Hexagon AB (publ)

OM:HEXA B Stock Report

Market Cap: SEK 284.5b

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.

Below Fair Value: HEXA B (SEK106) is trading below our estimate of fair value (SEK143.66)

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?

Other financial metrics that can be useful for relative valuation.

HEXA B key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue5.2x
Enterprise Value/EBITDA18.5x
PEG Ratio1.9x

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 Average30.8x
MYCR Mycronic
24.1x12.8%SEK 35.9b
LAGR B Lagercrantz Group
40.8x14.0%SEK 36.3b
EPEN Ependion
19x19.8%SEK 3.4b
PRIC B Pricer
39.4x34.1%SEK 2.1b
HEXA B Hexagon
28.7x14.7%SEK 284.5b

Price-To-Earnings vs Peers: HEXA B is good value based on its Price-To-Earnings Ratio (28.7x) compared to the peer average (30.8x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a16.2%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a16.2%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: HEXA B is expensive based on its Price-To-Earnings Ratio (28.7x) compared to the European Electronic industry average (21.7x).

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 Ratio28.7x
Fair PE Ratio31.7x

Price-To-Earnings vs Fair Ratio: HEXA B is good value based on its Price-To-Earnings Ratio (28.7x) compared to the estimated Fair Price-To-Earnings Ratio (31.7x).

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 106.00
SEK 120.79
+14.0%
15.0%SEK 153.19SEK 89.49n/a19
Jul ’25SEK 120.40
SEK 121.43
+0.9%
17.3%SEK 160.59SEK 77.95n/a20
Jun ’25SEK 115.20
SEK 120.60
+4.7%
16.6%SEK 162.39SEK 78.83n/a19
May ’25SEK 116.75
SEK 123.73
+6.0%
16.7%SEK 165.75SEK 80.46n/a18
Apr ’25SEK 126.70
SEK 122.66
-3.2%
17.7%SEK 165.06SEK 82.00n/a18
Mar ’25SEK 122.15
SEK 117.27
-4.0%
17.4%SEK 157.70SEK 79.55n/a18
Feb ’25SEK 118.10
SEK 117.19
-0.8%
18.2%SEK 161.13SEK 79.39n/a18
Jan ’25SEK 120.95
SEK 112.12
-7.3%
16.2%SEK 148.61SEK 76.18n/a18
Dec ’24SEK 105.30
SEK 110.54
+5.0%
15.8%SEK 150.88SEK 77.98n/a17
Nov ’24SEK 90.24
SEK 114.96
+27.4%
14.5%SEK 151.61SEK 94.82n/a15
Oct ’24SEK 93.38
SEK 117.65
+26.0%
13.6%SEK 151.09SEK 93.93n/a16
Sep ’24SEK 97.72
SEK 121.57
+24.4%
12.2%SEK 152.35SEK 101.16n/a16
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 121.14
+3.7%
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
Mar ’24SEK 115.45
SEK 119.18
+3.2%
13.0%SEK 146.55SEK 92.85SEK 122.1515
Feb ’24SEK 121.55
SEK 119.50
-1.7%
12.8%SEK 147.06SEK 97.23SEK 118.1015
Jan ’24SEK 109.00
SEK 116.52
+6.9%
11.9%SEK 139.42SEK 94.50SEK 120.9516
Dec ’23SEK 120.40
SEK 118.32
-1.7%
11.6%SEK 140.36SEK 95.14SEK 105.3015
Nov ’23SEK 109.90
SEK 116.92
+6.4%
10.6%SEK 139.99SEK 94.89SEK 90.2415
Oct ’23SEK 104.70
SEK 129.08
+23.3%
9.9%SEK 152.95SEK 109.13SEK 93.3815
Sep ’23SEK 106.50
SEK 128.57
+20.7%
11.4%SEK 151.41SEK 105.47SEK 97.7215
Aug ’23SEK 117.00
SEK 126.98
+8.5%
11.5%SEK 149.55SEK 104.17SEK 100.8015

Analyst Forecast: Target price is less than 20% higher than the current share price.

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