2024-07-29 05:13:00 ET
Summary
- Halma reported strong results for fiscal 2024, despite a challenging macroeconomic environment.
- In this update, I discuss Halma's latest results, highlight some aspects underlying the company's long-term success, and provide an updated valuation.
- Halma stock, which is virtually always expensive, is even more expensive than its current P/E ratio suggests.
- I share at what price I can see myself taking a position in HALMY stock.
Introduction
Halma p.l.c. ( OTCPK:HLMAF , OTCPK:HALMY ), the U.K.-based technology and safety equipment company, recently published its full-year results for fiscal 2024 . The market, which has shunned HAMLY shares for two years now, clearly liked the results, as evidenced by the sharp rise following the results.
As a U.K.-based company with a current market capitalization of £10 billion (around $12 billion), Halma is rarely covered here on Seeking Alpha - unfairly in my view. I firmly believe that Halma is one of the best-managed companies in the world, operating in several industries that are benefiting strongly from secular growth drivers such as the transition to alternative energy sources or the ever-increasing regulatory requirements around safety and hygiene....
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For further details see:
Is Halma Worth The Hype? Analyzing Its 2024 Earnings And Premium Stock Valuation