Strong revenue growth and healthy margins remain a heady mix for industrial investors, and Halma (OTCPK:HLMAF) (OTCPK:HLMLY)
(HLMA.L) is a good case in point. The market has amply rewarded this
diversified European safety, health, and environmental conglomerate for
its ongoing growth, with the shares up 25% or so since the last time I wrote.
Halma's
model of steadily acquiring leading businesses in defensible niches has
a lot of room to run, but it's hard to reconcile what I regard as a
very good long-term model with today's valuation. Trading at close to
20x next year's EBITDA, it's hard to argue that this is any sort of
overlooked hidden gem at this point.
Read more here:
Halma's Model Continues To Drive Value For Shareholders
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