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Hexagon AB
(HEXA.B)
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Rating:77Outperform
Price Target:
kr109.00
▲(30.76% Upside)
Action:Reiterated
Date:07/30/26
The score is driven primarily by solid financial fundamentals (strong margins, improving leverage, and healthy free cash flow) and a clearly positive price trend above all major moving averages. A low P/E further supports the rating. Offsetting factors include the latest TTM revenue decline (-6.3%) and some cash conversion variability, which temper the otherwise strong setup.
Positive Factors
High gross margins
Sustained gross margins near the mid-60s% indicate structural pricing power and high value-add in Hexagon's software and hardware mix. That margin cushion supports R&D, recurring-service economics, and resilience to input cost swings over the next several quarters.
Negative Factors
Top-line contraction
A recent trailing-twelve-month revenue decline suggests demand headwinds or slower expansion in end markets. Persistent top-line weakness can erode operating leverage, reduce recurring subscription rollovers, and pressure long-term margins and investment capacity if not reversed.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margins
Sustained gross margins near the mid-60s% indicate structural pricing power and high value-add in Hexagon's software and hardware mix. That margin cushion supports R&D, recurring-service economics, and resilience to input cost swings over the next several quarters.
Read all positive factors
Hexagon AB (HEXA.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr258.56B
Dividend Yield1.36%
Average Volume (3M)4.22M
Price to Earnings (P/E)42.2
Beta (1Y)1.37
Revenue Growth-15.51%
EPS Growth-47.18%
CountrySE
Employees16,036
SectorGeneral
Sector StrengthN/A
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)0.21
Shares Outstanding2,595,227,800
10 Day Avg. Volume3,624,998
30 Day Avg. Volume4,223,845
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
kr92.00Price Target Upside10.36% Upside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)0.32
Revenue Forecast (FY)kr4.14B
Hexagon AB Business Overview & Revenue Model
Company Description
Hexagon AB (publ) is a global technology firm that delivers cutting-edge information technology solutions across both industrial and geospatial domains. The company's operations are organized into two primary divisions. The Industrial Enterprise S...
How the Company Makes Money
Hexagon makes money primarily by selling software and technology solutions that help customers capture real-world data and turn it into actionable digital information across industrial and geospatial workflows. Key revenue streams include: (1) Sof...
Hexagon AB Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
74
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.76B | 5.42B | 5.40B | 5.44B | 5.16B | 4.34B |
| Gross Profit | 3.05B | 3.60B | 3.61B | 3.54B | 3.36B | 2.80B |
| EBITDA | 3.34B | 1.73B | 2.01B | 1.78B | 1.75B | 1.58B |
| Net Income | 544.50M | 617.40M | 1.02B | 858.90M | 1.01B | 801.60M |
Balance Sheet | ||||||
| Total Assets | 10.32B | 17.11B | 17.85B | 16.88B | 16.48B | 14.10B |
| Cash, Cash Equivalents and Short-Term Investments | 2.16B | 758.20M | 663.80M | 547.10M | 486.30M | 472.10M |
| Total Debt | 2.64B | 4.11B | 3.83B | 4.08B | 3.87B | 2.94B |
| Total Liabilities | 4.68B | 6.85B | 6.65B | 6.84B | 6.61B | 5.33B |
| Stockholders Equity | 5.61B | 10.22B | 11.16B | 10.01B | 9.83B | 8.73B |
Cash Flow | ||||||
| Free Cash Flow | 1.22B | 1.02B | 955.90M | 743.80M | 763.30M | 898.70M |
| Operating Cash Flow | 1.61B | 1.62B | 1.59B | 1.37B | 1.33B | 1.32B |
| Investing Cash Flow | 1.91B | -1.26B | -710.10M | -1.03B | -1.80B | -1.17B |
| Financing Cash Flow | -1.54B | -177.40M | -764.10M | -249.30M | 493.30M | -86.50M |
Hexagon AB Technical Analysis
Positive
83.36
Price Trends
90.26
Positive
86.80
Positive
85.77
Positive
Market Momentum
1.99
Positive
50.98
Neutral
11.80
Positive
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 83.36 is below the 20-day moving average (MA) of 98.02, below the 50-day MA of 90.26, and below the 200-day MA of 85.77, indicating a neutral trend. The MACD of 1.99 indicates Positive momentum. The RSI at 50.98 is Neutral, neither overbought nor oversold. The STOCH value of 11.80 is Positive, 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | kr258.56B | 42.22 | 5.75% | 1.36% | -15.51% | -47.18% | |
63 Neutral | kr484.28M | 12.03 | 6.72% | ― | 4.44% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | kr58.46M | -19.37 | ― | ― | 44.01% | 72.49% | |
42 Neutral | kr8.51M | -0.28 | -179.94% | ― | 30.87% | 30.31% |
* General Sector Average
SE:HEXA.B
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Hexagon AB Corporate Events
Hexagon AB Delivers Double-Digit Organic Growth and Margin Gains in Q2 2026
Jul 29, 2026
Hexagon AB reported a strong second quarter for 2026, with operating net sales rising to 1,050.2 MEUR and organic growth reaching 12 percent, driven by robust demand in aerospace and defence, general manufacturing and electronics. The company also...
Hexagon spin‑off Octave Intelligence lists on Nasdaq Stockholm and prepares U.S. debut
May 25, 2026
Hexagon AB, the Swedish measurement‑technology group, has spun off its wholly owned software subsidiary Octave Intelligence plc to shareholders, distributing one Octave share for every ten Hexagon shares held, differentiated by share class. ...
Hexagon spins off Octave Intelligence with dual Nasdaq listings
May 12, 2026
Hexagon AB is spinning off its wholly owned software subsidiary Octave Intelligence plc to shareholders, positioning the new company as a standalone provider of mission-critical asset lifecycle software that turns complex operational data into act...
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.