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Hexagon HEXA-B.ST

Sweden Technology
6.2/10
AI Analyst score
98.08 SEK
Last price at analysis date · analyst target 101.81 (+3.8%)
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🟡 HOLD — Hold; valuation is attractive (P/E 11.01) but growth is moderate and the SaaS transition adds uncertainty.

Hexagon AB is a Swedish technology company that develops measurement solutions, sensors, and software for industry, construction, and automotive, with a business model based on high-precision products and software services. Hexagon AB shows solid financial health (debt/EBITDA of 0.38) and high profitability (ROE 27.29%), but its revenue growth is moderate (4%) and the transition to SaaS for Octave Intelligence may pressure short-term growth.

Financial health
7.4
Quality / Moat
7.0
Valuation
7.0
Growth
5.2
Dividend
4.8
Momentum
1.8
Risk & Context
6.5

Detailed metrics

Market and fundamental data as of the analysis date.

💵 Valuation
P/E11.01
Fwd P/E18.40
EV/EBITDA18.66
P/B2.27
P/S4.25
PEG0.71
Market cap263.28 B SEK
Enterprise value23.70 B EUR
🏰 Quality and moat
ROIC (approx.)10.2%
Gross margin65.71%
FCF conversion54%
Operating margin23.98%
📈 Profitability and margins
ROE27.29%
ROA4.85%
Net margin9.96%
FCF683.7 M EUR
FCF yield2.94%
🏦 Solvency and liquidity
Total debt2.64 B EUR
Net debt482.8 M EUR
Cash2.16 B EUR
EBITDA1.27 B EUR
Net debt / EBITDA0.38
D/E46.89
Current ratio1.53
Quick ratio1.24
🚀 Growth
Revenue growth4.00%
Earnings growthN/D
EPS (TTM)8.91 SEK
EPS (Fwd)5.33 SEK
💰 Dividend and risk
Dividend yield1.55%
Payout17.8%
Beta0.89
Analyst consensusHold (16)
Target price101.81 SEK
52-week range71.57 SEK – 122.10 SEK
⚠️ Main risk: The transition to SaaS for Octave Intelligence could slow revenue growth in the short term, affecting the company's ability to maintain its expansion pace.
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Full AI report

Generated automatically from the metrics, the macro context and the company's news.

Hexagon AB is a Swedish technology company that develops measurement solutions, sensors, and software for industry, construction, and automotive, with a business model based on high-precision products and software services. Hexagon AB shows solid financial health (debt/EBITDA of 0.38) and high profitability (ROE 27.29%), but its revenue growth is moderate (4%) and the transition to SaaS for Octave Intelligence may pressure short-term growth.

Score by category

CategoryScore
Financial health7.4
Quality / Moat7.0
Valuation7.0
Growth5.2
Dividend4.8
Momentum1.8
Risk & Context6.5

OVERALL SCORE: 6.2/10

Context and risks

Exposure to geopolitical tensions due to its global presence and dependence on technology supply chains. The rise in crude oil and the ECB's interest rate hike may affect demand from its industrial clients, although its geographic diversification mitigates the impact.

News considered in the analysis

  • TD SYNNEX (SNX) Q3 Earnings and Revenues Beat Estimates — Resultados de un distribuidor de TI, no de Hexagon; sin impacto directo.
  • Hexagon AB (HXGBF) Q2 2026 Earnings Call Highlights: Strong Organic Growth and Impressive Cash ... — Resultados del Q2 con crecimiento orgánico fuerte y buena generación de caja, ya comunicados al mercado.
  • Octave Intelligence Growth to Take Time Amid Transition Toward SaaS Model, RBC Capital Markets Says — La transición a SaaS de Octave Intelligence puede ralentizar el crecimiento a corto plazo, un riesgo conocido para la división de inteligencia.
  • Is Hexagon (OM:HEXA B) Pricing Look Attractive After Recent Year To Date Share Pullback — Artículo de análisis sin información nueva; opinión sobre valoración.
  • Cadence Seen Delivering Stronger Growth After Guidance Raise, BofA Says — Noticia sobre un competidor (Cadence), sin impacto directo en Hexagon.

Verdict: Hold; valuation is attractive (P/E 11.01) but growth is moderate and the SaaS transition adds uncertainty.

Main risk: The transition to SaaS for Octave Intelligence could slow revenue growth in the short term, affecting the company's ability to maintain its expansion pace.

Other Technology companies

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Automatically generated analysis from fundamental, market and news data. Not personalised financial advice — a research tool, not an individual recommendation. Past performance does not guarantee future results. Last update of this analysis: 2026-09-28. Legal notice, privacy & cookies.