Halma raised its full-year adjusted EBIT margin guidance to 23.5%-24.0% from 22.7% in a brief trading update ahead of its half-year results. Full-year organic revenue guidance was kept unchanged, implying 30% growth in its photonics business. Shares are unchanged intraday Sept. 24.
Most of the group’s markets are underpinned by regulation, which drives durable demand throughout the cycle and thus greater resilience than many other industrial businesses.
As Halma has grown, its ability to generate 5% profit growth from acquisitions has been inconsistent.
|
Metric
|
HLMA
|
SIE
|
AFX
|
|---|---|---|---|
Price/Earnings (Normalized) | 31.89 | 25.85 | 22.28 |
Price/Book Value | 5.88 | 3.03 | 1.42 |
Price/Sales | 4.95 | 2.58 | 1.37 |
Price/Cash Flow | 24.18 | 17.61 | 12.15 |
|
Metric
|
HLMA
|
SIE
|
AFX
|
|---|---|---|---|
Quick Ratio | 1.41 | 1.14 | 1.40 |
Current Ratio | 2.14 | 1.44 | 2.34 |
Interest Coverage | 14.93 | 6.49 | 7.20 |
|
Metric
|
HLMA
|
SIE
|
AFX
|
|---|---|---|---|
Return on Assets (Normalized) | 12.53% | 5.28% | — |
Return on Equity (Normalized) | 21.34% | 13.71% | — |
Return on Invested Capital (Normalized) | 15.64% | 6.47% | — |
|
1-Day Chart
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United States