Financials Hexagon AB

Equities

HEXA B

SE0015961909

Electronic Equipment & Parts

Market Closed - Nasdaq Stockholm Other stock markets 12:00:00 2025-06-13 pm EDT			5-day change	1st Jan Change
92.24 ^SEK	-3.41%		-5.30%	-12.65%

Jun. 04	Deutsche Bank lowers its target price for Hexagon to SEK 105 (120), reiterates hold	FW
Jun. 04	Trimble, Inc. : A system that renews itself

Projected Income Statement: Hexagon AB

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	3,764	4,341	5,160	5,435	5,401	5,483	5,871	6,255
Change	-	15.32%	18.88%	5.32%	-0.63%	1.51%	7.09%	6.54%
EBITDA ¹	1,412	1,654	1,877	2,027	2,068	2,019	2,210	2,395
Change	-	17.18%	13.48%	7.96%	2.04%	-2.37%	9.45%	8.38%
EBIT ¹	956.2	1,270	1,518	1,597	1,603	1,564	1,739	1,873
Change	-	32.78%	19.55%	5.2%	0.39%	-2.41%	11.19%	7.67%
Interest Paid ¹	-27.4	-26.2	-38.7	-155.3	-170.1	-145.8	-140.6	-126.7
Earnings before Tax (EBT) ¹	759.6	983.6	1,248	1,061	1,262	1,204	1,402	1,587
Change	-	29.49%	26.88%	-15.01%	18.99%	-4.6%	16.47%	13.18%
Net income ¹	618.1	801.6	1,008	858.9	1,023	999.9	1,170	1,326
Change	-	29.69%	25.7%	-14.76%	19.15%	-2.3%	17.04%	13.31%
Announcement Date	2/3/21	2/2/22	1/24/23	2/1/24	1/31/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	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	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	896.6	939.9	1,038	977.9	1,076	1,077	1,210	1,163	1,282	1,320	1,402	1,287	1,365	1,352	1,435	1,300	1,353	1,300	1,448	1,323	1,336	1,328	1,473	1,441	1,474	-	-
Change	-	4.83%	10.44%	-5.79%	9.99%	0.15%	12.37%	-3.88%	10.22%	2.96%	6.19%	-8.22%	6.09%	-0.95%	6.15%	-9.43%	4.12%	-3.96%	11.4%	-8.65%	1.01%	-0.57%	10.85%	-2.14%	2.29%	-	-
EBITDA ¹	362.6	347.2	414.6	366.7	402.8	413.4	471.2	416.2	465.9	473.7	521.3	462.2	489.3	491.5	583.6	483.6	507.9	489.5	587	463.8	493.3	500.7	582.5	521	579	-	-
Change	-	-4.25%	19.41%	-11.55%	9.84%	2.63%	13.98%	-11.67%	11.94%	1.67%	10.05%	-11.34%	5.86%	0.45%	18.74%	-17.14%	5.02%	-3.62%	19.92%	-20.99%	6.35%	1.51%	16.34%	-10.56%	11.13%	-	-
EBIT ¹	226.5	250.1	287.2	257.9	301.1	296.8	373.1	335.1	378.5	386.2	418	371.2	394.1	393	438.4	376.5	399.5	376.6	450.3	344.7	374.7	379.5	451.9	399	453	-	-
Change	-	10.42%	14.83%	-10.2%	16.75%	-1.43%	25.71%	-10.18%	12.95%	2.03%	8.23%	-11.2%	6.17%	-0.28%	11.55%	-14.12%	6.11%	-5.73%	19.57%	-23.45%	8.69%	1.29%	19.09%	-11.71%	13.53%	-	-
Charge d'intérêts ¹	-6.4	-7.9	-7.3	-7.6	-6.8	-6.3	-5.5	-5.8	-5.6	-8.9	-18.4	-26.8	-36.2	-43	-49.3	-42.7	-42.1	-44.2	-41.1	-33.3	-38.62	-39.88	-40.92	-35	-35	-	-
Earnings before Tax (EBT) ¹	85.1	242.2	245.7	245.5	289.4	281.1	167.6	230.1	329	333.5	355.4	301.6	314	103.8	341.3	293.2	318.4	290.2	360.3	233.9	288.3	288.5	368.4	310.5	361	341.6	440
Change	-	184.61%	1.45%	-0.08%	17.88%	-2.87%	-40.38%	37.29%	42.98%	1.37%	6.57%	-15.14%	4.11%	-66.94%	228.81%	-14.09%	8.59%	-8.86%	24.16%	-35.08%	23.28%	0.07%	27.67%	-15.72%	16.28%	-5.37%	28.79%
Net income ¹	68.8	196.6	200.4	199.7	235.2	228.4	138.3	181.8	266.7	270.2	288.9	244.4	253.7	83.6	277.2	237.8	258	235.2	292.4	189.1	233.2	235.3	300.7	255.2	297.1	280.1	360.8
Change	-	185.76%	1.93%	-0.35%	17.78%	-2.89%	-39.45%	31.45%	46.7%	1.31%	6.92%	-15.4%	3.81%	-67.05%	231.58%	-14.21%	8.49%	-8.84%	24.32%	-35.33%	23.3%	0.91%	27.82%	-15.15%	16.41%	-5.7%	28.79%
Announcement Date	7/24/20	10/28/20	2/3/21	4/29/21	7/27/21	10/28/21	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	7/26/24	10/25/24	1/31/25	4/30/25	-	-	-	-	-	-	-

