HEXAGON COMPOSITES ASA(OSL:HEX) stock Fundamental Analysis

Fundamental Rating

HEX gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 104 industry peers in the Machinery industry. HEX has a bad profitability rating. Also its financial health evaluation is rather negative. HEX is valied quite expensively at the moment, while it does show a decent growth rate.

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1. Profitability

1.1 Basic Checks

HEX had negative earnings in the past year.

In the past year HEX had a positive cash flow from operations.

HEX had negative earnings in 4 of the past 5 years.

In multiple years HEX reported negative operating cash flow during the last 5 years.

1.2 Ratios

The Return On Assets of HEX (-3.01%) is worse than 73.08% of its industry peers.

Looking at the Return On Equity, with a value of -5.98%, HEX is doing worse than 70.19% of the companies in the same industry.

With a Return On Invested Capital value of 4.94%, HEX perfoms like the industry average, outperforming 47.12% of the companies in the same industry.

Measured over the past 3 years, the Average Return On Invested Capital for HEX is below the industry average of 8.40%.

The 3 year average ROIC (3.60%) for HEX is below the current ROIC(4.94%), indicating increased profibility in the last year.

		Industry Rank	Sector Rank
ROA	-3.01%
ROE	-5.98%
ROIC	4.94%

ROA(3y)3.93%

ROA(5y)1.18%

ROE(3y)7.04%

ROE(5y)1.81%

ROIC(3y)3.6%

ROIC(5y)N/A

1.3 Margins

HEX's Operating Margin of 7.52% is fine compared to the rest of the industry. HEX outperforms 62.50% of its industry peers.

In the last couple of years the Operating Margin of HEX has grown nicely.

HEX's Gross Margin of 49.27% is fine compared to the rest of the industry. HEX outperforms 68.27% of its industry peers.

HEX's Gross Margin has been stable in the last couple of years.

		Industry Rank	Sector Rank
OM	7.52%
PM (TTM)	N/A
GM	49.27%

OM growth 3YN/A

OM growth 5Y38.72%

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y-1.78%

GM growth 5Y-0.69%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so HEX is destroying value.

Compared to 1 year ago, HEX has more shares outstanding

HEX has more shares outstanding than it did 5 years ago.

Compared to 1 year ago, HEX has a worse debt to assets ratio.

2.2 Solvency

HEX has a Debt/Equity ratio of 0.46. This is a healthy value indicating a solid balance between debt and equity.

The Debt to Equity ratio of HEX (0.46) is comparable to the rest of the industry.

		Industry Rank	Sector Rank
Debt/Equity	0.46
Debt/FCF	N/A
Altman-Z	N/A

ROIC/WACC0.62

WACC8.01%

2.3 Liquidity

HEX has a Current Ratio of 1.93. This is a normal value and indicates that HEX is financially healthy and should not expect problems in meeting its short term obligations.

HEX has a better Current ratio (1.93) than 69.23% of its industry peers.

A Quick Ratio of 0.99 indicates that HEX may have some problems paying its short term obligations.

With a Quick ratio value of 0.99, HEX perfoms like the industry average, outperforming 53.85% of the companies in the same industry.

		Industry Rank	Sector Rank
Current Ratio	1.93
Quick Ratio	0.99

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

The earnings per share for HEX have decreased strongly by -117.34% in the last year.

HEX shows a decrease in Revenue. In the last year, the revenue decreased by -3.23%.

Measured over the past years, HEX shows a small growth in Revenue. The Revenue has been growing by 7.37% on average per year.

EPS 1Y (TTM)-117.34%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%20.08%

Revenue 1Y (TTM)-3.23%

Revenue growth 3Y11.23%

Revenue growth 5Y7.37%

Sales Q2Q%6.65%

3.2 Future

The Earnings Per Share is expected to grow by 30.87% on average over the next years. This is a very strong growth

HEX is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.48% yearly.

EPS Next Y-55.39%

EPS Next 2Y19.31%

EPS Next 3Y30.87%

EPS Next 5YN/A

Revenue Next Year6.33%

Revenue Next 2Y15.08%

Revenue Next 3Y14.48%

Revenue Next 5YN/A

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for HEX. In the last year negative earnings were reported.

Based on the Price/Forward Earnings ratio of 46.88, the valuation of HEX can be described as expensive.

Based on the Price/Forward Earnings ratio, HEX is valued a bit more expensive than the industry average as 74.04% of the companies are valued more cheaply.

HEX's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.10.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	46.88

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HEX is on the same level as its industry peers.

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	9.71

4.3 Compensation for Growth

HEX's earnings are expected to grow with 30.87% in the coming years. This may justify a more expensive valuation.

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2Y19.31%

EPS Next 3Y30.87%

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5. Dividend

5.1 Amount

No dividends for HEX!.

