Hexicon
0.609 SEK +1.16%15 investors are following this company
Hexicon is a project developer in floating wind that opens up new markets in countries with deep water. The company is also a technology supplier with TwinWind, a patented floating wind design. The technology enables increased use of global wind power and can thus contribute to increased access to renewable energy. Hexicon operates in several markets in Europe, Africa, Asia and North America.
P/E (24e)
-1.63
EV/EBIT (adj.) (24e)
-9.71
P/B (24e)
-1.65
Dividend yield-% (24e)
-
Target price
0.56 SEK
Recommendation
Reduce
Updated
30.5.2024
First North Stockholm
HEXI
Daily low / high price
0.602 / 0.639
SEK
Market cap
221.56M SEK
Turnover
43.24K SEK
Volume
71K
Business risk
Valuation risk
Current
Previous
Latest research
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Lucas Mattsson
Analyst
Latest videos
Financial calendar
Interim report
2024-08-21
Interim report
2024-11-20
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Ilija Batljan | 10.1 % | 10.1 % |
Gulfstream Investment Group | 9.6 % | 9.6 % |
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Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 4.4 | 23.1 | 11.6 | 5.7 | 78.1 | 451.5 | 981.8 | 301.8 |
growth-% | -55.7 % | 430.3 % | -49.9 % | -50.6 % | 1,266.1 % | 478.4 % | 117.4 % | -69.3 % |
EBITDA | -17.8 | -45.7 | -125.6 | -159.9 | -64.8 | 304.5 | 819.6 | 103.3 |
EBIT (adj.) | -35.9 | -49.8 | -161.1 | -180.3 | -87.2 | 270.7 | 778.7 | 56.8 |
EBIT | -35.9 | -49.8 | -161.1 | -180.3 | -87.2 | 270.7 | 778.7 | 56.8 |
Profit before taxes | -36.9 | -51.0 | -170.8 | -187.9 | -136.4 | 209.4 | 747.7 | 52.7 |
Net income | -36.9 | -51.2 | -166.9 | -187.3 | -136.3 | 209.4 | 747.7 | 52.7 |
EPS (adj.) | -0.19 | -0.16 | -0.46 | -0.51 | -0.37 | 0.58 | 2.06 | 0.14 |
growth-% | 257.1 % | -93.0 % | ||||||
Dividend | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Dividend ratio |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | -409.0 % | -197.9 % | -1,085.1 % | -2,798.5 % | -83.0 % | 67.5 % | 83.5 % | 34.2 % |
EBIT-% (adj.) | -824.1 % | -215.3 % | -1,391.8 % | -3,156.0 % | -111.6 % | 60.0 % | 79.3 % | 18.8 % |
EBIT-% | -824.1 % | -215.3 % | -1,391.8 % | -3,156.0 % | -111.6 % | 60.0 % | 79.3 % | 18.8 % |
ROE | -76.4 % | -24.7 % | -63.5 % | -183.1 % | 205.7 % | -704.8 % | 166.6 % | 6.2 % |
ROI | -74.3 % | -23.9 % | -52.4 % | -53.8 % | -19.8 % | 46.4 % | 102.7 % | 6.4 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (SEK) | 2.15 | 1.49 | 0.63 | 0.61 | 0.61 | 0.61 | 0.61 | |
Shares | 254.3 | 363.8 | 363.8 | 363.8 | 363.8 | 363.8 | 363.8 | 363.8 |
Market cap | 782.2 | 541.3 | 229.2 | 221.6 | 221.6 | 221.6 | 221.6 | |
Enterprise value | 494.5 | 545.2 | 487.8 | 846.7 | 770.3 | 150.3 | 245.4 | |
EV/S | - | 21.4 | 47.1 | 85.4 | 10.8 | 1.7 | 0.2 | 0.8 |
EV/EBITDA | - | - | - | - | - | 2.5 | 0.2 | 2.4 |
EV/EBIT (adj.) | - | - | - | - | - | 2.8 | 0.2 | 4.3 |
EV/EBIT | - | - | - | - | - | 2.8 | 0.2 | 4.3 |
P/E (adj.) | - | - | - | - | - | 1.1 | 0.3 | 4.2 |
P/E | - | - | - | - | - | 1.1 | 0.3 | 4.2 |
P/B | - | 2.4 | 2.7 | 122.3 | - | 3.0 | 0.3 | 0.3 |
P/S | - | 33.9 | 46.8 | 40.1 | 2.8 | 0.5 | 0.2 | 0.7 |
Dividend yield | ||||||||
Equity ratio | 77.9 % | 74.7 % | 44.1 % | 0.2 % | -22.6 % | 8.8 % | 72.8 % | 81.5 % |
Gearing ratio | -116.1 % | -89.1 % | 2.0 % | 21,424.1 % | -462.9 % | 738.4 % | -8.7 % | 2.7 % |
Quarter data
Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24e | Q3/24e | Q4/24e | 2024e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 2.5 | 0.8 | 0.7 | 5.7 | 0.5 | 1.9 | 74.9 | 0.7 | 78.1 |
EBITDA | -69.3 | -23.3 | -16.6 | -159.9 | -16.3 | -26.8 | 31.1 | -52.8 | -64.8 |
EBIT | -75.9 | -27.6 | -22.3 | -180.3 | -19.9 | -33.1 | 24.9 | -59.1 | -87.2 |
Profit before taxes | -65.5 | -44.3 | -30.7 | -187.9 | -32.2 | -45.4 | 12.6 | -71.4 | -136.4 |
Net income | -65.5 | -44.3 | -30.3 | -187.3 | -32.1 | -45.4 | 12.6 | -71.4 | -136.3 |
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Extending credit facility until the end of the current year
Hexicon förlänger nuvarande kreditlån
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Hexicon Extends Current Credit Facility
![Hexicon Q1´24: Fokus på MunmuBaram projektet](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=cover/https://content.inderes.se/assets/bdd8e1ac-4555-415d-a12e-eac187f7ae1c.png)
Hexicon Q1´24: Fokus på MunmuBaram projektet
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Hexicon Q1'24: Focus is on the MunmuBaram project
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Hexicon, Audiocast, Q1'24
Hexicon AB (publ) publicerar delårsrapport januari-mars 2024
Hexicon AB (publ) publishes interim report January-March 2024
![Hexicon Q1’24 preview: Eyes on project divestment opportunities](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=contain/https://content.inderes.se/assets/16da572e-54f5-4a62-8b02-dfe3dac4b05e.png)
Hexicon Q1’24 preview: Eyes on project divestment opportunities
Inbjudan till presentationen av Hexicons kvartalsrapport för första kvartalet 2024
Invitation to presentation of Hexicon’s interim report for the first quarter 2024
Årsstämma har hållits i Hexicon AB (publ)
Annual general meeting held in Hexicon AB (publ)
![Hexicon: Projektavyttringar i fokus](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=cover/https://content.inderes.se/assets/574d9328-4669-4db5-be88-4235ecdf3f36.png)
Hexicon: Projektavyttringar i fokus
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Hexicon: Drivs framåt av flytande vindkraft
![Propelled forward by floating wind power](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=cover/https://content.inderes.se/assets/c4e654d8-c727-40bc-b200-922c24c63ae9.png)