How does 0EOF's PS Ratio compare to its peers?

0EOF is good value based on its Price-To-Sales Ratio (1.8x) compared to the peer average (2.4x).

How does 0EOF's PS Ratio compare vs other companies in the GB Machinery Industry?

0EOF is expensive based on its Price-To-Sales Ratio (1.8x) compared to the UK Machinery industry average (1.8x).

What is 0EOF's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0EOF is good value based on its Price-To-Sales Ratio (1.8x) compared to the estimated Fair Price-To-Sales Ratio (1.9x).

What is the Fair Price of 0EOF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

0EOF (NOK45.9) is trading below our estimate of [[fair value]] (NOK213.87)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

Hexagon Composites (LSE:0EOF) - Stock Price, News & Analysis

0EOF Stock Overview

Engages in the manufacture and sale of composite pressure cylinders and fuel systems for alternative fuels worldwide. More details

0EOF fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	4/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Rewards

Trading at 78.5% below our estimate of its fair value

Earnings are forecast to grow 81.28% per year

Risk Analysis

Shareholders have been diluted in the past year

Volatile share price over the past 3 months compared to the UK market

Significant insider selling over the past 3 months

Hexagon Composites ASA Competitors

Judges Scientific

AIM:JDG

UK£680.7m

Morgan Advanced Materials

LSE:MGAM

UK£727.2m

Goodwin

LSE:GDWN

UK£522.7m

Bodycote

LSE:BOY

UK£1.1b

Price History & Performance

Summary of all time highs, changes and price drops for Hexagon Composites
Historical stock prices
Current Share Price	NOK 45.90
52 Week High	NOK 48.70
52 Week Low	NOK 16.46
Beta	1.41
11 Month Change	15.04%
3 Month Change	19.38%
1 Year Change	75.80%
33 Year Change	14.69%
5 Year Change	38.51%
Change since IPO	533.10%

Recent updates

Shareholder Returns

	0EOF	GB Machinery	GB Market
7D	-2.2%	-0.3%	-0.1%
1Y	75.8%	-1.8%	5.5%

Return vs Industry: 0EOF exceeded the UK Machinery industry which returned 0% over the past year.

Return vs Market: 0EOF exceeded the UK Market which returned 6.9% over the past year.

Price Volatility

Is 0EOF's price volatile compared to industry and market?
0EOF volatility
0EOF Average Weekly Movement	8.1%
Machinery Industry Average Movement	4.4%
Market Average Movement	4.6%
10% most volatile stocks in GB Market	10.2%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: 0EOF's share price has been volatile over the past 3 months compared to the UK market.

Volatility Over Time: 0EOF's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of UK stocks.

About the Company

Founded	Employees	CEO	Website
1985	1,153	Jon Engeset	www.hexagongroup.com

Hexagon Composites ASA, together with its subsidiaries, engages in the manufacture and sale of composite pressure cylinders and fuel systems for alternative fuels worldwide. The company operates through Hexagon Agility, Hexagon Ragasco, and Hexagon Digital Wave segments. The Hexagon Agility segment provides clean fuel solutions for commercial vehicles, passenger vehicles, and gaseous energy transportation; and gas distribution solutions.

Hexagon Composites ASA Fundamentals Summary

How do Hexagon Composites's earnings and revenue compare to its market cap?
0EOF fundamental statistics
Market cap	NOK 9.59b
Earnings (TTM)	-NOK 1.01b
Revenue (TTM)	NOK 5.27b

1.8x

P/S Ratio

-9.5x

P/E Ratio

Is 0EOF overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
0EOF income statement (TTM)
Revenue	NOK 5.27b
Cost of Revenue	NOK 2.67b
Gross Profit	NOK 2.60b
Other Expenses	NOK 3.61b
Earnings	-NOK 1.01b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 13, 2025

Earnings per share (EPS)	-4.81
Gross Margin	49.31%
Net Profit Margin	-19.10%
Debt/Equity Ratio	26.8%

How did 0EOF perform over the long term?

See historical performance and comparison

0EOF Stock Overview

Rewards

Risk Analysis

Hexagon Composites ASA Competitors

AIM:JDG

UK£680.7m

LSE:MGAM

UK£727.2m

LSE:GDWN

UK£522.7m

LSE:BOY

UK£1.1b

Price History & Performance

Recent News & Updates

Chief Financial Officer recently sold kr3.0m worth of stock

Third quarter 2024 earnings released: EPS: kr0.01 (vs kr0.79 loss in 3Q 2023)

Now 22% overvalued after recent price rise

Now 21% overvalued after recent price rise

New minor risk - Shareholder dilution

Chief Financial Officer recently sold kr1.0m worth of stock

Recent updates

Chief Financial Officer recently sold kr3.0m worth of stock

Third quarter 2024 earnings released: EPS: kr0.01 (vs kr0.79 loss in 3Q 2023)

Now 22% overvalued after recent price rise

Now 21% overvalued after recent price rise

New minor risk - Shareholder dilution

Chief Financial Officer recently sold kr1.0m worth of stock

Second quarter 2024 earnings released: EPS: kr2.95 (vs kr0.46 in 2Q 2023)

Now 23% undervalued

Worthington Enterprises, Inc. (NYSE:WOR) completed the acquisition of Hexagon Ragasco AS from Hexagon Composites ASA (OB:HEX).

