HAL Trust (HALFF) fair value: what the stock is really worth
As of Sep 28, 2026: fair value of HAL Trust $259, price $188, upside +37.5%, quality 62 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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HAL Trust
HALFF · USUndervaluedThe stock appears undervalued with acceptable quality.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range $83.13 – $202.30 · fair‑value band $194.13 – $323.54 · the $188.23 price screens below the $258.83 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
Company profile
HAL Trust, together with its subsidiaries, operates through multi-sectors in Asia, the Middle East, the Netherlands, the United States, Canada, and internationally.
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HAL Trust, together with its subsidiaries, operates through multi-sectors in Asia, the Middle East, the Netherlands, the United States, Canada, and internationally. The company offers maritime services; emergency response and salvage-related services; medical aid products and services; furniture and fit-out services; a financial newspaper under the Het Financieele Dagblad; a radio station under the BNR Nieuwsradio; information and data services under the Company.info and Investment & Pensions Europe; and processing, software, and payment solutions for the healthcare sector. It also provides hearing aids; consumer electronics and domestic appliances; energy services under the Coolblue Energy brand; storage and infrastructure solutions; and prescription frames, outdoor eyewear, goggles, and helmets. In addition, the company is involved in the residential construction, utility construction, project development, and renovation activities; manufacturing, fabricating, and selling composite panels and related products under the FENIX brand; and production of composite panels for interior applications, facade cladding and laboratory furniture, interior doors, kitchen worktops, solid surface material, and coated plywood panels. Further, it engages in the supply of timber products and building materials; temporary and permanent technical personnel under the Atlas NextWave brand; solutions and specialized equipment for installation and foundation projects in the offshore wind and renewables, decommissioning, oil and gas, and coastal and civil markets; and transportation of liquefied gases. Additionally, the company engages in the greenhouse construction sector; optical retail; designs, builds, installs, and operates offshore floating facilities; production of ultra-pure silicon wafers; development and rental of apartments; and development and sale of townhomes. HAL Trust was founded in 1873 and is based in Rotterdam, the Netherlands.
Stock analysis
HAL Trust, (HALFF) currently trades at $188.23, while our model-based Fair Value estimate is $258.83, implying the stock looks roughly 27.3% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $362.59 per share, and 9 of the 13 models we run sit above the $188.23 price.
Bear case: the Dividend Discount group reads lowest at $51.59, and 4 of the 13 models stay below the price. Evidence for this calculation is high.
Scenario range: $194.13 (bear) to $323.54 (bull), the price of $188.23 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 62/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
HAL Trust, reported revenue of €12.8B in FY2025 versus €7.3B in FY2021, a compound +15.0%/yr. Reported net income was €1.6B in FY2025, compounding −21.8%/yr from FY2021.
Key figures
Market cap $17.0B · P/E ratio 9.2 · P/S ratio 1.14 · EPS (TTM) $20.51 · Dividend yield 1.9% · Net margin 12.5% · Return on equity 11.2% · Return on assets (EBIT) 8.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 7% below its 52-week high and 23% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −15% fair-value upside, at 38%, HALFF screens cheaper than that median.
Fair Value models
All 13 models by family
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Set up alert →Quality Score breakdown
Of which business quality 62 · Market factors (momentum, volatility) 81
Revenue & earnings trend
Growth Forecast
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Compare HAL Trust, with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Asset Management · 657 stocks
Valuation Multiplesvs Asset Management median · lower = cheaper
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Asset Management stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Blackstone Inc BX | $112.09 | $52.29 | −53% |
| KKR & Co KKR | $93.18 | $29.26 | −69% |
| Brookfield Corporation BN | $36.87 | $13.45 | −64% |
| Apollo Global Management, Inc APO | $116.06 | $197.23 | +70% |
| State Street Corporation STT | $177.78 | $139.37 | −22% |
| Ameriprise Financial, Inc AMP | $494.82 | $595.40 | +20% |
| Ares Management Corporation ARES | $122.01 | $103.68 | −15% |
| Northern Trust Corporation NTRS | $175.73 | $123.42 | −30% |
| Raymond James Financial, Inc RJF | $161.16 | $317.27 | +97% |
| Exor N.V EXO | €68.10 | €136.20 | +100% |
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