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Hexagon

OM:HEXA B
Snowflake Description

Adequate balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HEXA B
OM
SEK189B
Market Cap
  1. Home
  2. SE
  3. Tech
Company description

Hexagon AB (publ) provides information technology solutions for geospatial and industrial landscapes worldwide. The last earnings update was 31 days ago. More info.


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HEXA B Share Price and Events
7 Day Returns
3.1%
OM:HEXA B
1.8%
SE Electronic
0.5%
SE Market
1 Year Returns
0.8%
OM:HEXA B
3.5%
SE Electronic
5%
SE Market
HEXA B Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hexagon (HEXA B) 3.1% 7.6% 16.2% 0.8% 56% 148.3%
SE Electronic 1.8% 5.1% 18% 3.5% 24.3% 121.4%
SE Market 0.5% 2.8% 10.8% 5% 12.4% 25.2%
1 Year Return vs Industry and Market
  • HEXA B underperformed the Electronic industry which returned 3.5% over the past year.
  • HEXA B underperformed the Market in Sweden which returned 5% over the past year.
Price Volatility
HEXA B
Industry
5yr Volatility vs Market

Value

 Is Hexagon undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Hexagon to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hexagon.

OM:HEXA B Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year SE Government Bond Rate 0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OM:HEXA B
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SE Govt Bond Rate 0.4%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.067 (1 + (1- 22%) (13.07%))
1.118
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.43% + (1.118 * 5.96%)
7.1%

Discounted Cash Flow Calculation for OM:HEXA B using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hexagon is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OM:HEXA B DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.1%)
2019 732.63 Analyst x8 684.08
2020 826.10 Analyst x8 720.25
2021 935.92 Analyst x6 761.93
2022 1,018.85 Est @ 8.86% 774.49
2023 1,083.38 Est @ 6.33% 768.98
2024 1,132.82 Est @ 4.56% 750.80
2025 1,170.49 Est @ 3.32% 724.36
2026 1,199.25 Est @ 2.46% 692.99
2027 1,221.45 Est @ 1.85% 659.04
2028 1,238.86 Est @ 1.43% 624.15
Present value of next 10 years cash flows €7,161.08
OM:HEXA B DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €1,238.86 × (1 + 0.43%) ÷ (7.1% – 0.43%)
€18,677.52
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €18,677.52 ÷ (1 + 7.1%)10
€9,409.93
OM:HEXA B Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €7,161.08 + €9,409.93
€16,571.01
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €16,571.01 / 362.96
€45.66
OM:HEXA B Discount to Share Price
Calculation Result
Exchange Rate EUR/SEK
(Reporting currency to currency of OM:HEXA B)
10.459
Value per Share
(SEK)
= Value per Share in EUR x Exchange Rate (EUR/SEK)
= €45.66 x 10.459
SEK477.52
Value per share (SEK) From above. SEK477.52
Current discount Discount to share price of SEK519.40
= -1 x (SEK519.40 - SEK477.52) / SEK477.52
-8.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Hexagon is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hexagon's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hexagon's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:HEXA B PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €2.02
OM:HEXA B Share Price ** OM (2019-04-18) in SEK SEK519.4
OM:HEXA B Share Price converted to EUR reporting currency Exchange rate (SEK/ EUR) 0.096 €49.66
Sweden Electronic Industry PE Ratio Median Figure of 17 Publicly-Listed Electronic Companies 21.57x
Sweden Market PE Ratio Median Figure of 323 Publicly-Listed Companies 16.95x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hexagon.

OM:HEXA B PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:HEXA B Share Price ÷ EPS (both in EUR)

= 49.66 ÷ 2.02

24.55x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hexagon is overvalued based on earnings compared to the SE Electronic industry average.
  • Hexagon is overvalued based on earnings compared to the Sweden market.
Price based on expected Growth
Does Hexagon's expected growth come at a high price?
Raw Data
OM:HEXA B PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 24.55x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
8.6%per year
Sweden Electronic Industry PEG Ratio Median Figure of 14 Publicly-Listed Electronic Companies 1.4x
Sweden Market PEG Ratio Median Figure of 234 Publicly-Listed Companies 1.33x

*Line of best fit is calculated by linear regression .

