HAL Trust (AEX:HAL)

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Price: 116.4 EUR 0.87%

Market Cap: 10.5B EUR

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Section:

Relative Value

The Relative Value of one HAL stock under the Base Case scenario is 255.3 EUR. Compared to the current market price of 116.4 EUR, HAL Trust is Undervalued by 54%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is Relative Valuation?

How is Relative Value calculated?

HAL Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

0.8

P/S

vs History	80
vs Industry	79

Median 5Y

1.5

Industry

3.2

Forward

0.8

More Details

P/E

vs History	49
vs Industry	43

Median 5Y

10.9

Industry

15.1

Forward

7.4

More Details

3.9

P/OCF

vs History	93
vs Industry	40

Median 5Y

5.5

Industry

10.2

More Details

21.2

P/FCFE

vs History	38
vs Industry	13

Median 5Y

17.2

Industry

12.9

More Details

0.8

P/B

vs History	85
vs Industry	60

Median 5Y

0.9

Industry

1.3

More Details

0.8

EV/S

vs History	80
vs Industry	77

Median 5Y

1.2

Industry

4.8

Forward

0.7

More Details

1.4

EV/GP

vs History	87
vs Industry	74

Median 5Y

2.1

Industry

7.1

More Details

6.6

EV/EBITDA

vs History	61
vs Industry	53

Median 5Y

7.2

Industry

14.1

Forward

More Details

6.6

EV/EBIT

vs History	85
vs Industry	51

Median 5Y

14.5

Industry

14.6

Forward

4.4

More Details

3.5

EV/OCF

vs History	93
vs Industry	43

Median 5Y

Industry

12.6

More Details

6.2

EV/FCFF

vs History	93
vs Industry	34

Median 5Y

12.1

Industry

13.6

More Details

0.4

EV/IC

vs History	85
vs Industry	64

Median 5Y

0.6

Industry

0.9

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
MC		HAL Trust AEX:HAL	10.5B EUR	0.8	11	6.6	6.6
US		Berkshire Hathaway Inc NYSE:BRK.A	1T USD	2.8	9.6	16.8	20.8
ZA	R	Remgro Ltd JSE:REM	86.1B Zac	0	0	0	0
SE		Investor AB STO:INVE B	914.1B SEK	11.9	5	43.6	43.6
NL		Exor NV AEX:EXO	20.5B EUR	0.9	1.2	6.2	8.8
SE		Industrivarden AB STO:INDU A	154.5B SEK	4.9	4.9	5	5
IN		Bajaj Holdings and Investment Ltd NSE:BAJAJHLDNG	1.2T INR	67.2	15.7	74.4	76
SE		L E Lundbergforetagen AB (publ) STO:LUND B	130.3B SEK	4.5	17.8	19.4	19.4
BE		Groep Brussel Lambert NV XBRU:GBLB	8.4B EUR	0.8	2.8	7.4	11.3
SA		Kingdom Holding Company SJSC SAU:4280	29.6B SAR	11.6	21.6	33.7	47.4
BE		Sofina SA XBRU:SOF	7.3B EUR	15.7	17	18	18

				Revenue Growth
MC		HAL Trust AEX:HAL	Average P/S: 12.1 0.8	14%
US		Berkshire Hathaway Inc NYSE:BRK.A	2.8	9%
ZA	R	Remgro Ltd JSE:REM	Not Available	N/A
SE		Investor AB STO:INVE B	11.9	3%
NL		Exor NV AEX:EXO	0.9	N/A
SE		Industrivarden AB STO:INDU A	4.9	N/A
IN		Bajaj Holdings and Investment Ltd NSE:BAJAJHLDNG	67.2	N/A
SE		L E Lundbergforetagen AB (publ) STO:LUND B	4.5	N/A
BE		Groep Brussel Lambert NV XBRU:GBLB	0.8	-37%
SA		Kingdom Holding Company SJSC SAU:4280	11.6	4%
BE		Sofina SA XBRU:SOF	15.7	N/A

				Earnings Growth
MC		HAL Trust AEX:HAL	Average P/E: 10.7 11	10%
US		Berkshire Hathaway Inc NYSE:BRK.A	9.6	-52%
ZA	R	Remgro Ltd JSE:REM	Not Available	-94%
SE		Investor AB STO:INVE B	5	-63%
NL		Exor NV AEX:EXO	1.2	-51%
SE		Industrivarden AB STO:INDU A	4.9	N/A
IN		Bajaj Holdings and Investment Ltd NSE:BAJAJHLDNG	15.7	N/A
SE		L E Lundbergforetagen AB (publ) STO:LUND B	17.8	N/A
BE		Groep Brussel Lambert NV XBRU:GBLB	2.8	-75%
SA		Kingdom Holding Company SJSC SAU:4280	21.6	68%
BE		Sofina SA XBRU:SOF	17	N/A

