10.74B
Average 12.33x 6.72x 14.45x 2.99% 13.56B
Weighted average by Cap. 11.88x 6.62x 13.59x 2.75%

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