Added to YB: 2025-09-03
Pitch date: 2025-08-31
HAL.AS [neutral]
HAL Trust
+4.96%
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 Europe, the United States, Canada, Asia, and internationally.
Market Cap
EUR 12.0B
Pitch Price
EUR 133.00
Price Target
N/A
Dividend
2.18%
EV/EBITDA
4.01
P/E
6.96
EV/Sales
1.09
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)