Added to YB: 2026-09-07
Pitch date: 2026-09-03
HLMA.L [bullish]
Halma plc
Author Info
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Company Info
Halma plc, together with its subsidiaries, provides technology solutions in the safety, health, and environmental markets in the United States, Mainland Europe, the United Kingdom, the Asia Pacific, Africa, the Middle East, and internationally.
Market Cap
GBP 13.6B
Pitch Price
N/A
Price Target
25.00
Dividend
0.69%
EV/EBITDA
22.05
P/E
36.59
EV/Sales
5.55
Sector
Electronic Equipment, Instruments and Components
Category
growth
Halma: The Invisible Serial Acquirer
HLMA.L (deep dive): Halma is a decentralized serial acquirer of specialized safety, environmental and healthcare technology businesses, with 11% annual revenue growth over 20 years and a roughly 14% current ROIC. Its capital-light subsidiaries fund organic investment and further deals, supporting an estimated 9-10% medium-term revenue-growth path and £25-per-share DCF value. The key risk is Avo Photonics: one customer represents about 20% of group revenue and roughly half of organic growth.
Read full article (21 min)