¹EUR in Million

Estimates

Forecast Balance Sheet: Hexagon AB

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	2,376	2,541	3,442	3,593	3,231	3,105	2,505	1,924
Change	-	6.94%	35.46%	4.39%	-10.08%	-3.9%	-19.32%	-23.19%
Announcement Date	2/3/21	2/2/22	1/24/23	2/1/24	1/31/25	-	-	-

¹EUR in Million

Estimates

Cash Flow Forecast: Hexagon AB

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	383.3	419.4	552.7	598.3	622.4	614.1	628.5	640.7
Change	-	9.42%	31.78%	8.25%	4.03%	-1.33%	2.34%	1.95%
Free Cash Flow (FCF) ¹	991.2	932	820	853.6	1,055	988	1,172	1,301
Change	-	-5.97%	-12.02%	4.1%	23.63%	-6.38%	18.65%	11.01%
Announcement Date	2/3/21	2/2/22	1/24/23	2/1/24	1/31/25	-	-	-

¹EUR in Million

Estimates

Forecast Financial Ratios: Hexagon AB

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	37.5%	38.1%	36.37%	37.29%	38.29%	36.82%	37.64%	38.29%
EBIT Margin (%)	25.4%	29.25%	29.41%	29.38%	29.68%	28.53%	29.62%	29.94%
EBT Margin (%)	20.18%	22.66%	24.18%	19.52%	23.37%	21.96%	23.88%	25.37%
Net margin (%)	16.42%	18.47%	19.53%	15.8%	18.95%	18.24%	19.93%	21.2%
FCF margin (%)	26.33%	21.47%	15.89%	15.71%	19.54%	18.02%	19.97%	20.8%
FCF / Net Income (%)	160.36%	116.27%	81.38%	99.38%	103.12%	98.81%	100.17%	98.14%
Profitability
ROA	5.8%	6.46%	6.59%	5.15%	5.89%	5.63%	6.34%	7.11%
ROE	10.1%	11.6%	10.5%	8.6%	9.8%	9.17%	10.32%	11.19%
Financial Health
Leverage (Debt/EBITDA)	1.68x	1.54x	1.83x	1.77x	1.56x	1.54x	1.13x	0.8x
Debt / Free cash flow	2.4x	2.73x	4.2x	4.21x	3.06x	3.14x	2.14x	1.48x
Capital Intensity
CAPEX / Current Assets (%)	10.18%	9.66%	10.71%	11.01%	11.52%	11.2%	10.7%	10.24%
CAPEX / EBITDA (%)	27.15%	25.36%	29.44%	29.52%	30.1%	30.42%	28.44%	26.75%
CAPEX / FCF (%)	38.67%	45%	67.4%	70.09%	58.98%	62.16%	53.61%	49.23%
Items per share
Cash flow per share ¹	0.5343	0.5186	0.5072	0.54	0.625	0.5939	0.6435	0.6915
Change	-	-2.94%	-2.2%	6.47%	15.74%	-4.97%	8.34%	7.46%
Dividend per Share ¹	0.0929	0.11	0.12	0.13	0.14	0.14	0.1509	0.1684
Change	-	18.46%	9.09%	8.33%	7.69%	-0.02%	7.82%	11.61%
Book Value Per Share ¹	2.311	3.24	3.65	3.73	4.16	4.216	4.443	4.601
Change	-	40.17%	12.65%	2.19%	11.53%	1.36%	5.37%	3.56%
EPS ¹	0.24	0.308	0.372	0.317	0.378	0.3714	0.4326	0.4907
Change	-	28.33%	20.78%	-14.78%	19.24%	-1.76%	16.48%	13.45%
Nbr of stocks (in thousands)	2,572,856	2,698,128	2,690,928	2,684,378	2,684,378	2,684,378	2,684,378	2,684,378
Announcement Date	2/3/21	2/2/22	1/24/23	2/1/24	1/31/25	-	-	-