Executive Summary
HEXPOL AB (publ) develops, manufactures, and sells various polymer compounds and engineered products in Sweden and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet established dividend payer.
Similar Companies
Share Price & News
How has HEXPOL's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HPOL B is less volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: HPOL B's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-2.2%
HPOL B
-5.1%
SE Chemicals
-0.4%
SE Market
1 Year Return
-1.0%
HPOL B
3.6%
SE Chemicals
13.3%
SE Market
Return vs Industry: HPOL B underperformed the Swedish Chemicals industry which returned 4.4% over the past year.
Return vs Market: HPOL B underperformed the Swedish Market which returned 15.4% over the past year.
Shareholder returns
| HPOL B | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.2% | -5.1% | -0.4% |
| 30 Day | 4.1% | 11.3% | 4.0% |
| 90 Day | 2.7% | 4.3% | 7.8% |
| 1 Year | 1.6%-1.0% | 6.0%3.6% | 16.4%13.3% |
| 3 Year | 9.7%1.5% | 15.1%7.1% | 45.2%27.9% |
| 5 Year | 37.0%18.2% | 12.7%-2.7% | 85.8%46.5% |
Long-Term Price Volatility Vs. Market
How volatile is HEXPOL's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Did HEXPOL AB (publ) (STO:HPOL B) Insiders Sell Shares?2 weeks ago | Simply Wall St
Have HEXPOL AB (publ) (STO:HPOL B) Insiders Been Selling Their Stock?4 weeks ago | Simply Wall St
HEXPOL AB (publ) (STO:HPOL B) On An Uptrend: Could Fundamentals Be Driving The Stock?Valuation
Is HEXPOL undervalued compared to its fair value and its price relative to the market?
16.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HPOL B (SEK89.75) is trading below our estimate of fair value (SEK107.46)
Significantly Below Fair Value: HPOL B is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: HPOL B is good value based on its PE Ratio (24x) compared to the SE Chemicals industry average (26.4x).
PE vs Market: HPOL B is poor value based on its PE Ratio (24x) compared to the Swedish market (23.8x).
Price to Earnings Growth Ratio
PEG Ratio: HPOL B is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: HPOL B is good value based on its PB Ratio (3x) compared to the SE Chemicals industry average (7.2x).
Next Steps
Future Growth
How is HEXPOL forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
16.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HPOL B's forecast earnings growth (16.5% per year) is above the savings rate (0.4%).
Earnings vs Market: HPOL B's earnings (16.5% per year) are forecast to grow faster than the Swedish market (12% per year).
High Growth Earnings: HPOL B's earnings are forecast to grow, but not significantly.
Revenue vs Market: HPOL B's revenue (4.9% per year) is forecast to grow faster than the Swedish market (3.4% per year).
High Growth Revenue: HPOL B's revenue (4.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HPOL B's Return on Equity is forecast to be low in 3 years time (16.5%).
Next Steps
Past Performance
How has HEXPOL performed over the past 5 years?
1.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HPOL B has high quality earnings.
Growing Profit Margin: HPOL B's current net profit margins (9.3%) are lower than last year (10.5%).
Past Earnings Growth Analysis
Earnings Trend: HPOL B's earnings have grown by 1.9% per year over the past 5 years.
Accelerating Growth: HPOL B's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HPOL B had negative earnings growth (-20%) over the past year, making it difficult to compare to the Chemicals industry average (-12%).
Return on Equity
High ROE: HPOL B's Return on Equity (12.5%) is considered low.
Next Steps
Financial Health
How is HEXPOL's financial position?
Financial Position Analysis
Short Term Liabilities: HPOL B's short term assets (SEK4.6B) exceed its short term liabilities (SEK3.4B).
Long Term Liabilities: HPOL B's short term assets (SEK4.6B) exceed its long term liabilities (SEK2.5B).
Debt to Equity History and Analysis
Debt Level: HPOL B's debt to equity ratio (22.1%) is considered satisfactory.
Reducing Debt: HPOL B's debt to equity ratio has increased from 13.6% to 22.1% over the past 5 years.
Debt Coverage: HPOL B's debt is well covered by operating cash flow (99.2%).
Interest Coverage: HPOL B's interest payments on its debt are well covered by EBIT (37.2x coverage).
Balance Sheet
Next Steps
Dividend
What is HEXPOL current dividend yield, its reliability and sustainability?
