Hexagon Composites ASA

LSE:0EOF Stock Report

Market Cap: NOK 9.6b

Hexagon Composites Valuation

Is 0EOF undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: 0EOF (NOK45.9) is trading below our estimate of fair value (NOK213.87)

Significantly Below Fair Value: 0EOF is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0EOF?

Key metric: As 0EOF is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 0EOF. This is calculated by dividing 0EOF's market cap by their current revenue.
What is 0EOF's PS Ratio?
PS Ratio1.8x
SalesNOK 5.27b
Market CapNOK 9.59b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for 0EOF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.6x
JDG Judges Scientific
5x7.5%UK£680.7m
MGAM Morgan Advanced Materials
0.6x2.7%UK£727.2m
GDWN Goodwin
2.7xn/aUK£522.7m
LSC London Security
2xn/aUK£441.4m
0EOF Hexagon Composites
1.8x15.3%NOK 9.6b

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

Price to Sales Ratio vs Industry

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

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
HMSG HMS Hydraulic Machines & Systems Group
0.08x4.0%US$81.11m
HARL Harland & Wolff Group Holdings
0.2xn/aUS$19.39m
SIXH 600 Group
0.1xn/aUS$4.32m
No more companies available in this PS range
0EOF 1.8xIndustry Avg. 1.8xNo. of Companies4PS012345+
3 CompaniesEstimated GrowthMarket Cap
No more companies

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

Price to Sales Ratio vs Fair Ratio

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 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.8x
Fair PS Ratio1.9x

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

Analyst Price Targets

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

The above table shows the analyst 0EOF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 45.90
NOK 63.00
+37.3%
18.7%NOK 83.00NOK 54.00n/a4
Nov ’25NOK 42.20
NOK 52.00
+23.2%
9.0%NOK 60.00NOK 48.00n/a4
Oct ’25NOK 43.90
NOK 52.00
+18.5%
9.0%NOK 60.00NOK 48.00n/a4
Sep ’25NOK 40.60
NOK 47.75
+17.6%
12.4%NOK 56.00NOK 40.00n/a4
Aug ’25NOK 32.00
NOK 39.75
+24.2%
6.3%NOK 43.00NOK 36.00n/a4
Jul ’25NOK 30.00
NOK 39.75
+32.5%
6.3%NOK 43.00NOK 36.00n/a4
Mar ’25NOK 21.26
NOK 32.00
+50.5%
3.1%NOK 33.00NOK 31.00n/a2
Feb ’25NOK 24.13
NOK 33.50
+38.8%
1.5%NOK 34.00NOK 33.00n/a2
Jan ’25NOK 28.88
NOK 36.33
+25.8%
11.1%NOK 42.00NOK 33.00n/a3
Dec ’24NOK 25.97
NOK 36.33
+39.9%
11.1%NOK 42.00NOK 33.00n/a3
Nov ’24NOK 25.58
NOK 39.00
+52.5%
10.9%NOK 42.00NOK 33.00NOK 42.203
Oct ’24NOK 27.78
NOK 39.00
+40.4%
10.9%NOK 42.00NOK 33.00NOK 43.903
Sep ’24NOK 38.08
NOK 35.50
-6.8%
11.0%NOK 42.00NOK 32.00NOK 40.604
Aug ’24NOK 30.74
NOK 35.50
+15.5%
10.1%NOK 40.00NOK 30.00NOK 32.004
Jul ’24NOK 27.13
NOK 35.33
+30.2%
11.6%NOK 40.00NOK 30.00NOK 30.003
Jun ’24NOK 27.72
NOK 35.33
+27.5%
11.6%NOK 40.00NOK 30.00NOK 28.593
May ’24NOK 32.18
NOK 40.33
+25.3%
1.2%NOK 41.00NOK 40.00NOK 17.003
Apr ’24NOK 33.55
NOK 40.33
+20.2%
1.2%NOK 41.00NOK 40.00NOK 18.353
Mar ’24NOK 38.26
NOK 40.33
+5.4%
1.2%NOK 41.00NOK 40.00NOK 21.263
Feb ’24NOK 35.00
NOK 33.67
-3.8%
14.6%NOK 40.00NOK 28.00NOK 24.133
Jan ’24NOK 27.76
NOK 33.67
+21.3%
14.6%NOK 40.00NOK 28.00NOK 28.883
Dec ’23NOK 29.36
NOK 33.67
+14.7%
14.6%NOK 40.00NOK 28.00NOK 25.973
Nov ’23NOK 24.62
NOK 33.67
+36.7%
13.8%NOK 40.00NOK 29.00NOK 25.583

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

Discover undervalued companies

Chargeurs

€240.2m

Operates as a manufacturing and services company in France, Europe, the Americas, Asia, and internationally.

0E1Y

€10.23

7D

2.2%

1Y

17.5%

Senior

UK£611.7m

Designs, manufactures, and sells high-technology components and systems for the principal original equipment manufacturers in the aerospace, defense, land vehicle, and power and energy markets in the United States, the United Kingdom, and internationally.

SNR

UK£1.50

7D

4.6%

1Y

-9.2%

Eiffage

€8.3b

Engages in the construction, property development, urban development, civil engineering, metallic construction, roads, energy systems, and concessions businesses in France and internationally.

0NPT

€86.31

7D

2.7%

1Y

-5.0%