HEXAGON COMPOSITES ASA (HEX.OL) Stock Fundamental Analysis
OSL:HEX - Euronext Oslo - NO0003067902 - Common Stock - Currency: NOK
Overall HEX gets a fundamental rating of 3 out of 10. We evaluated HEX against 103 industry peers in the Machinery industry. HEX may be in some trouble as it scores bad on both profitability and health. HEX is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year HEX was profitable.
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
HEX has a worse Return On Assets (-3.01%) than 73.79% of its industry peers.
HEX's Return On Equity of -5.98% is on the low side compared to the rest of the industry. HEX is outperformed by 72.82% of its industry peers.
The Return On Invested Capital of HEX (4.94%) is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for HEX is significantly below the industry average of 8.60%.
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 has a Operating Margin of 7.52%. This is in the better half of the industry: HEX outperforms 64.08% 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 66.02% 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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so HEX is destroying value.
HEX has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, HEX has more shares outstanding
HEX has a worse debt/assets ratio than last year.
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.
HEX has a Debt to Equity ratio of 0.46. This is comparable to the rest of the industry: HEX outperforms 45.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACC0.61
WACC8.12%
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.
The Current ratio of HEX (1.93) is better than 69.90% of its industry peers.
A Quick Ratio of 0.99 indicates that HEX may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.99, HEX is in line with its industry, outperforming 50.49% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.93 | ||
| Quick Ratio | 0.99 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 553.96% over the past year.
Measured over the past years, HEX shows a very strong growth in Earnings Per Share. The EPS has been growing by 62.47% on average per year.
HEX shows a decrease in Revenue. In the last year, the revenue decreased by -3.23%.
The Revenue has been growing by 28.37% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)553.96%
EPS 3YN/A
EPS 5Y62.47%
EPS Q2Q%-723.08%
Revenue 1Y (TTM)-3.23%
Revenue growth 3Y18.92%
Revenue growth 5Y28.37%
Sales Q2Q%6.69%
3.2 Future
Based on estimates for the next years, HEX will show a very negative growth in Earnings Per Share. The EPS will decrease by -27.11% on average per year.
HEX is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.30% yearly.
EPS Next Y-87.41%
EPS Next 2Y-76.3%
EPS Next 3Y-43.62%
EPS Next 5Y-27.11%
Revenue Next Year-4.86%
Revenue Next 2Y0.07%
Revenue Next 3Y7.28%
Revenue Next 5Y9.3%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 2.14, the valuation of HEX can be described as very cheap.
HEX's Price/Earnings ratio is rather cheap when compared to the industry. HEX is cheaper than 99.03% of the companies in the same industry.
HEX's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.79.
The Price/Forward Earnings ratio is 38.09, which means the current valuation is very expensive for HEX.
Compared to the rest of the industry, the Price/Forward Earnings ratio of HEX indicates a slightly more expensive valuation: HEX is more expensive than 69.90% of the companies listed in the same industry.
HEX is valuated expensively when we compare the Price/Forward Earnings ratio to 21.38, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.14 | ||
| Fwd PE | 38.09 |
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 | 8.27 |
4.3 Compensation for Growth
A cheap valuation may be justified as HEX's earnings are expected to decrease with -43.62% in the coming years.
PEG (NY)N/A
PEG (5Y)0.03
EPS Next 2Y-76.3%
EPS Next 3Y-43.62%
5. Dividend
5.1 Amount
No dividends for HEX!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
OSL:HEX (4/25/2025, 7:00:00 PM)
19.62
-0.26 (-1.31%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners20.05%
Inst Owner ChangeN/A
Ins Owners0.33%
Ins Owner ChangeN/A
Market Cap4.12B
Analysts84
Price Target46.1 (134.96%)
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)0.65%
Min Revenue beat(2)-5.31%
Max Revenue beat(2)6.6%
Revenue beat(4)1
Avg Revenue beat(4)-1.19%
Min Revenue beat(4)-5.63%
Max Revenue beat(4)6.6%
Revenue beat(8)3
Avg Revenue beat(8)-0.83%
Revenue beat(12)7
Avg Revenue beat(12)2.96%
Revenue beat(16)8
Avg Revenue beat(16)1.18%
PT rev (1m)-5.04%
PT rev (3m)-23.39%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-51.89%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.02%
Revenue NY rev (3m)-14.98%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.14 | ||
| Fwd PE | 38.09 | ||
| P/S | 0.82 | ||
| P/FCF | N/A | ||
| P/OCF | 35.29 | ||
| P/B | 1.15 | ||
| P/tB | 2.47 | ||
| EV/EBITDA | 8.27 |
EPS(TTM)9.17
EY46.74%
EPS(NY)0.52
Fwd EY2.63%
FCF(TTM)-0.79
FCFYN/A
OCF(TTM)0.56
OCFY2.83%
SpS23.87
BVpS17.12
TBVpS7.95
PEG (NY)N/A
PEG (5Y)0.03
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
WACC8.12%
ROIC/WACC0.61
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)553.96%
EPS 3YN/A
EPS 5Y62.47%
EPS Q2Q%-723.08%
EPS Next Y-87.41%
EPS Next 2Y-76.3%
EPS Next 3Y-43.62%
EPS Next 5Y-27.11%
Revenue 1Y (TTM)-3.23%
Revenue growth 3Y18.92%
Revenue growth 5Y28.37%
Sales Q2Q%6.69%
Revenue Next Year-4.86%
Revenue Next 2Y0.07%
Revenue Next 3Y7.28%
Revenue Next 5Y9.3%
EBIT growth 1Y70.52%
EBIT growth 3YN/A
EBIT growth 5Y48.95%
EBIT Next Year113.25%
EBIT Next 3Y50.59%
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%