HEXAGON COMPOSITES ASA(OSL:HEX) stock Fundamental Analysis

Fundamental Rating

HEX gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 110 industry peers in the Machinery industry. Both the profitability and financial health of HEX have multiple concerns. While showing a medium growth rate, HEX is valued expensive at the moment.

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1. Profitability

1.1 Basic Checks

HEX had negative earnings in the past year.

In the past year HEX had a positive cash flow from operations.

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.

1.2 Ratios

The Return On Assets of HEX (-15.94%) is worse than 82.73% of its industry peers.

With a Return On Equity value of -35.45%, HEX is not doing good in the industry: 81.82% of the companies in the same industry are doing better.

HEX has a Return On Invested Capital (5.48%) which is comparable to the rest of the industry.

HEX had an Average Return On Invested Capital over the past 3 years of 3.60%. This is below the industry average of 8.45%.

The 3 year average ROIC (3.60%) for HEX is below the current ROIC(5.48%), indicating increased profibility in the last year.

		Industry Rank	Sector Rank
ROA	-15.94%
ROE	-35.45%
ROIC	5.48%

ROA(3y)3.93%

ROA(5y)1.18%

ROE(3y)7.04%

ROE(5y)1.81%

ROIC(3y)3.6%

ROIC(5y)N/A

1.3 Margins

The Operating Margin of HEX (7.07%) is comparable to the rest of the industry.

In the last couple of years the Operating Margin of HEX has grown nicely.

HEX has a better Gross Margin (48.70%) than 64.55% of its industry peers.

In the last couple of years the Gross Margin of HEX has remained more or less at the same level.

		Industry Rank	Sector Rank
OM	7.07%
PM (TTM)	N/A
GM	48.7%

OM growth 3YN/A

OM growth 5Y38.72%

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y-1.78%

GM growth 5Y-0.69%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

HEX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.

HEX has more shares outstanding than it did 1 year ago.

HEX has more shares outstanding than it did 5 years ago.

HEX has a worse debt/assets ratio than last year.

2.2 Solvency

HEX has an Altman-Z score of 2.10. This is not the best score and indicates that HEX is in the grey zone with still only limited risk for bankruptcy at the moment.

HEX has a Altman-Z score of 2.10. This is comparable to the rest of the industry: HEX outperforms 52.73% of its industry peers.

A Debt/Equity ratio of 0.71 indicates that HEX is somewhat dependend on debt financing.

The Debt to Equity ratio of HEX (0.71) is worse than 62.73% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.71
Debt/FCF	N/A
Altman-Z	2.1

ROIC/WACC0.67

WACC8.18%

2.3 Liquidity

A Current Ratio of 2.41 indicates that HEX has no problem at all paying its short term obligations.

Looking at the Current ratio, with a value of 2.41, HEX belongs to the top of the industry, outperforming 80.91% of the companies in the same industry.

A Quick Ratio of 0.96 indicates that HEX may have some problems paying its short term obligations.

Looking at the Quick ratio, with a value of 0.96, HEX is in line with its industry, outperforming 45.45% of the companies in the same industry.

		Industry Rank	Sector Rank
Current Ratio	2.41
Quick Ratio	0.96

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

The earnings per share for HEX have decreased strongly by -173.10% in the last year.

HEX shows a decrease in Revenue. In the last year, the revenue decreased by -5.70%.

Measured over the past years, HEX shows a small growth in Revenue. The Revenue has been growing by 7.37% on average per year.

EPS 1Y (TTM)-173.1%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%-87.34%

Revenue 1Y (TTM)-5.7%

Revenue growth 3Y11.23%

Revenue growth 5Y7.37%

Sales Q2Q%-16.11%

3.2 Future

HEX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 30.87% yearly.

Based on estimates for the next years, HEX will show a quite strong growth in Revenue. The Revenue will grow by 14.48% on average per year.

EPS Next Y-55.39%

EPS Next 2Y19.31%

EPS Next 3Y30.87%

EPS Next 5YN/A

Revenue Next Year5.25%

Revenue Next 2Y13.92%

Revenue Next 3Y14.48%

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.

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for HEX. In the last year negative earnings were reported.

HEX is valuated reasonably with a Price/Forward Earnings ratio of 10.99.

Based on the Price/Forward Earnings ratio, HEX is valued a bit cheaper than the industry average as 70.91% of the companies are valued more expensively.

When comparing the Price/Forward Earnings ratio of HEX to the average of the S&P500 Index (22.13), we can say HEX is valued rather cheaply.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	10.99

4.2 Price Multiples

HEX's Enterprise Value to EBITDA ratio is in line with the industry average.

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	8.74

4.3 Compensation for Growth

A more expensive valuation may be justified as HEX's earnings are expected to grow with 30.87% in the coming years.

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2Y19.31%

EPS Next 3Y30.87%

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5. Dividend

5.1 Amount

HEX does not give a dividend.