2.56%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HPOL B's dividend (2.56%) is higher than the bottom 25% of dividend payers in the Swedish market (0.93%).
High Dividend: HPOL B's dividend (2.56%) is low compared to the top 25% of dividend payers in the Swedish market (3.54%).
Stability and Growth of Payments
Stable Dividend: HPOL B's dividends per share have been stable in the past 10 years.
Growing Dividend: HPOL B's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (61.4%), HPOL B's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HPOL B's dividends in 3 years are forecast to be covered by earnings (51.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.2yrs
Average management tenure
CEO
Georg Brunstam (63 yo)
0.17
Tenure
kr1,000,000
Compensation
Mr. Georg Brunstam serves as Chairman of the Board at AAK AB (publ.) since May 30, 2018. He has been President and Chief Executive Officer of HEXPOL AB (publ) since November 20, 2020. He serves as the Pres...
CEO Compensation Analysis
Compensation vs Market: Georg's total compensation ($USD119.43K) is below average for companies of similar size in the Swedish market ($USD1.09M).
Compensation vs Earnings: Georg's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 0.17yr | kr1.00m | 0.27% SEK 86.8m | |
| President of RheTech Compounding & RheTech Colors & RheTech Engineered Plastics - USA | no data | no data | no data | |
| Deputy CEO & CFO | 1.17yrs | no data | 0.0049% SEK 1.6m | |
| Senior Vice President of Strategy | 1.92yrs | no data | 0.0049% SEK 1.6m | |
| Chief Operating Officer of HEXPOL Compounding - NAFTA | no data | no data | no data | |
| Managing Director of HEXPOL Compounding UK | no data | no data | no data | |
| Managing Director of HEXPOL Compounding Czech Republic | no data | no data | no data | |
| Managing Director of Goldkey Processing - USA | no data | no data | no data | |
| Managing Director of HEXPOL Compounding Belgium and Germany | no data | no data | no data | |
| MD of Elastomeric Wheels - Sri Lanka and MD of Gislaved Gummi Lanka - Sri Lanka | no data | no data | no data | |
| Managing Director of Gislaved Gummi China | no data | no data | no data | |
| Managing Director of Stellana China | no data | no data | no data |
1.2yrs
Average Tenure
52yo
Average Age
Experienced Management: HPOL B's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 3.67yrs | kr640.00k | 0.0014% SEK 458.2k | |
| Independent Director | 14yrs | kr515.00k | no data | |
| Independent Chairman | 0.17yr | kr390.00k | 0.00087% SEK 274.9k | |
| Independent Director | 13yrs | kr390.00k | no data | |
| Independent Director | 4.75yrs | kr390.00k | 0.0014% SEK 458.2k | |
| Independent Director | 7yrs | kr565.00k | no data |
5.9yrs
Average Tenure
58yo
Average Age
Experienced Board: HPOL B's board of directors are considered experienced (5.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: HPOL B insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
HEXPOL AB (publ)'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: HEXPOL AB (publ)
- Ticker: HPOL B
- Exchange: OM
- Founded: 1893
- Industry: Specialty Chemicals
- Sector: Materials
- Market Cap: kr31.598b
- Shares outstanding: 344.20m
- Website: https://www.hexpol.com
Number of Employees
Location
- HEXPOL AB (publ)
- Skeppsbron 3
- Malmö
- Skåne County
- 211 20
- Sweden
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HPOL B | OM (OMX Nordic Exchange Stockholm) | Yes | Class B Shares | SE | SEK | Jun 2008 |
| 4QT1 | DB (Deutsche Boerse AG) | Yes | Class B Shares | DE | EUR | Jun 2008 |
| 0R7O | LSE (London Stock Exchange) | Yes | Class B Shares | GB | SEK | Jun 2008 |
| HXPL.F | OTCPK (Pink Sheets LLC) | Yes | Class B Shares | US | USD | Jun 2008 |
| HPOLBS | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Class B Shares | GB | SEK | Jun 2008 |
| HXXP.Y | OTCPK (Pink Sheets LLC) | UNSPONSORED ADR | US | USD | Nov 2015 |
Biography
HEXPOL AB (publ) develops, manufactures, and sells various polymer compounds and engineered products in Sweden and internationally. It operates through two business areas, HEXPOL Compounding and HEXPOL Eng...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/15 18:47 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.