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.
Moderate growth potential with questionable track record.
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's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: HEX exceeded the Norwegian Machinery industry which returned 8.5% over the past year.
Return vs Market: HEX exceeded the Norwegian Market which returned -17.5% 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
1 day ago | Simply Wall StWhat Type Of Shareholders Own The Most Number of Hexagon Composites ASA (OB:HEX) Shares?
2 weeks ago | Simply Wall StHexagon Composites ASA's (OB:HEX) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?
1 month ago | Simply Wall StIs Hexagon Composites ASA's (OB:HEX) CEO Pay Justified?
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 (NOK46.46) is trading above our estimate of fair value (NOK21.2)
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 (79.5x) compared to the Machinery industry average (15.7x).
PE vs Market: HEX is poor value based on its PE Ratio (79.5x) compared to the Norwegian market (14.6x).
Price to Earnings Growth Ratio
PEG Ratio: HEX is poor value based on its PEG Ratio (2.7x)
Price to Book Ratio
PB vs Industry: HEX is overvalued based on its PB Ratio (3.6x) compared to the NO Machinery industry average (1.8x).
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 (29.5% per year) is above the savings rate (1.6%).
Earnings vs Market: HEX's earnings (29.5% per year) are forecast to grow slower than the Norwegian market (37.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: HEX's revenue (14.5% per year) is forecast to grow faster than the Norwegian market (5.8% per year).
High Growth Revenue: HEX's revenue (14.5% 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 (7.3%).
How has Hexagon Composites performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HEX has high quality earnings.
Growing Profit Margin: HEX's current net profit margins (3%) are lower than last year (9.8%).
Past Earnings Growth Analysis
Earnings Trend: HEX's earnings have grown by 11.9% 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 (-45.5%) over the past year, making it difficult to compare to the Machinery industry average (-10.9%).
Return on Equity
High ROE: HEX's Return on Equity (4.3%) is considered low.
How is Hexagon Composites's financial position?
Financial Position Analysis
Short Term Liabilities: HEX's short term assets (NOK1.6B) exceed its short term liabilities (NOK898.1M).
Long Term Liabilities: HEX's short term assets (NOK1.6B) do not cover its long term liabilities (NOK2.2B).
Debt to Equity History and Analysis
Debt Level: HEX's debt to equity ratio (62.9%) is considered high.
Reducing Debt: HEX's debt to equity ratio has increased from 54.9% to 62.9% over the past 5 years.
Debt Coverage: HEX's debt is not well covered by operating cash flow (8.8%).
Interest Coverage: HEX's interest payments on its debt are not well covered by EBIT (0x coverage).
What is Hexagon Composites's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
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 ($USD723.67K) is about average for companies of similar size in the Norwegian market ($USD565.62K).
Compensation vs Earnings: Jon's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|President & CEO||no data||kr6.82m||0.15% NOK12.2m|
|Chief Financial Officer||6.5yrs||kr3.96m||0.049% NOK4.1m|
|Executive Vice President of Operations||0.33yr||kr4.33m||no data|
|Executive Vice President||no data||kr5.05m||0.077% NOK6.5m|
|President of Hexagon Ragasco||no data||kr4.13m||0.057% NOK4.8m|
|President of Agility Fuel Solutions||1.5yrs||kr6.17m||no data|
|President of Hexagon Purus||0.33yr||kr817.00k||0.0044% NOK372.1k|
|Head of Group Accounting||no data||no data||no data|
|Senior Vice President of Communications||0.17yr||no data||no data|
|Senior VP of Organizational Development||no data||no data||no data|
Experienced Management: HEX's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.
|Chairman||no data||kr585.00k||15.47% NOK1.3b|
|Independent Deputy Chair||no data||kr320.00k||0.0055% NOK464.9k|
|Independent Board Member||3.25yrs||kr200.00k||no data|
|Director||0.25yr||no data||no data|
|Board Member||3.67yrs||no data||no data|
|Board Member||0.25yr||no data||no data|
Experienced Board: HEX's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
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 not been meaningfully diluted in the past year.
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: kr8.437b
- Shares outstanding: 181.60m
- 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, Norway, and internationally. The company operates through four segments: Agility Fuel Solutions, Hexagon Purus, Hexagon Mobile Pipeline & Other, and Hexagon Ragasco LPG. It provides compressed natural gas, liquid natural gas, and propane hydrogen fuel systems, as well as type 4 composite cylinders for medium and heavy-duty commercial vehicles. 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||2020/07/08 20:55|
|End of Day Share Price||2020/07/08 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.