Hexagon AB (publ)

OM:HEXA B Stock Report

Market Cap: SEK 251.3b

Hexagon Future Growth

Future criteria checks 1/6

Hexagon's earnings are forecast to decline at 30.4% per annum while its annual revenue is expected to grow at 3% per year. EPS is expected to decline by 27.3% per annum. Return on equity is forecast to be 14.1% in 3 years.

Key information

-30.4%

Earnings growth rate

-27.28%

EPS growth rate

Electronic earnings growth-11.6%
Revenue growth rate3.0%
Future return on equity14.06%
Analyst coverage

Good

Last updated02 Sep 2026

Recent future growth updates

Analysis Article • Mar 25

Hexagon AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Shareholders might have noticed that Hexagon AB (publ) ( STO:HEXA B ) filed its full-year result this time last week...
Analysis Article • Feb 03

Hexagon AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Hexagon AB (publ) ( STO:HEXA B ) came out with its annual results last week, and we wanted to see how the business is...

Recent updates

Narrative Update • Sep 03

HEXA B: Balanced P/E Outlook Suggests Moderated Re-Rating Potential Ahead

Hexagon's updated analyst price target has been reduced to SEK 100.56 from SEK 108.48, reflecting a slightly lower fair value and more moderate assumptions for margin and revenue growth, even as recent Street targets cluster in the SEK 90 to SEK 100 range with broadly Neutral stances. Analyst Commentary Recent Street research on Hexagon points to a mixed but fairly tight range of opinions, with most price targets between SEK 82 and SEK 100 and a cluster of Neutral ratings.
Narrative Update • Aug 19

HEXA B: Post Octave Spin-Off Valuation Will Likely Cap Future Upside

Hexagon's updated fair value estimate has moved higher to SEK 79.85 from SEK 70.21, reflecting a series of revised analyst price targets in the SEK 90 to SEK 100 range and their views on resilient growth and margin improvement, alongside a higher future P/E assumption. Analyst Commentary Recent research on Hexagon shows a mixed picture, with the fair value estimate supported by a cluster of Neutral ratings and a wide range of price targets around the current market view.
Narrative Update • Aug 05

HEXA B: Post Octave Execution And Margin Upside Will Support Future Re-Rating

Analysts have raised Hexagon’s fair value estimate from SEK 119.92 to SEK 123.96, citing updated price targets in the SEK 90 to SEK 100 range and noting that current margins and growth potential are already well reflected in the stock. Analyst Commentary Recent Street research on Hexagon points to a mixed but generally constructive tone, with several bullish analysts lifting price targets and highlighting the company’s ability to execute on its precision measurement and positioning businesses.
Narrative Update • Jul 22

HEXA B: Post Octave Execution Will Drive Upside Despite Lowered Street Expectations

Hexagon's updated analyst price target has been trimmed from SEK 86.82 to SEK 82, reflecting a series of recent target cuts and more cautious views on valuation from multiple firms, even as analysts factor in revised assumptions on growth, margins, and future P/E levels. Analyst Commentary Recent research on Hexagon highlights a more cautious stance on valuation, but there are still elements that readers focused on long term potential and execution may find constructive.
Narrative Update • Jul 08

HEXA B: Elevated P/E Will Constrain Returns After Octave Spinoff

Hexagon's updated fair value estimate has been reduced from about SEK 93.42 to SEK 70.21, reflecting a series of analyst price target cuts to SEK 70 to SEK 85, as they point to a higher discount rate, softer revenue trends, thinner profit margins, and a slightly richer forward P/E multiple after the Octave spinoff. Analyst Commentary Recent research on Hexagon points to a cautious tone, with several bearish analysts lowering price targets into the SEK 70 to SEK 85 range and, in one case, moving to a more negative rating.
Narrative Update • Jun 24

HEXA B: Execution After Octave Spinoff Will Support Upside Despite Lowered Expectations

The analyst price target for Hexagon has been reduced by about SEK 2 to reflect lower fair value estimates around SEK 127 and recent Street research, where several firms cut their SEK price targets on the view that the stock already prices in much of its long term opportunity. Analyst Commentary Recent Street research on Hexagon highlights a more cautious stance on upside, with several firms trimming SEK price targets to levels they see as better aligned with current trading multiples and the stock's long term opportunity.
Narrative Update • Jun 08

HEXA B: Updated Assumptions Will Support Future Upside Despite SEK 85 Fairness Reset

