Hexicon
0.158
SEK
+5.74 %
HEXI
First North Stockholm
Renewable
Energy
40 following
+5.74%
-13.63%
-33.86%
-70.5%
-72.69%
-74.86%
-69.54%
-92.82%
-
-94.95%
www.hexicongroup.com
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 (adj.) (24e)
-0.33
EV/EBIT (adj.) (24e)
-6.22
P/B (24e)
-0.33
Dividend yield-% (24e)
-
Target price
0.23 SEK
Recommendation
Reduce
Updated
10.10.2024
First North Stockholm
HEXI
Daily low / high price
0.147 / 0.16
SEK
Market cap
57.63M SEK
Turnover
80.35K SEK
Volume
520K
Business risk
Valuation risk
Current
Previous
Latest research
Extensive report
Inderes' extensive report is an investor's handbook on customer companies covered by our research.
The latest extensive report was released
Read the reportAnalyst
Lucas Mattsson
Analyst
Latest videos
Financial calendar
Interim report
2024-11-29
Annual report
2025-02-19
Interim report
2025-05-28
Interim report
2025-08-20
Major OwnersSource: Millistream Market Data AB
| Owner | Capital | Votes |
|---|---|---|
| Ilija Batljan | 10.1 % | 10.1 % |
| Gulfstream Investment Group | 9.6 % | 9.6 % |
| SEB Trygg Life | 5.2 % | 5.2 % |
| Helikon Investments | 4.6 % | 4.6 % |
| Björn Segerblom | 4.1 % | 4.1 % |
| Back In Back Capital Limited | 3.2 % | 3.2 % |
| Arne Almerfors | 3.1 % | 3.1 % |
| Index Equity Sweden AB | 2.5 % | 2.5 % |
| Nordnet Pension Insurance | 2.1 % | 2.1 % |
| Avanza Pension | 2.1 % | 2.1 % |
Forum updates
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4.4 | 23.1 | 11.6 | 5.7 | 3.0 | 384.7 | 769.3 | 902.6 |
| growth-% | -55.7 % | 430.3 % | -49.9 % | -50.6 % | -47.9 % | 12,829.6 % | 100.0 % | 17.3 % |
| EBITDA | -17.8 | -45.7 | -125.6 | -159.9 | -98.3 | 262.6 | 635.6 | 727.7 |
| EBIT (adj.) | -35.9 | -49.8 | -161.1 | -180.3 | -114.5 | 227.8 | 594.0 | 673.7 |
| EBIT | -35.9 | -49.8 | -161.1 | -180.3 | -114.5 | 227.8 | 594.0 | 673.7 |
| Profit before taxes | -36.9 | -51.0 | -170.8 | -187.9 | -174.8 | 162.3 | 546.7 | 659.1 |
| Net income | -36.9 | -51.2 | -166.9 | -187.3 | -174.6 | 162.3 | 546.7 | 659.1 |
| EPS (adj.) | -0.19 | -0.16 | -0.46 | -0.51 | -0.48 | 0.45 | 1.50 | 1.81 |
| growth-% | 236.8 % | 20.6 % | ||||||
| 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 % | -3,303.4 % | 68.3 % | 82.6 % | 80.6 % |
| EBIT-% (adj.) | -824.1 % | -215.3 % | -1,391.8 % | -3,156.0 % | -3,849.7 % | 59.2 % | 77.2 % | 74.6 % |
| EBIT-% | -824.1 % | -215.3 % | -1,391.8 % | -3,156.0 % | -3,849.7 % | 59.2 % | 77.2 % | 74.6 % |
| ROE | -76.4 % | -24.7 % | -63.5 % | -183.1 % | 204.4 % | -177.2 % | 208.0 % | 76.1 % |
| ROI | -74.3 % | -23.9 % | -52.4 % | -53.8 % | -26.6 % | 40.5 % | 80.7 % | 66.6 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (SEK) | 3.00 | 1.46 | 0.69 | 0.16 | 0.16 | 0.16 | 0.16 | |
| Shares | 254.3 | 363.8 | 363.8 | 363.8 | 363.8 | 363.8 | 363.8 | 363.8 |
| Market cap | 1,090.7 | 529.7 | 251.8 | 57.6 | 57.6 | 57.6 | 57.6 | |
| Enterprise value | 803.0 | 533.6 | 510.3 | 712.3 | 674.5 | 273.1 | -181.3 | |
| EV/S | - | 34.8 | 46.1 | 89.3 | 239.4 | 1.8 | 0.4 | - |
| EV/EBITDA | - | - | - | - | - | 2.6 | 0.4 | - |
| EV/EBIT (adj.) | - | - | - | - | - | 3.0 | 0.5 | - |
| EV/EBIT | - | - | - | - | - | 3.0 | 0.5 | - |
| P/E (adj.) | - | - | - | - | - | 0.4 | 0.1 | 0.1 |
| P/E | - | - | - | - | - | 0.4 | 0.1 | 0.1 |
| P/B | - | 3.4 | 2.6 | 134.3 | - | - | 0.1 | 0.0 |
| P/S | - | 47.2 | 45.8 | 44.1 | 19.4 | 0.1 | 0.1 | 0.1 |
| Dividend yield | ||||||||
| Equity ratio | 77.9 % | 74.7 % | 44.1 % | 0.2 % | -30.6 % | -1.4 % | 50.3 % | 81.9 % |
| Gearing ratio | -116.1 % | -89.1 % | 2.0 % | 21,424.1 % | -377.5 % | -5,548.7 % | 40.2 % | -20.0 % |
Quarter data
| Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24e | Q4/24e | 2024e | Q1/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0.8 | 0.7 | 5.7 | 0.5 | 0.9 | 0.8 | 0.7 | 3.0 | |
| EBITDA | -23.3 | -16.6 | -159.9 | -16.3 | -23.1 | -27.3 | -31.6 | -98.3 | |
| EBIT | -27.6 | -22.3 | -180.3 | -19.9 | -26.7 | -31.4 | -36.5 | -114.5 | |
| Profit before taxes | -44.3 | -30.7 | -187.9 | -32.2 | -47.7 | -46.4 | -48.5 | -174.8 | |
| Net income | -44.3 | -30.3 | -187.3 | -32.1 | -47.6 | -46.4 | -48.5 | -174.6 |
ShowingAll content types
Invitation to the presentation of Hexicon’s interim report for July to September 2024
Swedish government rejects two of Hexicon’s projects
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Två av Hexicons AB (publ) havsbaserade vindkraftsprojekt i Sverige får avslag
Two of Hexicon AB’s (publ) offshore wind power projects in Sweden are rejected
Hexicon, Webcast, Q3'24
Hexicon's MunmuBaram project reaches another milestone
Hexicon: Financing risks overshadows potential rewards
Hexicon receives important approval for its MunmuBaram project
Hexicon Q2´24: Väntan på Munmubaram-projektet fortsätter
Hexicon Q2'24: Waiting for divestments to generate power
Hexicon Q2´24: Ett mellanår med tanke på marknadssituationen
Hexicon, Webcast, Q2'24
Hexicon AB (publ) - delårsrapport andra kvartalet 2024
Hexicon AB (publ) - Interim Report Q2 2024
