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Hexagon AB
(HEXA.B)
Select Model
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Rating:71Outperform
Price Target:
kr117.00
▲(40.36% Upside)
Action:Reiterated
Date:10/24/26
The score reflects solid underlying financial performance (strong margins and reliable free cash flow) and a clearly positive technical trend (price above all key moving averages with supportive momentum). These positives are tempered by expensive valuation (high P/E) and recent fundamental deceleration (TTM revenue and free cash flow down, with slightly higher leverage).
Positive Factors
Strong Gross Margins
Consistently high gross margins indicate meaningful value capture across Hexagon’s software, sensor, and integrated technology offerings. This profitability provides room to fund product development, support customer adoption, and absorb moderate cost pressure while preserving the economics of the business.
Negative Factors
Revenue Contraction
Flat annual revenue followed by a 5.5% TTM decline signals that recent growth has weakened materially after the stronger 2021–2022 period. Sustained top-line stagnation could limit operating leverage, reduce reinvestment capacity, and make future earnings more dependent on cost control.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Gross Margins
Consistently high gross margins indicate meaningful value capture across Hexagon’s software, sensor, and integrated technology offerings. This profitability provides room to fund product development, support customer adoption, and absorb moderate cost pressure while preserving the economics of the business.
Read all positive factors
Hexagon AB (HEXA.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr295.55B
Dividend Yield1.19%
Average Volume (3M)4.05M
Price to Earnings (P/E)25.8
Beta (1Y)1.30
Revenue Growth-19.64%
EPS Growth44.57%
CountrySE
Employees16,117
SectorGeneral
Sector StrengthN/A
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)0.39
Shares Outstanding2,595,227,800
10 Day Avg. Volume4,445,184
30 Day Avg. Volume4,047,156
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
kr102.50Price Target Upside22.96% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)0.32
Revenue Forecast (FY)kr4.20B
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 and supporting a mix of software, hardware (sensor and measurement/positioning devices), and related services that enable customers to measure, map, design, simulate, and operate physical assets and process...
Hexagon AB Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
70
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.50B | 5.42B | 5.40B | 5.44B | 5.16B | 4.34B |
| Gross Profit | 2.85B | 3.60B | 3.61B | 3.54B | 3.36B | 2.80B |
| EBITDA | 3.12B | 1.73B | 2.01B | 1.78B | 1.75B | 1.58B |
| Net Income | 1.03B | 617.40M | 1.02B | 858.90M | 1.01B | 801.60M |
Balance Sheet | ||||||
| Total Assets | 10.52B | 17.11B | 17.85B | 16.88B | 16.48B | 14.10B |
| Cash, Cash Equivalents and Short-Term Investments | 1.96B | 758.20M | 663.80M | 547.10M | 486.30M | 472.10M |
| Total Debt | 2.40B | 4.11B | 3.83B | 4.08B | 3.87B | 2.94B |
| Total Liabilities | 4.46B | 6.85B | 6.65B | 6.84B | 6.61B | 5.33B |
| Stockholders Equity | 6.06B | 10.22B | 11.16B | 10.01B | 9.83B | 8.73B |
Cash Flow | ||||||
| Free Cash Flow | 1.16B | 1.02B | 955.90M | 743.80M | 763.30M | 898.70M |
| Operating Cash Flow | 1.55B | 1.62B | 1.59B | 1.37B | 1.33B | 1.32B |
| Investing Cash Flow | 1.90B | -1.26B | -710.10M | -1.03B | -1.80B | -1.17B |
| Financing Cash Flow | -1.71B | -177.40M | -764.10M | -249.30M | 493.30M | -86.50M |
Hexagon AB Technical Analysis
Positive
83.36
Price Trends
100.32
Positive
93.23
Positive
87.72
Positive
Market Momentum
2.74
Negative
70.97
Negative
97.90
Negative
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 104.83, below the 50-day MA of 100.32, and below the 200-day MA of 87.72, indicating a bullish trend. The MACD of 2.74 indicates Negative momentum. The RSI at 70.97 is Negative, neither overbought nor oversold. The STOCH value of 97.90 is Negative, 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | kr295.55B | 25.78 | 12.13% | 1.19% | -19.64% | 44.57% | |
63 Neutral | kr489.46M | 12.16 | 6.72% | ― | 4.44% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | kr672.32M | -29.65 | ― | ― | 14.10% | -29.31% | |
46 Neutral | kr9.18M | -0.33 | -210.34% | ― | 30.87% | 30.31% | |
43 Neutral | kr44.52M | -6.10 | ― | ― | 15.89% | 25.28% |
* General Sector Average
SE:HEXA.B
Hexagon AB
110.10
13.11
13.52%
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Hexagon AB Corporate Events
Hexagon Delivers Five-Year High in Organic Growth as All Business Areas Advance
Oct 23, 2026
Hexagon AB reported its strongest organic growth in five years for the third quarter of 2026, with operating net sales rising 13% to 1,049.1 MEUR and all business areas contributing. Autonomous Solutions grew 23% and Manufacturing Intelligence 16%...
Hexagon Poised for €500m Non‑Cash Gain After Unitree IPO
Aug 19, 2026
Hexagon AB, a leading provider of precision measurement and autonomous solutions to industries from aerospace and defence to construction and mining, operates in 50 countries with about 16,000 employees and annual net sales of roughly €3.7bn...
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...
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.