Financials Hexagon AB

Equities

HEXA B

SE0015961909

Electronic Equipment & Parts

Market Closed - Nasdaq Stockholm 06:59:40 2024-04-30 am EDT 5-day change 1st Jan Change
116.8 SEK -3.11% Intraday chart for Hexagon AB -3.15% -3.47%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 18,433 27,340 37,878 26,328 29,160 27,624 - -
Enterprise Value (EV) 1 20,549 29,716 40,418 29,769 32,754 30,429 29,791 28,727
P/E ratio 26.1 x 44.3 x 45.6 x 26.3 x 34.3 x 24.7 x 21.6 x 19.5 x
Yield 1.24% 0.87% 0.78% 1.23% 1.2% 1.37% 1.51% 1.65%
Capitalization / Revenue 4.72 x 7.26 x 8.73 x 5.1 x 5.37 x 4.85 x 4.51 x 4.24 x
EV / Revenue 5.26 x 7.89 x 9.31 x 5.77 x 6.03 x 5.34 x 4.86 x 4.41 x
EV / EBITDA 15.3 x 21.1 x 24.4 x 15.9 x 16.2 x 14.1 x 12.9 x 11.5 x
EV / FCF 29.2 x 30 x 43.4 x 36.3 x 38.4 x 25.7 x 23.4 x 20.4 x
FCF Yield 3.43% 3.34% 2.31% 2.75% 2.61% 3.89% 4.27% 4.9%
Price to Book 3.04 x 4.6 x 4.33 x 2.68 x 2.91 x 2.55 x 2.42 x 2.17 x
Nbr of stocks (in thousands) 2,572,775 2,572,856 2,698,128 2,690,928 2,684,378 2,684,378 - -
Reference price 2 7.165 10.63 14.04 9.784 10.86 10.29 10.29 10.29
Announcement Date 2/5/20 2/3/21 2/2/22 1/24/23 2/1/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,908 3,764 4,341 5,160 5,435 5,694 6,112 6,497
EBITDA 1 1,339 1,412 1,654 1,877 2,027 2,151 2,309 2,496
EBIT 1 972.5 956.2 1,270 1,518 1,597 1,675 1,799 1,946
Operating Margin 24.89% 25.4% 29.25% 29.41% 29.38% 29.41% 29.44% 29.95%
Earnings before Tax (EBT) 1 865.3 759.6 983.6 1,248 1,061 1,376 1,583 1,745
Net income 1 708.6 618.1 801.6 1,008 858.9 1,123 1,290 1,427
Net margin 18.13% 16.42% 18.47% 19.53% 15.8% 19.72% 21.1% 21.97%
EPS 2 0.2743 0.2400 0.3080 0.3720 0.3170 0.4164 0.4756 0.5246
Free Cash Flow 1 704.5 991.2 932 820 853.6 1,173 1,265 1,400
FCF margin 18.03% 26.33% 21.47% 15.89% 15.71% 20.6% 20.71% 21.56%
FCF Conversion (EBITDA) 52.61% 70.22% 56.34% 43.68% 42.12% 54.52% 54.8% 56.11%
FCF Conversion (Net income) 99.42% 160.36% 116.27% 81.38% 99.38% 104.42% 98.13% 98.11%
Dividend per Share 2 0.0886 0.0929 0.1100 0.1200 0.1300 0.1415 0.1552 0.1697
Announcement Date 2/5/20 2/3/21 2/2/22 1/24/23 2/1/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 1,210 1,163 1,282 1,320 1,402 1,287 1,365 1,352 1,435 1,300 1,400 1,410 1,516 1,395 1,493
EBITDA 1 471.2 416.2 465.9 473.7 521.3 462.2 489.3 491.5 583.6 483.6 516.1 533.3 603.5 561 585
EBIT 1 373.1 335.1 378.5 386.2 418 371.2 394.1 393 438.4 376.5 401.6 412.1 493.6 416 448
Operating Margin 30.82% 28.8% 29.52% 29.25% 29.82% 28.85% 28.87% 29.07% 30.54% 28.96% 28.69% 29.23% 32.55% 29.82% 30.01%
Earnings before Tax (EBT) 1 167.6 230.1 329 333.5 355.4 301.6 314 103.8 341.3 293.2 332 345 406 341 378
Net income 1 138.3 181.8 266.7 270.2 288.9 244.4 253.7 83.6 277.2 237.8 270.2 280.2 327 277 307
Net margin 11.43% 15.63% 20.8% 20.47% 20.61% 19% 18.59% 6.18% 19.31% 18.29% 19.3% 19.88% 21.57% 19.86% 20.56%
EPS 2 0.0510 0.0670 0.0990 0.1000 0.1070 0.0900 0.0940 0.0310 0.1020 0.0880 0.1013 0.1047 0.1196 0.1000 0.1100
Dividend per Share 2 0.1100 - - - 0.1200 - - - 0.1300 - 0.0433 - 0.0937 - 0.0750
Announcement Date 2/2/22 4/29/22 7/27/22 10/27/22 1/24/23 4/28/23 7/26/23 10/27/23 2/1/24 4/26/24 - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,116 2,376 2,541 3,442 3,593 2,794 2,163 1,102
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.58 x 1.683 x 1.536 x 1.834 x 1.773 x 1.299 x 0.9368 x 0.4416 x
Free Cash Flow 1 705 991 932 820 854 1,173 1,265 1,400
ROE (net income / shareholders' equity) 12.3% 10.1% 11.6% 10.5% 8.6% 11.1% 11.9% 12.2%
ROA (Net income/ Total Assets) 6.99% 5.8% 6.47% 6.59% 5.15% 6.61% 7.32% 7.48%
Assets 1 10,142 10,652 12,399 15,285 16,680 16,998 17,616 19,080
Book Value Per Share 2 2.360 2.310 3.240 3.650 3.730 4.030 4.230 4.730
Cash Flow per Share 2 0.4300 0.5300 0.5200 0.5100 0.5400 0.6200 0.6500 0.6700
Capex 1 399 383 419 553 598 600 624 654
Capex / Sales 10.21% 10.18% 9.66% 10.71% 11.01% 10.53% 10.2% 10.06%
Announcement Date 2/5/20 2/3/21 2/2/22 1/24/23 2/1/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
18
Last Close Price
10.29 EUR
Average target price
10.49 EUR
Spread / Average Target
+1.98%
Consensus