HEXAGON COMPOSITES ASA (HEX.OL) Fundamental Analysis & Valuation

OSL:HEX • NO0003067902

Current stock price

10.14 NOK
+0.08 (+0.8%)
Last:

This HEX.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

1

1. HEX.OL Profitability Analysis

1.1 Basic Checks

  • In the past year HEX has reported negative net income.
  • HEX had a negative operating cash flow in the past year.
  • HEX had negative earnings in 4 of the past 5 years.
  • The reported operating cash flow has been mixed in the past 5 years: HEX reported negative operating cash flow in multiple years.
HEX.OL Yearly Net Income VS EBIT VS OCF VS FCFHEX.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M 1B -1B

1.2 Ratios

  • Looking at the Return On Assets, with a value of -21.38%, HEX is doing worse than 88.78% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of -42.34%, HEX is doing worse than 85.98% of the companies in the same industry.
Industry RankSector Rank
ROA -21.38%
ROE -42.34%
ROIC N/A
ROA(3y)-2.19%
ROA(5y)-2.83%
ROE(3y)-4.24%
ROE(5y)-6.16%
ROIC(3y)N/A
ROIC(5y)N/A
HEX.OL Yearly ROA, ROE, ROICHEX.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 -40

1.3 Margins

  • Looking at the Gross Margin, with a value of 49.81%, HEX is in the better half of the industry, outperforming 67.29% of the companies in the same industry.
  • In the last couple of years the Gross Margin of HEX has remained more or less at the same level.
  • HEX does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 49.81%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.12%
GM growth 5Y-0.35%
HEX.OL Yearly Profit, Operating, Gross MarginsHEX.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40

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3

2. HEX.OL Health Analysis

2.1 Basic Checks

  • HEX does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • HEX has more shares outstanding than it did 1 year ago.
  • HEX has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for HEX is higher compared to a year ago.
HEX.OL Yearly Shares OutstandingHEX.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M
HEX.OL Yearly Total Debt VS Total AssetsHEX.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.2 Solvency

  • HEX has a Debt/Equity ratio of 0.63. This is a neutral value indicating HEX is somewhat dependend on debt financing.
  • HEX has a Debt to Equity ratio of 0.63. This is in the lower half of the industry: HEX underperforms 66.36% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.63
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC8.53%
HEX.OL Yearly LT Debt VS Equity VS FCFHEX.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B 3B

2.3 Liquidity

  • HEX has a Current Ratio of 3.18. This indicates that HEX is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 3.18, HEX belongs to the top of the industry, outperforming 91.59% of the companies in the same industry.
  • A Quick Ratio of 1.32 indicates that HEX should not have too much problems paying its short term obligations.
  • HEX's Quick ratio of 1.32 is fine compared to the rest of the industry. HEX outperforms 75.70% of its industry peers.
Industry RankSector Rank
Current Ratio 3.18
Quick Ratio 1.32
HEX.OL Yearly Current Assets VS Current LiabilitesHEX.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

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4

3. HEX.OL Growth Analysis

3.1 Past

  • HEX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -360.19%.
  • Looking at the last year, HEX shows a very negative growth in Revenue. The Revenue has decreased by -40.96% in the last year.
  • Measured over the past years, HEX shows a decrease in Revenue. The Revenue has been decreasing by -0.84% on average per year.
EPS 1Y (TTM)-360.19%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%80.53%
Revenue 1Y (TTM)-40.96%
Revenue growth 3Y-11.71%
Revenue growth 5Y-0.84%
Sales Q2Q%-45.76%

3.2 Future

  • HEX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 35.48% yearly.
  • HEX is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 29.65% yearly.
EPS Next Y63.71%
EPS Next 2Y44.23%
EPS Next 3Y35.48%
EPS Next 5YN/A
Revenue Next Year11.01%
Revenue Next 2Y27.36%
Revenue Next 3Y29.65%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
HEX.OL Yearly Revenue VS EstimatesHEX.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2B 4B 6B
HEX.OL Yearly EPS VS EstimatesHEX.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 2 -2 4 -4 6 8

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1

4. HEX.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for HEX. In the last year negative earnings were reported.
  • Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for HEX. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
HEX.OL Price Earnings VS Forward Price EarningsHEX.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, HEX is valued expensively inside the industry as 80.37% of the companies are valued cheaper.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 25.69
HEX.OL Per share dataHEX.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10

