HAL Trust (HAL) - Net Assets

Latest as of June 2025: €17.05 Billion EUR

Based on the latest financial reports, HAL Trust (HAL) has net assets worth €17.05 Billion EUR as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€27.48 Billion) and total liabilities (€10.43 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€17.05 Billion
% of Total Assets	62.04%
Annual Growth Rate	11.45%
5-Year Change	59.45%
10-Year Change	97.46%
Growth Volatility	14.81

HAL Trust - Net Assets Trend (2002–2024)

This chart illustrates how HAL Trust's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for HAL Trust (2002–2024)

The table below shows the annual net assets of HAL Trust from 2002 to 2024.

Year	Net Assets	Change
2024-12-31	€16.91 Billion	+6.53%
2023-12-31	€15.87 Billion	+4.16%
2022-12-31	€15.24 Billion	+2.91%
2021-12-31	€14.81 Billion	+39.63%
2020-12-31	€10.60 Billion	+0.52%
2019-12-31	€10.55 Billion	+6.44%
2018-12-31	€9.91 Billion	+1.63%
2017-12-31	€9.75 Billion	-0.08%
2016-12-31	€9.76 Billion	+13.97%
2015-12-31	€8.56 Billion	+31.68%
2014-12-31	€6.50 Billion	+38.65%
2013-12-31	€4.69 Billion	+7.73%
2012-12-31	€4.35 Billion	+8.26%
2011-12-31	€4.02 Billion	+10.93%
2010-12-31	€3.63 Billion	+13.12%
2009-12-31	€3.20 Billion	+10.44%
2008-12-31	€2.90 Billion	+4.46%
2007-12-31	€2.78 Billion	+23.28%
2006-12-31	€2.25 Billion	+41.07%
2005-12-31	€1.60 Billion	+27.73%
2004-12-31	€1.25 Billion	-4.00%
2003-12-31	€1.30 Billion	-16.41%
2002-12-31	€1.56 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to HAL Trust's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 214400000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	€2.14 Billion	14.51%
Common Stock	€12.20 Billion	82.57%
Other Comprehensive Income	€432.00 Million	2.92%
Total Equity	€14.78 Billion	100.00%

HAL Trust Competitors by Market Cap

The table below lists competitors of HAL Trust ranked by their market capitalization.

Company	Market Cap
Lingyi iTech Guangdong Co SHE:002600	$14.75 Billion
Roku Inc NASDAQ:ROKU	$14.75 Billion
Vodacom Group Ltd JSE:VOD	$14.75 Billion
Solar Industries India Limited NSE:SOLARINDS	$14.77 Billion
Nan Ya Printed Circuit Board Corp TW:8046	$14.74 Billion
Elia Group SA/NV BR:ELI	$14.72 Billion
TKO Group Holdings, Inc. NYSE:TKO	$14.70 Billion
Inspur Electronic Info Industr SHE:000977	$14.70 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in HAL Trust's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 13,675,600,000 to 14,776,100,000, a change of 1,100,500,000 (8.0%).
Net income of 1,209,700,000 contributed positively to equity growth.
Dividend payments of 257,500,000 reduced retained earnings.
Share repurchases of 2,100,000 reduced equity.
Other comprehensive income increased equity by 203,400,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	€1.21 Billion	+8.19%
Dividends Paid	€257.50 Million	-1.74%
Share Repurchases	€2.10 Million	-0.01%
Other Comprehensive Income	€203.40 Million	+1.38%
Other Changes	€-53.00 Million	-0.36%
Total Change	€-	8.05%

