Added to YB: 2025-09-03
Pitch date: 2025-08-31
HAL.AS [neutral]
HAL Trust
+24.66%
current return
Author Info
Bos Invest is a Dutch investor using fundamental analysis and a total return approach. Sign up for their 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 130.27
Price Target
N/A
Dividend
2.17%
EV/EBITDA
5.13
P/E
10.20
EV/Sales
1.32
Sector
Financial Services
Category
value
HAL Trust: H1 results update on my largest position
HAL.AS (holding update): Dutch conglomerate trading at €11.5B vs €21.5B sum-of-parts valuation (53.5% of fair value). Core asset Boskalis valued at €10.7B (12x PE, 7x EV/EBITDA) vs €5.5B book value. €5B listed investments + €3B unlisted twigs + €2.3B liquid portfolio. Potential VolkerWessels acquisition could be catalyst.
Read full article (3 min)