Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Hexagon Composites ASA is a global provider of clean energy technology specializing in composite solutions for gas storage, distribution, fuel systems, and drivetrains. The company develops and manufactures products such as natural gas storage and delivery systems, composite natural gas cylinders, natural gas fuel systems, and innovative cylinder testing and monitoring technologies that enhance safety, reduce downtime, and lower inspection costs. It operates through key segments including Hexagon Agility, which delivers clean fuel solutions for commercial vehicles and gas transportation; Hexagon Purus for zero-emission mobility technologies; Hexagon Digital Wave for advanced testing; and Hexagon Ragasco LPG for composite LPG cylinders. Serving industries like mobility, energy distribution, and commercial transportation, Hexagon Composites ASA supports the transition to sustainable fuels worldwide. Founded in 1985 and headquartered in Ålesund, Norway, the company maintains a presence across Europe, North America, Southeast Asia, the Middle East, and other regions, playing a vital role in advancing low-emission infrastructure and alternative energy adoption in the global market.
NOK 8.30
NOK 0.18 (-2.09%)
EOD Jul 1, 2026
The business is unprofitable at the operating level (-4.12% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 39.4% YoY. Margins deteriorated 11.8pp alongside, both lines moving the wrong way.
ROIC dropped from 5.78% to -1.95%, capital efficiency is deteriorating. Negative free cash flow of -NOK 201M. The business is consuming cash, not generating it.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
NOK 2.94B
▼ -39.4% YoY
Net Income (TTM)
-NOK 1.16B
▼ -315.3% YoY
Op. Margin
-4.12%
▼ -11.8pp YoY
ROIC
-1.95%
▼ -7.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-NOK 201M
▼ -39.9% YoY
Op. Cash Flow (TTM)
-NOK 115M
▼ -199.7% YoY
Net Debt
NOK 1.52B
Cash & Equiv.
NOK 228M
3Y CAGR: -11.8%
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Hexagon Composites ASA (HEX.XOSL)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Hexagon Composites ASA scores 0/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full . This is analysis, not investment advice.
Hexagon Composites ASA scores 0 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a -4.1% operating margin and a -1.9% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. you should weigh HEX.XOSL's valuation and scores 0/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.