Book Value vs Market Value Analysis

This analysis compares HAL Trust's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.05x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 8.08x to 1.05x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2002-12-31	€21.21	€171.40	x
2003-12-31	€17.88	€171.40	x
2004-12-31	€16.32	€171.40	x
2005-12-31	€21.92	€171.40	x
2006-12-31	€30.08	€171.40	x
2007-12-31	€36.86	€171.40	x
2008-12-31	€38.44	€171.40	x
2009-12-31	€42.86	€171.40	x
2010-12-31	€48.44	€171.40	x
2011-12-31	€51.98	€171.40	x
2012-12-31	€54.67	€171.40	x
2013-12-31	€57.21	€171.40	x
2014-12-31	€60.42	€171.40	x
2015-12-31	€77.77	€171.40	x
2016-12-31	€85.65	€171.40	x
2017-12-31	€84.99	€171.40	x
2018-12-31	€84.03	€171.40	x
2019-12-31	€89.16	€171.40	x
2020-12-31	€89.36	€171.40	x
2021-12-31	€138.03	€171.40	x
2022-12-31	€144.69	€171.40	x
2023-12-31	€152.73	€171.40	x
2024-12-31	€163.56	€171.40	x

Capital Efficiency Dashboard

This dashboard shows how efficiently HAL Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 8.19%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 9.67%
• Asset Turnover: 0.46x
• Equity Multiplier: 1.85x
Recent ROE (8.19%) is below the historical average (11.13%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2002	1.60%	1.43%	0.59x	1.88x	€-130.94 Million
2003	3.62%	3.13%	0.61x	1.90x	€-83.59 Million
2004	4.91%	3.06%	0.74x	2.17x	€-60.78 Million
2005	17.44%	11.29%	0.80x	1.93x	€119.40 Million
2006	22.57%	15.90%	0.82x	1.72x	€276.67 Million
2007	27.33%	19.77%	0.84x	1.64x	€466.55 Million
2008	13.65%	10.16%	0.79x	1.71x	€102.35 Million
2009	10.92%	9.29%	0.74x	1.58x	€28.86 Million
2010	11.91%	10.45%	0.71x	1.61x	€68.59 Million
2011	12.47%	11.31%	0.67x	1.65x	€97.91 Million
2012	9.45%	9.92%	0.58x	1.64x	€-23.83 Million
2013	10.19%	11.34%	0.59x	1.54x	€8.73 Million
2014	10.99%	7.93%	0.51x	2.70x	€50.26 Million
2015	9.37%	8.11%	0.50x	2.32x	€-42.49 Million
2016	11.42%	10.83%	0.48x	2.18x	€108.53 Million
2017	5.14%	4.88%	0.50x	2.12x	€-369.48 Million
2018	2.07%	3.35%	0.28x	2.19x	€-595.92 Million
2019	8.31%	12.84%	0.26x	2.47x	€-135.73 Million
2020	7.78%	11.72%	0.26x	2.53x	€-177.78 Million
2021	34.34%	58.39%	0.32x	1.82x	€3.03 Billion
2022	4.97%	6.46%	0.37x	2.05x	€-654.21 Million
2023	7.32%	7.70%	0.49x	1.93x	€-367.06 Million
2024	8.19%	9.67%	0.46x	1.85x	€-267.91 Million

Industry Comparison

This section compares HAL Trust's net assets metrics with peer companies in the Asset Management industry.

Industry Context

Industry: Asset Management
Average net assets among peers: $893,053,600
Average return on equity (ROE) among peers: 223.86%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
HAL Trust (HAL)	€17.05 Billion	1.60%	0.61x	$14.75 Billion
Allfunds Group Ltd (ALLFG)	$1.60 Billion	-1.90%	1.13x	$4.72 Billion
CVC Capital Partners PLC (CVC)	$109.92 Million	1109.83%	21.34x	$13.65 Billion
Eurocastle Investment Ltd (ECT)	$-1.41 Billion	0.00%	0.00x	$12.46 Million
Value8 N.V (PREVA)	$49.91 Million	9.12%	0.68x	$11.84 Million
Reinet Investments S.C.A (REINA)	$4.12 Billion	2.24%	0.00x	$5.88 Billion

About HAL Trust

AS:HAL Netherlands Asset Management

Market Cap

$18.10 Billion

€15.49 Billion EUR

Market Cap Rank

#1478 Global

#15 in Netherlands

Share Price

€171.40

Change (1 day)

-0.23%

52-Week Range

€113.80 - €178.20

All Time High

€178.20