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Hexagon

BATS-CHIXE:HEXABS
Snowflake Description

Excellent balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HEXABS
BATS-CHIXE
SEK166B
Market Cap
  1. Home
  2. GB
  3. Tech
Company description

Hexagon AB (publ) provides information technology solutions for geospatial and industrial landscapes worldwide. The last earnings update was 6 days ago. More info.


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  • Hexagon has significant price volatility in the past 3 months.
HEXABS Share Price and Events
7 Day Returns
10.9%
BATS-CHIXE:HEXABS
3.9%
GB Electronic
5.3%
GB Market
1 Year Returns
-12.9%
BATS-CHIXE:HEXABS
-4.5%
GB Electronic
-21.5%
GB Market
HEXABS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hexagon (HEXABS) 10.9% -1.1% -17.1% -12.9% 20% 35.6%
GB Electronic 3.9% -1.8% -14.1% -4.5% 23.7% 66.2%
GB Market 5.3% -6.5% -25.2% -21.5% -22.4% -21.9%
1 Year Return vs Industry and Market
  • HEXABS underperformed the Electronic industry which returned -4.5% over the past year.
  • HEXABS outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -21.5% over the past year.
Price Volatility
HEXABS
Industry
5yr Volatility vs Market

HEXABS Value

 Is Hexagon undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Hexagon to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hexagon.

BATS-CHIXE:HEXABS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.9%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BATS-CHIXE:HEXABS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 5.4%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.104 (1 + (1- 22%) (16.38%))
1.164
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.16
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.164 * 5.44%)
6.86%

Discounted Cash Flow Calculation for BATS-CHIXE:HEXABS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hexagon is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BATS-CHIXE:HEXABS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.86%)
2020 684.16 Analyst x7 640.23
2021 767.51 Analyst x7 672.11
2022 855.00 Analyst x7 700.65
2023 903.41 Est @ 5.66% 692.78
2024 940.65 Est @ 4.12% 675.02
2025 969.29 Est @ 3.04% 650.91
2026 991.49 Est @ 2.29% 623.07
2027 1,008.96 Est @ 1.76% 593.33
2028 1,023.01 Est @ 1.39% 562.97
2029 1,034.61 Est @ 1.13% 532.79
Present value of next 10 years cash flows €6,343.00
BATS-CHIXE:HEXABS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €1,034.61 × (1 + 0.53%) ÷ (6.86% – 0.53%)
€16,426.86
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €16,426.86 ÷ (1 + 6.86%)10
€8,459.32
BATS-CHIXE:HEXABS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €6,343.00 + €8,459.32
€14,802.32
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €14,802.32 / 367.55
€40.27
BATS-CHIXE:HEXABS Discount to Share Price
Calculation Result
Exchange Rate EUR/SEK
(Reporting currency to currency of OM:HEXA B)
10.914
Value per Share
(SEK)
= Value per Share in EUR x Exchange Rate (EUR/SEK)
= €40.27 x 10.914
SEK439.56
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:HEXABS represents 0.97404x of OM:HEXA B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.97404x
Value per Share
(Listing Adjusted, SEK)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 439.56 x 0.97404
SEK428.15
Value per share (SEK) From above. SEK428.15
Current discount Discount to share price of SEK439.00
= -1 x (SEK439.00 - SEK428.15) / SEK428.15
-2.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Hexagon is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hexagon's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hexagon's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:HEXABS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €1.92
OM:HEXA B Share Price ** OM (2020-04-08) in SEK SEK450.7
OM:HEXA B Share Price converted to EUR reporting currency Exchange rate (SEK/ EUR) 0.092 €41.29
United Kingdom of Great Britain and Northern Ireland Electronic Industry PE Ratio Median Figure of 22 Publicly-Listed Electronic Companies 17.3x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 747 Publicly-Listed Companies 13.27x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hexagon.

BATS-CHIXE:HEXABS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:HEXA B Share Price ÷ EPS (both in EUR)

= 41.29 ÷ 1.92

21.45x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hexagon is overvalued based on earnings compared to the GB Electronic industry average.
  • Hexagon is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Hexagon's expected growth come at a high price?
Raw Data
BATS-CHIXE:HEXABS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.45x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
10%per year
United Kingdom of Great Britain and Northern Ireland Electronic Industry PEG Ratio Median Figure of 11 Publicly-Listed Electronic Companies 1.04x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 513 Publicly-Listed Companies 1.03x

*Line of best fit is calculated by linear regression .

