Hexagon AB (publ)

BATS-CHIXE:HEXABS Stock Report

Market Cap: kr325.2b

Hexagon Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • 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.

Below Fair Value: HEXABS (SEK118.9) is trading above our estimate of fair value (SEK118.61)

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?

Other financial metrics that can be useful for relative valuation.

HEXABS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue5.7x
Enterprise Value/EBITDA21.6x
PEG Ratio2.2x

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 Average28.1x
HLMA Halma
36.9x8.8%UK£8.8b
SXS Spectris
23x10.5%UK£3.3b
RSW Renishaw
29.8x14.4%UK£2.9b
OXIG Oxford Instruments
22.8x2.8%UK£1.4b
HEXABS Hexagon
32.6x14.6%kr325.2b

Price-To-Earnings vs Peers: HEXABS is expensive based on its Price-To-Earnings Ratio (32.6x) compared to the peer average (28.1x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a12.0%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a12.0%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: HEXABS is expensive based on its Price-To-Earnings Ratio (32.6x) compared to the European Electronic industry average (20.5x).

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 Ratio32.6x
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
Currentkr118.90
kr122.95
+3.4%
16.8%kr164.65kr79.90n/a18
May ’25kr124.60
kr123.75
-0.7%
16.7%kr165.81kr80.46n/a18
Apr ’25n/a
kr122.74
0%
17.7%kr165.65kr82.00n/a18
Mar ’25kr122.03
kr117.31
-3.9%
17.4%kr157.70kr79.55n/a18
Feb ’25kr114.35
kr117.25
+2.5%
18.2%kr161.13kr79.39n/a18
Jan ’25n/a
kr112.15
0%
16.2%kr148.61kr76.18n/a18
Dec ’24kr105.25
kr110.54
+5.0%
15.8%kr150.88kr77.98n/a17
Nov ’24kr89.04
kr114.96
+29.1%
14.5%kr151.61kr94.82n/a15
Oct ’24kr94.02
kr117.65
+25.1%
13.6%kr151.09kr93.93n/a16
Sep ’24kr98.67
kr121.57
+23.2%
12.2%kr152.35kr101.16n/a16
Aug ’24kr112.10
kr121.88
+8.7%
12.1%kr148.94kr100.97n/a16
Jul ’24kr132.10
kr125.87
-4.7%
11.7%kr152.05kr103.85n/a16
Jun ’24kr125.55
kr123.03
-2.0%
11.7%kr148.97kr101.75n/a16
May ’24kr118.65
kr121.14
+2.1%
11.7%kr147.21kr100.11kr124.6016
Apr ’24kr114.30
kr119.61
+4.6%
12.0%kr149.11kr94.21n/a15
Mar ’24kr117.05
kr119.18
+1.8%
13.0%kr146.55kr92.85kr122.0315
Feb ’24kr119.25
kr119.50
+0.2%
12.8%kr147.06kr97.23kr114.3515
Jan ’24kr109.25
kr116.52
+6.7%
11.9%kr139.42kr94.50n/a16
Dec ’23kr120.55
kr118.32
-1.9%
11.6%kr140.36kr95.14kr105.2515
Nov ’23kr108.70
kr116.92
+7.6%
10.6%kr139.99kr94.89kr89.0415
Oct ’23kr99.96
kr129.04
+29.1%
9.9%kr152.95kr109.13kr94.0215
Sep ’23kr111.90
kr128.57
+14.9%
11.4%kr151.41kr105.47kr98.6715
Aug ’23kr116.70
kr126.98
+8.8%
11.5%kr149.55kr104.17kr112.1015
Jul ’23kr106.75
kr144.64
+35.5%
12.1%kr170.73kr109.08kr132.1015
Jun ’23kr118.50
kr144.60
+22.0%
12.5%kr166.80kr106.57kr125.5514
May ’23kr128.00
kr142.60
+11.4%
12.4%kr165.22kr105.14kr118.6514

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

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