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

OSL:HEX • NO0003067902

Current stock price

9.09 NOK
-0.22 (-2.36%)
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 89.72% of the companies in the same industry.
  • HEX's Return On Equity of -42.34% is on the low side compared to the rest of the industry. HEX is outperformed by 86.92% of its industry peers.
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

  • With a decent Gross Margin value of 49.81%, HEX is doing good in the industry, outperforming 66.36% 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.
  • The Profit Margin and Operating Margin are not available for HEX so they could not be analyzed.
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.
  • Compared to 1 year ago, HEX has more shares outstanding
  • The number of shares outstanding for HEX has been increased compared to 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

  • A Debt/Equity ratio of 0.63 indicates that HEX is somewhat dependend on debt financing.
  • HEX has a worse Debt to Equity ratio (0.63) than 63.55% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.63
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC8.64%
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

  • A Current Ratio of 3.18 indicates that HEX has no problem at all paying its short term obligations.
  • HEX has a better Current ratio (3.18) than 90.65% of its industry peers.
  • 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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. HEX.OL Growth Analysis

3.1 Past

  • The earnings per share for HEX have decreased strongly by -360.19% in the last year.
  • HEX shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -40.96%.
  • HEX shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -0.84% yearly.
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

  • Based on estimates for the next years, HEX will show a very strong growth in Earnings Per Share. The EPS will grow by 35.48% on average per year.
  • 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

  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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.
  • Also next year HEX is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
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 more expensive than 80.37% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 24.36
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

  • A more expensive valuation may be justified as HEX's earnings are expected to grow with 35.48% in the coming years.
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

  • HEX does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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HEX.OL Fundamentals: All Metrics, Ratios and Statistics

HEXAGON COMPOSITES ASA

OSL:HEX (3/27/2026, 7:00:00 PM)

9.09

-0.22 (-2.36%)

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 Cap2.29B
Revenue(TTM)2.95B
Net Income(TTM)-1.13B
Analysts77.78
Price Target13.94 (53.36%)
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)-54.06%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-150%
EPS NY rev (1m)-104.22%
EPS NY rev (3m)-216.93%
Revenue NQ rev (1m)-12.94%
Revenue NQ rev (3m)-32.35%
Revenue NY rev (1m)-12.26%
Revenue NY rev (3m)-26.63%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.78
P/FCF N/A
P/OCF N/A
P/B 0.86
P/tB 2.31
EV/EBITDA 24.36
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
WACC8.64%
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.


How profitable is HEXAGON COMPOSITES ASA (HEX.OL) stock?

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


What is the financial health of HEXAGON COMPOSITES ASA (HEX.OL) stock?

The financial health rating of HEXAGON COMPOSITES ASA (HEX.OL) is 3 / 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.