Hexagon Composites (OB:HEX) - Stock Price, News & Analysis

HEX Stock Overview

Engages in the manufacture and sale of composite pressure cylinders and fuel systems for alternative fuels worldwide. More details

HEX fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	4/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Rewards

Trading at 78.9% below our estimate of its fair value

Earnings are forecast to grow 81.28% per year

Risk Analysis

Shareholders have been diluted in the past year

Volatile share price over the past 3 months compared to the Norwegian market

Significant insider selling over the past 3 months

Hexagon Composites ASA Competitors

AutoStore Holdings

OB:AUTO

NOK 39.5b

Tomra Systems

OB:TOM

NOK 42.3b

Cambi

OB:CAMBI

NOK 2.3b

Scana

OB:SCANA

NOK 1.3b

Price History & Performance

Summary of all time highs, changes and price drops for Hexagon Composites
Historical stock prices
Current Share Price	NOK 44.30
52 Week High	NOK 48.80
52 Week Low	NOK 16.30
Beta	1.41
11 Month Change	14.03%
3 Month Change	17.20%
1 Year Change	71.57%
33 Year Change	17.94%
5 Year Change	31.07%
Change since IPO	160.59%

Recent updates

There's Reason For Concern Over Hexagon Composites ASA's (OB:HEX) Massive 29% Price Jump

Aug 20

Hexagon Composites ASA (OB:HEX) Analysts Are Pretty Bullish On The Stock After Recent Results

Feb 19

Is Hexagon Composites (OB:HEX) Using Too Much Debt?

Feb 06

Is Hexagon Composites (OB:HEX) Using Too Much Debt?

Sep 24

Does Hexagon Composites (OB:HEX) Have A Healthy Balance Sheet?

Jun 12

Here's Why Hexagon Composites (OB:HEX) Can Afford Some Debt

Feb 18

Hexagon Composites (OB:HEX) Has Debt But No Earnings; Should You Worry?

Oct 26

Does Hexagon Composites (OB:HEX) Have A Healthy Balance Sheet?

Jul 11

Here's Why Hexagon Composites ASA's (OB:HEX) CEO Compensation Is The Least Of Shareholders' Concerns

Apr 21

Health Check: How Prudently Does Hexagon Composites (OB:HEX) Use Debt?

Mar 20

Shareholder Returns

	HEX	NO Machinery	NO Market
7D	-3.0%	-3.6%	1.6%
1Y	71.6%	-2.2%	2.5%

Return vs Industry: HEX exceeded the Norwegian Machinery industry which returned -2.2% over the past year.

Return vs Market: HEX exceeded the Norwegian Market which returned 2.5% over the past year.

Price Volatility

Is HEX's price volatile compared to industry and market?
HEX volatility
HEX Average Weekly Movement	7.5%
Machinery Industry Average Movement	5.9%
Market Average Movement	5.2%
10% most volatile stocks in NO Market	10.7%
10% least volatile stocks in NO Market	2.7%

Stable Share Price: HEX's share price has been volatile over the past 3 months compared to the Norwegian market.

Volatility Over Time: HEX's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.

About the Company

Founded	Employees	CEO	Website
1985	1,153	Jon Engeset	www.hexagongroup.com

Hexagon Composites ASA, together with its subsidiaries, engages in the manufacture and sale of composite pressure cylinders and fuel systems for alternative fuels worldwide. The company operates through Hexagon Agility, Hexagon Ragasco, and Hexagon Digital Wave segments. The Hexagon Agility segment provides clean fuel solutions for commercial vehicles, passenger vehicles, and gaseous energy transportation; and gas distribution solutions.

Hexagon Composites ASA Fundamentals Summary

How do Hexagon Composites's earnings and revenue compare to its market cap?
HEX fundamental statistics
Market cap	NOK 9.29b
Earnings (TTM)	-NOK 1.01b
Revenue (TTM)	NOK 5.27b

1.8x

P/S Ratio

-9.2x

P/E Ratio

Is HEX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HEX income statement (TTM)
Revenue	NOK 5.27b
Cost of Revenue	NOK 2.67b
Gross Profit	NOK 2.60b
Other Expenses	NOK 3.61b
Earnings	-NOK 1.01b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 13, 2025

Earnings per share (EPS)	-4.81
Gross Margin	49.31%
Net Profit Margin	-19.10%
Debt/Equity Ratio	26.8%

How did HEX perform over the long term?

