Hexagon AB (publ)

BATS-CHIXE:HEXABS Stock Report

Market Cap: SEK 283.3b

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.

Below Fair Value: HEXABS (SEK105.65) is trading below our estimate of fair value (SEK129.81)

Significantly Below Fair Value: HEXABS is trading below fair value, but not by a significant amount.

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 Ratio24.4x
Earnings€1.01b
Market Cap€24.63b

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 Average23.2x
HLMA Halma
35.9x8.3%UK£10.3b
SXS Spectris
8.8x-23.6%UK£2.4b
RSW Renishaw
25.1x11.8%UK£2.4b
OXIG Oxford Instruments
22.9x10.0%UK£1.2b
HEXABS Hexagon
24.4x11.5%SEK 283.3b

Price-To-Earnings vs Peers: HEXABS is expensive based on its Price-To-Earnings Ratio (24.4x) compared to the peer average (23.2x).

Price to Earnings Ratio vs Industry

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

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies14PE01224364860+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HEXABS is expensive based on its Price-To-Earnings Ratio (24.4x) compared to the European Electronic industry average (19.2x).

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 Ratio24.4x
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 105.65
SEK 119.61
+13.2%
14.4%SEK 154.25SEK 90.11n/a21
Dec ’25SEK 92.32
SEK 119.91
+29.9%
13.4%SEK 154.51SEK 94.37n/a20
Nov ’25SEK 101.05
SEK 121.02
+19.8%
13.4%SEK 156.81SEK 95.37n/a20
Oct ’25SEK 109.83
SEK 119.29
+8.6%
14.6%SEK 154.70SEK 88.17n/a20
Sep ’25SEK 104.25
SEK 118.34
+13.5%
14.9%SEK 150.66SEK 88.37n/a19
Aug ’25SEK 107.08
SEK 120.81
+12.8%
14.9%SEK 153.31SEK 89.92n/a19
Jul ’25n/a
SEK 121.42
0%
17.3%SEK 160.59SEK 78.27n/a20
Jun ’25n/a
SEK 120.60
0%
16.6%SEK 162.39SEK 79.15n/a19
May ’25SEK 124.60
SEK 123.72
-0.7%
16.7%SEK 165.75SEK 80.79n/a18
Apr ’25n/a
SEK 122.66
0%
17.7%SEK 165.06SEK 82.00n/a18
Mar ’25SEK 122.03
SEK 117.27
-3.9%
17.4%SEK 157.70SEK 79.55n/a18
Feb ’25SEK 114.35
SEK 117.19
+2.5%
18.2%SEK 161.13SEK 79.39n/a18
Jan ’25n/a
SEK 112.12
0%
16.2%SEK 148.61SEK 76.18n/a18
Dec ’24SEK 105.25
SEK 110.54
+5.0%
15.8%SEK 150.88SEK 77.98SEK 92.3217
Nov ’24SEK 89.04
SEK 114.96
+29.1%
14.5%SEK 151.61SEK 94.82SEK 101.0515
Oct ’24SEK 94.02
SEK 117.65
+25.1%
13.6%SEK 151.09SEK 93.93SEK 109.8316
Sep ’24SEK 98.67
SEK 121.57
+23.2%
12.2%SEK 152.35SEK 101.16SEK 104.2516
Aug ’24SEK 112.10
SEK 121.88
+8.7%
12.1%SEK 148.94SEK 100.97SEK 107.0816
Jul ’24SEK 132.10
SEK 125.87
-4.7%
11.7%SEK 152.05SEK 103.85n/a16
Jun ’24SEK 125.55
SEK 123.03
-2.0%
11.7%SEK 148.97SEK 101.75n/a16
May ’24SEK 118.65
SEK 121.09
+2.1%
11.7%SEK 147.21SEK 100.11SEK 124.6016
Apr ’24SEK 114.30
SEK 119.61
+4.6%
12.0%SEK 149.11SEK 94.21n/a15
Mar ’24SEK 117.05
SEK 119.18
+1.8%
13.0%SEK 146.55SEK 92.85SEK 122.0315
Feb ’24SEK 119.25
SEK 119.50
+0.2%
12.8%SEK 147.06SEK 97.23SEK 114.3515
Jan ’24SEK 109.25
SEK 116.52
+6.7%
11.9%SEK 139.42SEK 94.50n/a16
Dec ’23SEK 120.55
SEK 118.32
-1.9%
11.6%SEK 140.36SEK 95.14SEK 105.2515

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 Analysis2024/12/22 23:30
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Hexagon AB (publ) is covered by 41 analysts. 20 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
Sven MerktBarclays
Robert BateBarclays