HAL Trust
HAL Trust, together with its subsidiaries, operates through multi-sectors in Europe, the United States, Canada, Asia, and internationally. It operates through Unquoted, Quoted Interests, Real Estate, and Liquid Portfolio segments. The company offers maritime services; maritime emergency response and salvage-related services; furniture and fit-out services; information and data services; shipping … Read more
HAL Trust (HALFF) - Net Assets
Latest net assets as of June 2025: $17.05 Billion USD
Based on the latest financial reports, HAL Trust (HALFF) has net assets worth $17.05 Billion USD 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 | 14.37% |
| 5-Year Change | 59.45% |
| 10-Year Change | 97.46% |
| Growth Volatility | 19.08 |
HAL Trust - Net Assets Trend (2005–2024)
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 (2005–2024)
The table below shows the annual net assets of HAL Trust from 2005 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 | +9.84% |
| 2011-12-31 | $3.96 Billion | +36.60% |
| 2008-12-31 | $2.90 Billion | +4.46% |
| 2007-12-31 | $2.78 Billion | +23.28% |
| 2006-12-31 | $2.25 Billion | +70.75% |
| 2005-12-31 | $1.32 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 |
|---|---|
|
SHIZUOKA FIN. GROUP INC.
F:P2U
|
$6.36 Billion |
|
Press Metal Bhd
KLSE:8869
|
$6.37 Billion |
|
Beazley plc
PINK:BZLYF
|
$6.37 Billion |
|
Swedish Orphan Biovitrum AB (publ)
PINK:BIOVF
|
$6.37 Billion |
|
Ollie's Bargain Outlet Hldg
NASDAQ:OLLI
|
$6.36 Billion |
|
YPF Sociedad Anónima
SA:Y2PF34
|
$6.36 Billion |
|
Ivanhoe Mines Ltd.
OTCQX:IVPAF
|
$6.36 Billion |
|
Redeia Corporacion S.A.
MC:RED
|
$6.35 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: 0.76x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 5.84x to 0.76x 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 | $124.00 | x |
| 2003-12-31 | $17.88 | $124.00 | x |
| 2004-12-31 | $16.32 | $124.00 | x |
| 2005-12-31 | $21.92 | $124.00 | x |
| 2006-12-31 | $30.08 | $124.00 | x |
| 2007-12-31 | $36.86 | $124.00 | x |
| 2008-12-31 | $38.44 | $124.00 | x |
| 2009-12-31 | $42.86 | $124.00 | x |
| 2010-12-31 | $48.44 | $124.00 | x |
| 2011-12-31 | $51.98 | $124.00 | x |
| 2012-12-31 | $54.67 | $124.00 | x |
| 2013-12-31 | $57.21 | $124.00 | x |
| 2014-12-31 | $60.42 | $124.00 | x |
| 2015-12-31 | $77.77 | $124.00 | x |
| 2016-12-31 | $85.65 | $124.00 | x |
| 2017-12-31 | $84.99 | $124.00 | x |
| 2018-12-31 | $84.03 | $124.00 | x |
| 2019-12-31 | $89.16 | $124.00 | x |
| 2020-12-31 | $89.36 | $124.00 | x |
| 2021-12-31 | $138.03 | $124.00 | x |
| 2022-12-31 | $144.69 | $124.00 | x |
| 2023-12-31 | $152.73 | $124.00 | x |
| 2024-12-31 | $163.56 | $124.00 | 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 (11.19%), 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 | 19.41% | 12.56% | 0.80x | 1.93x | $151.05 Million |
| 2006 | 22.56% | 15.89% | 0.82x | 1.72x | $276.63 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 | 11.08% | 9.43% | 0.74x | 1.58x | $33.96 Million |
| 2010 | 12.02% | 10.55% | 0.71x | 1.61x | $72.59 Million |
| 2011 | 12.42% | 11.27% | 0.67x | 1.65x | $96.01 Million |
| 2012 | 9.52% | 10.00% | 0.58x | 1.64x | $-20.73 Million |
| 2013 | 9.29% | 10.34% | 0.59x | 1.54x | $-32.77 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% | 1.86% | 0.51x | 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: $310,488,743
- Average return on equity (ROE) among peers: -23.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HAL Trust (HALFF) | $17.05 Billion | 1.60% | 0.61x | $6.36 Billion |
| Aberdeen International Inc (AABVF) | $136.31 Million | 25.56% | 0.23x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $1.39 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.43 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $605.01 Million | 3.35% | 0.58x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $85.10 Million | -65.65% | 0.01x | $77.20K |
| AGF Management Limited (AGFMF) | $1.12 Billion | 10.14% | 3.56x | $298.43 Million |
| Agronomics Limited (AGNMF) | $100.03 Million | 1.02% | 0.02x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $6.11 Million | -266.31% | 0.76x | $2.71 Million |