Hexagon AB (SE:HEXA.B)
:HEXA.B
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Hexagon AB
(HEXA.B)
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Rating:56Neutral
Price Target:
kr92.00
▲(3.42% Upside)
Action:ReiteratedDate:02/01/26
The score is driven primarily by decent financial quality (strong margins and manageable leverage) but is held back by the latest-year slowdown in revenue/earnings, weaker ROE and cash-flow momentum. Technical signals are bearish and valuation is elevated (high P/E with a modest yield), which further pressures the overall rating.
Positive Factors
High margins
Very high gross (63–68%) and EBITDA (32–37%) margins indicate durable structural profitability and pricing power across hardware, software, and services. These margins generate cash to fund R&D, support investments, and absorb cyclical revenue weakness, underpinning long-term returns.
Negative Factors
Revenue and earnings decline
A material step-down in revenue and earnings in the latest year signals a sustained growth challenge. Persistent top-line weakness reduces operating leverage, limits scale benefits for subscription adoption, and may force slower investment or margin pressure over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
High margins
Very high gross (63–68%) and EBITDA (32–37%) margins indicate durable structural profitability and pricing power across hardware, software, and services. These margins generate cash to fund R&D, support investments, and absorb cyclical revenue weakness, underpinning long-term returns.
Read all positive factors
Hexagon AB (HEXA.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr238.80B
Dividend Yield1.46%
Average Volume (3M)3.20M
Price to Earnings (P/E)43.8
Beta (1Y)1.26
Revenue Growth-0.93%
EPS Growth-34.25%
CountrySE
Employees25,091
SectorGeneral
Sector StrengthN/A
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)1.29
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
kr100.00Price Target Upside12.41% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)0.43
Revenue Forecast (FY)kr5.48B
Hexagon AB Business Overview & Revenue Model
Company Description
Hexagon AB (publ) provides information technology solutions for geospatial and industrial applications worldwide. The company operates through two segments, Industrial Enterprise Solutions (IES) and Geospatial Enterprise Solutions (GIS). The IES 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
62
Positive
Balance Sheet
71
Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.42B | 5.40B | 5.44B | 5.16B | 4.34B |
| Gross Profit | 3.60B | 3.61B | 3.54B | 3.36B | 2.80B |
| EBITDA | 1.73B | 2.01B | 1.78B | 1.75B | 1.58B |
| Net Income | 617.40M | 1.02B | 858.90M | 1.01B | 801.60M |
Balance Sheet | |||||
| Total Assets | 17.11B | 17.85B | 16.88B | 16.48B | 14.10B |
| Cash, Cash Equivalents and Short-Term Investments | 758.20M | 663.80M | 547.10M | 486.30M | 472.10M |
| Total Debt | 4.11B | 3.83B | 4.08B | 3.87B | 2.94B |
| Total Liabilities | 6.85B | 6.65B | 6.84B | 6.61B | 5.33B |
| Stockholders Equity | 10.22B | 11.16B | 10.01B | 9.83B | 8.73B |
Cash Flow | |||||
| Free Cash Flow | 1.02B | 955.90M | 743.80M | 763.30M | 898.70M |
| Operating Cash Flow | 1.62B | 1.59B | 1.37B | 1.33B | 1.32B |
| Investing Cash Flow | -1.26B | -710.10M | -1.03B | -1.80B | -1.17B |
| Financing Cash Flow | -177.40M | -764.10M | -249.30M | 493.30M | -86.50M |
Hexagon AB Technical Analysis
Negative
88.96
Price Trends
97.50
Negative
103.38
Negative
105.48
Negative
Market Momentum
-2.53
Positive
33.76
Neutral
20.54
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 88.96 is below the 20-day moving average (MA) of 95.51, below the 50-day MA of 97.50, and below the 200-day MA of 105.48, indicating a bearish trend. The MACD of -2.53 indicates Positive momentum. The RSI at 33.76 is Neutral, neither overbought nor oversold. The STOCH value of 20.54 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 |
|---|---|---|---|---|---|---|---|
65 Neutral | kr9.22B | 23.56 | ― | 0.65% | 18.96% | 48.93% | |
59 Neutral | kr11.04B | 43.38 | ― | ― | 0.26% | -30.60% | |
56 Neutral | kr238.80B | 43.82 | 6.71% | 1.46% | -0.93% | -34.25% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | kr4.85B | 15.08 | 17.60% | 3.91% | -2.98% | 2.44% |
* General Sector Average
SE:HEXA.B
Hexagon AB
88.96
0.42
0.47%
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169.90
10.96
6.89%
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146.40
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36.25%
Hexagon AB Corporate Events
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...
Hexagon Creates Chief People Officer Role, Promotes Renée Rädler to Drive Growth
Feb 16, 2026
Hexagon AB has created the new role of Chief People Officer and appointed internal executive Renée Rädler to the post, effective 1 April 2026, as she joins the executive management team reporting to President and CEO Anders Svensson. R&#...
Hexagon Delivers Solid Q4 2025, Tightens Portfolio and Pushes Cost-Saving Drive
Jan 30, 2026
Hexagon reported a solid fourth quarter of 2025 with 3% organic growth in operating net sales to EUR 1.43 billion and a stable gross margin of 67.5%, though adjusted EBIT and earnings per share declined year-on-year due largely to currency effects...
Hexagon Names Enrique Patrickson as New CFO, Reshapes Senior Leadership Roles
Jan 13, 2026
Hexagon AB has appointed Enrique Patrickson as its new Chief Financial Officer, with a latest start date of July 2026, succeeding interim CFO Norbert Hanke. Patrickson, currently an Operating Partner at private equity firm Triton and formerly CFO ...
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.