Professional
Added to YB: 2025-05-05
Pitch date: 2025-05-01
HAL.AS [neutral]
HAL Trust
+46.92%
current return
Author Info
Mr. Market Miscalculates (mostly) shares overlooked or misunderstood small/mid-cap European companies. Sign up for the newsletter.
Company Info
HAL Trust, together with its subsidiaries, operates through multi-sectors in Asia, the Middle East, the Netherlands, the United States, Canada, and internationally.
Market Cap
EUR 14.6B
Pitch Price
EUR 110.54
Price Target
200.00 (+23%)
Dividend
2.17%
EV/EBITDA
5.13
P/E
10.20
EV/Sales
1.32
Sector
Financial Services
Category
value
Monthly Recap - HAL Trust
HAL.AS (update): Trading at 32% NAV discount (>40% look-through). 2024 net income +21% to €1.2B. Boskalis acquisition valued at €3.5B, generating €900M EBITA in 2024. Recently increased stake in struggling Siltronic (down 50% since 2022) from 5% to 15%, which trades at 1/4 of 2019 Global Wafers offer price.
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