Hexpol AB (SE:HPOL.B)
:HPOL.B
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Hexpol AB
(HPOL.B)
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Rating:75Outperform
Price Target:
kr84.00
▲(4.80% Upside)
Action:Upgraded
Date:05/14/26
The score is driven mainly by solid underlying financial quality (good margins and conservative leverage) and supportive valuation (low P/E and strong dividend yield). Offsetting factors are recent revenue softness and uneven free-cash-flow conversion, alongside mixed technical signals with the price still below longer-term moving averages.
Positive Factors
Sustained Profitability
Consistent gross (~21%) and net (~10%) margins reflect durable pricing power and operational efficiency in specialty compounding. These margins support steady earnings across cycles, enabling reinvestment in formulation R&D and maintaining dividend capacity even during moderate demand swings.
Negative Factors
Top-line Softness
Revenue decline (TTM ~-3.2%) and historically weak recent growth signal structural demand headwinds in key end-markets like automotive and industrial. Persistent top-line erosion reduces operating leverage, limits scalable R&D returns, and pressures the ability to restore prior growth without new end-market gains.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Profitability
Consistent gross (~21%) and net (~10%) margins reflect durable pricing power and operational efficiency in specialty compounding. These margins support steady earnings across cycles, enabling reinvestment in formulation R&D and maintaining dividend capacity even during moderate demand swings.
Read all positive factors
Hexpol AB (HPOL.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr26.04B
Dividend Yield4.87%
Average Volume (3M)465.38K
Price to Earnings (P/E)12.2
Beta (1Y)0.89
Revenue Growth-8.75%
EPS Growth-14.76%
CountrySE
Employees4,945
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)5.36
Shares Outstanding329,671,230
10 Day Avg. Volume393,440
30 Day Avg. Volume465,383
Financial Highlights & Ratios
PEG Ratio-1.24
Price to Book (P/B)2.16
Price to Sales (P/S)1.57
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 Target
kr80.00Price Target Upside-0.19% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)5.57
Revenue Forecast (FY)kr18.93B
Hexpol AB Business Overview & Revenue Model
Company Description
HEXPOL AB (publ) develops, manufactures, and sells various polymer compounds and engineered products in Sweden and internationally. It operates through two business areas, HEXPOL Compounding and HEXPOL Engineered Products. The HEXPOL Compounding b...
How the Company Makes Money
Hexpol makes money primarily by selling (1) customized polymer compounds and (2) engineered rubber products to industrial customers.
1) Polymer compounds (core revenue stream)
- Product revenue: Hexpol formulates and manufactures rubber compounds...
Hexpol AB Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
79
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.71B | 19.32B | 20.44B | 22.05B | 22.24B | 16.00B |
| Gross Profit | 3.93B | 4.06B | 4.37B | 4.86B | 4.34B | 3.47B |
| EBITDA | 3.23B | 3.36B | 3.83B | 4.13B | 3.84B | 3.54B |
| Net Income | 1.85B | 1.94B | 2.22B | 2.52B | 2.48B | 2.36B |
Balance Sheet | ||||||
| Total Assets | 24.74B | 22.96B | 24.88B | 22.51B | 23.55B | 17.96B |
| Cash, Cash Equivalents and Short-Term Investments | 1.97B | 1.15B | 1.23B | 1.10B | 1.54B | 1.32B |
| Total Debt | 4.80B | 4.33B | 3.47B | 2.68B | 4.39B | 2.22B |
| Total Liabilities | 9.77B | 8.94B | 8.94B | 7.93B | 9.79B | 6.31B |
| Stockholders Equity | 14.97B | 14.02B | 15.95B | 14.58B | 13.77B | 11.65B |
Cash Flow | ||||||
| Free Cash Flow | 1.43B | 0.00 | 2.09B | 2.84B | 1.93B | 2.10B |
| Operating Cash Flow | 2.58B | 2.32B | 2.70B | 3.52B | 2.59B | 2.41B |
| Investing Cash Flow | -1.45B | -1.52B | -1.50B | -895.00M | -2.17B | -862.00M |
| Financing Cash Flow | -409.00M | -588.00M | -1.28B | -2.95B | 104.00M | -1.37B |
Hexpol AB Technical Analysis
Positive
80.15
Price Trends
71.01
Positive
73.53
Positive
76.65
Negative
Market Momentum
0.86
Negative
60.99
Neutral
58.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:HPOL.B, the sentiment is Positive. The current price of 80.15 is above the 20-day moving average (MA) of 73.91, above the 50-day MA of 71.01, and above the 200-day MA of 76.65, indicating a neutral trend. The MACD of 0.86 indicates Negative momentum. The RSI at 60.99 is Neutral, neither overbought nor oversold. The STOCH value of 58.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:HPOL.B.
Hexpol AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | kr26.04B | 12.17 | 13.67% | 4.87% | -8.75% | -14.76% | |
68 Neutral | kr19.39B | 12.45 | 9.93% | 2.29% | 16.02% | 5.41% | |
61 Neutral | kr69.65B | 50.43 | ― | 2.49% | -3.98% | -23.70% | |
58 Neutral | kr87.61B | 11.43 | 7.23% | 3.80% | -5.66% | 5.97% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | kr15.90B | -20.67 | 2.55% | 3.81% | -12.11% | -95.84% |
* General Sector Average
SE:HPOL.B
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Hexpol AB Corporate Events
Hexpol AGM Approves Dividend, Board Changes and New EPS-Linked Incentive Plan
May 4, 2026
Hexpol AB’s annual general meeting in Malmö confirmed a largely unchanged board, re-electing six directors, appointing Patrick Nils-Johan Blanchard as a new member and retaining Alf Göransson as chairman, while setting total board ...
Hexpol Holds Margins and Cash Flow Amid Lower Q1 2026 Sales
May 4, 2026
Hexpol reported first-quarter 2026 sales of 4,768 MSEK, down from 5,381 MSEK a year earlier, with EBIT declining to 701 MSEK and the EBIT margin softening to 14.7 percent. Profit after tax fell to 507 MSEK and earnings per share dropped 16 percent...
Hexpol Schedules Webcast for Q1 2026 Interim Report
Apr 21, 2026
Hexpol AB will publish its interim report for the first quarter of 2026 on 4 May around 12:00 CET, followed by a webcast and teleconference presentation at 13:00 CET led by CEO and President Klas Dahlberg and deputy CEO and CFO Peter Rosén. T...
Hexpol Calls 2026 AGM With Postal Voting and Governance Decisions on Agenda
Mar 25, 2026
Hexpol AB has called its 2026 Annual General Meeting for 4 May in Malmö, giving shareholders the option to participate in person, by proxy, or via postal voting in line with Swedish company law and the firm’s articles of association. Sh...
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.