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Hexagon Composites

OB:HEX
Snowflake Description

Flawless balance sheet with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HEX
OB
NOK6B
Market Cap
  1. Home
  2. NO
  3. Capital Goods
Company description

Hexagon Composites ASA, together with its subsidiaries, develops, manufactures, and sells composite pressure cylinders and systems for the storage and transportation of gases in Europe, North America, South-East Asia, the Middle East, South America, and internationally. The last earnings update was 35 days ago. More info.


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  • Hexagon Composites has significant price volatility in the past 3 months.
HEX Share Price and Events
7 Day Returns
0.6%
OB:HEX
-1.4%
NO Machinery
2%
NO Market
1 Year Returns
39.6%
OB:HEX
14.3%
NO Machinery
6.9%
NO Market
HEX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hexagon Composites (HEX) 0.6% -1.4% 32.2% 39.6% 44.9% -2%
NO Machinery -1.4% -1.5% 17.4% 14.3% 14.8% -7.1%
NO Market 2% 1.5% 7.5% 6.9% 35.4% 30%
1 Year Return vs Industry and Market
  • HEX outperformed the Machinery industry which returned 14.3% over the past year.
  • HEX outperformed the Market in Norway which returned 6.9% over the past year.
Price Volatility
HEX
Industry
5yr Volatility vs Market

HEX Value

 Is Hexagon Composites undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Hexagon Composites to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hexagon Composites.

OB:HEX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.2%
Perpetual Growth Rate 10-Year NO Government Bond Rate 1.8%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OB:HEX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NO Govt Bond Rate 1.8%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.06 (1 + (1- 23%) (8.86%))
1.088
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.76% + (1.088 * 5.96%)
8.25%

Discounted Cash Flow Calculation for OB:HEX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hexagon Composites is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OB:HEX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (NOK, Millions) Source Present Value
Discounted (@ 8.25%)
2019 -634.50 Analyst x2 -586.16
2020 323.50 Analyst x2 276.08
2021 373.00 Analyst x1 294.08
2022 412.11 Est @ 10.48% 300.16
2023 444.53 Est @ 7.87% 299.10
2024 471.35 Est @ 6.03% 292.99
2025 493.76 Est @ 4.75% 283.53
2026 512.79 Est @ 3.85% 272.03
2027 529.33 Est @ 3.23% 259.41
2028 544.08 Est @ 2.79% 246.32
Present value of next 10 years cash flows NOK1,937.53
OB:HEX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= NOK544.08 × (1 + 1.76%) ÷ (8.25% – 1.76%)
NOK8,534.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NOK8,534.83 ÷ (1 + 8.25%)10
NOK3,863.98
OB:HEX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NOK1,937.53 + NOK3,863.98
NOK5,801.52
Equity Value per Share
(NOK)
= Total value / Shares Outstanding
= NOK5,801.52 / 181.21
NOK32.02
OB:HEX Discount to Share Price
Calculation Result
Value per share (NOK) From above. NOK32.02
Current discount Discount to share price of NOK32.45
= -1 x (NOK32.45 - NOK32.02) / NOK32.02
-1.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Hexagon Composites is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hexagon Composites's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hexagon Composites's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:HEX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in NOK NOK0.88
OB:HEX Share Price ** OB (2019-03-20) in NOK NOK32.45
Europe Machinery Industry PE Ratio Median Figure of 181 Publicly-Listed Machinery Companies 16.25x
Norway Market PE Ratio Median Figure of 129 Publicly-Listed Companies 13.28x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hexagon Composites.

OB:HEX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:HEX Share Price ÷ EPS (both in NOK)

= 32.45 ÷ 0.88

36.88x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hexagon Composites is overvalued based on earnings compared to the Europe Machinery industry average.
  • Hexagon Composites is overvalued based on earnings compared to the Norway market.
Price based on expected Growth
Does Hexagon Composites's expected growth come at a high price?
Raw Data
OB:HEX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 36.88x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
30.6%per year
Europe Machinery Industry PEG Ratio Median Figure of 122 Publicly-Listed Machinery Companies 1.81x
Norway Market PEG Ratio Median Figure of 101 Publicly-Listed Companies 0.9x

*Line of best fit is calculated by linear regression .

