HEXAGON COMPOSITES ASA |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 16.78 NOK | +0.36% |
|
-0.36% | -41.90% |
| Apr. 23 | Hexagon Composites, Linde Launch New Smart Cylinder in Norway | MT |
| Apr. 16 | Hexagon Composites CEO/President to Step Down | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 6,591 | 10,927 | 6,555 | 5,505 | 5,783 | 3,374 | - | - |
| Enterprise Value (EV) 1 | 7,670 | 10,484 | 7,427 | 7,060 | 7,186 | 4,912 | 4,674 | 4,052 |
| P/E ratio | 50.5 x | -68.4 x | -20 x | -12.9 x | 5.27 x | -43.6 x | 13.6 x | 7.2 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 1.93 x | 3.55 x | 1.85 x | 1.12 x | 1.12 x | 0.62 x | 0.52 x | 0.5 x |
| EV / Revenue | 2.25 x | 3.4 x | 2.1 x | 1.43 x | 1.39 x | 0.91 x | 0.72 x | 0.6 x |
| EV / EBITDA | 21.3 x | 47.9 x | 64.3 x | -109 x | 15 x | 7.84 x | 5.26 x | 3.97 x |
| EV / FCF | -6.84 x | 127 x | -11.5 x | -16.8 x | -42.4 x | 246 x | 13.5 x | 10 x |
| FCF Yield | -14.6% | 0.79% | -8.7% | -5.96% | -2.36% | 0.41% | 7.42% | 9.97% |
| Price to Book | 3.09 x | 3.07 x | 2.11 x | 1.59 x | - | 0.99 x | 0.88 x | 0.77 x |
| Nbr of stocks (in thousands) | 181,316 | 199,768 | 200,203 | 200,926 | 200,240 | 201,053 | - | - |
| Reference price 2 | 36.35 | 54.70 | 32.74 | 27.40 | 28.88 | 16.78 | 16.78 | 16.78 |
| Announcement Date | 2/12/20 | 2/17/21 | 2/17/22 | 2/16/23 | 2/15/24 | - | - | - |
1NOK in Million2NOK
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,416 | 3,080 | 3,542 | 4,932 | 5,186 | 5,412 | 6,448 | 6,798 |
| EBITDA 1 | 360.7 | 219 | 115.4 | -64.66 | 479.7 | 626.4 | 888.2 | 1,020 |
| EBIT 1 | 51.46 | -58.71 | -147.4 | -396.8 | 221.2 | 346.4 | 598.4 | 748.3 |
| Operating Margin | 1.51% | -1.91% | -4.16% | -8.04% | 4.26% | 6.4% | 9.28% | 11.01% |
| Earnings before Tax (EBT) 1 | 112.2 | -52.84 | -295 | -418.6 | -933 | -127 | 281 | 603 |
| Net income 1 | 108 | -145.3 | -237.3 | -426.4 | 1,233 | -77.96 | 249.5 | 470 |
| Net margin | 3.16% | -4.72% | -6.7% | -8.65% | 23.78% | -1.44% | 3.87% | 6.91% |
| EPS 2 | 0.7200 | -0.8000 | -1.640 | -2.120 | 5.480 | -0.3850 | 1.238 | 2.331 |
| Free Cash Flow 1 | -1,122 | 82.62 | -645.9 | -420.5 | -169.4 | 20 | 347 | 404 |
| FCF margin | -32.84% | 2.68% | -18.24% | -8.52% | -3.27% | 0.37% | 5.38% | 5.94% |
| FCF Conversion (EBITDA) | - | 37.73% | - | - | - | 3.19% | 39.07% | 39.6% |
| FCF Conversion (Net income) | - | - | - | - | - | - | 139.08% | 85.96% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 2/12/20 | 2/17/21 | 2/17/22 | 2/16/23 | 2/15/24 | - | - | - |
1NOK in Million2NOK
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 875.2 | - | - | 1,180 | 1,243 | 1,493 | 1,261 | 1,697 | 1,252 | 1,437 |
| EBITDA 1 | 29.57 | 57.84 | -8.512 | -112 | -24.47 | -10.85 | -29.25 | 58.53 | 123.7 | 125.8 |
| EBIT 1 | -35.06 | -13.81 | -85.45 | - | -108.6 | -101 | -118.5 | -37.41 | 60.17 | 57.14 |
| Operating Margin | -4.01% | - | - | - | -8.74% | -6.76% | -9.4% | -2.2% | 4.81% | 3.98% |
| Earnings before Tax (EBT) 1 | -49.54 | -88.96 | -101.3 | - | -76.55 | -133 | -176.7 | -90.53 | -173 | -797.3 |
| Net income 1 | - | - | - | - | -63.23 | -117.4 | -123 | 2,299 | -159.2 | -783.4 |
| Net margin | - | - | - | - | -5.09% | -7.86% | -9.75% | 135.43% | -12.72% | -54.52% |
| EPS 2 | - | -0.4900 | -0.5600 | - | -0.4000 | -0.5800 | -0.8500 | 11.20 | -0.7900 | -3.910 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/4/21 | 2/17/22 | 5/11/22 | 8/11/22 | 11/3/22 | 2/16/23 | 5/11/23 | 8/17/23 | 11/9/23 | 2/15/24 |
1NOK in Million2NOK
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,079 | - | 872 | 1,555 | 1,403 | 1,538 | 1,301 | 678 |
| Net Cash position 1 | - | 444 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.991 x | - | 7.556 x | -24.05 x | 2.925 x | 2.455 x | 1.464 x | 0.6646 x |
| Free Cash Flow 1 | -1,122 | 82.6 | -646 | -420 | -169 | 20 | 347 | 404 |
| ROE (net income / shareholders' equity) | 5.9% | -5.3% | -9.3% | -10.2% | 39.6% | -2.34% | 6.88% | 11.5% |
| ROA (Net income/ Total Assets) | 2.97% | - | - | -4.33% | 17.2% | -1.51% | 3.2% | 6.37% |
| Assets 1 | 3,635 | - | - | 9,845 | 7,180 | 5,166 | 7,795 | 7,377 |
| Book Value Per Share 2 | 11.80 | 17.80 | 15.50 | 17.20 | - | 17.00 | 19.00 | 21.80 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 1,274 | 147 | 301 | 488 | 406 | 319 | 286 | 341 |
| Capex / Sales | 37.31% | 4.76% | 8.5% | 9.9% | 7.84% | 5.89% | 4.43% | 5.02% |
| Announcement Date | 2/12/20 | 2/17/21 | 2/17/22 | 2/16/23 | 2/15/24 | - | - | - |
1NOK in Million2NOK
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
16.78
NOK
Average target price
33
NOK
Spread / Average Target
+96.66%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -41.90% | 305M | |
| +11.73% | 82.35B | |
| +20.17% | 71.09B | |
| +20.89% | 37.72B | |
| +15.77% | 32.01B | |
| +9.19% | 27.2B | |
| +3.18% | 26.74B | |
| +4.22% | 26B | |
| +16.93% | 25.5B | |
| +17.14% | 24.76B |
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- Financials Hexagon Composites ASA
