Hexicon AB (HEXI) AI Stock Analysis

• Market Cap: kr41.84M
• Dividend Yield: N/A
• Average Volume (3M): 336.99K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.19
• Revenue Growth: 1461.02%
• EPS Growth: -48.56%
• Country: SE
• Employees: 27
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): -0.20
• Shares Outstanding: 363,802,670
• 10 Day Avg. Volume: 187,825
• 30 Day Avg. Volume: 336,989
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 38 Underperform
• Price Target: kr0.12 ▼(-6.92% Downside)

Hexicon AB's overall stock score is primarily impacted by its poor financial performance and valuation. The company faces significant financial challenges, including persistent losses and high leverage. Technical analysis indicates bearish momentum, with the stock trading below key moving averages and technical indicators suggesting oversold conditions. The lack of profitability and absence of a dividend yield further contribute to the low score.

Positive Factors

Revenue Growth

Hexicon's substantial revenue growth indicates strong demand for its floating wind technology, suggesting successful market penetration and potential for future expansion.

Market Position

Hexicon's focus on innovative floating offshore wind solutions positions it well in the growing renewable energy sector, offering a competitive edge in sustainable energy production.

Partnerships and Collaborations

Collaborations with major energy companies enhance Hexicon's credibility and market reach, facilitating access to new projects and revenue streams.

Negative Factors

Financial Stability

Hexicon's negative equity and high leverage indicate financial instability, which could hinder its ability to invest in growth and manage economic downturns.

Profitability Challenges

Persistent negative profit margins highlight ongoing profitability issues, which may limit Hexicon's capacity to reinvest in its business and sustain operations long-term.

Cash Flow Difficulties

Negative cash flows suggest liquidity issues, potentially restricting Hexicon's ability to fund operations and growth initiatives without external financing.

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 technologies and services related to the design, construction, and operation of floating wind turbine systems. Hexicon is known for its commitment to providing clean energy solutions that help reduce carbon emissions and promote environmental sustainability.

How the Company Makes Money

Hexicon AB generates revenue primarily through the development and commercialization of its proprietary floating wind technology. The company earns income by securing contracts for the design and construction of offshore wind projects, often in collaboration with energy companies, government agencies, and other stakeholders in the renewable energy sector. Key revenue streams include project development fees, technology licensing agreements, and long-term service contracts for the maintenance and operation of wind farms. Significant partnerships with established energy firms and investments from public and private entities also contribute to its earnings, enabling Hexicon to scale its operations and expand its market reach.

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	92.10M	9.80M	5.70M	11.58M	23.11M	4.36M
Gross Profit	26.80M	-80.72M	-15.50M	12.27M	23.02M	4.13M
EBITDA	-13.50M	-58.80M	-77.30M	-132.74M	-44.16M	-35.46M
Net Income	-259.90M	-258.20M	-187.33M	-170.34M	-50.86M	-38.01M
Balance Sheet
Total Assets	599.70M	599.20M	501.64M	451.58M	432.18M	117.90M
Cash, Cash Equivalents and Short-Term Investments	15.90M	258.24M	256.89M	86.64M	289.59M	106.59M
Total Debt	932.00M	753.80M	387.70M	80.68M	1.91M	741.00K
Total Liabilities	1.03B	884.20M	500.43M	252.20M	109.33M	26.05M
Stockholders Equity	-431.80M	-284.20M	1.87M	202.84M	322.76M	91.85M
Cash Flow
Free Cash Flow	-6.70M	-61.30M	-187.20M	-178.06M	-94.33M	-7.49M
Operating Cash Flow	-100.00K	-45.10M	-158.93M	-95.11M	-52.89M	-3.38M
Investing Cash Flow	-47.00M	-152.00M	-110.47M	-188.71M	-47.97M	-5.10M
Financing Cash Flow	118.72M	98.20M	304.09M	80.77M	283.13M	114.50M

Hexicon AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.13
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• 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 Negative. The current price of 0.13 is below the 20-day moving average (MA) of 0.15, below the 50-day MA of 0.17, and below the 200-day MA of 0.20, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 30.03 is Neutral, neither overbought nor oversold. The STOCH value of 29.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:HEXI.

Hexicon AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
ELTEL	56 Neutral	kr1.45B	107.07	0.72%	―	-6.38%	―
HEXI	38 Underperform	kr41.84M	-0.16	―	―	1461.02%	-48.56%