OB:HEX PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 36.88x ÷ 30.6%

1.2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hexagon Composites is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Hexagon Composites's assets?
Raw Data
OB:HEX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in NOK NOK9.40
OB:HEX Share Price * OB (2019-03-20) in NOK NOK32.45
Norway Machinery Industry PB Ratio Median Figure of 6 Publicly-Listed Machinery Companies 1.07x
Norway Market PB Ratio Median Figure of 213 Publicly-Listed Companies 1.18x
OB:HEX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:HEX Share Price ÷ Book Value per Share (both in NOK)

= 32.45 ÷ 9.40

3.45x

* Primary Listing of Hexagon Composites.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hexagon Composites is overvalued based on assets compared to the NO Machinery industry average.
X
Value checks
We assess Hexagon Composites's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Hexagon Composites has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

HEX Future Performance

 How is Hexagon Composites expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
30.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hexagon Composites expected to grow at an attractive rate?
  • Hexagon Composites's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Hexagon Composites's earnings growth is expected to exceed the Norway market average.
  • Hexagon Composites's revenue growth is expected to exceed the Norway market average.
Annual Growth Rates Comparison
Raw Data
OB:HEX Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:HEX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 30.6%
OB:HEX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 30.2%
Europe Machinery Industry Earnings Growth Rate Market Cap Weighted Average 7.9%
Europe Machinery Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
Norway Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Norway Market Revenue Growth Rate Market Cap Weighted Average 4.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OB:HEX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:HEX Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 4,819 553 377 3
2020-12-31 4,182 487 274 3
2019-12-31 3,563 17 202 3
OB:HEX Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2018-12-31 1,487 149 146
2018-09-30 1,418 64 149
2018-06-30 1,473 181 133
2018-03-31 1,478 217 85
2017-12-31 1,408 90 69
2017-09-30 1,397 56 242
2017-06-30 1,332 -31 215
2017-03-31 1,275 -120 215
2016-12-31 1,221 -4 208
2016-09-30 1,245 43 16
2016-06-30 1,236 77 -9
2016-03-31 1,334 149 -33

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hexagon Composites's earnings are expected to grow significantly at over 20% yearly.
  • Hexagon Composites's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OB:HEX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Hexagon Composites Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:HEX Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.26 2.72 1.49 3.00
2020-12-31 1.64 2.04 1.07 3.00
2019-12-31 1.22 1.55 1.04 3.00
OB:HEX Past Financials Data
Date (Data in NOK Millions) EPS *
2018-12-31 0.88
2018-09-30 0.92
2018-06-30 0.82
2018-03-31 0.53
2017-12-31 0.42
2017-09-30 1.59
2017-06-30 1.37
2017-03-31 1.30
2016-12-31 1.40
2016-09-30 0.11
2016-06-30 -0.07
2016-03-31 -0.20

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Hexagon Composites is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Hexagon Composites's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hexagon Composites has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

HEX Past Performance

  How has Hexagon Composites performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hexagon Composites's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hexagon Composites's year on year earnings growth rate has been positive over the past 5 years.
  • Hexagon Composites's 1-year earnings growth exceeds its 5-year average (109.4% vs 10%)
  • Hexagon Composites's earnings growth has exceeded the Europe Machinery industry average in the past year (109.4% vs 16.6%).
Earnings and Revenue History
Hexagon Composites's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hexagon Composites Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:HEX Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,486.52 145.51 397.03
2018-09-30 1,418.22 149.02 365.51
2018-06-30 1,472.78 132.80 355.55
2018-03-31 1,477.99 85.29 344.71
2017-12-31 1,407.94 69.47 345.45
2017-09-30 1,396.56 242.08 356.29
2017-06-30 1,331.50 215.09 361.45
2017-03-31 1,275.08 215.11 366.41
2016-12-31 1,220.51 208.30 365.62
2016-09-30 1,244.85 16.22 352.22
2016-06-30 1,235.54 -9.32 356.39
2016-03-31 1,333.88 -32.61 366.63
2015-12-31 1,443.87 4.56 377.63
2015-09-30 1,569.32 34.52 389.53
2015-06-30 1,661.66 112.37 372.34
2015-03-31 1,641.94 159.43 346.77
2014-12-31 1,650.83 160.35 321.41
2014-09-30 1,458.40 125.50 289.55
2014-06-30 1,448.44 106.63 276.63
2014-03-31 1,376.23 101.56 254.29
2013-12-31 1,271.62 86.70 236.01
2013-09-30 1,039.96 82.35 205.95
2013-06-30 934.75 51.92 198.37
2013-03-31 899.76 29.36 197.98
2012-12-31 857.44 13.77 189.64
2012-09-30 1,016.49 8.63 206.05
2012-06-30 968.66 8.57 198.99
2012-03-31 974.87 13.54 185.34

