Hexagon AB (publ)

BATS-CHIXE:HEXABS Stock Report

Market Cap: SEK 295.8b

Hexagon Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

SEK 104.21
Fair Value
4.9% overvalued intrinsic discount
17
Number of Analysts

Below Fair Value: HEXABS (SEK109.3) is trading above our estimate of fair value (SEK104.21)

Significantly Below Fair Value: HEXABS is trading above our estimate of fair value.

Key Valuation Metric

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

Key metric: As HEXABS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HEXABS. This is calculated by dividing HEXABS's market cap by their current earnings.
What is HEXABS's PE Ratio?
PE Ratio40x
Earnings€672.80m
Market Cap€26.91b

Price to Earnings Ratio vs Peers

How does HEXABS's PE Ratio compare to its peers?

The above table shows the PE ratio for HEXABS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average51.9x
HLMA Halma
38.5x7.92%UK£13.4b
SXS Spectris
70.6x43.71%UK£4.1b
RSW Renishaw
29.2x16.05%UK£2.4b
OXIG Oxford Instruments
69.3x39.68%UK£1.1b
HEXABS Hexagon
40x19.67%SEK 295.8b

Price-To-Earnings vs Peers: HEXABS is good value based on its Price-To-Earnings Ratio (40x) compared to the peer average (51.9x).

Price to Earnings Ratio vs Industry

How does HEXABS's PE Ratio compare vs other companies in the European Electronic Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies15PE01632486480+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HEXABS is expensive based on its Price-To-Earnings Ratio (40x) compared to the European Electronic industry average (23.8x).

Price to Earnings Ratio vs Fair Ratio

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

HEXABS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio40x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HEXABS's Price-To-Earnings Fair Ratio for valuation analysis.

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 HEXABS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 109.30
SEK 121.85
+11.48%
13.33%SEK 151.31SEK 97.57n/a17
Nov ’26SEK 118.05
SEK 119.85
+1.53%
13.77%SEK 150.39SEK 96.98n/a17
Oct ’26SEK 111.00
SEK 114.49
+3.14%
12.60%SEK 146.24SEK 88.50n/a17
Sep ’26SEK 105.08
SEK 113.41
+7.93%
13.09%SEK 144.89SEK 88.94n/a18
Aug ’26SEK 105.78
SEK 112.94
+6.77%
13.22%SEK 144.49SEK 87.36n/a18
Jul ’26SEK 93.44
SEK 111.96
+19.82%
13.18%SEK 145.91SEK 87.72n/a19
Jun ’26SEK 97.60
SEK 111.44
+14.19%
13.08%SEK 144.47SEK 85.83n/a20
May ’26SEK 92.66
SEK 113.73
+22.73%
12.77%SEK 152.89SEK 95.07n/a20
Apr ’26SEK 107.78
SEK 125.90
+16.82%
14.70%SEK 156.97SEK 98.33n/a20
Mar ’26n/a
SEK 125.83
0%
15.33%SEK 155.56SEK 87.81n/a20
Feb ’26SEK 128.75
SEK 122.53
-4.83%
15.95%SEK 155.08SEK 90.37n/a20
Jan ’26n/a
SEK 118.04
0%
14.79%SEK 153.97SEK 89.52n/a20
Dec ’25SEK 92.32
SEK 119.78
+29.75%
13.47%SEK 154.51SEK 94.37n/a20
Nov ’25SEK 101.05
SEK 120.88
+19.62%
13.44%SEK 156.81SEK 95.37SEK 118.0520
Oct ’25SEK 109.83
SEK 119.29
+8.62%
14.59%SEK 154.70SEK 88.17SEK 111.0020
Sep ’25SEK 104.25
SEK 118.34
+13.51%
14.92%SEK 150.66SEK 88.37SEK 105.0819
Aug ’25SEK 107.08
SEK 120.81
+12.83%
14.93%SEK 153.31SEK 89.92SEK 105.7819
Jul ’25n/a
SEK 121.42
0%
17.30%SEK 160.59SEK 78.27SEK 93.4420
Jun ’25n/a
SEK 120.60
0%
16.55%SEK 162.39SEK 79.15SEK 97.6019
May ’25SEK 124.60
SEK 123.72
-0.70%
16.68%SEK 165.75SEK 80.79SEK 92.6618
Apr ’25n/a
SEK 122.66
0%
17.70%SEK 165.06SEK 82.00SEK 107.7818
Mar ’25SEK 122.03
SEK 117.27
-3.89%
17.38%SEK 157.70SEK 79.55n/a18
Feb ’25SEK 114.35
SEK 117.19
+2.48%
18.22%SEK 161.13SEK 79.39SEK 128.7518
Jan ’25n/a
SEK 112.12
0%
16.22%SEK 148.61SEK 76.18n/a18
Dec ’24SEK 105.25
SEK 110.54
+5.02%
15.80%SEK 150.88SEK 77.98SEK 92.3217
Nov ’24SEK 89.04
SEK 114.96
+29.11%
14.53%SEK 151.61SEK 94.82SEK 101.0515
SEK 120.85
Fair Value
9.6% undervalued intrinsic discount
17
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/22 14:23
End of Day Share Price 2025/11/19 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hexagon AB (publ) is covered by 39 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Robert BateBarclays
Sven MerktBarclays