Hexagon Composites (HEX) Stock Overview
Provides alternative fuel systems and solutions to commercial vehicles and gas distribution companies worldwide. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 5/6 |
| Past Performance | 0/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
HEX Community Fair Values
Create NarrativeSee what 22 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Hexagon Composites ASA Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NOK 12.51 |
| 52 Week High | NOK 15.00 |
| 52 Week Low | NOK 6.30 |
| Beta | 0.75 |
| 1 Month Change | -8.22% |
| 3 Month Change | 44.29% |
| 1 Year Change | 2.71% |
| 3 Year Change | -63.40% |
| 5 Year Change | -60.29% |
| Change since IPO | -26.41% |
Recent News & Updates
Narrative Update • Sep 04
HEX: Refinancing Will Support Stronger Funding And Future Contract Execution
Analysts have raised their fair value estimate for Hexagon Composites from NOK 17.50 to NOK 20.25, citing the recent refinancing, which they see as leaving the company better funded and supporting a higher price target such as the NOK 17 level highlighted in recent research. What’s in the News for Hexagon Composites Hexagon Composites issued earnings guidance for 2026, indicating an expectation that revenue growth will be moderately above last year’s level.
Narrative Update • Aug 21
HEX: Future Bus Contract And Refinancing Will Support Stronger Outlook
Analysts have refreshed their view on Hexagon Composites with a revised fair value estimate shifting from NOK 38.00 to NOK 24.00, citing updated assumptions and pointing to improved funding conditions. These were referenced in recent research that included a NOK 17.00 price target and a move to a Buy rating.Analysis Article • Aug 09
Hexagon Composites ASA (OB:HEX) Just Reported Second-Quarter Earnings And Analysts Are Lifting Their Estimates
The investors in Hexagon Composites ASA 's ( OB:HEX ) will be rubbing their hands together with glee today, after the...
Narrative Update • Aug 07
HEX: Refinancing And IVECO Agreement Will Shape A More Balanced Outlook
Analysts have raised their fair value estimate for Hexagon Composites from NOK 9.0 to NOK 13.5, reflecting updated assumptions on funding strength after the recent refinancing and a higher NOK 17 price target cited in recent research. What’s in the News for Hexagon Composites Hexagon Composites ASA reported that Hexagon Agility signed an exclusive long term agreement with IVECO BUS to supply compressed natural gas fuel systems and Type 4 carbon fiber cylinders for IVECO’s global CNG bus range.Recent updates
Narrative Update • Sep 04
HEX: Refinancing Will Support Stronger Funding And Future Contract Execution
Analysts have raised their fair value estimate for Hexagon Composites from NOK 17.50 to NOK 20.25, citing the recent refinancing, which they see as leaving the company better funded and supporting a higher price target such as the NOK 17 level highlighted in recent research. What’s in the News for Hexagon Composites Hexagon Composites issued earnings guidance for 2026, indicating an expectation that revenue growth will be moderately above last year’s level.Narrative Update • Aug 21
HEX: Future Bus Contract And Refinancing Will Support Stronger Outlook
Analysts have refreshed their view on Hexagon Composites with a revised fair value estimate shifting from NOK 38.00 to NOK 24.00, citing updated assumptions and pointing to improved funding conditions. These were referenced in recent research that included a NOK 17.00 price target and a move to a Buy rating.Analysis Article • Aug 09
Hexagon Composites ASA (OB:HEX) Just Reported Second-Quarter Earnings And Analysts Are Lifting Their Estimates
The investors in Hexagon Composites ASA 's ( OB:HEX ) will be rubbing their hands together with glee today, after the...Narrative Update • Aug 07
HEX: Refinancing And IVECO Agreement Will Shape A More Balanced Outlook
Analysts have raised their fair value estimate for Hexagon Composites from NOK 9.0 to NOK 13.5, reflecting updated assumptions on funding strength after the recent refinancing and a higher NOK 17 price target cited in recent research. What’s in the News for Hexagon Composites Hexagon Composites ASA reported that Hexagon Agility signed an exclusive long term agreement with IVECO BUS to supply compressed natural gas fuel systems and Type 4 carbon fiber cylinders for IVECO’s global CNG bus range.Analysis Article • Feb 15
Hexagon Composites ASA (OB:HEX) Consensus Forecasts Have Become A Little Darker Since Its Latest Report
Last week saw the newest full-year earnings release from Hexagon Composites ASA ( OB:HEX ), an important milestone in...Analysis Article • Feb 14
What You Need To Know About The Hexagon Composites ASA (OB:HEX) Analyst Downgrade Today
Today is shaping up negative for Hexagon Composites ASA ( OB:HEX ) shareholders, with the analysts delivering a...Analysis Article • Jan 13