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Hexagon Composites has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hexagon Composites used its assets more efficiently than the Europe Machinery industry average last year based on Return on Assets.
  • Hexagon Composites's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hexagon Composites's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hexagon Composites has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

HEX Health

 How is Hexagon Composites's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hexagon Composites's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hexagon Composites is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hexagon Composites's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hexagon Composites's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hexagon Composites Company Filings, last reported 2 months ago.

OB:HEX Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,544.09 521.93 138.53
2018-09-30 1,461.73 450.27 124.70
2018-06-30 1,421.18 370.98 99.94
2018-03-31 1,403.09 378.61 203.81
2017-12-31 1,412.44 386.90 165.21
2017-09-30 1,354.75 450.86 233.70
2017-06-30 1,367.36 460.13 156.96
2017-03-31 1,344.85 446.99 135.22
2016-12-31 1,333.17 445.78 201.74
2016-09-30 1,098.99 402.33 671.65
2016-06-30 1,118.04 0.00 290.81
2016-03-31 1,100.14 383.17 762.88
2015-12-31 470.14 397.76 87.81
2015-09-30 444.70 393.66 101.74
2015-06-30 451.96 391.03 100.01
2015-03-31 547.61 297.43 122.90
2014-12-31 487.11 304.58 195.82
2014-09-30 429.16 297.13 123.40
2014-06-30 388.79 296.90 168.91
2014-03-31 390.20 296.74 189.36
2013-12-31 348.56 450.71 243.41
2013-09-30 336.54 478.72 205.63
2013-06-30 310.91 365.61 88.36
2013-03-31 289.80 385.04 125.44
2012-12-31 259.49 361.79 76.01
2012-09-30 270.08 319.37 52.90
2012-06-30 282.54 313.78 25.92
2012-03-31 268.95 338.09 19.84
  • Hexagon Composites's level of debt (33.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (128.6% vs 33.8% today).
  • Debt is well covered by operating cash flow (28.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.8x coverage).
X
Financial health checks
We assess Hexagon Composites's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hexagon Composites has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

HEX Dividends

 What is Hexagon Composites's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.92%
Current annual income from Hexagon Composites dividends. Estimated to be 1.98% next year.
If you bought NOK2,000 of Hexagon Composites shares you are expected to receive NOK18 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Hexagon Composites's pays a lower dividend yield than the bottom 25% of dividend payers in Norway (2.68%).
  • Hexagon Composites's dividend is below the markets top 25% of dividend payers in Norway (6.14%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OB:HEX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Europe Machinery Industry Average Dividend Yield Market Cap Weighted Average of 142 Stocks 2.7%
Norway Market Average Dividend Yield Market Cap Weighted Average of 112 Stocks 4.2%
Norway Minimum Threshold Dividend Yield 10th Percentile 1.8%
Norway Bottom 25% Dividend Yield 25th Percentile 2.7%
Norway Top 25% Dividend Yield 75th Percentile 6.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OB:HEX Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.60 3.00
2020-12-31 0.81 3.00
2019-12-31 0.52 3.00
OB:HEX Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2018-03-27 0.300 1.183
2016-10-27 0.000 0.000
2016-08-18 0.000 0.000
2016-05-12 0.000 0.000
2016-03-16 0.000 0.000
2015-03-18 0.620 3.223
2014-05-09 0.330 1.228
2014-04-01 0.330 0.927
2013-04-30 0.150 0.979
2013-04-17 0.150 2.325
2012-10-26 0.000 0.000
2012-08-23 0.000 0.000
2012-05-11 0.000 0.000
2012-05-08 0.000 0.000
2011-03-17 0.070 1.954
2011-02-15 0.070 1.071
2010-05-18 0.230 3.309
2010-02-16 0.230 2.842

