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Hexagon AB
(HEXA.B)
Select Model
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Rating:71Outperform
Price Target:
kr91.00
▼(-3.72% Downside)
Action:Reiterated
Date:05/22/26
The score is driven primarily by solid underlying financials (strong margins and manageable leverage) and an attractive valuation (very low P/E). These positives are tempered by weak technicals (price below major moving averages) and evidence of cooling fundamentals (TTM revenue decline, lower net margin/ROE, and only moderate cash conversion).
Positive Factors
High Gross Margins
Sustained gross margins around 65–67% indicate durable product differentiation and pricing power from integrated hardware+software offerings. This margin base supports investment in R&D, platform development and recurring software models, boosting long-term profitability resilience.
Negative Factors
Revenue Decline
A meaningful TTM revenue decline (-6.6%) points to weakening end-market demand or loss of pricing/mix momentum. For a company tied to manufacturing, construction and mapping cycles, prolonged topline weakness limits operating leverage, constrains reinvestment ability and pressures growth prospects.
Read all positive and negative factors
Positive Factors
Negative Factors
High Gross Margins
Sustained gross margins around 65–67% indicate durable product differentiation and pricing power from integrated hardware+software offerings. This margin base supports investment in R&D, platform development and recurring software models, boosting long-term profitability resilience.
Read all positive factors
Hexagon AB (HEXA.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr213.89B
Dividend Yield1.46%
Average Volume (3M)3.20M
Price to Earnings (P/E)9.6
Beta (1Y)1.30
Revenue Growth-10.52%
EPS Growth96.23%
CountrySE
Employees25,091
SectorGeneral
Sector StrengthN/A
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)0.76
Shares Outstanding2,595,227,800
10 Day Avg. Volume2,221,020
30 Day Avg. Volume3,200,334
Financial Highlights & Ratios
PEG Ratio-1.11
Price to Book (P/B)2.65
Price to Sales (P/S)4.99
P/FCF Ratio26.47
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr80.50Price Target Upside-14.83% Downside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)0.3
Revenue Forecast (FY)kr4.03B
Hexagon AB Business Overview & Revenue Model
Company Description
Hexagon AB (publ) is a global technology firm that delivers cutting-edge information technology solutions across both industrial and geospatial domains. The company's operations are organized into two primary divisions. The Industrial Enterprise S...
How the Company Makes Money
Hexagon makes money by selling software, hardware (sensors and measurement/positioning equipment), and related services that help customers capture and use spatial/measurement data to improve productivity, quality, and safety.
Key revenue streams...
Hexagon AB Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.08B | 5.42B | 5.40B | 5.44B | 5.16B | 4.34B |
| Gross Profit | 3.31B | 3.60B | 3.61B | 3.54B | 3.36B | 2.80B |
| EBITDA | 3.36B | 1.73B | 2.01B | 1.78B | 1.75B | 1.58B |
| Net Income | 2.04B | 617.40M | 1.02B | 858.90M | 1.01B | 801.60M |
Balance Sheet | ||||||
| Total Assets | 17.99B | 17.11B | 17.85B | 16.88B | 16.48B | 14.10B |
| Cash, Cash Equivalents and Short-Term Investments | 1.98B | 758.20M | 663.80M | 547.10M | 486.30M | 472.10M |
| Total Debt | 3.25B | 4.11B | 3.83B | 4.08B | 3.87B | 2.94B |
| Total Liabilities | 5.93B | 6.85B | 6.65B | 6.84B | 6.61B | 5.33B |
| Stockholders Equity | 12.03B | 10.22B | 11.16B | 10.01B | 9.83B | 8.73B |
Cash Flow | ||||||
| Free Cash Flow | 1.20B | 1.02B | 955.90M | 743.80M | 763.30M | 898.70M |
| Operating Cash Flow | 1.63B | 1.62B | 1.59B | 1.37B | 1.33B | 1.32B |
| Investing Cash Flow | 1.19B | -1.26B | -710.10M | -1.03B | -1.80B | -1.17B |
| Financing Cash Flow | -1.19B | -177.40M | -764.10M | -249.30M | 493.30M | -86.50M |
Hexagon AB Technical Analysis
Negative
94.52
Price Trends
82.58
Negative
81.87
Negative
86.20
Negative
Market Momentum
-0.56
Positive
44.26
Neutral
45.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:HEXA.B, the sentiment is Negative. The current price of 94.52 is above the 20-day moving average (MA) of 81.07, above the 50-day MA of 82.58, and above the 200-day MA of 86.20, indicating a bearish trend. The MACD of -0.56 indicates Positive momentum. The RSI at 44.26 is Neutral, neither overbought nor oversold. The STOCH value of 45.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:HEXA.B.
Hexagon AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | kr213.89B | 9.60 | 6.71% | 1.46% | -10.52% | 96.23% | |
67 Neutral | kr8.00B | 19.79 | ― | 0.65% | 49.17% | 146.14% | |
64 Neutral | kr14.04B | 60.89 | ― | ― | 6.55% | 5.17% | |
56 Neutral | kr4.23B | 15.66 | 17.60% | 3.91% | 3.96% | -3.46% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
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Hexagon AB Corporate Events
Hexagon spins off Octave Intelligence with dual Nasdaq listings
May 12, 2026
Hexagon AB is spinning off its wholly owned software subsidiary Octave Intelligence plc to shareholders, positioning the new company as a standalone provider of mission-critical asset lifecycle software that turns complex operational data into act...
Hexagon sharpens focus and sets new 2026–2030 growth and sustainability targets
Apr 30, 2026
Hexagon AB used its Capital Markets Day in London to outline a sharpened strategic focus on precision measurement and positioning technologies, following portfolio moves such as the planned spin‑off of Octave and the sale of its Design Engi...
Hexagon to Spin Off Octave Intelligence With Dual Listings in Stockholm and New York
Apr 27, 2026
Hexagon AB will distribute all shares in its wholly owned subsidiary Octave Intelligence to its shareholders, with ten Series A or Series B Hexagon shares yielding one Octave class A or class B share, respectively, and non-affiliate Series B holde...
Hexagon AGM Backs Octave Spin-Off, Dividend and Incentive Plan Overhaul
Apr 24, 2026
Shareholders in Hexagon AB approved a series of resolutions at the 2026 Annual General Meeting, including the re-election of eight board members and the appointment of Björn Rosengren as the new chairman after Ola Rollén declined re-elec...
Hexagon posts solid Q1 growth as restructuring and portfolio shift sharpen focus
Apr 23, 2026
Hexagon AB reported a strong start to 2026, posting 8% organic growth in the first quarter as all business areas contributed, led by Manufacturing Intelligence and Autonomous Solutions. Adjusted operating earnings edged up to EUR 251.3 million wit...
Hexagon moves into non-destructive testing with $1.45bn Waygate deal
Apr 13, 2026
Hexagon AB has agreed to acquire Waygate Technologies from Baker Hughes in a $1.45 billion deal that pushes the Swedish group into the non-destructive testing market and extends its reach from production to maintenance, repair and operations. Wayg...
Hexagon AB Sets April 2026 Date and Rules for Annual General Meeting
Mar 24, 2026
Hexagon AB has called shareholders to its Annual General Meeting in Stockholm on 24 April 2026, offering participation either in person, via proxy or through postal voting. The company outlines detailed registration requirements, including Eurocle...
Hexagon publishes integrated 2025 Annual and Sustainability Report
Mar 23, 2026
Hexagon AB has published its 2025 Annual and Sustainability Report, combining audited financial statements, a corporate governance review and an assured sustainability statement aligned with European Sustainability Reporting Standards. The documen...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.