Hexagon AB (SE:HEXA.B)
:HEXA.B
Want to see SE:HEXA.B full AI Analyst Report?
Top Page
Hexagon AB
(HEXA.B)
Select Model
Select Model
Rating:74Outperform
Price Target:
kr118.00
▲(24.84% Upside)
Action:UpgradedDate:04/24/26
Overall score is driven primarily by solid underlying financial quality (strong margins and manageable leverage) but tempered by slowing fundamentals (TTM revenue decline, margin/ROE compression, and middling cash conversion). Valuation is a key positive with a very low P/E, while technicals are constructive but look near-term stretched (RSI/Stoch near overbought), limiting the score.
Positive Factors
Margin Structure
Hexagon's gross margins near 65–67% reflect durable product-level profitability driven by a mix of proprietary software and integrated hardware. High gross margins support sustained operating profitability, enable consistent R&D and platform investment, and provide a cushion through cyclical demand shocks.
Negative Factors
Revenue Decline
A -6.6% TTM revenue decline signals weakening top-line momentum that can persist if structural demand or pricing pressures remain. Prolonged revenue contraction reduces scale, limits operating leverage, compresses future profitability, and may force trade-offs between growth investments and margin protection.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin Structure
Hexagon's gross margins near 65–67% reflect durable product-level profitability driven by a mix of proprietary software and integrated hardware. High gross margins support sustained operating profitability, enable consistent R&D and platform investment, and provide a cushion through cyclical demand shocks.
Read all positive factors
Hexagon AB (HEXA.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr274.21B
Dividend Yield1.46%
Average Volume (3M)3.20M
Price to Earnings (P/E)3.4
Beta (1Y)1.27
Revenue Growth-10.52%
EPS Growth96.23%
CountrySE
Employees25,091
SectorGeneral
Sector StrengthN/A
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)0.72
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 Upside5.80% Upside
Rating ConsensusHold
Number of Analyst Covering3
EPS Forecast (FY)0.4
Revenue Forecast (FY)kr4.91B
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
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
Positive
94.52
Price Trends
96.67
Positive
101.76
Positive
105.60
Negative
Market Momentum
0.31
Negative
65.35
Neutral
91.76
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:HEXA.B, the sentiment is Positive. The current price of 94.52 is above the 20-day moving average (MA) of 94.07, below the 50-day MA of 96.67, and below the 200-day MA of 105.60, indicating a neutral trend. The MACD of 0.31 indicates Negative momentum. The RSI at 65.35 is Neutral, neither overbought nor oversold. The STOCH value of 91.76 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | kr274.21B | 3.43 | 6.71% | 1.46% | -10.52% | 96.23% | |
64 Neutral | kr13.87B | 35.06 | ― | ― | 6.55% | 5.17% | |
63 Neutral | kr5.50B | 23.14 | 17.60% | 3.91% | -1.97% | 8.26% | |
58 Neutral | kr8.86B | 23.56 | ― | 0.65% | 24.20% | 111.64% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
SE:HEXA.B
Hexagon AB
102.15
11.38
12.54%
SE:NOTE
NOTE AB
192.80
35.10
22.26%
SE:HANZA
Hanza AB
140.80
70.00
98.87%
SE:NCAB
NCAB Group AB
74.20
33.40
81.86%
Hexagon AB Corporate Events
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...
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...
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.