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hexagon Composites is not paying a notable dividend for Norway, therefore no need to check if the payments are stable.
  • Hexagon Composites is not paying a notable dividend for Norway, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Hexagon Composites's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Hexagon Composites's dividends as it is not paying a notable one for Norway.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.8x coverage).
X
Income/ dividend checks
We assess Hexagon Composites's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hexagon Composites afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hexagon Composites has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HEX Management

 What is the CEO of Hexagon Composites's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jon Engeset
COMPENSATION NOK7,108,000
CEO Bio

Mr. Jon Erik Engeset has been the Chief Executive Officer and President at Hexagon Composites ASA. Mr. Engeset served as Chief Executive Officer of Saferoad AS for 11 years and served as its President. Prior to Hexagon, he held senior managerial positions in various companies including Rolls-Royce and Norsk Hydro. He serves as a Director of Agility Fuel Solutions LLC. Mr. Engeset holds M.Sc. and an MBA from the Norwegian School of Economics (NHH).

CEO Compensation
  • Jon's compensation has increased by more than 20% in the past year.
  • Jon's remuneration is higher than average for companies of similar size in Norway.
Management Team Tenure

Average tenure of the Hexagon Composites management team in years:

2
Average Tenure
  • The average tenure for the Hexagon Composites management team is less than 2 years, this suggests a new team.
Management Team

Jon Engeset

TITLE
President & CEO
COMPENSATION
NOK7M

David Bandele

TITLE
Chief Financial Officer
COMPENSATION
NOK4M
AGE
47
TENURE
5.2 yrs

Heiko Chudzick

TITLE
Executive Vice President of Operations
TENURE
0.9 yrs

Gunnar Engkrog

TITLE
Head of Group Accounting

Hiva Ghiri

TITLE
Vice President of Investor Relations
TENURE
0.8 yrs

Solveig Drøpping Sæther

TITLE
Communicaton Manager

Jack Schimenti

TITLE
President of High-Pressure Area CNG & CHG

Skjalg Stavheim

TITLE
President of Low-Pressure Area LPG

Rick Rashilla

TITLE
Head of Hydrogen Business Development
TENURE
3 yrs

Michael Kleschinski

TITLE
Executive Vice President of High-Pressure Area CNG & CHG
Board of Directors Tenure

Average tenure and age of the Hexagon Composites board of directors in years:

1.9
Average Tenure
53
Average Age
  • The average tenure for the Hexagon Composites board of directors is less than 3 years, this suggests a new board.
Board of Directors

Knut Flakk

TITLE
Chairman
COMPENSATION
NOK750K

Kristine Landmark

TITLE
Deputy Chair
COMPENSATION
NOK240K
AGE
64

Sverre Narvesen

TITLE
Board Member
COMPENSATION
NOK180K

Katsunori Mori

TITLE
Board Member
TENURE
2.3 yrs

Elisabeth Tørstad

TITLE
Board Member
AGE
53
TENURE
1.9 yrs

Susana Plaza

TITLE
Director
AGE
44
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • Hexagon Composites insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
26. Feb 19 Sell Knut Flakk Individual 26. Feb 19 26. Feb 19 -81,802 NOK33.40 NOK-2,732,187
28. Feb 19 Buy Mitsui & Co., Ltd. Company 27. Feb 19 27. Feb 19 4,167,000 NOK29.60 NOK123,343,212
26. Feb 19 Buy Flakk Gruppen As Company 26. Feb 19 26. Feb 19 81,802 NOK33.40 NOK2,732,187
17. Aug 18 Buy Flakk Gruppen As Company 17. Aug 18 17. Aug 18 31,415 NOK23.50 NOK738,252
15. Aug 18 Buy Michael Kleschinski Individual 15. Aug 18 15. Aug 18 3,700 NOK25.50 NOK94,350
03. Apr 18 Buy Flakk Invest AS Company 03. Apr 18 03. Apr 18 100,000 NOK23.00 NOK2,300,000
21. Mar 18 Buy Flakk Invest AS Company 21. Mar 18 21. Mar 18 100,000 NOK23.36 NOK2,336,000
X
Management checks
We assess Hexagon Composites's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hexagon Composites has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

HEX News

Simply Wall St News

Introducing Hexagon Composites (OB:HEX), A Stock That Climbed 46% In The Last Three Years

Just take a look at Hexagon Composites ASA (OB:HEX), which is up 46%, over three years, soundly beating the market return of 33% (not including dividends). … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During three years of share price growth, Hexagon Composites achieved compound earnings per share growth of 194% per year.