Analysts have lowered their price target on Hexagon to SEK 85 from SEK 100, reflecting updated views on fair value, discount rates, revenue growth assumptions, profit margins, and future P/E expectations. Analyst Commentary Recent research activity around Hexagon points to a more cautious stance on the stock, with price targets adjusted to SEK 85 from higher prior levels and ratings held rather than upgraded.
Narrative Update • May 25

HEXA B: Higher P/E Assumptions Will Support Future Re-Rating Potential

Analysts have reduced their SEK price target for Hexagon by SEK 10 to reflect updated assumptions around higher discount rates, softer revenue expectations, slightly lower profit margins, and a higher future P/E multiple. Analyst Commentary Bullish Takeaways Bullish analysts see the updated target, even after a SEK 10 reduction, as still reflecting confidence in Hexagon's ability to execute on its core business, rather than a loss of faith in the stock.
Analysis Article • May 07

The Hexagon AB (publ) (STO:HEXA B) Analysts Have Been Trimming Their Sales Forecasts

Market forces rained on the parade of Hexagon AB (publ) ( STO:HEXA B ) shareholders today, when the analysts downgraded...
Analysis Article • May 01

We Think That There Are Issues Underlying Hexagon's (STO:HEXA B) Earnings

Hexagon AB (publ)'s ( STO:HEXA B ) robust earnings report didn't manage to move the market for its stock. Our analysis...
Narrative Update • Apr 30

HEXA B: Fair Value View Will Balance Pricing Risk And Execution Uncertainty

Analysts have lowered their Hexagon price targets by SEK 10 and SEK 5, citing weaker revenue expectations, slightly higher assumed profit margins, and a higher future P/E. Taken together, these factors result in a modest reduction in the updated fair value estimate.
Analysis Article • Apr 23

Hexagon AB (publ) (STO:HEXA B) Analysts Are More Bearish Than They Used To Be

One thing we could say about the analysts on Hexagon AB (publ) ( STO:HEXA B ) - they aren't optimistic, having just...
Narrative Update • Apr 16

HEXA B: Fair Value Stance Will Weigh Cautious Ratings Against Profitability Risks

Analysts have adjusted their SEK price target on Hexagon downward by roughly SEK 10 to SEK 5 increments, reflecting updated views on growth, margins and P/E assumptions following recent research updates. Analyst Commentary Recent research points to a more cautious tone around Hexagon, with price targets trimmed in SEK 5 to SEK 10 steps as analysts reassess the balance between expected growth, margins and current P/E levels.
Narrative Update • Apr 01

HEXA B: Refined Margin Framework Will Support Future Upside Potential

Analysts have slightly reduced their Hexagon target by SEK 5 as they incorporate updated views on fair value, discount rate, growth, margins, and future P/E assumptions. Analyst Commentary Bullish Takeaways Bullish analysts view the SEK 5 trim to the target price as a fine tuning of fair value rather than a shift in the core long term thesis on Hexagon.
Analysis Article • Mar 25

Hexagon AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Shareholders might have noticed that Hexagon AB (publ) ( STO:HEXA B ) filed its full-year result this time last week...
Narrative Update • Mar 18

HEXA B: Higher Margin Outlook Will Support Future Upside Potential

Analysts have trimmed their 12 month price target for Hexagon by SEK 5, reflecting a view that slightly lower revenue growth expectations and a modestly reduced discount rate are now balanced by a stronger projected profit margin and similar forward P/E levels. Analyst Commentary Recent research activity around Hexagon highlights a mix of optimism about profit quality and caution around the pace of revenue expansion and valuation support, which together have fed into the SEK 5 trim in the 12 month price target.
Narrative Update • Mar 04

HEXA B: Margin Resilience And Cost Execution Will Drive Future Upside Potential

Analysts have trimmed their Hexagon price targets by SEK 5, reflecting slightly softer assumptions on revenue growth and valuation multiples, which are partly offset by a small uplift in expected profit margins. Analyst Commentary Analysts are treating the SEK 5 cut to the Hexagon price target as a fine tuning of expectations rather than a fundamental reset, with tweaks across growth, margins and valuation multiples.
Narrative Update • Feb 18

HEXA B: Refined Assumptions Will Support Future Share Outperformance Despite SEK 5 Trim

