Halmont Properties (HMT) AI Stock Analysis

• Market Cap: C$136.17M
• Dividend Yield: N/A
• Average Volume (3M): 5.61K
• Price to Earnings (P/E): 7.5
• Beta (1Y): 0.89
• Revenue Growth: 70.08%
• EPS Growth: -20.96%
• Country: CA
• Employees: N/A
• Sector: General
• Sector Strength: N/A
• Industry: Real Estate - Development
• EPS (TTM): 0.01
• Shares Outstanding: 83,940,000
• 10 Day Avg. Volume: 72
• 30 Day Avg. Volume: 5,611
• PEG Ratio: 0.00
• Price to Book (P/B): 0.49
• Price to Sales (P/S): 3.29
• P/FCF Ratio: 33.55
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: C$1.00 ▼(-9.09% Downside)
• Action: Downgraded Date: 01/04/26
• Date: Action: Downgraded 01/04/26

The score is driven primarily by strong recent profitability and improving leverage, supported by a relatively low P/E. Offsetting these positives are historical volatility in revenue and cash-flow conversion, while technical indicators point to only mild (not strong) positive momentum.

Positive Factors

Revenue Growth

Consistent revenue growth and high margins indicate a strong market position and effective business strategy, supporting long-term expansion.

Profitability

High profitability margins reflect efficient operations and a competitive advantage, enhancing the company's ability to reinvest in growth opportunities.

Balance Sheet Health

A stable balance sheet with moderate leverage provides financial flexibility and reduces risk, supporting sustainable operations and growth.

Negative Factors

Earnings Growth

Negative earnings growth suggests challenges in profitability and could hinder the company's ability to attract investment and sustain growth.

Debt Levels

Rising debt levels can strain financial resources and increase risk, potentially impacting long-term financial stability and growth.

Cash Flow Management

Declining free cash flow growth indicates potential liquidity issues, which could limit the company's ability to fund operations and investments.

Halmont Properties Business Overview & Revenue Model

Company Description

Halmont Properties Corporation invests in real assets in Canada. The company invests in commercial, residential, and forest properties; and provides investment management services for the property and infrastructure sectors. As of December 31, 2021, its property portfolio comprises six heritage commercial buildings; 75% interest in the ground and second-floor premises of a residential condominium complex; 40% equity interest in Haliburton Forest & Wildlife Reserve Limited; 60% net profit partnership interest in the redevelopment of the peripheral lands of the Muskoka Grandview Resort in Huntsville, Ontario. The company was formerly known as H.A.L. Concepts, Ltd. and changed its name to Halmont Properties Corporation in February 2007. Halmont Properties Corporation was incorporated in 2000 and is headquartered in Toronto, Canada.

How the Company Makes Money

Halmont Properties generates revenue primarily through several key streams: rental income from its portfolio of residential and commercial properties, profits from property sales following redevelopment, and property management fees charged to clients for overseeing their real estate investments. Additionally, the company may engage in joint ventures with other real estate firms or investors, sharing in the profits generated from these collaborations. Strategic partnerships with construction companies and urban planners also facilitate cost-effective property enhancements, further boosting the company's profitability.

Halmont Properties Financial Statement Overview

Summary

Strong recent profitability (TTM gross margin ~84%, net margin ~56%) and improving leverage (debt-to-equity ~0.55 TTM vs ~0.70 in 2024) support the score, but uneven revenue and cash-flow consistency (including historical negative/weak FCF and volatile margins) reduce confidence in durability.

Income Statement

Halmont Properties shows very strong profitability for a real estate developer, with TTM (Trailing-Twelve-Months) gross margin ~84% and net margin ~56%, alongside solid revenue growth (~5%). Revenue has expanded meaningfully versus earlier years, but the growth path has not been smooth (including periods of revenue decline), and margins have been unusually volatile at times (e.g., 2023 profitability appears outsized versus revenue), which reduces predictability.

Balance Sheet

Leverage is moderate and improving in the most recent period: debt-to-equity is ~0.55 in TTM (Trailing-Twelve-Months) versus ~0.70 in 2024, although debt remains sizable in absolute terms. Equity has grown over time, supporting the capital base. Returns on equity are positive but not exceptional (~9% TTM), suggesting decent value creation but not a standout balance-sheet-driven return profile.

Cash Flow

Cash generation is positive in TTM (Trailing-Twelve-Months), with operating cash flow and free cash flow both ~5.1M and sharply higher than 2024. However, cash flow conversion has been inconsistent across years (including negative free cash flow in 2021 and weak operating cash flow coverage in several periods), which is a key risk for a capital-intensive real estate business even with the recent rebound.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	35.96M	32.03M	14.93M	19.51M	13.49M	11.22M
Gross Profit	30.38M	30.29M	13.63M	17.81M	11.99M	9.66M
EBITDA	29.14M	29.15M	7.77M	16.45M	11.64M	8.89M
Net Income	20.16M	17.06M	17.26M	9.82M	7.25M	5.62M
Balance Sheet
Total Assets	396.87M	411.77M	253.57M	224.03M	265.82M	220.19M
Cash, Cash Equivalents and Short-Term Investments	3.13M	8.63M	0.00	72.09M	87.00K	64.00K
Total Debt	124.42M	150.56M	71.37M	56.97M	110.08M	101.11M
Total Liabilities	142.65M	168.38M	81.25M	68.77M	119.50M	109.67M
Stockholders Equity	226.35M	216.34M	148.50M	132.66M	124.58M	93.33M
Cash Flow
Free Cash Flow	5.14M	3.14M	2.71M	845.00K	-5.58M	19.34M
Operating Cash Flow	5.14M	3.14M	2.71M	845.00K	1.99M	1.14M
Investing Cash Flow	-25.60M	-104.41M	-9.59M	55.46M	-37.94M	-6.26M
Financing Cash Flow	23.57M	101.53M	6.88M	-56.39M	35.97M	5.13M

Halmont Properties Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:HMT, the sentiment is Negative. The current price of 1.1 is above the 20-day moving average (MA) of 0.90, above the 50-day MA of 1.00, and above the 200-day MA of 1.02, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 13.35 is Positive, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:HMT.

Halmont Properties Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MRD	75 Outperform	C$515.76M	8.84	4.72%	3.14%	29.55%	425.60%
HMT	69 Neutral	C$136.17M	7.50	8.49%	―	70.08%	-20.96%
FCD.UN	68 Neutral	C$225.06M	11.88	6.20%	8.65%	2.69%	-45.80%
WFC	66 Neutral	C$542.97M	16.37	17.19%	―	-4.02%	34.29%
GDC	65 Neutral	C$189.16M	5.62	12.71%	―	7.07%	-3.06%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
D.UN	47 Neutral	C$322.97M	-2.06	-14.98%	5.65%	-1.06%	-20.07%

Halmont Properties Corporate Events

Halmont Properties Sees Growth in Third Quarter 2025

Halmont Properties Corporation reported a net income of $12.25 million for the first nine months of 2025, an increase from $10.35 million in the same period in 2024. The company’s commercial properties and forestry investments continue to perform well, contributing to stable cash flows and growth in earnings and asset values, while maintaining a strong balance sheet and flexibility for future opportunities.

The most recent analyst rating on (TSE:HMT) stock is a Buy with a C$1.00 price target. To see the full list of analyst forecasts on Halmont Properties stock, see the TSE:HMT Stock Forecast page.