Hal Trust/€HAL
1D1W1MYTD1Y5YMAX
Capital at risk
About Hal Trust
HAL Trust is an international investment company with a diversified portfolio, primarily focused on acquiring significant equity stakes in both publicly traded and private companies across various industries. Headquartered in the Netherlands, HAL Trust manages investments through subsidiaries involved in optical retail, technology, media, and other sectors. Its most notable businesses include GrandVision, a global optical retailer, and unlisted companies in fields such as audio-visual communications and healthcare. HAL Trust has a strategic focus on long-term value creation, utilizing a decentralized management model to leverage local expertise in its investments. The trust's historical roots trace back to 1873 with the founding of the Holland America Line, though its current investment orientation reflects a shift initiated in the mid-20th century toward diverse asset management.
- Ticker
- €HAL
- Sector
- Finance
- Primary listing
- AEX
- Employees
- 34,583
- Headquarters
- Rotterdam, Netherlands
- Website
- www.halholding.com
Hal Trust Metrics
BasicAdvanced
€15B
10.37
€15.83
0.65
€3.50
2.13%
Price and volume
Market cap
€15B
Beta
0.65
52-week high
€176.00
52-week low
€134.00
Average daily volume
11K
Dividend rate
€3.50
Financial strength
Current ratio
1.443
Quick ratio
1.114
Long term debt to equity
0.19
Total debt to equity
0.261
Dividend payout ratio (TTM)
22.10%
Interest coverage (TTM)
14.67%
Profitability
EBITDA (TTM)
3,073.3
Gross margin (TTM)
60.81%
Net profit margin (TTM)
11.31%
Operating margin (TTM)
15.98%
Effective tax rate (TTM)
12.41%
Revenue per employee (TTM)
€370,000
Management effectiveness
Return on assets (TTM)
4.48%
Return on equity (TTM)
9.68%
Valuation
Price to earnings (TTM)
10.369
Price to revenue (TTM)
1.173
Price to book
0.91
Price to tangible book (TTM)
1.12
Price to free cash flow (TTM)
9.341
Free cash flow yield (TTM)
10.71%
Free cash flow per share (TTM)
17.568
Dividend yield (TTM)
2.13%
Forward dividend yield
2.13%
Growth
Revenue change (TTM)
-6.78%
Earnings per share change (TTM)
-17.05%
3-year revenue growth (CAGR)
-1.44%
10-year revenue growth (CAGR)
4.47%
3-year earnings per share growth (CAGR)
1.07%
10-year earnings per share growth (CAGR)
6.35%
3-year dividend per share growth (CAGR)
12.61%
10-year dividend per share growth (CAGR)
-5.06%
What the Analysts think about Hal Trust
Majority rating from 3 analysts.
| Month | Buy | Hold | Sell | Analysts | Majority rating |
|---|---|---|---|---|---|
| November 2022 | 2 | 1 | 0 | 3 | Buy |
| December 2022 | 1 | 1 | 0 | 2 | Buy |
| January 2023 | 1 | 1 | 0 | 2 | Buy |
| February 2023 | 1 | 1 | 0 | 2 | Buy |
| March 2023 | 1 | 1 | 0 | 2 | Buy |
| April 2023 | 1 | 1 | 0 | 2 | Buy |
| May 2023 | 1 | 2 | 0 | 3 | Hold |
Bulls say / Bears say
Net asset value rose by €1.52 billion to €17.63 billion as of June 30, 2026, highlighting strong underlying asset value growth despite lower profits. (Reuters via Bitget)
Completed sale of Atlas NextWave in May 2026 resulted in €60.6 million book profit and €90 million in cash proceeds, bolstering liquidity and exemplifying disciplined capital allocation. (MarketScreener)
Debt to total capital ratio improved to 21.3% in H1 2026 from 24.35% a year earlier, strengthening HAL Trust’s financial flexibility. (FT)
Net income for H1 2026 declined 16.4% year-on-year to €856 million, down from €1,024 million in H1 2025, reflecting reduced profitability. (Reuters via Bitget)
Revenue in the first half of 2026 fell 7.8% to €5.87 billion from €6.37 billion a year earlier, indicating a contraction in the trust’s top-line performance. (Reuters via Bitget)
Operating profit slid to €1.21 billion in H1 2026 from €1.52 billion in H1 2025, demonstrating margin pressure across both quoted and unquoted segments. (Reuters via Bitget)
Data summarised monthly by Lightyear AI. Last updated on 30 Aug 2026.
Upcoming events
No upcoming events
Funds containing Hal Trust
AllEURGBPUSD
Fund name | Fund size | €HAL weighting |
|---|---|---|
Vanguard FTSE Developed Europe ex UK€VERX | €3.4B | 0.03% |
Vanguard FTSE Developed Europe ex UK£VERX | £2.9B | 0.03% |
Vanguard FTSE Developed Europe€VWCG | €3.1B | 0.02% |
Vanguard FTSE Developed Europe€VEUR | €4.8B | 0.02% |
Vanguard FTSE Developed Europe£VEUR | £4.1B | 0.02% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.