Halma (HLMA)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 100

3,530.00p
   
  • Change Today:
      58.00p
  • 52 Week High: 3,658.00
  • 52 Week Low: 2,360.00
  • Currency: UK Pounds
  • Shares Issued: 379.65m
  • Volume: 443,212
  • Market Cap: £13,402m
  • RiskGrade: 112

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21
Annualisation Factor 1.0 1.0 1.0 1.0 n/a
Dividend Yield 0.9% 0.9% 0.9% 0.8% 0.7%
           
Continuing Operations          
PE Ratio - Adjusted 27.4 28.7 29.2 38.3 40.5
PE Ratio - Diluted 33.0
27.5		 33.4
28.8		 36.0
34.3		 39.0
44.3		 44.3
47.3
PEG - Adjusted 2.0 3.6 1.7 3.2 20.2
PEG - Diluted 3.3
2.0		 2.2
1.1		 n/a
2.3		 1.9
3.4		 4.4
n/a
Return on Capital Employed 48.80%
57.71%		 43.17%
49.75%		 36.19%
37.57%		 46.85%
42.05%		 0.52%
0.50%
Operating Margin 18.29%
21.63%		 18.09%
20.84%		 16.19%
16.82%		 20.51%
18.40%		 19.94%
18.97%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 27.4 28.7 29.2 38.3 4,008.7
PE Ratio - Diluted 33.0
27.5		 33.4
28.8		 36.0
34.3		 39.0
44.3		 4,387.0
4,689.0
PEG - Adjusted 2.0 3.6 1.7 0.0 n/a
PEG - Diluted 3.3
2.0		 2.2
1.1		 n/a
2.3		 0.0
0.0		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21
Net Gearing 37.62% 37.32% 37.32% 19.59% 21.95%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21
Price/Book Value (224.0) 1,464.7 1,381.3 56.2 130.3
Price/Tangible Book Value (224.0) 1,489.1 1,404.3 56.3 131.4
Price/ Cash Flow 25.3 34.6 32.7 40.0 32.4
Price/Revenue 4.34 4.39 4.55 6.23 676.56
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) (11.52p) 1.62p 1.61p 44.68p 18.22p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21
Continuing Operations          
Revenue 2,248.10 2,034.10 1,852.80 1,525.30 13.31
EBITDA 477.70
552.80		 427.00
483.10		 409.90
421.70		 401.40
369.30		 3.57
3.44
Depreciation (66.50)
(66.50)		 (59.10)
(59.10)		 (110.00)
(110.00)		 (88.60)
(88.60)		 (0.91)
(0.91)
Net Interest (26.90)
(26.90)		 (27.60)
(27.60)		 (16.90)
(16.90)		 (8.40)
(8.40)		 (0.10)
(0.10)
Profit Before Tax 384.30
459.40		 340.30
396.40		 291.50
303.30		 304.40
272.30		 2.55
2.42
           
Revenue per Share 595.37p 539.12p 490.16p 402.77p 3.51p
Pre-Tax Profit per Share 101.77p
121.66p		 90.19p
105.06p		 77.12p
80.24p		 80.38p
71.90p		 0.67p
0.64p
Market Capitalisation £ (Millions) 9,798.65 8,990.00 8,462.29 9,529.10 9,012.78
Enterprise Value (EV) £ (Millions) 10,591.25 9,753.20 9,226.99 9,960.60 9,398.88
EBITDA/EV 4.51%
5.22%		 4.38%
4.95%		 4.44%
4.57%		 4.03%
3.71%		 0.04%
0.04%
Operating Margin 18.29%
21.63%		 18.09%
20.84%		 16.19%
16.82%		 20.51%
18.40%		 19.94%
18.97%
Capital Employed £ (Millions) 842.60 852.20 852.20 667.60 508.40
Return on Capital Employed 48.80%
57.71%		 43.17%
49.75%		 36.19%
37.57%		 46.85%
42.05%		 0.52%
0.50%
Invested Equity Capital £ (Millions) 1,826.70 1,678.70 1,678.70 1,468.90 1,216.00
           
