HTRO Stock Analysis: Hexatronic | ST
Communication Equipment | ST, Sweden | Market Cap: 9.179m SEK | 12M Return: 107.7% | SE0018040677 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 42.0M
EPS Trend: -91.7%
Qual. Beats: 0
Rev. Trend: 28.4%
Qual. Beats: 1
Warnings
Tailwinds
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.
Hexatronic Group AB (publ) is a Swedish-headquartered designer, manufacturer, and seller of fiber optic communication solutions, operating across Sweden, the United States, Germany, the United Kingdom, and other international markets. Its product portfolio spans passive fiber infrastructure components, including cables, cable assemblies, microducts, joint closures, cabinets, enclosures, distribution frames, splitters, and specialized systems for 5G/wireless and Fibre-to-the-Home (FTTH) deployments. The company was incorporated in 1972 and is based in Gothenburg, Sweden, serving telecom operators, network owners, contractors, and installation companies.
The company sits within the Electrical Components & Equipment sub-industry (GICS Industrials), supplying passive infrastructure that underpins fiber network build-outs. Demand for its products is closely tied to structural telecom capex cycles, particularly FTTH rollouts by operators and municipalities, fiber backhaul requirements for 5G densification, and upgrades to transport and metro networks.
- US BEAD broadband subsidies accelerate fiber network buildout demand
- North America revenue growth outpaces Europe as HTRO scales
- Fiber component margin pressure persists from elevated input costs
| Net Income: 45.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 2.87 > 1.0 |
| NWC/Revenue: 26.76% < 20% (prev 23.31%; Δ 3.45% < -1%) |
| CFO/TA 0.08 > 3% & CFO 714.0m > Net Income 45.0m |
| Net Debt (2.42b) to EBITDA (968.0m): 2.50 < 3 |
| Current Ratio: 2.08 > 1.5 & < 3 |
| Outstanding Shares: last quarter (216.2m) vs 12m ago 5.24% < -2% |
| Gross Margin: 21.81% > 18% (prev 41.78%; Δ -19.97% > 0.5%) |
| Asset Turnover: 88.05% > 50% (prev 88.83%; Δ -0.79% > 0%) |
| Interest Coverage Ratio: 3.91 > 6 (EBIT TTM 414.0m / Interest Expense TTM 106.0m) |
| A: 0.22 (Total Current Assets 4.08b - Total Current Liabilities 1.96b) / Total Assets 9.45b |
| B: 0.30 (Retained Earnings 2.84b / Total Assets 9.45b) |
| C: 0.05 (EBIT TTM 414.0m / Avg Total Assets 9.00b) |
| D: 0.88 (Book Value of Equity 4.41b / Total Liabilities 5.01b) |
| Altman-Z'' = 3.68 = AA |
| DSRI: 1.42 (Receivables 1.90b/1.28b, Revenue 7.92b/7.59b) |
| GMI: 1.92 (GM 41.78% / 21.81%) |
| AQI: 1.08 (AQ_t 0.36 / AQ_t-1 0.33) |
| SGI: 1.04 (Revenue 7.92b / 7.59b) |
| TATA: -0.07 (NI 45.0m - CFO 714.0m) / TA 9.45b) |
| Beneish M = -1.78 (Cap -4..+1) = CCC |
As of September 24, 2026, the stock is trading at SEK 41.80 with a total of 1,173,607 shares traded. Over the past week, the price has changed by +10.06%, over one month by +8.35%, over three months by +3.18% and over the past year by +107.65%.
Current recommended Stop Loss: 37.60 (which is 10% or 2.5 ATR below the current price).
Hexatronic has no consensus analysts rating.
P/E Trailing = 218.1579
P/E Forward = 9.1827
P/S = 1.193
P/B = 1.9892
Revenue TTM = 7.92b SEK
EBIT TTM = 414.0m SEK
EBITDA TTM = 968.0m SEK
Long Term Debt = 2.10b SEK (from longTermDebt, last quarter)
Short Term Debt = 190.0m SEK (from shortTermDebt, last quarter)
Debt = 3.12b SEK (from shortLongTermDebtTotal, last quarter) + Leases 476.0m
Net Debt = 2.42b SEK (calculated: Debt 3.12b - CCE 694.0m)
Enterprise Value = 11.6b SEK (9.18b + Debt 3.12b - CCE 694.0m)
Interest Coverage Ratio = 3.91 (Ebit TTM 414.0m / Interest Expense TTM 106.0m)
EV/FCF = 19.08x (Enterprise Value 11.6b / FCF TTM 608.0m)
FCF Yield = 5.24% (FCF TTM 608.0m / Enterprise Value 11.6b)
FCF Margin = 7.67% (FCF TTM 608.0m / Revenue TTM 7.92b)
Net Margin = 0.57% (Net Income TTM 45.0m / Revenue TTM 7.92b)
Gross Margin = 21.81% ((Revenue TTM 7.92b - Cost of Revenue TTM 6.20b) / Revenue TTM)
Gross Margin QoQ = 38.66% (prev 41.34%)
Tobins Q-Ratio = 1.23 (Enterprise Value 11.6b / Total Assets 9.45b)
Interest Expense / Debt = 3.40% (Interest Expense 106.0m / Debt 3.12b)
Taxrate = 29.19% (54.0m / 185.0m)
NOPAT = 293.2m (EBIT 414.0m * (1 - 29.19%))
Current Ratio = 2.08 (Total Current Assets 4.08b / Total Current Liabilities 1.96b)
Debt / Equity = 0.71 (Debt 3.12b / totalStockholderEquity, last quarter 4.41b)
Debt / EBITDA = 2.50 (Net Debt 2.42b / EBITDA 968.0m)
Debt / FCF = 3.98 (Net Debt 2.42b / FCF TTM 608.0m)
Total Stockholder Equity = 3.76b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.50% (Net Income 45.0m / Total Assets 9.45b)
RoE = 1.20% (Net Income TTM 45.0m / Total Stockholder Equity 3.76b)
RoCE = 7.06% (EBIT 414.0m / Capital Employed (Equity 3.76b + L.T.Debt 2.10b))
RoIC = 4.02% (NOPAT 293.2m / Invested Capital 7.29b)
WACC = 8.46% (E(9.18b)/V(12.3b) * Re(10.51%) + D(3.12b)/V(12.3b) * Rd(3.40%) * (1-Tc(0.29)))
Discount Rate = 10.51% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 66.83 | Cagr: 2.84%
[DCF] Terminal Value 77.62% ; FCFF base≈486.4m ; Y1≈557.6m ; Y5≈820.6m
[DCF] Fair Price = 43.80 (EV 12.1b - Net Debt 2.42b = Equity 9.70b / Shares 221.4m; r=8.46% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -91.72 | EPS CAGR: -33.74% | SUE: 0.45 | # QB: 0
Revenue Correlation: 28.36 | Revenue CAGR: 1.89% | SUE: 2.08 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.65 | Chg30d=+29.00% | Revisions=+25% | Analysts=2
EPS current Year (2026-12-31): EPS=2.27 | Chg30d=+0.00% | Revisions=+40% | GrowthEPS=+64.1% | GrowthRev=+12.3%
EPS next Year (2027-12-31): EPS=2.69 | Chg30d=+0.00% | Revisions=+40% | GrowthEPS=+18.8% | GrowthRev=+10.1%
[Analyst] Revisions Ratio: +62% (up=5, down=0)