Does Hexagon Composites (OB:HEX) Have A Healthy Balance Sheet?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Nov 07
Benign Growth For Hexagon Composites ASA (OB:HEX) Underpins Stock's 32% Plummet
Unfortunately for some shareholders, the Hexagon Composites ASA ( OB:HEX ) share price has dived 32% in the last thirty...Analysis Article • Sep 19
Some Hexagon Composites ASA (OB:HEX) Shareholders Look For Exit As Shares Take 29% Pounding
Hexagon Composites ASA ( OB:HEX ) shareholders that were waiting for something to happen have been dealt a blow with a...Analysis Article • Sep 18
Hexagon Composites (OB:HEX) Takes On Some Risk With Its Use Of Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Aug 15
Analysts Have Just Cut Their Hexagon Composites ASA (OB:HEX) Revenue Estimates By 24%
OB:HEX 1 Year Share Price vs Fair Value Explore Hexagon Composites's Fair Values from the Community and select yours...Analysis Article • Mar 29
Hexagon Composites ASA (OB:HEX) Stocks Pounded By 26% But Not Lagging Industry On Growth Or Pricing
To the annoyance of some shareholders, Hexagon Composites ASA ( OB:HEX ) shares are down a considerable 26% in the last...Analysis Article • Jan 30
Take Care Before Diving Into The Deep End On Hexagon Composites ASA (OB:HEX)
There wouldn't be many who think Hexagon Composites ASA's ( OB:HEX ) price-to-sales (or "P/S") ratio of 1.5x is worth a...Analysis Article • Aug 20
There's Reason For Concern Over Hexagon Composites ASA's (OB:HEX) Massive 29% Price Jump
Hexagon Composites ASA ( OB:HEX ) shares have continued their recent momentum with a 29% gain in the last month alone...Analysis Article • Aug 17
Hexagon Composites (OB:HEX) Has A Somewhat Strained Balance Sheet
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Jul 19
When Should You Buy Hexagon Composites ASA (OB:HEX)?
Hexagon Composites ASA ( OB:HEX ), is not the largest company out there, but it received a lot of attention from a...Analysis Article • May 29
Are Investors Undervaluing Hexagon Composites ASA (OB:HEX) By 37%?
Key Insights Hexagon Composites' estimated fair value is kr42.36 based on 2 Stage Free Cash Flow to Equity Current...Analysis Article • May 08
Hexagon Composites ASA's (OB:HEX) Shares May Have Run Too Fast Too Soon
It's not a stretch to say that Hexagon Composites ASA's ( OB:HEX ) price-to-sales (or "P/S") ratio of 0.7x right now...Analysis Article • Mar 07
Is Hexagon Composites (OB:HEX) A Risky Investment?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Jan 03
Hexagon Composites ASA's (OB:HEX) Share Price Could Signal Some Risk
It's not a stretch to say that Hexagon Composites ASA's ( OB:HEX ) price-to-sales (or "P/S") ratio of 1x right now...Shareholder Returns
| HEX | NO Machinery | NO Market | |
|---|---|---|---|
| 7D | -6.0% | -1.0% | 0.4% |
| 1Y | 2.7% | 4.7% | 23.6% |
Return vs Industry: HEX underperformed the Norwegian Machinery industry which returned 4.7% over the past year.
Return vs Market: HEX underperformed the Norwegian Market which returned 23.6% over the past year.
Price Volatility
| HEX volatility | |
|---|---|
| HEX Average Weekly Movement | 10.2% |
| Machinery Industry Average Movement | 4.7% |
| Market Average Movement | 4.6% |
| 10% most volatile stocks in NO Market | 10.6% |
| 10% least volatile stocks in NO Market | 2.5% |
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 (10%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1985 | 850 | Philipp Schramm | www.hexagongroup.com |
Hexagon Composites ASA, together with its subsidiaries, provides alternative fuel systems and solutions to commercial vehicles and gas distribution companies worldwide. The company operates in Hexagon Agility and Hexagon Digital Wave segments. It offers cylinder testing and monitoring technologies.
Hexagon Composites ASA Fundamentals Summary
| HEX fundamental statistics | |
|---|---|
| Market cap | NOK 4.11b |
| Earnings (TTM) | -NOK 621.06m |
| Revenue (TTM) | NOK 2.66b |
1.6x
P/S Ratio-6.7x
P/E RatioIs HEX overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| HEX income statement (TTM) | |
|---|---|
| Revenue | NOK 2.66b |
| Cost of Revenue | NOK 1.23b |
| Gross Profit | NOK 1.42b |
| Other Expenses | NOK 2.04b |
| Earnings | -NOK 621.06m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
Nov 05, 2026
| Earnings per share (EPS) | -1.87 |
| Gross Margin | 53.59% |
| Net Profit Margin | -23.38% |
| Debt/Equity Ratio | 34.1% |
How did HEX perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/17 17:08 |
| End of Day Share Price | 2026/09/17 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
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 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 Github.
Analyst Sources
Hexagon Composites ASA is covered by 7 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Fabian Jørgensen | Carnegie Investment Bank AB |
| Elliott Geoffrey Jones | Danske Bank |
| Helene Brondbo | DNB Carnegie |