Halma HLMA.L
Halma is a British industrial conglomerate that designs and manufactures safety, health, and environmental technology products for global niche markets. Halma is a high-quality conglomerate with solid margins (20.58%) and an ROE of 18.31%, but its valuation is demanding (P/E 35.73) and the slower growth guidance for the coming year adds pressure, justifying a low valuation score.
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
Halma is a British industrial conglomerate that designs and manufactures safety, health, and environmental technology products for global niche markets. Halma is a high-quality conglomerate with solid margins (20.58%) and an ROE of 18.31%, but its valuation is demanding (P/E 35.73) and the slower growth guidance for the coming year adds pressure, justifying a low valuation score.
Score by category
| Category | Score |
|---|---|
| Financial health | 7.6 |
| Quality / Moat | 6.7 |
| Valuation | 3.1 |
| Growth | 6.8 |
| Dividend | 3.9 |
| Momentum | 4.3 |
| Risk & Context | 6.7 |
OVERALL SCORE: 5.6/10
Context and risks
The macro context (rates, oil, geopolitics) does not materially affect Halma. Its diversified business of safety, health, and environmental technology products has no direct exposure to these factors. The main risk is company-specific: the slowdown in organic growth.
News considered in the analysis
- Halma PLC (HLMAF) Full Year 2026 Earnings Call Highlights: Record Profit Growth and Strategic ... — Resultados récord, pero el mercado ya lo esperaba en gran medida; refuerza la calidad del negocio.
- British device maker Halma's shares slump on slower annual growth forecast — Guía de crecimiento más lenta es una señal material de desaceleración, parcialmente descontada tras la caída de la acción.
- How The Halma (LSE:HLMA) Investment Story Is Shifting As Analyst Targets Converge — Artículo de opinión sobre la convergencia de objetivos de analistas, sin información nueva.
- FTSE 100 Live: Stocks flat as Trump says US to be 'guardian of Hormuz strait' — Noticia macro general sin impacto directo en el negocio de Halma.
- Halma H2 Earnings Call Highlights — Aspectos destacados de la llamada de resultados, consistente con los resultados récord.
Verdict: Hold; the quality of the business is high, but the valuation offers no margin of safety and growth is decelerating.
Main risk: The main risk is the deceleration of organic growth, which may not justify the high valuation multiple (P/E 35.73) and could lead to a further correction in the share price.
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