Hexagon AB (publ) (HEXA-B.ST) stock analysis

In our weekly check, Hexagon AB (publ) is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 18 pass, warnings: 5, red flags: 2.

About Hexagon AB (publ)

Hexagon AB (publ) is a Technology company (Hardware, Equipment & Parts) based in Sweden, listed on STO as HEXA-B.ST.

What our checks show for HEXA-B.ST

Red flags

• Revenue fell 4.5% a year over the last 3 years.
• The stock has fallen as much as 83% from a peak. Would you have held through that?

Warning signs

• The gross margin fell by 1.1 points, to 63.3%: costs are rising faster than prices.
• Analysts expect earnings per share to shrink about 2.9% a year.
• Analysts expect the net margin to shrink by 2.9 points from today's 22.8%.
• The price swings a lot: 41.2% annual volatility. Expect large ups and downs.
• Recovering from its deepest fall took about 1.9 years.

Strengths

• Net debt is only 0.1x a year of EBITDA: the balance sheet has room.
• The net margin rose by 4.4 points over 5 years, to 22.8%.
• Operating cash flow is 1.51x net profit: the profit arrives as real cash.
• The company keeps 22.8% of its revenue as net profit.
• Free cash flow is 25.7% of revenue: cash for dividends, buybacks or growth.
• The dividend takes 39% of profit: there is a cushion.

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Questions

What grade does Hexagon AB (publ) (HEXA-B.ST) have?

In our weekly check, Hexagon AB (publ) is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 18 pass, warnings: 5, red flags: 2. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of HEXA-B.ST stock?

This week's biggest flags for Hexagon AB (publ): Weak revenue growth, Deep past fall, Gross margin falling. In total 7 of 25 checks show a warning or a red flag.

What does Hexagon AB (publ) do?

Hexagon AB (publ) is a Technology company (Hardware, Equipment & Parts) based in Sweden, listed on STO as HEXA-B.ST.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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