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Hexagon

103,3

 

SEK

 

+7,85 %

HEXA B

NASDAQ Stockholm

Hårdvara

Teknologi

126 investerare följer bolaget.
+7,85%
+1,62%
+2,18%
−10,13%
−14,59%
−1,9%
−20,08%
+35,46%
+19 192,54%
investors.hexagon.com

Hexagon är en global leverantör av tekniska lösningar. Idag är bolaget specialiserat inom utveckling av informationsteknologi som vidare används inom geospatiala och industriella applikationer. Bolagets lösningar integrerar huvudsakligen sensorer, mjukvara, industrikunskap och kunders arbetsflöden till informationsekosystem. Kunderna återfinns på global nivå inom varierande branscher. Hexagon grundades under 1975 och har sitt huvudkontor i Stockholm.

P/E (just.) (24e)
21,07
EV/EBIT (adj.) (24e)
17,12
EV/S (24e)
5,05
Direktavkastnings- % (24e)
1,56 %
Riktkurs
115.00 SEK
Rekommendation
Öka
Uppdaterad
28.10.2024
NASDAQ Stockholm
HEXA B
Dagens lägsta / högsta pris
99,44 / 103,65 SEK
Börsvärde
279,48 md SEK
Omsatt (värde)
919,47 mn SEK
Omsatt (antal)
9 mn
Business risk
Valuation risk
Current
Previous

Senaste analyserna

Hexagon Q3'24: Spin-off could simplify company structure
2024-10-28
Hexagon Q2'24: Temporary weakness creates opportunity
2024-07-29
Lower market activity weighs on growth
2024-04-29

Extensive report

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Analytiker

Pauli Lohi
Pauli Lohi
Analytiker

Senast publicerade videor

Hexagon Q3’24: Soft performance & potential spin-offs
2024-11-11
Hexagon Q2’24: Recurring revenue grows
2024-08-06
Hexagon Q1’24: Growth below estimates
2024-05-17

Finansiell kalender

Årsredovisning
2025-01-31
Delårsrapport
2025-04-30
Bolagsstämma
2025-05-05

Största ägare
Källa: Millistream Market Data AB

ÄgareKapitalRöster
Melker Schörling AB21,5 %42,6 %
State Street Bank and Trust Co, W9 8,2 %6,0 %
Swedbank Robur Funds6,4 %4,7 %
JPM Chase NA4,4 %3,2 %
Alecta Pensionsförsäkring, Ömsesidigt3,4 %2,5 %
AMF Försäkring och Fonder2,7 %2,0 %
Handelsbanken Fonder2,6 %1,9 %
J.P. Morgan Clearing Corp, W92,4 %1,7 %
BNY Mellon NA (Former Mellon), W92,0 %1,4 %
SEB Investment Management1,9 %1,4 %

Forum uppdateringar

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New interview on hexagon with @pauli.lohi Inderes Hexagon Q2’24: Recurring revenue grows - Inderes Time: 2024-08-06 09:16 Hexagon suffered from cyclical headwinds in Q2 but also demonstrated strong underlying development with good growth in recurring revenue and improved efficiency. Analyst Pauli Lohi comments on this development and the company’s...
Pia Maljanen
2024-08-06 07:34💙 4
Q2 growth ended up weaker than we expected, which was also reflected in earnings, even if the relative profitability was rather strong. Sales came in 3% below our estimate and 4% below consensus. Adjusted EBIT was 2% below our estimate and 4.5% below consensus. Here you can find the division-specific organic sales growth figures (y/y). Large segments with material hardware sales, such as Manufacturing Intelligence and Geosystems, suffered due to cyclical headwinds in their certain important end-markets (automotive for MI and construction for Geosystems). However, recurring revenues, including software and services, grew by 8% year-over-year, indicating an improvement in the quality of revenue as expected. The gross margin reached an all-time high, and operational efficiency measures helped maintain the EBIT margin at a good level. This development signals good potential for earnings growth once the cyclical industries recover.
Pauli Lohi
2024-07-26 06:26💙 3
Hexagon reported today its earnings from Q1 2024. Organic growth was 3 % (our estimate was 5 %) Net sales came 3 % below our and consensus estimate Adjusted EBIT was 4 % below our estimate. Reported EBIT and EPS were 7 % below our estimate. Weakness in organic sales growth was rather broad-based. Only Manufacturing Intelligence reached the estimated level of growth. All other divisions grew less than we expected.
Pauli Lohi
2024-04-26 06:28💙 3
Ny analys om Hexagon ute nu. Inderes Low risk, low reward - Inderes Q4 earnings provided a small positive surprise. Earnings will most likely continue to improve in 2024-25, but the pace of growth is likely to slow after a strong cycle in 2021-23. Organic growth...
Jesper Hagman
2024-02-02 08:30💙 3
Discussed Hexagon with @pauli.lohi last week!
Sara Antonacci
2024-01-30 12:51💙 3
Ny intervju med analytiker Pauli Lohi om Hexagon på engelska
Pia Maljanen
2024-11-12 07:15💙 2
Very interesting read about Hexagon and Vaisala! Inderes Hexagon and Vaisala: Quality companies are the ones to buy, especially in... How do you find good buying opportunities in growing quality companies such as Vaisala and Hexagon, which almost always look expensive relative to their near-term performance? We believe these companies should be bought when the market fears the...
Jesper Hagman
2024-09-04 10:26💙 2

