Hexicon AB (HEXI) AI Stock Analysis

• Market Cap: €79.31M
• Dividend Yield: N/A
• Average Volume (3M): 411.04K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.03
• Revenue Growth: 3006.90%
• EPS Growth: -45.91%
• Country: SE
• Employees: 27
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): -0.11
• Shares Outstanding: 363,802,670
• 10 Day Avg. Volume: 469,392
• 30 Day Avg. Volume: 411,040
• PEG Ratio: >-0.01
• Price to Book (P/B): -0.17
• Price to Sales (P/S): 4.84
• P/FCF Ratio: -0.77
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 45 Neutral
• Price Target: kr0.00 ▼(-100.00% Downside)

Hexicon AB's overall stock score is primarily impacted by its poor financial performance, characterized by significant profitability and cash flow challenges. The technical analysis provides a neutral outlook, offering little support to offset the financial weaknesses. The valuation is also a concern, with a negative P/E ratio indicating ongoing losses. These factors collectively result in a low overall stock score.

Hexicon AB Business Overview & Revenue Model

Company Description

Hexicon AB (publ) designs, manufactures, sells, and operates offshore wave and wind turbines. The company develops, constructs, and operates floating offshore wind farms; and designs dual turbine floating wind power platforms that hosts two wind turbines and weathervanes around a single mooring point. It operates primarily in South Korea, Scotland, Spain, Sweden, South Africa, and Ireland. The company was founded in 2009 and is headquartered in Stockholm, Sweden.

How the Company Makes Money

Hexicon AB generates revenue primarily through the development and licensing of its floating wind platform technology. The company partners with energy companies and governments to deploy its platforms in offshore wind farms, earning income through licensing agreements, joint ventures, and technology development contracts. Additionally, Hexicon may receive funding from research grants and government initiatives promoting renewable energy projects. Strategic partnerships with industry leaders in the energy sector can also contribute to its revenue by facilitating large-scale deployment of its technology.

Hexicon AB Financial Statement Overview

Summary

Hexicon AB faces significant financial challenges across all verticals. Despite impressive revenue growth, the company struggles with profitability and cash flow generation. High leverage and negative equity position the company at financial risk, while negative cash flows indicate operational inefficiencies. The overall financial health of Hexicon AB is concerning, with critical weaknesses in profitability, leverage, and cash flow sustainability.

Income Statement

Hexicon AB's income statement reveals significant challenges. The company has experienced a substantial revenue growth rate of 500.67% in the TTM period, indicating aggressive expansion. However, profitability remains a concern, with negative gross profit, net profit, EBIT, and EBITDA margins. The net profit margin is notably low at -16.53%, reflecting ongoing losses. Despite revenue growth, the company's inability to convert sales into profits is a critical weakness.

Balance Sheet

The balance sheet of Hexicon AB shows a precarious financial position. The company has a negative stockholders' equity, resulting in a negative debt-to-equity ratio of -2.35, indicating high leverage and financial instability. Return on equity is positive at 118.77%, but this is due to negative equity, which distorts the metric. The equity ratio is also negative, highlighting the company's reliance on debt financing. Overall, the balance sheet suggests significant financial risk.

Cash Flow

Hexicon AB's cash flow statement highlights ongoing cash flow challenges. The company has negative operating and free cash flows, with a free cash flow growth rate of -63.56% in the TTM period. The operating cash flow to net income ratio is negative, indicating that the company is not generating sufficient cash from operations to cover its losses. The free cash flow to net income ratio is slightly positive at 1.24, suggesting some ability to cover net losses with free cash flow, but overall cash flow health remains weak.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	90.10M	9.80M	5.70M	11.58M	23.11M	4.36M
Gross Profit	23.30M	-80.72M	-15.50M	12.27M	23.02M	4.13M
EBITDA	-17.00M	-58.80M	-77.30M	-132.74M	-44.16M	-35.46M
Net Income	-241.20M	-258.20M	-187.33M	-170.34M	-50.86M	-38.01M
Balance Sheet
Total Assets	605.20M	599.20M	501.64M	451.58M	432.18M	117.90M
Cash, Cash Equivalents and Short-Term Investments	11.50M	258.24M	256.89M	86.64M	289.59M	106.59M
Total Debt	854.70M	753.80M	387.70M	80.68M	1.91M	741.00K
Total Liabilities	959.80M	884.20M	500.43M	252.20M	109.33M	26.05M
Stockholders Equity	-353.90M	-284.20M	1.87M	202.84M	322.76M	91.85M
Cash Flow
Free Cash Flow	-18.40M	-61.30M	-187.20M	-178.06M	-94.33M	-7.49M
Operating Cash Flow	-10.50M	-45.10M	-158.93M	-95.11M	-52.89M	-3.38M
Investing Cash Flow	38.30M	-152.00M	-110.47M	-188.71M	-47.97M	-5.10M
Financing Cash Flow	31.42M	98.20M	304.09M	80.77M	283.13M	114.50M

Hexicon AB Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.22
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:HEXI, the sentiment is Neutral. The current price of 0.22 is below the 20-day moving average (MA) of 0.22, above the 50-day MA of 0.21, and above the 200-day MA of 0.20, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.51 is Neutral, neither overbought nor oversold. The STOCH value of 32.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:HEXI.

Hexicon AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HEXI	45 Neutral	€79.31M	―	―	―	3006.90%	-45.91%
ELTEL	45 Neutral	kr1.36B	-52.22	―	―	-6.41%	90.48%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%