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Hexagon Composites ASA

Hexagon Composites ASA

HEX.OL
Hexagon Composites ASANO flagOslo Stock Exchange
10.55
NOK
+2.02
- -
2.65BMarket Cap
Hexagon Composites ASA
HEX.OL
(Oslo Stock Exchange)

Recent

price

10.55

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
6.21
6.02
6.29
9.33
12.16
10.68
7.16
8.32
8.81
19.26
15.75
17.25
20.86
22.01
23.17
12.77
10.2
Revenue per Share
0.13
0.14
0.04
0.66
1.21
0.03
1.22
0.41
0.84
0.61
-0.72
-1.16
-1.52
5.88
-1.33
-5.03
-3.68
Basic EPS, GAAP
-0.39
-0.23
0.57
0.65
0.51
-1.11
-0.52
-0.46
-1.05
-0.06
-0.91
-1.76
-2.84
-2.28
-1.39
-0.87
-0.57
Free Cash Flow per Basic Share
0.22
0.07
- -
0.15
0.32
0.61
- -
- -
0.29
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
1.2
1.28
0.1
1.89
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.11
0.11
Book Value per Share
0.92
1.1
1.18
1.92
2.97
2.8
4.71
5.09
5.57
0.45
8.01
5.37
4.37
6.96
7.66
4.19
4.09
Tangible Book Value per Share
136
136
136
136
136
135
170
169
169
177
195
205
205
205
210
230
236
Basic Weighted Avg Shares
846
820
857
1,272
1,651
1,444
1,221
1,408
1,485
3,404
3,071
3,535
4,287
4,517
4,857
2,944
2,409
Sales/Revenue/Turnover
4.28
4.48
3.73
11.17
15.56
2.6
-4.01
7.05
2.06
1.13
-2.23
-4.42
2.37
3.13
7.69
-4.12
-1.54
Operating Margin (%)
75
73
47
55
72
55
69
74
77
240
249
263
337
317
284
307
242
Depreciation Expense
18
19
5
90
165
5
208
69
141
107
-141
-237
-311
1,206
-279
-1,159
-868
Net Income, GAAP
32.86
31.07
28.11
32.5
32.46
- -
33.21
- -
16.16
3.38
- -
- -
76.7
- -
- -
- -
- -
Effective Tax Rate (%)
2.16
2.32
0.64
7.05
9.98
0.32
17.07
4.93
9.52
3.16
-4.58
-6.71
-7.26
26.69
-5.75
-39.38
-36.03
Profit Margin (%)
144
197
200
361
415
365
283
265
210
642
2,094
1,634
1,323
-729
1,169
1,321
1,321
Working Capital
307
307
325
446
297
383
432
367
516
1,545
1,437
1,396
1,963
387
1,633
1,697
1,697
LT Debt
254
265
259
349
487
470
1,333
1,412
1,540
2,153
3,596
3,484
3,469
3,214
3,533
2,645
2,645
Total Equity
3.82
3.92
3.73
13.52
21.48
- -
-2.48
- -
1.3
1.27
- -
- -
0.44
- -
- -
- -
- -
Return on Invested Capital (%)
12.51
5.85
3.59
19.79
35.93
- -
49.48
- -
31.77
16.94
- -
- -
-7.49
- -
- -
- -
- -
Return on Capital (%)
14.21
11.27
5.8
66.05
121.33
34.23
1,389.06
416.92
848.96
614.37
-731.47
-1,177.09
-1,544.12
5,979.9
-1,356.02
-5,017.25
-3,756.66
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
174
- -
54
LT Borrowings
1,443
- -
1,242
LT Finance Leases
471
- -
455
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
212
256
257
Market Capitalization
3,957
2,457
1,828

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
1,888
- -
1,927
Cash, Cash Equivalents & STI
130
- -
228
Accounts Receivable, Net
470
- -
491
Inventories
1,205
- -
1,125
Total Current Liabilities
760
- -
606
Payables & Accruals
- -
- -
- -
ST Debt
174
- -
54
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
27.93%
-5.22%
-25.14%
Free Cash Flow
156.42%
15.37%
-30.86%
Net Income, GAAP
405.17%
-39.06%
315.35%
Sales/Revenue/Turnover
13.47%
1.98%
-39.39%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
1,128
1,159
1,144
1,270
4,517
2024
943
1,147
1,249
1,518
4,857
2025
909
671
- -
829
2,944

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-0.83
10.93
-0.74
-3.95
5.88
2024
-0.77
2.88
0.01
-3.45
-1.33
2025
-3.9
0.24
- -
-0.35
-5.03

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
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Business
Hexagon Composites ASA Hexagon Composites ASA develops and manufactures composite high-pressure cylinders and systems for clean energy storage, transportation, and conversion applications. The company operates through four main segments: Hexagon Agility, which provides clean fuel solutions including compressed natural gas systems for commercial vehicles, passenger vehicles, and gaseous energy transportation modules such as TUFFSHELL high-pressure tanks and TITAN large CNG containers; Hexagon Purus, which offers high-pressure cylinders, vehicle integration systems, hydrogen storage solutions, and battery packs for fuel cell and battery electric vehicles; Hexagon Digital Wave, which supplies cylinder testing, monitoring, and qualification technologies including ultrasonic testing systems to reduce downtime and improve inspection accuracy; and other operations focused on composites reinforcements like unidirectional and multiaxial fibers. Its products serve industries including mobility, industrial gases, and energy transportation, with primary customers comprising vehicle manufacturers, gas distributors, fleet operators, and OEMs in commercial transportation. Hexagon Composites ASA maintains production facilities and sales operations across North America, Europe, South-East Asia, South America, and other regions, generating significant revenue from North America and Europe. Founded in 1985 and headquartered in Ålesund, Norway, the company holds a 24.81% stake in Hexagon Purus ASA. In recent developments, Hexagon Composites ASA divested its Hexagon Ragasco LPG cylinder business to Worthington Enterprises, Inc. in June 2024 for $9.34 million to sharpen focus on high-growth clean energy segments; acquired a 49% stake in Sustainable Energy Solutions' alternative fuels division in May 2024 as part of the Ragasco transaction; and completed the full acquisition of SES Composites, the alternative fuels business of Worthington's SES, in July 2025, enhancing its European footprint in CNG systems for commercial vehicles through complementary production capabilities and supply chain synergies while entering joint ownership of SES's steel cylinder operations in Kienberg, Austria.

Company News

APIChatGPT

  • prnewswire.com

    Hexagon Composites ASA: Fourth quarter and full year 2025