Analysts have lowered their Hexagon price target by SEK 5, reflecting updated views on fair value, the discount rate, and long-term assumptions on revenue growth, profit margins, and future P/E multiples. Analyst Commentary Bullish analysts see the SEK 5 adjustment to the Hexagon price target as a fine tuning of assumptions rather than a shift in overall conviction.
Narrative Update • Feb 03

HEXA B: More Conservative Assumptions Will Still Support Future Share Outperformance

Analysts have slightly reduced their fair value estimate for Hexagon to SEK 139.82 from SEK 148.28, reflecting updated assumptions on discount rate, revenue growth, profit margin and a lower future P/E multiple, alongside recent Street research that includes a SEK 5 price target trim and an upgrade to Outperform with a SEK 130 target. Analyst Commentary Recent Street research around Hexagon points to a generally constructive tone, even as fair value estimates and price targets are being fine tuned.
Analysis Article • Feb 03

Hexagon AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Hexagon AB (publ) ( STO:HEXA B ) came out with its annual results last week, and we wanted to see how the business is...
Narrative Update • Jan 20

HEXA B: Fair Value View Will Balance Mixed Ratings And Profit Margin Expectations

Analysts have raised their fair value estimate for Hexagon to SEK 94.63 from SEK 87.59, citing recent target price increases toward SEK 115 and SEK 130, along with updated views on margins and earnings multiples. Analyst Commentary Recent Street research on Hexagon shows a mix of optimism and caution, with price targets now clustered in the SEK 115 to SEK 132 range and ratings spread across Outperform, Neutral, and Hold.
Analysis Article • Jan 15

Earnings Tell The Story For Hexagon AB (publ) (STO:HEXA B)

With a price-to-earnings (or "P/E") ratio of 39.8x Hexagon AB (publ) ( STO:HEXA B ) may be sending very bearish signals...
Narrative Update • Jan 06

HEXA B: Higher Revenue And Margin Assumptions Will Support Stronger Share Performance

We are raising our Hexagon fair value estimate to SEK 148.28 from SEK 142.69, reflecting analysts' higher revenue growth and profit margin assumptions and the recent series of Street price target revisions in the SEK 115 to SEK 132 range. Analyst Commentary Recent Street research on Hexagon points to a mix of views, but the general tone among bullish analysts has shifted toward higher expectations for the shares, with several price targets now clustering in the SEK 115 to SEK 132 range.
Analysis Article • Jan 01

Some Investors May Be Worried About Hexagon's (STO:HEXA B) Returns On Capital

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Narrative Update • Dec 23

HEXA B: Rating Upgrade And Margin Delivery Will Drive Upside Potential

Hexagon's analyst price target has edged slightly lower to approximately SEK 120 from about SEK 121, as analysts factor in a marginally higher discount rate and slightly softer long term margin expectations despite a series of recent target hikes and one notable rating upgrade. Analyst Commentary Analysts remain divided on Hexagon, with recent target changes and rating moves reflecting a balance between confidence in the companys structural growth prospects and caution around valuation and execution risk.
Narrative Update • Dec 09

HEXA B: Rating Shifts And Execution Will Shape Balanced Near-Term Share Outlook

The analyst price target for Hexagon has been raised modestly, supported by analysts highlighting incremental improvements in long term revenue growth and profitability expectations, despite a slightly higher discount rate. Analyst Commentary Recent Street research paints a mixed but generally constructive picture, with incremental target price increases and rating adjustments reflecting debate around Hexagon's risk reward profile.
Narrative Update • Nov 25

HEXA B: Rating Changes And Execution Will Steer Near-Term Share Performance

Hexagon's analyst fair value target experienced a slight decrease to SEK 121.85 from SEK 121.94, as analysts cited upward revenue growth adjustments, offset by modestly lower profit margin expectations and a marginally reduced discount rate. Analyst Commentary Recent Street Research underscores a mix of optimism and caution surrounding Hexagon, as reflected in recent target price changes and rating adjustments by major investment banks and brokerages.
Analysis Article • Nov 16

Calculating The Intrinsic Value Of Hexagon AB (publ) (STO:HEXA B)

Key Insights Hexagon's estimated fair value is kr111 based on 2 Stage Free Cash Flow to Equity With kr113 share price...
Narrative Update • Nov 10

HEXA B: Recent Rating Upgrades And Downgrades Will Define Near-Term Direction

Hexagon’s analyst price target has increased from SEK 116.68 to SEK 121.94. This reflects analysts’ improved outlook on profit margins and valuation following several upward price target revisions and ratings changes.
Narrative Update • Oct 27

Operational Progress Will Continue Driving Modest Gains Amid Industry Headwinds

Analysts have modestly increased their fair value estimate for Hexagon to SEK 116.68, up from SEK 115.10. They cite improved revenue growth forecasts but also note limited near-term upside based on recent valuation assessments.
Analysis Article • Sep 26

Is There Now An Opportunity In Hexagon AB (publ) (STO:HEXA B)?