		Industry Rank	Sector Rank
Dividend Yield	N/A

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HEXAGON COMPOSITES ASA

OSL:HEX (3/7/2025, 7:00:00 PM)

24.15

+0.7 (+2.99%)

Chartmill FA Rating

GICS SectorIndustrials

GICS IndustryGroupCapital Goods

GICS IndustryMachinery

Earnings (Last)02-13 2025-02-13/amc

Earnings (Next)05-15 2025-05-15

Inst Owners20.05%

Inst Owner ChangeN/A

Ins Owners0.33%

Ins Owner ChangeN/A

Market Cap5.07B

Analysts84

Price Target48.55 (101.04%)

Short Float %N/A

Short RatioN/A

Dividend

		Industry Rank	Sector Rank
Dividend Yield	N/A

Yearly Dividend0

Dividend Growth(5Y)N/A

DPN/A

Div Incr Years0

Div Non Decr Years0

Ex-DateN/A

Surprises & Revisions

EPS beat(2)N/A

Avg EPS beat(2)N/A

Min EPS beat(2)N/A

Max EPS beat(2)N/A

EPS beat(4)N/A

Avg EPS beat(4)N/A

Min EPS beat(4)N/A

Max EPS beat(4)N/A

EPS beat(8)N/A

Avg EPS beat(8)N/A

EPS beat(12)N/A

Avg EPS beat(12)N/A

EPS beat(16)N/A

Avg EPS beat(16)N/A

Revenue beat(2)1

Avg Revenue beat(2)0.3%

Min Revenue beat(2)-5.31%

Max Revenue beat(2)5.91%

Revenue beat(4)1

Avg Revenue beat(4)-1.36%

Min Revenue beat(4)-5.63%

Max Revenue beat(4)5.91%

Revenue beat(8)3

Avg Revenue beat(8)-0.91%

Revenue beat(12)7

Avg Revenue beat(12)2.91%

Revenue beat(16)8

Avg Revenue beat(16)1.14%

PT rev (1m)-19.32%

PT rev (3m)-19.32%

EPS NQ rev (1m)N/A

EPS NQ rev (3m)N/A

EPS NY rev (1m)-55.46%

EPS NY rev (3m)-51.89%

Revenue NQ rev (1m)N/A

Revenue NQ rev (3m)N/A

Revenue NY rev (1m)-14.1%

Revenue NY rev (3m)-12.98%

Valuation

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	46.88
P/S	1.01
P/FCF	N/A
P/OCF	43.43
P/B	1.41
P/tB	3.04
EV/EBITDA	9.71

EPS(TTM)-1.04

EYN/A

EPS(NY)0.52

Fwd EY2.13%

FCF(TTM)-0.79

FCFYN/A

OCF(TTM)0.56

OCFY2.3%

SpS23.87

BVpS17.12

TBVpS7.95

PEG (NY)N/A

PEG (5Y)N/A

Profitability

		Industry Rank	Sector Rank
ROA	-3.01%
ROE	-5.98%
ROCE	6.42%
ROIC	4.94%
ROICexc	5.33%
ROICexgc	8.25%
OM	7.52%
PM (TTM)	N/A
GM	49.27%
FCFM	N/A

ROA(3y)3.93%

ROA(5y)1.18%

ROE(3y)7.04%

ROE(5y)1.81%

ROIC(3y)3.6%

ROIC(5y)N/A

ROICexc(3y)3.85%

ROICexc(5y)N/A

ROICexgc(3y)6.89%

ROICexgc(5y)N/A

ROCE(3y)4.67%

ROCE(5y)N/A

ROICexcg growth 3YN/A

ROICexcg growth 5Y29.26%

ROICexc growth 3YN/A

ROICexc growth 5Y38.65%

OM growth 3YN/A

OM growth 5Y38.72%

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y-1.78%

GM growth 5Y-0.69%

F-Score4

Asset Turnover0.7

Health

		Industry Rank	Sector Rank
Debt/Equity	0.46
Debt/FCF	N/A
Debt/EBITDA	2.48
Cap/Depr	99.72%
Cap/Sales	5.66%
Interest Coverage	2.59
Cash Conversion	17.66%
Profit Quality	N/A
Current Ratio	1.93
Quick Ratio	0.99
Altman-Z	N/A

F-Score4

WACC8.01%

ROIC/WACC0.62

Cap/Depr(3y)140.82%

Cap/Depr(5y)126.19%

Cap/Sales(3y)9.47%

Cap/Sales(5y)8.87%

Profit Quality(3y)N/A

Profit Quality(5y)N/A

High Growth Momentum

Growth

EPS 1Y (TTM)-117.34%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%20.08%

EPS Next Y-55.39%

EPS Next 2Y19.31%

EPS Next 3Y30.87%

EPS Next 5YN/A

Revenue 1Y (TTM)-3.23%

Revenue growth 3Y11.23%

Revenue growth 5Y7.37%

Sales Q2Q%6.65%

Revenue Next Year6.33%

Revenue Next 2Y15.08%

Revenue Next 3Y14.48%

Revenue Next 5YN/A

EBIT growth 1Y70.52%

EBIT growth 3YN/A

EBIT growth 5Y48.95%

EBIT Next Year182.53%

EBIT Next 3Y59.4%

EBIT Next 5YN/A

FCF growth 1Y84.22%

FCF growth 3YN/A

FCF growth 5YN/A

OCF growth 1Y119.79%

OCF growth 3YN/A

OCF growth 5Y-8.71%

HEXAGON COMPOSITES ASA (HEX.OL) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

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5. Dividend

5.1 Amount

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