HEXA-B Stock Analysis: Hexagon (publ) | ST
Scientific & Technical Instruments | ST, Sweden | Market Cap: 216.629m SEK | 12M Return: -22.2% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 264M
EPS Trend: 33.4%
Qual. Beats: -2
Rev. Trend: -34.3%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 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: 2.04b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 1.08 > 1.0 |
| NWC/Revenue: 156.8% < 20% (prev -10.83%; Δ 167.6% < -1%) |
| CFO/TA 0.09 > 3% & CFO 1.63b > Net Income 2.04b |
| Net Debt (1.41b) to EBITDA (3.36b): 0.42 < 3 |
| Current Ratio: 3.44 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.71b) vs 12m ago 0.0% < -2% |
| Gross Margin: 65.34% > 18% (prev 67.02%; Δ -1.68% > 0.5%) |
| Asset Turnover: 28.42% > 50% (prev 30.54%; Δ -2.12% > 0%) |
| Interest Coverage Ratio: 17.92 > 6 (EBIT TTM 2.58b / Interest Expense TTM 143.8m) |
| A: 0.44 (Total Current Assets 11.2b - Total Current Liabilities 3.26b) / Total Assets 18.0b |
| B: 0.39 (Retained Earnings 7.02b / Total Assets 18.0b) |
| C: 0.14 (EBIT TTM 2.58b / Avg Total Assets 17.9b) |
| D: 2.03 (Book Value of Equity 12.0b / Total Liabilities 5.93b) |
| Altman-Z'' = 7.27 = AAA |
| DSRI: 0.70 (Receivables 1.09b/1.67b, Revenue 5.08b/5.42b) |
| GMI: 1.03 (GM 67.02% / 65.34%) |
| AQI: 0.43 (AQ_t 0.34 / AQ_t-1 0.80) |
| SGI: 0.94 (Revenue 5.08b / 5.42b) |
| TATA: 0.02 (NI 2.04b - CFO 1.63b) / TA 18.0b) |
| Beneish M = -3.63 (Cap -4..+1) = AAA |
As of July 22, 2026, the stock is trading at SEK 79.10 with a total of 2,364,921 shares traded. Over the past week, the price has changed by -0.73%, over one month by -3.56%, over three months by -21.43% and over the past year by -22.16%.
Current recommended Stop Loss: 76.10 (which is 3.8% or 1.3 ATR below the current price).
Hexagon (publ) has no consensus analysts rating.
Market Cap EUR = 19.6b (217b SEK * 0.0904 SEK.EUR)
P/E Trailing = 9.5957
P/E Forward = 23.9234
P/S = 39.8796
P/B = 1.6019
P/EG = 0.6816
Revenue TTM = 5.08b EUR
EBIT TTM = 2.58b EUR
EBITDA TTM = 3.36b EUR
Long Term Debt = 2.16b EUR (from longTermDebt, last quarter)
Short Term Debt = 1.00b EUR (from shortTermDebt, last quarter)
Debt = 3.39b EUR (from shortLongTermDebtTotal, last quarter) + Leases 132.1m
Net Debt = 1.41b EUR (calculated: Debt 3.39b - CCE 1.98b)
Enterprise Value = 21.0b EUR (19.6b + Debt 3.39b - CCE 1.98b)
Interest Coverage Ratio = 17.92 (Ebit TTM 2.58b / Interest Expense TTM 143.8m)
EV/FCF = 17.53x (Enterprise Value 21.0b / FCF TTM 1.20b)
FCF Yield = 5.71% (FCF TTM 1.20b / Enterprise Value 21.0b)
FCF Margin = 23.57% (FCF TTM 1.20b / Revenue TTM 5.08b)
Net Margin = 40.07% (Net Income TTM 2.04b / Revenue TTM 5.08b)
Gross Margin = 65.34% ((Revenue TTM 5.08b - Cost of Revenue TTM 1.76b) / Revenue TTM)
Gross Margin QoQ = 62.85% (prev 66.19%)
Tobins Q-Ratio = 1.17 (Enterprise Value 21.0b / Total Assets 18.0b)
Interest Expense / Debt = 4.25% (Interest Expense 143.8m / Debt 3.39b)
Taxrate = 14.83% (349.3m / 2.36b)
NOPAT = 2.20b (EBIT 2.58b * (1 - 14.83%))
Current Ratio = 3.44 (Total Current Assets 11.2b / Total Current Liabilities 3.26b)
Debt / Equity = 0.28 (Debt 3.39b / totalStockholderEquity, last quarter 12.0b)
Debt / EBITDA = 0.42 (Net Debt 1.41b / EBITDA 3.36b)
Debt / FCF = 1.18 (Net Debt 1.41b / FCF TTM 1.20b)
Total Stockholder Equity = 10.6b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.39% (Net Income 2.04b / Total Assets 18.0b)
RoE = 19.26% (Net Income TTM 2.04b / Total Stockholder Equity 10.6b)
RoCE = 20.24% (EBIT 2.58b / Capital Employed (Equity 10.6b + L.T.Debt 2.16b))
RoIC = 14.18% (NOPAT 2.20b / Invested Capital 15.5b)
WACC = 8.70% (E(19.6b)/V(23.0b) * Re(9.58%) + D(3.39b)/V(23.0b) * Rd(4.25%) * (1-Tc(0.15)))
Discount Rate = 9.58% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -29.01 | Cagr: 0.0%
[DCF] Terminal Value 76.84% ; FCFF base≈1.11b ; Y1≈1.28b ; Y5≈1.88b
[DCF] Fair Price = 9.81 (EV 26.7b - Net Debt 1.41b = Equity 25.2b / Shares 2.57b; r=8.70% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 33.37 | EPS CAGR: 3.21% | SUE: -3.08 | # QB: -2
Revenue Correlation: -34.25 | Revenue CAGR: -0.74% | SUE: -0.04 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.07 | Chg30d=-0.27% | Revisions=+25% | Analysts=5
EPS next Quarter (2026-09-30): EPS=0.07 | Chg30d=-5.08% | Revisions=-25% | Analysts=5
EPS current Year (2026-12-31): EPS=0.32 | Chg30d=-3.73% | Revisions=-57% | GrowthEPS=-22.1% | GrowthRev=-25.8%
EPS next Year (2027-12-31): EPS=0.34 | Chg30d=-4.39% | Revisions=-50% | GrowthEPS=+8.4% | GrowthRev=+11.0%
[Analyst] Revisions Ratio: -58% (up=1, down=8)