HEXA-B Stock Analysis: Hexagon (publ) | ST
Scientific & Technical Instruments | ST, Sweden | Market Cap: 269.646m SEK | 12M Return: 13.2% | SE0015961909 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 317M
EPS Trend: 81.9%
Qual. Beats: 1
Rev. Trend: -60.2%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 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. Founded in 1975 and headquartered in Stockholm, the company operates through four business segments: Manufacturing Intelligence, Geosystems, Autonomous Solutions, and Octave.
Its product portfolio spans autonomy and perception systems, GNSS positioning and anti-jam technology, airborne and mobile mapping, laser scanning, geospatial content platforms, and a broad range of metrology hardware and software including coordinate measuring machines, CAD/CAM, CAE, and quality assurance solutions. The company also delivers asset lifecycle information management, engineering and schematics software, OT/ICS cybersecurity, and digital reality platforms, alongside mining-specific services covering drill and blast, load and haul, survey, processing, and autonomous operations.
Hexagon serves customers across agriculture, geospatial, industrial asset lifecycle, manufacturing, mining, positioning, safety, security, and surveillance industries. Listed on the Stockholm Stock Exchange under ticker HEXA-B, the company is classified within the Electronic Equipment & Instruments sub-industry and operates as a diversified B2B enterprise software, hardware, and services provider, generating revenue from equipment sales, recurring software subscriptions, and long-term service contracts.
- Geosystems separation plan reshapes portfolio and capital allocation
- Manufacturing Intelligence revenue tracks global industrial capex cycle
- Software and recurring revenue mix expands operating margins
| 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 (3.34b): 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 September 07, 2026, the stock is trading at SEK 96.32 with a total of 3,711,147 shares traded. Over the past week, the price has changed by -4.11%, over one month by -0.99%, over three months by +10.31% and over the past year by +13.16%.
Current recommended Stop Loss: 91.30 (which is 5.2% or 2.4 ATR below the current price).
Hexagon (publ) has no consensus analysts rating.
Market Cap EUR = 24.3b (270b SEK * 0.0902 SEK.EUR)
P/E Trailing = 11.48
P/E Forward = 45.8716
P/S = 49.3215
P/B = 4.3831
P/EG = 1.2548
Revenue TTM = 4.76b EUR
EBIT TTM = 2.60b EUR
EBITDA TTM = 3.34b 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 = 24.9b EUR (24.3b + Debt 2.79b - CCE 2.16b)
Interest Coverage Ratio = 19.59 (Ebit TTM 2.60b / Interest Expense TTM 132.6m)
EV/FCF = 20.48x (Enterprise Value 24.9b / FCF TTM 1.22b)
FCF Yield = 4.88% (FCF TTM 1.22b / Enterprise Value 24.9b)
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 = 2.42 (Enterprise Value 24.9b / 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 3.34b)
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 = 8.55% (E(24.3b)/V(27.1b) * Re(9.07%) + D(2.79b)/V(27.1b) * Rd(4.76%) * (1-Tc(0.15)))
Discount Rate = 9.07% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -17.41 | Cagr: 0.0%
[DCF] Terminal Value 77.31% ; FCFF base≈1.14b ; Y1≈1.30b ; Y5≈1.92b
[DCF] Fair Price = 10.57 (EV 27.8b - Net Debt 626.6m = Equity 27.2b / Shares 2.57b; r=8.55% [WACC]; 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=-0.95% | Revisions=-17% | Analysts=6
EPS current Year (2026-12-31): EPS=0.31 | Chg30d=-2.34% | Revisions=+40% | GrowthEPS=-24.1% | GrowthRev=-23.6%
EPS next Year (2027-12-31): EPS=0.34 | Chg30d=-2.56% | Revisions=+36% | GrowthEPS=+8.6% | GrowthRev=+14.1%
[Analyst] Revisions Ratio: +34% (up=18, down=8)