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Hexpol AB
(HPOL.B)
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Rating:71Outperform
Price Target:
kr95.00
▲(18.53% Upside)
Action:Reiterated
Date:07/22/26
The score is driven primarily by solid financial performance (healthy profitability, conservative leverage, and strong free cash flow) and supported by reasonable valuation with a high dividend yield. The main offset is technicals showing an overbought, extended setup despite positive momentum.
Positive Factors
Strong free cash flow conversion
Hexpol converts a large share of earnings into cash (FCF ~mid-80% of net income TTM). This durable cash-generation capacity supports recurring capex, dividends and selective M&A, and provides financial flexibility through cycles, strengthening long-term capital allocation.
Negative Factors
Choppy revenue trends
Inconsistent top-line performance—negative revenue growth across 2023–2025 with a rebound only in the TTM—reduces visibility into sustainable demand levels. This unpredictability complicates capacity planning, margin management and medium-term cash flow forecasting for capital allocation.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow conversion
Hexpol converts a large share of earnings into cash (FCF ~mid-80% of net income TTM). This durable cash-generation capacity supports recurring capex, dividends and selective M&A, and provides financial flexibility through cycles, strengthening long-term capital allocation.
Read all positive factors
Hexpol AB (HPOL.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr33.05B
Dividend Yield4.38%
Average Volume (3M)367.86K
Price to Earnings (P/E)18.1
Beta (1Y)0.98
Revenue Growth-5.26%
EPS Growth-10.87%
CountrySE
Employees5,073
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)5.30
Shares Outstanding329,671,230
10 Day Avg. Volume509,772
30 Day Avg. Volume367,860
Financial Highlights & Ratios
PEG Ratio-1.24
Price to Book (P/B)2.16
Price to Sales (P/S)1.57
P/FCF Ratio17.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr100.00Price Target Upside24.77% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)6.02
Revenue Forecast (FY)kr19.68B
Hexpol AB Business Overview & Revenue Model
Company Description
HEXPOL AB (publ) is an international firm engaged in the development, manufacturing, and sale of a wide array of polymer compounds and specialized engineered products. Its activities are organized into two primary divisions: HEXPOL Compounding and...
How the Company Makes Money
Hexpol primarily makes money by selling proprietary polymer compounds and engineered elastomer products to industrial customers, with revenue recognized from the delivery of these materials and products under customer contracts. Key revenue stream...
Hexpol AB Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.99B | 19.32B | 20.44B | 22.05B | 22.24B | 16.00B |
| Gross Profit | 4.00B | 4.06B | 4.37B | 4.86B | 4.34B | 3.47B |
| EBITDA | 3.26B | 3.36B | 3.83B | 4.13B | 3.84B | 3.54B |
| Net Income | 1.83B | 1.94B | 2.22B | 2.52B | 2.48B | 2.36B |
Balance Sheet | ||||||
| Total Assets | 25.52B | 22.96B | 24.88B | 22.51B | 23.55B | 17.96B |
| Cash, Cash Equivalents and Short-Term Investments | 1.61B | 1.15B | 1.23B | 1.10B | 1.54B | 1.32B |
| Total Debt | 5.38B | 4.33B | 3.47B | 2.68B | 4.39B | 2.22B |
| Total Liabilities | 11.10B | 8.94B | 8.94B | 7.93B | 9.79B | 6.31B |
| Stockholders Equity | 14.42B | 14.02B | 15.95B | 14.58B | 13.77B | 11.65B |
Cash Flow | ||||||
| Free Cash Flow | 2.31B | 1.76B | 2.09B | 2.84B | 1.93B | 2.10B |
| Operating Cash Flow | 2.81B | 2.32B | 2.70B | 3.52B | 2.59B | 2.41B |
| Investing Cash Flow | -507.00M | -1.52B | -1.50B | -895.00M | -2.17B | -862.00M |
| Financing Cash Flow | -1.67B | -588.00M | -1.28B | -2.95B | 104.00M | -1.37B |
Hexpol AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | kr27.58M | 7.94 | ― | ― | -17.14% | 88.76% | |
71 Outperform | kr33.05B | 18.10 | 12.72% | 4.38% | -5.26% | -10.87% | |
66 Neutral | kr2.28B | 25.87 | ― | 1.62% | -0.75% | 2.22% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | kr144.28M | 49.13 | 1.04% | 6.84% | -14.23% | 84.80% | |
47 Neutral | kr39.80M | -0.80 | -82.08% | 0.00% | -12.33% | 62.52% | |
40 Underperform | kr65.96M | -1.19 | -176.65% | ― | -21.95% | -28.77% |
* General Sector Average
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Hexpol AB Corporate Events
Hexpol Plans Leadership Transition in Global Rubber Compounding Business
Jul 30, 2026
Hexpol AB, a global market leader in rubber compounding, operates specialized compounding businesses across Europe and Asia, supplying advanced rubber materials to industrial customers and relying on long-established management teams to sustain it...
Hexpol Delivers Organic Q2 Growth but Faces Margin Pressure in 2026 Half-Year
Jul 20, 2026
Hexpol reported a robust second quarter in 2026, delivering organic sales growth with revenues rising to 5,280 MSEK from 4,997 MSEK, while adjusted EBIT improved slightly to 772 MSEK. However, margins softened year on year, with the adjusted EBIT ...
Hexpol Lifts Q2 Sales on Strong Organic Growth Amid Raw Material Volatility
Jul 20, 2026
Hexpol AB reported increased second-quarter sales and earnings driven by strong organic growth, particularly in its newer Thermoplastic Compounding business, as it focused on maintaining and expanding market share in key segments. The group saw re...
Hexpol Sets July 20 Presentation for Q2 2026 Interim Report
Jul 6, 2026
Hexpol will publish its interim report for the second quarter of 2026 on July 20, with deputy CEO and CFO Peter Rosén presenting the results in an English-language conference call and webcast. The presentation, which will be followed by a QA ...
Hexpol Appoints Board Member Henrik Elmin as New CEO to Drive 2030 Strategy
May 25, 2026
Hexpol AB has announced a leadership change, with current board member Henrik Elmin appointed CEO and president effective 1 August, while CFO Peter Rosén will serve as acting CEO until then. Elmin, who brings extensive international experienc...
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...
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.