BATS-CHIXE:HEXABS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.45x ÷ 10%

2.14x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hexagon is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Hexagon's assets?
Raw Data
BATS-CHIXE:HEXABS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €16.50
OM:HEXA B Share Price * OM (2020-04-08) in SEK SEK450.7
OM:HEXA B Share Price converted to EUR reporting currency Exchange rate (SEK/ EUR) 0.092 €41.29
United Kingdom of Great Britain and Northern Ireland Electronic Industry PB Ratio Median Figure of 33 Publicly-Listed Electronic Companies 1.89x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,322 Publicly-Listed Companies 1.13x
BATS-CHIXE:HEXABS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:HEXA B Share Price ÷ Book Value per Share (both in EUR)

= 41.29 ÷ 16.50

2.5x

* Primary Listing of Hexagon.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hexagon is overvalued based on assets compared to the GB Electronic industry average.
X
Value checks
We assess Hexagon's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Hexagon has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

HEXABS Future Performance

 How is Hexagon expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hexagon expected to grow at an attractive rate?
  • Hexagon's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Hexagon's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Hexagon's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:HEXABS Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:HEXABS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 10%
BATS-CHIXE:HEXABS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 3.7%
United Kingdom of Great Britain and Northern Ireland Electronic Industry Earnings Growth Rate Market Cap Weighted Average 9%
United Kingdom of Great Britain and Northern Ireland Electronic Industry Revenue Growth Rate Market Cap Weighted Average 4%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.4%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BATS-CHIXE:HEXABS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:HEXABS Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 4,308 1,267 924 10
2021-12-31 4,083 1,169 827 12
2020-12-31 3,775 1,057 700 12
2020-04-09
BATS-CHIXE:HEXABS Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 3,908 1,062 702
2019-09-30 3,892 1,138 720
2019-06-30 3,882 1,026 711
2019-03-31 3,843 971 739
2018-12-31 3,761 952 730
2018-09-30 3,673 819 774
2018-06-30 3,577 879 751
2018-03-31 3,504 840 724
2017-12-31 3,448 879 664
2017-09-30 3,343 897 567
2017-06-30 3,272 854 553
2017-03-31 3,204 823 545

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hexagon's earnings are expected to grow by 10% yearly, however this is not considered high growth (20% yearly).
  • Hexagon's revenue is expected to grow by 3.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BATS-CHIXE:HEXABS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Hexagon Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:HEXABS Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 2.52 2.78 2.35 7.00
2021-12-31 2.24 2.57 2.10 10.00
2020-12-31 1.91 2.34 1.57 10.00
2020-04-09
BATS-CHIXE:HEXABS Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 1.92
2019-09-30 1.98
2019-06-30 1.96
2019-03-31 2.04
2018-12-31 2.02
2018-09-30 2.15
2018-06-30 2.08
2018-03-31 2.01
2017-12-31 1.84
2017-09-30 1.57
2017-06-30 1.53
2017-03-31 1.51

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Hexagon is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Hexagon's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hexagon has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