OM:HEXA B PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 24.55x ÷ 8.6%

2.84x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hexagon is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Hexagon's assets?
Raw Data
OM:HEXA B PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €14.62
OM:HEXA B Share Price * OM (2019-04-18) in SEK SEK519.4
OM:HEXA B Share Price converted to EUR reporting currency Exchange rate (SEK/ EUR) 0.096 €49.66
Sweden Electronic Industry PB Ratio Median Figure of 33 Publicly-Listed Electronic Companies 2.48x
Sweden Market PB Ratio Median Figure of 565 Publicly-Listed Companies 2.5x
OM:HEXA B PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:HEXA B Share Price ÷ Book Value per Share (both in EUR)

= 49.66 ÷ 14.62

3.4x

* Primary Listing of Hexagon.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hexagon is overvalued based on assets compared to the SE Electronic industry average.
X
Value checks
We assess Hexagon's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Hexagon has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Hexagon expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hexagon expected to grow at an attractive rate?
  • Hexagon's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
  • Hexagon's earnings growth is positive but not above the Sweden market average.
  • Hexagon's revenue growth is expected to exceed the Sweden market average.
Annual Growth Rates Comparison
Raw Data
OM:HEXA B Future Growth Rates Data Sources
Data Point Source Value (per year)
OM:HEXA B Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 8.6%
OM:HEXA B Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 6.2%
Sweden Electronic Industry Earnings Growth Rate Market Cap Weighted Average 11.1%
Sweden Electronic Industry Revenue Growth Rate Market Cap Weighted Average 7.1%
Sweden Market Earnings Growth Rate Market Cap Weighted Average 9.1%
Sweden Market Revenue Growth Rate Market Cap Weighted Average 4.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OM:HEXA B Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OM:HEXA B Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 4,537 1,269 948 9
2020-12-31 4,294 1,163 876 13
2019-12-31 4,069 1,087 806 13
OM:HEXA B Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 3,761 952 730
2018-09-30 3,673 819 777
2018-06-30 3,578 879 753
2018-03-31 3,504 840 727
2017-12-31 3,448 879 664
2017-09-30 3,343 897 567
2017-06-30 3,272 854 553
2017-03-31 3,204 823 545
2016-12-31 3,149 774 573
2016-09-30 3,115 755 565
2016-06-30 3,078 775 553
2016-03-31 3,063 747 542

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hexagon's earnings are expected to grow by 8.6% yearly, however this is not considered high growth (20% yearly).
  • Hexagon's revenue is expected to grow by 6.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OM:HEXA B Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Hexagon Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:HEXA B Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.64 2.72 2.54 7.00
2020-12-31 2.42 2.56 2.30 10.00
2019-12-31 2.22 2.29 2.14 10.00
OM:HEXA B Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 2.02
2018-09-30 2.15
2018-06-30 2.09
2018-03-31 2.02
2017-12-31 1.84
2017-09-30 1.57
2017-06-30 1.53
2017-03-31 1.51
2016-12-31 1.59
2016-09-30 1.57
2016-06-30 1.54
2016-03-31 1.50

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Hexagon is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Hexagon's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Sweden market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Sweden market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hexagon has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Hexagon performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hexagon's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hexagon's year on year earnings growth rate has been positive over the past 5 years.
  • Hexagon's 1-year earnings growth is less than its 5-year average (9.9% vs 15.7%)
  • Hexagon's earnings growth has not exceeded the SE Electronic industry average in the past year (9.9% vs 19%).
Earnings and Revenue History
Hexagon's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hexagon Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:HEXA B Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 3,760.70 730.00 1,011.60 405.30
2018-09-30 3,672.90 776.70 966.20 383.70
2018-06-30 3,577.60 753.30 939.10 368.30
2018-03-31 3,503.90 726.50 921.20 357.60
2017-12-31 3,448.10 664.10 934.20 373.10
2017-09-30 3,342.70 567.30 934.00 378.10
2017-06-30 3,271.60 552.60 907.80 373.20
2017-03-31 3,204.20 545.10 886.80 362.50
2016-12-31 3,149.20 573.30 848.20 333.10
2016-09-30 3,115.40 564.80 830.90 321.10
2016-06-30 3,078.00 553.20 831.00 307.30
2016-03-31 3,062.90 541.70 826.90 302.50
2015-12-31 3,043.80 499.90 845.30 309.70
2015-09-30 2,971.50 477.30 831.80 283.70
2015-06-30 2,877.80 438.80 811.00 289.50
2015-03-31 2,732.70 408.30 767.90 268.20
2014-12-31 2,622.40 402.80 698.00 251.60
2014-09-30 2,510.70 374.90 510.90 422.90
2014-06-30 2,438.70 361.00 528.10 345.20
2014-03-31 2,438.20 355.50 580.00 288.10
2013-12-31 2,429.70 367.90 632.70 217.40
2013-09-30 2,427.00 362.00 626.50 210.10
2013-06-30 2,428.50 369.50 632.60 210.10
2013-03-31 2,400.50 361.40 619.20 210.10
2012-12-31 2,380.00 348.20 613.20 210.10
2012-09-30 2,342.60 334.40 612.50 180.20
2012-06-30 2,285.70 318.30 582.30 180.20