Hexagon Composites ASA (OB:HEX) acquired 49% stake in Sustainable Energy Solutions business segment of Worthington Enterprises for approximately €9.2 million.

New major risk - Financial position

First quarter 2024 earnings released: kr0.79 loss per share (vs kr0.14 profit in 1Q 2023)

Hexagon Composites Announces Resignation of Jon Erik Engeset as Chief Executive Officer

Hexagon Composites Announces Resignation of Jon Erik Engeset as Chief Executive Officer

Full year 2023 earnings released: EPS: kr5.66 (vs kr1.55 loss in FY 2022)

Hexagon Composites ASA to Report First Half, 2024 Results on Aug 15, 2024

New major risk - Revenue and earnings growth

Now 20% undervalued after recent price drop

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: EPS: kr11.20 (vs kr0.57 loss in 2Q 2022)

New minor risk - Share price stability

First quarter 2023 earnings released: kr0.85 loss per share (vs kr0.56 loss in 1Q 2022)

Hexagon Launches Hexagon Agility Fleetcare, an Extended Aftermarket Offering At ACT Expo

Group President & CEO recently sold kr875k worth of stock

Forecast to breakeven in 2025

Full year 2022 earnings released: kr2.12 loss per share (vs kr1.19 loss in FY 2021)

Hans Peter Havdal Joins Hexagon Composites ASA as Chief Operating Officer and Resigns Post as Board Member

Less than half of directors are independent

Third quarter 2022 earnings released: kr0.40 loss per share (vs kr0.28 loss in 3Q 2021)

Hexagon Composites ASA to Report Q4, 2023 Results on Feb 15, 2024

Hexagon Composites Asa Revises Full Year Guidance 2022

Second quarter 2022 earnings released: kr0.57 loss per share (vs kr0.36 loss in 2Q 2021)

Hexagon Composites ASA (OB:HEX) and Hexagon Purus ASA (OB:HPUR) completed the acquisition of 40% stake in Liquid (Renewable) Natural Gas (LNG) and Liquid Hydrogen (LH2) Business from Cryoshelter Gmbh.

President of Hexagon Ragasco recently sold kr570k worth of stock

First quarter 2022 earnings released: kr0.56 loss per share (vs kr0.47 loss in 1Q 2021)

Hexagon Composites Maintains Earnings Guidance for the Full Yarer 2022

Less than half of directors are independent

Hexagon Composites ASA (OB:HEX) and Hexagon Purus ASA (OB:HPUR) signed an agreement to acquire a 40% stake in Liquid (Renewable) Natural Gas (LNG) and Liquid Hydrogen (LH2) Business from Cryoshelter Gmbh for €6 million.

Hexagon Composites ASA (OB:HEX) and Hexagon Purus ASA (OB:HPUR) signed an agreement to acquire a 40% stake in Liquid (Renewable) Natural Gas (LNG) and Liquid Hydrogen (LH2) Business from Cryoshelter Gmbh for €6 million.

Full year 2021 earnings released: kr1.19 loss per share (vs kr0.74 loss in FY 2020)

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Chairman recently sold kr62m worth of stock

Second quarter 2021 earnings released: kr0.59 loss per share (vs kr0.41 loss in 2Q 2020)

First quarter 2021 earnings released

Full year 2020 earnings released: kr0.74 loss per share (vs kr0.62 profit in FY 2019)

Hexagon Composites ASA, Annual General Meeting, Apr 28, 2022

New 90-day low: kr48.48

Hexagon Agility Receives Additional Order from Major Global Logistics Customer for CNG Trucks

Full year 2020 earnings released: kr0.80 loss per share (vs kr0.62 profit in FY 2019)

Revenue misses expectations

Hexagon Composites ASA to Report Q4, 2020 Results on Feb 17, 2021

New 90-day high: kr59.95

New 90-day high: kr59.68

Hexagon Composites ASA to Report Q3, 2021 Results on Nov 04, 2021

Hexagon Composites ASA to Transfer CNG LDV to Its G-Mobility Business – Establishing Hexagon Purus as A Pure E-Mobility Business

First half earnings released

Shareholder Returns

Price Volatility

About the Company