Hexagon Composites ASA

OB:HEX Stock Report

Market Cap: NOK 9.1b

Hexagon Composites Management

Management criteria checks 1/4

Hexagon Composites' CEO is Jon Engeset, appointed in Jan 2013, has a tenure of 11.92 years. directly owns 0.12% of the company’s shares, worth NOK11.29M. The average tenure of the management team and the board of directors is 3.8 years and 2.3 years respectively.

Key information

Jon Engeset

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure11.9yrs
CEO ownership0.1%
Management average tenure3.8yrs
Board average tenure2.3yrs

Recent management updates

Recent updates

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

Aug 20
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

Aug 17
Hexagon Composites (OB:HEX) Has A Somewhat Strained Balance Sheet

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

Jul 19
When Should You Buy Hexagon Composites ASA (OB:HEX)?

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

May 29
Are Investors Undervaluing Hexagon Composites ASA (OB:HEX) By 37%?

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

May 08
Hexagon Composites ASA's (OB:HEX) Shares May Have Run Too Fast Too Soon

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

Mar 07
Is Hexagon Composites (OB:HEX) A Risky Investment?

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

Jan 03
Hexagon Composites ASA's (OB:HEX) Share Price Could Signal Some Risk

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

Sep 19
A Look At The Intrinsic Value Of Hexagon Composites ASA (OB:HEX)

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

Aug 20
Hexagon Composites (OB:HEX) Is Carrying A Fair Bit Of Debt

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

May 09
Hexagon Composites (OB:HEX) Is Making Moderate Use Of Debt

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

Feb 19
Hexagon Composites ASA (OB:HEX) Analysts Are Pretty Bullish On The Stock After Recent Results

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

Feb 06
Is Hexagon Composites (OB:HEX) Using Too Much Debt?

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

Sep 24
Is Hexagon Composites (OB:HEX) Using Too Much Debt?

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

Jun 12
Does Hexagon Composites (OB:HEX) Have A Healthy Balance Sheet?

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

Feb 18
Here's Why Hexagon Composites (OB:HEX) Can Afford Some Debt

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

Oct 26
Hexagon Composites (OB:HEX) Has Debt But No Earnings; Should You Worry?

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

Jul 11
Does Hexagon Composites (OB:HEX) Have A Healthy Balance Sheet?

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

Apr 21
Here's Why Hexagon Composites ASA's (OB:HEX) CEO Compensation Is The Least Of Shareholders' Concerns

CEO Compensation Analysis

How has Jon Engeset's remuneration changed compared to Hexagon Composites's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-NOK 1b

Jun 30 2024n/an/a

-NOK 1b

Mar 31 2024n/an/a

-NOK 997m

Dec 31 2023n/an/a

-NOK 844m

Sep 30 2023n/an/a

-NOK 54m

Jun 30 2023n/an/a

NOK 99m

Mar 31 2023n/an/a

NOK 70m

Dec 31 2022NOK 9mNOK 3m

NOK 120m

Sep 30 2022n/an/a

NOK 509k

Jun 30 2022n/an/a

-NOK 40m

Mar 31 2022n/an/a

-NOK 133m

Dec 31 2021NOK 9mNOK 3m

-NOK 237m

Sep 30 2021n/an/a

-NOK 235m

Jun 30 2021n/an/a

-NOK 244m

Mar 31 2021n/an/a

-NOK 270m

Dec 31 2020NOK 8mNOK 4m

-NOK 141m

Sep 30 2020n/an/a

-NOK 51m

Jun 30 2020n/an/a

NOK 51m

Mar 31 2020n/an/a

NOK 101m

Dec 31 2019NOK 7mNOK 4m

NOK 107m

Sep 30 2019n/an/a

NOK 120m

Jun 30 2019n/an/a

NOK 97m

Mar 31 2019n/an/a

NOK 187m

Dec 31 2018NOK 6mNOK 4m

NOK 141m

Sep 30 2018n/an/a

NOK 149m

Jun 30 2018n/an/a

NOK 133m

Mar 31 2018n/an/a

NOK 85m

Dec 31 2017NOK 7mNOK 3m

NOK 69m

Compensation vs Market: Insufficient data to establish whether Jon's total compensation is reasonable compared to companies of similar size in the Norwegian market.

Compensation vs Earnings: Jon's compensation has increased whilst the company is unprofitable.

CEO

Jon Engeset

11.9yrs

Tenure

NOK 9,343,000

Compensation

Mr. Jon Erik Engeset serves as Chief Executive Officer at Hexagon Composites ASA. He had been Group President at Hexagon Composites ASA until April 2024. Mr. Engeset served as Chief Executive Officer of Sa...

Leadership Team

NamePositionTenureCompensationOwnership
Jon Engeset
Chief Executive Officer11.9yrsNOK 9.34m0.12%
NOK 11.3m
David Bandele
Chief Financial Officer10.9yrsNOK 4.80m0.048%
NOK 4.3m
Hans Havdal
Group Chief Operating Officer1.8yrsNOK 311.00k0.0019%
NOK 169.4k
Karen Romer
Senior Vice President of Communications4.6yrsNOK 3.48m0.0074%
NOK 676.6k
Skjalg Stavheim
President of Hexagon Ragascono dataNOK 4.93mno data
Rick Rashilla
Senior Vice President of Sustainability2.9yrsNOK 5.00m0.023%
NOK 2.1m
Morten Holum
CEO & President of Hexagon Purus4.8yrsNOK 7.11mno data
George Siedlecki
Acting President Digital Waveno dataNOK 5.76m0.054%
NOK 4.9m
Gunnar Engkrog
Head of Group Accountingno datano datano data
Ingrid Aarsnes
Vice President of Investor Relations & ESGno datano datano data
Ashley Remillard
Senior Vice President of Legal & Government Affairs1.8yrsno data0.0047%
NOK 426.2k
Eirik Lohre
Vice President of Corporate Development1.8yrsno data0.0067%
NOK 608.3k

3.8yrs

Average Tenure

60yo

Average Age

Experienced Management: HEX's management team is considered experienced (3.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Knut Flakk
Chairman24.9yrsNOK 1.02m7.58%
NOK 689.9m
Kristine Landmark
Independent Deputy Chair13.9yrsNOK 465.00k0.0048%
NOK 434.4k
Sam Gabbita
Independent Director2.3yrsno datano data
Joachim Magnusson
Independent Director1.5yrsno datano data
Liv Hovem
Independent Director4.7yrsNOK 352.00kno data
Eva Sagemo
Directorless than a yearno datano data
Tatayuki Tsunashima
Directorless than a yearno datano data

2.3yrs

Average Tenure

61.5yo

Average Age

Experienced Board: HEX's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 19:46
End of Day Share Price 2024/12/20 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 Composites ASA is covered by 9 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.

AnalystInstitution
Fabian JorgensenCarnegie Investment Bank AB
Elliott Geoffrey JonesDanske Bank
null nullDanske Bank