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Hexagon has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hexagon used its assets less efficiently than the SE Electronic industry average last year based on Return on Assets.
  • Hexagon has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hexagon's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hexagon has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Hexagon's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hexagon's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hexagon is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hexagon's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Hexagon's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hexagon Company Filings, last reported 3 months ago.

OM:HEXA B Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 5,319.20 2,355.70 394.60
2018-09-30 5,106.50 2,582.70 457.20
2018-06-30 4,853.10 2,356.30 391.10
2018-03-31 4,664.40 2,231.10 317.30
2017-12-31 4,604.40 2,262.00 309.40
2017-09-30 4,407.30 2,373.10 325.70
2017-06-30 4,368.70 2,465.40 313.10
2017-03-31 4,659.80 1,580.80 282.70
2016-12-31 4,590.80 1,716.80 284.00
2016-09-30 4,221.00 1,825.00 204.80
2016-06-30 4,123.80 1,859.00 191.50
2016-03-31 4,054.90 1,821.70 202.30
2015-12-31 4,102.30 1,843.70 225.50
2015-09-30 3,886.70 1,888.20 221.50
2015-06-30 3,820.30 2,049.00 241.10
2015-03-31 3,918.20 1,971.40 247.80
2014-12-31 3,470.20 2,030.90 228.60
2014-09-30 3,278.90 2,125.40 194.00
2014-06-30 2,972.80 1,724.90 165.80
2014-03-31 2,932.50 1,666.00 177.30
2013-12-31 2,846.30 1,602.00 176.00
2013-09-30 2,836.40 1,610.90 163.90
2013-06-30 2,810.50 1,737.00 184.00
2013-03-31 2,894.90 1,678.80 136.40
2012-12-31 2,749.10 1,691.40 130.70
2012-09-30 2,737.00 1,752.40 118.80
2012-06-30 2,702.80 1,827.70 110.60
  • Hexagon's level of debt (44.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (56.3% vs 44.3% today).
  • Debt is well covered by operating cash flow (40.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 82.3x coverage).
X
Financial health checks
We assess Hexagon's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hexagon has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.19%
Current annual income from Hexagon dividends. Estimated to be 1.42% next year.
If you bought SEK2,000 of Hexagon shares you are expected to receive SEK24 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Hexagon's pays a lower dividend yield than the bottom 25% of dividend payers in Sweden (1.86%).
  • Hexagon's dividend is below the markets top 25% of dividend payers in Sweden (4.3%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OM:HEXA B Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
Sweden Electronic Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 1.2%
Sweden Market Average Dividend Yield Market Cap Weighted Average of 245 Stocks 3.5%
Sweden Minimum Threshold Dividend Yield 10th Percentile 1.2%
Sweden Bottom 25% Dividend Yield 25th Percentile 1.9%
Sweden Top 25% Dividend Yield 75th Percentile 4.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OM:HEXA B Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.78 8.00
2020-12-31 0.71 12.00
2019-12-31 0.65 12.00
OM:HEXA B Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-28 0.590 1.260
2018-03-26 0.530 1.146
2017-03-27 0.480 1.134
2016-04-04 0.430 1.217
2015-02-06 0.350 1.117
2014-02-11 0.310 1.258
2013-04-04 0.280 1.256
2012-04-03 0.170 1.005
2011-03-25 0.150 1.190
2011-02-09 0.155 1.007
2010-04-07 0.122 0.963
2010-02-04 0.118 1.187
2009-05-06 0.045 0.615
2009-04-20 0.210 3.914

