Added to YB: 2025-04-03
Pitch date: 2025-03-31
HAL.AS [bullish]
HAL Trust
+42.48%
current return
Author Info
Valuing Dutchman is a value investor specializing in European family owned businesses and worldwide Deep Value. Full time investor since 2010, Investment writer since 2011 and co-founder Chess Capital fund. 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 113.98
Price Target
170.00 (+5%)
Dividend
2.17%
EV/EBITDA
5.13
P/E
10.20
EV/Sales
1.32
Sector
Financial Services
Category
value
Hal Trust: how will they unlock value
HAL.AS: Dutch investment co. trading 30% below NAV (€171.60/share). Private holdings likely undervalued. NAV +14.3% in 2023, +€1.77B Q1 2024. Strong liquidity (€2.6B). New investments in Koppert & Coolblue. Underperforming vs peers like Exor & Sofina due to opaque valuation. Chairman change may improve communication. €170 price target.
Read full article (4 min)