Environment, Health and Safety (EH&S)Industrial AutomationSensorsWater PurificationHealth DiagnosticsEnvironmental ConsultingSmart Water Networks (SWN)Detectors, Sensors and MemsPollution ControlDeveloper ToolsHardwareMarket Research
Description
Halma plc, together its subsidiaries, provides technology solutions in the safety, health, and environmental markets.
Business Segments
Safety: This segment focuses on products and solutions that enhance the safety of people and infrastructure. Thi…
Analysis
Quality compounder
Halma plc earns the quality_compounder label: good underlying economics priced fairly, with no obvious bargain or excess. Worth noting: the cash the business generates has lagged behind what the income statement shows.
On valuation, the picture is expensive. The owner-earnings multiple stands at 33.8×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 13% a year, against analyst forecasts of 12%. The price, in other words, assumes less than the experts do.
Growth is moderate; the safety picture is adequate. The company scores 20/20 on our value-creation score: strong value creator.
Flags to be aware of: A large part of the company's book value is the price paid for past acquisitions. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.
360° rank · history
1007550250
Jan 20235
47
2023202420252026
All-time high
83
Nov 2025
All-time low
5
Jan 2023
Average rank
56
across all years
Detailed & Historical Ranks
Deep dive into 15 detailed ranks and 3 years of history.
Current202520242023
Price/Sales
3
3
9
5
Price/Earnings
14
16
9
5
Price/Book
12
10
9
15
Dividend Yield
45
45
45
37
Value (overall)
10
6
8
4
Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.