# Hansa Trust A Shares (HANA.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services / Asset Management. Price 333p, market value 649 millionp.

## Valuation
- **P/E (trailing): 3.7×** (5-yr avg 1067.3×, 3-yr avg 1021.2×). Hansa Trust A Shares trades at 3.7× trailing earnings, well below its own five-year average of 1067.3×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 13.9×**. Each dollar of revenue is priced at 13.9×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 0.7×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 3.3×**. Enterprise value is 3.3× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 51.2%** (5-yr avg 0.2%). Free cash flow equals 51.2% of the market value, above its five-year average of 0.2%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 27.0%**. The inverse of the P/E: 27.0% of the price is earned each year.

## Profitability
- **Gross margin: 89.6%**. Hansa Trust A Shares keeps 89.6% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 299.7%**. 299.7% of revenue is left after running the business, an exceptional level.
- **Net margin: 422.6%**. 422.6% of each dollar of sales reaches the bottom line.
- **Return on equity: 13.3%**. 13.3% on shareholders' equity is solid.
- **Return on invested capital: 17.4%**. Return on all capital, debt included, is 17.4%: comfortably above what that capital costs.
- **Return on assets: 13.7%**. Each dollar of assets produces 13.7% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 153.0%** (5-yr -20.4%/yr). Revenue grew 153.0% over the last year, against -20.4% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 951.4%** (5-yr 2.4%/yr). Earnings per share rose 951.4%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 182.9%/yr**. Free cash flow has compounded at 182.9% a year over three years.

## Financial health
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.
- **Cash and short-term investments: 178 millionp**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 2.42%** (0p per share, trailing). Hansa Trust A Shares yields 2.42%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 1%** (1% of free cash flow). 1% of earnings goes out as dividends, leaving room to keep raising it.
- **Dividend growth (5 yr): -12.9%/yr** (1-yr -50.0%). The dividend has not grown over five years.
- **Shareholder yield: 5.4%**. Dividends plus net buybacks return 5.4% of the market value a year.

## Price and momentum
- **Total return (1 yr): 22.1%** (YTD 24.4%, 3-mo 5.1%). The shares are up 22.1% over twelve months including dividends.
- **From 52-week high: -0.5%** (36.6% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 58**. An RSI of 58 is neutral.
- **Beta (1 yr): 0.20** (volatility 19%). Beta of 0.20 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=HANA.L · Page: https://foliofundamentals.com/stocks/hana.l

Not investment advice.