HEXABS Past Performance

  How has Hexagon performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hexagon's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hexagon's year on year earnings growth rate has been positive over the past 5 years.
  • Hexagon's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Hexagon's 1-year earnings growth is negative, it can't be compared to the GB Electronic industry average.
Earnings and Revenue History
Hexagon's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hexagon Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:HEXABS Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 3,907.70 702.40 1,062.40 431.10
2019-09-30 3,891.80 719.80 1,082.20 435.10
2019-06-30 3,881.60 710.90 1,075.30 429.30
2019-03-31 3,842.50 738.70 1,042.70 418.50
2018-12-31 3,760.70 730.00 1,011.60 405.30
2018-09-30 3,672.60 774.10 966.60 383.70
2018-06-30 3,577.30 750.70 939.50 368.30
2018-03-31 3,503.60 723.90 921.60 357.60
2017-12-31 3,448.10 664.10 934.20 373.10
2017-09-30 3,342.70 567.30 934.00 378.10
2017-06-30 3,271.60 552.60 907.80 373.20
2017-03-31 3,204.20 545.10 886.80 362.50
2016-12-31 3,149.20 573.30 848.20 333.10
2016-09-30 3,115.40 564.80 830.90 321.10
2016-06-30 3,078.00 553.20 831.00 307.30
2016-03-31 3,062.90 541.70 826.90 302.50
2015-12-31 3,043.80 499.90 845.30 309.70
2015-09-30 2,971.50 477.30 831.80 283.70
2015-06-30 2,877.80 438.80 811.00 289.50
2015-03-31 2,732.70 408.30 767.90 268.20
2014-12-31 2,622.40 402.80 698.00 251.60
2014-09-30 2,510.70 374.90 510.90 422.90
2014-06-30 2,438.70 361.00 528.10 345.20
2014-03-31 2,438.20 355.50 580.00 288.10
2013-12-31 2,429.70 367.90 632.70 217.40
2013-09-30 2,427.00 362.00 626.50 210.10
2013-06-30 2,428.50 369.50 632.60 210.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Hexagon has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hexagon used its assets less efficiently than the GB Electronic industry average last year based on Return on Assets.
  • Hexagon has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hexagon's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hexagon has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

HEXABS Health

 How is Hexagon's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hexagon's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hexagon is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hexagon's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Hexagon's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hexagon Company Filings, last reported 3 months ago.

BATS-CHIXE:HEXABS Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 6,076.90 2,257.20 468.30
2019-09-30 5,936.80 2,240.50 398.80
2019-06-30 5,566.00 2,395.00 403.50
2019-03-31 5,641.60 2,309.30 442.90
2018-12-31 5,319.20 2,355.70 394.60
2018-09-30 5,106.50 2,582.70 457.20
2018-06-30 4,853.10 2,356.30 391.10
2018-03-31 4,664.40 2,231.10 317.30
2017-12-31 4,604.40 2,262.00 309.40
2017-09-30 4,407.30 2,373.10 325.70
2017-06-30 4,368.70 2,465.40 313.10
2017-03-31 4,659.80 1,580.80 282.70
2016-12-31 4,590.80 1,716.80 284.00
2016-09-30 4,221.00 1,825.00 204.80
2016-06-30 4,123.80 1,859.00 191.50
2016-03-31 4,054.90 1,821.70 202.30
2015-12-31 4,102.30 1,843.70 225.50
2015-09-30 3,886.70 1,888.20 221.50
2015-06-30 3,820.30 2,049.00 241.10
2015-03-31 3,918.20 1,971.40 247.80
2014-12-31 3,470.20 2,030.90 228.60
2014-09-30 3,278.90 2,125.40 194.00
2014-06-30 2,972.80 1,724.90 165.80
2014-03-31 2,932.50 1,666.00 177.30
2013-12-31 2,846.30 1,599.10 176.00
2013-09-30 2,836.40 1,610.90 163.90
2013-06-30 2,810.50 1,737.00 184.00
  • Hexagon's level of debt (37.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (57.1% vs 37.1% today).
  • Debt is well covered by operating cash flow (47.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 59.1x coverage).
X
Financial health checks
We assess Hexagon's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hexagon has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

HEXABS Dividends

 What is Hexagon's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Hexagon dividends. Estimated to be 1.61% next year.
If you bought SEK2,000 of Hexagon shares you are expected to receive SEK0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Hexagon's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Hexagon's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BATS-CHIXE:HEXABS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Electronic Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 1.8%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 575 Stocks 5.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.5%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 6.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BATS-CHIXE:HEXABS Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.71 10.00
2021-12-31 0.67 12.00
2020-12-31 0.62 12.00
2020-04-09
BATS-CHIXE:HEXABS Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-04-03 0.000 0.000
2020-02-05 0.000 0.000
2019-02-28 0.590 1.282
2018-03-26 0.530 1.146
2017-03-27 0.480 1.134
2016-04-04 0.430 1.217
2015-02-06 0.350 1.117
2014-02-11 0.310 1.258
2013-04-04 0.280 1.256
2012-04-03 0.170 1.005
2011-03-25 0.150 1.190
2011-02-09 0.155 1.007
2010-04-07 0.122 0.963
2010-02-04 0.118 1.187
2009-05-06 0.045 0.615

