Added to YB: 2024-10-21
Pitch date: 2024-10-18
HAL.AS [bullish]
HAL Trust
+45.91%
current return
Author Info
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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 111.30
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 | Greatly undervalued Dutch holding company
HAL.AS: Dutch holding co w/ 30 investments. Key assets: Boskalis (dredging, offshore energy) & Vopak (oil/gas storage). Boskalis: 50% of HAL's revenue/profit, €4.4B book value. Vopak: 30%+ margins, 400yr history. Sum-of-parts valuation using conservative multiples. Climate change adaptation potential for Boskalis.
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