Halmont Properties Corporation (HMT.V) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+266.5%

CA$3.26

vs CA$0.89 price

Levered DCF

-CA$0.48

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.11

Distress zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	11.43×	6.54×	6.77×	10.98×	16.81×	17.52×	9.62×	36.23×
P/B	0.73×	0.49×	0.73×	0.81×	0.8×	0.84×	0.7×	1.68×
P/S	4.72×	3.29×	7.3×	5.53×	7.35×	6.95×	4.63×	13.38×
EV / EBITDA	12.53×	8.77×	6.94×	10.02×	17.97×	20.15×	13.9×	29.68×
Gross margin	81.7%	94.6%	91.3%	91.3%	88.9%	86.1%	86.8%	79.7%
Operating margin	79.2%	91.0%	86.8%	84.3%	86.3%	29.7%	49.7%	70.1%
Net margin	50.2%	53.3%	115.6%	50.3%	53.8%	50.1%	48.1%	36.9%
Current ratio	20.79×	10.68×	94.18×	37.77×	51.1×	36.8×	65.06×	128.87×
Debt / equity	0.82×	0.7×	0.48×	0.43×	0.88×	1.08×	1.05×	1.19×
Interest coverage	4.9×	4.31×	2.66×	4.84×	3.37×	0.93×	2.66×	2.6×
Dividend yield	1.5%	0.8%	0.7%	0.7%	0.8%	1.0%	0.0%	0.0%
Payout ratio	13.8%	4.7%	4.6%	8.1%	11.0%	14.2%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	7.8%	7.9%	11.6%	7.4%	5.8%	6.0%	7.3%	4.6%
Return on invested capital	5.3%	5.9%	4.5%	6.0%	3.9%	1.5%	2.6%	3.0%
Return on assets	3.8%	4.1%	6.8%	4.4%	2.7%	2.6%	3.1%	1.8%
Free cash flow yield	4.3%	3.0%	2.5%	0.8%	-5.6%	24.8%	54.8%	1.2%
Earnings yield	10.6%	16.2%	15.8%	9.1%	7.3%	7.2%	10.4%	2.8%
Enterprise value	CA$357.8M	CA$255.7M	CA$180.4M	CA$164.8M	CA$209.1M	CA$179M	CA$155.7M	CA$178.4M
Net debt / EBITDA	6.57×	5.16×	2.74×	3.46×	9.45×	11.37×	8.33×	12.3×
Cash conversion cycle (days)	565	-318	926	13,507	24,111	25,367	18,595	17,154