Resultaträkning

20202021202220232024e2025e2026e2027e
Omsättning3 764,44 341,15 160,55 435,25 406,65 713,26 063,16 375,6
tillväxt-%−3,7 %15,3 %18,9 %5,3 %−0,5 %5,7 %6,1 %5,2 %
EBITDA1 321,21 588,71 753,71 779,01 984,42 138,82 334,22 456,2
EBIT (adj.)1 009,51 269,61 517,81 596,71 596,41 726,81 851,41 955,4
EBIT787,01 009,81 286,71 216,01 429,41 558,81 705,81 827,8
Vinst före skatt759,6983,61 248,01 060,71 260,41 418,81 590,81 727,8
Nettoresultat618,1801,61 007,6858,91 011,81 133,61 274,51 363,3
EPS (adj.)0,310,390,440,430,430,470,520,55
tillväxt-%−1,2 %25,3 %14,2 %−2,2 %−1,6 %10,7 %9,7 %5,4 %
Utdelning0,090,110,120,130,140,150,160,17
Utdelningskvot38,6 %37,1 %32,0 %40,6 %37,1 %35,5 %33,7 %33,5 %

Lönsamhet och avkastning på kapital

20202021202220232024e2025e2026e2027e
EBITDA-%35,1 %36,6 %34,0 %32,7 %36,7 %37,4 %38,5 %38,5 %
EBIT-%26,8 %29,2 %29,4 %29,4 %29,5 %30,2 %30,5 %30,7 %
EBIT-%20,9 %23,3 %24,9 %22,4 %26,4 %27,3 %28,1 %28,7 %
ROE10,3 %10,9 %10,9 %8,7 %9,8 %10,3 %10,7 %10,7 %
ROI9,2 %9,9 %10,1 %8,7 %10,0 %10,7 %11,6 %12,4 %

Värdering

20202021202220232024e2025e2026e2027e
Pris per aktie (EUR)74,7214,089,799,138,998,998,998,99
Aktier366,92 705,52 689,72 684,32 684,32 684,32 684,32 684,3
Börsvärde27 415,138 094,526 345,024 505,824 129,224 129,224 129,224 129,2
Rörelsevärde29 665,640 560,329 654,727 913,127 325,426 621,425 768,224 863,8
EV/S7,99,35,75,15,14,74,23,9
EV/EBITDA22,525,516,915,713,812,411,010,1
EV/EBIT (adj.)29,431,919,517,517,115,413,912,7
EV/EBIT37,740,223,023,019,117,115,113,6
P/E (just.)241,136,322,121,121,119,017,316,5
P/E310,545,726,128,523,821,318,917,7
P/B4,64,42,72,42,32,12,01,8
P/S7,38,85,14,54,54,24,03,8
Direktavkastning0,1 %0,8 %1,2 %1,4 %1,6 %1,7 %1,8 %1,9 %
Soliditet55,6 %62,2 %59,9 %59,5 %62,5 %66,3 %70,8 %75,6 %
Skuldsättning37,8 %28,1 %34,3 %35,2 %29,8 %21,7 %13,3 %5,5 %

Kvartalsuppgifter

Q4/232023Q1/24Q2/24Q3/24Q4/24e2024eQ1/25eQ2/25e
Omsättning1 435,35 435,21 299,91 353,41 299,81 453,55 406,6
EBITDA565,31 779,0470,7497,1474,9541,71 984,4
EBIT390,61 216,0335,9360,5334,4398,61 429,4
Vinst före skatt341,31 060,7293,2318,4290,2358,61 260,4
Nettoresultat277,2858,9237,8258,0235,2280,81 011,8
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VisarAlla typer av innehåll
Analytikerkommentar av
Pauli Lohi

Hexagon: CEO to change in conjunction with a big strategic shift

Hexagon is in the process of replacing the company’s CEO. We believe that the change stems from a disappointment in the company’s recent results and the Board’s desire to boost growth going forward. The timing of the CEO change coincides with the proposed splitting of Hexagon group into two separate entities with the aim of improving the company’s growth potential through more focused strategies.

Hexagon

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Hexagon Q3'24: Spin-off could simplify company structure
Aktieanalys av
Pauli Lohi

Hexagon Q3'24: Spin-off could simplify company structure

Cyclical headwinds continued in Q3, and a material recovery might not yet take place in Q4. We estimate growth to rebound in 2025-26 as the relatively low comparison figures and lower interest-rates increasingly supporting industrial activity.

Hexagon
Hexagon Q2’24: Recurring revenue grows
Video av
Pauli Lohi, Pia Maljanen

Hexagon Q2’24: Recurring revenue grows

Hexagon suffered from cyclical headwinds in Q2 but also demonstrated strong underlying development with good growth in recurring revenue and improved efficiency. Analyst Pauli Lohi comments on this development and the company’s outlook.

Hexagon
Hexagon Q2'24: Temporary weakness creates opportunity
Aktieanalys av
Pauli Lohi

Hexagon Q2'24: Temporary weakness creates opportunity

Q2 performance suffered from cyclical headwinds, but Hexagon also demonstrated strong underlying development such as good growth in recurring software revenue and improved efficiency. A cyclical recovery is not yet in sight in the near term, but we expect the underlying positive development to be increasingly reflected in earnings in Q4 and 2025.

Hexagon