Hexagon AB (publ)

OM:HEXA B Stock Report

Market Cap: SEK 227.3b

Hexagon Valuation

Is HEXA B undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HEXA B when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
SEK 128.68
Fair Value
34.2% undervalued intrinsic discount
20
Number of Analysts

Below Fair Value: HEXA B (SEK84.68) is trading below our estimate of fair value (SEK128.68)

Significantly Below Fair Value: HEXA B is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HEXA B?

Key metric: As HEXA B is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HEXA B. This is calculated by dividing HEXA B's market cap by their current earnings.
What is HEXA B's PE Ratio?
PE Ratio20x
Earnings€1.02b
Market Cap€20.51b

Price to Earnings Ratio vs Peers

How does HEXA B's PE Ratio compare to its peers?

The above table shows the PE ratio for HEXA B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24x
LAGR B Lagercrantz Group
42.4x14.4%SEK 40.4b
MYCR Mycronic
21x8.2%SEK 35.3b
EPEN Ependion
23.3x25.0%SEK 3.7b
PRIC B Pricer
9.2x18.6%SEK 1.2b
HEXA B Hexagon
20x10.6%SEK 227.3b

Price-To-Earnings vs Peers: HEXA B is good value based on its Price-To-Earnings Ratio (20x) compared to the peer average (24x).

Price to Earnings Ratio vs Industry

How does HEXA B's PE Ratio compare vs other companies in the European Electronic Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HEXA B 20.0xIndustry Avg. 16.3xNo. of Companies15PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HEXA B is expensive based on its Price-To-Earnings Ratio (20x) compared to the European Electronic industry average (16.3x).

Price to Earnings Ratio vs Fair Ratio

What is HEXA B's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HEXA B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20x
Fair PE Ratio30.5x

Price-To-Earnings vs Fair Ratio: HEXA B is good value based on its Price-To-Earnings Ratio (20x) compared to the estimated Fair Price-To-Earnings Ratio (30.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HEXA B forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 84.68
SEK 124.63
+47.2%
15.4%SEK 156.45SEK 97.60n/a20
Apr ’26SEK 107.55
SEK 125.83
+17.0%
14.7%SEK 156.97SEK 98.33n/a20
Mar ’26SEK 122.45
SEK 125.75
+2.7%
15.3%SEK 155.52SEK 87.75n/a20
Feb ’26SEK 129.60
SEK 122.53
-5.5%
15.9%SEK 155.08SEK 90.37n/a20
Jan ’26SEK 105.60
SEK 118.04
+11.8%
14.8%SEK 153.97SEK 89.52n/a20
Dec ’25SEK 92.94
SEK 119.78
+28.9%
13.5%SEK 154.51SEK 94.37n/a20
Nov ’25SEK 101.65
SEK 120.88
+18.9%
13.4%SEK 156.81SEK 95.37n/a20
Oct ’25SEK 108.80
SEK 119.29
+9.6%
14.6%SEK 154.70SEK 88.17n/a20
Sep ’25SEK 105.00
SEK 118.34
+12.7%
14.9%SEK 150.66SEK 88.37n/a19
Aug ’25SEK 106.00
SEK 120.81
+14.0%
14.9%SEK 153.31SEK 89.92n/a19
Jul ’25SEK 120.40
SEK 121.42
+0.9%
17.3%SEK 160.59SEK 78.27n/a20
Jun ’25SEK 115.20
SEK 120.60
+4.7%
16.6%SEK 162.39SEK 79.15n/a19
May ’25SEK 116.75
SEK 123.72
+6.0%
16.7%SEK 165.75SEK 80.79n/a18
Apr ’25SEK 126.70
SEK 122.66
-3.2%
17.7%SEK 165.06SEK 82.00SEK 107.5518
Mar ’25SEK 122.15
SEK 117.27
-4.0%
17.4%SEK 157.70SEK 79.55SEK 122.4518
Feb ’25SEK 118.10
SEK 117.19
-0.8%
18.2%SEK 161.13SEK 79.39SEK 129.6018
Jan ’25SEK 120.95
SEK 112.12
-7.3%
16.2%SEK 148.61SEK 76.18SEK 105.6018
Dec ’24SEK 105.30
SEK 110.54
+5.0%
15.8%SEK 150.88SEK 77.98SEK 92.9417
Nov ’24SEK 90.24
SEK 114.96
+27.4%
14.5%SEK 151.61SEK 94.82SEK 101.6515
Oct ’24SEK 93.38
SEK 117.65
+26.0%
13.6%SEK 151.09SEK 93.93SEK 108.8016
Sep ’24SEK 97.72
SEK 121.57
+24.4%
12.2%SEK 152.35SEK 101.16SEK 105.0016
Aug ’24SEK 100.80
SEK 121.88
+20.9%
12.1%SEK 148.94SEK 100.97SEK 106.0016
Jul ’24SEK 132.75
SEK 125.87
-5.2%
11.7%SEK 152.05SEK 103.85SEK 120.4016
Jun ’24SEK 125.45
SEK 123.03
-1.9%
11.7%SEK 148.97SEK 101.75SEK 115.2016
May ’24SEK 116.85
SEK 121.09
+3.6%
11.7%SEK 147.21SEK 100.11SEK 116.7516
Apr ’24SEK 118.85
SEK 119.61
+0.6%
12.0%SEK 149.11SEK 94.21SEK 126.7015
AnalystConsensusTarget
Consensus Narrative from 20 Analysts
SEK 124.63
Fair Value
32.1% undervalued intrinsic discount
20
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/13 08:59
End of Day Share Price 2025/04/11 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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 world class team 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 40 analysts. 16 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
Robert BateBarclays
Sven MerktBarclays