4.3 Compensation for Growth

  • HEX's earnings are expected to grow with 35.48% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y44.23%
EPS Next 3Y35.48%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. HEX.OL Dividend Analysis

5.1 Amount

  • No dividends for HEX!.
Industry RankSector Rank
Dividend Yield 0%

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HEX.OL Fundamentals: All Metrics, Ratios and Statistics

HEXAGON COMPOSITES ASA

OSL:HEX (4/1/2026, 7:00:00 PM)

10.14

+0.08 (+0.8%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)02-12
Earnings (Next)05-13
Inst Owners10.61%
Inst Owner ChangeN/A
Ins Owners0.18%
Ins Owner ChangeN/A
Market Cap2.56B
Revenue(TTM)2.95B
Net Income(TTM)-1.13B
Analysts77.78
Price Target13.94 (37.48%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-47.84%
Min EPS beat(2)-85.19%
Max EPS beat(2)-10.5%
EPS beat(4)0
Avg EPS beat(4)-77.37%
Min EPS beat(4)-181.8%
Max EPS beat(4)-10.5%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)3.02%
Min Revenue beat(2)-13.43%
Max Revenue beat(2)19.48%
Revenue beat(4)2
Avg Revenue beat(4)-5.47%
Min Revenue beat(4)-30.17%
Max Revenue beat(4)19.48%
Revenue beat(8)3
Avg Revenue beat(8)-3.33%
Revenue beat(12)5
Avg Revenue beat(12)-2.37%
Revenue beat(16)9
Avg Revenue beat(16)0.86%
PT rev (1m)-29.91%
PT rev (3m)-48.91%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-104.22%
EPS NY rev (3m)-104.22%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-12.94%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-12.26%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.87
P/FCF N/A
P/OCF N/A
P/B 0.96
P/tB 2.57
EV/EBITDA 25.69
EPS(TTM)-4.03
EYN/A
EPS(NY)-1.46
Fwd EYN/A
FCF(TTM)-0.69
FCFYN/A
OCF(TTM)-0.15
OCFYN/A
SpS11.72
BVpS10.6
TBVpS3.94
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -21.38%
ROE -42.34%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 49.81%
FCFM N/A
ROA(3y)-2.19%
ROA(5y)-2.83%
ROE(3y)-4.24%
ROE(5y)-6.16%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.12%
GM growth 5Y-0.35%
F-Score3
Asset Turnover0.56
Health
Industry RankSector Rank
Debt/Equity 0.63
Debt/FCF N/A
Debt/EBITDA 10.7
Cap/Depr 44.48%
Cap/Sales 4.63%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 3.18
Quick Ratio 1.32
Altman-Z N/A
F-Score3
WACC8.53%
ROIC/WACCN/A
Cap/Depr(3y)97.98%
Cap/Depr(5y)121.38%
Cap/Sales(3y)6.98%
Cap/Sales(5y)8.94%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-360.19%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%80.53%
EPS Next Y63.71%
EPS Next 2Y44.23%
EPS Next 3Y35.48%
EPS Next 5YN/A
Revenue 1Y (TTM)-40.96%
Revenue growth 3Y-11.71%
Revenue growth 5Y-0.84%
Sales Q2Q%-45.76%
Revenue Next Year11.01%
Revenue Next 2Y27.36%
Revenue Next 3Y29.65%
Revenue Next 5YN/A
EBIT growth 1Y-139.69%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year222.93%
EBIT Next 3Y85.16%
EBIT Next 5YN/A
FCF growth 1Y-3.43%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-129.76%
OCF growth 3YN/A
OCF growth 5YN/A

HEXAGON COMPOSITES ASA / HEX.OL Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for HEXAGON COMPOSITES ASA?

ChartMill assigns a fundamental rating of 2 / 10 to HEX.OL.


What is the valuation status for HEX stock?

ChartMill assigns a valuation rating of 1 / 10 to HEXAGON COMPOSITES ASA (HEX.OL). This can be considered as Overvalued.


What is the profitability of HEX stock?

HEXAGON COMPOSITES ASA (HEX.OL) has a profitability rating of 1 / 10.


What is the earnings growth outlook for HEXAGON COMPOSITES ASA?

The Earnings per Share (EPS) of HEXAGON COMPOSITES ASA (HEX.OL) is expected to grow by 63.71% in the next year.