Want to see SE:HEXI full AI Analyst Report?
Top Page
Hexicon AB
(HEXI)
Select Model
Select Model
Rating:45Neutral
Price Target:
kr0.11
▼(-16.92% Downside)
Action:Reiterated
Date:09/23/26
The score is primarily weighed down by very weak financial performance—sharp TTM revenue collapse, deep ongoing losses, negative equity, and negative operating/free cash flow. Technicals provide only limited support (minor short-term uptick but still below longer-term averages), while valuation is constrained by loss-making status and no provided dividend yield.
Positive Factors
Floating offshore wind specialization
Hexicon's concentration on floating offshore wind gives it a defined position in a specialized renewable-energy segment, while early-stage origination and project maturation create a repeatable development capability. This specialization can support value creation as projects advance.
Negative Factors
Severe revenue contraction
TTM revenue fell about 87.8% versus the prior period, following several years of volatility. Such a sharp contraction reduces the scale available to absorb development costs, weakens operating leverage, and makes near-term revenue conversion less dependable.
Read all positive and negative factors
Positive Factors
Negative Factors
Floating offshore wind specialization
Hexicon's concentration on floating offshore wind gives it a defined position in a specialized renewable-energy segment, while early-stage origination and project maturation create a repeatable development capability. This specialization can support value creation as projects advance.
Read all positive factors
Hexicon AB (HEXI) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr41.29M
Dividend YieldN/A
Average Volume (3M)928.38K
Price to Earnings (P/E)―
Beta (1Y)0.37
Revenue Growth-88.46%
EPS Growth-49.95%
CountrySE
Employees18
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-0.99
Shares Outstanding363,802,670
10 Day Avg. Volume734,955
30 Day Avg. Volume928,381
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.07
Price to Sales (P/S)2.37
P/FCF Ratio-0.82
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 (publ) specializes in the design, manufacturing, sales, and operation of offshore wave and wind energy systems. The company is particularly known for developing, constructing, and managing floating offshore wind farms. It innovates with...
How the Company Makes Money
Hexicon’s business model is centered on offshore wind project development rather than operating wind farms for long-term electricity sales. The company generally makes money by (1) developing offshore wind projects and then monetizing its stakes t...
Hexicon AB Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.40M | 19.20M | 9.80M | 5.70M | 11.58M | 23.11M |
| Gross Profit | -184.70M | -184.30M | -80.72M | -15.50M | 12.27M | 23.02M |
| EBITDA | -44.00M | -43.50M | -58.83M | -81.41M | -132.74M | -44.16M |
| Net Income | -361.50M | -327.10M | -258.20M | -187.33M | -170.34M | -50.86M |
Balance Sheet | ||||||
| Total Assets | 385.40M | 441.20M | 599.20M | 501.64M | 451.58M | 432.18M |
| Cash, Cash Equivalents and Short-Term Investments | 3.30M | 20.30M | 258.24M | 256.89M | 86.64M | 289.59M |
| Total Debt | 941.50M | 996.30M | 753.80M | 387.70M | 80.68M | 1.91M |
| Total Liabilities | 1.01B | 1.07B | 884.20M | 500.43M | 252.20M | 109.33M |
| Stockholders Equity | -624.40M | -631.30M | -284.20M | 1.87M | 202.84M | 322.76M |
Cash Flow | ||||||
| Free Cash Flow | -55.10M | -55.37M | -61.30M | -187.20M | -178.06M | -94.33M |
| Operating Cash Flow | -54.40M | -34.70M | -45.10M | -158.93M | -95.11M | -52.89M |
| Investing Cash Flow | -6.30M | -10.50M | -152.00M | -110.47M | -188.71M | -47.97M |
| Financing Cash Flow | 52.80M | 42.60M | 98.20M | 304.09M | 80.77M | 283.13M |
Hexicon AB Technical Analysis
Negative
0.13
Price Trends
0.11
Positive
0.14
Negative
0.14
Negative
Market Momentum
<0.01
Negative
49.94
Neutral
35.00
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 above the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.11, and below the 200-day MA of 0.14, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 49.94 is Neutral, neither overbought nor oversold. The STOCH value of 35.00 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | kr46.15B | 20.08 | 18.15% | 2.92% | 5.87% | 7.65% | |
68 Neutral | kr108.23B | 16.13 | 10.96% | 5.32% | -5.70% | 6.78% | |
64 Neutral | kr1.21B | -4.08 | -22.52% | 4.66% | -28.36% | -201.77% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | kr11.65B | 14.73 | 6.19% | 5.84% | -5.02% | -15.85% | |
48 Neutral | kr16.40B | 224.56 | 1.00% | 6.30% | -10.38% | -95.01% | |
45 Neutral | kr41.29M | -0.12 | 61.06% | ― | -88.46% | -49.95% |
* Industrials Sector Average
SE:HEXI
Hexicon AB
0.12
-0.09
-43.96%
SE:NCC.B
NCC AB
177.40
-23.50
-11.70%
SE:SKA.B
Skanska AB
258.40
7.14
2.84%
SE:SWEC.B
Sweco AB
126.90
-29.80
-19.02%
SE:AFRY
AFRY AB Class B
102.80
-58.49
-36.27%
SE:EOLU.B
Eolus Vind AB Class B
48.25
8.24
20.60%
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.