				EBITDA Growth
MC		HAL Trust AEX:HAL	Average EV/EBITDA: 23.1 6.6	-5%
US		Berkshire Hathaway Inc NYSE:BRK.A	16.8	N/A
ZA	R	Remgro Ltd JSE:REM	Not Available	N/A
SE		Investor AB STO:INVE B	43.6	134%
NL		Exor NV AEX:EXO	6.2	N/A
SE		Industrivarden AB STO:INDU A	5	N/A
IN		Bajaj Holdings and Investment Ltd NSE:BAJAJHLDNG	74.4	N/A
SE		L E Lundbergforetagen AB (publ) STO:LUND B	19.4	N/A
BE		Groep Brussel Lambert NV XBRU:GBLB	7.4	-25%
SA		Kingdom Holding Company SJSC SAU:4280	33.7	N/A
BE		Sofina SA XBRU:SOF	18	N/A

				EBIT Growth
MC		HAL Trust AEX:HAL	Average EV/EBIT: 25.7 6.6	4%
US		Berkshire Hathaway Inc NYSE:BRK.A	20.8	N/A
ZA	R	Remgro Ltd JSE:REM	Not Available	N/A
SE		Investor AB STO:INVE B	43.6	207%
NL		Exor NV AEX:EXO	8.8	N/A
SE		Industrivarden AB STO:INDU A	5	N/A
IN		Bajaj Holdings and Investment Ltd NSE:BAJAJHLDNG	76	N/A
SE		L E Lundbergforetagen AB (publ) STO:LUND B	19.4	N/A
BE		Groep Brussel Lambert NV XBRU:GBLB	11.3	-78%
SA		Kingdom Holding Company SJSC SAU:4280	47.4	N/A
BE		Sofina SA XBRU:SOF	18	N/A

US		Fubotv Inc NYSE:FUBO	Media
US		Bank of America Corp NYSE:BAC	Banking
US		Palantir Technologies Inc NYSE:PLTR	Technology
US	C	C3.ai Inc NYSE:AI	Technology
US		Uber Technologies Inc NYSE:UBER	Road & Rail
CN		NIO Inc NYSE:NIO	Automobiles
US		Fluor Corp NYSE:FLR	Construction
US		Jacobs Engineering Group Inc NYSE:J	Professional Services
US		TopBuild Corp NYSE:BLD	Consumer products
US		Abbott Laboratories NYSE:ABT	Health Care
US		Chevron Corp NYSE:CVX	Energy
US		Occidental Petroleum Corp NYSE:OXY	Energy
US		Matrix Service Co NASDAQ:MTRX	Construction
US		Automatic Data Processing Inc NASDAQ:ADP	Technology
US		Qualcomm Inc NASDAQ:QCOM	Semiconductors
US		Ambarella Inc NASDAQ:AMBA	Semiconductors

	Fubotv Inc NYSE:FUBO	US
	Bank of America Corp NYSE:BAC	US
	Palantir Technologies Inc NYSE:PLTR	US
C	C3.ai Inc NYSE:AI	US
	Uber Technologies Inc NYSE:UBER	US
	NIO Inc NYSE:NIO	CN
	Fluor Corp NYSE:FLR	US
	Jacobs Engineering Group Inc NYSE:J	US
	TopBuild Corp NYSE:BLD	US
	Abbott Laboratories NYSE:ABT	US
	Chevron Corp NYSE:CVX	US
	Occidental Petroleum Corp NYSE:OXY	US
	Matrix Service Co NASDAQ:MTRX	US
	Automatic Data Processing Inc NASDAQ:ADP	US
	Qualcomm Inc NASDAQ:QCOM	US
	Ambarella Inc NASDAQ:AMBA	US

HAL Trust
AEX:HAL

Relative Value

Valuation Multiples

Multiples Across Competitors

HAL Competitors Multiples
HAL Trust Competitors

See Also

Company

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52 Week Range	108.4 128.0944
Price Target

HAL Trust AEX:HAL

Relative Value

Valuation Multiples

Multiples Across Competitors

HAL Competitors Multiples HAL Trust Competitors

See Also

Company

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Stocks

HAL Trust
AEX:HAL

HAL Competitors Multiples
HAL Trust Competitors