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Hexagon Composites

Market Cap

kr7.9b

Last Updated

2021/05/12 01:08 UTC

Data Sources

Company Financials +

Executive Summary

Hexagon Composites ASA, together with its subsidiaries, produces and sells composite pressure cylinders and fuel systems for mobility, industrial, and consumer applications in Norway, Europe, North America, South-East Asia, the Middle East, and internationally. More Details


Snowflake Analysis

Adequate balance sheet and overvalued.


Similar Companies

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 is more volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: HEX's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.


Market Performance


7 Day Return

-9.6%

HEX

-6.8%

NO Machinery

0.4%

NO Market


1 Year Return

41.0%

HEX

51.1%

NO Machinery

38.2%

NO Market

Return vs Industry: HEX underperformed the Norwegian Machinery industry which returned 51.1% over the past year.

Return vs Market: HEX exceeded the Norwegian Market which returned 38.2% over the past year.


Shareholder returns

HEXIndustryMarket
7 Day-9.6%-6.8%0.4%
30 Day-13.5%-15.8%1.0%
90 Day-41.3%-31.5%4.7%
1 Year55.5%41.0%59.9%51.1%43.7%38.2%
3 Year101.6%82.8%82.5%62.0%14.6%2.0%
5 Year100.2%79.1%73.7%48.5%80.0%46.8%

Long-Term 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

Valuation

Is Hexagon Composites undervalued compared to its fair value and its price relative to the market?

2.47x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate HEX's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate HEX's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: HEX is unprofitable, so we can't compare its PE Ratio to the European Machinery industry average.

PE vs Market: HEX is unprofitable, so we can't compare its PE Ratio to the Norwegian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HEX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HEX is good value based on its PB Ratio (2.5x) compared to the NO Machinery industry average (2.6x).


Future Growth

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

22.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HEX is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: HEX is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: HEX is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: HEX's revenue (18.2% per year) is forecast to grow faster than the Norwegian market (4.8% per year).

High Growth Revenue: HEX's revenue (18.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HEX is forecast to be unprofitable in 3 years.


Past Performance

How has Hexagon Composites performed over the past 5 years?

-9.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HEX is currently unprofitable.

Growing Profit Margin: HEX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HEX is unprofitable, and losses have increased over the past 5 years at a rate of 9.4% per year.

Accelerating Growth: Unable to compare HEX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HEX is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (-10.7%).


Return on Equity

High ROE: HEX has a negative Return on Equity (-4.11%), as it is currently unprofitable.


Financial Health

How is Hexagon Composites's financial position?


Financial Position Analysis

Short Term Liabilities: HEX's short term assets (NOK3.0B) exceed its short term liabilities (NOK939.0M).

Long Term Liabilities: HEX's short term assets (NOK3.0B) exceed its long term liabilities (NOK1.6B).


Debt to Equity History and Analysis

Debt Level: HEX's debt to equity ratio (33.5%) is considered satisfactory.

Reducing Debt: HEX's debt to equity ratio has reduced from 82.1% to 33.5% over the past 5 years.

Debt Coverage: HEX's debt is not well covered by operating cash flow (19%).

Interest Coverage: Insufficient data to determine if HEX's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate HEX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate HEX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

Jon Engeset

no data

Tenure

kr7,990,000

Compensation

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 ($USD968.87K) is above average for companies of similar size in the Norwegian market ($USD645.39K).

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


Leadership Team

Experienced Management: HEX's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: HEX's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.3%.


Top Shareholders

Company Information

Hexagon Composites ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hexagon Composites ASA
  • Ticker: HEX
  • Exchange: OB
  • Founded: NaN
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: kr7.876b
  • Shares outstanding: 199.89m
  • Website: https://www.hexagongroup.com

Number of Employees


Location

  • Hexagon Composites ASA
  • Korsegata 4B
  • PO Box 836
  • Ålesund
  • Møre og Romsdal
  • 6002
  • Norway

Listings


Biography

Hexagon Composites ASA, together with its subsidiaries, produces and sells composite pressure cylinders and fuel systems for mobility, industrial, and consumer applications in Norway, Europe, North America...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/12 01:08
End of Day Share Price2021/05/11 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.