Hexagon Composites ASA, together with its subsidiaries, designs, develops, manufactures, and sells composite pressure cylinders for mobility, industrial, and consumer applications in Europe, North America, South-East Asia, the Middle East, and internationally.
Reasonable growth potential with imperfect balance sheet.
Share Price & News
How has Hexagon Composites's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HEX has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: HEX exceeded the Norwegian Machinery industry which returned 0.7% over the past year.
Return vs Market: HEX exceeded the Norwegian Market which returned -0.7% over the past year.
Price Volatility Vs. Market
How volatile is Hexagon Composites's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall StDoes Hexagon Composites ASA's (OB:HEX) CEO Pay Reflect Performance?
2 weeks ago | Simply Wall StHere's What Hexagon Composites ASA's (OB:HEX) P/E Is Telling Us
4 weeks ago | Simply Wall StHow Do Hexagon Composites ASA’s (OB:HEX) Returns Compare To Its Industry?
Is Hexagon Composites undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HEX (NOK34.8) is trading above our estimate of fair value (NOK17.47)
Significantly Below Fair Value: HEX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HEX is poor value based on its PE Ratio (55.2x) compared to the Machinery industry average (17.3x).
PE vs Market: HEX is poor value based on its PE Ratio (55.2x) compared to the Norwegian market (15.7x).
Price to Earnings Growth Ratio
PEG Ratio: HEX is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: HEX is overvalued based on its PB Ratio (2.9x) compared to the NO Machinery industry average (1.1x).
How is Hexagon Composites forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HEX's forecast earnings growth (37.5% per year) is above the savings rate (0.7%).
Earnings vs Market: HEX's earnings (37.5% per year) are forecast to grow faster than the Norwegian market (18.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: HEX's revenue (15.7% per year) is forecast to grow faster than the Norwegian market (3.3% per year).
High Growth Revenue: HEX's revenue (15.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HEX's Return on Equity is forecast to be low in 3 years time (10.1%).
How has Hexagon Composites performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HEX has a large one-off gain of NOK69.6M impacting its December 31 2019 financial results.
Growing Profit Margin: HEX's current net profit margins (3.2%) are lower than last year (9.5%).
Past Earnings Growth Analysis
Earnings Trend: HEX's earnings have grown by 10.1% per year over the past 5 years.
Accelerating Growth: HEX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HEX had negative earnings growth (-23.6%) over the past year, making it difficult to compare to the Machinery industry average (-4.4%).
Return on Equity
High ROE: HEX's Return on Equity (5%) is considered low.
Return on Assets
Return on Capital Employed
How is Hexagon Composites's financial position?
Financial Position Analysis
Short Term Liabilities: HEX's short term assets (NOK1.5B) exceed its short term liabilities (NOK855.0M).
Long Term Liabilities: HEX's short term assets (NOK1.5B) do not cover its long term liabilities (NOK1.6B).
Debt to Equity History and Analysis
Debt Level: HEX's debt to equity ratio (58.2%) is considered high.
Reducing Debt: HEX's debt to equity ratio has reduced from 62.4% to 58.2% over the past 5 years.
Debt Coverage: HEX's debt is not well covered by operating cash flow (12.2%).
Interest Coverage: HEX's interest payments on its debt are not well covered by EBIT (0.6x coverage).
Inventory Level: HEX has a high level of physical assets or inventory.
Debt Coverage by Assets: HEX's debt is covered by short term assets (assets are 1.2x debt).
What is Hexagon Composites's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate HEX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate HEX's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if HEX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if HEX's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: HEX is not paying a notable dividend for the Norwegian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of HEX's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jon Engeset 0
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. Pri ...
CEO Compensation Analysis
Compensation vs Market: Jon's total compensation ($USD604.00K) is about average for companies of similar size in the Norwegian market ($USD567.74K).
Compensation vs Earnings: Jon's compensation has been consistent with company performance over the past year.
|President & CEO||0yrs||kr5.60m||0.15% NOK9.2m|
|Chief Financial Officer||6.1yrs||kr3.14m||0.049% NOK3.1m|
|Executive Vice President||0yrs||kr3.75m||0.054% NOK3.4m|
|President of Hexagon Ragasco||0yrs||kr3.69m||0.036% NOK2.3m|
|President of Hexagon Purus||0yrs||kr3.23m||0.023% NOK1.4m|
|Executive Vice President of Operations||1.1yrs||kr2.07m||no data|
|Chief Operating Officer||0.4yrs||no data||no data|
|Head of Group Accounting||0yrs||no data||no data|
|Vice President of Investor Relations||1.8yrs||no data||no data|
|Head of Hydrogen Business Development||3.9yrs||no data||0.032% NOK2.0m|
Experienced Management: HEX's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: HEX insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4%.
Hexagon Composites ASA's company bio, employee growth, exchange listings and data sources
- Name: Hexagon Composites ASA
- Ticker: HEX
- Exchange: OB
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: kr6.319b
- Shares outstanding: 181.57m
- Website: https://www.hexagongroup.com
Number of Employees
- Hexagon Composites ASA
- Korsegata 4B
- PO Box 836
- Møre og Romsdal
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HEX||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Jan 1997|
|0EOF||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||NOK||Jan 1997|
|HXGC.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 1997|
|2HX||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1997|
|HEXO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||Jan 1997|
Hexagon Composites ASA, together with its subsidiaries, designs, develops, manufactures, and sells composite pressure cylinders for mobility, industrial, and consumer applications in Europe, North America, South-East Asia, the Middle East, and internationally. It operates through Hexagon Purus, Hexagon Mobile Pipeline & Other, and Hexagon Ragasco LPG segments. The company develops and supplies high-pressure composite cylinders and solutions for a range of hydrogen applications, as well as compressed natural gas (CNG) fueled light-duty vehicles; and high-pressure composite storage and transportation cylinders and modules for CNG and biogas. It also manufactures low-pressure composite cylinders for propane gas. The company is headquartered in Ålesund, Norway.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 20:40|
|End of Day Share Price||2020/02/21 00:00|
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.