Today we're going to take a look at the well-established Hexagon AB (publ) ( STO:HEXA B ). The company's stock saw a...
Narrative Update • Sep 21

Automation And Robotics Will Capture Global Industrial Demand

Despite a slight decrease in consensus revenue growth forecasts, Hexagon’s higher future P/E ratio suggests that the market is attributing a higher valuation multiple to the company, resulting in a modest increase in the consensus Analyst Price Target from SEK111.76 to SEK115.10. What's in the News Norbert Hanke appointed interim CFO, succeeding David Mills, who will remain as Financial Advisor until February 2026.
Narrative Update • Sep 06

Automation And Robotics Will Capture Global Industrial Demand

Hexagon's sharply higher future P/E suggests significantly lower growth or earnings expectations, which likely drove the modest cut in its consensus analyst price target from SEK113.44 to SEK111.76. What's in the News Norbert Hanke appointed interim CFO, succeeding David Mills, who transitions to Financial Advisor until February 2026; Hanke brings extensive Hexagon and finance leadership experience.

Earnings and Revenue Growth Forecasts

OM:HEXA B - Analysts future estimates and past financials data (EUR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20284,9989248931,39112
12/31/20274,7378517891,26513
12/31/20264,1372,1806521,15713
6/30/20265,4672,1308791,440N/A
3/31/20265,4272,0528961,471N/A
12/31/20255,4256178521,467N/A
9/30/20254,7225638891,464N/A
6/30/20254,7198328771,445N/A
3/31/20255,0639208911,531N/A
12/31/20245,4011,0239561,588N/A
9/30/20245,3881,0088771,516N/A
6/30/20245,4388578581,487N/A
3/31/20245,4508528221,447N/A
12/31/20235,4358597441,370N/A
9/30/20235,4028716091,237N/A
6/30/20235,3691,0577061,334N/A
3/31/20235,2861,0707261,329N/A
12/31/20225,1611,0087551,331N/A
9/30/20224,9698578231,378N/A
6/30/20224,7308157641,276N/A
3/31/20224,5237848111,297N/A
12/31/20214,3418028601,324N/A
9/30/20214,1698649831,389N/A
6/30/20214,0318321,0121,409N/A
3/31/20213,8526669851,374N/A
12/31/20203,7646189111,304N/A
9/30/20203,7856167951,189N/A
6/30/20203,8026067561,160N/A
3/31/20203,881690N/A1,114N/A
12/31/20193,908702N/A1,062N/A
9/30/20193,892720N/A1,138N/A
6/30/20193,882711N/A1,026N/A
3/31/20193,843739N/A971N/A
12/31/20183,761730N/A952N/A
9/30/20183,673774N/A819N/A
6/30/20183,577751N/A879N/A
3/31/20183,504724N/A840N/A
12/31/20173,448664N/A879N/A
9/30/20173,343567N/A897N/A
6/30/20173,272553N/A854N/A
3/31/20173,204545N/A823N/A
12/31/20163,149573N/A774N/A
9/30/20163,115565N/A755N/A
6/30/20163,078553N/A775N/A
3/31/20163,063542N/A747N/A
12/31/20153,044500N/A704N/A
9/30/20152,972477N/A649N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: HEXA B's earnings are forecast to decline over the next 3 years (-30.4% per year).

Earnings vs Market: HEXA B's earnings are forecast to decline over the next 3 years (-30.4% per year).

High Growth Earnings: HEXA B's earnings are forecast to decline over the next 3 years.

Revenue vs Market: HEXA B's revenue (3% per year) is forecast to grow faster than the Swedish market (-1.2% per year).

High Growth Revenue: HEXA B's revenue (3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: HEXA B's Return on Equity is forecast to be low in 3 years time (14.1%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/10 23:52
End of Day Share Price 2026/09/10 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

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.

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 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 Github.

Analyst Sources

Hexagon AB (publ) is covered by 36 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Alice JenningsBarclays
Sven MerktBarclays