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hexagon is not paying a notable dividend for Sweden, therefore no need to check if the payments are stable.
  • Hexagon is not paying a notable dividend for Sweden, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Hexagon's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Hexagon's dividends as it is not paying a notable one for Sweden.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.4x coverage).
X
Income/ dividend checks
We assess Hexagon's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hexagon afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hexagon has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Hexagon's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ola Rollén
COMPENSATION €5,063,200
AGE 53
TENURE AS CEO 2.4 years
CEO Bio

Mr. Ola Rollén serves as Industrial Advisor at EQT Partners AB. Mr. Rollén has been the Chief Executive Officer and President of Hexagon AB since 2000. He serves as Chief Executive Officer at Intergraph Corporation. He serves as Strategic Advisor at NEXT Biometrics Group ASA. He serves as Chairman at Leica Geosystems AG. He serves as Member of Investment Advisory Committee at EQT Mid-Market GP BV. He serves as Chairman at Leica Geosystems Holdings AG. He previously served as Former Deputy Chairman at VBG Group AB (publ). He previously served as Former Independent Director, Chief Executive Officer of Group and President of Group at Hexpol AB (Publ). He has been a Director of Hexagon AB since 2000. He previously served as Former Director at Vestas Wind Systems A/S.

CEO Compensation
  • Ola's compensation has increased by more than 20% in the past year.
  • Ola's remuneration is higher than average for companies of similar size in Sweden.
Management Team Tenure

Average tenure and age of the Hexagon management team in years:

3.4
Average Tenure
53
Average Age
  • The tenure for the Hexagon management team is about average.
Management Team

Ola Rollén

TITLE
CEO, President & Director
COMPENSATION
€5M
AGE
53
TENURE
2.4 yrs

Robert Belkic

TITLE
CFO & Executive VP
AGE
48
TENURE
6.6 yrs

Claudio Simão

TITLE
CTO & President of Innovation Hub
AGE
61
TENURE
3.4 yrs

Robert Ashe

TITLE
Chief Information Officer
TENURE
2.3 yrs

Maria Luthström

TITLE
Investor Relations Manager
TENURE
3.4 yrs

Johnny Andersson

TITLE
General Counsel
AGE
53
TENURE
8.3 yrs

Kristin Christensen

TITLE
Chief Marketing Officer
AGE
47
TENURE
4.3 yrs

Ed Porter

TITLE
Chief Human Resources Officer
AGE
59
TENURE
4.3 yrs

Andrea Meyer

TITLE
Head of Tax

Charlotte Anderberg

TITLE
Head of Group Financial Reporting
TENURE
3.4 yrs
Board of Directors Tenure

Average tenure and age of the Hexagon board of directors in years:

1.9
Average Tenure
53
Average Age
  • The average tenure for the Hexagon board of directors is less than 3 years, this suggests a new board.
Board of Directors

Gun Nilsson

TITLE
Chairman of the Board
COMPENSATION
€174K
AGE
63
TENURE
1.9 yrs

Ola Rollén

TITLE
CEO, President & Director
COMPENSATION
€5M
AGE
53
TENURE
19.3 yrs

Ulrika Francke

TITLE
Independent Director
COMPENSATION
€73K
AGE
62
TENURE
9.3 yrs

John Brandon

TITLE
Director
COMPENSATION
€56K
AGE
62
TENURE
1.9 yrs

Henrik Henriksson

TITLE
Director
COMPENSATION
€56K
AGE
48
TENURE
1.9 yrs

Sofia Högberg

TITLE
Director
COMPENSATION
€79K
AGE
40
TENURE
1.9 yrs

Märta Andreen

TITLE
Director
COMPENSATION
€56K
AGE
34
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
12. Mar 19 Sell Melker Schorling Tjanste AB Company 07. Mar 19 12. Mar 19 -3,722,179 SEK471.57 SEK-1,729,553,832
09. Aug 18 Sell Ola Rollén Individual 06. Aug 18 08. Aug 18 -586,500 SEK538.60 SEK-315,082,007
X
Management checks
We assess Hexagon's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hexagon has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Should You Be Worried About Insider Transactions At Hexagon AB (publ) (STO:HEXA B)?

