Halma PLC

HLMA: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GBX 8,217.00	Jvchwgz	Gnqpkcjcl

Our Forecasts for Halma Are Unchanged After Trading Update; Shares Fairly Valued

Matthew Donen

Mar 14, 2024

Narrow-moat Halma’s 2024 trading update was light in quantitative detail, yet confirmed the business is on track to deliver between GBP 376 million and GBP 393.5 million in profit before tax. We’re maintaining our GBP 384 million forecast, which translates into 6% growth for the full year and we also retain our GBX 2,310 fair value estimate. Shares are currently fairly valued.

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