Haleon PLC (HLN) intrinsic value & 10-year financials
Haleon PLC (HLN) has a Graham intrinsic value of £3.91 per share. At £10.13 on Oct 17, 2026, the stock trades 159% above that value. Over the last 7 fiscal years revenue grew 2.2% a year to £11.0B, with an average return on invested capital of 5.8%.
- Graham intrinsic value
- £3.91
- Share price (Oct 17, 2026)
- £10.13
- Price vs Graham value
- 159% above
- Market cap
- £91.0B
- Revenue (FY2025)
- £11.0B
- Revenue growth (7-yr CAGR)
- 2.2%
- ROIC (10-yr avg)
- 5.8%
- Free cash flow (FY2025)
- £2.3B
HLN 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | £11.0B | £1.7B | £0.18 | £2.3B | 21.9% | 7.9% |
| FY2024 | £11.2B | £1.5B | £0.16 | £2.1B | 19.6% | 6.9% |
| FY2023 | £11.3B | £1.1B | £0.11 | £1.9B | 17.7% | 5.3% |
| FY2022 | £10.9B | £1.1B | £0.12 | £1.8B | 16.8% | 4.8% |
| FY2021 | £9.5B | £1.4B | £0.15 | £1.1B | 17.2% | 5.5% |
| FY2020 | £9.9B | £1.2B | £0.12 | £1.2B | 16.2% | 4.4% |
| FY2019 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in GBP.
Executive summary
HALEON PLC revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
HALEON PLC has historically struggled to out-earn its cost of capital, averaging just 6.1% ROIC.
HALEON PLC capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, HALEON PLC is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $3.91 per share.