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Hexagon has not reported any payouts.
  • Unable to verify if Hexagon's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Hexagon's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Hexagon has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.5x coverage).
X
Income/ dividend checks
We assess Hexagon's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hexagon afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hexagon has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HEXABS Management

 What is the CEO of Hexagon's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ola Rollén
COMPENSATION €5,063,200
AGE 54
TENURE AS CEO 20.3 years
CEO Bio

Mr. Ola Rollén, B.Sc., serves as an Advisor at EQT Partners AB. Mr. Rollén has been the Chief Executive Officer and President of Hexagon AB and Leica Geosystems Technology A/S since 2000. Prior to joining Hexagon, Mr Rollén held the positions of President of Sandvik Materials Technology, Executive Vice President of Avesta-Sheffield and President of Kanthal. He serves as Chief Executive Officer at Intergraph Corporation. He serves as Strategic Advisor at NEXT Biometrics Group ASA. He serves as Chairman at Leica Geosystems AG. He serves as Chairman at Leica Geosystems Holdings AG. He served as Deputy Chairman at VBG Group AB (publ). He served as Independent Director, Chief Executive Officer of Group and President of Group at Hexpol AB (Publ). He has been a Director of Hexagon AB since 2000. He served as Director at Vestas Wind Systems A/S. He holds a Bachelor of Science degree in Finance from Stockholm University in 1989.

CEO Compensation
  • Ola's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Ola's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Hexagon management team in years:

4.4
Average Tenure
53.5
Average Age
  • The tenure for the Hexagon management team is about average.
Management Team

Ola Rollén

TITLE
CEO, President & Director
COMPENSATION
€5M
AGE
54
TENURE
20.3 yrs

Robert Belkic

TITLE
CFO & Executive VP
AGE
49
TENURE
7.6 yrs

Norbert Hanke

TITLE
Chief Operating Officer
AGE
57
TENURE
0.2 yrs

Burkhard Boeckem

TITLE
Chief Technology Officer
TENURE
0.2 yrs

Robert Ashe

TITLE
Chief Information Officer
TENURE
3.3 yrs

Maria Luthström

TITLE
Head of Investor Relations
TENURE
4.4 yrs

Tony Zana

TITLE
General Counsel & Chief Compliance Officer
TENURE
0.7 yrs

Kristin Christensen

TITLE
Chief Marketing Officer
AGE
48
TENURE
5.3 yrs

Hongquan Li

TITLE
VP & President of Hexagon China Region
AGE
53
TENURE
19.3 yrs

Jüergen Dold

TITLE
President of GSI
AGE
57
Board of Directors Tenure

Average tenure and age of the Hexagon board of directors in years:

2.9
Average Tenure
54
Average Age
  • The average tenure for the Hexagon board of directors is less than 3 years, this suggests a new board.
Board of Directors