So we'll take a look at whether insiders have been buying or selling shares in Hexagon AB (publ) (STO:HEXA B). … That means that an insider was selling shares at around the current price of kr509. … While we don't usually like to see insider selling, it's more concerning if the sales take price at a lower price.

Simply Wall St -

Read This Before Buying Hexagon AB (publ) (STO:HEXA B) For Its Dividend

Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … Historically, Hexagon AB (publ) (STO:HEXA B) has paid dividends to shareholders, and these days it yields 1.2%. … Does Hexagon tick all the boxes of a great dividend stock?

Simply Wall St -

A Spotlight On Hexagon AB (publ)'s (STO:HEXA B) Fundamentals

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … that has been able to sustain great financial health over the past

Simply Wall St -

Why Hexagon AB (publ)’s (STO:HEXA B) Use Of Investor Capital Doesn’t Look Great

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

What Are Analysts Saying About The Future Of Hexagon AB (publ)'s (STO:HEXA B)?

The latest earnings update Hexagon AB (publ) (STO:HEXA B) released in December 2018a … suggested

Simply Wall St -

Hexagon AB (publ) (STO:HEXA B): Time For A Financial Health Check

Hexagon AB (publ) (STO:HEXA B), a large-cap worth kr177b, comes to mind for investors seeking a strong and reliable stock investment. … I will provide an overview of Hexagon’s financial liquidity and leverage to give you an idea of Hexagon’s position to take advantage of potential acquisitions or comfortably endure future downturns. … Note that this information is centred entirely on financial health and is a high-level overview, so I encourage you to look further

Simply Wall St -

Company Info

Description

Hexagon AB (publ) provides information technology solutions for geospatial and industrial landscapes worldwide. The company operates through two segments, Industrial Enterprise Solutions (IES) and Geospatial Enterprise Solutions (GIS). The IES segment offers metrology systems that incorporate the in sensor technology for measurements, as well as computer-aided design, computer-aided manufacturing, and computer-aided engineering software. Its solutions include coordinate measuring machines, optical and portable scanners, industrial metrology software, and life cycle engineering software solutions. This segment’s solutions are used in electronics and manufacturing, power and energy, automotive, aerospace and defense, and other industries. The GIS segment offers sensors for capturing data from land and air, as well as for positioning through satellites; and GIS software for the creation of 3D maps and models, which are used for decision-making in a range of software applications covering areas, such as surveying, construction, public safety, and agriculture. Its solutions comprise laser scanner, airborne camera, unmanned aerial vehicle, mobile mapping technology, and precise positioning solutions. This segment’s solutions are used in surveying, infrastructure and construction, natural resources, public safety, aerospace and defense, and other industries. The company was formerly known as Eken Industri & Handel AB and changed its name to Hexagon AB (publ) in 1993. Hexagon AB (publ) was founded in 1975 and is headquartered in Stockholm, Sweden.

Details
Name: Hexagon AB (publ)
HEXA B
Exchange: OM
Founded: 1975
SEK188,521,419,844
362,959,992
Website: http://www.hexagon.com
Address: Hexagon AB (publ)
Lilla Bantorget 15,
Stockholm,
Stockholm County, 111 23,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM HEXA B Series B Shares OMX Nordic Exchange Stockholm SE SEK 15. Sep 1992
OTCPK HXGB.F Series B Shares Pink Sheets LLC US USD 15. Sep 1992
DB HXGB Series B Shares Deutsche Boerse AG DE EUR 15. Sep 1992
LSE 0GRX Series B Shares London Stock Exchange GB SEK 15. Sep 1992
BATS-CHIXE HEXABS Series B Shares BATS 'Chi-X Europe' GB SEK 15. Sep 1992
OTCPK HXGB.Y ADR EACH REPR 1 SHS Pink Sheets LLC US USD 06. Jan 2012
DB HXGC ADR EACH REPR 1 SHS Deutsche Boerse AG DE EUR 06. Jan 2012
Number of employees
Current staff
Staff numbers
20,048
Hexagon employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 21:15
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/12
Last earnings filing: 2019/03/18
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.