See historical performance and comparison

HEX Stock Overview

Rewards

Risk Analysis

Hexagon Composites ASA Competitors

OB:AUTO

NOK 39.5b

OB:TOM

NOK 42.3b

OB:CAMBI

NOK 2.3b

OB:SCANA

NOK 1.3b

Price History & Performance

Recent News & Updates

Chief Financial Officer recently sold kr3.0m worth of stock

Third quarter 2024 earnings released: EPS: kr0.01 (vs kr0.79 loss in 3Q 2023)

Price target increased by 8.7% to kr53.00

Now 21% overvalued after recent price rise

Now 22% overvalued after recent price rise

New minor risk - Shareholder dilution

Recent updates

Chief Financial Officer recently sold kr3.0m worth of stock

Third quarter 2024 earnings released: EPS: kr0.01 (vs kr0.79 loss in 3Q 2023)

Price target increased by 8.7% to kr53.00

Now 21% overvalued after recent price rise

Now 22% overvalued after recent price rise

New minor risk - Shareholder dilution

Chief Financial Officer recently sold kr1.0m worth of stock

There's Reason For Concern Over Hexagon Composites ASA's (OB:HEX) Massive 29% Price Jump

Hexagon Composites (OB:HEX) Has A Somewhat Strained Balance Sheet

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

When Should You Buy Hexagon Composites ASA (OB:HEX)?

Now 22% undervalued

Price target increased by 18% to kr37.67

Worthington Enterprises, Inc. (NYSE:WOR) completed the acquisition of Hexagon Ragasco AS from Hexagon Composites ASA (OB:HEX).

Hexagon Composites ASA (OB:HEX) acquired 49% stake in Sustainable Energy Solutions business segment of Worthington Enterprises for approximately €9.2 million.

Are Investors Undervaluing Hexagon Composites ASA (OB:HEX) By 37%?

New major risk - Financial position

Consensus EPS estimates fall by 98%

First quarter 2024 earnings released: kr0.79 loss per share (vs kr0.14 profit in 1Q 2023)

Hexagon Composites ASA's (OB:HEX) Shares May Have Run Too Fast Too Soon

Hexagon Composites Announces Resignation of Jon Erik Engeset as Chief Executive Officer

Hexagon Composites Announces Resignation of Jon Erik Engeset as Chief Executive Officer

Consensus EPS estimates upgraded to kr0.39 loss, revenue downgraded

Is Hexagon Composites (OB:HEX) A Risky Investment?

Full year 2023 earnings released: EPS: kr5.66 (vs kr1.55 loss in FY 2022)

Price target decreased by 9.9% to kr32.00

Hexagon Composites ASA's (OB:HEX) Share Price Could Signal Some Risk

Hexagon Composites ASA to Report First Half, 2024 Results on Aug 15, 2024

New major risk - Revenue and earnings growth

Now 25% undervalued after recent price drop

Price target increased by 9.9% to kr39.00

A Look At The Intrinsic Value Of Hexagon Composites ASA (OB:HEX)

Price target increased by 9.6% to kr37.25

Hexagon Composites (OB:HEX) Is Carrying A Fair Bit Of Debt

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

New minor risk - Share price stability

Consensus EPS estimates upgraded to kr2.18 loss, revenue downgraded

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target decreased by 8.3% to kr37.00

Hexagon Composites (OB:HEX) Is Making Moderate Use Of Debt

Hexagon Launches Hexagon Agility Fleetcare, an Extended Aftermarket Offering At ACT Expo

Group President & CEO recently sold kr875k worth of stock

Hexagon Composites ASA (OB:HEX) Analysts Are Pretty Bullish On The Stock After Recent Results

Forecast to breakeven in 2025

Full year 2022 earnings released: kr2.12 loss per share (vs kr1.19 loss in FY 2021)

Hans Peter Havdal Joins Hexagon Composites ASA as Chief Operating Officer and Resigns Post as Board Member

Price target increased by 12% to kr37.67

Is Hexagon Composites (OB:HEX) Using Too Much Debt?

Less than half of directors are independent

Third quarter 2022 earnings released: kr0.40 loss per share (vs kr0.28 loss in 3Q 2021)

Hexagon Composites ASA to Report Q4, 2023 Results on Feb 15, 2024

Consensus forecasts updated

Price target decreased to kr36.33

Hexagon Composites Asa Revises Full Year Guidance 2022

Is Hexagon Composites (OB:HEX) Using Too Much Debt?

Consensus forecasts updated

Second quarter 2022 earnings released: kr0.57 loss per share (vs kr0.36 loss in 2Q 2021)

Hexagon Composites ASA (OB:HEX) and Hexagon Purus ASA (OB:HPUR) completed the acquisition of 40% stake in Liquid (Renewable) Natural Gas (LNG) and Liquid Hydrogen (LH2) Business from Cryoshelter Gmbh.

President of Hexagon Ragasco recently sold kr570k worth of stock