HEXA-B Stock Analysis: Hexagon (publ) | ST
Scientific & Technical Instruments | ST, Sweden | Market Cap: 280.786m SEK | 12M Return: 10.5% | SE0015961909 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 403M
EPS Trend: 81.9%
Qual. Beats: 1
Rev. Trend: -60.2%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Hexagon AB (publ) is a Sweden-based technology company that provides geospatial and industrial enterprise solutions to customers worldwide. The company operates through four business segments: Manufacturing Intelligence, Geosystems, Autonomous Solutions, and Octave, serving industries such as agriculture, geospatial, manufacturing, mining, positioning, security, and surveillance. Founded in 1975 and headquartered in Stockholm, Hexagon offers a broad portfolio spanning measurement systems, CAD/CAM and CAE software, coordinate measuring machines, GNSS positioning and anti-jam technology, airborne and mobile mapping, laser scanning, mine operations services, and digital reality platforms.
Hexagon is classified within the GICS Information Technology sector under the Electronic Equipment & Instruments sub-industry, reflecting its focus on precision measurement hardware and integrated software platforms. Its business model centers on combining sensor-based hardware (such as GNSS antennas, total stations, and 3D scanners) with enterprise software for asset lifecycle management, operations, and autonomous functionality, allowing the company to serve both capital-intensive industrial customers and government/surveying end markets.
- Manufacturing Intelligence revenue tracks global industrial capex cycle
- Software and autonomous solutions mix expands operating margins
- Serial M&A strategy accelerates Geosystems and digital reality growth
| Net Income: 544.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 5.88 > 1.0 |
| NWC/Revenue: 28.42% < 20% (prev -13.57%; Δ 41.99% < -1%) |
| CFO/TA 0.14 > 3% & CFO 1.49b > Net Income 544.5m |
| Net Debt (626.6m) to EBITDA (3.33b): 0.19 < 3 |
| Current Ratio: 1.53 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.71b) vs 12m ago 0.0% < -2% |
| Gross Margin: 64.19% > 18% (prev 66.95%; Δ -2.76% > 0.5%) |
| Asset Turnover: 34.76% > 50% (prev 31.87%; Δ 2.89% > 0%) |
| Interest Coverage Ratio: 19.59 > 6 (EBIT TTM 2.60b / Interest Expense TTM 132.6m) |
| A: 0.13 (Total Current Assets 3.92b - Total Current Liabilities 2.56b) / Total Assets 10.3b |
| B: 0.68 (Retained Earnings 7.02b / Total Assets 10.3b) |
| C: 0.19 (EBIT TTM 2.60b / Avg Total Assets 13.7b) |
| D: 1.20 (Book Value of Equity 5.61b / Total Liabilities 4.68b) |
| Altman-Z'' = 5.61 = AAA |
| DSRI: 0.83 (Receivables 1.16b/1.58b, Revenue 4.76b/5.44b) |
| GMI: 1.04 (GM 66.95% / 64.19%) |
| AQI: 0.70 (AQ_t 0.56 / AQ_t-1 0.80) |
| SGI: 0.88 (Revenue 4.76b / 5.44b) |
| TATA: -0.09 (NI 544.5m - CFO 1.49b) / TA 10.3b) |
| Beneish M = -3.40 (Cap -4..+1) = AA |
As of October 29, 2026, the stock is trading at SEK 109.45 with a total of 3,222,756 shares traded. Over the past week, the price has changed by +4.54%, over one month by +12.51%, over three months by +27.95% and over the past year by +10.49%.
Current recommended Stop Loss: 106.60 (which is 2.6% or 1.2 ATR below the current price).
Hexagon (publ) has no consensus analysts rating.
Market Cap EUR = 25.4b (281b SEK * 0.0906 SEK.EUR)
P/E Trailing = 12.8186
P/E Forward = 26.178
P/S = 51.3592
P/B = 4.1966
P/EG = 0.7173
Revenue TTM = 4.76b EUR
EBIT TTM = 2.60b EUR
EBITDA TTM = 3.33b EUR
Long Term Debt = 1.58b EUR (from longTermDebt, last quarter)
Short Term Debt = 965.5m EUR (from shortTermDebt, last quarter)
Debt = 2.79b EUR (from shortLongTermDebtTotal, last quarter) + Leases 143.8m
Net Debt = 626.6m EUR (calculated: Debt 2.79b - CCE 2.16b)
Enterprise Value = 26.1b EUR (25.4b + Debt 2.79b - CCE 2.16b)
Interest Coverage Ratio = 19.59 (Ebit TTM 2.60b / Interest Expense TTM 132.6m)
EV/FCF = 21.40x (Enterprise Value 26.1b / FCF TTM 1.22b)
FCF Yield = 4.67% (FCF TTM 1.22b / Enterprise Value 26.1b)
FCF Margin = 25.59% (FCF TTM 1.22b / Revenue TTM 4.76b)
Net Margin = 11.44% (Net Income TTM 544.5m / Revenue TTM 4.76b)
Gross Margin = 64.19% ((Revenue TTM 4.76b - Cost of Revenue TTM 1.70b) / Revenue TTM)
Gross Margin QoQ = 62.24% (prev 62.85%)
Tobins Q-Ratio = 2.53 (Enterprise Value 26.1b / Total Assets 10.3b)
Interest Expense / Debt = 4.76% (Interest Expense 132.6m / Debt 2.79b)
Taxrate = 14.96% (357.1m / 2.39b)
NOPAT = 2.21b (EBIT 2.60b * (1 - 14.96%))
Current Ratio = 1.53 (Total Current Assets 3.92b / Total Current Liabilities 2.56b)
Debt / Equity = 0.50 (Debt 2.79b / totalStockholderEquity, last quarter 5.61b)
Debt / EBITDA = 0.19 (Net Debt 626.6m / EBITDA 3.33b)
Debt / FCF = 0.51 (Net Debt 626.6m / FCF TTM 1.22b)
Total Stockholder Equity = 9.47b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.98% (Net Income 544.5m / Total Assets 10.3b)
RoE = 5.75% (Net Income TTM 544.5m / Total Stockholder Equity 9.47b)
RoCE = 23.50% (EBIT 2.60b / Capital Employed (Equity 9.47b + L.T.Debt 1.58b))
RoIC = 26.04% (NOPAT 2.21b / Invested Capital 8.48b)
WACC = 8.20% (E(25.4b)/V(28.2b) * Re(8.65%) + D(2.79b)/V(28.2b) * Rd(4.76%) * (1-Tc(0.15)))
Discount Rate = 8.65% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -17.41 | Cagr: 0.0%
[DCF] Terminal Value 77.97% ; FCFF base≈1.14b ; Y1≈1.30b ; Y5≈1.92b
[DCF] Fair Price = 10.96 (EV 28.8b - Net Debt 626.6m = Equity 28.2b / Shares 2.57b; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 81.88 | EPS CAGR: 9.72% | SUE: 0.94 | # QB: 1
Revenue Correlation: -60.24 | Revenue CAGR: -2.70% | SUE: 0.01 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.07 | Chg30d=+1.10% | Revisions=-17% | Analysts=6
EPS current Year (2026-12-31): EPS=0.31 | Chg30d=-0.80% | Revisions=-12% | GrowthEPS=-23.6% | GrowthRev=-23.7%
EPS next Year (2027-12-31): EPS=0.34 | Chg30d=+0.21% | Revisions=+12% | GrowthEPS=+8.5% | GrowthRev=+15.8%
[Analyst] Revisions Ratio: -6% (up=6, down=7)