		Industry Rank	Sector Rank
Dividend Yield	N/A

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HEXAGON COMPOSITES ASA

OSL:HEX (5/28/2025, 7:00:00 PM)

18.06

0 (0%)

Chartmill FA Rating

GICS SectorIndustrials

GICS IndustryGroupCapital Goods

GICS IndustryMachinery

Earnings (Last)05-15 2025-05-15/bmo

Earnings (Next)08-14 2025-08-14

Inst Owners20.05%

Inst Owner ChangeN/A

Ins Owners0.33%

Ins Owner ChangeN/A

Market Cap3.79B

Analysts84

Price Target46.1 (155.26%)

Short Float %N/A

Short RatioN/A

Dividend

		Industry Rank	Sector Rank
Dividend Yield	N/A

Yearly Dividend0

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)-2127.28%

Min EPS beat(2)-4072.77%

Max EPS beat(2)-181.8%

EPS beat(4)N/A

Avg EPS beat(4)N/A

Min EPS beat(4)N/A

Max EPS beat(4)N/A

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)2

Avg Revenue beat(2)4.43%

Min Revenue beat(2)2.26%

Max Revenue beat(2)6.6%

Revenue beat(4)2

Avg Revenue beat(4)0.78%

Min Revenue beat(4)-5.31%

Max Revenue beat(4)6.6%

Revenue beat(8)4

Avg Revenue beat(8)-0.06%

Revenue beat(12)7

Avg Revenue beat(12)2.24%

Revenue beat(16)9

Avg Revenue beat(16)2.21%

PT rev (1m)0%

PT rev (3m)-5.04%

EPS NQ rev (1m)0%

EPS NQ rev (3m)N/A

EPS NY rev (1m)0%

EPS NY rev (3m)0%

Revenue NQ rev (1m)-5.77%

Revenue NQ rev (3m)N/A

Revenue NY rev (1m)0%

Revenue NY rev (3m)-1.02%

Valuation

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	10.99
P/S	0.78
P/FCF	N/A
P/OCF	16.38
P/B	1.51
P/tB	5.24
EV/EBITDA	8.74

EPS(TTM)-4.24

EYN/A

EPS(NY)1.64

Fwd EY9.1%

FCF(TTM)-0.19

FCFYN/A

OCF(TTM)1.1

OCFY6.1%

SpS23.05

BVpS12

TBVpS3.45

PEG (NY)N/A

PEG (5Y)N/A

Profitability

		Industry Rank	Sector Rank
ROA	-15.94%
ROE	-35.45%
ROCE	7.12%
ROIC	5.48%
ROICexc	5.66%
ROICexgc	9.22%
OM	7.07%
PM (TTM)	N/A
GM	48.7%
FCFM	N/A

ROA(3y)3.93%

ROA(5y)1.18%

ROE(3y)7.04%

ROE(5y)1.81%

ROIC(3y)3.6%

ROIC(5y)N/A

ROICexc(3y)3.85%

ROICexc(5y)N/A

ROICexgc(3y)6.89%

ROICexgc(5y)N/A

ROCE(3y)4.67%

ROCE(5y)N/A

ROICexcg growth 3YN/A

ROICexcg growth 5Y29.26%

ROICexc growth 3YN/A

ROICexc growth 5Y38.65%

OM growth 3YN/A

OM growth 5Y38.72%

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y-1.78%

GM growth 5Y-0.69%

F-Score5

Asset Turnover0.86

Health

		Industry Rank	Sector Rank
Debt/Equity	0.71
Debt/FCF	N/A
Debt/EBITDA	2.84
Cap/Depr	94.9%
Cap/Sales	5.62%
Interest Coverage	2.35
Cash Conversion	36.83%
Profit Quality	N/A
Current Ratio	2.41
Quick Ratio	0.96
Altman-Z	2.1

F-Score5

WACC8.18%

ROIC/WACC0.67

Cap/Depr(3y)140.82%

Cap/Depr(5y)126.19%

Cap/Sales(3y)9.47%

Cap/Sales(5y)8.87%

Profit Quality(3y)N/A

Profit Quality(5y)N/A

High Growth Momentum

Growth

EPS 1Y (TTM)-173.1%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%-87.34%

EPS Next Y-55.39%

EPS Next 2Y19.31%

EPS Next 3Y30.87%

EPS Next 5YN/A

Revenue 1Y (TTM)-5.7%

Revenue growth 3Y11.23%

Revenue growth 5Y7.37%

Sales Q2Q%-16.11%

Revenue Next Year5.25%

Revenue Next 2Y13.92%

Revenue Next 3Y14.48%

Revenue Next 5YN/A

EBIT growth 1Y64.09%

EBIT growth 3YN/A

EBIT growth 5Y48.95%

EBIT Next Year78.55%

EBIT Next 3Y50.89%

EBIT Next 5YN/A

FCF growth 1Y92.26%

FCF growth 3YN/A

FCF growth 5YN/A

OCF growth 1Y181.11%

OCF growth 3YN/A

OCF growth 5Y-8.71%

HEXAGON COMPOSITES ASA (HEX.OL) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

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2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

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5. Dividend

5.1 Amount

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