Hexicon AB (SE:HEXI)
:HEXI
Top Page
Hexicon AB
(HEXI)
Select Model
Select Model
Rating:42Neutral
Price Target:
kr0.12
▼(-10.00% Downside)
Action:ReiteratedDate:02/28/26
The score is driven primarily by very weak financial performance (losses, cash burn, and negative equity), which materially increases execution and financing risk. Technicals also lean bearish with the price below key moving averages and a negative MACD. Valuation offers limited support because the negative P/E reflects unprofitable operations and there is no dividend yield provided.
Positive Factors
Specialized offshore-wind developer
Hexicon’s focused expertise in floating offshore wind and end-to-end project development (site selection, early engineering, permitting, design) creates durable domain knowledge and execution capabilities that support repeatable project origination and make it an attractive co-developer or seller to utilities and infrastructure investors.
Negative Factors
Negative shareholders' equity and high leverage
Negative shareholders’ equity signals accumulated losses and removes a capital buffer, increasing insolvency and refinancing risk. High effective leverage limits financial flexibility, raises funding costs, and constrains the company’s ability to fund development timelines or absorb project delays without dilutive or expensive capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Specialized offshore-wind developer
Hexicon’s focused expertise in floating offshore wind and end-to-end project development (site selection, early engineering, permitting, design) creates durable domain knowledge and execution capabilities that support repeatable project origination and make it an attractive co-developer or seller to utilities and infrastructure investors.
Read all positive factors
Hexicon AB (HEXI) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr47.84M
Dividend YieldN/A
Average Volume (3M)336.99K
Price to Earnings (P/E)―
Beta (1Y)0.08
Revenue Growth1461.02%
EPS Growth-48.56%
CountrySE
Employees27
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-0.54
Shares Outstanding363,802,670
10 Day Avg. Volume187,825
30 Day Avg. Volume336,989
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.07
Price to Sales (P/S)2.37
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.22
Revenue Forecast (FY)kr656.18M
Hexicon AB Business Overview & Revenue Model
Company Description
Hexicon AB (HEXI) is a Swedish company specializing in the development of floating offshore wind farms, focusing on innovative solutions for sustainable energy production. The company operates in the renewable energy sector, offering advanced tech...
How the Company Makes Money
Hexicon makes money primarily by creating value in offshore wind projects during the development phase and then realizing that value through transactions tied to those projects. Key revenue streams include: (1) project divestments/asset sales: sel...
Hexicon AB Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
10
Very Negative
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 19.20M | 9.80M | 5.70M | 11.58M | 23.11M |
| Gross Profit | -184.30M | -80.72M | -15.50M | 12.27M | 23.02M |
| EBITDA | -43.50M | -58.80M | -77.30M | -132.74M | -44.16M |
| Net Income | -327.10M | -258.20M | -187.33M | -170.34M | -50.86M |
Balance Sheet | |||||
| Total Assets | 441.20M | 599.20M | 501.64M | 451.58M | 432.18M |
| Cash, Cash Equivalents and Short-Term Investments | 20.30M | 258.24M | 256.89M | 86.64M | 289.59M |
| Total Debt | 996.30M | 753.80M | 387.70M | 80.68M | 1.91M |
| Total Liabilities | 1.07B | 884.20M | 500.43M | 252.20M | 109.33M |
| Stockholders Equity | -631.30M | -284.20M | 1.87M | 202.84M | 322.76M |
Cash Flow | |||||
| Free Cash Flow | 0.00 | -61.30M | -187.20M | -178.06M | -94.33M |
| Operating Cash Flow | -34.70M | -45.10M | -158.93M | -95.11M | -52.89M |
| Investing Cash Flow | -10.50M | -152.00M | -110.47M | -188.71M | -47.97M |
| Financing Cash Flow | 42.60M | 98.20M | 304.09M | 80.77M | 283.13M |
Hexicon AB Technical Analysis
Neutral
0.13
Price Trends
0.15
Negative
0.15
Negative
0.17
Negative
Market Momentum
>-0.01
Negative
53.53
Neutral
50.98
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 0.13 is above the 20-day moving average (MA) of 0.13, below the 50-day MA of 0.15, and below the 200-day MA of 0.17, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 53.53 is Neutral, neither overbought nor oversold. The STOCH value of 50.98 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
UnderperformOutperform
Sector (63)
SE:HEXI
Hexicon AB
0.13
-0.11
-44.96%
SE:ELTEL
Eltel AB
8.36
0.76
10.00%
SE:EOLU.B
Eolus Vind AB Class B
36.95
-13.75
-27.12%
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.