Simply Wall St -

Why Hexagon Composites ASA’s (OB:HEX) Return On Capital Employed Might Be A Concern

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

An Examination Of Hexagon Composites ASA (OB:HEX)

Help shape the future of investing tools and receive a $20 prize! … I've been keeping an eye on Hexagon Composites ASA (OB:HEX) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe HEX has a lot to offer.

Simply Wall St -

Why Hexagon Composites ASA's (OB:HEX) High P/E Ratio Isn't Necessarily A Bad Thing

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … To keep it practical, we'll show how Hexagon Composites ASA's (OB:HEX) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Hexagon Composites ASA (OB:HEX) Delivered A Weaker ROE Than Its Industry

Our data shows Hexagon Composites has a return on equity of 10% for the last year. … That means that for every NOK1 worth of shareholders' equity, it generated NOK0.10 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Do Directors Own Hexagon Composites ASA (OB:HEX) Shares?

Generally speaking, as a company grows, institutions will increase their ownership. … Hexagon Composites is not a large company by global standards. … Check out our latest analysis for Hexagon Composites

Simply Wall St -

How Much Are Hexagon Composites ASA (OB:HEX) Insiders Spending On Buying Shares?

So we'll take a look at whether insiders have been buying or selling shares in Hexagon Composites ASA (OB:HEX). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … The Last 12 Months Of Insider Transactions At Hexagon Composites

Simply Wall St -

What does Hexagon Composites ASA's (OB:HEX) Balance Sheet Tell Us About Its Future?

Hexagon Composites ASA (OB:HEX) is a small-cap stock with a market capitalization of øre3.8b. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is.

Simply Wall St -

How Should Investors Feel About Hexagon Composites ASA's (OB:HEX) CEO Pay?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Jon Engeset's Compensation Compare With Similar Sized Companies. … Our data indicates that Hexagon Composites ASA is worth øre4.2b, and total annual CEO compensation is øre7.1m.

Simply Wall St -

What Should You Know About Hexagon Composites ASA's (OB:HEX) Capital Returns?

and want a simplistic look at the return on Hexagon Composites ASA (OB:HEX) stock. … This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … Thus, to understand how your money can grow by investing in Hexagon Composites, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

HEX Company Info

Description

Hexagon Composites ASA, together with its subsidiaries, develops, manufactures, and sells composite pressure cylinders and systems for the storage and transportation of gases in Europe, North America, South-East Asia, the Middle East, South America, and internationally. The company operates through Hydrogen & Light-Duty Vehicles, Mobile Pipelines, LPG, Medium and Heavy-Duty Vehicles, and Other segments. It offers low-pressure composite liquefied petroleum gas cylinders for leisure activities, household use, and industrial applications; and high-pressure composite cylinders and solutions for the storage and transportation of compressed natural gas and hydrogen gas to the bus and automotive industry, and for the bulk transport of compressed gas. The company serves oil distributors, passenger car original equipment manufacturers (OEMs), city bus manufacturers, heavy duty vehicles OEMs, and windmill blade manufacturers. Hexagon Composites ASA is headquartered in Ålesund, Norway.

Details
Name: Hexagon Composites ASA
HEX
Exchange: OB
Founded:
NOK5,889,172,835
181,205,318
Website: http://www.hexagon.no
Address: Hexagon Composites ASA
Korsegata 4B,
PO Box 836,
Ålesund,
Møre og Romsdal, 6002,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB HEX Ordinary Shares Oslo Bors NO NOK 31. Jan 1997
OTCPK HXGC.F Ordinary Shares Pink Sheets LLC US USD 31. Jan 1997
DB 2HX Ordinary Shares Deutsche Boerse AG DE EUR 31. Jan 1997
LSE 0EOF Ordinary Shares London Stock Exchange GB NOK 31. Jan 1997
BATS-CHIXE HEXO Ordinary Shares BATS 'Chi-X Europe' GB NOK 31. Jan 1997
Number of employees
Current staff
Staff numbers
850
Hexagon Composites employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 20:35
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/20
Last earnings filing: 2019/02/13
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.