Gun Nilsson

TITLE
Independent Chairman of the Board
COMPENSATION
€174K
AGE
64
TENURE
2.9 yrs

Ola Rollén

TITLE
CEO, President & Director
COMPENSATION
€5M
AGE
54
TENURE
20.3 yrs

Ulrika Francke

TITLE
Independent Director
COMPENSATION
€73K
AGE
63
TENURE
10.3 yrs

John Brandon

TITLE
Independent Director
COMPENSATION
€56K
AGE
63
TENURE
2.9 yrs

Henrik Henriksson

TITLE
Independent Director
COMPENSATION
€56K
AGE
49
TENURE
2.9 yrs

Sofia Högberg

TITLE
Independent Director
COMPENSATION
€79K
AGE
41
TENURE
2.9 yrs

Märta Andreen

TITLE
Independent Director
COMPENSATION
€56K
AGE
35
TENURE
2.9 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Hexagon individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
26. Mar 20 Buy Henrik Henriksson Individual 23. Mar 20 23. Mar 20 5,600 SEK360.45 SEK2,018,520
24. Mar 20 Buy Mattias Stenberg Individual 23. Mar 20 23. Mar 20 1,000 SEK360.51 SEK360,511
20. Mar 20 Buy Mattias Stenberg Individual 20. Mar 20 20. Mar 20 800 SEK395.19 SEK316,156
18. Mar 20 Buy Melker Schorling Tjanste AB Company 13. Mar 20 18. Mar 20 715,000 SEK422.40 SEK299,666,944
16. Mar 20 Buy Benjamin Maslen Individual 13. Mar 20 13. Mar 20 1,000 SEK423.19 SEK423,190
13. Mar 20 Buy Gun Nilsson Individual 13. Mar 20 13. Mar 20 2,000 SEK391.00 SEK782,000
10. Mar 20 Buy Mattias Stenberg Individual 09. Mar 20 09. Mar 20 1,000 SEK446.96 SEK446,957
09. Mar 20 Buy Mattias Stenberg Individual 06. Mar 20 06. Mar 20 500 SEK484.82 SEK242,411
02. Mar 20 Buy Mattias Stenberg Individual 28. Feb 20 28. Feb 20 500 SEK517.90 SEK258,952
11. Feb 20 Sell Melker Schorling Tjanste AB Company 06. Feb 20 06. Feb 20 -2,000,000 SEK568.12 SEK-1,123,262,066
16. Dec 19 Sell Ola Rollén Individual 12. Dec 19 12. Dec 19 -300,000 SEK534.62 SEK-160,386,000
05. Nov 19 Sell Norbert Hanke Individual 04. Nov 19 04. Nov 19 -20,897 SEK518.63 SEK-10,837,811
09. Sep 19 Buy Mattias Stenberg Individual 05. Sep 19 05. Sep 19 2,200 SEK435.75 SEK958,654
X
Management checks
We assess Hexagon's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hexagon has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

HEXABS News

Simply Wall St News

HEXABS Company Info

Description

Hexagon AB (publ) provides information technology solutions for geospatial and industrial landscapes worldwide. The company operates through two segments, Industrial Enterprise Solutions (IES) and Geospatial Enterprise Solutions (GIS). The IES segment offers metrology systems that incorporate the in sensor technology for measurements, as well as computer-aided design, computer-aided manufacturing, and computer-aided engineering software. Its solutions include coordinate measuring machines, optical and portable scanners, industrial metrology software, and life cycle engineering software solutions. This segment’s solutions are used in electronics and manufacturing, power and energy, automotive, aerospace and defense, and other industries. The GIS segment offers sensors for capturing data from land and air, as well as for positioning through satellites; and GIS software for the creation of 3D maps and models, which are used for decision-making in a range of software applications covering areas, such as surveying, construction, public safety, and agriculture. Its solutions comprise laser scanner, airborne camera, unmanned aerial vehicle, mobile mapping technology, and precise positioning solutions. This segment’s solutions are used in surveying, infrastructure and construction, natural resources, public safety, aerospace and defense, and other industries. The company was formerly known as Eken Industri & Handel AB and changed its name to Hexagon AB (publ) in 1993. Hexagon AB (publ) was founded in 1975 and is headquartered in Stockholm, Sweden.

Details
Name: Hexagon AB (publ)
HEXABS
Exchange: BATS-CHIXE
Founded: 1975
SEK165,655,146,461
367,550,802
Website: http://www.hexagon.com
Address: Hexagon AB (publ)
Lilla Bantorget 15,
Stockholm,
Stockholm County, 111 23,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM HEXA B Series B Shares OMX Nordic Exchange Stockholm SE SEK 15. Sep 1992
OTCPK HXGB.F Series B Shares Pink Sheets LLC US USD 15. Sep 1992
DB HXGB Series B Shares Deutsche Boerse AG DE EUR 15. Sep 1992
LSE 0GRX Series B Shares London Stock Exchange GB SEK 15. Sep 1992
BMV HEXAB N Series B Shares Bolsa Mexicana de Valores MX MXN 15. Sep 1992
BATS-CHIXE HEXABS Series B Shares BATS 'Chi-X Europe' GB SEK 15. Sep 1992
OTCPK HXGB.Y ADR EACH REPR 1 SHS Pink Sheets LLC US USD 06. Jan 2012
DB HXGC ADR EACH REPR 1 SHS Deutsche Boerse AG DE EUR 06. Jan 2012
Number of employees
Current staff
Staff numbers
20,532
Hexagon employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 19:50
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/09
Last earnings filing: 2020/04/03
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.