Earnings per Share - Basic 78.49p
94.23p		 71.23p
82.43p		 62.04p
65.16p		 64.54p
56.75p		 53.61p
50.26p
Earnings per Share - Diluted 78.14p
93.83p		 70.96p
82.12p		 61.86p
64.97p		 64.42p
56.64p		 53.61p
50.16p
Earnings per Share - Adjusted 94.23p 82.40p 76.34p 65.48p 58.67p
Earnings per Share Growth - Basic 10%
14%		 15%
26%		 -4%
15%		 20%
13%		 10%
-12%
Earnings per Share Growth - Diluted 10%
14%		 15%
26%		 -4%
15%		 20%
13%		 10%
-13%
Earnings per Share Growth - Adjusted 14% 8% 17% 12% 2%
PE Ratio - Diluted 33.0
27.5		 33.4
28.8		 36.0
34.3		 39.0
44.3		 44.3
47.3
PEG - Diluted 3.3
2.0		 2.2
1.1		 n/a
2.3		 1.9
3.4		 4.4
n/a
Tax Rate 22.87% 21.01% 19.62% 19.78% 19.61%
Dividend Cover 4.08
4.08		 3.81
3.81		 3.78
3.23		 3.47
3.01		 3.32
2.85
Interest Cover 12.54
14.80		 12.08
13.91		 16.59
17.22		 34.82
31.26		 23.99
22.83
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 78.49p
94.23p		 71.23p
82.43p		 62.04p
65.16p		 64.54p
56.75p		 0.54p
0.51p
Earnings per Share - Diluted 78.14p
93.83p		 70.96p
82.12p		 61.86p
64.97p		 64.42p
56.64p		 0.54p
0.51p
Earnings per Share - Adjusted 94.23p 82.40p 76.34p 65.48p 0.59p
Earnings per Share Growth - Basic 10%
14%		 15%
26%		 -4%
15%		 11,827%
11,085%		 -99%
-99%
Earnings per Share Growth - Diluted 10%
14%		 15%
26%		 -4%
15%		 11,804%
11,088%		 -99%
-99%
Earnings per Share Growth - Adjusted 14% 8% 17% 10,957% -99%
PE Ratio - Diluted 33.0
27.5		 33.4
28.8		 36.0
34.3		 39.0
44.3		 4,387.0
4,689.0
PEG - Diluted 3.3
2.0		 2.2
1.1		 n/a
2.3		 0.0
0.0		 n/a
n/a
Dividend Cover 4.08
4.08		 3.81
3.81		 3.78
3.23		 3.47
3.01		 0.03
0.03
Return on Equity (ROE) 16.23%
19.48%		 16.01%
18.53%		 13.97%
14.67%		 16.64%
14.63%		 0.17%
0.16%
Operating Cash Flow per Share 101.96p 68.38p 68.25p 62.69p 73.21p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (5.56p) 2.68p 2.67p 5.49p 0.080p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 23.12p 21.61p 20.20p 18.88p 17.65p
Dividend per Share Growth 6.99% 6.98% 6.99% 6.97% 6.97%
Dividend Yield 0.9% 0.9% 0.9% 0.8% 0.7%
Shareholders Funds 1,736.50 1,598.80 1,598.80 1,402.70 1,167.00
Net Borrowings £ (Millions) 653.20 596.70 596.70 274.80 256.20
Net Asset Value per Share (inc. Intangibles) (11.52p) 1.59p 1.59p 44.57p 18.06p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21
Shareholders' Funds inc Intangibles 1,736.50 1,598.80 1,598.80 1,402.70 1,167.00
Net Borrowings £ (Millions) 653.20 596.70 596.70 274.80 256.20
Net Gearing 37.62% 37.32% 37.32% 19.59% 21.95%
Cash & Near Cash 142.70 169.50 169.50 157.40 134.10
Cash 8.22% 10.60% 10.60% 11.22% 11.49%
Gross Borrowings 795.90 766.20 766.20 432.20 390.30
Gross Gearing 45.83% 47.92% 47.92% 30.81% 33.44%
Borrowings Under 5 years 795.90 766.20 766.20 432.20 390.30
Under 5 years 45.83% 47.92% 47.92% 30.81% 33.44%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21
Shareholders' Funds exc Intangibles (43.50) 6.00 6.00 168.80 68.50
Net Borrowings £ (Millions) 653.20 596.70 596.70 274.80 256.20
Net Gearing n/a 9,945.00% 9,945.00% 162.80% 374.01%
Cash & Near Cash 142.70 169.50 169.50 157.40 134.10
Cash (328.05%) 2,825.00% 2,825.00% 93.25% 195.77%
Gross Borrowings 795.90 766.20 766.20 432.20 390.30
Gross Gearing 1,829.66% 12,770.00% 12,770.00% 256.04% 569.78%
Borrowings Under 5 years 795.90 766.20 766.20 432.20 390.30
Under 5 years (1,829.66%) 12,770.00% 12,770.00% 256.04% 569.78%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21
Quick Ratio 1.63 1.71 1.71 1.33 1.64
Current Ratio 2.45 2.62 2.62 1.96 2.31

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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